Kratos Defense & Security Solutions (KTOS) FY2017 results: revenue $603 million, up 11.3% on the year
Kratos Defense & Security Solutions, Inc. (KTOS) reported revenue of $603 million for fiscal 2017, the year ended 31 December 2017, up 11.3% on the year before. Net income was -$43 million, and diluted earnings per share $-0.48. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2018.
Revenue
$603 million
+11.3% on the year
FY2010FY2017
Operating margin
-2.0%
-3.3% a year earlier
FY2010FY2017
Net income
-$43 million
FY2010FY2017
Diluted EPS
-$0.48
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
603
542
657
+11.3%
Cost of revenue
446
421
388
+5.8%
Gross profit
158
120
124
+30.8%
Gross margin
26.1%
22.2%
18.9%
Research and development
17.8
13.9
16.2
+28.1%
Selling, general and administrative
127
115
118
+11.1%
Operating income
-12.0
-18.0
-9.6
Operating margin
-2.0%
-3.3%
-1.5%
Interest expense
29.1
34.7
36.0
-16.1%
Pre-tax income
-57.1
-51.8
-49.6
Income tax
-10.2
5.8
-13.8
Net income
-42.7
-60.5
19.8
Net margin
-7.1%
-11.2%
3.0%
Diluted EPS
-$0.48
-$0.99
$0.34
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
-27.7
-13.1
-26.9
Capital expenditure
26.1
9.0
11.3
+190.0%
Free cash flow
-53.8
-22.1
-38.2
Free cash flow margin
-8.9%
-4.1%
-5.8%
Cash from financing
113
n/a
n/a
Depreciation and amortisation
22.2
22.5
25.5
-1.3%
Share-based compensation
7.8
5.1
6.1
+52.9%
Diluted shares, weighted
90m
61m
59m
+46.0%
Shares outstanding at period end
103m
74m
59m
+39.7%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
512
276
254
+85.1%
Debt
294
432
445
-31.9%
Other liabilities
218
240
204
-9.2%
Total liabilities and equity
1,024
949
903
+7.9%
Fixed assets
58.0
49.8
56.2
+16.5%
Goodwill
426
485
483
-12.3%
Intangible assets
22.0
32.6
36.5
-32.5%
Cash and equivalents
130
69.1
28.5
+88.9%
Receivables
74.2
229
207
-67.7%
Inventory
49.6
57.2
56.3
-13.3%
Other assets
264
25.1
35.6
+951.8%
Total assets
1,024
949
903
+7.9%
10-K for the year ended 31 December 2017, filed 28 February 2018: the filing.