$BAH

Booz Allen Hamilton Holding Corp

CIK:0001443646|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenue	$ 2,800	$ 2,924
Operating costs and expenses:
Cost of revenue	1,336	1,423
Billable expenses	835	881
General and administrative expenses	305	323
Depreciation and amortization	45	40
Total operating costs and expenses	2,521	2,667
Operating income	279	257
Interest expense, net	(48)	(44)
Other income	20	3
Income before income taxes	251	216
Income tax expense (benefit)	53	(55)
Net income	$ 198	$ 271
Earnings per share of common stock (Note 4):
Basic (in dollars per share)	$ 1.63	$ 2.17
Diluted (in dollars per share)	$ 1.63	$ 2.16

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities
Net income	$ 198	$ 271
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	45	40
Noncash lease expense	12	12
Stock-based compensation expense	21	19
Net gains on investments, dispositions, and other	(18)	(4)
Changes in operating assets and liabilities:
Accounts receivable, net	(36)	(15)
Deferred income taxes and income taxes receivable/payable	78	34
Prepaid expenses and other current and long-term assets	(48)	(69)
Accrued compensation and benefits	(30)	(32)
Accounts payable and other accrued expenses	71	(35)
Other current and long-term liabilities	(12)	(102)
Net cash provided by operating activities	281	119
Cash flows from investing activities
Purchases of property, equipment, and software	(20)	(23)
Payments for business acquisitions, net of cash acquired	(220)	0
Payments for strategic investments	(88)	(9)
Net cash used in investing activities	(328)	(32)
Cash flows from financing activities
Proceeds from issuance of common stock	9	11
Repurchases of common stock	(72)	(181)
Cash dividends paid	(73)	(70)
Repayments on revolving credit facility, term loans, and Senior Notes	(5)	(21)
Net cash used in financing activities	(141)	(261)
Net decrease in cash and cash equivalents	(188)	(174)
Cash and cash equivalents––beginning of period	728	885
Cash and cash equivalents––end of period	540	711
Net cash payments (receipts) during the period for:
Interest	38	22
Income taxes	(16)	24
Supplemental disclosures of non-cash investing and financing activities:
Share repurchases transacted but not settled and paid	0	2
Unpaid property, equipment, and software purchases	$ 31	$ 4

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2026	Mar. 31, 2026
Current assets:
Cash and cash equivalents	$ 540	$ 728
Accounts receivable, net	2,320	2,063
Prepaid expenses and other current assets	180	170
Total current assets	3,040	2,961
Property and equipment, net of accumulated depreciation	167	171
Operating lease right-of-use assets	186	147
Intangible assets, net of accumulated amortization	597	509
Goodwill	2,528	2,399
Deferred tax assets	253	294
Other long-term assets	839	637
Total assets	7,610	7,118
Current liabilities:
Current portion of long-term debt	19	19
Accounts payable and other accrued expenses	1,192	909
Accrued compensation and benefits	607	641
Operating lease liabilities	29	43
Other current liabilities	59	51
Total current liabilities	1,906	1,663
Long-term debt, net of current portion	3,917	3,921
Operating lease liabilities, net of current portion	195	139
Other long-term liabilities	390	290
Total liabilities	6,408	6,013
Commitments and contingencies (Note 11)
Stockholders’ equity:
Common stock, Class A - $0.01 par value - authorized: 600,000,000 shares; issued: 170,513,905 and 169,805,201 shares at June 30, 2026 and March 31, 2026, respectively; outstanding: 120,284,257 and 120,341,320 shares at June 30, 2026 and March 31, 2026, respectively	2	2
Treasury stock, at cost - 50,229,648 and 49,463,881 shares at June 30, 2026 and March 31, 2026	(3,733)	(3,673)
Additional paid-in capital	1,186	1,155
Retained earnings	3,769	3,644
Accumulated other comprehensive loss	(22)	(23)
Total stockholders’ equity	1,202	1,105
Total liabilities and stockholders’ equity	$ 7,610	$ 7,118