Leidos Holdings, Inc. (LDOS) financial statements: income statement, balance sheet and cash flow

Leidos Holdings, Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Jan 2, 2026 · FY), Leidos Holdings, Inc. reported revenue of $17.2B (+3.1% year on year) and net income of $1.5B (+16.9% year on year).

Income statement

Leidos Holdings, Inc. income statement, fiscal years

Line item	Jan 2, 2026 · FY	Jan 3, 2025 · FY	Dec 29, 2023 · FY	Dec 30, 2022 · FY
Revenues	$17.2B	$16.7B	$15.4B	$14.4B
Cost of revenues	$14.1B	$13.9B	$13.2B	$12.3B
Selling, general and administrative expenses	$999.0M	$983.0M	$942.0M	$950.0M
Acquisition, integration and restructuring costs	$18.0M	$16.0M	$24.0M	$17.0M
Goodwill impairment charges	$0	$0	$596.0M	—
Asset impairment charges	$5.0M	$11.0M	$91.0M	$40.0M
Equity earnings of non-consolidated subsidiaries	($32.0M)	($39.0M)	($30.0M)	($12.0M)
Operating income	$2.1B	$1.8B	$621.0M	$1.1B
Interest expense, net	($203.0M)	($193.0M)	($212.0M)	($199.0M)
Other income (expense), net	$3.0M	$5.0M	($6.0M)	($3.0M)
Income before income taxes	$1.9B	$1.6B	$403.0M	$886.0M
Income tax expense	($447.0M)	($388.0M)	($195.0M)	($193.0M)
Net income	$1.5B	$1.3B	$208.0M	$693.0M
Less: net income (loss) attributable to non-controlling interest	$14.0M	($3.0M)	$9.0M	$8.0M
Net income attributable to Leidos common stockholders	$1.4B	$1.3B	$199.0M	$685.0M
Basic (in dollars per share)	$11.31	$9.36	$1.45	$5.00
Diluted (in dollars per share)	$11.14	$9.22	$1.44	$4.96

Leidos Holdings, Inc. income statement, quarters

Line item	Jul 3, 2026 · Q2	Apr 3, 2026 · Q1	Oct 3, 2025 · Q3	Jul 4, 2025 · Q2
Revenues	$4.6B	$4.4B	$4.5B	$4.3B
Cost of revenues	$3.7B	$3.6B	$3.6B	$3.5B
Selling, general and administrative expenses	$283.0M	$223.0M	$286.0M	$217.0M
Acquisition, integration and restructuring costs	$27.0M	$35.0M	$4.0M	$2.0M
Equity earnings of non-consolidated subsidiaries	($7.0M)	($5.0M)	($8.0M)	($8.0M)
Operating income	$514.0M	$508.0M	$535.0M	$571.0M
Interest expense, net	($69.0M)	($55.0M)	($51.0M)	($55.0M)
Other income (expense), net	$6.0M	($24.0M)	$0	$2.0M
Income before income taxes	$451.0M	$429.0M	$484.0M	$518.0M
Income tax expense	($95.0M)	($94.0M)	($115.0M)	($125.0M)
Net income	$356.0M	$335.0M	$369.0M	$393.0M
Less: net income attributable to non-controlling interest	$2.0M	$7.0M	$2.0M	$2.0M
Net income attributable to Leidos common stockholders	$354.0M	$328.0M	$367.0M	$391.0M
Basic (in dollars per share)	$2.81	$2.60	$2.87	$3.03
Diluted (in dollars per share)	$2.81	$2.56	$2.82	$3.01

