For the year ending 2026-01-02, LDOS had $213M increase in cash & cash equivalents over the period. $1,625M in free cash flow.
| Cash Flow | 2026-01-02 | 2025-01-03 | 2023-12-29 | 2022-12-30 |
|---|---|---|---|---|
| Net income | 1,462 | 1,251 | 208 | 693 |
| Depreciation and amortization | 290 | 290 | 331 | 333 |
| Stock-based compensation | 95 | 85 | 77 | 73 |
| Loss on debt extinguishment | - | - | - | 0 |
| Goodwill impairment charges | 0 | 0 | 596 | - |
| Asset impairment charges | 5 | 11 | 91 | 40 |
| Deferred income taxes | 369 | -98 | -109 | -211 |
| Other | -9 | -44 | -28 | -26 |
| Receivables | 46 | 220 | 65 | 174 |
| Other current assets and other long-term assets | -19 | -96 | -140 | -160 |
| Accounts payable and accrued liabilities and other long-term liabilities | -308 | -160 | 31 | -149 |
| Accrued payroll and employee benefits | 1 | 121 | -5 | 98 |
| Income taxes receivable/payable | -146 | -28 | -158 | 97 |
| Net cash provided by operating activities | 1,750 | 1,392 | 1,165 | 986 |
| Acquisitions of businesses, net of cash acquired | 293 | 0 | 6 | 192 |
| Payments for property, equipment and software | 125 | 149 | 207 | 129 |
| Proceeds from disposition of businesses | 9 | 0 | 2 | 15 |
| Net proceeds from sale of assets | - | 2 | 0 | 6 |
| Other | -4 | -5 | 0 | 13 |
| Net cash used in investing activities | -405 | -142 | -211 | -313 |
| Proceeds from debt issuance | 997 | 0 | 1,743 | 380 |
| Repayments of borrowings | 1,019 | 18 | 2,045 | 545 |
| Payments for debt issuance and modification costs | 7 | 0 | 7 | 0 |
| Dividend payments | 211 | 208 | 201 | 199 |
| Repurchases of stock and other | 944 | 906 | 246 | 542 |
| Proceeds from issuances of stock | 62 | 55 | 50 | 48 |
| Net capital distributions to non-controlling interests | -16 | -6 | -9 | -7 |
| Other | -7 | -1 | - | 0 |
| Net cash used in financing activities | -1,145 | -1,084 | -715 | -865 |
| Effect of foreign exchange rate changes on cash and cash equivalents | 13 | -10 | 6 | - |
| Net increase in cash, cash equivalents and restricted cash | 213 | 156 | 245 | -192 |
| Cash and cash equivalents at beginning of period | 991 | 928 | 683 | 875 |
| Cash and cash equivalents at end of period | 1,204 | 1,084 | 928 | 683 |
Leidos Holdings, Inc. (LDOS)
Leidos Holdings, Inc. (LDOS)