LEIDOS HOLDINGS, INC.
UNAUDITED SEGMENT OPERATING RESULTS
(in millions)
During the quarter ended March 31, 2017, the Company completed its business reorganization, which resulted in identification of three reportable segments (Defense Solutions, Civil, Health). Additionally, we separately present the costs associated with corporate functions as Corporate. The Company commenced operating and reporting under the new organizational structure effective the beginning of fiscal 2017. As a result of this change, prior year segment results and disclosures have been recast to reflect the new reportable segments.
The segment information for the periods presented was as follows:
|
Three Months Ended |
Nine Months Ended |
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|
September 29,
|
September 30,
|
Dollar
|
Percent change |
September 29,
|
September 30,
|
Dollar
|
Percent change |
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|
Revenues: |
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|
Defense Solutions |
$ |
1,201 |
$ |
1,009 |
$ |
192 |
19.0 |
% |
$ |
3,738 |
$ |
2,574 |
$ |
1,164 |
45.2 |
% |
||||||||||||||
|
Civil |
838 |
559 |
279 |
49.9 |
% |
2,555 |
1,220 |
1,335 |
109.4 |
% |
||||||||||||||||||||
|
Health |
464 |
300 |
164 |
54.7 |
% |
1,361 |
674 |
687 |
101.9 |
% |
||||||||||||||||||||
|
Total |
$ |
2,503 |
$ |
1,868 |
$ |
635 |
34.0 |
% |
$ |
7,654 |
$ |
4,468 |
$ |
3,186 |
71.3 |
% |
||||||||||||||
|
Operating income
|
||||||||||||||||||||||||||||||
|
Defense Solutions |
$ |
80 |
$ |
93 |
$ |
(13) |
(14.0) |
% |
$ |
222 |
$ |
224 |
$ |
(2) |
(0.9) |
% |
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|
Civil |
50 |
38 |
12 |
31.6 |
% |
170 |
80 |
90 |
112.5 |
% |
||||||||||||||||||||
|
Health |
63 |
28 |
35 |
125.0 |
% |
184 |
62 |
122 |
196.8 |
% |
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|
Corporate |
(42) |
(58) |
16 |
NM |
(118) |
(101) |
(17) |
NM |
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|
Total |
$ |
151 |
$ |
101 |
$ |
50 |
49.5 |
% |
$ |
458 |
$ |
265 |
$ |
193 |
72.8 |
% |
||||||||||||||
|
Operating income
|
||||||||||||||||||||||||||||||
|
Defense Solutions |
6.7 |
% |
9.2 |
% |
5.9 |
% |
8.7 |
% |
||||||||||||||||||||||
|
Civil |
6.0 |
% |
6.8 |
% |
6.7 |
% |
6.6 |
% |
||||||||||||||||||||||
|
Health |
13.6 |
% |
9.3 |
% |
13.5 |
% |
9.2 |
% |
||||||||||||||||||||||
|
Total |
6.0 |
% |
5.4 |
% |
6.0 |
% |
5.9 |
% |
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|
NM - Not Meaningful |
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