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  "documentTitle": "Leidos Holdings, Inc. (LDOS)",
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  "authorName": "Ben Axler",
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  "presentationDate": "2021-02-16 00:00:00",
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      "text": "Spruce Point believes Leidos has not been particularly transparent about what is driving its cash flow, notably its 2020 target increase in Q2 from $1.0 to $1.2bn. In particular, it has deferred between $92 - $140m of social security tax payments...",
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      "text": "The CARES Act also enabled us to defer our federal and some state income tax payments from the second quarter of fiscal 2020 to the third quarter of fiscal 2020 and also to defer payment of the employer portion of social security taxes for the balance of fiscal 2020. For the three and six months ended July 3, 2020, we deferred $48 million of employer social security tax payments and received $10 million from the Employee Retention Credit. — Q2 2020 Press Release And 10-Q",
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