KRATOS DEFENSE & SECURITY SOLUTIONS, INC. KTOS Income Statement

Kratos defense & security solutions, inc. (KTOS)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jul'18	Apr'18	Dec'17	Oct'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	Sep'10	Jun'10
Revenue from Contract with Customer, Excluding Assessed Tax
168,900	185,100	184,100	187,900	160,400	164,400	159,400	151,200	143,000	166,300	157,100	147,900	132,000	55,300	165,400	168,200	153,000	33,200	161,700	160,500	157,100	167,900	190,800	204,200	200,100	129,700	226,400	235,200	252,800	263,600	276,300	219,800	209,500	213,400	206,600	171,100	122,800	119,900	99,100
Total costs
123,100	136,700	135,500	139,800	115,500	118,900	115,300	111,900	102,200	119,500	119,900	110,400	95,900	41,800	139,500	123,000	117,100	28,600	121,300	119,600	118,800	131,600	148,400	156,100	147,500	103,600	174,100	174,800	187,100	196,000	202,200	162,100	151,700	154,000	147,600	125,700	95,400	95,500	79,200
Gross profit
45,800	48,400	48,600	48,100	44,900	45,500	44,100	39,300	40,800	46,800	37,200	37,500	36,100	13,500	25,900	45,200	35,900	4,600	40,400	40,900	38,300	36,300	42,400	48,100	52,600	26,100	52,300	60,400	65,700	67,600	74,100	57,700	57,800	59,400	59,000	45,400	27,400	24,400	19,900
Selling, general and administrative expenses
34,900	33,100	32,500	33,700	31,500	30,400	29,500	30,100	29,800	32,500	32,900	31,900	30,000	5,000	35,500	36,400	37,700	5,600	34,900	40,300	37,400	29,500	40,400	40,300	43,400	27,800	47,800	48,000	49,200	51,800	54,500	42,600	44,200	44,900	42,400	33,700	19,600	16,500	13,800
Recovery of legal fees in connection with litigation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,400	-
Merger and acquisition expenses
400	400	100	600	1,200	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,500	200	-2,600	100	-5,400	300	1,500	900	1,200	3,700	1,800	5,800	400	1,100
Research and development expenses
5,700	5,000	4,600	4,500	3,900	4,000	4,400	3,600	3,600	5,100	4,200	4,100	4,400	3,800	3,200	4,000	2,900	4,500	3,500	4,300	3,900	3,900	4,900	4,600	5,200	5,200	4,800	4,800	4,900	4,900	4,500	4,800	3,600	3,600	3,200	1,200	600	500	500
Restructuring expenses and other
100	600	-100	300	100	300	100	3,000	400	0	0	0	300	-500	200	4,800	5,500	-2,000	400	0	900	0	100	900	700	2,900	-6,600	1,300	0	-	700	1,400	-	-	0	0	-	-	-
Operating income from continuing operations
4,700	9,300	11,500	9,000	8,200	10,800	10,100	2,600	7,000	-15,000	100	1,500	1,400	5,200	-13,000	0	-10,200	-3,600	1,600	-3,700	-3,900	2,700	-3,000	2,300	3,300	-8,300	6,100	8,900	11,500	-80,300	14,100	7,400	9,100	9,700	9,700	8,700	1,400	8,400	4,500
Other expense:
Interest expense, net
-5,400	-5,400	-5,400	-5,300	-5,500	-5,000	-5,000	-5,700	-5,100	-5,500	-7,700	-7,200	-8,200	-8,600	-8,700	-8,700	-8,700	-8,800	-9,500	-8,900	-8,800	-4,500	-8,700	-9,900	-16,100	2,500	-16,200	-16,300	-16,200	-16,200	-17,600	-16,200	-16,100	-16,300	-15,000	-13,100	-6,700	-6,400	-5,500
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-15,200	0	0	-2,100	200	0	0	0	-	-3,400	-	-	-	0	-39,100	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Other income (expense), net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200	400
Other expense, net
-500	400	-700	100	-500	-400	-300	-600	300	-100	600	100	200	100	100	200	300	0	300	-1,000	100	1,000	200	-200	200	-700	800	200	-700	0	400	500	400	0	-300	0	300	-6,200	-5,100
Total other expense, net
-5,900	-5,000	-6,100	-5,200	-6,000	-5,400	-5,300	-6,300	-4,800	-20,800	-7,100	-7,100	-10,100	-8,300	-8,600	-8,500	-8,400	-8,800	-12,600	-9,900	-8,700	-3,500	-8,500	-49,200	-15,900	1,800	-15,400	-16,100	-16,900	-16,200	-17,200	-15,700	-15,700	-16,300	-15,300	-13,100	-6,400	-	-
