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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments381173183130692935
Cash and cash equivalents381173183130692935
Restricted cash and investments1 00115
Receivables958565271234211250
Inventory, net of allowances, customer advances and progress billings, including:81614750555668
Inventory  4751575669
Progress payments netted against inventory for long-term contracts or programs   (1)(2)(1)(1)
Other undisclosed inventory, net of allowances, customer advances and progress billings8161     
Prepaid expense1299139119
Contract with customer, asset177179173
Disposal group, including discontinued operation 38    
Other current assets18111075149
Total current assets:765522495471373320375
Noncurrent Assets
Operating lease, right-of-use asset4342
Property, plant and equipment 1176761505683
Intangible assets, net (including goodwill)527495442483518520649
Goodwill484456426461485483596
Intangible assets, net (excluding goodwill)43401622333752
Other noncurrent assets8410788733
Other undisclosed noncurrent assets144      
Total noncurrent assets:798664515553576583764
TOTAL ASSETS:1,5631,1861,0101,0249499031,139
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities140125120131145122135
Accounts payable55544749534848
Accrued liabilities35333846503334
Employee-related liabilities48373435393746
Interest and dividends payable2222446
Deferred revenue3434
Debt110 1111
Provision for loss on contracts4  101843
Disposal group, including discontinued operation3351221
Deferred tax liabilities    30
Contract with customer, liability35
Other liabilities121059757
Other undisclosed current liabilities4  37243949
Total current liabilities:198183165189197172226
Noncurrent Liabilities
Long-term debt and lease obligation340333294294431444622
Long-term debt, excluding current maturities301295294294431444622
Operating lease, liability3938
Liabilities, other than long-term debt86823223453326
Accounts payable and accrued liabilities      0
Deferred tax liabilities, net  17111
Disposal group, including discontinued operation, liabilities336444 
Other liabilities83792619241825
Other undisclosed noncurrent liabilities   7  41
Total noncurrent liabilities:425414326324476477688
Total liabilities:623597491513672649915
Temporary equity, carrying amount1515     
Stockholders' equity
Stockholders' equity attributable to parent925574519512276254224
Additional paid in capital1,5561,2871,2451,234956873863
Accumulated other comprehensive income (loss)1(0)(1)(1)(2)(1)(2)
Accumulated deficit(632)(712)(725)(721)(678)(618)(637)
Total stockholders' equity:925574519512276254224
TOTAL LIABILITIES AND EQUITY:1,5631,1861,0101,0249499031,139

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues748718618752669657868
Revenue, net752669657868
Cost of revenue
(Cost of Goods and Services Sold)
(545)(528)(448)(555)(515)(495)(650)
Gross profit:203190170197154162218
Operating expenses(173)(151)(135)(203)(162)(167)(201)
Other undisclosed operating income (loss)(1)(1)(4)(1)(10)13
Operating income (loss):293831(6)(19)(5)20
Nonoperating expense(23)(22)(22)(45)(34)(40)(93)
Interest and debt expense(3)(3)(22)(29)(35)(36)(94)
Other undisclosed income from continuing operations before equity method investments, income taxes332229353694
Income (loss) from continuing operations before income taxes:7169(51)(52)(45)(73)
Income tax expense (benefit)74(5)(5)8(8)11(5)
Income (loss) from continuing operations:80114(43)(60)(33)(78)
Income (loss) from discontinued operations(1)2(8)(0)(0)53 
Net income (loss):7913(4)(43)(61)20(78)
Net income (loss) attributable to noncontrolling interest0(0)     
Net income (loss) available to common stockholders, diluted:8013(4)(43)(61)20(78)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):7913(4)(43)(61)20(78)
Other comprehensive income (loss)2010(0)0(1)
Comprehensive income (loss):8113(3)(42)(61)20(79)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(0)     
Comprehensive income (loss), net of tax, attributable to parent:8113(3)(42)(61)20(79)

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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