KRATOS DEFENSE & SECURITY SOLUTIONS, INC. KTOS Cash Flow

Kratos defense & security solutions, inc. (KTOS)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jul'18	Apr'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Operating activities:
Net income (loss)
9,300	12,600	14,700	13,800	1,800	-3,500	-30,400	-36,400	-34,900	-42,700	-24,800	-44,100	-48,300	-60,500	-60,200	18,500	13,800	19,800	21,600	-44,400	-79,200	-78,000	-83,200	-82,200	-41,900	-37,200	-119,800	-114,100	-121,700	-114,400	-33,000	-35,700	-23,700	-24,200	0	0	0
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
1,900	1,700	1,900	2,200	-4,700	-7,600	-5,300	-4,000	600	4,200	-300	-2,000	-2,800	-2,900	2,800	53,800	54,700	53,000	50,600	200	-3,900	-2,300	-5,800	-6,700	-5,700	-7,700	-3,700	-3,100	-3,100	-1,500	-4,000	-3,900	-1,500	-700	0	0	0
Income from continuing operations
7,400	10,900	12,800	11,600	6,500	4,100	-25,100	-32,400	-35,500	-46,900	-24,500	-42,100	-45,500	-57,600	-63,000	-35,300	-40,900	-33,200	-29,000	-44,600	-75,300	-75,700	-77,400	-75,500	-36,200	-29,500	-116,100	-111,000	-118,600	-112,900	-29,000	-31,800	-22,200	-23,500	0	0	0
Adjustments to reconcile income from continuing operations to net cash provided by operating activities from continuing operations:
Depreciation and amortization
24,600	23,400	21,100	19,800	18,500	17,900	19,000	20,500	21,200	22,200	22,000	21,700	21,900	22,500	23,300	23,600	24,700	25,500	27,700	30,200	29,700	32,400	29,900	34,400	41,800	46,400	56,200	59,900	58,600	58,000	59,100	57,700	56,800	48,000	0	0	0
Amortization of lease right-of-use assets
10,900	11,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation
13,100	11,000	10,300	9,200	8,100	7,200	6,100	7,200	7,400	7,800	7,700	6,000	5,700	5,100	4,800	5,300	5,600	6,100	1,700	2,900	3,800	3,600	8,600	7,900	7,100	7,200	8,000	8,200	7,400	6,600	5,600	4,200	3,800	3,300	0	0	0
Deferred income taxes
-2,500	-4,900	-5,000	-2,800	-3,800	-400	-10,800	-12,400	-10,300	-9,500	3,200	4,800	4,200	4,600	800	-700	300	900	5,500	5,800	3,600	1,800	0	0	0	-	-	-	-	-	-	-	-	-100	0	0	0
Mark to market on swaps
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	300	0	0	0
Gain (Loss) on Extinguishment of Debt
-	-	-	-	-	-	-	-	-	-17,300	-1,900	-1,900	2,300	200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs
1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,100	1,100	1,300	1,300	1,400	1,500	1,500	1,600	1,700	1,800	1,900	2,200	2,100	2,400	3,200	3,700	4,600	5,100	5,100	5,200	5,200	5,100	5,100	5,100	5,000	4,700	3,800	0	0	0
Amortization of premium and discount on Senior Secured Notes
-	-	-	-	-	-	-	-	-	700	800	900	900	900	900	900	1,000	1,100	1,100	1,100	400	-900	-2,200	-3,500	-4,200	-4,200	-4,200	-4,200	-4,200	-4,200	0	0	0	-	-	-	-
Provision for doubtful accounts
0	-	-	-	0	-	-	-	-	-	-	-	-	100	200	0	600	400	800	1,800	1,500	1,500	1,400	1,100	1,000	1,000	800	300	200	400	0	0	0	-	-	-	-
Litigation related charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,700	1,700	1,700	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for non-cash restructuring charges
-	-	-	-	-	-	-	-	-	-	-	-	-	9,100	7,700	7,700	3,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in accrual for excess facilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-200	-2,300	4,500	4,500	4,700	0	0	0	-	-	-	-	-	-	-	-
Changes in assets and liabilities, net of acquisitions:
Accounts receivable
-4,000	11,600	-1,800	-4,500	17,200	-8,200	-3,900	-900	-15,300	-500	-3,800	-4,000	4,300	9,900	15,300	8,300	3,800	-10,300	-26,300	-26,900	-7,100	-14,800	-20,700	5,900	-39,600	-12,000	-11,200	-9,400	19,900	-2,800	10,100	4,600	4,500	14,400	0	0	0