Balance sheet

Leidos Holdings, Inc. balance sheet, fiscal years

Line item	Jan 2, 2026 · FY	Jan 3, 2025 · FY	Dec 29, 2023 · FY	Dec 30, 2022 · FY
Cash and cash equivalents	$1.1B	$943.0M	$777.0M	$516.0M
Receivables, net	$2.7B	$2.6B	$2.4B	$2.4B
Inventory, net	$342.0M	$315.0M	$310.0M	$287.0M
Other current assets	$656.0M	$525.0M	$489.0M	$490.0M
Total current assets	$4.8B	$4.4B	$4.0B	$3.6B
Property, plant and equipment, net	$961.0M	$991.0M	$961.0M	$847.0M
Intangible assets, net	$458.0M	$517.0M	$667.0M	$952.0M
Goodwill	$6.3B	$6.1B	$6.1B	$6.7B
Operating lease right-of-use assets, net	$526.0M	$560.0M	$512.0M	$545.0M
Deferred tax assets	$48.0M	—	—	—
Other long-term assets	$344.0M	$524.0M	$438.0M	$388.0M
Total assets	$13.5B	$13.1B	$12.7B	$13.1B
Accounts payable and accrued liabilities	$2.0B	$2.2B	$2.3B	$2.3B
Accrued payroll and employee benefits	$819.0M	$811.0M	$695.0M	$701.0M
Current portion of long-term debt	$20.0M	$618.0M	$18.0M	$992.0M
Total current liabilities	$2.8B	$3.7B	$3.0B	$3.9B
Long-term debt, net of current portion	$4.6B	$4.1B	$4.7B	$3.9B
Operating lease liabilities	$587.0M	$621.0M	$516.0M	$570.0M
Deferred tax liabilities	$221.0M	—	$3.0M	$40.0M
Other long-term liabilities	$268.0M	$317.0M	$264.0M	$233.0M
Total liabilities	$8.5B	$8.6B	$8.4B	$8.7B
Preferred stock, $0.0001 par value, 10,000,000 shares authorized and no shares issued and outstanding at January 2, 2026 and January 3, 2025	0	0	0	0
Common stock, $0.0001 par value, 500,000,000 shares authorized, 126,380,657 and 131,163,899 shares issued and outstanding at January 2, 2026, and January 3, 2025, respectively	0	0	0	0
Additional paid-in capital	$319.0M	$1.1B	$1.9B	$2.0B
Retained earnings	$4.6B	$3.4B	$2.4B	$2.4B
Accumulated other comprehensive loss	($50.0M)	($110.0M)	($48.0M)	($73.0M)
Total Leidos stockholders’ equity	$4.9B	$4.4B	$4.2B	$4.3B
Non-controlling interest	$46.0M	$48.0M	$57.0M	$54.0M
Total stockholders’ equity	$5.0B	$4.5B	$4.3B	$4.4B
Total liabilities and stockholders’ equity	$13.5B	$13.1B	$12.7B	$13.1B

Leidos Holdings, Inc. balance sheet, quarters

Line item	Jul 3, 2026	Apr 3, 2026	Oct 3, 2025	Jul 4, 2025
Cash and cash equivalents	$748.0M	$457.0M	$974.0M	$930.0M
Receivables, net	$3.0B	$3.0B	$3.0B	$2.9B
Inventory, net	$94.0M	$336.0M	$360.0M	$364.0M
Other current assets	$493.0M	$582.0M	$545.0M	$572.0M
Assets held for sale	$943.0M	—	—	—
Total current assets	$5.2B	$4.4B	$4.8B	$4.8B
Property, plant and equipment, net	$900.0M	$966.0M	$963.0M	$973.0M
Intangible assets, net	$943.0M	$993.0M	$496.0M	$515.0M
Goodwill	$7.7B	$8.1B	$6.3B	$6.4B
Operating lease right-of-use assets, net	$491.0M	$553.0M	$512.0M	$535.0M
Other long-term assets	$389.0M	$343.0M	$348.0M	$386.0M
Total assets	$15.6B	$15.4B	$13.5B	$13.5B
Accounts payable and accrued liabilities	$2.2B	$2.1B	$2.2B	$2.0B
Accrued payroll and employee benefits	$855.0M	$687.0M	$809.0M	$826.0M
Current portion of long-term debt	$22.0M	$320.0M	$19.0M	$119.0M
Liabilities held for sale	$163.0M	—	—	—
Total current liabilities	$3.2B	$3.2B	$3.0B	$2.9B
Long-term debt, net of current portion	$6.0B	$6.0B	$4.6B	$5.0B
Operating lease liabilities	$547.0M	$610.0M	$578.0M	$598.0M
Other long-term liabilities	$520.0M	$267.0M	$270.0M	$311.0M
Total liabilities	$10.3B	$10.3B	$8.6B	$8.8B
Common stock, $0.0001 par value, 500,000,000 shares authorized, 125,492,013 and 126,380,657 shares issued and outstanding at July 3, 2026, and January 2, 2026, respectively	0	0	0	0
Additional paid-in capital	$88.0M	$117.0M	$588.0M	$650.0M
Retained earnings	$5.2B	$4.9B	$4.4B	$4.1B
Accumulated other comprehensive loss	($23.0M)	($25.0M)	($54.0M)	($49.0M)
Total Leidos stockholders’ equity	$5.3B	$5.0B	$4.9B	$4.7B
Non-controlling interest	$52.0M	$51.0M	$45.0M	$45.0M
Total stockholders' equity	$5.3B	$5.1B	$5.0B	$4.7B
Total liabilities and stockholders' equity	$15.6B	$15.4B	$13.5B	$13.5B

