8 results
10-Q
2025 Q1
AMTM
Amentum Holdings, Inc.
5 Feb 25
Quarterly report
4:36pm
(in millions)
| Three Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| December 27, 2024 | December 29, 2023 | Cash flows from operating activities | Net income (loss) | $ | 21 | $ | (39) | Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | Depreciation | 9 | 7 | Amortization of intangibles | 120 | 56 | Amortization of deferred loan costs and original issue discount | 3 | 5 | Derivative instruments | 3 | 15 | Equity earnings of non-consolidated subsidiaries | (21) | (15) | Distributions from equity method investments | 21 | 17 | Deferred income taxes | (15) | (12) | Equity-based compensation | 3 | 1 | Other | (1) | (2) | Changes in assets and liabilities, net of effects of business acquisition: | Accounts receivable, net | (27) | (103) | Prepaid expenses and other assets | 35 | 8 | Accounts payable, contract liabilities, and other current liabilities | (31) | (27) | Accrued employee compensation and benefits | (6) | 8 | Other long-term liabilities | (4) | (2) | Net cash provided by (used in) operating activities | 110 | (83) | Cash flows from investing activities | Payments for property and equipment | (8) | (2) | Contributions to equity method investments | (1) | — | Other | 1 | (1) | Net cash used in investing activities | (8) | (3) | Cash flows from financing activities | Borrowings on revolving credit facilities | 210 | 200 | Payments on revolving credit facilities | (210) | (200) | Repayments of borrowings under the credit agreement | — | (8) | Repayments of borrowings under other agreements | (2) | (3) | Distributions to non-controlling interests | (13) | (1) | Other | (1) | (2) | Net cash used in financing activities | (16) | (14) | Effect of exchange rate changes on cash | (16) | 6 | Net change in cash and cash equivalents | 70 | (94) | Cash and cash equivalents, beginning of period | 452 | 305 | Cash and cash equivalents, end of period | $ | 522 | $ | 211 | Supplemental disclosure of cash flow information | Income (taxes paid) tax refunds received, net of receipts | $ | (6) | $ | 2 | Interest paid | $ | (39) | $ | (94) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-Q
2025 Q1
AMTM
Amentum Holdings, Inc.
5 Feb 25
Quarterly report
4:36pm
| December 27, 2024 | September 27, 2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ASSETS | Current assets: | Cash and cash equivalents | $ | 522 | $ | 452 | Accounts receivable, net | 2,405 | 2,401 | Prepaid expenses and other current assets | 213 | 231 | Total current assets | 3,140 | 3,084 | Property and equipment, net | 140 | 144 | Equity method investments | 124 | 123 | Goodwill | 5,588 | 5,556 | Intangible assets, net | 2,503 | 2,623 | Other long-term assets | 424 | 444 | Total assets | $ | 11,919 | $ | 11,974 | LIABILITIES | Current liabilities: | Current portion of long-term debt | $ | 44 | $ | 36 | Accounts payable | 726 | 764 | Accrued compensation and benefits | 691 | 696 | Contract liabilities | 143 | 113 | Other current liabilities | 367 | 356 | Total current liabilities | 1,971 | 1,965 | Long-term debt, net of current portion | 4,636 | 4,643 | Deferred tax liabilities | 347 | 370 | Other long-term liabilities | 402 | 444 | Total liabilities | 7,356 | 7,422 | Commitments and contingencies (Note 14) | |||||||||||||||||||||||||||||||||
| SHAREHOLDERS' EQUITY | Common stock, $0.01 par value, 1,000,000,000 shares authorized; 243,302,257 shares issued and outstanding at December 27, 2024 and 243,302,173 shares issued and outstanding at September 27, 2024. | 2 | 2 | Additional paid-in capital | 4,965 | 4,962 | Retained deficit | (515) | (527) | Accumulated other comprehensive income | 23 | 23 | Total Amentum shareholders' equity | 4,475 | 4,460 | Non-controlling interests | 88 | 92 | Total shareholders' equity | 4,563 | 4,552 | Total liabilities and shareholders' equity | $ | 11,919 | $ | 11,974 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-K
2024 FY
AMTM
Amentum Holdings, Inc.
