Kratos Defense & Security Solutions, Inc. (KTOS) financial statements (2021 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)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments381375397159173181176
Cash and cash equivalents381375397159173181176
Restricted cash and investments11     
Receivables9527724625985242237
Inventory, net of allowances, customer advances and progress billings, including:81786763616875
Inventory      76
Progress payments netted against inventory for long-term contracts or programs      (0)
Other undisclosed inventory, net of allowances, customer advances and progress billings817867636168 
Prepaid expense1218151491010
Contract with customer, asset177   179  
Disposal group, including discontinued operation  11355
Other current assets18232015111012
Total current assets:765771745510522516516
Noncurrent Assets
Finance lease, right-of-use asset 373738   
Operating lease, right-of-use asset43403840424544
Property, plant and equipment    117116116
Intangible assets, net (including goodwill)527517505504495496492
Goodwill484475466463456458459
Intangible assets, net (excluding goodwill)43423941403832
Other noncurrent assets849991067
Other undisclosed noncurrent assets144998582   
Total noncurrent assets:798702674673664663658
TOTAL ASSETS:1,5631,4731,4191,1831,1861,1781,174
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities140135114120125124126
Accounts payable55554544544253
Accrued liabilities35292928333939
Employee-related liabilities48453941373632
Interest and dividends payable2626272
Deferred revenue34   34  
Debt1119101213
Provision for loss on contracts4      
Disposal group, including discontinued operation3333344
Other liabilities121611101099
Other undisclosed current liabilities4    3338
Total current liabilities:198155128142183182189
Noncurrent Liabilities
Long-term debt and lease obligation340375369331333334332
Long-term debt, excluding current maturities301300296295295295295
Finance lease, liability 3938    
Operating lease, liability39363436384038
Liabilities, other than long-term debt86878077828077
Disposal group, including discontinued operation, liabilities3333333
Other liabilities83857774797875
Total noncurrent liabilities:425462448408414415410
Other undisclosed liabilities 6438   
Total liabilities:623623580588597596599
Temporary equity, carrying amount15151515151615
Stockholders' equity
Stockholders' equity attributable to parent925835825580574567560
Additional paid in capital1,5561,5451,5381,2931,2871,2831,278
Accumulated other comprehensive income (loss)10(1)(0)(0)(1)(1)
Accumulated deficit(632)(711)(713)(712)(712)(715)(718)
Total stockholders' equity:925835825580574567560
TOTAL LIABILITIES AND EQUITY:1,5631,4731,4191,1831,1861,1781,174

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues206202170169185184188
Cost of revenue
(Cost of Goods and Services Sold)
(152)(145)(124)(123)(137)(136)(140)
Gross profit:54574646484948
Operating expenses(45)(44)(43)(41)(39)(37)(39)
Other undisclosed operating income (loss)(0)(0)(0)(0)(1)0(0)
Operating income:913359129
Nonoperating expense(6)(5)(5)(6)(5)(6)(5)
Other nonoperating income (expense)(0)10(1)0(1)0
Interest and debt expense(1)(1)(1)(1)(1)(1)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes1111111
Income (loss) from continuing operations before income taxes:38(2)(1)454
Income tax expense (benefit)75(5)21(1)(3)(3)
Income (loss) from continuing operations:783(1)0331
Income (loss) from discontinued operations(0)(0)(0)(0)(1) 3
Net income (loss):782(1)(0)334
Net income (loss) attributable to noncontrolling interest0 0 0(0)(0)
Net income (loss) available to common stockholders, diluted:782(1)(0)334

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):782(1)(0)334
Other undisclosed comprehensive income (loss)11(0) 1(0)(0)
Comprehensive income (loss):793(1)(0)324
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0 0 0(0)(0)
Comprehensive income (loss), net of tax, attributable to parent:793(1)(0)424

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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