LEIDOS HOLDINGS, INC.
UNAUDITED NON-GAAP FINANCIAL MEASURES [CONTINUED]
(in millions, except per share amounts)
|
|
Year Ended December 30, 2016 | ||||||||||||||||||||||||||
|
|
As reported |
|
Asset
|
|
Acquisition
|
|
Amortization
|
|
Restructuring
|
|
Gains on
|
|
Non-GAAP
| ||||||||||||||
Operating income |
|
$ |
417 |
|
|
$ |
4 |
|
|
$ |
90 |
|
|
$ |
84 |
|
|
$ |
14 |
|
|
$ |
— |
|
|
$ |
609 |
|
Non-operating expense, net |
|
(99) |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
(5) |
|
|
(104) |
| |||||||
Income before income taxes |
|
318 |
|
|
4 |
|
|
90 |
|
|
84 |
|
|
14 |
|
|
(5) |
|
|
505 |
| |||||||
Income tax (expense) benefit1 |
|
(72) |
|
|
(2) |
|
|
(27) |
|
|
(33) |
|
|
(5) |
|
|
1 |
|
|
(138) |
| |||||||
Net income |
|
246 |
|
|
2 |
|
|
63 |
|
|
51 |
|
|
9 |
|
|
(4) |
|
|
367 |
| |||||||
Less: net income attributable to non-
|
|
2 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
2 |
| |||||||
Net income attributable to Leidos
|
|
$ |
244 |
|
|
$ |
2 |
|
|
$ |
63 |
|
|
$ |
51 |
|
|
$ |
9 |
|
|
$ |
(4) |
|
|
$ |
365 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
Diluted EPS |
|
$ |
2.35 |
|
|
$ |
0.02 |
|
|
$ |
0.60 |
|
|
$ |
0.49 |
|
|
$ |
0.09 |
|
|
$ |
(0.04) |
|
|
$ |
3.51 |
|
Diluted shares |
|
104 |
|
|
104 |
|
|
104 |
|
|
104 |
|
|
104 |
|
|
104 |
|
|
104 |
| |||||||
| ||||||||||||||||||||||||||||
(1) Calculation uses an estimated statutory tax rate on non-GAAP tax deductible adjustments. |