Booz Allen Hamilton Holding Corp
For the period ended Jun 30, 2025. Filed Jul 25, 2025.
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Jun 30, 2025 · Filed Jul 25, 2025
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Supplemental Condensed Consolidated Financial Information
- Supplemental Condensed Consolidated Financial Information
Severance and Related Charges
The Company incurs costs related to employee severance and related charges including stock-based compensation, employee benefits and payroll taxes related to employees terminated pursuant to cost management initiatives. The Company records these costs when it is probable that employees will be entitled to termination benefits and the amounts can be reasonably estimated.
Severance and related charges included in the condensed consolidated statement of operations for the three months ended June 30, 2025 consisted of costs related to a cost management initiative and restructure of the Civil business and are summarized below:
| Three Months Ended | |
|---|---|
| June 30, 2025 | |
| Cost of revenue | $30 |
| General and administrative expenses | 6 |
| Total severance charges | $36 |
The unpaid portion of these severance and related charges is included in accrued compensation and benefits in the condensed consolidated balance sheet and consisted of the following at the period presented below:
| June 30,2025 | |
|---|---|
| Liability for severance and related charges at beginning of period | $— |
| Severance and related charges incurred during the period | 36 |
| Cash paid and other | (14) |
| Liability for severance and related charges at end of period | $22 |
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