Unbilled receivables
22,800	1,600	4,700	3,600	2,000	35,900	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventoried costs
-4,700	4,600	9,200	14,800	10,100	-2,000	-12,800	-14,900	-17,400	-7,200	-1,300	6,500	9,800	2,500	7,200	3,700	2,300	8,200	1,200	1,500	-1,900	-2,700	-1,800	-5,600	-5,300	-18,300	-16,100	-13,600	-8,200	5,200	9,400	11,700	4,100	-4,300	0	0	0
Prepaid expenses and other assets
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 lease liabilities
-12,500	-6,300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
-4,000	4,800	-2,500	9,800	14,400	12,200	3,900	-5,900	-11,400	-8,300	-900	6,600	10,600	1,700	18,500	400	900	2,900	-18,200	-20,000	-4,700	-11,600	-7,500	5,300	-24,900	-23,200	-23,300	-2,700	7,600	25,600	49,400	2,800	-12,900	-15,800	0	0	0
Accrued expenses
-8,100	-6,400	-1,000	-300	1,700	-1,700	3,000	400	-9,900	-3,800	900	17,000	23,700	20,600	18,600	2,700	600	600	-8,000	-9,500	-7,700	-9,800	-6,900	2,900	-1,000	-500	-6,600	-18,400	-11,300	-10,300	-21,500	9,000	6,300	1,000	0	0	0
Accrued compensation
2,300	1,700	2,200	-2,700	2,600	3,300	3,300	3,900	3,600	-2,900	2,200	2,300	4,000	2,500	2,900	0	-1,600	-4,400	-2,400	-600	300	1,000	700	300	-4,300	-2,300	-5,000	2,800	-700	4,300	-6,400	-8,300	-5,100	-3,800	0	0	0
Advance payments received on contracts
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advance payments received on contracts
-	-	-	-	-	-	0	0	0	-	-	-	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest
0	-	-	-	0	-	-	-	-3,000	-1,900	-1,600	-800	-2,200	-300	-100	1,500	-1,500	1,500	-1,700	0	-4,300	400	-5,200	-400	-800	-1,100	200	900	900	1,200	0	0	0	-	-	-	-
Billings in excess of costs and earnings on uncompleted contracts
-2,000	-2,400	-8,400	4,000	-200	-6,900	-5,700	-2,200	1,400	6,300	9,800	-1,900	-6,100	-600	-6,700	-6,700	-5,900	-7,300	5,500	4,900	4,500	-900	-7,900	-1,100	1,300	6,300	7,200	-800	1,000	-5,000	-600	8,200	1,400	-1,800	0	0	0
Income tax receivable and payable
-500	1,800	2,700	2,400	1,400	200	-700	-800	1,200	1,400	1,700	2,300	1,200	1,200	-2,600	-400	-3,000	-3,100	-1,400	-5,100	-1,100	400	-200	400	500	1,600	4,000	4,900	7,200	-700	-2,000	-1,900	-3,000	-200	0	0	0
Other liabilities
7,700	1,300	-3,100	-9,800	-3,700	1,800	2,700	4,900	-1,600	-1,600	-3,200	-1,400	-2,300	100	4,100	2,300	3,300	-400	-3,200	-4,800	-5,200	-3,700	-400	100	-4,400	-5,400	-13,500	-13,500	-8,000	-7,400	0	0	0	-	-	-	-
Net cash provided by operating activities from continuing operations
16,900	28,900	32,900	36,700	27,600	18,100	5,400	-9,200	-15,000	-26,900	-22,800	-18,500	-8,500	-14,600	-15,000	-27,000	-38,400	-29,700	-6,000	-6,000	-2,000	2,500	-4,000	6,900	18,500	21,900	28,200	50,900	32,400	52,300	27,700	25,100	33,400	5,200	0	0	0
Investing activities:
Payments to Acquire Businesses, Net of Cash Acquired
14,300	17,700	17,600	20,500	20,500	2,900	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	2,600	2,600	600	600	-2,200	-2,200	126,700	126,700	149,400	166,700	163,400	188,500	391,100	0	0	0
Capital expenditures
28,700	26,300	22,600	21,400	19,900	22,600	25,300	24,600	27,700	26,100	22,600	18,000	12,000	9,000	8,300	9,600	11,500	11,300	11,300	10,900	10,400	11,600	9,500	11,900	13,100	13,300	16,800	17,700	17,200	16,600	0	0	0	-	-	-	0
Change in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,700	-4,400	-4,400	-3,400	400	200	-100	-200	-400	-600	-500	-400	-600	-200	-2,100	-104,500	-3,000	0	0	0
Net cash used in investing activities from continuing operations
