Kratos Defense & Security Solutions, Inc
(NASDAQ:KTOS)

Kratos Defense & Security Solutions, Inc. operates as a government contractor of the U.S. Department of Defense. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment offers microwave electronic products, space, training ...

Website: http://www.kratosdefense.com

Founded: 1994

Full Time Employees: 3,000

Founder: Manish Agarwal, Ishank Gupta

CEO: Eric DeMarco

Sector: Industrials

Industry: Aerospace & Defense

Drones Industrials

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At a glance:

Leader in Affordable Unmanned Systems: Kratos specializes in high-performance, low-cost 'attritable' unmanned aerial systems (UAS) for military applications, alongside jet engines for these platforms and advanced satellite communication solutions.
Free Cash Flow Trajectory Still Negative, but Improving: The company continues to report negative free cash flow, primarily due to significant investments in R&D and program ramp-ups, but the burn rate is narrowing as key programs mature and scale.
Strategic Investment in Next-Gen Defense Tech: Kratos is heavily investing in research and development for advanced drone technologies, hypersonic systems, and space-related solutions, positioning itself as a key player in future defense modernization efforts.
Strong Position in Evolving Defense Landscape: With a focus on affordable, high-performance systems, Kratos is well-positioned to capitalize on increasing defense spending and the shift towards unmanned and networked warfare capabilities.

Bull Thesis:

Leading Position in High-Performance Unmanned Systems: Kratos is a key player in the rapidly growing market for high-performance, low-cost tactical drones (e.g., Valkyrie, Mako). These attritable systems are increasingly vital for future warfare concepts, positioning Kratos for significant long-term growth as defense strategies evolve.
Strong Growth in Space & Satellite Ground Systems: The company holds a robust position in critical space infrastructure, including satellite ground systems, secure communications, and space domain awareness. The proliferation of new satellite constellations and increased demand for secure data links from both government and commercial clients provides a substantial growth runway.
Beneficiary of Increased Global Defense Spending: Ongoing geopolitical tensions and a renewed focus on national security globally are driving increased defense budgets, particularly in the US. As a defense contractor specializing in advanced technology, Kratos is well-positioned to benefit from these elevated spending levels and modernization efforts.
Growing Backlog and Strategic Program Wins: Kratos has consistently reported a growing backlog, indicating strong demand for its products and services. Recent contract awards and program wins, especially in its core unmanned and space segments, provide revenue visibility and demonstrate successful execution of its strategic initiatives.

Bear Thesis:

Inconsistent Profitability and Margin Pressures: Despite revenue growth, Kratos has historically struggled with consistent profitability and often operates with lower net margins compared to some larger defense primes. Significant R&D investments and the nature of developing 'affordable' solutions can put pressure on bottom-line performance.
Execution Risk on Complex Development Programs: As a company heavily involved in developing cutting-edge defense technologies, Kratos faces inherent execution risks. Program delays, technical challenges, or cost overruns on key projects (like the Valkyrie production ramp-up) could negatively impact financial results and investor sentiment.
High R&D Investment Impacting Near-Term Cash Flow: While essential for future growth and maintaining a technological edge, Kratos's substantial investments in research and development can weigh on its free cash flow generation in the near term. This can make the company more sensitive to market downturns or funding fluctuations.
Competition from Larger Primes and Emerging Tech: Although Kratos operates in niche markets, it still faces formidable competition. Larger, more established defense contractors possess greater resources and scale, while agile emerging technology companies could also challenge Kratos's market position in certain segments.

Main Competitors:

Textron Inc. ($TXT) (Shadow Tactical UAS, Aerosonde UAS, various target drones), Competes directly with Kratos in the unmanned aerial systems (UAS) market, particularly with its Textron Systems division offering tactical drones and target drone solutions for military training and reconnaissance, often in similar performance categories.
L3Harris Technologies ($LHX) (Satellite communication systems, electronic warfare solutions, ISR systems), Competes with Kratos across several segments, including advanced satellite communication systems, microwave electronics, and electronic warfare solutions, often serving similar defense and government customers with a broader and more diversified portfolio.
Northrop Grumman Corporation ($NOC) (Global Hawk UAS, Triton UAS, various advanced defense systems, electronic warfare), As a major prime defense contractor, Northrop Grumman competes with Kratos in the high-end unmanned aerial systems (UAS) market and in providing advanced electronic warfare and sensor systems, often for larger, more complex, and higher-cost programs.
AeroVironment, Inc. ($AVAV) (Switchblade tactical missile system, Puma UAS, Raven UAS), Competes in the broader unmanned aerial systems (UAS) market, particularly in smaller, tactical, and loitering munition systems. While often focused on different mission sets, their innovation in UAS technology and rapid development cycles can overlap with Kratos' efforts to provide diverse and affordable UAS solutions.