Income (loss) from continuing operations before income taxes
-1,200	4,300	5,400	3,800	2,200	5,400	4,800	-3,700	2,200	-35,800	-7,000	-5,600	-8,700	-3,100	-21,600	-8,500	-18,600	-12,400	-11,000	-13,600	-12,600	-800	-11,500	-46,900	-12,600	-6,500	-9,300	-7,200	-5,400	-96,500	-3,100	-8,300	-6,600	-6,600	-5,600	-4,400	-5,000	2,200	-600
Benefit for income taxes from continuing operations
-1,400	1,000	2,800	2,500	-1,500	200	3,400	100	900	-11,800	-1,100	1,300	1,400	-1,500	1,900	1,800	3,600	-2,700	-15,300	2,300	1,900	600	-200	1,200	2,300	-1,800	200	-100	2,800	-5,400	1,300	6,600	-4,100	600	1,600	900	-1,200	-1,100	-11,700
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
200	3,300	2,600	1,300	3,700	5,200	1,400	-3,800	1,300	-24,000	-5,900	-6,900	-10,100	-1,600	-23,500	-10,300	-22,200	-9,700	4,300	-15,900	-14,500	-1,400	-11,300	-48,100	-14,900	-4,700	-9,500	-7,100	-8,200	-91,100	-4,400	-14,900	-2,500	-	-7,200	-	-	-	11,100
Discontinued operations:
Loss from operations of discontinued component
-400	-500	0	2,900	-500	-300	500	-5,700	-3,900	1,800	2,900	1,300	300	-400	-100	-100	0	-	77,000	-700	-1,300	-	400	-1,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued Operation, Tax Effect of Discontinued Operation
0	200	0	-100	100	200	200	-1,800	-400	0	1,300	600	200	2,300	0	0	0	-	26,200	-1,600	400	-	0	400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations
-400	-700	0	3,000	-600	-500	300	-3,900	-3,500	1,800	1,600	700	100	-2,700	-100	-100	0	-	50,800	900	-1,700	-800	400	-1,800	-100	-2,700	-400	-2,500	-2,100	1,100	200	-2,300	-500	-1,400	300	100	300	-100	-400
Less: Net income attributable to noncontrolling interest
0	-400	100	400	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,300	-3,800	3,300	-
Net Income (Loss) Attributable to Parent
-200	3,000	2,600	4,300	3,100	4,700	1,700	-7,700	-2,200	-22,200	-4,300	-6,200	-10,000	-4,300	-23,600	-10,400	-22,200	-	55,100	-15,000	-16,200	-2,200	-10,900	-49,900	-15,000	-7,400	-9,900	-9,600	-10,300	-90,000	-4,200	-17,200	-3,000	-8,600	-6,900	-5,200	-3,500	3,200	10,700
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)
0.00	-	0.02	0.01	0.04	-	0.01	-0.04	0.01	-	-	-	-0.13	-	-	-	-0.37	-	-	-	-	-	-	-0.84	-0.26	-	-0.17	-0.12	-0.14	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations (in dollars per share)
0.00	-	0.00	0.03	-0.01	-	0.01	-0.03	-0.03	-	-	-	0.00	-	-	-	0.00	-	-	-	-	-	-	-0.03	0.00	-	0.00	-0.05	-0.04	-	-	-	-	-	-	-	-	-	-
Net income per common share (in dollars per share)
0.00	-	0.02	0.04	0.03	-	0.02	-0.07	-0.02	-	-	-	-0.13	-	-	-	-0.37	-	-	-	-	-	-	-0.87	-0.26	-	-0.17	-0.17	-0.18	-	-	-	-	-	-	-	-	-	-
Income (loss) from continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-0.07	-0.08	-	-	-0.39	-0.17	-	-0.16	0.07	-0.27	-0.25	-	-0.20	-	-	-	-	-	-	-	-0.08	-0.36	-0.08	-	-0.23	-0.22	-0.18	0.21	0.69
Income (loss) from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.02	0.01	-	-	0.00	0.00	-	-	0.86	0.02	-0.03	-	0.01	-	-	-	-	-	-	-	0.01	-0.05	-0.01	-	0.01	0.00	0.01	-0.01	-0.02
Net income (loss) per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-0.05	-0.07	-	-	-0.39	-0.17	-	-	0.93	-0.25	-0.28	-	-0.19	-	-	-	-	-	-	-	-0.07	-0.41	-0.09	-	-0.22	-0.22	-0.17	0.20	0.67
Diluted income (loss) per common share attributable to Kratos:
Income from continuing operations (in dollars per share)
0.00	0.04	0.02	0.01	0.03	0.06	0.01	-0.04	0.01	-	-0.07	-	-0.13	-	-	-	-	-	0.07	-	-0.25	-	-0.20	-	-	-	-	-	-	-	-0.08	-0.36	-0.08	-	-0.23	-0.22	-0.18	0.20	0.68
