| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue from Contract with Customer, Excluding Assessed Tax | ||||||||||
717,500 | 618,000 | 603,300 | 541,900 | 512,500 | 763,000 | 844,100 | 969,200 | 713,900 | 408,500 | 334,500 |
Total costs | ||||||||||
527,500 | 448,300 | 445,700 | 421,400 | 388,300 | 583,600 | 639,600 | 712,000 | 522,700 | 324,200 | 270,900 |
Gross profit | ||||||||||
190,000 | 169,700 | 157,600 | 120,500 | 124,200 | 179,400 | 204,500 | 257,200 | 191,200 | 84,300 | 63,600 |
Selling, general and administrative expenses | ||||||||||
130,800 | 119,800 | 127,300 | 114,600 | 118,200 | 153,600 | 172,800 | 193,100 | 140,600 | 57,300 | 47,700 |
Recovery of unauthorized issuance of stock options, stock option investigation and related fees, and litigation settlement | ||||||||||
- | - | - | - | - | - | - | - | - | - | 200 |
Merger and acquisition expenses | ||||||||||
2,300 | 0 | 0 | - | 100 | 200 | -3,800 | -2,700 | 12,500 | 3,100 | - |
Research and development expenses | ||||||||||
18,000 | 15,600 | 17,800 | 13,900 | 16,200 | 18,600 | 19,700 | 17,800 | 8,600 | 2,200 | 1,800 |
Impairment of goodwill | ||||||||||
0 | 0 | 24,200 | 0 | - | - | - | 96,600 | 0 | 0 | 41,300 |
Restructuring expenses and other | ||||||||||
900 | 3,800 | 300 | 10,000 | -700 | 1,700 | -2,400 | 2,100 | 0 | -1,400 | - |
Operating income from continuing operations | ||||||||||
38,000 | 30,500 | -12,000 | -18,000 | -9,600 | 5,300 | 18,200 | -49,700 | 29,500 | 23,100 | -27,000 |
Other expense: | ||||||||||
Interest expense, net | ||||||||||
-21,600 | -20,800 | -28,600 | -34,700 | -36,000 | -39,200 | -46,200 | -66,100 | -51,100 | -22,300 | -10,400 |
Loss on extinguishment of debt | ||||||||||
0 | 0 | -17,300 | 200 | -3,400 | -39,100 | 0 | 0 | - | - | - |
Other expense, net | ||||||||||
-700 | -1,000 | 800 | 700 | -600 | 1,200 | -400 | 1,300 | 0 | 1,100 | 100 |
Total other expense, net | ||||||||||
-22,300 | -21,800 | -45,100 | -33,800 | -40,000 | -77,100 | -46,600 | -64,800 | -51,100 | -21,200 | -10,300 |
Income (loss) from continuing operations before income taxes | ||||||||||
15,700 | 8,700 | -57,100 | -51,800 | -49,600 | -71,800 | -28,400 | -114,500 | -21,600 | 1,900 | -37,300 |
Benefit for income taxes from continuing operations | ||||||||||
4,800 | 4,600 | -10,200 | 5,800 | -13,800 | 3,900 | 1,100 | -1,600 | 1,900 | -12,700 | 1,000 |
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ||||||||||
10,900 | 4,100 | -46,900 | -57,600 | -35,800 | -75,700 | -29,500 | -112,900 | -23,500 | 14,600 | - |
Discontinued operations: | ||||||||||
Loss from operations of discontinued component | ||||||||||
1,900 | -9,400 | 6,300 | -600 | - | -1,100 | -8,800 | - | - | - | - |
Discontinued Operation, Tax Effect of Discontinued Operation | ||||||||||
200 | -1,800 | 2,100 | 2,300 | - | 1,200 | -1,100 | - | - | - | - |
Loss from discontinued operations | ||||||||||
1,700 | -7,600 | 4,200 | -2,900 | - | -2,300 | -7,700 | -1,500 | -700 | -100 | -3,200 |
Less: Net income attributable to noncontrolling interest | ||||||||||
100 | 0 | 0 | - | - | - | - | - | - | - | - |
Loss from continuing operations | ||||||||||
- | - | - | - | - | - | - | - | - | - | -38,300 |
Net Income (Loss) Attributable to Parent | ||||||||||
12,600 | -3,500 | -42,700 | -60,500 | - | -78,000 | -37,200 | -114,400 | -24,200 | 14,500 | -41,500 |
