← KRATOS DEFENSE & SECURITY SOLUTIONS, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | ($60.5m) |
($42.7m)
+29.42%
|
($3.5m)
+91.80%
|
$12.5m
+457.14%
|
$79.6m
+536.80%
|
($2.0m)
-102.51%
|
($36.9m)
-1745.00%
|
($8.9m)
+75.88%
|
$16.3m
+283.15%
|
$22.0m
+34.97%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | $12.6m | $79.4m | ($1.6m) | ($33.2m) | $2.4m | $16.3m | $22.0m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | $100k | ($200k) | $400k | $3.7m | $11.3m | $0 | $0 | — | |
| Depreciation, Depletion and Amortization | $22.8m | $22.5m | $17.9m | $23.4m | $24.6m | $25.7m | $30.5m | $33.2m | $40.3m | $47.1m | $76.9m | |
| Amortization of Deferred Charges | $1.5m | $1.3m | $1.0m | $1.0m | $1.0m | $1.0m | $800k | $700k | $700k | $500k | — | |
| Amortization of Intangible Assets | $10.5m | $10.4m | $5.9m | $7.4m | $6.8m | $4.7m | $7.4m | $6.8m | $8.6m | $9.6m | — | |
| Amortization Cash Flow | — | — | — | — | — | $4.7m | $7.4m | $6.8m | — | — | — | |
| Amortization Of Intangibles | — | — | — | — | — | $4.7m | $7.4m | $6.8m | — | — | $6.8m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $40.9m | $44.7m | $51.9m | $59.3m | $76.9m | |
| Deferred Income Tax Expense (Benefit) | $4.7m | ($10.2m) | ($400k) | ($4.9m) | ($78.2m) | ($400k) | ($3.1m) | $2.5m | $4.4m | $8.1m | $10.2m | |
| Deferred Tax | — | — | — | — | — | — | ($3.1m) | $2.5m | $4.4m | $8.1m | $10.2m | |
| Share-based Payment Arrangement, Noncash Expense | $5.1m | $7.8m | $7.2m | $11.0m | $21.0m | $25.8m | $26.3m | $25.3m | $29.8m | $35.5m | $49.5m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | $9.1m | $12.5m | $3.7m | $17.4m | $20.0m | — | |
| Goodwill and Intangible Asset Impairment | — | $24.2m | $0 | $0 | — | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | $0 | — | — | — | — | — | — | — | — | — | $0 | |
| Restructuring Costs and Asset Impairment Charges | — | — | — | — | — | — | — | — | $3.2m | — | — | |
| Nonoperating Income (Expense) | ($33.7m) | ($45.0m) | ($21.8m) | ($22.3m) | ($22.5m) | ($23.5m) | ($30.1m) | ($20.0m) | ($2.5m) | $8.4m | — | |
| Other Nonoperating Income (Expense) | $800k | $900k | ($1.0m) | ($700k) | $300k | ($100k) | $600k | $500k | $500k | $2.5m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($75.9m) | ($11.4m) | ($53.4m) | ($168.0m) | ($208.1m) | |
| Increase (Decrease) in Accounts Receivable | $24.7m | $39.1m | ($8.2m) | $11.6m | $3.7m | ($2.6m) | $4.9m | $13.1m | ($11.2m) | $44.6m | ($140.6m) | |
| Change In Receivables | — | — | — | — | — | — | ($27.3m) | $1.3m | $5.1m | ($126.0m) | ($140.6m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($4.9m) | ($13.1m) | $11.2m | ($44.6m) | ($140.6m) | |
| Increase (Decrease) in Inventories | $2.7m | ($7.1m) | ($2.0m) | $4.6m | $5.3m | $5.3m | $23.8m | $29.6m | $5.0m | $19.3m | ($36.8m) | |
| Change In Inventory | — | — | — | — | — | — | ($23.8m) | ($29.6m) | ($5.0m) | ($19.3m) | ($36.8m) | |
| Increase (Decrease) in Accounts Payable | $2.9m | ($3.4m) | $12.2m | $4.8m | ($2.4m) | ($5.3m) | $4.5m | $4.4m | $15.1m | ($13.7m) | ($8.2m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $10.9m | $18.2m | $23.8m | $19.1m | ($8.2m) | |
| Change In Accrued Expense | — | — | — | — | — | — | $6.4m | $13.8m | $8.7m | $32.8m | $41.1m | |
