$AMTM

Amentum Holdings, Inc.

CIK:0002011286|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2026	Jun. 27, 2025	Jul. 03, 2026	Jun. 27, 2025
Income Statement [Abstract]
Revenues	$ 3,490	$ 3,561	$ 10,205	$ 10,468
Cost of revenues	(3,130)	(3,193)	(9,174)	(9,372)
Selling, general, and administrative expenses	(122)	(165)	(361)	(440)
Amortization of intangibles	(94)	(118)	(282)	(358)
Equity earnings of non-consolidated subsidiaries	28	18	73	47
Operating income	172	103	461	345
Interest expense and other, net	(62)	(88)	(209)	(261)
Loss on extinguishment of debt	(16)	(3)	(16)	(3)
Income before income taxes	94	12	236	81
Provision for income taxes	(28)	(13)	(72)	(59)
Net income (loss) including non-controlling interests	66	(1)	164	22
Less: net income (loss) attributable to non-controlling interests	0	11	0	4
Net income attributable to common shareholders	$ 66	$ 10	$ 164	$ 26
Earnings per share:
Basic (in dollars per share)	$ 0.27	$ 0.04	$ 0.67	$ 0.11
Diluted (in dollars per share)	$ 0.27	$ 0.04	$ 0.67	$ 0.11

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Jul. 03, 2026	Jun. 27, 2025
Cash flows from operating activities
Net income including non-controlling interests	$ 164	$ 22
Adjustments to reconcile net income including non-controlling interests to net cash provided by operating activities:
Depreciation	25	29
Amortization of intangibles	282	358
Loss on extinguishment of debt	16	3
Equity earnings of non-consolidated subsidiaries	(73)	(47)
Distributions from equity method investments	87	57
Deferred income taxes	11	(44)
Stock-based compensation	23	15
Other	3	16
Changes in assets and liabilities, net of effects of business acquisition:
Accounts receivable, net	(11)	(154)
Prepaid expenses and other assets	11	75
Accounts payable, contract liabilities, and other current liabilities	(198)	(28)
Accrued compensation and benefits	(160)	(9)
Other long-term liabilities	55	(20)
Net cash provided by operating activities	235	273
Cash flows from investing activities
Acquisitions, net of cash acquired	0	(70)
Divestitures, net of cash conveyed	2	358
Payments for property and equipment	(22)	(18)
Contributions to equity method investments	(53)	(36)
Returns of capital from equity method investments	23	2
Other	2	0
Net cash (used in) provided by investing activities	(48)	236
Cash flows from financing activities
Borrowings on revolving credit facilities	2,403	858
Payments on revolving credit facilities	(2,403)	(858)
Proceeds from borrowing under the term loans	2,991	0
Repayments of borrowings under the credit agreement	(3,125)	(200)
Distributions to non-controlling interests	(23)	(21)
Other	(8)	(10)
Net cash used in financing activities	(165)	(231)
Effect of exchange rate changes on cash	0	8
Net change in cash and cash equivalents	22	286
Cash and cash equivalents, beginning of period	437	452
Cash and cash equivalents, end of period	459	738
Supplemental disclosure of cash flow information
Common stock issued for the Transaction	0	(63)
Income taxes paid, net of receipts	(26)	(67)
Interest paid	$ (175)	$ (194)

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jul. 03, 2026	Oct. 03, 2025
Current assets:
Cash and cash equivalents	$ 459	$ 437
Accounts receivable, net	2,553	2,479
Prepaid expenses and other current assets	177	197
Total current assets	3,189	3,113
Property and equipment, net	108	114
Equity method investments	204	196
Goodwill	5,703	5,703
Intangible assets, net	1,675	1,955
Other long-term assets	320	379
Total assets	11,199	11,460
Current liabilities:
Current portion of long-term debt	54	42
Accounts payable	825	892
Accrued compensation and benefits	546	705
Contract liabilities	171	227
Other current liabilities	498	488
Total current liabilities	2,094	2,354
Long-term debt, net of current portion	3,771	3,901
Deferred tax liabilities	273	260
Other long-term liabilities	272	325
Total liabilities	6,410	6,840
Commitments and contingencies (Note 13)
SHAREHOLDERS' EQUITY
Common stock, $0.01 par value, 1,000,000,000 shares authorized; 244,319,846 shares issued and outstanding at July 3, 2026 and 243,464,776 shares issued and outstanding at October 3, 2025.	2	2
Additional paid-in capital	4,946	4,924
Retained deficit	(297)	(461)
Accumulated other comprehensive income	44	40
Total Amentum shareholders' equity	4,695	4,505
Non-controlling interests	94	115
Total shareholders' equity	4,789	4,620
Total liabilities and shareholders' equity	$ 11,199	$ 11,460