Perspecta inc. (PRSP)
Balance Sheet / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18
ASSETS
Current assets:
Cash and cash equivalents at end of period

69

122

179

88

100

126

201

0

Receivables, net of allowance for doubtful accounts of $1 and $0

526

570

480

484

487

535

508

354

Other receivables

45

33

44

92

58

122

135

0

Prepaid expenses

115

102

111

141

158

173

116

74

Assets held for sale

-

49

-

-

-

-

-

-

Deferred costs

-

-

-

-

-

-

71

-

Deferred contract costs

-

-

-

-

40

49

-

21

Other current assets

89

58

81

73

-

-

-

0

Total current assets

844

934

895

878

843

1,005

1,031

449

Property and equipment, net of accumulated depreciation of $182 and $148

326

333

350

368

354

363

342

290

Goodwill

3,294

3,295

3,179

3,179

3,272

3,273

3,272

2,022

Intangible assets, net of accumulated amortization of $460 and $299

1,422

1,478

1,407

1,466

1,406

1,441

1,490

897

Other assets

303

279

287

192

191

199

195

21

Total assets

6,189

6,319

6,118

6,083

6,066

6,281

6,330

3,679

LIABILITIES and STOCKHOLDERS’ EQUITY
Current liabilities:
Current maturities of long-term debt

88

87

80

80

79

80

81

0

Current finance lease obligations

116

119

132

137

140

146

163

160

Current operating lease obligations

41

40

53

-

-

-

-

-

Accounts payable

206

285

242

246

268

245

206

195

Accrued payroll and related costs

146

131

106

91

94

78

102

17

Accrued expenses

372

344

355

396

356

508

519

137

Contract with Customer, Liability, Current

-

-

-

-

28

77

75

53

Other current liabilities

58

72

67

64

-

-

-

43

Income taxes payable

-

-

-

-

48

34

30

-

Total current liabilities

1,027

1,078

1,035

1,014

1,013

1,168

1,176

605

Long-term debt, net of current maturities

2,294

2,435

2,277

2,297

2,384

2,415

2,463

0

Non-current finance lease obligations

155

164

161

168

149

155

140

144

Non-current deferred revenue and advance contract payments

-

-

-

-

-

8

10

-

Deferred tax liabilities

171

143

157

171

111

125

133

176

Other long-term liabilities

336

336

333

271

212

207

206

25

Total liabilities

3,983

4,156

3,963

3,921

3,869

4,078

4,128

950

Commitments and contingencies

-

-

-

-

-

0

0

-

Stockholders’ equity:
Parent company investment, prior to Spin-Off

-

-

-

-

-

-

-

2,729

Common stock, par value $0.01 per share; 750,000,000 shares authorized; 166,218,067 and 165,844,994 shares issued; 161,532,459 and 163,099,080 shares outstanding

2

2

2

2

2

2

2

0

Additional paid-in capital

2,264

2,257

2,247

2,242

2,224

2,219

2,221

0

Retained earnings

85

42

23

2

29

0

-20

0

Accumulated other comprehensive loss

-37

-44

-41

-23

-13

5

-1

0

Treasury stock at cost, 4,685,608 shares and 2,745,914 shares

108

94

76

61

45

23

-

0

Stockholders' Equity Attributable to Parent

2,206

2,163

2,155

2,162

2,197

2,203

2,202

2,729

Total liabilities and stockholders’ equity

6,189

6,319

6,118

6,083

6,066

6,281

6,330

3,679