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Leidos Holdings, Inc. (LDOS) SEC Filing 10-Q Quarterly Report for the period ending Friday, September 30, 2022

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LDOS Quarterly Reports

  • 10-Q Quarterly Report November 2022
  • 10-Q Quarterly Report August 2022
    10-Q Quarterly Report May 2022
    10-Q Quarterly Report November 2021
    10-Q Quarterly Report August 2021
    10-Q Quarterly Report May 2021
    10-Q Quarterly Report November 2020
    10-Q Quarterly Report August 2020
    10-Q Quarterly Report May 2020

Leidos Holdings, Inc.

CIK: 1336920 Ticker: LDOS


EXHIBIT 99.1
Leidos Holdings, Inc. Reports Third Quarter Fiscal Year 2022 Results

Revenues of $3.6 billion, up 4% year-over-year
Net Income of $164 million; Adjusted EBITDA of $372 million
Diluted Earnings per Share of $1.17, or $1.59 on a non-GAAP basis
Record Cash Flows from Operations of $748 million and Free Cash Flow of $721 million
Net Bookings of $4.1 billion (book-to-bill ratio of 1.1)
Improved revenue outlook for 2022

RESTON, Va., November 1, 2022 – Leidos Holdings, Inc. (NYSE: LDOS), a FORTUNE 500
® science and technology leader, today reported financial results for the third quarter of fiscal year 2022.  
Roger Krone, Leidos Chairman and Chief Executive Officer, commented, "Our third quarter results demonstrate the momentum in our business as we continue to report revenue growth at the upper end of our guidance across our diversified portfolio. In addition, our dedicated team delivered earnings in excess of our forecast and generated the highest quarterly cash flow from operations in our history. These results position us well to deliver on our full-year financial targets as we make the world safer, healthier and more efficient."
Summary Operating Results
Three Months Ended
(in millions, except margin and per share amounts)September 30, 2022October 1, 2021
Revenues$3,608 $3,483 
Net income$164 $208 
Net income margin4.5 %6.0 %
Diluted earnings per share (EPS)$1.17 $1.43 
Non-GAAP Measures*:
Adjusted EBITDA$372 $403 
Adjusted EBITDA margin10.3 %11.6 %
Non-GAAP diluted EPS$1.59 $1.80 
* Non-GAAP financial measures should be considered in addition to, but not as a substitute for, the information provided in accordance with GAAP. Management believes that these non-GAAP measures provide another measure of Leidos' results of operations and financial condition, including its ability to comply with financial covenants. See Non-GAAP Financial Measures at the end of this press release for more information and a reconciliation of our selected reported results to these non-GAAP measures.
Revenues for the quarter were $3.61 billion, up 4% compared to the third quarter of 2021; the largest contributors were continued growth of the Navy Next Generation Enterprise Network Recompete (NGEN-R) Service Management, Integration and Transport (SMIT) contract; ramp-up of the National Aeronautics and Space Administration (NASA) Advanced Enterprise Global Information Technology Solutions (AEGIS) contract; and increased deployments on the Defense Healthcare Management System Modernization (DHMSM) program.
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The following information was filed by Leidos Holdings, Inc. (LDOS) on Tuesday, November 1, 2022 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Assess how Leidos Holdings, Inc.'s management team is paid from their Annual Proxy

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Leidos Holdings, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:

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Inside Leidos Holdings, Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover
Condensed Consolidated Balance Sheets (Unaudited)
Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical)
Condensed Consolidated Statements Of Cash Flows (Unaudited)
Condensed Consolidated Statements Of Comprehensive Income (Unaudited)
Condensed Consolidated Statements Of Equity (Unaudited)
Condensed Consolidated Statements Of Equity (Unaudited) (Parenthetical)
Condensed Consolidated Statements Of Income (Unaudited)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) (Details)
Accumulated Other Comprehensive Income (Loss) (Tables)
Acquisitions, Divestitures, Goodwill And Intangible Assets
Acquisitions, Divestitures, Goodwill And Intangible Assets (Narrative) (Details)
Acquisitions, Divestitures, Goodwill And Intangible Assets (Schedule Of Changes In Goodwill By Segment) (Details)
Acquisitions, Divestitures, Goodwill And Intangible Assets (Schedule Of Estimated Annual Amortization Expense) (Details)
Acquisitions, Divestitures, Goodwill And Intangible Assets (Schedule Of Intangible Assets) (Details)
Acquisitions, Divestitures, Goodwill And Intangible Assets (Tables)
Basis Of Presentation And Summary Of Significant Accounting Policies
Basis Of Presentation And Summary Of Significant Accounting Policies (Changes In Estimates On Contracts) (Details)
Basis Of Presentation And Summary Of Significant Accounting Policies (Narrative) (Details)
Basis Of Presentation And Summary Of Significant Accounting Policies (Policies)
Basis Of Presentation And Summary Of Significant Accounting Policies (Tables)
Business Segments
Business Segments (Details)
Business Segments (Tables)
Commitment And Contingencies (Tables)
Commitments And Contingencies
Commitments And Contingencies (Future Expirations Maturity Table) (Details)
Commitments And Contingencies (Narrative) (Details)
Debt
Debt (Narrative) (Details)
Debt (Summary Of Debt) (Details)
Debt (Tables)
Derivative Instruments
Derivative Instruments (Effect Of Cash Flow Hedge) (Details)
Derivative Instruments (Interest Rate Swaps) (Details)
Derivative Instruments (Narrative) (Details)
Derivative Instruments (Tables)
Earnings Per Share
Earnings Per Share (Narrative) (Details)
Earnings Per Share (Reconciliation Of Weighted Average Number Of Shares Outstanding) (Details)
Earnings Per Share (Tables)
Fair Value Measurements
Fair Value Measurements (Financial Instruments Measured At Fair Value On Recurring Basis) (Details)
Fair Value Measurements (Narrative) (Details)
Fair Value Measurements (Tables)
Income Taxes
Income Taxes (Details)
Revenues From Contracts With Customers
Revenues From Contracts With Customers (Contract Asset And Liabilities) (Details)
Revenues From Contracts With Customers (Disaggregation Of Revenue) (Details)
Revenues From Contracts With Customers (Narrative) (Details)
Revenues From Contracts With Customers (Tables)
Subsequent Events
Subsequent Events (Details)

Material Contracts, Statements, Certifications & more

Leidos Holdings, Inc. provided additional information to their SEC Filing as exhibits

Ticker: LDOS
CIK: 1336920
Form Type: 10-Q Quarterly Report
Accession Number: 0001336920-22-000060
Submitted to the SEC: Tue Nov 01 2022 12:26:35 PM EST
Accepted by the SEC: Tue Nov 01 2022
Period: Friday, September 30, 2022
Industry: Computer Integrated Systems Design

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