The selected financial data for the five-year period set forth below is derived from our consolidated financial statements. This information should be read in conjunction with "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Part II and our consolidated financial statements and the notes thereto contained within this Annual Report on Form 10-K.
12 Months Ended(1)
11 Months Ended(1)
January 3, 2020**(2)**
December 28, 2018(3)
December 29, 2017(4)
December 30, 2016(5)
January 1, 2016(6)
(in millions, except for per share amounts)
Consolidated Statement of Income Data:
Revenues
$
11,094
$
10,194
$
10,170
$
7,043
$
4,712
Operating income
912
749
559
417
320
Income from continuing operations
670
582
364
246
243
Loss from discontinued operations, net of taxes
—
—
—
—
(1
)
Net income
670
582
364
246
242
Less: net income (loss) attributable to non-controlling interest
3
1
(2
)
2
—
Net income attributable to Leidos common stockholders
$
667
$
581
$
366
$
244
$
242
Earnings per share:
Basic:
Income from continuing operations attributable to Leidos common stockholders
$
4.66
$
3.85
$
2.41
$
2.39
$
3.33
Loss from discontinued operations, net of taxes
—
—
—
—
(0.01
)
Net income attributable to Leidos common stockholders
$
4.66
$
3.85
$
2.41
$
2.39
$
3.32
Diluted:
Income from continuing operations attributable to Leidos common stockholders
$
4.60
$
3.80
$
2.38
$
2.35
$
3.28
Loss from discontinued operations, net of taxes
—
—
—
—
(0.01
)
Net income attributable to Leidos common stockholders
$
4.60
$
3.80
$
2.38
$
2.35
$
3.27
Cash dividend per common share
$
1.32
$
1.28
$
1.28
$
14.92
$
1.28
January 3, 2020
December 28, 2018
December 29, 2017
December 30, 2016
January 1, 2016
(in millions)
Consolidated Balance Sheet Data:
Total assets
$
9,367
$
8,770
$
8,990
$
9,132
$
3,370
Long-term debt, including current portion
2,986
3,124
3,111
3,287
1,081
Other long-term liabilities(7)
182
178
129
204
149
(1)
References to financial data are to the Company's continuing operations, unless otherwise noted.
(2)
Fiscal 2019 reflects the effects from our December 29, 2018 adoption of ASC 842. Fiscal 2019 also includes an $88 million gain on sale related to the divestiture of our commercial cybersecurity business, a $52 million net gain recognized upon the receipt of the Greek arbitration
award and bad debt expense of $12 million. For further information, see "Note 7—Divestitures" and "Note 25—Contingencies" of the notes to the consolidated financial statements contained within this Annual Report on Form 10-K.
(3)
Fiscal 2018 reflects the effects from our December 30, 2017 adoption of ASC 606. Fiscal 2018 also includes acquisition, integration and restructuring costs of $37 million and a tangible asset impairment charge of $7 million. For further information, see "Note 6—Acquisitions," "Note 8—Restructuring Expenses" and "Note 12—Property, Plant and Equipment" of the notes to the consolidated financial statements contained within this Annual Report on Form 10-K.
(4)
Fiscal 2017 includes acquisition, integration and restructuring costs of $139 million. For further information, see "Note 6—Acquisitions" and "Note 8—Restructuring Expenses" of the notes to the consolidated financial statements contained within this Annual Report on Form 10-K.
(5)
Fiscal 2016 includes acquisition, integration and restructuring costs of $104 million.
(6)
Reflects the 11-month period of January 31, 2015, through January 1, 2016, as a result of the change in our fiscal year end. The 11-month period ended January 1, 2016, results include a gain on a real estate sale of $82 million, tangible asset impairment charges of $29 million, intangible asset impairment charges of $4 million and bad debt expense of $8 million.
(7)
Beginning in fiscal 2016, the Company has separately disclosed "Deferred tax liabilities," which was previously aggregated within "Other long-term liabilities" within the consolidated balance sheets. Deferred tax liabilities for the 11-month period ended January 1, 2016 were $34 million.
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