Quarter Ended September 30, 2016 |
||||||||||||||||||||
As reported |
Acquisition and integration costs |
Amortization of intangibles |
Restructuring expenses |
Non-GAAP results |
||||||||||||||||
Income from continuing operations, before
|
$ |
75 |
$ |
44 |
$ |
27 |
$ |
5 |
$ |
151 |
||||||||||
Depreciation expense |
10 |
— |
— |
— |
10 |
|||||||||||||||
Amortization expense |
27 |
— |
(27) |
— |
— |
|||||||||||||||
Interest expense, net |
25 |
— |
— |
— |
25 |
|||||||||||||||
EBITDA |
$ |
137 |
$ |
44 |
$ |
— |
$ |
5 |
$ |
186 |
||||||||||
EBITDA margin |
7.3 |
% |
10.0 |
% |
LEIDOS HOLDINGS, INC. |
||||||||||||||||||||||||||||
UNAUDITED NON-GAAP FINANCIAL MEASURES [CONTINUED] |
||||||||||||||||||||||||||||
(in millions, except per share amounts) |
||||||||||||||||||||||||||||
Nine Months Ended September 29, 2017 |
||||||||||||||||||||||||||||
As reported |
Acquisition and integration costs |
Amortization of intangibles |
Restructuring expenses |
Amortization of equity method investments |
Loss (gain) on sale of assets and businesses |
Non-GAAP results |
||||||||||||||||||||||
Operating income |
$ |
458 |
$ |
56 |
$ |
212 |
$ |
25 |
$ |
11 |
$ |
— |
$ |
762 |
||||||||||||||
Non-operating expense, net |
(99) |
— |
— |
— |
— |
1 |
(98) |
|||||||||||||||||||||
Income from continuing operations, before
|
359 |
56 |
212 |
25 |
11 |
1 |
664 |
|||||||||||||||||||||
Income tax expense 1 |
(108) |
(22) |
(82) |
(10) |
(4) |
— |
(226) |
|||||||||||||||||||||
Net income |
251 |
34 |
130 |
15 |
7 |
1 |
438 |
|||||||||||||||||||||
Less: net loss attributable to non-controlling
|
(1) |
— |
— |
— |
— |
— |
(1) |
|||||||||||||||||||||
Net income attributable to Leidos common
|
$ |
252 |
$ |
34 |
$ |
130 |
$ |
15 |
$ |
7 |
$ |
1 |
$ |
439 |
||||||||||||||
Diluted EPS attributable to Leidos common
|
$ |
1.65 |
$ |
0.22 |
$ |
0.85 |
$ |
0.10 |
$ |
0.04 |
$ |
0.01 |
$ |
2.87 |
||||||||||||||
Diluted shares |
153 |
153 |
153 |
153 |
153 |
153 |
153 |
|||||||||||||||||||||
(1) Calculation uses an estimated statutory tax rate on non-GAAP tax deductible adjustments. |