Kratos Defense and Security Solutions Inc
NASDAQ:KTOS
Income Statement
Earnings Waterfall
Kratos Defense and Security Solutions Inc
Revenue
|
1B
USD
|
Cost of Revenue
|
-768.5m
USD
|
Gross Profit
|
268.6m
USD
|
Operating Expenses
|
-236.2m
USD
|
Operating Income
|
32.4m
USD
|
Other Expenses
|
-41.3m
USD
|
Net Income
|
-8.9m
USD
|
Income Statement
Kratos Defense and Security Solutions Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Oct-2017 | Dec-2017 | Apr-2018 | Jul-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Oct-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
844
N/A
|
765
-9%
|
736
-4%
|
700
-5%
|
763
+9%
|
746
-2%
|
701
-6%
|
671
-4%
|
657
-2%
|
653
-1%
|
660
+1%
|
664
+1%
|
542
-18%
|
521
-4%
|
501
-4%
|
492
-2%
|
603
+23%
|
614
+2%
|
618
+1%
|
620
+0%
|
618
0%
|
635
+3%
|
672
+6%
|
697
+4%
|
718
+3%
|
726
+1%
|
709
-2%
|
726
+3%
|
748
+3%
|
773
+3%
|
808
+4%
|
806
0%
|
812
+1%
|
814
+0%
|
833
+2%
|
861
+3%
|
898
+4%
|
934
+4%
|
967
+4%
|
1 013
+5%
|
1 037
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(640)
|
(582)
|
(566)
|
(540)
|
(584)
|
(572)
|
(534)
|
(507)
|
(495)
|
(493)
|
(497)
|
(515)
|
(421)
|
(400)
|
(388)
|
(368)
|
(446)
|
(452)
|
(454)
|
(449)
|
(448)
|
(462)
|
(490)
|
(510)
|
(528)
|
(535)
|
(520)
|
(529)
|
(545)
|
(565)
|
(593)
|
(588)
|
(586)
|
(588)
|
(601)
|
(635)
|
(672)
|
(700)
|
(727)
|
(755)
|
(769)
|
|
Gross Profit |
205
N/A
|
183
-11%
|
170
-7%
|
160
-6%
|
179
+12%
|
174
-3%
|
167
-4%
|
165
-1%
|
162
-2%
|
159
-1%
|
164
+3%
|
149
-9%
|
121
-19%
|
121
+0%
|
113
-6%
|
124
+10%
|
158
+27%
|
162
+3%
|
164
+1%
|
171
+4%
|
170
-1%
|
174
+2%
|
183
+5%
|
187
+2%
|
190
+2%
|
191
+0%
|
189
-1%
|
197
+5%
|
203
+3%
|
208
+3%
|
214
+3%
|
218
+2%
|
225
+3%
|
226
+0%
|
232
+3%
|
226
-2%
|
226
0%
|
234
+3%
|
240
+3%
|
258
+8%
|
269
+4%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(193)
|
(181)
|
(173)
|
(166)
|
(172)
|
(171)
|
(171)
|
(164)
|
(167)
|
(166)
|
(162)
|
(162)
|
(129)
|
(122)
|
(118)
|
(116)
|
(145)
|
(144)
|
(142)
|
(139)
|
(135)
|
(137)
|
(142)
|
(145)
|
(149)
|
(154)
|
(158)
|
(165)
|
(172)
|
(177)
|
(183)
|
(189)
|
(195)
|
(202)
|
(207)
|
(216)
|
(221)
|
(227)
|
(230)
|
(233)
|
(236)
|
|
Selling, General & Administrative |
(173)
|
(161)
|
(151)
|
(142)
|
(135)
|
(149)
|
(149)
|
(144)
|
(138)
|
(149)
|
(146)
|
(148)
|
(104)
|
(107)
|
(102)
|
(100)
|
(117)
|
(127)
|
(125)
|
(122)
|
(114)
|
(122)
|
(125)
|
(128)
|
(123)
|
(134)
|
(137)
|
(140)
|
(138)
|
(148)
|
(150)
|
(155)
|
(156)
|
(166)
|
(172)
|
(179)
|
(175)
|
(187)
|
(190)
|
(192)
|
(191)
|
|
Research & Development |
(20)
|
(19)
|
(19)
|
(19)
|
(19)
|
(18)
|
(18)
|
(17)
|
(16)
|
(15)
|
(15)
|
(15)
|
(14)
|
(15)
|
(16)
|
(17)
|
(18)
|
(17)
|
(17)
|
(17)
|
(16)
|
(16)
|
(17)
|
(17)
|
(18)
|
(20)
|
(21)
|
(24)
|
(27)
|
(29)
|
(34)
|
(34)
|
(35)
|
(36)
|
(35)
|
(37)
|
(39)
|
(40)
|
(40)
|
(41)
|
(38)
|
|
Depreciation & Amortization |
0
|
(2)
|
(3)
|
(5)
|
(19)
|
0
|
(3)
|
(3)
|
(13)
|
0
|
0
|
0
|
(11)
|
0
|
0
|
0
|
(11)
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
