LEIDOS HOLDINGS, INC. UNAUDITED NON-GAAP FINANCIAL MEASURES [CONTINUED] (in millions, except per share amounts)
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Quarter Ended July 1, 2016 | ||||||||||||||||||||||
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As reported |
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Acquisition and integration costs |
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Amortization of intangibles |
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Restructuring expenses |
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Loss (gain) on sale of assets and businesses |
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Non-GAAP results | ||||||||||||
Operating income |
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$ |
75 |
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$ |
15 |
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$ |
2 |
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$ |
1 |
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$ |
— |
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$ |
93 |
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Non-operating expense, net |
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(15) |
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— |
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— |
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— |
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(3) |
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(18) |
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Income from continuing operations, before income taxes |
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60 |
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15 |
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2 |
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1 |
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(3) |
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75 |
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Income tax expense1 |
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(19) |
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(6) |
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(1) |
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— |
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1 |
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(25) |
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Net income |
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$ |
41 |
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$ |
9 |
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$ |
1 |
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$ |
1 |
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$ |
(2) |
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$ |
50 |
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Diluted EPS attributable to Leidos common stockholders |
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$ |
0.55 |
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$ |
0.13 |
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$ |
0.01 |
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$ |
0.01 |
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$ |
(0.02) |
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$ |
0.68 |
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Diluted shares |
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74 |
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74 |
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74 |
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74 |
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74 |
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74 |
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(1) Calculation uses an estimated statutory tax rate on non-GAAP tax deductible adjustments. |
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