| Increase (Decrease) in Other Operating Assets | ($3.2m) | $2.6m | ($1.2m) | $900k | $8.7m | $6.9m | $18.7m | $12.3m | $35.6m | $27.1m | — | |
| Change In Other Current Assets | — | — | — | — | — | — | ($18.7m) | ($12.3m) | ($35.6m) | ($27.1m) | ($27.1m) | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($17.9m) | ($13.0m) | ($13.9m) | ($15.2m) | ($19.1m) | |
| Net Cash Provided by (Used in) Operating Activities | ($7.6m) |
($5.5m)
+27.98%
|
($6.1m)
-11.06%
|
($2k)
+99.97%
|
$21k
+1124.82%
|
($798k)
-3817.32%
|
($25.7m)
-3120.11%
|
$65.2m
+353.70%
|
$49.7m
-23.77%
|
($42.1m)
-184.71%
|
($39.6m)
+5.94%
|
|
| Cash flows from investing activities: | ||||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($45.4m) | ($52.4m) | ($58.2m) | ($95.3m) | ($89.3m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $5.1m | $0 | $2.9m | $17.7m | $51.5m | $12.3m | $132.2m | ($300k) | $11.5m | $0 | ($358.7m) | |
| Net Other Investing Changes | — | — | — | — | — | $6.7m | $200k | $8.3m | — | $12.0m | $12.0m | |
| Net Cash Provided by (Used in) Investing Activities | $527k | $3.1m | $40.5m | ($43.7m) | ($87.3m) | ($52.1m) | ($177.4m) | ($43.8m) | ($69.7m) | ($88.3m) | ($420.5m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | $200k | ($17.3m) | $0 | $0 | $0 | $0 | ($13.0m) | $0 | $0 | ($500k) | — | |
| Repayments of Long-term Debt | $14.1m | $448.8m | $0 | $0 | — | — | — | — | — | — | ($182.9m) | |
| Proceeds from Issuance of Long-term Debt | $0 | $300.0m | $0 | $0 | $5.1m | $0 | $200.0m | $0 | $0 | $0 | $0 | |
| Issuance Of Debt | — | — | — | — | — | — | $300.0m | $69.0m | $10.0m | $0 | $0 | |
| Long Term Debt Issuance | — | — | — | — | — | — | $300.0m | $69.0m | $10.0m | $0 | $0 | |
| Long Term Debt Payments | — | — | — | — | — | — | ($353.7m) | ($102.5m) | ($53.9m) | ($186.8m) | ($182.9m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($53.7m) | ($33.5m) | ($43.9m) | ($186.8m) | ($182.9m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($53.7m) | ($33.5m) | ($43.9m) | ($186.8m) | ($182.9m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($353.7m) | ($102.5m) | ($53.9m) | ($186.8m) | ($182.9m) | |
| Proceeds from Issuance of Common Stock | $76.2m | $269.1m | ($1.1m) | $0 | $240.4m | $0 | $0 | $0 | $330.7m | $555.9m | $1.3b | |
| Common Stock Issuance | — | — | — | — | — | — | $0 | $0 | $330.7m | $555.9m | $1.3b | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $0 | $0 | $330.7m | $555.9m | $1.3b | |
| Proceeds from (Payments for) Other Financing Activities | — | ($800k) | $0 | $0 | — | — | — | — | — | $1.7m | — | |
| Net Other Financing Charges | — | — | — | — | — | — | ($15.8m) | ($3.7m) | ($17.4m) | ($18.3m) | ($60.5m) | |
| Net Cash Provided by (Used in) Financing Activities | $465k |
$113.4m
+24297.01%
|
$1.7m
-98.50%
|
$3.5m
+105.88%
|
$247.7m
+6977.14%
|
($9.3m)
-103.75%
|
($63.3m)
-580.65%
|
($30.7m)
+51.50%
|
$277.6m
+1004.23%
|
$360.7m
+29.94%
|
$1.1b
+209.29%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($300k) | $500k | $52.1m | ($10.4m) | $208.9m | ($32.1m) | ($268.1m) | ($8.5m) | $256.5m | $231.3m | $1.4b | |
