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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 25, 2023
Jun. 30, 2024
Jun. 25, 2023
Total revenues $ 300.1 $ 256.9 $ 577.3 $ 488.7
Total costs 222.9 193.0 429.1 365.4
Gross profit 77.2 63.9 148.2 123.3
Selling, general and administrative expenses 54.5 47.3 108.9 95.1
Research and development expenses 10.2 9.9 19.8 20.1
Restructuring expenses and other 0.0 0.0 0.0 0.9
Operating income 12.5 6.7 19.5 7.2
Other expense:        
Interest income (expense), net 0.1 (5.1) (2.7) (10.4)
Other income (expense), net 0.1 0.2 (0.1) (0.1)
Total other income (expense), net 0.2 (4.9) (2.8) (10.5)
Income (loss) before income taxes 12.7 1.8 16.7 (3.3)
Provision for income taxes 4.8 2.2 7.5 2.9
Net income (loss) from consolidated operations 7.9 (0.4) 9.2 (6.2)
Less: Net income attributable to noncontrolling interest 0.0 2.3 0.0 3.5
Net income (loss) attributable to Kratos $ 7.9 $ (2.7) $ 9.2 $ (9.7)
Basic income (loss) per common share attributable to Kratos (in dollars per share) $ 0.05 $ (0.02) $ 0.06 $ (0.08)
Diluted income (loss) per common share attributable to Kratos (in dollars per share) $ 0.05 $ (0.02) $ 0.06 $ (0.08)
Basic weighted average common shares outstanding (in shares) 151.8 129.1 146.4 128.9
Diluted weighted average common shares outstanding (in shares) 153.5 129.1 147.5 128.9
Service revenues        
Total revenues $ 106.5 $ 103.7 $ 213.0 $ 195.3
Total costs 77.0 80.0 156.2 148.2
Product sales        
Total revenues 193.6 153.2 364.3 293.4
Total costs $ 145.9 $ 113.0 $ 272.9 $ 217.2