Kratos Defense & Security Solutions Inc. (KTOS) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
10680 TREENA STREET SAN DIEGO, CA 92131 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 376 - Guided Missiles And Space Vehicles And Parts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 72,800 | 81,300 | 349,400 | 380,800 | 172,600 | 182,700 | |||
| Cash and cash equivalents | 72,800 | 81,300 | 349,400 | 380,800 | 172,600 | 182,700 | |||
| Restricted cash and investments | 700 | 300 | |||||||
| Receivables | 329,200 | 328,500 | 93,900 | 95,300 | 85,000 | 64,600 | |||
| Inventory, net of allowances, customer advances and progress billings, including: | 156,200 | 125,500 | 91,700 | 81,200 | 61,100 | 46,800 | |||
| Inventory | 46,800 | ||||||||
| Other undisclosed inventory, net of allowances, customer advances and progress billings | 156,200 | 125,500 | 91,700 | 81,200 | 61,100 | ||||
| Prepaid expense | 16,000 | 11,900 | 9,800 | 12,000 | 9,400 | 8,900 | |||
| Contract with customer, asset, after allowance for credit loss | 190,800 | 177,000 | 179,400 | 172,800 | |||||
| Disposal group, including discontinued operation | 3,300 | 8,300 | |||||||
| Other current assets | 20,000 | 35,400 | 22,500 | 17,800 | 11,400 | 10,300 | |||
| Total current assets: | 594,200 | 582,600 | 758,100 | 764,800 | 522,200 | 494,700 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | ✕ | ||||||||
| Operating lease, right-of-use asset | 45,700 | 47,400 | 38,500 | 42,900 | 42,100 | ✕ | |||
| Property, plant and equipment | 116,900 | 67,100 | |||||||
| Intangible assets, net (including goodwill) | 631,500 | 613,400 | 537,100 | 526,900 | 495,100 | 441,800 | |||
| Goodwill | 569,100 | 558,200 | 493,900 | 483,900 | 455,600 | 425,700 | |||
| Intangible assets, net (excluding goodwill) | 62,400 | 55,200 | 43,200 | 43,000 | 39,500 | 16,100 | |||
| Other noncurrent assets | 117,500 | 95,000 | 87,500 | 84,400 | 9,700 | 6,500 | |||
| Other undisclosed noncurrent assets | 243,600 | 213,100 | 168,300 | 143,800 | |||||
| Total noncurrent assets: | 1,038,300 | 968,900 | 831,400 | 798,000 | 663,800 | 515,400 | |||
| TOTAL ASSETS: | 1,632,500 | 1,551,500 | 1,589,500 | 1,562,800 | 1,186,000 | 1,010,100 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 98,500 | 91,100 | 126,400 | 139,700 | 125,200 | 119,800 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 1,500 | 1,500 | 1,600 | 1,600 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | 47,300 | 48,100 | 37,100 | 33,500 | ||
| Accounts payable | 63,100 | 57,300 | 50,400 | 55,400 | 53,800 | 46,600 | |||
| Accrued liabilities | 35,400 | 33,800 | 27,200 | 34,700 | 32,700 | 38,100 | |||
| Deferred revenue | 58,100 | 34,000 | 34,300 | ✕ | |||||
| Debt | 1,300 | 1,700 | 1,200 | 900 | 9,900 | ||||
| Provision for loss on contracts | 2,000 | 1,200 | 2,800 | 3,600 | |||||
| Disposal group, including discontinued operation | 900 | 900 | 800 | 3,100 | 3,300 | 5,300 | |||
| Other liabilities | 12,800 | 15,600 | 25,700 | 11,900 | 10,000 | 4,700 | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 34,900 | ||
| Other undisclosed current liabilities | 177,000 | 123,700 | 6,100 | 4,400 | |||||
| Total current liabilities: | 292,500 | 234,200 | 221,100 | 197,600 | 182,700 | 164,700 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 219,300 | 250,200 | 329,400 | 339,600 | 332,700 | 294,200 | |||
| Long-term debt, excluding current maturities | 219,300 | 250,200 | 296,700 | 301,000 | 295,100 | 294,200 | |||
| Liabilities, other than long-term debt | 122,200 | 119,600 | 78,700 | 85,500 | 81,500 | 31,900 | |||
