LDOS · 8-K · 20260804PR000243
Liquidity and Debt Position
Leidos Holdings, Inc. · 2026-08-04 · Importance 69 · Surprise 64 · No source text
Leidos generated $793 million of operating cash flow and $761 million of free cash flow in the second quarter, compared with $486 million and $457 million, respectively, in the prior-year quarter. The company used $300 million to repay commercial paper during the quarter. Cash and cash equivalents totaled $748 million at July 3, 2026, down from $1.108 billion at January 2, 2026. Total debt increased to approximately $6.0 billion from $4.65 billion at year-end, while six-month cash flows included $1.397 billion of debt issuance.
Key facts
- Total liabilities were $10,296 million at July 3, 2026 compared to $8,531 million at January 2, 2026 source
- Total assets were $15,632 million at July 3, 2026 compared to $13,493 million at January 2, 2026 source
- As of July 3, 2026, Leidos had $748 million in cash and cash equivalents and $6.0 billion of debt source
- Total stockholders' equity was $5,336 million at July 3, 2026 compared to $4,962 million at January 2, 2026 source
- Receivables, net increased to $2,968 million at July 3, 2026 from $2,708 million at January 2, 2026 source
- Cash Flows from Operations of $793 million for the three months ended July 3, 2026 source
- Non-GAAP Free Cash Flow of $761 million for the three months ended July 3, 2026 source
- Net cash provided by operating activities for the quarter was $793 million resulting in an operating cash flow conversion ratio of 224% source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | realized | +13.7% | Total assets were $15,632 million at July 3, 2026 compared to $13,493 million at January 2, 2026 |
| liability | negative | realized | -11.3% | Total liabilities were $10,296 million at July 3, 2026 compared to $8,531 million at January 2, 2026 |
| cash | positive | realized | — | As of July 3, 2026, Leidos had $748 million in cash and cash equivalents and $6.0 billion of debt |
| liability | negative | realized | — | As of July 3, 2026, Leidos had $748 million in cash and cash equivalents and $6.0 billion of debt |
| assets | positive | realized | — | Total stockholders' equity was $5,336 million at July 3, 2026 compared to $4,962 million at January 2, 2026 |
| assets | positive | realized | — | Receivables, net increased to $2,968 million at July 3, 2026 from $2,708 million at January 2, 2026 |