Leidos Holdings, Inc.
Cash Flow Statement
| Line Item | FY2026 | FY2025 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $1.45B | $1.25B | $199.0M | $685.0M | $753.0M | $667.0M | $581.0M | $366.0M |
| Depreciation & Amortization | $290.0M | $290.0M | $331.0M | $333.0M | $325.0M | $234.0M | $257.0M | $336.0M |
| Depreciation | $160.0M | $143.0M | $129.0M | $103.0M | $97.0M | $61.0M | $56.0M | $55.0M |
| Amortization | $130.0M | $147.0M | $202.0M | $230.0M | $228.0M | $173.0M | $201.0M | $281.0M |
| Stock-Based Compensation | $95.0M | $85.0M | $77.0M | $73.0M | $67.0M | $52.0M | $44.0M | $43.0M |
| Net Cash from Operating Activities | $1.75B | $1.44B | $1.19B | $992.0M | $1.03B | $992.0M | $768.0M | $526.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $125.0M | $149.0M | $207.0M | $129.0M | $104.0M | $121.0M | $73.0M | $81.0M |
| Business Acquisitions | $293.0M | $0 | $6.0M | $192.0M | $622.0M | $94.0M | $81.0M | $0 |
| Net Cash from Investing Activities | $-405.0M | $-142.0M | $-211.0M | $-313.0M | $-730.0M | $65.0M | $-114.0M | $-71.0M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | $0 | $0 |
| Stock Repurchases | $400.0M | $850.0M | $225.0M | $0 | $237.0M | $25.0M | $167.0M | $0 |
| Net Cash from Financing Activities | $-1.15B | $-1.08B | $-715.0M | $-865.0M | $-113.0M | $-709.0M | $-707.0M | $-429.0M |
| Net Change in Cash | $213.0M | $199.0M | $267.0M | $-192.0M | $188.0M | $348.0M | $-53.0M | $26.0M |
| Free Cash Flow | $1.63B | $1.29B | $980.0M | $863.0M | $929.0M | $871.0M | $695.0M | $445.0M |