| Disposal group, including discontinued operation, liabilities | 1,100 | 1,400 | 2,500 | 2,500 | 2,800 | 6,400 | |||
| Other liabilities | 83,300 | 77,400 | 76,200 | 83,000 | 78,700 | 25,500 | |||
| Operating lease, liability | 37,800 | 40,800 | 32,700 | 38,600 | 37,600 | ✕ | |||
| Total noncurrent liabilities: | 341,500 | 369,800 | 408,100 | 425,100 | 414,200 | 326,100 | |||
| Total liabilities: | 634,000 | 604,000 | 629,200 | 622,700 | 596,900 | 490,800 | |||
| Temporary equity, carrying amount | 22,500 | 11,200 | 15,200 | 14,800 | 15,000 | ||||
| Equity | |||||||||
| Equity, attributable to parent | 976,000 | 936,300 | 945,100 | 925,300 | 574,100 | 519,300 | |||
| Common stock | |||||||||
| Additional paid in capital | 1,654,500 | 1,608,400 | 1,578,900 | 1,556,300 | 1,286,500 | 1,244,500 | |||
| Accumulated other comprehensive income (loss) | 1,700 | (800) | 600 | 1,400 | (400) | (700) | |||
| Accumulated deficit | (680,200) | (671,300) | (634,400) | (632,400) | (712,000) | (724,500) | |||
| Total equity: | 976,000 | 936,300 | 945,100 | 925,300 | 574,100 | 519,300 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,632,500 | 1,551,500 | 1,589,500 | 1,562,800 | 1,186,000 | 1,010,100 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,037,100 | 898,300 | 811,500 | 747,700 | 717,500 | 618,000 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (768,500) | (672,300) | (586,400) | (544,500) | (527,500) | (448,300) | ||
| Gross profit: | 268,600 | 226,000 | 225,100 | 203,200 | 190,000 | 169,700 | ||
| Operating expenses | (236,600) | (221,800) | (197,200) | (173,200) | (151,100) | (135,400) | ||
| Other undisclosed operating loss | (900) | (6,800) | (700) | (900) | (3,800) | |||
| Operating income (loss): | 31,100 | (2,600) | 27,900 | 29,300 | 38,000 | 30,500 | ||
| Nonoperating expense | (20,000) | (30,100) | (23,500) | (22,500) | (22,300) | (21,800) | ||
| Interest and debt expense | (3,100) | (3,000) | (2,700) | (2,600) | (2,500) | (21,600) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 2,600 | 2,500 | 21,600 | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 8,000 | (35,700) | 1,700 | 6,800 | 15,700 | 8,700 | ||
| Other undisclosed income from continuing operations before income taxes | 3,100 | 3,000 | 2,700 | |||||
| Income (loss) from continuing operations before income taxes: | 11,100 | (32,700) | 4,400 | 6,800 | 15,700 | 8,700 | ||
| Income tax expense (benefit) | (8,900) | (1,400) | (3,900) | 73,500 | (4,800) | (4,600) | ||
| Income (loss) from continuing operations: | 2,200 | (34,100) | 500 | 80,300 | 10,900 | 4,100 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (1,600) | 79,400 | 12,600 | (3,500) | |
| Income (loss) from discontinued operations | 200 | 900 | (2,100) | (900) | 1,700 | (7,600) | ||
| Net income (loss): | 2,400 | (33,200) | (1,600) | 79,400 | 12,600 | (3,500) | ||
| Net income (loss) attributable to noncontrolling interest | (11,300) | (3,700) | (400) | 200 | (100) | |||
| Net income (loss) available to common stockholders, diluted: | (8,900) | (36,900) | (2,000) | 79,600 | 12,500 | (3,500) | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 2,400 | (33,200) | (1,600) | 79,400 | 12,600 | (3,500) | ||
| Other comprehensive income (loss) | 2,500 | (1,400) | (800) | 1,800 | 300 | 700 | ||
| Other undisclosed comprehensive loss | ||||||||
| Comprehensive income (loss): | 4,900 | (34,600) | (2,400) | 81,200 | 12,900 | (2,800) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (11,300) | (3,700) | (400) | 200 | (100) | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (6,400) | (38,300) | (2,800) | 81,400 | 12,800 | (2,800) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.