Kratos Defense & Security Solutions (KTOS) FY2015 results: revenue $657 million, down 13.9% on the year
Kratos Defense & Security Solutions, Inc. (KTOS) reported revenue of $657 million for fiscal 2015, the year ended 27 December 2015, down 13.9% on the year before. Net income was $20 million, and diluted earnings per share $0.34. The figures are the company's own, from the 10-K it filed with the SEC on 11 March 2016.
Revenue
$657 million
-13.9% on the year
FY2009FY2015
Operating margin
-1.5%
0.7% a year earlier
FY2009FY2015
Net income
$20 million
FY2009FY2015
Diluted EPS
$0.34
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
657
763
844
-13.9%
Cost of revenue
388
584
640
-33.5%
Gross profit
124
179
204
-30.8%
Gross margin
18.9%
23.5%
24.2%
Research and development
16.2
18.6
19.7
-12.9%
Selling, general and administrative
118
154
173
-23.0%
Operating income
-9.6
5.3
18.2
Operating margin
-1.5%
0.7%
2.2%
Interest expense
36.0
39.4
46.4
-8.6%
Pre-tax income
-49.6
-71.8
-28.4
Income tax
-13.8
3.9
1.1
Net income
19.8
-78.0
-37.2
Net margin
3.0%
-10.2%
-4.4%
Diluted EPS
$0.34
-$1.35
-$0.65
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
-26.9
6.6
20.5
Capital expenditure
11.3
11.6
13.3
-2.6%
Free cash flow
-38.2
-5.0
7.2
Free cash flow margin
-5.8%
-0.7%
0.9%
Depreciation and amortisation
25.5
32.4
46.4
-21.3%
Share-based compensation
6.1
3.6
7.2
+69.4%
Buybacks
n/a
n/a
0.0
Diluted shares, weighted
59m
58m
57m
+1.9%
Shares outstanding at period end
59m
58m
57m
+2.3%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
254
224
296
+13.3%
Debt
445
656
644
-32.2%
Other liabilities
204
250
276
-18.6%
Total liabilities and equity
903
1,131
1,217
-20.1%
Fixed assets
56.2
61.6
84.8
-8.8%
Goodwill
483
483
596
0.0%
Intangible assets
36.5
49.5
69.9
-26.3%
Cash and equivalents
28.5
33.5
54.2
-14.9%
Receivables
207
218
266
-4.9%
Inventory
56.3
48.3
75.3
+16.6%
Other assets
35.6
237
70.2
-85.0%
Total assets
903
1,131
1,217
-20.1%
10-K for the year ended 27 December 2015, filed 11 March 2016: the filing.