Attached files
| file | filename |
|---|---|
| EX-99.2 - UPDATED MANAGEMENT DISCUSSION AND ANALYSIS - Perspecta Inc. | ex992mdasegmentrecast.htm |
| EX-99.3 - UPDATED FINANCIAL STATEMENTS - Perspecta Inc. | ex993historicalfswithsegme.htm |
| EX-99.1 - UPDATED DESCRIPTION OF BUSINESS - Perspecta Inc. | ex991businesswithsegmentre.htm |
| EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - Perspecta Inc. | consentofdeloitte.htm |
| 8-K - FORM 8-K - Perspecta Inc. | form8-khistoricalsegmentre.htm |
Exhibit 99.4
SELECTED QUARTERLY FINANCIAL DATA BY SEGMENT
Segment Measures
The following tables summarize operating results regularly provided to the Company's chief operating decision maker by reportable segment and a reconciliation to the financial statements:
Revenue
Our quarterly revenue by reportable segment is as follows:
Three Months Ended (Unaudited) | ||||||||||||||||
(in millions) | March 31, 2018 | December 31, 2017 | September 30, 2017 | June 30, 2017 | ||||||||||||
Defense and Intelligence | $ | 365 | $ | 374 | $ | 357 | $ | 320 | ||||||||
Civilian and Health Care | 350 | 348 | 349 | 356 | ||||||||||||
Total Revenue | $ | 715 | $ | 722 | $ | 706 | $ | 676 | ||||||||
Segment Profit
Our quarterly segment profit by reportable segment is as follows:
Three Months Ended (Unaudited) | ||||||||||||||||
(in millions) | March 31, 2018 | December 31, 2017 | September 30, 2017 | June 30, 2017 | ||||||||||||
Defense and Intelligence | $ | 51 | $ | 31 | $ | 27 | $ | 23 | ||||||||
Civilian and Health Care | 42 | 48 | 53 | 46 | ||||||||||||
Total Segment Profit | $ | 93 | $ | 79 | $ | 80 | $ | 69 | ||||||||
Total Assets by Segment
Management does not use total assets by segment to evaluate segment performance or allocate resources. As a result, assets are not tracked by segment and therefore, total assets by segment is not disclosed.
Reconciliation of Reportable Segment Profit to the Consolidated Statement of Operations
The Company's management uses segment profit as the measure for assessing performance of its segments. Segment profit is defined as segment revenue less segment cost of services, selling, general and administrative, and depreciation and amortization. The Company does not allocate to its segments certain operating expenses managed at the corporate level. These unallocated costs include certain corporate function costs including interest expense, restructuring costs, stock-based compensation and transaction and integration-related costs.
Three Months Ended (Unaudited) | ||||||||||||||||
(in millions) | March 31, 2018 | December 31, 2017 | September 30, 2017 | June 30, 2017 | ||||||||||||
Total profit for reportable segments | $ | 93 | $ | 79 | $ | 80 | $ | 69 | ||||||||
Less: | ||||||||||||||||
Interest expense | 5 | — | 5 | 2 | ||||||||||||
Restructuring costs | 4 | 3 | 4 | 3 | ||||||||||||
Stock based compensation | 2 | 4 | (1 | ) | 1 | |||||||||||
Transaction and integration-related costs | 46 | 27 | 6 | 11 | ||||||||||||
Income before taxes | $ | 36 | $ | 45 | $ | 66 | $ | 52 | ||||||||
1
Depreciation and Amortization
Our quarterly depreciation and amortization expense by reportable segment is as follows:
Three Months Ended (Unaudited) | ||||||||||||||||
(in millions) | March 31, 2018 | December 31, 2017 | September 30, 2017 | June 30, 2017 | ||||||||||||
Defense and Intelligence | $ | 16 | $ | 21 | $ | 15 | $ | 18 | ||||||||
Civilian and Health Care | 35 | 25 | 18 | 19 | ||||||||||||
Total Depreciation and Amortization | $ | 51 | $ | 46 | $ | 33 | $ | 37 | ||||||||
2