Kratos Defense & Security Solutions, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $22.0M | $16.3M | $-8.9M | $-36.9M | $-2.0M | $79.6M | $12.5M | $-3.5M |
| Depreciation & Amortization | $47.1M | $40.3M | $33.2M | $30.5M | $25.7M | $24.6M | $23.4M | $17.9M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $9.6M | $8.6M | $6.8M | $7.4M | $4.7M | $6.8M | $7.4M | $5.9M |
| Stock-Based Compensation | $35.5M | $29.8M | $25.3M | $26.3M | $25.8M | $21.0M | $11.0M | $7.2M |
| Net Cash from Operating Activities | $-42.1M | $49.7M | $65.2M | $-25.7M | $35.3M | $44.7M | $28.9M | $18.1M |
| Investing Activities | ||||||||
| Capital Expenditures | $95.3M | $58.2M | $52.4M | $45.4M | $46.5M | $35.9M | — | — |
| Business Acquisitions | $0 | $11.5M | $-300.0K | $132.2M | $12.3M | $51.5M | $17.7M | $2.9M |
| Net Cash from Investing Activities | $-88.3M | $-69.7M | $-43.8M | $-177.4M | $-52.1M | $-87.3M | $-43.7M | $40.5M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $360.7M | $277.6M | $-30.7M | $-63.3M | $-9.3M | $247.7M | $3.5M | $1.7M |
| Net Change in Cash | $231.3M | $256.5M | $-8.5M | $-268.1M | $-32.1M | $208.9M | $-10.4M | $52.1M |
| Free Cash Flow | $-137.4M | $-8.5M | $12.8M | $-71.1M | $-11.2M | $8.8M | — | — |