| Beginning Cash Position | — | — | — | — | — | — | $349.4m | $81.3m | $72.8m | $329.3m | $783.6m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $183.0m | $172.6m | $381.5m | $349.4m | $81.3m | $72.8m | $329.3m | $560.6m | $1.4b | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($1.7m) | $800k | ($1.1m) | $1.0m | ($1.5m) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Proceeds from Stock Options Exercised | — | — | — | — | — | $0 | $6.2m | $6.5m | $8.2m | $9.9m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $32.4m | $28.3m | $20.5m | $19.9m | $19.9m | $19.9m | $13.7m | $19.6m | $14.6m | $6.3m | — | |
| Income Taxes Paid, Net | $0 | ($900k) | $1.5m | $600k | $2.5m | $2.0m | $4.4m | $6.5m | $5.0m | $6.5m | — | |
| Additional Financial Items | ||||||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | $400k | $400k | ($1.1m) | ($1.1m) | $0 | ($800k) | ($100k) | ($1.7m) | ($500k) | ($1.1m) | — | |
| Goodwill | $485.4m | $461.2m | $425.7m | $455.6m | $483.9m | $493.9m | $558.2m | $569.1m | $568.9m | $595.7m | $0 | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ($60.4m) | ($42.6m) | $4.1m | $10.9m | $80.3m | $500k | ($34.1m) | $2.2m | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ($100k) | ($100k) | ($7.6m) | $1.7m | ($900k) | ($2.1m) | $900k | $200k | — | — | — | |
| Income Tax Expense (Benefit) | $8.1m | ($8.2m) | $4.6m | $4.8m | ($73.5m) | $3.9m | $1.4m | $8.9m | $10.2m | $12.0m | — | |
| Proceeds from Contributions from Affiliates | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($63.3m) | ($30.7m) | $277.6m | $360.7m | $1.1b | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($177.4m) | ($43.8m) | ($69.7m) | ($88.3m) | ($420.5m) | |
| Cash From Discontinued Investing Activities | — | — | — | — | — | ($4.5m) | ($100k) | $0 | — | — | $0 | |
| Change In Account Payable | — | — | — | — | — | — | $4.5m | $4.4m | $15.1m | ($13.7m) | ($8.2m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($268.1m) | ($8.5m) | $256.5m | $231.3m | — | |
| Change In Interest Payable | — | — | — | — | — | ($100k) | $100k | $200k | — | — | ($700k) | |
| Change In Other Working Capital | — | — | — | — | — | — | $2.8m | $27.9m | ($26.0m) | ($4.6m) | ($13.2m) | |
| Change In Payable | — | — | — | — | — | — | $4.5m | $4.4m | $15.1m | ($13.7m) | ($8.2m) | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($1.9m) | ($3.9m) | ($1.8m) | $5.1m | ($4.2m) | |
| Changes In Cash | — | — | — | — | — | — | ($266.4m) | ($9.3m) | $257.6m | $230.3m | $655.5m | |
| End Cash Position | — | — | — | — | — | — | $81.3m | $72.8m | $329.3m | $560.6m | $1.4b | |
| Financing Cash Flow | — | — | — | — | — | — | ($63.3m) |
($30.7m)
+51.50%
|
$277.6m
+1004.23%
|
$360.7m
+29.94%
|
$1.1b
+209.29%
|
|
| Free Cash Flow | — | — | — | — | — | — | ($71.1m) | $12.8m | ($8.5m) | ($137.4m) | ($128.9m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($177.4m) | ($43.8m) | ($69.7m) | ($88.3m) | ($420.5m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($132.2m) | $300k | ($11.5m) | ($5.0m) | ($358.7m) | |
| Operating Gains Losses | — | — | — | — | — | — | $13.0m | — | — | $500k | $500k | |
| Other Non Cash Items | — | — | — | — | — | — | $6.3m | $700k | $700k | $500k | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $6.2m | $6.5m | $8.2m | $9.9m | $10.6m | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $0 | $1.0m | $0 | $0 | $100k | |
| Purchase Of Business | — | — | — | — | — | — | ($132.2m) | $0 | ($11.5m) | ($5.0m) | ($358.7m) | |
| Stock Based Compensation | — | — | — | — | — | — | $26.3m | $25.3m | $29.8m | $35.5m | $49.5m |