| Jan'20 | Dec'18 | Dec'17 | Dec'16 | Jan'16 | Jan'15 | Jan'15 | Jan'14 | Jan'13 | Jan'12 | Jan'11 | Jan'10 | Jan'09 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operations: | ||||||||||||
Net income | ||||||||||||
670,000 | 582,000 | 364,000 | 246,000 | 242,000 | -323,000 | -334,000 | 164,000 | 525,000 | 59,000 | 619,000 | 496,000 | 452,000 |
Income from discontinued operations | ||||||||||||
- | - | - | - | -1,000 | 7,000 | -11,000 | 80,000 | 202,000 | 294,000 | 72,000 | 17,000 | 5,000 |
Adjustments to reconcile net income to net cash provided by operations: | ||||||||||||
Gain on sale of business | ||||||||||||
88,000 | 0 | 0 | - | - | - | - | - | - | - | - | - | - |
Depreciation and amortization | ||||||||||||
234,000 | 257,000 | 336,000 | 122,000 | 41,000 | 62,000 | 58,000 | 80,000 | 90,000 | 88,000 | 110,000 | 90,000 | 89,000 |
Amortization of equity method investments | ||||||||||||
11,000 | 10,000 | 14,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Stock-based compensation | ||||||||||||
52,000 | 44,000 | 43,000 | 35,000 | 30,000 | 42,000 | 40,000 | 55,000 | 53,000 | 55,000 | 99,000 | 103,000 | 94,000 |
Deferred income taxes | ||||||||||||
18,000 | -49,000 | 132,000 | - | - | - | - | 38,000 | -67,000 | 8,000 | -9,000 | 19,000 | -4,000 |
Excess tax benefits from stock-based compensation | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 11,000 | 36,000 | 56,000 |
Intangible asset impairment charges | ||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 4,000 | - | - |
Restructuring charges | ||||||||||||
- | - | - | - | - | - | - | 17,000 | 2,000 | 0 | - | - | - |
Gain on a real estate sale | ||||||||||||
- | - | - | - | 82,000 | 0 | 0 | -2,000 | - | - | - | - | - |
Bad debt expense | ||||||||||||
12,000 | 0 | 10,000 | 3,000 | 8,000 | - | - | - | 2,000 | 0 | - | - | - |
Non-cash interest (income) expense | ||||||||||||
-10,000 | 6,000 | 12,000 | - | - | - | - | - | - | - | - | - | - |
Goodwill impairment charges | ||||||||||||
- | - | - | - | - | 486,000 | 486,000 | 0 | 0 | - | - | - | - |
Asset impairment charges | ||||||||||||
0 | 7,000 | 0 | 4,000 | 33,000 | 81,000 | 41,000 | 51,000 | 0 | - | - | 7,000 | 29,000 |
Non-cash interest expense | ||||||||||||
- | - | - | 4,000 | 1,000 | - | - | - | - | - | - | - | - |
Promissory note impairment | ||||||||||||
0 | 0 | 33,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Net gain on sales and disposals of assets | ||||||||||||
- | - | - | - | - | - | - | - | - | 27,000 | 5,000 | 8,000 | - |
Other | ||||||||||||
-2,000 | -2,000 | -9,000 | 7,000 | 3,000 | 8,000 | 4,000 | 44,000 | 2,000 | 1,000 | -1,000 | 1,000 | -3,000 |
Change in assets and liabilities, net of effects of acquisitions and dispositions: | ||||||||||||
Receivables | ||||||||||||
-116,000 | 58,000 | 191,000 | -123,000 | 19,000 | -162,000 | -68,000 | 69,000 | -218,000 | 112,000 | 18,000 | 110,000 | -4,000 |
Inventory, prepaid expenses and other current assets | ||||||||||||
- | - | - | - | 14,000 | 12,000 | -6,000 | -44,000 | -5,000 | 52,000 | 29,000 | -54,000 | 82,000 |
Other current assets and other long-term assets | ||||||||||||
49,000 | -56,000 | -36,000 | - | - | - | - | -18,000 | 9,000 | 23,000 | 2,000 | -2,000 | 3,000 |
Other current assets | ||||||||||||
44,000 | 73,000 | 76,000 | 98,000 | - | - | - | - | - | - | - | - | - |
