Leidos Holdings (LDOS) FY2022 results: revenue $14.4 billion, up 4.8% on the year
Leidos Holdings, Inc. (LDOS) reported revenue of $14.4 billion for fiscal 2022, the year ended 30 December 2022, up 4.8% on the year before. Net income was $685 million, down 9.0%, and diluted earnings per share $4.96. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2023.
Revenue
$14.4 billion
+4.8% on the year
FY2016FY2022
Operating margin
7.6%
8.4% a year earlier
FY2016FY2022
Net income
$685 million
-9.0% on the year
FY2016FY2022
Diluted EPS
$4.96
-5.9% on the year
FY2016FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
992
1,031
1,334
-3.8%
Capital expenditure
129
104
183
+24.0%
Free cash flow
863
927
1,151
-6.9%
Free cash flow margin
6.0%
6.7%
9.4%
Cash from investing
-313
-730
-2,815
Cash from financing
-865
-113
1,451
Depreciation and amortisation
333
325
282
+2.5%
Share-based compensation
73.0
67.0
62.0
+9.0%
Buybacks
0.0
237
67.0
Dividends paid
199
199
196
0.0%
Dividend per share
$1.44
$1.40
$1.36
+2.9%
Diluted shares, weighted
138m
143m
144m
-3.5%
Shares outstanding at period end
137m
140m
142m
-2.1%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
4,299
4,291
3,862
+0.2%
Non-controlling interest
54.0
53.0
9.0
+1.9%
Debt
4,920
5,076
4,744
-3.1%
Operating lease liabilities
570
589
564
-3.2%
Finance lease liabilities
38.0
43.0
5.0
-11.6%
Other liabilities
3,190
3,209
3,327
-0.6%
Total liabilities and equity
13,071
13,261
12,511
-1.4%
Fixed assets
n/a
670
604
Goodwill
6,696
6,744
6,313
-0.7%
Intangible assets
952
1,177
1,216
-19.1%
Cash and equivalents
516
727
524
-29.0%
Receivables
2,350
2,189
2,137
+7.4%
Inventory
287
274
276
+4.7%
Other assets
2,270
1,480
1,441
+53.4%
Total assets
13,071
13,261
12,511
-1.4%
10-K for the year ended 30 December 2022, filed 14 February 2023: the filing.