Moat:

Kratos Defense & Security Solutions operates in a highly competitive defense and aerospace market. Its primary moat lies in its agility, innovation, and strategic focus on developing and producing affordable, high-performance, and 'attritable' systems, particularly in the unmanned aerial systems (UAS) and target drone sectors. This niche allows Kratos to offer capabilities that are often more cost-effective and rapidly deployable than those from larger, more traditional prime contractors, aligning with the Department of Defense's increasing emphasis on mass and affordability. Competition comes from large diversified defense primes (e.g., Northrop Grumman, L3Harris) with vast resources and established programs, as well as more specialized players (e.g., Textron, AeroVironment) who compete directly in specific UAS or electronics segments. Kratos' challenge is to scale its innovative solutions and secure larger production contracts while maintaining its cost advantage against formidable competitors.

Income Statements:

Quarterly

Annual

Unit: USD	2026-03-29	2025-12-28	2025-09-28	2025-06-29	2025-03-30	2024-12-29	2024-09-29	2024-06-30	2024-03-31	2023-12-31	2023-10-01	2023-06-25	2023-03-26	2022-12-25	2022-09-25	2022-06-26	2022-03-27	2021-12-26	2021-09-26	2021-06-27	2021-03-28	2020-12-27	2020-09-27	2020-06-28	2020-03-29	2019-12-29	2019-09-29	2019-06-30	2019-03-31	2018-12-30	2018-09-30	2018-07-01	2018-04-01	2017-12-31	2017-10-01	2017-06-25	2017-03-26	2016-12-25	2016-09-25	2016-06-26	2016-03-27	2015-12-27	2015-09-28	2015-09-27	2015-06-29	2015-06-28	2015-03-30	2015-03-29	2014-12-28	2014-09-29	2014-09-28	2014-06-30	2014-06-29	2014-03-31	2014-03-30	2013-12-29	2013-09-30	2013-09-29	2013-06-30	2013-06-24	2013-03-31	2013-03-25	2012-12-30	2012-09-30	2012-09-25	2012-06-26	2012-06-24	2012-03-27	2012-03-25	2011-09-26	2011-09-25	2011-06-27	2011-06-26	2011-03-28	2011-03-27	2010-09-26	2007-12-31	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-30	2005-09-30	2005-07-01	2005-06-30	2005-04-01	2005-03-31	2004-10-01	2004-09-30	2004-07-02	2004-06-30	2004-04-02	2004-03-31	2003-12-26	2003-09-30	2003-09-26	2003-06-30	2003-06-27	2003-03-31	2003-03-28	2002-12-27	2002-09-30	2002-06-30	2002-03-31

