Leidos Holdings (LDOS) FY2023 results: revenue $15.4 billion, up 7.2% on the year
Leidos Holdings, Inc. (LDOS) reported revenue of $15.4 billion for fiscal 2023, the year ended 29 December 2023, up 7.2% on the year before. Net income was $199 million, down 70.9%, and diluted earnings per share $1.44. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2024.
Revenue
$15.4 billion
+7.2% on the year
FY2016FY2023
Operating margin
4.0%
7.6% a year earlier
FY2016FY2023
Net income
$199 million
-70.9% on the year
FY2016FY2023
Diluted EPS
$1.44
-71.0% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
1,187
992
1,031
+19.7%
Capital expenditure
207
129
104
+60.5%
Free cash flow
980
863
927
+13.6%
Free cash flow margin
6.3%
6.0%
6.7%
Cash from investing
-211
-313
-730
Cash from financing
-715
-865
-113
Depreciation and amortisation
331
333
325
-0.6%
Share-based compensation
77.0
73.0
67.0
+5.5%
Buybacks
225
0.0
237
Dividends paid
201
199
199
+1.0%
Dividend per share
$1.46
$1.44
$1.40
+1.4%
Diluted shares, weighted
138m
138m
143m
0.0%
Shares outstanding at period end
136m
137m
140m
-0.9%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
4,201
4,299
4,291
-2.3%
Non-controlling interest
57.0
54.0
53.0
+5.6%
Debt
4,682
4,920
5,076
-4.8%
Operating lease liabilities
516
570
589
-9.5%
Finance lease liabilities
73.0
38.0
43.0
+92.1%
Other liabilities
3,166
3,190
3,209
-0.8%
Total liabilities and equity
12,695
13,071
13,261
-2.9%
Fixed assets
n/a
n/a
670
Goodwill
6,112
6,696
6,744
-8.7%
Intangible assets
667
952
1,177
-29.9%
Cash and equivalents
641
516
727
+24.2%
Receivables
2,429
2,350
2,189
+3.4%
Inventory
310
287
274
+8.0%
Other assets
2,536
2,270
1,480
+11.7%
Total assets
12,695
13,071
13,261
-2.9%
10-K for the year ended 29 December 2023, filed 13 February 2024: the filing.