SAIC Inc. (SAI) 2019年年度報告「NYSE」.pdf

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1、SAIC FISCAL YEARANNUAL REPORT2019 FY19 ANNUAL REPORT01Five years ago,SAIC began anew as an independent company with a rich,50-year legacy.Our heritage is one of consistent delivery of sustained value and a trusted technology integrator known for advancing our nations mission.Fiscal year 2019 was no

2、exception as we made significant progress on our Ingenuity 2025 long-term strategy,closed on our game-changing Engility acquisition,and delivered our second-consecutive year of organic revenue growth.We are proud of our accomplishments in FY19 and the foundation we have built to position us for succ

3、ess in FY20 and beyond.PERFORMANCEThroughout the year,we met or exceeded our goals.SAIC grew revenue by 2.6 percent,booked$4.66 billion in contracts,delivered strong adjusted EBITDA margins of 7.6 percent for the yearup 60 basis points from last year and generated over$240 million of free cash flow

4、after adjusting for the non-recurring costs of the Engility acquisition and impact from the government shutdown.We delivered shareholder value with a balanced approach to capital deployment through debt repayment,dividends,share repurchases,and mergers and acquisitions.Near the end of our fiscal yea

5、r,we faced the longest partial federal government shutdown in our nations history,and we took action to ensure that our impacted employees remained on the payroll.Retaining and attracting the best talent in our industry is critical to our success,and we wanted to show our commitment to our team memb

6、ers on the frontlines who distinguish SAIC from our competitors through their expertise and ingenuity.DEAR FELLOW STOCKHOLDERS,LEFT:Anthony J.MoracoChief Executive OfficerRIGHT:Nazzic S.KeeneChief Executive Officer-Elect“I am very proud of our achievements and most grateful for the diverse and talen

7、ted team members Ive worked with during my years at SAIC.”Anthony MoracoFY19 OPERATIONS:DRIVEN BY MISSIONOUR PEOPLE:UNITED BY PURPOSEHUNDREDS OF THOUSANDSOF BACK-TO-SCHOOL SUPPLIES10,000,000+MEALS FOR NEIGHBORS IN NEED$250,000+RAISED FOR HOMES FOR WOUNDED VETERANSTHOUSANDSOF STUDENTS INSPIRED TO PUR

8、SUE STEM CAREERSSAIC employees have given back to our communities over the yearsFinancial performance based on strong contract executionACCELERATED STRATEGYIn FY19,we completed the acquisition of Engility Holdings,Inc.Our combined strength,exceptional talent,and breadth of services provide industry-

9、leading benefits to our employees,customers,technology partners,and shareholders.This acquisition accelerates SAICs strategy of creating market segment scale in strategic business areas,particularly the national interest areas of space and intelligence.Through the Engility acquisition,we brought our

10、 total cleared personnel to 14,000,an important discriminator as we pursue larger opportunities in the national security arena.With our greater customer access and more competitive and differentiated solutions,we are confident in our strategy and ability to convert opportunities to revenue growth,ca

11、pture value from synergies,and substantially increase our profit margins and cash flow generation.LOOKING AHEADWe began this company five years ago with a strong foundation of leadership and culture of innovation.As I transition my CEO responsibilities to Nazzic Keene,I am extremely confident in her

12、 leadership to drive SAICs growth as a market-leading technology integrator.I am very proud of our achievements and most grateful for the diverse and talented team members Ive worked with during my years at SAIC.Their determination,creativity,and commitment to serving our customers impress and inspi

13、re me every day.SAIC is a great company doing great things,and is built on a foundation of integrity,ingenuity,and successand I look forward to its even brighter future.$4.66BREVENUEAnthony J.Moraco CHIEF EXECUTIVE OFFICER7.6%ADJUSTED EBITDA MARGIN7,500NEW EMPLOYEES$240M*FREE CASH FLOW*After adjusti

14、ng for the non-recurring costs of the Engility acquisition and impact from the government shutdownFY19 ANNUAL REPORT03SAIC repositioned as a market leader14,000CLEARED EMPLOYEES3,000+CONTRACTS600*LOCATIONSOUR STRATEGY:INSPIRED BY OPPORTUNITIESMARKET LEADER IN SPACE,INTEL,&IT MODERNIZATION23,000+EMPL

15、OYEES$6.5BREVENUENazzic S.Keene CHIEF EXECUTIVE OFFICERELECTI am honored and humbled by Tony and the Boards confidence to lead this great company.I want to personally thank Tony for being a strong mentor and for his vision and leadership in ensuring we have an effective and seamless CEO transition.F

16、ollowing the completion of the Engility acquisition,we begin FY20 with 23,000 employees strong and as one of the largest pure-play government technology integrators in the market.Our increased capacity and capabilities enable us not only to invest more in attracting the best talent,but also in techn

17、ologies and other areas of growth to support our customers.I am proud of all our team members strong dedication to ensuring our customers are ready for the opportunities and challenges they face today and in the futureas well as their passion to give back to our local communities.Our team is driven

18、by mission,united by purpose,and inspired by opportunities.As we enter FY20 as a stronger company with even greater vigor in executing our Ingenuity 2025 long-term strategy,Im confident that we are better equipped than ever to deliver sustained profitable growth and drive shareholder value.In FY20,w