Cash flow statement

Leidos Holdings, Inc. cash flow statement, fiscal years

Line item	Jan 2, 2026 · FY	Jan 3, 2025 · FY	Dec 29, 2023 · FY	Dec 30, 2022 · FY
Net income	$1.5B	$1.3B	$208.0M	$693.0M
Depreciation and amortization	$290.0M	$290.0M	$331.0M	$333.0M
Stock-based compensation	$95.0M	$85.0M	$77.0M	$73.0M
Goodwill impairment charges	$0	$0	$596.0M	—
Asset impairment charges	$5.0M	$11.0M	$91.0M	$40.0M
Deferred income taxes	$369.0M	($98.0M)	($109.0M)	($211.0M)
Other	$9.0M	$44.0M	$28.0M	$26.0M
Receivables	($46.0M)	($220.0M)	($65.0M)	($174.0M)
Other current assets and other long-term assets	$19.0M	$96.0M	$140.0M	$160.0M
Accounts payable and accrued liabilities and other long-term liabilities	($308.0M)	($160.0M)	$31.0M	($149.0M)
Accrued payroll and employee benefits	$1.0M	$121.0M	($5.0M)	$98.0M
Income taxes receivable/payable	($146.0M)	($28.0M)	($158.0M)	$97.0M
Net cash provided by operating activities	$1.8B	$1.4B	$1.2B	$986.0M
Acquisitions of businesses, net of cash acquired	($293.0M)	$0	($6.0M)	($192.0M)
Payments for property, equipment and software	($125.0M)	($149.0M)	($207.0M)	($129.0M)
Proceeds from disposition of businesses	$9.0M	$0	$2.0M	$15.0M
Other	$4.0M	$5.0M	$0	($13.0M)
Net cash used in investing activities	($405.0M)	($142.0M)	($211.0M)	($313.0M)
Proceeds from debt issuance	$997.0M	$0	$1.7B	$380.0M
Repayments of borrowings	($1.0B)	($18.0M)	($2.0B)	($545.0M)
Payments for debt issuance and modification costs	($7.0M)	$0	($7.0M)	$0
Dividend payments	($211.0M)	($208.0M)	($201.0M)	($199.0M)
Repurchases of stock and other	($944.0M)	($906.0M)	($246.0M)	($542.0M)
Proceeds from issuances of stock	$62.0M	$55.0M	$50.0M	$48.0M
Net capital distributions to non-controlling interests	($16.0M)	($6.0M)	($9.0M)	($7.0M)
Other	($7.0M)	($1.0M)	—	$0
Net cash used in financing activities	($1.1B)	($1.1B)	($715.0M)	($865.0M)
Effect of foreign exchange rate changes on cash and cash equivalents	$13.0M	($10.0M)	$6.0M	—
Net increase in cash, cash equivalents and restricted cash	$213.0M	$156.0M	$245.0M	($192.0M)
Cash, cash equivalents and restricted cash at beginning of year	$991.0M	$928.0M	$683.0M	$875.0M
Cash, cash equivalents and restricted cash at end of year	$1.2B	$1.1B	$928.0M	$683.0M
Less: restricted cash at end of year	$96.0M	$141.0M	$151.0M	$167.0M
Cash and cash equivalents at end of year	$1.1B	$943.0M	$777.0M	$516.0M
Cash paid for interest	$220.0M	$226.0M	$207.0M	$195.0M
Cash paid for income taxes, net of refunds	$276.0M	$460.0M	$435.0M	$217.0M
Property, plant and equipment additions	$5.0M	$72.0M	$2.0M	$7.0M
Finance lease obligations	$0	$0	$65.0M	$1.0M

