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 |
| 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 millions)Annual | Quarterly
| 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 125 | 142 | 254 | 349 | 370 | 369 | 384 | ||
| Cash and cash equivalents | 125 | 142 | 254 | 349 | 370 | 369 | 384 | ||
| Receivables | 302 | 315 | 281 | 94 | 275 | 265 | 265 | ||
| Inventory, net of allowances, customer advances and progress billings, including: | 120 | 118 | 107 | 92 | 91 | 91 | 86 | ||
| Other undisclosed inventory, net of allowances, customer advances and progress billings | 120 | 118 | 107 | 92 | 91 | 91 | 86 | ||
| Prepaid expense | 14 | 12 | 11 | 10 | 12 | 13 | 14 | ||
| Contract with customer, asset | 191 | ||||||||
| Other current assets | 40 | 37 | 35 | 23 | 25 | 30 | 21 | ||
| Total current assets: | 601 | 624 | 688 | 758 | 773 | 769 | 769 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 55 | 47 | 38 | 40 | 33 | 35 | |||
| Operating lease, right-of-use asset | 42 | 38 | 40 | 39 | 39 | 40 | 41 | ||
| Intangible assets, net (including goodwill) | 614 | 617 | 574 | 537 | 523 | 524 | 525 | ||
| Goodwill | 552 | 552 | 523 | 494 | 484 | 484 | 484 | ||
| Intangible assets, net (excluding goodwill) | 62 | 65 | 52 | 43 | 39 | 40 | 42 | ||
| Other noncurrent assets | 94 | 92 | 90 | 88 | 85 | 84 | 84 | ||
| Other undisclosed noncurrent assets | 163 | 165 | 135 | 168 | 119 | 113 | 112 | ||
| Total noncurrent assets: | 967 | 959 | 878 | 831 | 805 | 794 | 797 | ||
| TOTAL ASSETS: | 1,568 | 1,583 | 1,566 | 1,590 | 1,578 | 1,562 | 1,565 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 138 | 145 | 143 | 126 | 130 | 135 | 145 | ||
| Accounts payable | 54 | 58 | 52 | 50 | 44 | 60 | 52 | ||
| Accrued liabilities | 30 | 36 | 34 | 27 | 29 | 27 | 32 | ||
| Employee-related liabilities | 55 | 50 | 57 | 47 | 51 | 46 | 54 | ||
| Interest and dividends payable | 0 | 0 | 0 | 2 | 6 | 2 | 6 | ||
| Deferred revenue | 58 | ||||||||
| Debt | 2 | 2 | 1 | 1 | 1 | 1 | 1 | ||
| Provision for loss on contracts | 3 | ||||||||
| Disposal group, including discontinued operation | 1 | 1 | 1 | 1 | 3 | 3 | 3 | ||
| Other liabilities | 15 | 13 | 9 | 26 | 11 | 12 | 13 | ||
| Other undisclosed current liabilities | 6 | ||||||||
| Total current liabilities: | 156 | 160 | 154 | 221 | 145 | 150 | 161 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 378 | 377 | 371 | 329 | 374 | 374 | 375 | ||
| Long-term debt, excluding current maturities | 293 | 294 | 295 | 297 | 297 | 300 | 300 | ||
| Finance lease, liability | 50 | 51 | 43 | 44 | 38 | 39 | |||
| Operating lease, liability | 35 | 32 | 33 | 33 | 34 | 35 | 36 | ||
| Liabilities, other than long-term debt | 84 | 84 | 76 | 79 | 80 | 74 | 75 | ||
| Disposal group, including discontinued operation, liabilities | 1 | 1 | 3 | 3 | 3 | 3 | 3 | ||
| Other liabilities | 82 | 83 | 74 | 76 | 77 | 72 | 72 | ||
| Total noncurrent liabilities: | 462 | 461 | 448 | 408 | 454 | 448 | 450 | ||
| Other undisclosed liabilities | 8 | 17 | 16 | 22 | 14 | 11 | |||
| Total liabilities: | 625 | 637 | 618 | 629 | 621 | 612 | 621 | ||
| Temporary equity, carrying amount | 8 | 8 | 15 | 15 | 15 | 15 | 15 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 935 | 938 | 932 | 945 | 942 | 936 | 929 | ||
| Additional paid in capital | 1,602 | 1,593 | 1,582 | 1,579 | 1,572 | 1,563 | 1,558 | ||
| Accumulated other comprehensive income (loss) | (4) | 1 | 1 | 1 | 2 | 2 | |||
| Accumulated deficit | (663) | (655) | (650) | (634) | (632) | (629) | (631) | ||
| Total stockholders' equity: | 935 | 938 | 932 | 945 | 942 | 936 | 929 | ||
| TOTAL LIABILITIES AND EQUITY: | 1,568 | 1,583 | 1,566 | 1,590 | 1,578 | 1,562 | 1,565 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 229 | 224 | 196 | 212 | 201 | 205 | 194 | |
| Cost of revenue (Cost of Goods and Services Sold) | (174) | (166) | (144) | (150) | (140) | (153) | (143) | |
| Gross profit: | 55 | 58 | 52 | 62 | 61 | 52 | 51 | |
| Operating expenses | (58) | (54) | (53) | (53) | (50) | (49) | (46) | |
| Other undisclosed operating income (loss) | (0) | (6) | 0 | (0) | ||||
| Operating income (loss): | (4) | (2) | (1) | 9 | 11 | 3 | 5 | |
| Nonoperating expense | (5) | (3) | (19) | (6) | (6) | (6) | (6) | |
| Other nonoperating income (expense) | (1) | 0 | (0) | 0 | ||||
| Interest and debt expense | (1) | (1) | (1) | (1) | (1) | (1) | (1) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 1 | 1 | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (10) | (6) | (21) | 2 | 4 | (2) | (1) | |
| Other undisclosed income from continuing operations before income taxes | 1 | 1 | 1 | 1 | 1 | |||
| Income (loss) from continuing operations before income taxes: | (9) | (5) | (20) | 3 | 5 | (2) | (1) | |
| Income tax expense (benefit) | 1 | (1) | 4 | (5) | (6) | 4 | 3 | |
| Income (loss) from continuing operations: | (8) | (5) | (16) | (2) | (1) | 1 | 2 | |
| Income (loss) from discontinued operations | 1 | (0) | (1) | (1) | (0) | |||
| Net income (loss): | (8) | (4) | (16) | (3) | (2) | 1 | 2 | |
| Net income (loss) attributable to noncontrolling interest | (0) | (0) | (1) | 0 | ||||
| Net income (loss) available to common stockholders, diluted: | (8) | (5) | (16) | (3) | (2) | 1 | 2 | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (8) | (4) | (16) | (3) | (2) | 1 | 2 | |
| Other undisclosed comprehensive income (loss) | (4) | (1) | (1) | (1) | 1 | 0 | ||
| Comprehensive income (loss): | (12) | (5) | (16) | (3) | (3) | 2 | 2 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (0) | (0) | (1) | 0 | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | (12) | (5) | (16) | (3) | (3) | 2 | 2 | |
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.