service revenues	134,000,000	114,300,000	117,400,000	134,900,000	102,400,000	106,500,000	103,900,000	106,500,000	106,500,000	100,800,000	106,500,000	103,700,000	91,600,000	89,900,000	88,600,000	78,800,000	67,900,000	52,500,000	51,600,000	58,000,000	57,300,000	54,600,000	67,600,000	62,900,000	63,600,000	65,500,000	70,800,000	73,700,000	62,600,000	52,800,000	54,900,000	47,000,000	46,000,000	83,100,000	86,700,000	91,600,000	85,000,000	90,100,000	87,200,000	88,200,000	82,600,000	90,700,000	87,400,000	87,400,000	88,800,000	88,800,000	87,400,000	87,400,000	91,300,000	97,100,000	97,100,000	101,800,000	101,800,000	100,600,000	100,600,000	108,600,000	108,800,000	108,800,000	110,200,000	110,200,000	115,500,000	115,500,000	110,200,000	125,600,000	125,600,000	112,100,000	112,100,000	105,200,000	105,200,000	97,600,000	97,600,000	75,300,000	75,300,000	79,800,000	79,800,000	75,800,000
product sales	237,000,000	230,800,000	230,200,000	216,600,000	200,200,000	176,600,000	172,000,000	193,600,000	170,700,000	173,000,000	168,100,000	153,200,000	140,200,000	159,400,000	140,000,000	145,400,000	128,300,000	159,100,000	149,000,000	147,100,000	136,900,000	151,800,000	134,400,000	107,500,000	105,300,000	119,600,000	113,300,000	114,200,000	97,800,000	111,600,000	104,500,000	104,200,000	97,000,000	119,100,000	109,500,000	94,100,000	82,800,000	92,000,000	78,200,000	80,000,000	70,400,000	86,800,000	74,300,000	74,300,000	71,700,000	71,700,000	95,100,000	95,100,000	130,200,000	120,000,000	120,000,000	127,500,000	127,500,000	99,500,000	99,500,000	127,100,000	117,600,000	117,600,000	125,000,000	125,000,000	137,300,000	137,300,000	153,400,000	150,700,000	150,700,000	107,700,000	107,700,000	109,800,000	109,800,000	113,400,000	113,400,000	95,800,000	95,800,000	43,000,000	43,000,000	44,100,000
total revenues	371,000,000	345,100,000	347,600,000	351,500,000	302,600,000	283,100,000	275,900,000	300,100,000	277,200,000	273,800,000	274,600,000	256,900,000	231,800,000	249,300,000	228,600,000	224,200,000	196,200,000	211,600,000	200,600,000	205,100,000	194,200,000	206,400,000	202,000,000	170,400,000	168,900,000	185,100,000	184,100,000	187,900,000	160,400,000	164,400,000	159,400,000	151,200,000	143,000,000	202,200,000	196,200,000	185,700,000	167,800,000	182,100,000	165,400,000	168,200,000	153,000,000	177,500,000	161,700,000	161,700,000	160,500,000	160,500,000	182,500,000	182,500,000	221,500,000	217,100,000	217,100,000	229,300,000	229,300,000	200,100,000	200,100,000	235,700,000	226,400,000	226,400,000	235,200,000	235,200,000	252,800,000	252,800,000	263,600,000	276,300,000	276,300,000	219,800,000	219,800,000	215,000,000	215,000,000	211,000,000	211,000,000	171,100,000	171,100,000	122,800,000	122,800,000	119,900,000																													107,400,000
yoy	22.60%	21.90%	25.99%	17.13%	9.16%	3.40%	0.47%	16.82%	19.59%	9.83%	20.12%	14.59%	18.14%	17.82%	13.96%	9.31%	1.03%	2.52%	-0.69%	20.36%	14.98%	11.51%	9.72%	-9.31%	5.30%	12.59%	15.50%	24.27%	12.17%	-18.69%	-18.76%	-18.58%	-14.78%	11.04%	18.62%	10.40%	9.67%	2.59%	2.29%	4.02%	-4.67%	10.59%	-11.40%	-11.40%	-27.54%	-26.07%	-15.94%	-20.41%	-3.40%	8.50%	8.50%	-2.72%	1.28%	-11.62%	-14.92%	0.21%	-10.44%	-10.44%	-10.77%	-14.88%	-8.51%	15.01%	19.93%	28.51%	28.51%	4.17%	4.17%	25.66%	25.66%	71.82%	71.82%	42.70%
