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Saic, Inc. (LDOS) SEC Filing 10-K Annual report for the fiscal year ending Thursday, January 31, 2013

Leidos Holdings, Inc.

CIK: 1336920 Ticker: LDOS

Exhibit 99.1

SAIC Announces Financial Results for Fourth Quarter and Fiscal Year 2013

Fourth Quarter Results

 

   

Revenues: $2.71 billion for fourth quarter; $11.17 billion for fiscal year

 

   

Diluted EPS from Continuing Operations: $0.54 for fourth quarter; $1.54 for fiscal year

 

   

Bookings: $2.0 billion (book-to-bill ratio of 0.7) for fourth quarter; $11.1 billion (book-to-bill ratio of 1.0) for fiscal year

 

   

Quarterly Cash Dividend of $0.12 per share payable on April 30, 2013

 

   

Special Cash Dividend of $1.00 per share payable on June 28, 2013

MCLEAN, Va., March 26, 2013 — SAIC, Inc. (NYSE: SAI), a scientific, engineering, and technology applications company, today announced financial results for the fourth quarter and fiscal year 2013, which ended January 31, 2013.

“During the fourth quarter, our revenue and operating income both declined from adjusted prior year levels,” said John P. Jumper, chairman and chief executive officer. “Nevertheless, we made a number of significant investments towards the future separation of the company, and had a few unexpected items that adversely impacted our results. Our focus is on the long term. We are committed to improving our operating performance by sustaining focus on our customers and aggressively aligning our cost base. We remain on schedule for our planned separation later in the year and look to aggressively position both future companies for cost competitiveness by streamlining indirect management and support functions, reducing our real estate footprint, and driving other efficiencies.”

“As announced today, our Board of Directors has approved a quarterly cash dividend and, in addition, a special dividend,” added Jumper. “We consider this a demonstration of our continuing confidence in the strength of our financial base, our plan of balanced capital deployment, and our commitment to deliver shareholder value.”

Summary Results

Revenues for the fourth quarter of fiscal year 2013 were $2.71 billion, compared to $2.47 billion in the fourth quarter of fiscal year 2012. Full fiscal year revenues were $11.17 billion, compared to $10.50 billion for fiscal year 2012. The fourth quarter and full fiscal year 2012 revenues reflected $358 million and $410 million, respectively, in revenue reductions from the CityTime loss provision. After removing the effect of these reductions, revenues declined $118 million in the fourth quarter of fiscal year 2013 compared to the prior year quarter’s adjusted revenues of $2.83 billion, but increased $266 million for the full fiscal year.