Accounts payable and accrued liabilities | ||||||||||||
116,000 | -46,000 | 152,000 | -25,000 | 102,000 | -43,000 | -41,000 | -87,000 | -694,000 | 692,000 | -16,000 | -24,000 | 67,000 |
Accrued payroll and employee benefits | ||||||||||||
-29,000 | -12,000 | 8,000 | 26,000 | 5,000 | -21,000 | 10,000 | -66,000 | 27,000 | 11,000 | 24,000 | 16,000 | -73,000 |
Income taxes receivable/payable | ||||||||||||
34,000 | 10,000 | -283,000 | 36,000 | 81,000 | -31,000 | 37,000 | 54,000 | -58,000 | 5,000 | 6,000 | 21,000 | 43,000 |
Other long-term liabilities | ||||||||||||
-53,000 | 32,000 | -73,000 | - | - | - | - | 2,000 | 0 | 7,000 | -9,000 | 12,000 | 23,000 |
Other long-term assets/liabilities | ||||||||||||
- | - | - | 20,000 | 44,000 | 8,000 | 1,000 | - | - | - | - | - | - |
Proceeds on obligations of Leidos Holdings, Inc. | ||||||||||||
- | - | - | - | - | - | - | - | 0 | - | - | - | - |
Payments on obligations of Leidos Holdings, Inc. | ||||||||||||
- | - | - | - | - | - | - | - | 0 | - | - | - | - |
Net cash provided by operating activities | ||||||||||||
992,000 | 768,000 | 526,000 | 449,000 | 382,000 | 396,000 | 385,000 | 191,000 | 24,000 | 400,000 | 710,000 | 588,000 | 583,000 |
Cash flows from investing activities: | ||||||||||||
Proceeds from disposition of businesses | ||||||||||||
178,000 | 0 | 0 | 23,000 | 27,000 | 0 | 0 | 0 | - | - | - | - | - |
Acquisition of business, net of cash acquired | ||||||||||||
94,000 | 81,000 | 0 | -25,000 | 0 | 0 | 0 | 3,000 | 483,000 | 218,000 | 382,000 | 256,000 | 201,000 |
Payments for property, equipment and software | ||||||||||||
121,000 | 73,000 | 81,000 | 29,000 | 27,000 | 29,000 | 29,000 | 53,000 | 39,000 | 56,000 | 73,000 | 58,000 | 59,000 |
Net proceeds of cost method investments | ||||||||||||
- | - | - | - | - | - | - | 12,000 | 0 | 2,000 | - | - | - |
Proceeds from disposition of business | ||||||||||||
- | - | - | - | - | - | - | 295,000 | 0 | 0 | - | - | - |
Payments on accrued purchase price related to prior acquisition | ||||||||||||
- | - | - | - | 13,000 | 0 | 0 | 0 | -1,000 | 4,000 | - | 2,000 | 3,000 |
Net proceeds from sale of assets | ||||||||||||
96,000 | 0 | 8,000 | 3,000 | 79,000 | 0 | 0 | 65,000 | 2,000 | 78,000 | 10,000 | 12,000 | - |
Collections on promissory notes | ||||||||||||
5,000 | 40,000 | 2,000 | 4,000 | - | 0 | 0 | - | - | - | - | - | - |
Proceeds from U.S. Treasury cash grant | ||||||||||||
- | - | - | - | - | 80,000 | 80,000 | 0 | 0 | - | - | - | - |
Contribution paid related to the separation of New SAIC | ||||||||||||
- | - | - | - | - | - | - | 26,000 | 0 | 0 | - | - | - |
Other | ||||||||||||
-1,000 | 0 | 0 | - | -4,000 | - | - | -7,000 | 0 | 1,000 | - | 2,000 | -14,000 |
Net cash (used in) provided by investing activities | ||||||||||||
65,000 | -114,000 | -71,000 | 26,000 | 70,000 | 51,000 | 51,000 | 297,000 | -519,000 | -199,000 | -445,000 | -306,000 | -249,000 |
Cash flows from financing activities: | ||||||||||||
Payment of tax indemnification liability | ||||||||||||
0 | 23,000 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Payments for deferred financing costs | ||||||||||||
- | - | - | - | - | - | - | 5,000 | 0 | 0 | - | - | - |
Payment from New SAIC for deferred financing costs | ||||||||||||
- | - | - | - | - | - | - | 5,000 | 0 | 0 | - | - | - |
