Leidos Holdings (LDOS) FY2021 results: revenue $13.7 billion, up 11.7% on the year
Leidos Holdings, Inc. (LDOS) reported revenue of $13.7 billion for fiscal 2021, the year ended 31 December 2021, up 11.7% on the year before. Net income was $753 million, up 19.9%, and diluted earnings per share $5.27. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2022.
Revenue
$13.7 billion
+11.7% on the year
FY2016FY2021
Operating margin
8.4%
8.1% a year earlier
FY2016FY2021
Net income
$753 million
+19.9% on the year
FY2016FY2021
Diluted EPS
$5.27
+20.9% on the year
FY2016FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree 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
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
1,031
1,334
992
-22.7%
Capital expenditure
104
183
121
-43.2%
Free cash flow
927
1,151
871
-19.5%
Free cash flow margin
6.7%
9.4%
7.9%
Cash from investing
-730
-2,815
65.0
Cash from financing
-113
1,451
-709
Depreciation and amortisation
325
282
234
+15.2%
Share-based compensation
67.0
62.0
52.0
+8.1%
Buybacks
237
67.0
25.0
+253.7%
Dividends paid
199
196
198
+1.5%
Dividend per share
$1.40
$1.36
$1.32
+2.9%
Diluted shares, weighted
143m
144m
145m
-0.7%
Shares outstanding at period end
140m
142m
141m
-1.4%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
4,291
3,862
3,413
+11.1%
Non-controlling interest
53.0
9.0
4.0
+488.9%
Debt
5,076
4,744
2,986
+7.0%
Operating lease liabilities
589
564
326
+4.4%
Finance lease liabilities
43.0
5.0
2.0
+760.0%
Other liabilities
3,209
3,327
2,636
-3.5%
Total liabilities and equity
13,261
12,511
9,367
+6.0%
Fixed assets
670
604
287
+10.9%
Goodwill
6,744
6,313
4,912
+6.8%
Intangible assets
1,177
1,216
530
-3.2%
Cash and equivalents
727
524
668
+38.7%
Receivables
2,189
2,137
1,734
+2.4%
Inventory
274
276
72.0
-0.7%
Other assets
1,480
1,441
1,164
+2.7%
Total assets
13,261
12,511
9,367
+6.0%
10-K for the year ended 31 December 2021, filed 15 February 2022: the filing.