(7)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
12
N/A
|
1
-89%
|
(3)
N/A
|
(6)
-84%
|
7
N/A
|
3
-57%
|
(4)
N/A
|
1
N/A
|
(5)
N/A
|
(7)
-33%
|
2
N/A
|
(13)
N/A
|
(8)
+39%
|
(2)
+80%
|
(5)
-206%
|
8
N/A
|
13
+56%
|
18
+46%
|
22
+23%
|
32
+45%
|
34
+6%
|
36
+6%
|
41
+12%
|
42
+3%
|
41
-2%
|
37
-10%
|
31
-16%
|
33
+5%
|
32
-3%
|
32
0%
|
31
-1%
|
29
-7%
|
30
+3%
|
24
-19%
|
25
+2%
|
11
-57%
|
5
-53%
|
7
+41%
|
10
+38%
|
25
+162%
|
32
+30%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(46)
|
(42)
|
(36)
|
(28)
|
(39)
|
(36)
|
(35)
|
(36)
|
(36)
|
(36)
|
(36)
|
(35)
|
(35)
|
(34)
|
(33)
|
(32)
|
(29)
|
(26)
|
(24)
|
(21)
|
(21)
|
(21)
|
(21)
|
(21)
|
(22)
|
(22)
|
(22)
|
(22)
|
(23)
|
(23)
|
(23)
|
(23)
|
(23)
|
(23)
|
(21)
|
(19)
|
(18)
|
(17)
|
(19)
|
(20)
|
(21)
|
|
Non-Reccuring Items |
6
|
6
|
(35)
|
(42)
|
(41)
|
(41)
|
(1)
|
(5)
|
(3)
|
(7)
|
(12)
|
(9)
|
(10)
|
(7)
|
(2)
|
(2)
|
(42)
|
(40)
|
(43)
|
(43)
|
(4)
|
(5)
|
(3)
|
(3)
|
(3)
|
(2)
|
(3)
|
(3)
|
(2)
|
(2)
|
(1)
|
(1)
|
(2)
|
(15)
|
(21)
|
(21)
|
(21)
|
(8)
|
(2)
|
(1)
|
(1)
|
|
Total Other Income |
(0)
|
1
|
0
|
(1)
|
1
|
1
|
0
|
1
|
(1)
|
(1)
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
(1)
|
(1)
|
(2)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
1
|
0
|
1
|
1
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
1
|
0
|
0
|
1
|
1
|
|
Pre-Tax Income |
(28)
N/A
|
(34)
-20%
|
(74)
-117%
|
(76)
-3%
|
(72)
+6%
|
(73)
-2%
|
(40)
+46%
|
(39)
+1%
|
(45)
-14%
|
(51)
-13%
|
(45)
+10%
|
(56)
-23%
|
(52)
+8%
|
(42)
+19%
|
(39)
+7%
|
(24)
+37%
|
(57)
-134%
|
(46)
+19%
|
(44)
+4%
|
(33)
+27%
|
9
N/A
|
9
N/A
|
16
+86%
|
17
+4%
|
16
-7%
|
12
-22%
|
6
-50%
|
8
+36%
|
7
-18%
|
7
+6%
|
7
N/A
|
4
-42%
|
4
+5%
|
(15)
N/A
|
(17)
-16%
|
(31)
-78%
|
(33)
-7%
|
(18)
+46%
|
(11)
+37%
|
4
N/A
|
11
+152%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(1)
|
(0)
|
(2)
|
(1)
|
(4)
|
(4)
|
(5)
|
10
|
11
|
10
|
10
|
(7)
|
(6)
|
(4)
|
(3)
|
(0)
|
(30)
|
(29)
|
(28)
|
(33)
|
(5)
|
(2)
|
(5)
|
(4)
|
(5)
|
(5)
|
(1)
|
(3)
|
74
|
75
|
77
|
76
|
(4)
|
(2)
|
(6)
|
0
|
(1)
|
(6)
|
(8)
|
(13)
|
(9)
|
|
Income from Continuing Operations |
(30)
|
(35)
|
(76)
|
(77)
|
(76)
|
(77)
|
(45)
|
(29)
|
(33)
|
(41)
|
(35)
|
(63)
|
(58)
|
(46)
|
(42)
|
(25)
|
(87)
|
(76)
|
(72)
|
(65)
|
4
|
7
|
12
|
13
|
11
|
7
|
6
|
6
|
80
|
82
|
84
|
80
|
1
|
(17)
|
(24)
|
(31)
|
(34)
|
(24)
|
(20)
|
(9)
|
2
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(0)
|
(0)
|
0
|
1
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(4)
|
(5)
|
(7)
|
(12)
|
(11)
|
|
Net Income (Common) |
(37)
N/A
|
(42)
-13%
|
(82)
-96%
|
(83)
-1%
|
(78)
+6%
|
(79)
-2%
|
(44)
+44%
|
22
N/A
|
20
-9%
|
14
-30%
|
19
+33%
|
(60)
N/A
|
(61)
0%
|
(48)
+20%
|
(44)
+9%
|
(25)
+44%
|
(43)
-72%
|
(35)
+18%
|
(36)
-4%
|
(30)
+16%
|
(4)
+88%
|
2
N/A
|
13
+644%
|
14
+6%
|
13
-12%
|
9
-26%
|
5
-50%
|
5
-2%
|
80
+1 669%
|
82
+3%
|
84
+2%
|
79
-6%
|
(2)
N/A
|
(20)
-890%
|
(26)
-29%
|
(31)
-22%
|
(37)
-18%
|
(28)
+24%
|
(26)
+7%
|
(20)
+25%
|
(9)
+55%
|