qoq	7.51%	-0.72%	-1.11%	16.16%	6.89%	2.61%	-8.06%	8.26%	1.24%	-0.29%	6.89%	10.83%	-7.02%	9.06%	1.96%	14.27%	-7.28%	5.48%	-2.19%	5.61%	-5.91%	2.18%	18.54%	0.89%	-8.75%	0.54%	-2.02%	17.14%	-2.43%	3.14%	5.42%	5.73%	-29.28%	3.06%	5.65%	10.67%	-7.85%	10.10%	-1.66%	9.93%	-13.80%	9.77%	0.00%	0.75%	0.00%	-12.05%	0.00%	-17.61%	2.03%	0.00%	-5.32%	0.00%	14.59%	0.00%	-15.10%	4.11%	0.00%	-3.74%	0.00%	-6.96%	0.00%	-4.10%	-4.60%	0.00%	25.71%	0.00%	2.23%	0.00%	1.90%	0.00%	23.32%	0.00%	39.33%	0.00%	2.42%
cost of service revenues	99,300,000	82,700,000	91,200,000	107,200,000	75,700,000	77,100,000	76,700,000	77,000,000	79,200,000	76,000,000	79,000,000	80,000,000	68,200,000	67,800,000	65,100,000	56,200,000	49,900,000	36,900,000	35,500,000	41,300,000	42,500,000	40,600,000	50,500,000	46,200,000	45,200,000	49,200,000	50,200,000	50,600,000	42,000,000	37,400,000	34,300,000	33,200,000	32,900,000	57,900,000	60,800,000	67,000,000	61,800,000	66,400,000	64,700,000	64,400,000	60,300,000	68,000,000	65,400,000	65,400,000	67,100,000	67,100,000	66,000,000	66,000,000	74,900,000	77,700,000	77,700,000	77,900,000	77,900,000	74,100,000	74,100,000	80,900,000	82,400,000	82,400,000	83,300,000	83,300,000	88,200,000	88,200,000	86,000,000	98,300,000	98,300,000	86,700,000	86,700,000
cost of product sales	182,100,000	179,000,000	179,300,000	170,500,000	153,300,000	136,200,000	130,000,000	145,900,000	127,000,000	125,900,000	122,200,000	113,000,000	104,200,000	120,100,000	108,600,000	110,200,000	94,400,000	113,200,000	104,500,000	111,800,000	100,700,000	111,500,000	94,400,000	78,200,000	77,900,000	87,500,000	85,300,000	89,200,000	73,500,000	81,500,000	81,000,000	78,700,000	69,300,000	87,600,000	87,300,000	71,300,000	60,900,000	69,100,000	74,800,000	58,600,000	56,800,000	67,300,000	55,900,000	55,900,000	52,500,000	52,500,000	69,600,000	69,600,000	90,400,000	86,400,000	86,400,000	95,000,000	95,000,000	73,400,000	73,400,000	93,300,000	91,700,000	91,700,000	91,500,000	91,500,000	98,900,000	98,900,000	109,600,000	103,900,000	103,900,000	75,400,000	75,400,000	75,300,000	75,300,000	79,000,000	79,000,000	67,700,000	67,700,000	35,100,000	35,100,000	35,500,000
total costs	281,400,000	261,700,000	270,500,000	277,700,000	229,000,000	213,300,000	206,700,000	222,900,000	206,200,000	201,900,000	201,200,000	193,000,000	172,400,000	187,900,000	173,700,000	166,400,000	144,300,000	150,100,000	140,000,000	153,100,000	143,200,000	152,100,000	144,900,000	124,400,000	123,100,000	136,700,000	135,500,000	139,800,000	115,500,000	118,900,000	115,300,000	111,900,000	102,200,000	145,500,000	148,100,000	138,300,000	122,700,000	135,500,000	139,500,000	123,000,000	117,100,000	135,300,000	121,300,000	121,300,000	119,600,000	119,600,000	135,600,000	135,600,000	165,300,000	164,100,000	164,100,000	172,900,000	172,900,000	147,500,000	147,500,000	174,200,000	174,100,000	174,100,000	174,800,000	174,800,000	187,100,000	187,100,000	195,600,000	202,200,000	202,200,000	162,100,000	162,100,000	157,100,000	157,100,000	150,800,000	150,800,000	125,700,000	125,700,000	95,400,000	95,400,000	94,100,000