Sale Leaseback Transaction, Gross Proceeds, Financing Activities | ||||||||||||
- | 14,000 | 0 | 0 | - | - | - | 38,000 | 0 | 0 | - | - | - |
Payments for non-controlling interest acquired | ||||||||||||
- | - | - | 0 | - | - | - | - | - | - | - | - | - |
Payments on real estate financing transaction | ||||||||||||
- | - | - | - | 8,000 | 0 | 0 | 0 | - | - | - | - | - |
Proceeds from debt issuance | ||||||||||||
- | - | - | 690,000 | 0 | 0 | 0 | 500,000 | 0 | 0 | 742,000 | - | - |
Payments of long-term debt | ||||||||||||
80,000 | 59,000 | 209,000 | 277,000 | 39,000 | 177,000 | 154,000 | 152,000 | 550,000 | 1,000 | 3,000 | 18,000 | 113,000 |
Payments for debt issuance costs | ||||||||||||
- | - | - | 30,000 | 0 | 0 | 0 | - | - | - | - | - | - |
Special cash dividend payment | ||||||||||||
- | - | - | 993,000 | 0 | 0 | 0 | 477,000 | 165,000 | 0 | - | - | - |
Dividend payments | ||||||||||||
198,000 | 198,000 | 198,000 | 142,000 | 93,000 | 95,000 | 72,000 | - | - | - | - | - | - |
Repurchases of stock and other | ||||||||||||
458,000 | 438,000 | 31,000 | 24,000 | 118,000 | 215,000 | 213,000 | 319,000 | 22,000 | 471,000 | 601,000 | 474,000 | 445,000 |
Distribution of debt to New SAIC | ||||||||||||
- | - | - | - | - | - | - | 500,000 | 0 | 0 | - | - | - |
Proceeds from issuances of stock | ||||||||||||
27,000 | 14,000 | 13,000 | 25,000 | 6,000 | 7,000 | 7,000 | 13,000 | 19,000 | 27,000 | 38,000 | 58,000 | 76,000 |
Excess tax benefits from stock-based compensation | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 11,000 | 36,000 | 56,000 |
Other | ||||||||||||
0 | -17,000 | -4,000 | 0 | 1,000 | 2,000 | 1,000 | 3,000 | 0 | -2,000 | - | - | -1,000 |
Net (decrease) increase in cash, cash equivalents and restricted cash from continuing operations | ||||||||||||
- | - | - | -276,000 | 201,000 | -31,000 | 5,000 | -406,000 | -1,213,000 | -246,000 | 452,000 | -116,000 | -93,000 |
Net cash provided by (used in) financing activities | ||||||||||||
-709,000 | -707,000 | -429,000 | -751,000 | -251,000 | -478,000 | -431,000 | -894,000 | -718,000 | -447,000 | 187,000 | -398,000 | -427,000 |
Cash flows from discontinued operations: | ||||||||||||
Net decrease in cash, cash equivalents and restricted cash from discontinued operations | ||||||||||||
- | - | - | - | -7,000 | 15,000 | -5,000 | 118,000 | 320,000 | 314,000 | 4,000 | 35,000 | -41,000 |
Net cash used in investing activities of discontinued operations | ||||||||||||
- | - | - | -1,000 | 6,000 | 29,000 | 29,000 | -17,000 | 42,000 | 157,000 | 51,000 | 1,000 | -10,000 |
Cash used in financing activities of discontinued operations | ||||||||||||
- | - | - | - | - | - | - | - | -4,000 | -2,000 | - | - | - |
Net decrease in cash, cash equivalents and restricted cash from discontinued operations | ||||||||||||
- | - | - | -1,000 | -1,000 | 44,000 | 24,000 | 101,000 | 358,000 | 469,000 | 55,000 | 36,000 | -51,000 |
Net (decrease) increase in cash, cash equivalents and restricted cash | ||||||||||||
348,000 | -53,000 | 26,000 | -277,000 | 200,000 | 13,000 | 29,000 | -305,000 | -855,000 | 224,000 | 506,000 | -75,000 | -160,000 |
Effect of foreign currency exchange rate changes on cash and cash equivalents | ||||||||||||
- | - | - | - | - | - | - | - | - | 1,000 | -1,000 | 5,000 | -16,000 |