XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 29, 2024
Oct. 01, 2023
Sep. 29, 2024
Oct. 01, 2023
Total revenues $ 275.9 $ 274.6 $ 853.2 $ 763.3
Total costs 206.7 201.2 635.8 566.6
Gross profit 69.2 73.4 217.4 196.7
Selling, general and administrative expenses 52.6 50.9 161.5 146.0
Merger and acquisition expenses 0.2 0.0 0.2 0.0
Research and development expenses 9.9 10.3 29.7 30.4
Restructuring expenses and other 0.0 0.0 0.0 0.9
Operating income 6.5 12.2 26.0 19.4
Other expense:        
Interest expense, net 0.0 (5.1) (2.7) (15.5)
Other expense, net (0.7) (0.3) (0.8) (0.4)
Total other expense, net (0.7) (5.4) (3.5) (15.9)
Income before income taxes 5.8 6.8 22.5 3.5
Provision for income taxes 2.6 3.8 10.1 6.7
Net income (loss) from consolidated operations 3.2 3.0 12.4 (3.2)
Less: Net income attributable to noncontrolling interest 0.0 4.6 0.0 8.1
Net income (loss) attributable to Kratos $ 3.2 $ (1.6) $ 12.4 $ (11.3)
Basic income (loss) per common share attributable to Kratos (in dollars per share) $ 0.02 $ (0.01) $ 0.08 $ (0.09)
Diluted income (loss) per common share attributable to Kratos (in dollars per share) $ 0.02 $ (0.01) $ 0.08 $ (0.09)
Basic weighted average common shares outstanding (in shares) 152.6 129.6 147.8 129.3
Diluted weighted average common shares outstanding (in shares) 154.1 129.6 147.8 129.3
Service revenues        
Total revenues $ 103.9 $ 106.5 $ 316.9 $ 301.8
Total costs 76.7 79.0 232.9 227.2
Product sales        
Total revenues 172.0 168.1 536.3 461.5
Total costs $ 130.0 $ 122.2 $ 402.9 $ 339.4