gross profit	89,600,000	83,400,000	77,100,000	73,800,000	73,600,000	69,800,000	69,200,000	77,200,000	71,000,000	71,900,000	73,400,000	63,900,000	59,400,000	61,400,000	54,900,000	57,800,000	51,900,000	61,500,000	60,600,000	52,000,000	51,000,000	54,300,000	57,100,000	46,000,000	45,800,000	48,400,000	48,600,000	48,100,000	44,900,000	45,500,000	44,100,000	39,300,000	40,800,000	56,700,000	48,100,000	47,400,000	45,100,000	46,600,000	25,900,000	45,200,000	35,900,000	42,200,000	40,400,000	40,400,000	40,900,000	40,900,000	46,900,000	46,900,000	56,200,000	53,000,000	53,000,000	56,400,000	56,400,000	52,600,000	52,600,000	61,500,000	52,300,000	52,300,000	60,400,000	60,400,000	65,700,000	65,700,000	68,000,000	74,100,000	74,100,000	57,700,000	57,700,000	57,900,000	57,900,000	60,200,000	60,200,000	45,400,000	45,400,000	27,400,000	27,400,000	25,800,000		7,500,000	7,300,000	8,400,000	15,300,000	15,600,000	14,200,000	12,700,000	23,100,000	25,700,000	25,700,000	22,800,000	22,800,000	13,400,000	13,400,000	23,900,000	23,900,000	21,600,000	21,600,000	20,700,000	18,700,000	18,700,000	17,000,000	17,000,000	14,900,000	14,900,000	13,700,000	11,900,000		10,900,000
yoy	21.74%	19.48%	11.42%	-4.40%	3.66%	-2.92%	-5.72%	20.81%	19.53%	17.10%	33.70%	10.55%	14.45%	-0.16%	-9.41%	11.15%	1.76%	13.26%	6.13%	13.04%	11.35%	12.19%	17.49%	-4.37%	2.00%	6.37%	10.20%	22.39%	10.05%	-19.75%	-8.32%	-17.09%	-9.53%	21.67%	85.71%	4.87%	25.63%	10.43%	-35.89%	11.88%	-12.22%	3.18%	-13.86%	-13.86%	-27.22%	-22.83%	-11.51%	-16.84%	-0.35%	0.76%	0.76%	-8.29%	7.84%	0.57%	-12.91%	1.82%	-20.40%	-20.40%	-11.18%	-18.49%	-11.34%	13.86%	17.85%	27.98%	27.98%	-4.15%	-4.15%	27.53%	27.53%	119.71%	119.71%	75.97%		265.33%	275.34%	207.14%		-51.92%	-48.59%	-33.86%	-33.77%	-39.30%	-44.75%	-44.30%	1.32%	91.79%	91.79%	-4.60%	-4.60%	-37.96%	-37.96%	15.46%	27.81%	15.51%	27.06%	21.76%	25.50%	25.50%	24.09%	42.86%		36.70%
qoq	7.43%	8.17%	4.47%	0.27%	5.44%	0.87%	-10.36%	8.73%	-1.25%	-2.04%	14.87%	7.58%	-3.26%	11.84%	-5.02%	11.37%	-15.61%	1.49%	16.54%	1.96%	-6.08%	-4.90%	24.13%	0.44%	-5.37%	-0.41%	1.04%	7.13%	-1.32%	3.17%	12.21%	-3.68%	-28.04%	17.88%	1.48%	5.10%	-3.22%	79.92%	-42.70%	25.91%	-14.93%	4.46%	0.00%	-1.22%	0.00%	-12.79%	0.00%	-16.55%	6.04%	0.00%	-6.03%	0.00%	7.22%	0.00%	-14.47%	17.59%	0.00%	-13.41%	0.00%	-8.07%	0.00%	-3.38%	-8.23%	0.00%	28.42%	0.00%	-0.35%	0.00%	-3.82%	0.00%	32.60%	0.00%	65.69%	0.00%	6.20%			2.74%	-13.10%	-45.10%	-1.92%	9.86%	11.81%	-45.02%	-10.12%	0.00%	12.72%	0.00%	70.15%	0.00%	-43.93%	0.00%	10.65%	0.00%	4.35%	10.70%	0.00%	10.00%	0.00%	14.09%	0.00%	8.76%	15.13%
gross margin %	24.15%	24.17%	22.18%	21.00%	24.32%	24.66%	25.08%	25.72%	25.61%	26.26%	26.73%	24.87%	25.63%	24.63%	24.02%	25.78%	26.45%	29.06%	30.21%	25.35%	26.26%	26.31%	28.27%	27.00%	27.12%	26.15%	26.40%	25.60%	27.99%	27.68%	27.67%	25.99%	28.53%	28.04%	24.52%	25.53%	26.88%	25.59%	15.66%	26.87%	23.46%	23.77%	24.98%	24.98%	25.48%	25.48%	25.70%	25.70%	25.37%	24.41%	24.41%	24.60%	24.60%	26.29%	26.29%	26.09%	23.10%	23.10%	25.68%	25.68%	25.99%	25.99%	25.80%	26.82%	26.82%	26.25%	26.25%	26.93%	26.93%	28.53%	28.53%	26.53%	26.53%	22.31%	22.31%	21.52%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	0%	Infinity%