Basic income and (loss) per common share attributable to Kratos: | ||||||||||
Basic income (loss) per common share attributable to Kratos: | ||||||||||
Income from continuing operations (in dollars per share) | ||||||||||
- | - | - | - | - | - | - | -2.41 | -0.86 | - | - |
Loss from discontinued operations (in dollars per share) | ||||||||||
- | - | - | - | - | - | - | -0.03 | -0.02 | - | - |
Net income per common share (in dollars per share) | ||||||||||
- | - | - | - | - | - | - | -2.44 | -0.88 | - | - |
Income (loss) from continuing operations (in dollars per share) | ||||||||||
0.10 | 0.04 | -0.52 | -0.94 | -0.61 | -1.31 | -0.52 | - | - | 0.88 | -2.76 |
Income (loss) from discontinued operations (in dollars per share) | ||||||||||
0.02 | -0.07 | 0.04 | -0.05 | - | -0.04 | -0.13 | - | - | -0.01 | -0.23 |
Net income (loss) per common share (in dollars per share) | ||||||||||
0.12 | -0.03 | -0.48 | -0.99 | - | -1.35 | -0.65 | - | - | 0.87 | -2.99 |
Diluted income (loss) per common share attributable to Kratos: | ||||||||||
Income from continuing operations (in dollars per share) | ||||||||||
0.10 | 0.04 | -0.52 | -0.94 | -0.61 | -1.31 | -0.52 | - | - | 0.87 | -2.76 |
Loss from discontinued operations (in dollars per share) | ||||||||||
0.01 | -0.07 | 0.04 | -0.05 | - | -0.04 | -0.13 | - | - | -0.01 | -0.23 |
Net income (loss) per common share (in dollars per share) | ||||||||||
0.11 | -0.03 | -0.48 | -0.99 | - | -1.35 | -0.65 | - | - | 0.86 | -2.99 |
Weighted average common shares outstanding: | ||||||||||
Weighted average common shares outstanding: | ||||||||||
Basic (in shares) | ||||||||||
- | - | - | - | - | - | - | 46,900 | 27,400 | - | - |
Basic (in shares) | ||||||||||
106,000 | 103,800 | 89,500 | 61,300 | 58,700 | 57,600 | 56,800 | - | - | 16,600 | 13,900 |
Diluted (in shares) | ||||||||||
109,200 | 106,100 | 89,500 | 61,300 | 58,700 | 57,600 | 56,800 | - | - | 16,900 | 13,900 |
Comprehensive Income | ||||||||||
Net income (loss) | ||||||||||
12,600 | -3,500 | -42,700 | -60,500 | - | -78,000 | -37,200 | -114,400 | -24,200 | 14,500 | -41,500 |
Postretirement benefit reserve adjustment net of tax expense | ||||||||||
- | - | - | -200 | - | 500 | 0 | 200 | 300 | 0 | - |
Other comprehensive income (loss), net of tax | ||||||||||
- | - | - | -300 | - | -900 | 0 | -600 | -200 | 0 | - |
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax | ||||||||||
- | - | - | -500 | - | -400 | 0 | -400 | 100 | 0 | - |
Comprehensive income attributable to Kratos | ||||||||||
- | - | - | -60,800 | - | -78,900 | -37,200 | -115,000 | -24,400 | 14,500 | -41,500 |
Service revenues | ||||||||||
Revenue from Contract with Customer, Excluding Assessed Tax | ||||||||||
272,600 | 200,700 | 197,800 | 221,300 | 209,600 | 390,800 | 443,600 | 450,000 | 351,000 | 284,800 | 314,000 |
Total costs | ||||||||||
192,000 | 137,800 | 138,600 | 162,100 | 159,500 | 304,600 | 335,200 | 350,800 | 260,700 | 221,200 | 255,700 |
Product sales | ||||||||||
Revenue from Contract with Customer, Excluding Assessed Tax | ||||||||||
444,900 | 417,300 | 405,500 | 320,600 | 302,900 | 372,200 | 400,500 | 519,200 | 362,900 | 123,700 | 20,500 |
Total costs | ||||||||||
335,500 | 310,500 | 307,100 | 259,300 | 228,800 | 279,000 | 304,400 | 361,200 | 262,000 | 103,000 | 15,200 |