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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 Q1 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 FilingQ1 2026
Report Date2026-05-05
Market Cap$15.4B
P/E Ratio10.87
ROE30.49%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired$0$0$285M$7M$1M$2.3B
Capital expenditures$86M$22M$29M$31M$43M$31M
Payment for (Proceeds from) Other Investing Activity—$0$0-$2M-$2M-$6M
Net cash from investing activities-$86M-$22M-$314M-$36M-$33M-$2.4B
Other investing activities—$0$0-$2M—-$6M
Proceeds from sale of businesses-$2M$0$0——$4M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accrued liabilities—-$148M$155M-$17M$11M-$154M
Change in income taxes payable/receivable-$66M$121M-$199M$0-$81M$101M
Change in other assets$0$27M$7M-$60M—-$3M
Other working capital changes-$39M$1M-$1M-$3M-$6M-$10M
Change in receivables—$246M—$61M—$160M
Deferred income taxes-$2M-$24M$224M$88M$81M-$8M
Depreciation and amortization$79M$69M$72M$74M$75M$72M
Net cash from operating activities$294M$58M$486M$711M$495M$301M
Net income$282M$365M$393M$369M$335M$335M
Loss on pension plan settlement—$0———$23M
Accounts payable and accrued liabilities and other long-term liabilities-$16M-$72M-$188M—-$200M$54M
Accrued compensation and employee benefits—-$148M$155M-$17M$11M-$154M
Increase (Decrease) in Other Operating Assets$0$27M$7M-$60M—-$3M
Other Noncash Income (Expense)-$39M$1M-$1M-$3M-$6M-$10M
Stock-based compensation$26M$21M$25M$26M$23M$25M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net change in commercial paper—$0———$300M
Proceeds from issuance of debt$0$997M———$1.4B
Repayments of debt$4M$529M$30M$455M$5M$5M
Distributions to noncontrolling interests-$3M-$5M-$2M-$2M-$7M-$2M
Dividends paid$53M$53M$52M$51M$55M$55M
Payments For Repurchase Of Equity$406M$528M$9M$102M$305M$243M
Payments Of Debt Issuance Costs$0$7M———$15M
Payments of Ordinary Dividends$53M$53M$52M$51M$55M$55M
Proceeds from Issuance of Commercial Paper—$0———$300M
Proceeds from issuances of debt$0$997M———$1.4B
Proceeds from issuance of shares$27M$15M$16M$16M$15M$16M
Proceeds From Payments To Minority Shareholders-$3M-$5M-$2M-$2M-$7M-$2M
Repayment of Long-Term Debt, Long-Term Lease Obligation, and Capital Security$4M$529M$30M$455M$5M$5M
Net cash from financing activities-$440M-$110M-$83M-$595M-$357M$1.4B
Payment of debt issuance costs$0$7M———$15M
Proceeds from issuance of common stock$27M$15M$16M$16M$15M$16M
Repurchases of common stock$406M$528M$9M$102M$305M$243M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$208M$36M$457M$680M$452M$270M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$15M$7M$7M—$2M-$1M
Net increase (decrease) in cash—-$67M$96M$77M$107M-$666M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income taxes paid$184M-$4M$166M$17M$97M-$5M
Interest paid$59M$51M$49M$77M$43M$68M
Capital Lease Obligations Incurred$0$0———$1M
Property, plant and equipment additions$0$0$4M$0$1M$1M