selling, general and administrative expenses	72,300,000	63,500,000	59,800,000	59,900,000	57,000,000	52,500,000	52,600,000	54,500,000	54,400,000	51,800,000	50,900,000	47,300,000	47,800,000	46,200,000	48,500,000	44,500,000	43,300,000	42,300,000	41,800,000	38,200,000	37,900,000	37,300,000	36,300,000	36,000,000	34,900,000	33,100,000	32,500,000	33,700,000	31,500,000	30,400,000	29,500,000	30,100,000	29,800,000	40,600,000	40,700,000	40,600,000	38,700,000	36,700,000	35,500,000	36,400,000	37,700,000	38,100,000	34,900,000	34,900,000	40,300,000	40,300,000	42,600,000	42,600,000	39,300,000	45,800,000	45,800,000	44,900,000	44,900,000	43,400,000	43,400,000	48,100,000	47,800,000	47,800,000	48,000,000	48,000,000	49,200,000	49,200,000	52,200,000	54,500,000	54,500,000	42,600,000	42,600,000	45,000,000	45,000,000	43,200,000	43,200,000	33,700,000	33,700,000	19,600,000	19,600,000	17,900,000		10,800,000	9,100,000	15,800,000	16,100,000	15,500,000	15,600,000	15,400,000	17,800,000	18,900,000	18,900,000	17,200,000	17,200,000	14,300,000	14,300,000	13,800,000	13,800,000	14,100,000	14,100,000	11,200,000	11,900,000	11,900,000	11,200,000	11,200,000	11,300,000	11,300,000	9,400,000	8,600,000		47,100,000
merger and acquisition expenses	1,900,000	50,000	200,000			50,000	200,000							150,000	200,000	100,000	300,000	150,000	300,000	100,000	200,000	375,000	100,000	1,000,000	400,000	475,000	100,000	600,000	1,200,000																												200,000	200,000	-2,600,000	-2,600,000	100,000	100,000	675,000	300,000	300,000	1,500,000	1,500,000	900,000	900,000	3,700,000	3,700,000					400,000
research and development expenses	10,700,000	9,800,000	10,000,000	10,200,000	10,000,000	10,600,000	9,900,000	10,200,000	9,600,000	8,000,000	10,300,000	9,900,000	10,200,000	10,600,000	9,600,000	9,200,000	9,200,000	9,000,000	8,000,000	10,200,000	8,000,000	7,600,000	7,700,000	6,000,000	5,700,000	5,000,000	4,600,000	4,500,000	3,900,000	4,000,000	4,400,000	3,600,000	3,600,000	5,100,000	4,200,000	4,100,000	4,400,000	3,800,000	3,200,000	4,000,000	2,900,000	4,500,000	3,500,000	3,500,000	4,300,000	4,300,000	4,800,000	4,800,000	6,000,000	5,900,000	5,900,000	5,900,000	5,900,000	5,200,000	5,200,000	6,900,000	4,800,000	4,800,000	4,800,000	4,800,000	4,900,000	4,900,000	4,900,000	4,500,000	4,500,000	4,800,000	4,800,000	3,800,000	3,800,000	3,300,000	3,300,000	1,200,000	1,200,000	600,000	600,000	500,000
operating income	4,700,000	8,200,000	7,100,000	3,700,000	6,600,000	3,000,000	6,500,000	12,500,000	7,000,000	11,700,000	12,200,000	6,700,000	500,000	4,100,000	-3,600,000	-1,900,000	-1,200,000	9,200,000	10,500,000	3,300,000	4,900,000																																																									-8,300,000	-3,300,000			100,000		-3,100,000	7,800,000	6,800,000	6,800,000	5,600,000	5,600,000			9,300,000	9,300,000	6,600,000	6,600,000	7,900,000	6,100,000	6,100,000	5,000,000	5,000,000	3,200,000	3,200,000	2,500,000	1,600,000	-58,800,000	-60,000,000