19、e will continue to build a strong,balanced pipeline that will further enable us to protect our base while pursuing new business and programs where SAIC has clear,differentiated offerings and solutions.We will leverage our expertise and strengths in areas of strategic importance,such as IT modernizat

20、ion,cybersecurity,data analytics,readiness and training,space systems,intelligence,and digital engineering.With the newly strengthened breadth of capabilities,exceptional leadership,and the strongest talent in the industry,SAIC is well-positioned to lead the markets we choose to serve and make a sig

21、nificant impact for all our stakeholders.We look forward to our next chapter with renewed purpose and excitement,knowing we can make an even more profound difference to our customers missions.FROM CEO-ELECT NAZZIC KEENE*Total locations comprised of SAIC facilities and customer sitesFISCAL YEAR ENDED

22、 February 1,2019February 2,2018 February 3,2017RevenuesCost of revenuesSelling,general and administrative expensesAcquisition and integration costsOperating incomeAs a percentage of revenuesInterest expenseOther(income)expense,netProvision for income taxesNet incomeCash flows from operating activiti

23、esTotal backlogTotal stockholders equityOutstanding shares of common stock(1)Number of employees(approximate)Adjusted EBITDA(2)As a percentage of revenues(2)Diluted earnings per share(In millions,except employees and per share amounts)(1)Outstanding shares of common stock is as of March 8,2019,March

24、 9,2018,and March 10,2017 for fiscal 2019,fiscal 2018,and fiscal 2017,respectively.(2)Adjusted EBITDA and adjusted EBITDA as a percentage of revenues are non-GAAP financial measures.For more information regarding these measures,including a reconciliation to the most directly comparable GAAP financia

25、l measure,see Managements Discussion and Analysis of Financial Condition and Results of Operations included in this report.FISCAL YEAR 2019 FINANCIAL HIGHLIGHTS$4,4424,00316610263 5.9%52(1)(69)$143$273$8,020$34943.615,500$3227.2%$3.12$4,6594,19515886220 4.7%53(3)(33)$137$184$13,801$1,49959.323,000$3

26、537.6%$3.11$4,4544,0431550256 5.7%44(2)(35)$179$217$10,227$32742.315,000$3137.0%$4.02?CORPORATE HEADQUARTERSScience Applications International Corporation(SAIC)12010 Sunset Hills Road Reston,VA 20190703.676.4300Website:STOCK LISTINGSAIC common stock is traded on the New York Stock Exchange(NYSE)unde

27、r the trading symbol SAIC.TRANSFER AGENT AND REGISTRARComputershare250 Royall Street Canton,MA 02021855.679.7242(U.S.)732.645.4074(International)Website: REGISTERED PUBLIC ACCOUNTING FIRMErnst&Young LLP1775 Tysons Boulevard McLean,VA 22102VIRTUAL ANNUAL MEETINGThe Annual Meeting of Stockholders is s

28、cheduled to be held virtually via webcast on June 5,2019(9:00 a.m.ET)at on how to participate online will be included in the Proxy Statement.Science Applications International Corporation.All rights reserved.The SAIC logo is a registered trademark of Science Applications International Corporation in

29、 the United States and/or other countries.?STOCKHOLDER INFORMATIONCERTIFICATIONS?Securities and Exchange Commission pursuant to Section 302 of the Sarbanes-Oxley Act are included as Exhibits 31.1 and 31.2 on our Annual Report on Form 10-K.?by the companys CEO to the NYSE on June 7,2018 in accordance

30、 with the NYSEs listing standards.INVESTOR RELATIONSQuestions from stockholders,analysts,and others can be directed to:Shane P.Canestra Vice President of Investor RelationsSAIC12010 Sunset Hills Road Reston,VA Website:BOARD OF DIRECTORSDONNA MOREA Chair of the Board,DirectorANTHONY MORACO Chief Exec

31、utive OfficerROBERT BEDINGFIELD DirectorJOHN HAMRE DirectorDAVID KERKO Director TIMOTHY MAYOPOULOS DirectorKATHARINA MCFARLAND DirectorSTEVEN SHANE DirectorANTHONY MORACO Chief Executive OfficerNAZZIC KEENE Chief Executive Officer-ElectCORPORATE OFFICERSSTEVEN MAHON Executive Vice President and Gene

32、ral CounselCHARLIE MATHIS Executive Vice President and Chief Financial OfficerKAREN WHEELER Executive Vice President and Chief Human Resources OfficerCORPORATE DIRECTORYCHRIS DONAGHEY Senior Vice President of Corporate Development MARK ESCOBAR Executive Vice President and Chief of Business Operation

33、sBUSINESS LEADERSHIPBOB GENTER Executive Vice President and Civilian Markets Group General ManagerJOSH JACKSON Executive Vice President and Solutions and Technology Group General ManagerMICHAEL LAROUCHE Executive Vice President and National Security Group General ManagerJIM SCANLON Executive Vice President and Defense Systems Group General ManagerCORPORATE HEADQUARTERS12010 Sunset Hills RoadReston,VA CONNECT WITH US SAIC.All rights reserved.SAIC FISCAL YEARANNUAL REPORT2019