XML 36 R6.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Statements of Cash Flows - USD ($)
1 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Jan. 30, 2015
Oct. 02, 2015
Oct. 31, 2014
Oct. 02, 2015
Oct. 31, 2014
Jan. 30, 2015
Cash flows from operations:            
Net income (loss)   $ 49,000,000 $ 34,000,000 $ 127,000,000 $ (367,000,000)  
(Income) loss from discontinued operations   0 4,000,000 (18,000,000) 11,000,000  
Adjustments to reconcile net income (loss) to net cash provided by operations:            
Depreciation and amortization       35,000,000 50,000,000  
Stock-based compensation       23,000,000 33,000,000  
Goodwill impairment charges     0 0 486,000,000 $ 486,000,000
Asset impairment charges   4,000,000 17,000,000 73,000,000 41,000,000  
Bad debt expense and other       8,000,000 7,000,000  
Change in assets and liabilities, net of effects of acquisitions and dispositions:            
Receivables       145,000,000 29,000,000  
Inventory, prepaid expenses and other current assets       (22,000,000) (4,000,000)  
Deferred income taxes       8,000,000 46,000,000  
Accounts payable and accrued liabilities       71,000,000 (11,000,000)  
Accrued payroll and employee benefits       (26,000,000) 3,000,000  
Income taxes receivable/payable       (28,000,000) (16,000,000)  
Other long-term assets/liabilities       (18,000,000) (14,000,000)  
Total cash flows provided by operating activities of continuing operations $ 11,000,000     378,000,000 294,000,000  
Cash flows from investing activities:            
Expenditures for property, plant and equipment       (15,000,000) (26,000,000)  
Payments on accrued purchase price related to prior acquisition       (13,000,000) 0  
Proceeds from sale of assets       9,000,000 0  
Proceeds from disposition of business, net of cash sold of $2 million       27,000,000 0  
Proceeds from U.S. Treasury cash grant       0 80,000,000  
Total cash flows provided by investing activities of continuing operations       8,000,000 54,000,000  
Cash flows from financing activities:            
Payments of notes payable and long-term debt       (49,000,000) (104,000,000)  
Sales of stock and exercises of stock options       4,000,000 6,000,000  
Repurchases of stock and stock received for tax withholdings       (116,000,000) (213,000,000)  
Dividend payments       (71,000,000) (72,000,000)  
Other       3,000,000 1,000,000  
Total cash flows used in financing activities of continuing operations (47,000,000)     (229,000,000) (382,000,000)  
Increase (decrease) in cash and cash equivalents from continuing operations       157,000,000 (34,000,000)  
Cash flows from discontinued operations:            
Cash provided by (used in) operating activities of discontinued operations       13,000,000 (5,000,000)  
Cash provided by investing activities of discontinued operations       6,000,000 27,000,000  
Increase in cash and cash equivalents from discontinued operations 20,000,000     19,000,000 22,000,000  
Increase in cash and cash equivalents from discontinued operations (16,000,000)     176,000,000 (12,000,000)  
Cash and cash equivalents at beginning of period 459,000,000     459,000,000 430,000,000 430,000,000
Cash and cash equivalents at end of period   635,000,000 418,000,000 635,000,000 418,000,000  
Leidos, Inc.            
Cash flows from operations:            
Net income (loss)   51,000,000 36,000,000 133,000,000 (362,000,000)  
(Income) loss from discontinued operations   0 4,000,000 (18,000,000) 11,000,000  
Adjustments to reconcile net income (loss) to net cash provided by operations:            
Depreciation and amortization       35,000,000 50,000,000  
Stock-based compensation       23,000,000 33,000,000  
Goodwill impairment charges   0 0 0 486,000,000  
Asset impairment charges   4,000,000 17,000,000 73,000,000 41,000,000  
Bad debt expense and other       2,000,000 2,000,000  
Change in assets and liabilities, net of effects of acquisitions and dispositions:            
Receivables       145,000,000 29,000,000  
Inventory, prepaid expenses and other current assets       (22,000,000) (4,000,000)  
Deferred income taxes       8,000,000 46,000,000  
Accounts payable and accrued liabilities       71,000,000 (11,000,000)  
Accrued payroll and employee benefits       (26,000,000) 3,000,000  
Income taxes receivable/payable       (28,000,000) (16,000,000)  
Other long-term assets/liabilities       (18,000,000) (14,000,000)  
Total cash flows provided by operating activities of continuing operations       378,000,000 294,000,000  
Cash flows from investing activities:            
Proceeds on obligations of Leidos Holdings, Inc.       20,000,000 82,000,000  
Payments on obligations of Leidos Holdings, Inc.       (200,000,000) (360,000,000)  
Expenditures for property, plant and equipment       (15,000,000) (26,000,000)  
Payments on accrued purchase price related to prior acquisition       (13,000,000) 0  
Proceeds from sale of assets       9,000,000 0  
Proceeds from disposition of business, net of cash sold of $2 million       27,000,000 0  
Proceeds from U.S. Treasury cash grant       0 80,000,000  
Total cash flows provided by investing activities of continuing operations       (172,000,000) (224,000,000)  
Cash flows from financing activities:            
Payments of notes payable and long-term debt       (49,000,000) (104,000,000)  
Total cash flows used in financing activities of continuing operations       (49,000,000) (104,000,000)  
Increase (decrease) in cash and cash equivalents from continuing operations       157,000,000 (34,000,000)  
Cash flows from discontinued operations:            
Cash provided by (used in) operating activities of discontinued operations       13,000,000 (5,000,000)  
Cash provided by investing activities of discontinued operations       6,000,000 27,000,000  
Increase in cash and cash equivalents from discontinued operations       19,000,000 22,000,000  
Increase in cash and cash equivalents from discontinued operations       176,000,000 (12,000,000)  
Cash and cash equivalents at beginning of period $ 459,000,000     459,000,000 430,000,000 $ 430,000,000
Cash and cash equivalents at end of period   $ 635,000,000 $ 418,000,000 $ 635,000,000 $ 418,000,000