Leidos Holdings, Inc. cash flow statement, quarters

Line item	Jul 3, 2026 · YTD	Apr 3, 2026 · Q1	Oct 3, 2025 · YTD	Jul 4, 2025 · YTD
Net income	$691.0M	$335.0M	$1.1B	$758.0M
Depreciation and amortization	$153.0M	$72.0M	$215.0M	$141.0M
Stock-based compensation	$51.0M	$25.0M	$72.0M	$46.0M
Deferred income taxes	($2.0M)	($8.0M)	$288.0M	$200.0M
Net loss on pension plan settlement	$20.0M	$23.0M	—	—
Other	$14.0M	$10.0M	$3.0M	$0
Receivables	($193.0M)	($160.0M)	($297.0M)	($236.0M)
Other current assets and other long-term assets	$38.0M	$3.0M	$26.0M	($34.0M)
Accounts payable and accrued liabilities and other long-term liabilities	$97.0M	$54.0M	($108.0M)	($260.0M)
Accrued payroll and employee benefits	$34.0M	($154.0M)	($10.0M)	$7.0M
Income taxes receivable/payable	$191.0M	$101.0M	($65.0M)	($78.0M)
Net cash provided by operating activities	$1.1B	$301.0M	$1.3B	$544.0M
Acquisition of a business, net of cash acquired	($2.3B)	($2.3B)	($292.0M)	($285.0M)
Payments for property, equipment and software	($63.0M)	($31.0M)	($82.0M)	($51.0M)
Divestiture of a business	$4.0M	$4.0M	—	—
Net proceeds from sale of assets	$4.0M	—	—	$0
Other	($4.0M)	$6.0M	$2.0M	$0
Net cash used in investing activities	($2.4B)	($2.4B)	($372.0M)	($336.0M)
Proceeds from debt issuance	$1.4B	$1.4B	$997.0M	$997.0M
Repayments of borrowings	($10.0M)	($5.0M)	($1.0B)	($559.0M)
Payments for debt issuance costs	($15.0M)	($15.0M)	($7.0M)	($7.0M)
Dividend payments	($110.0M)	($55.0M)	($156.0M)	($105.0M)
Repurchases of stock and other	($315.0M)	($243.0M)	($639.0M)	($537.0M)
Proceeds from issuances of stock	$33.0M	$16.0M	$47.0M	$31.0M
Net capital distributions to non-controlling interests	($3.0M)	($2.0M)	($9.0M)	($7.0M)
Other	($7.0M)	—	($7.0M)	($6.0M)
Net cash provided by (used in) financing activities	$970.0M	$1.4B	($788.0M)	($193.0M)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash	$0	($1.0M)	$11.0M	$14.0M
Net (decrease) increase in cash, cash equivalents and restricted cash, including cash classified in current assets held for sale	($333.0M)	($666.0M)	$106.0M	$29.0M
Less: change in cash balances classified as assets held for sale	$41.0M	—	—	—
Net (decrease) increase in cash, cash equivalents and restricted cash	($374.0M)	—	—	—
Cash, cash equivalents and restricted cash at beginning of period	$1.2B	$1.2B	$991.0M	$991.0M
Cash, cash equivalents and restricted cash at end of period	$830.0M	$538.0M	$1.1B	$1.0B
Less: restricted cash at end of period	$82.0M	$81.0M	$123.0M	$90.0M
Cash and cash equivalents at end of period	$748.0M	$457.0M	$974.0M	$930.0M
Cash paid for income taxes	$9.0M	($5.0M)	$179.0M	$162.0M
Cash paid for interest	$112.0M	$68.0M	$177.0M	$100.0M
Property, plant and equipment additions	$3.0M	$1.0M	$4.0M	$4.0M
Finance lease obligations	$1.0M	$1.0M	—	—

Leidos Holdings, Inc. score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.