Income StatementBalance SheetCash FlowSegments
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Leidos Holdings Cash Flow Statement

Operating, investing, and financing cash movements

Leidos Holdings generated $2.0B in operating cash flow over the trailing twelve months. After $134.0M in capital expenditures, free cash flow was $1.9B. Free cash flow increased 0.5% year-over-year. Based on the Q2 2026 filing.

Net Cash From Operating (TTM)$2.0BNet Cash From Investing (TTM)-$2.7BNet Cash From Financing (TTM)$358.0MCapital Expenditures (TTM)$134.0MDepreciation And Amortization Cf (TTM)$293.0MNet Change In Cash (TTM)-$386.0M
Latest FilingQ2 2026
Report Date2026-05-05
Market Cap$16.6B
P/E Ratio11.71
ROE30.49%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other non-cash income (expense)-$39.0M$1.0M-$1.0M-$3.0M-$6.0M-$10.0M
Change in accrued liabilities—-$148.0M$155.0M-$17.0M$11.0M-$154.0M
Change in income taxes payable/receivable-$66.0M$121.0M-$199.0M$0.0-$81.0M$101.0M
Change in other assets$0.0$27.0M$7.0M-$60.0M—-$3.0M
Other working capital changes-$39.0M$1.0M-$1.0M-$3.0M-$6.0M-$10.0M
Change in receivables—$246.0M—$61.0M—$160.0M
Deferred income taxes-$2.0M-$24.0M$224.0M$88.0M$81.0M-$8.0M
Depreciation and amortization$79.0M$69.0M$72.0M$74.0M$75.0M$72.0M
Other Non-Cash Income (Expense)-$39.0M$1.0M-$1.0M-$3.0M-$6.0M-$10.0M
Other Non-cash Income (Expense)-$39.0M$1.0M-$1.0M-$3.0M-$6.0M-$10.0M
Other Non-cash Income (Expense)-$39.0M$1.0M-$1.0M-$3.0M-$6.0M-$10.0M
Net cash from operating activities$294.0M$58.0M$486.0M$711.0M$495.0M$301.0M
Net income$282.0M$365.0M$393.0M$369.0M$335.0M$335.0M
Other non-cash income (expense)-$39.0M$1.0M-$1.0M-$3.0M-$6.0M-$10.0M
Loss on pension plan settlement—$0.0———$23.0M
Accounts payable and accrued liabilities and other long-term liabilities-$16.0M-$72.0M-$188.0M—-$200.0M$54.0M
Accrued compensation and employee benefits—-$148.0M$155.0M-$17.0M$11.0M-$154.0M
Increase (Decrease) in Other Operating Assets$0.0$27.0M$7.0M-$60.0M—-$3.0M
Other Noncash Income (Expense)-$39.0M$1.0M-$1.0M-$3.0M-$6.0M-$10.0M
Other Non-cash Income and Expense-$39.0M$1.0M-$1.0M-$3.0M-$6.0M-$10.0M
Other Non-Cash Adjustments-$39.0M$1.0M-$1.0M-$3.0M-$6.0M-$10.0M
Other Non-Cash Income and Expense-$39.0M$1.0M-$1.0M-$3.0M-$6.0M-$10.0M
Stock-based compensation$26.0M$21.0M$25.0M$26.0M$23.0M$25.0M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from Sales of Business Affiliate and Productive Assets—$0.0———$4.0M
Acquisitions, net of cash acquired$0.0$0.0$285.0M$7.0M$1.0M$2.3B
Capital expenditures$86.0M$22.0M$29.0M$31.0M$43.0M$31.0M
Payment for (Proceeds from) Other Investing Activity—$0.0$0.0-$2.0M-$2.0M-$6.0M
Divestitures and asset sales—$0.0———$4.0M
Net cash from investing activities-$86.0M-$22.0M-$314.0M-$36.0M-$33.0M-$2.4B
Other investing activities—$0.0$0.0-$2.0M—-$6.0M
Proceeds from sale of businesses-$2.0M$0.0$0.0——$4.0M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from commercial paper notes—$0.0———$300.0M
Proceeds from Commercial Paper—$0.0———$300.0M
Net change in commercial paper—$0.0———$300.0M
Proceeds from issuance of debt$0.0$997.0M———$1.4B
Repayments of debt$4.0M$529.0M$30.0M$455.0M$5.0M$5.0M
Distributions to noncontrolling interests-$3.0M-$5.0M-$2.0M-$2.0M-$7.0M-$2.0M
Dividends paid$53.0M$53.0M$52.0M$51.0M$55.0M$55.0M
Payments For Repurchase Of Equity$406.0M$528.0M$9.0M$102.0M$305.0M$243.0M
Payments Of Debt Issuance Costs$0.0$7.0M———$15.0M
Payments of Ordinary Dividends$53.0M$53.0M$52.0M$51.0M$55.0M$55.0M
Proceeds from Issuance of Commercial Paper—$0.0———$300.0M
Proceeds from issuances of debt$0.0$997.0M———$1.4B
Proceeds from issuance of shares$27.0M$15.0M$16.0M$16.0M$15.0M$16.0M
Proceeds From Payments To Minority Shareholders-$3.0M-$5.0M-$2.0M-$2.0M-$7.0M-$2.0M
Repayment of Long-Term Debt, Long-Term Lease Obligation, and Capital Security$4.0M$529.0M$30.0M$455.0M$5.0M$5.0M
Net cash from financing activities-$440.0M-$110.0M-$83.0M-$595.0M-$357.0M$1.4B
Payment of debt issuance costs$0.0$7.0M———$15.0M
Proceeds from issuance of common stock$27.0M$15.0M$16.0M$16.0M$15.0M$16.0M
Repurchases of common stock$406.0M$528.0M$9.0M$102.0M$305.0M$243.0M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
ROU assets obtained - finance leases$0.0$0.0———$1.0M
Income taxes paid$184.0M-$4.0M$166.0M$17.0M$97.0M-$5.0M
Interest paid$59.0M$51.0M$49.0M$77.0M$43.0M$68.0M
Property, plant and equipment additions$0.0$0.0$4.0M$0.0$1.0M$1.0M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$208.0M$36.0M$457.0M$680.0M$452.0M$270.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$15.0M$7.0M$7.0M—$2.0M-$1.0M
Net increase (decrease) in cash—-$67.0M$96.0M$77.0M$107.0M-$666.0M