Science Applications International Corp Files 2024 10-K

TL;DR

<b>Science Applications International Corp. filed its 2024 10-K report</b>, detailing its financial performance and business operations for the fiscal year ending February 2, 2024.

AI Summary

Science Applications International Corp (SAIC) filed a Annual Report (10-K) with the SEC on March 20, 2024. Filed 10-K for the fiscal year ending February 2, 2024. Company name: Science Applications International Corp. Incorporated in Delaware. Primary SIC code: 7373 (Computer Integrated Systems Design). Business and mailing address: 12010 Sunset Hills Road, Reston, VA 20190.

Why It Matters

For investors and stakeholders tracking Science Applications International Corp, this filing contains several important signals. This filing provides a comprehensive overview of SAIC's financial health and strategic direction for investors and analysts. It contains critical information regarding the company's performance, risks, and future outlook.

Risk Assessment

Risk Level: medium — Science Applications International Corp shows moderate risk based on this filing. The filing is a 10-K, which is a standard annual report. While it contains detailed financial information, it does not present immediate, significant positive or negative news that would drastically alter the risk profile without further analysis of the content within the report.

Analyst Insight

Review the detailed financial statements and risk factors within the 10-K to assess SAIC's performance and identify potential investment opportunities or concerns.

Key Numbers

• 2024-02-02 — Fiscal Year End (Conformed period of report)
• 2024-03-20 — Filing Date (Filed as of date)
• 7373 — Standard Industrial Classification (Services-Computer Integrated Systems Design)
• DE — State of Incorporation (State of incorporation)

Key Players & Entities

• Science Applications International Corp (company) — Filer name
• SAIC Gemini, Inc. (company) — Former company name
• 2024-02-02 (date) — Fiscal year end
• 2024-03-20 (date) — Filing date
• Reston, VA (location) — Business address city and state

FAQ

Industry Context

SAIC operates in the government services sector, focusing on technology solutions and IT modernization for defense, intelligence, and federal civilian agencies.

Regulatory Implications

The company is subject to various U.S. federal regulations governing government contracting, cybersecurity, and data privacy.

What Investors Should Do

1. Analyze SAIC's revenue streams and growth trends from the 10-K.
2. Evaluate the company's debt-to-equity ratio and cash position.
3. Scrutinize the risk factors section for potential operational and market challenges.

Year-Over-Year Comparison

This is the initial filing analyzed for the fiscal year ending February 2, 2024. Previous filings would provide comparative data.

Key Financial Figures

• $7.4 billion — ified Contract Base. With approximately $7.4 billion in revenue in fiscal 2024, we are one o

Filing Documents

• saic-20240202.htm (10-K) — 2027KB
• saicexhibit410202202410k.htm (EX-4.1) — 18KB
• saicexhibit210202202410k.htm (EX-21) — 7KB
• saicexhibit2310202202410k.htm (EX-23.1) — 4KB
• saicexhibit3110202202410k.htm (EX-31.1) — 9KB
• saicexhibit3120202202410k.htm (EX-31.2) — 9KB
• saicexhibit3210202202410k.htm (EX-32.1) — 4KB
• saicexhibit3220202202410k.htm (EX-32.2) — 4KB
• saicexhibit970202202410k.htm (EX-97) — 32KB
• saic-20240202_g1.jpg (GRAPHIC) — 116KB
• 0001571123-24-000045.txt (&nbsp;) — 11904KB
• saic-20240202.xsd (EX-101.SCH) — 85KB
• saic-20240202_cal.xml (EX-101.CAL) — 108KB
• saic-20240202_def.xml (EX-101.DEF) — 375KB
• saic-20240202_lab.xml (EX-101.LAB) — 998KB
• saic-20240202_pre.xml (EX-101.PRE) — 707KB
• saic-20240202_htm.xml (XML) — 1835KB

Risk Factors

Item 1A. Risk Factors 10

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 21 Item 1C. C ybersecurity 21

Properties

Item 2. Properties 22

Legal Proceedings

Item 3. Legal Proceedings 22

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 22 Part II

Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 23

[Reserved]

Item 6. [Reserved] 24

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 25

Quantitative and Qualitative Disclosures About Market Risk

Item 7A. Quantitative and Qualitative Disclosures About Market Risk 36

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data 37

Changes in and Disagreements With Accountants on Accounting and Financial Disclosure

Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 37

Controls and Procedures

Item 9A. Controls and Procedures 37

Other Information

Item 9B. Other Information 40

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 40 Part III

Directors, Executive Officers and Corporate Governance

Item 10. Directors, Executive Officers and Corporate Governance 41

Executive Compensation

Item 11. Executive Compensation 42

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 42

Certain Relationships and Related Transactions, and Director Independence

Item 13. Certain Relationships and Related Transactions, and Director Independence 43

Principal Account ant Fees and Services

Item 14. Principal Account ant Fees and Services 43 Part IV

Exhibits and Financial Statement Schedules

Item 15. Exhibits and Financial Statement Schedules 44

Form 10-K Summary

Item 16. Form 10-K Summary 47

Signatures

Signatures 48 Index to Consolidated Financial Statements F- 1 i Table of Contents SCIENCE APPLICATIONS INTERNATIONAL CORPORATION Part I

Business

Item 1. Business The Company Science Applications International Corporation (herein referred to as "SAIC," the "Company," "we," "us," or "our") is a leading provider of technical, engineering and enterprise information technology ("IT") services primarily to the U.S. government. The Company provides these services for large, complex projects with a targeted emphasis on higher-end, differentiated technology services and solutions that accelerate and transform secure and resilient digital environments through systems design, development, modernization, integration, and sustainment to drive enterprise and mission outcomes. Our end-to-end enterprise IT offerings span the entire spectrum of our customers' IT infrastructure. Our business has a long and successful history of over 50 years serving all branches (Army, Air Force, Navy, Marines and Coast Guard) and agencies of the Department of Defense ("DoD"), National Aeronautics and Space Administration ("NASA"), U.S. Department of State, Department of Justice, Department of Homeland Security and several sensitive intelligence community agencies. We serve our customers through approximately 1,800 active contracts and task orders. We have approximately 24,000 employees that are led by an experienced executive team of proven industry leaders. The Company is organized as a matrix comprised of two customer facing operating sectors supported by the enterprise organizations, including the Innovation Factory. The two operating sectors are responsible for customer relationships, program management, delivery and execution, and, in collaboration with the enterprise organizations, manage the development of our offerings, solutions and capabilities which support our four strategic pivots — portfolio, go-to-market, culture and brand. Effective February 3, 2024, the first day of fiscal 2025, the Company completed a business reorganization which replaces its current two operating sectors with five customer facing business groups supp

View Full Filing

View this 10-K filing on SEC EDGAR