Kratos Defense & Security Solutions, Inc. (KTOS) financial statements (2023 and earlier)

Company profile

Business Address 10680 TREENA STREET
SAN DIEGO, CA 92131
State of Incorp. DE
Fiscal Year End December 31
SIC 376 - Guided Missiles And Space Vehicles And Parts (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3493811731831306929
Cash and cash equivalents3493811731831306929
Restricted cash and investments 1 0011
Receivables94958565271234211
Inventory, net of allowances, customer advances and progress billings, including:92816147505556
Inventory   47515756
Progress payments netted against inventory for long-term contracts or programs    (1)(2)(1)
Other undisclosed inventory, net of allowances, customer advances and progress billings928161    
Prepaid expense10129913911
Contract with customer, asset191177179173✕✕✕
Disposal group, including discontinued operation  38   
Other current assets231811107514
Total current assets:758765522495471373320
Noncurrent Assets
Operating lease, right-of-use asset394342✕✕✕✕
Property, plant and equipment  11767615056
Intangible assets, net (including goodwill)537527495442483518520
Goodwill494484456426461485483
Intangible assets, net (excluding goodwill)43434016223337
Other noncurrent assets8884107887
Other undisclosed noncurrent assets168144     
Total noncurrent assets:831798664515553576583
TOTAL ASSETS:1,5901,5631,1861,0101,024949903
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities126140125120131145122
Accounts payable50555447495348
Accrued liabilities27353338465033
Employee-related liabilities47483734353937
Interest and dividends payable2222244
Deferred revenue583434✕✕✕✕
Debt1110 111
Provision for loss on contracts34  10184
Disposal group, including discontinued operation1335122
Contract with customer, liability✕✕✕35✕✕✕
Other liabilities2612105975
Other undisclosed current liabilities64  372439
Total current liabilities:221198183165189197172
Noncurrent Liabilities
Long-term debt and lease obligation329340333294294431444
Long-term debt, excluding current maturities297301295294294431444
Operating lease, liability333938✕✕✕✕
Liabilities, other than long-term debt79868232234533
Deferred tax liabilities, net✕✕✕  1711
Disposal group, including discontinued operation, liabilities3336444
Other liabilities76837926192418
Other undisclosed noncurrent liabilities    7  
Total noncurrent liabilities:408425414326324476477
Total liabilities:629623597491513672649
Temporary equity, carrying amount151515    
Stockholders' equity
Stockholders' equity attributable to parent945925574519512276254
Additional paid in capital1,5791,5561,2871,2451,234956873
Accumulated other comprehensive income (loss)11(0)(1)(1)(2)(1)
Accumulated deficit(634)(632)(712)(725)(721)(678)(618)
Total stockholders' equity:945925574519512276254
TOTAL LIABILITIES AND EQUITY:1,5901,5631,1861,0101,024949903

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues812748718618752669657
Revenue, net✕✕✕✕752669657
Cost of revenue
(Cost of Goods and Services Sold)		(586)(545)(528)(448)(555)(515)(495)
Gross profit:225203190170197154162
Operating expenses(197)(173)(151)(135)(203)(162)(167)
Other undisclosed operating income (loss) (1)(1)(4)(1)(10)1
Operating income (loss):28293831(6)(19)(5)
Nonoperating expense(24)(23)(22)(22)(45)(34)(40)
Interest and debt expense(3)(3)(3)(22)(29)(35)(36)
Other undisclosed income from continuing operations before equity method investments, income taxes 3322293536
Income (loss) from continuing operations before equity method investments, income taxes:27169(51)(52)(45)
Other undisclosed income from continuing operations before income taxes3      
Income (loss) from continuing operations before income taxes:47169(51)(52)(45)
Income tax expense (benefit)(4)74(5)(5)8(8)11
Income (loss) from continuing operations:180114(43)(60)(33)
Income (loss) from discontinued operations(2)(1)2(8)(0)(0)53
Net income (loss):(2)7913(4)(43)(61)20
Net income (loss) attributable to noncontrolling interest(0)0(0)    
Net income (loss) available to common stockholders, diluted:(2)8013(4)(43)(61)20

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(2)7913(4)(43)(61)20
Other comprehensive income (loss)(1)2010(0)0
Comprehensive income (loss):(2)8113(3)(42)(61)20
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)0(0)    
Comprehensive income (loss), net of tax, attributable to parent:(3)8113(3)(42)(61)20

Statements sources

The financial statements are based on the company's filings with the 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.

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