KRATOS DEFENSE & SECURITY SOLUTIONS, INC. KTOS Cash Flow

Kratos defense & security solutions, inc. (KTOS)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Operating activities:
Net income (loss)
12,600	-3,500	-42,700	-60,500	19,800	-78,000	-37,200	-114,400	-24,200	14,500	-41,500
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
1,700	-7,600	4,200	-2,900	53,000	-2,300	-7,700	-1,500	-700	-100	-3,200
Income from continuing operations
10,900	4,100	-46,900	-57,600	-33,200	-75,700	-29,500	-112,900	-23,500	14,600	-38,300
Adjustments to reconcile income from continuing operations to net cash provided by operating activities from continuing operations:
Depreciation and amortization
23,400	17,900	22,200	22,500	25,500	32,400	46,400	58,000	48,000	12,900	8,300
Amortization of lease right-of-use assets
11,700	0	0	-	-	-	-	-	-	-	-
Stock-based compensation
11,000	7,200	7,800	5,100	6,100	3,600	7,200	6,600	3,300	1,900	1,700
Deferred income taxes
-4,900	-400	-9,500	4,600	900	1,800	-400	-2,500	-100	-200	-
Mark to market on swaps
-	-	-	-	-	-	-	-	300	1,000	100
Goodwill and Intangible Asset Impairment
0	0	24,200	0	0	-	-	96,600	0	0	-
Gain (Loss) on Extinguishment of Debt
0	0	-17,300	200	-3,400	-39,100	0	0	-	-	-
Non-cash income tax benefit
-	-	-	-	18,700	0	0	-	-	-	-
Amortization of deferred financing costs
1,000	1,000	1,300	1,500	1,900	3,200	5,100	5,100	3,800	5,000	700
Accrual for litigation settlement
-	-	-	-	-	-	-	-	-	-	500
Goodwill impairment charges
-	-	-	-	-	-	-	-	-	-	41,300
Amortization of premium and discount on Senior Secured Notes
0	0	700	900	1,100	-900	-4,200	-4,200	-2,800	0	-
Provision for doubtful accounts
-200	1,800	0	100	400	1,500	1,000	400	1,800	400	400
Litigation related charges
-	-	-	-	0	0	-	-	-	-	-
Provision for non-cash restructuring charges
-	-	-	9,100	0	0	-	-	-	-	-
Change in accrual for excess facilities
-	-	-	-	2,300	-200	4,700	-1,800	0	1,400	-600
Changes in assets and liabilities, net of acquisitions:
Accounts receivable
11,600	-8,200	-500	9,900	-10,300	-14,800	-12,000	-2,800	14,400	-2,900	-17,400
Unbilled receivables
1,600	35,900	35,200	17,900	-	-	-	-	-	-	-
Inventoried costs
4,600	-2,000	-7,200	2,500	8,200	-2,700	-18,300	5,200	-4,300	-2,900	-200
Prepaid expenses
-300	-2,200	3,000	-1,700	3,500	-2,700	-2,200	1,700	-1,400	2,900	-1,300
Other assets
900	-1,200	2,700	-2,800	3,200	-1,300	6,900	200	-1,300	-3,200	-4,600
Operating lease liabilities
-6,300	0	0	-	-	-	-	-	-	-	-
Accounts payable
4,800	12,200	-8,300	1,700	2,900	-11,600	-23,200	25,600	-15,800	8,700	1,800
Accrued expenses
-6,400	-1,700	-3,800	20,600	600	-9,800	-500	-10,300	1,000	-10,000	-4,000
Accrued compensation
1,700	3,300	-2,900	2,500	-4,400	1,000	-2,300	4,300	-3,800	3,400	1,400
Accrued interest
-100	-100	-1,900	-300	1,500	400	-1,100	1,200	3,100	600	-
Billings in excess of costs and earnings on uncompleted contracts
-2,400	-6,900	6,300	-600	-7,300	-900	6,300	-5,000	-1,800	3,200	-3,900
Accrual for contingent acquisition consideration
-	-	-	-	-	-	-	-	-	-	-100
Income tax receivable and payable
1,800	200	1,400	1,200	-3,100	400	1,600	-700	-200	-300	500
Other liabilities
1,300	1,800	-1,600	100	-400	-3,700	-5,400	-7,400	-100	-15,600	-7,100
Net cash provided by operating activities from continuing operations
28,900	18,100	-26,900	-14,600	-29,700	2,500	21,900	52,300	5,200	28,300	26,200
Investing activities:
Payments to Acquire Businesses, Net of Cash Acquired
17,700	2,900	0	5,100	0	2,600	-2,200	149,400	391,100	206,900	1,100
Capital expenditures
-	-	-	-	-	-	-	-	-	-	2,400
Capital expenditures
26,300	22,600	26,100	9,000	11,300	11,600	13,300	16,600	7,500	2,300	400
Proceeds from sale of assets
300	66,000	700	0	900	0	0	-	-	-	-
Change in restricted cash
-	-	-	-	-4,700	400	-400	-600	-3,000	100	-
Net cash provided by (used in) investing activities from continuing operations
-43,700	40,500	-25,400	-14,100	-5,700	-14,600	-10,700	-165,100	-395,600	-209,200	-7,500
Financing activities:
Proceeds from the issuance of long-term debt
0	0	300,000	0	0	618,500	0	0	-	-	-
Extinguishment of long-term debt
0	0	448,800	14,100	175,000	661,500	0	0	-	-	-
Proceeds from the issuance of long-term debt, net of issuance costs
-	-	-	-	-	-	-	-	425,700	225,000	-
Proceeds (expenses) from the issuance of common stock
0	1,100	269,100	76,200	0	0	-	97,000	61,100	24,700	17,500
Payments of subordinated debt
-	-	-	-	-	-	-	-	-	-	2,100
Borrowing under credit facility
-	-	-	-	-	41,000	0	50,000	0	61,900	22,500
Repayment under credit facility and debt
0	800	1,000	1,000	42,000	1,000	1,000	51,000	2,700	119,600	46,900
Repayment of capital lease obligations
-	-	-	-	-	-	-	-	-	-	200
Purchase of treasury stock
-	-	-	-	-	-	-	-	10,900	0	-
Cash paid for contingent acquisition consideration
-	-	-	-	1,100	0	2,100	2,500	0	0	3,600
Debt issuance costs
0	100	6,600	0	0	10,000	0	1,200	22,100	11,000	500
Finance Lease, Principal Payments
500	0	0	-	-	-	-	-	-	-	-
Proceeds from exercise of restricted stock units, employee stock options, and employee stock purchase plan
4,000	3,700	1,500	2,000	3,400	3,300	1,500	0	2,000	1,700	600
Other
0	0	-800	0	0	-	-400	-1,400	-700	-800	-
Net cash provided by financing activities from continuing operations
3,500	1,700	113,400	63,100	-214,700	-9,700	-2,000	90,900	452,400	181,900	-9,100
Net cash flows of continuing operations
-11,300	60,300	61,100	34,400	-250,100	-21,800	9,200	-21,900	62,000	1,000	9,600
Net operating cash flows of discontinued operations
1,100	-7,700	-800	1,500	2,800	4,100	-1,400	1,300	-2,700	-100	-3,400
Net investing cash flows of discontinued operations
0	0	-600	4,000	242,500	-2,600	-2,000	300	0	100	-
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-200	-500	500	-300	-200	-400	0	0	-500	0	-
Net decrease in cash, cash equivalents and restricted cash
-10,400	52,100	60,200	39,600	-5,000	-20,700	5,800	-20,600	58,800	900	6,200
Supplemental disclosure of cash flow information:
Cash paid during the year for interest
19,900	20,500	28,300	32,400	43,800	57,100	63,800	64,000	46,200	15,400	7,700
Net cash paid during the year for income taxes
600	1,500	-600	-100	8,800	1,200	200	2,700	1,500	900	300
Non-cash investing and financing activities:
Common stock and stock options issued for acquisitions
-	-	-	-	-	-	-	23,800	111,600	24,700	-
Liability for contingent cash consideration
-	-	-	-	-	-	-	2,100	1,800	5,800	-
Non-cash financing and investing activities:
Capital expenditures included in accounts payable and accrued expenses
1,400	1,300	1,600	2,100	0	0	-	-	-	-	-
Fair value of assets acquired in acquisitions
-	-	-	-	-	-	-	218,300	731,300	304,900	-
Paid-in capital for contingent acquisition consideration
-	-	-	-	-	-	-	-	-	-	-300
Liabilities assumed in acquisitions
-	-	-	-	-	-	-	35,200	197,200	87,600	-