Loss from discontinued operations (in dollars per share)
0.00	-0.02	0.00	0.03	0.00	-0.02	0.01	-0.03	-0.03	-	0.02	-	0.00	-	-	-	-	-	0.85	-	-0.03	-	0.01	-	-	-	-	-	-	-	0.01	-0.05	-0.01	-	0.01	0.00	0.01	-0.01	-0.03
Net income (loss) per common share (in dollars per share)
0.00	0.02	0.02	0.04	0.03	0.04	0.02	-0.07	-0.02	-	-0.05	-	-0.13	-	-	-	-	-	0.92	-	-0.28	-	-0.19	-	-	-	-	-	-	-	-0.07	-0.41	-0.09	-	-0.22	-0.22	-0.17	0.19	0.65
Weighted average common shares outstanding:
Weighted average common shares outstanding:
Basic (in shares)
-	-	-	-	-	-	-	-	-	-	90,500	86,600	-	-	60,500	59,800	59,600	-	-	58,400	-	-	-	57,400	57,400	-	57,100	56,600	56,600	-	-	-	-	-	-	-	-	-	-
Basic (in shares)
107,200	106,500	106,500	106,100	104,900	103,900	103,900	103,700	103,700	-	-	-	77,300	-	-	-	-	-	59,000	-	58,300	-	57,800	-	-	-	-	-	-	-	56,600	41,700	32,500	-	30,800	23,800	21,300	16,100	16,000
Diluted (in shares)
110,100	109,700	109,900	109,400	107,800	108,600	106,400	103,700	105,700	-	90,500	-	77,300	-	-	-	-	-	60,000	-	58,300	-	57,800	-	-	-	-	-	-	-	56,600	41,700	32,500	-	30,800	23,800	21,300	16,300	16,400
Comprehensive Income
Net income (loss)
-200	3,000	2,600	4,300	3,100	4,700	1,700	-7,700	-2,200	-22,200	-4,300	-6,200	-10,000	-4,300	-23,600	-10,400	-22,200	-	55,100	-15,000	-16,200	-2,200	-10,900	-49,900	-15,000	-7,400	-9,900	-9,600	-10,300	-90,000	-4,200	-17,200	-3,000	-8,600	-6,900	-5,200	-3,500	3,200	10,700
Other comprehensive income (loss), net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-200	-200	-200	0	-300	100	0	0	-	-
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax
200	-	-200	-100	0	-	0	100	-100	-	-200	0	100	-300	-100	-100	0	-	100	300	-200	-200	-100	0	-100	0	-100	0	100	0	-200	-200	0	-	100	0	-	-	-
Less: Comprehensive income attributable to noncontrolling interest
0	-	100	400	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive income attributable to Kratos
0	-	2,400	4,200	3,100	-	1,700	-7,600	-2,300	-	-4,500	-6,200	-9,900	-4,400	-23,700	-10,500	-22,200	-	55,200	-14,700	-16,400	-2,900	-11,000	-49,900	-15,100	-7,400	-10,000	-9,600	-10,200	-90,200	-4,400	-17,400	-3,000	-8,900	-6,800	-5,200	-3,500	3,200	-
Service revenues
Revenue from Contract with Customer, Excluding Assessed Tax
63,600	65,500	70,800	73,700	62,600	52,800	54,900	47,000	46,000	47,200	47,600	53,800	49,200	-36,700	87,200	88,200	82,600	-53,900	87,400	88,800	87,300	91,300	97,100	101,800	100,600	109,100	108,800	110,200	115,500	110,200	125,600	112,100	102,100	102,700	93,200	75,300	79,800	75,800	71,100
Total costs
45,200	49,200	50,200	50,600	42,000	37,400	34,300	33,200	32,900	31,800	32,700	39,100	35,000	-27,300	64,700	64,400	60,300	-39,000	65,400	67,100	66,000	74,900	77,700	77,900	74,100	81,300	82,400	83,300	88,200	86,000	98,300	86,700	79,800	73,800	68,600	58,000	60,300	60,000	56,200
Product sales
Revenue from Contract with Customer, Excluding Assessed Tax
105,300	119,600	113,300	114,200	97,800	111,600	104,500	104,200	97,000	119,100	109,500	94,100	82,800	92,000	78,200	80,000	70,400	87,100	74,300	71,700	69,800	76,600	93,700	102,400	99,500	20,600	117,600	125,000	137,300	153,400	150,700	107,700	107,400	110,700	113,400	95,800	43,000	44,100	28,000
Total costs
77,900	87,500	85,300	89,200	73,500	81,500	81,000	78,700	69,300	87,700	87,200	71,300	60,900	69,100	74,800	58,600	56,800	67,600	55,900	52,500	52,800	56,700	70,700	78,200	73,400	22,300	91,700	91,500	98,900	110,000	103,900	75,400	71,900	80,200	79,000	67,700	35,100	35,500	23,000