Kratos Defense & Security Solutions (KTOS) FY2021 results: revenue $812 million, up 8.5% on the year
Kratos Defense & Security Solutions, Inc. (KTOS) reported revenue of $812 million for fiscal 2021, the year ended 26 December 2021, up 8.5% on the year before. Net income was -$2 million, and diluted earnings per share $-0.02. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2022.
Revenue
$812 million
+8.5% on the year
FY2014FY2021
Operating margin
3.4%
3.9% a year earlier
FY2014FY2021
Net income
-$2 million
FY2014FY2021
Diluted EPS
-$0.02
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
30.8
46.6
30.0
-33.9%
Capital expenditure
46.5
35.9
26.3
+29.5%
Free cash flow
-15.7
10.7
3.7
Free cash flow margin
-1.9%
1.4%
0.5%
Cash from investing
-52.1
-87.3
-43.7
Cash from financing
-9.3
248
3.5
Depreciation and amortisation
25.7
24.6
23.4
+4.5%
Share-based compensation
25.8
21.0
11.0
+22.9%
Diluted shares, weighted
128m
119m
109m
+7.8%
Shares outstanding at period end
124m
123m
107m
+0.8%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
945
925
574
+2.1%
Redeemable equity
15.2
14.8
15.0
+2.7%
Debt
297
302
295
-1.6%
Operating lease liabilities
32.7
38.6
37.6
-15.3%
Finance lease liabilities
43.2
38.8
38.4
+11.3%
Other liabilities
257
244
226
+5.3%
Total liabilities and equity
1,590
1,563
1,186
+1.7%
Fixed assets
n/a
n/a
117
Goodwill
494
484
456
+2.1%
Intangible assets
43.2
43.0
39.5
+0.5%
Cash and equivalents
349
381
173
-8.2%
Receivables
93.9
95.3
85.0
-1.5%
Other assets
609
560
316
+8.8%
Total assets
1,590
1,563
1,186
+1.7%
10-K for the year ended 26 December 2021, filed 22 February 2022: the filing.