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities from continuing operations
-	-	-	-	-	-	-	43,400	-27,000	-25,400	-26,900	-22,500	-17,100	-14,100	-8,200	-9,600	-9,700	-5,700	-6,000	-6,600	-8,000	-14,600	-12,700	-12,800	-13,500	-10,700	-13,300	-143,200	-143,200	-165,100	-180,700	-172,300	-93,700	-395,600	0	0	0
Financing activities:
Extinguishment of long-term debt
-	-	-	-	-	-	-	-	-	448,800	78,100	78,100	78,100	14,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the issuance of long-term debt, net of issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	425,700	0	0	0
Proceeds (expenses) from the issuance of common stock
-	-	-	-	-	1,100	0	186,300	186,100	269,100	344,200	157,900	158,100	76,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	61,100	0	0	0
Repayment under credit facility and debt
-	-	-	-	-	800	1,000	1,000	900	1,000	1,000	1,000	1,000	1,000	1,100	42,000	42,100	42,000	42,000	1,000	1,000	1,000	900	1,000	900	1,000	11,000	51,000	51,000	51,000	0	0	0	-	-	-	-
Debt issuance costs
-	-	-	-	-	100	6,700	6,700	6,700	6,600	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22,100	0	0	0
Finance Lease, Principal Payments
500	500	400	200	100	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of restricted stock units, employee stock options, and employee stock purchase plan
-	-	-	-	-	-	-	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,200	1,400	1,400	-400	700	-1,400	-1,500	-1,400	-3,100	-2,000	-2,000	-700	0	0	0
Proceeds from exercise of restricted stock units, employee stock options, and employee stock purchase plan
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities from continuing operations
4,000	3,500	2,600	2,300	2,100	1,700	-89,600	95,700	95,400	113,400	266,500	80,400	80,600	63,100	500	-214,600	-215,300	-214,700	-215,700	200	-9,600	-9,700	-8,200	-8,600	-100	-2,000	-2,400	-4,700	90,800	90,900	77,000	194,800	88,300	452,400	0	0	0
Net cash flows of continuing operations
-21,800	-11,300	-5,400	-4,800	55,300	60,300	-45,600	129,900	53,400	61,100	216,800	39,400	55,000	34,400	-22,700	-251,200	-263,400	-250,100	-227,700	-12,400	-19,600	-21,800	-24,900	-14,500	4,900	9,200	12,500	-97,000	-20,000	-21,900	-76,000	47,600	28,000	62,000	0	0	0
Net operating cash flows of discontinued operations
2,100	1,100	-500	-1,600	-4,300	-7,700	-6,700	-10,900	400	-800	900	5,400	-2,400	1,500	1,000	-600	3,100	2,800	9,100	14,300	3,900	4,100	-5,000	-8,900	-2,100	-1,400	-300	800	-2,400	1,300	4,700	-1,500	1,300	-2,700	0	0	0
Net investing cash flows of discontinued operations
-	-	-	-	-	-	-	-	-	-600	-900	-900	-900	4,000	6,500	247,500	247,500	242,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-100	-200	-600	-500	-800	-500	-300	300	700	500	0	0	0	-	-	-	-	-200	-400	-600	-800	-400	-200	300	300	0	0	200	-200	0	0	0	0	-	-	-	-
Net decrease in cash, cash equivalents and restricted cash
-19,800	-10,400	-6,500	-6,900	50,200	52,100	-52,600	119,100	54,100	60,200	217,000	43,800	51,400	39,600	-15,300	-4,600	-12,600	-5,000	19,700	-1,800	-19,400	-20,700	-33,100	-25,100	1,100	5,800	12,200	-96,000	-22,600	-20,600	-71,500	45,300	28,700	58,800	0	0	0
Supplemental disclosure of cash flow information:
Finance lease - cash paid for interest
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business Combination, Consideration Transferred
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Acquire Businesses, Gross
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred purchase consideration
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-