yoy	-28.79%	173.33%	9.23%	-70.40%	-5.71%	-74.36%	-46.72%	86.57%	1300.00%	185.37%	-438.89%	-452.63%	-141.67%	-55.43%	-134.29%	-157.58%	-124.49%																																																													-8400.00%				-98.53%		-155.36%	39.29%			-39.78%	-39.78%			17.72%	52.46%	8.20%	32.00%	58.00%	90.63%	90.63%	100.00%	212.50%	-105.44%	-105.33%
qoq	-42.68%	15.49%	91.89%	-43.94%	120.00%	-53.85%	-48.00%	78.57%	-40.17%	-4.10%	82.09%	1240.00%	-87.80%	-213.89%	89.47%	58.33%	-113.04%	-12.38%	218.18%	-32.65%																																																										151.52%						-139.74%	14.71%	0.00%	21.43%	0.00%				0.00%	40.91%	0.00%	-16.46%	29.51%	0.00%	22.00%	0.00%	56.25%	0.00%	28.00%	56.25%	-102.72%	-2.00%
operating margin %	1.27%	2.38%	2.04%	1.05%	2.18%	1.06%	2.36%	4.17%	2.53%	4.27%	4.44%	2.61%	0.22%	1.64%	-1.57%	-0.85%	-0.61%	4.35%	5.23%	1.61%	2.52%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	NaN%	-Infinity%	-Infinity%	NaN%	NaN%	Infinity%	NaN%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-54.75%	-Infinity%
other income:
interest income	4,500,000	3,400,000	4,600,000	-1,200,000				100,000																																																																								125,000	100,000	300,000	100,000					200,000	200,000					100,000	100,000	300,000	200,000	200,000	100,000	100,000	300,000	300,000	200,000	300,000		300,000
other income	600,000	500,000	200,000	2,100,000				100,000				200,000	-300,000	1,600,000	-1,100,000		100,000	-300,000			200,000	-300,000	800,000	300,000				100,000	-500,000	-400,000	-300,000	-600,000	300,000	-100,000	600,000	200,000	200,000	200,000	100,000	200,000	300,000	-100,000	300,000	300,000	-1,000,000		-400,000	-400,000		-400,000	-400,000	200,000	200,000	200,000	200,000	50,000	800,000	800,000	200,000	200,000				400,000	400,000	500,000	500,000	500,000	500,000					300,000	300,000	200,000			500,000	75,000	100,000	100,000				100,000	100,000			300,000	300,000			400,000	400,000	275,000	500,000	500,000	-200,000	-200,000	800,000	800,000	75,000	900,000		-1,600,000
total other income	5,100,000	3,900,000	4,800,000	900,000				200,000																					-6,000,000													-7,825,000	-12,600,000		-9,900,000		-12,600,000			-12,500,000		-52,900,000					-15,400,000			-16,100,000					-17,200,000	-15,700,000												200,000	500,000
income before income taxes	9,800,000	12,100,000	11,900,000	4,600,000	5,400,000	4,000,000	5,800,000	12,700,000	4,000,000																																																																					-8,100,000	-2,800,000																	3,850,000	6,600,000	6,600,000	4,800,000	4,800,000	4,000,000	4,000,000	-14,225,000	2,500,000		-61,600,000
provision for income taxes	-2,100,000	6,200,000	3,200,000	1,700,000	900,000	100,000	2,600,000	4,800,000	2,700,000																																																																							150,000	400,000			1,650,000	1,900,000	2,600,000		2,100,000				1,700,000													10,100,000
