greeksoup/ stock research
Stock research / United States / LDOS / Q4 FY2021

Leidos Holdings (LDOS) Q4 FY2021 earnings: revenue $3.5 billion, up 7.3% on the year

Leidos Holdings, Inc. (LDOS) reported revenue of $3.5 billion for Q4 FY2021, the quarter ended 31 December 2021, up 7.3% on the same quarter a year earlier. Net income was $174 million, down 11.7% on the year, and diluted earnings per share $1.24. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2022.

Revenue
$3.5 billion
+7.3% on the year · +0.2% on the quarter
Q1 FY2020Q4 FY2021
Operating margin
7.7%
9.2% a year earlier
Q1 FY2020Q4 FY2021
Net income
$174 million
-11.7% on the year · -15.1% on the quarter
Q1 FY2020Q4 FY2021
Diluted EPS
$1.24
-9.5% on the year · -13.3% on the quarter
Q1 FY2020Q4 FY2021

this quarterthe same quarter a year earlierHover a bar for its figure.

Income statement (profit and loss)

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Revenue3,4913,4833,252+0.2%+7.3%
Cost of revenue2,983n/an/a
Gross profit508n/an/a
Gross margin14.6%n/an/a
Selling, general and administrative244n/an/a
Operating income270305299-11.5%-9.7%
Operating margin7.7%8.8%9.2%
Pre-tax income222n/an/a
Income tax46.0n/an/a
Effective tax rate20.7%n/an/a
Net income174205197-15.1%-11.7%
Net margin5.0%n/an/a
Diluted EPS$1.24$1.43$1.37-13.3%-9.5%
$ million except per share.
Read moreFourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Operating cash flow210n/an/a
Capital expenditure33.0n/an/a
Free cash flow177n/an/a
Free cash flow margin5.1%n/an/a
Cash from investing-37.0n/an/a
Cash from financing-69.0n/an/a
Depreciation and amortisation81.087.068.0-6.9%+19.1%
Share-based compensation18.0n/an/a
Buybacks0.0n/an/a
Dividends paid50.0n/an/a
Diluted shares, weighted143m143m144m0.0%-0.7%
Shares outstanding at period end140m140m142m0.0%-1.4%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Shareholders' equity4,2914,1153,862+4.3%+11.1%
Non-controlling interest53.0n/an/a
Debt5,0765,1004,744-0.5%+7.0%
Operating lease liabilities589n/an/a
Finance lease liabilities43.0n/an/a
Other liabilities3,209n/an/a
Total liabilities and equity13,261n/an/a
Fixed assets670n/an/a
Goodwill6,744n/an/a
Intangible assets1,177n/an/a
Cash and equivalents727587524+23.9%+38.7%
Receivables2,189n/an/a
Inventory274n/an/a
Other assets1,480n/an/a
Total assets13,261n/an/a

Questions

What was Leidos Holdings' revenue in Q4 FY2021?

Leidos Holdings (LDOS) reported revenue of $3.5 billion for Q4 FY2021, the quarter ended 31 December 2021, up 7.3% on the same quarter a year earlier.

How much did Leidos Holdings earn in Q4 FY2021?

Net income for Q4 FY2021 was $174 million, down 11.7% on the year, and diluted earnings per share $1.24.

When did Leidos Holdings report Q4 FY2021 results?

Leidos Holdings filed its 10-K for the year that ended with the quarter on 15 February 2022; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022Q2 FY2022 †Q3 FY2022 †Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024 †Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025 †Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue3,4913,4943,5973,6083,6973,6993,8383,9213,9803,9754,1324,1904,3654,2454,2534,4694,2074,4004,5584,630
Cost of revenue2,9832,9823,0593,0953,1763,2043,2713,3343,3853,3373,4273,4283,6723,4883,4713,6483,4683,6393,7413,810
Gross profit508512538513521495567587595638705762693757782821739761817820
Gross margin15%15%15%14%14%13%15%15%15%16%17%18%16%18%18%18%18%17%18%18%
SG&A244236262232221233237239233226231247279230217290266223283262
Operating income270271271281265265331-336361415475516421530571535473508514553
Operating margin8%8%8%8%7%7%9%-9%9%10%11%12%10%12%13%12%11%12%11%12%
Interest expensen/an/an/an/an/an/a56.053.0n/a49.051.046.047.049.055.051.048.055.069.067.0
Pre-tax income222222225221218207274-388310368426470375478518484429429451482
Tax rate21%20%24%26%17%21%23%n/a26%23%24%23%25%24%24%24%22%22%21%14%
Net income174175171162177162207-399229284322364284363391367327328354410
Net margin5%5%5%4%5%4%5%-10%6%7%8%9%7%9%9%8%8%7%8%9%
Diluted EPS$1.24$1.25$1.24$1.17$1.28$1.17$1.50-$2.91$1.66$2.07$2.37$2.68$2.12$2.77$3.01$2.82$2.53$2.56$2.81$3.28
Operating cash flow21093.040.0748105-98.016479530411337465629958.0486711n/a301793523
Capital expenditure33.028.021.027.053.039.040.050.078.017.023.023.086.022.029.031.043.031.032.047.0
Free cash flow17765.019.072152.0-13712474522696.035163321336.0457680n/a270761476
Buybacks0.0n/an/an/an/a25.00.00.02001501002004000.00.010030020066.0500
Dividends paid50.051.049.049.050.050.050.050.051.053.051.051.053.053.052.051.055.055.055.052.0
Shares outstanding140m137m137m137m137m137m137m138m136m135m135m133m131m129m128m128m126m126m125m122m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 December 2021, filed 15 February 2022: the filing.