The following information was filed by Leidos Holdings, Inc. (LDOS) on Tuesday, March 26, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Cash Flows (parenthetical)
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Income
Consolidated Statements Of Stockholders' Equity
Consolidated Statements Of Stockholders' Equity (parenthetical)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss (tables)
Accumulated Other Comprehensive Loss - Additional Information (detail)
Acquisitions
Acquisitions (tables)
Acquisitions - Additional Information (detail)
Business Segment Information
Business Segment Information (tables)
Business Segment Information - Additional Information (detail)
Composition Of Certain Financial Statement Captions
Composition Of Certain Financial Statement Captions (tables)
Discontinued Operations
Discontinued Operations (tables)
Discontinued Operations - Additional Information (detail)
Earnings Per Share (eps)
Earnings Per Share (eps) (tables)
Estimated Fair Values Of Assets Acquired And Liabilities Assumed (detail)
Estimated Fair Values Of Assets Acquired And Liabilities Assumed (parenthetical) (detail)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (tables)
Goodwill And Intangible Assets - Additional Information (detail)
Income Taxes
Income Taxes (tables)
Income Taxes - Additional Information (detail)
Leases
Leases (tables)
Leases - Additional Information (detail)
Legal Proceedings
Legal Proceedings - Additional Information (detail)
Notes Payable And Long-term Debt
Notes Payable And Long-term Debt (tables)
Notes Payable And Long-term Debt - Additional Information (detail)
Other Commitments And Contingencies
Other Commitments And Contingencies - Additional Information (detail)
Reconciliation Of Income Used In Calculating Earnings Per Share (detail)
Reconciliation Of Weighted Average Number Of Shares Outstanding (detail)
Related Party Transactions
Related Party Transactions - Additional Information (detail)
Retirement Plans
Retirement Plans (tables)
Retirement Plans - Additional Information (detail)
Revolving Credit Facility
Revolving Credit Facility - Additional Information (detail)
Schedule Of Accumulated Other Comprehensive Loss (detail)
Schedule Of Accumulated Other Comprehensive Loss (parenthetical) (detail)
Schedule Of Acquisition Information (detail)
Schedule Of Amortization Expense For Finite-lived Intangible Assets (detail)
Schedule Of Assumptions Used To Determine Benefit Obligations (detail)
Schedule Of Assumptions Used To Determine Net Periodic Benefit Cost (detail)
Schedule Of Basic And Diluted Eps (detail)
Schedule Of Certain Financial Statement Captions (detail)
Schedule Of Certain Financial Statement Captions (parenthetical) (detail)
Schedule Of Changes In Goodwill By Segment (detail)
Schedule Of Changes In Unrecognized Tax Benefits (detail)
Schedule Of Deferred Tax Assets (liabilities) (detail)
Schedule Of Depreciation Using Estimated Useful Lives (detail)
Schedule Of Fair Value Of Plan Assets (detail)
Schedule Of Funded Status (detail)
Schedule Of Future Minimum Lease Commitments And Sublease Receipts Under Non-cancelable Operating Leases (detail)
Schedule Of Intangible Assets Including Estimates Of Assets Acquired (detail)
Schedule Of Maturities Of Notes Payable And Long-term Debt (detail)
Schedule Of Net Deferred Tax Assets (detail)
Schedule Of Net Periodic Benefit Cost (detail)
Schedule Of Notes Payable And Long-term Debt (detail)
Schedule Of Notes Payable And Long-term Debt (parenthetical) (detail)
Schedule Of Options Outstanding (detail)
Schedule Of Performance-based Stock Award Activity (detail)
Schedule Of Pre-sale Operating Results Of Discontinued Operations (detail)
Schedule Of Provision For Income Taxes (detail)
Schedule Of Purchase Price Allocations Related To Acquisitions (detail)
Schedule Of Reconciliation Of Provision For Income Taxes (detail)
Schedule Of Reconciliation Of Provision For Income Taxes (parenthetical) (detail)
Schedule Of Rental Expense For Facilities And Equipment (detail)
Schedule Of Segment Reporting Information By Segment (detail)
Schedule Of Selected Quarterly Financial Data (detail)
Schedule Of Selected Quarterly Financial Data (parenthetical) (detail)
Schedule Of Share-based Compensation Activity Related To Exercise Of Stock Options (detail)
Schedule Of Stock Option Activity (detail)
Schedule Of Stock-based Awards Excluded From Weighted Average Shares Outstanding (detail)
Schedule Of Stock-based Compensation And Related Tax Benefits Recognized (detail)
Schedule Of Supplementary Cash Flow Information (detail)
Schedule Of Supplementary Cash Flow Information (parenthetical) (detail)
Schedule Of Supplementary Income Statement Information (detail)
Schedule Of Total Revenue Percentages Contributable To Specific Government Agencies (detail)
Schedule Of Vesting Stock Award Activity (detail)
Schedule Of Weighted Average Grant-date Fair Value And Assumptions Used (detail)
Selected Quarterly Financial Data (unaudited)
Selected Quarterly Financial Data (unaudited) (tables)
Separation Transaction Expenses (detail)
Stock-based Compensation
Stock-based Compensation (tables)
Stock-based Compensation - Additional Information (detail)
Subsequent Event
Subsequent Event - Additional Information (detail)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (tables)
Summary Of Significant Accounting Policies - Additional Information (detail)
Supplementary Income Statement And Cash Flow Information
Supplementary Income Statement And Cash Flow Information (tables)
Ticker: LDOS
CIK: 1336920
Form Type: 10-K Annual Report
Accession Number: 0001193125-13-127240
Submitted to the SEC: Tue Mar 26 2013 7:39:22 PM EST
Accepted by the SEC: Wed Mar 27 2013
Period: Thursday, January 31, 2013
Industry: Computer Integrated Systems Design

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