LDOS · 10-Q · 2026Q4 · Full report

Operating Cash Flow Trends

Leidos Holdings, Inc. · 2026-11-03 · Importance 47 · Surprise 48

Net cash provided by operating activities increased $362 million to $1.617 billion for the nine months ended October 2, 2026. The improvement primarily reflected favorable working-capital changes and $148 million of lower tax payments. In the third quarter, operating cash flow decreased $188 million year over year because of unfavorable working-capital timing, including vendor payments, and the timing of payroll and employee-benefit payments.

Key facts

• Nine-month net cash provided by operating activities increased $362 million year over year, primarily due to favorable working-capital changes and $148 million lower tax payments. source
• Three-month net cash provided by operating activities decreased $188 million year over year, primarily due to unfavorable working-capital changes, including vendor payment timing, and payroll and employee-benefit payment timing. source