17 Dec 24
Annual report
4:35pm
The following tables provide reconciliations of the changes in the Defined Benefit Pension Plans benefit obligations, reconciliations of the changes in the fair value of assets for the years ended September 27, 2024, September 29, 2023 and September 30, 2022 and reconciliations of the funded status as of September 27, 2024 and September 29, 2023.
| For the years ended | (Amounts in millions) | September 27, 2024 | September 29, 2023 | September 30, 2022 | Change in benefit obligation | Benefit obligation at beginning of period | $ | 292 | $ | 310 | $ | 422 | Interest cost | 17 | 16 | 9 | Benefits paid from the plans | (22) | (21) | (21) | Actuarial (gain) loss | 26 | (13) | (100) | Benefit obligation at end of period | $ | 313 | $ | 292 | $ | 310 | ||||||||||||||||||||||||||||||||||||||||||||
10-K
2024 FY
AMTM
Amentum Holdings, Inc.
17 Dec 24
Annual report
4:35pm
| September 27, 2024 | September 29, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ASSETS | Current assets: | Cash and cash equivalents | $ | 452 | $ | 305 | Accounts receivable, net | 2,401 | 1,440 | Prepaid expenses and other current assets | 231 | 186 | Total current assets | 3,084 | 1,931 | Property and equipment, net | 144 | 85 | Equity method investments | 123 | 104 | Goodwill | 5,556 | 2,891 | Intangible assets, net | 2,623 | 988 | Other long-term assets | 444 | 414 | Total assets | $ | 11,974 | $ | 6,413 | LIABILITIES | Current liabilities: | Current portion of long-term debt | $ | 36 | $ | 45 | Accounts payable | 764 | 560 | Accrued compensation and benefits | 696 | 369 | Contract liabilities | 113 | 120 | Other current liabilities | 356 | 282 | Total current liabilities | 1,965 | 1,376 | Long-term debt, net of current portion | 4,643 | 4,067 | Deferred tax liabilities | 370 | 141 | Other long-term liabilities | 444 | 413 | Total liabilities | 7,422 | 5,997 | Commitments and contingencies (Note 22) | |||||||||||||||||||||||||||||||||
| SHAREHOLDERS' EQUITY | Common stock, $0.01 par value – 1,000,000,000 shares authorized and 243,302,173 shares issued and outstanding at September 27, 2024; no shares authorized, issued or outstanding at September 29, 2023. | 2 | — | Additional paid-in capital | 4,962 | 772 | Retained deficit | (527) | (445) | Accumulated other comprehensive income | 23 | 48 | Total Amentum shareholders' equity | 4,460 | 375 | Non-controlling interests | 92 | 41 | Total shareholders' equity | 4,552 | 416 | Total liabilities and shareholders' equity | $ | 11,974 | $ | 6,413 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-K
2024 FY
AMTM
Amentum Holdings, Inc.
17 Dec 24
Annual report
4:35pm
| For the years ended | (Amounts in millions) | September 27, 2024 | September 29, 2023 | September 30, 2022 | Change in plan assets | Fair value of plan assets at beginning of period | $ | 281 | $ | 271 | $ | 366 | Actual return on plan assets | 55 | 30 | (74) | Employer contributions to plans | 1 | — | — | Benefits paid from the plans | (22) | (20) | (21) | Fair value of plan assets at end of period | $ | 315 | $ | 281 | $ | 271 | ||||||||||||||||||||||||||||||||||||||||||||
10-K
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17 Dec 24
Annual report
4:35pm
10-K
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17 Dec 24
Annual report
4:35pm
10-K
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17 Dec 24
Annual report
4:35pm
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