net income	11,900,000	4,025,000	8,700,000	2,900,000						5,600,000	3,000,000	-400,000	-5,800,000	-4,900,000	-8,000,000	-4,400,000	-15,900,000	-2,500,000	-1,900,000	900,000	1,900,000	78,000,000	2,400,000	-800,000	-200,000	2,600,000	2,600,000	4,300,000	3,100,000	4,700,000	1,700,000	-7,700,000	-2,200,000	-22,200,000	-4,300,000	-6,200,000	-10,000,000	-4,300,000	-23,600,000	-10,400,000	-22,200,000	-4,000,000	55,100,000	55,100,000	-15,000,000	-15,000,000	-16,300,000	-16,300,000	-2,200,000	-10,900,000	-10,900,000	-49,900,000	-49,900,000	-15,000,000	-15,000,000	-7,400,000	-9,900,000	-9,900,000	-9,600,000	-9,600,000	-10,300,000	-10,300,000	-90,000,000	-4,200,000	-4,200,000	-17,200,000	-17,200,000	-3,000,000	-3,000,000	-6,900,000	-6,900,000	-5,200,000	-5,200,000	-3,500,000	-3,500,000	3,200,000		4,200,000	-20,100,000	-55,600,000	-900,000	-600,000	-800,000	-9,900,000	5,800,000	4,300,000	4,300,000	3,500,000	3,500,000	-14,900,000	-14,900,000	1,700,000	1,700,000	5,900,000	5,900,000	8,100,000	6,600,000	6,600,000	4,800,000	4,800,000	4,000,000	4,000,000	3,100,000	2,500,000	-69,500,000	-71,700,000
yoy										-214.29%	-137.50%	-90.91%	-63.52%	96.00%	321.05%	-588.89%	-936.84%	-103.21%	-179.17%	-212.50%	-1050.00%	2900.00%	-7.69%	-118.60%	-106.45%	-44.68%	52.94%	-155.84%	-240.91%	-121.17%	-139.53%	24.19%	-78.00%	416.28%	-81.78%	-40.38%	-54.95%	7.50%	-142.83%	-118.87%	48.00%	-73.33%	-438.04%	-438.04%	581.82%	37.61%	49.54%	-67.33%	-95.59%	-27.33%	-27.33%	574.32%	404.04%	51.52%	56.25%	-22.92%	-3.88%	-3.88%	-89.33%	128.57%	145.24%	-40.12%	423.26%	40.00%	40.00%	149.28%	149.28%	-42.31%	-42.31%	97.14%	97.14%	-262.50%		-183.33%	-82.59%	-105.76%		-800.00%	2412.50%	461.62%	-115.52%	-113.95%	-118.60%	-382.86%	65.71%	-128.86%	-128.86%	105.88%	105.88%	-352.54%	-352.54%	-79.01%	-74.24%	-10.61%	22.92%	68.75%	65.00%	65.00%	54.84%	92.00%	-105.76%	-105.58%
qoq	195.65%	-53.74%	200.00%							86.67%	-850.00%	-93.10%	18.37%	-38.75%	81.82%	-72.33%	536.00%	31.58%	-311.11%	-52.63%	-97.56%	3150.00%	-400.00%	300.00%	-107.69%	0.00%	-39.53%	38.71%	-34.04%	176.47%	-122.08%	250.00%	-90.09%	416.28%	-30.65%	-38.00%	132.56%	-81.78%	126.92%	-53.15%	455.00%	-107.26%	0.00%	-467.33%	0.00%	-7.98%	0.00%	640.91%	-79.82%	0.00%	-78.16%	0.00%	232.67%	0.00%	102.70%	-25.25%	0.00%	3.13%	0.00%	-6.80%	0.00%	-88.56%	2042.86%	0.00%	-75.58%	0.00%	473.33%	0.00%	-56.52%	0.00%	32.69%	0.00%	48.57%	0.00%	-209.38%			-120.90%	-63.85%	6077.78%	50.00%	-25.00%	-91.92%	-270.69%	34.88%	0.00%	22.86%	0.00%	-123.49%	0.00%	-976.47%	0.00%	-71.19%	0.00%	-27.16%	22.73%	0.00%	37.50%	0.00%	20.00%	0.00%	29.03%	24.00%	-103.60%	-3.07%
net income margin %	3.21%	1.17%	2.50%	0.83%	0%	0%	0%	0%	0%	2.05%	1.09%	-0.16%	-2.50%	-1.97%	-3.50%	-1.96%	-8.10%	-1.18%	-0.95%	0.44%	0.98%	37.79%	1.19%	-0.47%	-0.12%	1.40%	1.41%	2.29%	1.93%	2.86%	1.07%	-5.09%	-1.54%	-10.98%	-2.19%	-3.34%	-5.96%	-2.36%	-14.27%	-6.18%	-14.51%	-2.25%	34.08%	34.08%	-9.35%	-9.35%	-8.93%	-8.93%	-0.99%	-5.02%	-5.02%	-21.76%	-21.76%	-7.50%	-7.50%	-3.14%	-4.37%	-4.37%	-4.08%	-4.08%	-4.07%	-4.07%	-34.14%	-1.52%	-1.52%	-7.83%	-7.83%	-1.40%	-1.40%	-3.27%	-3.27%	-3.04%	-3.04%	-2.85%	-2.85%	2.67%	NaN%	Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-64.71%	-Infinity%
basic income per common share	70,000	25,000	50,000	20,000
diluted income per common share	70,000	25,000	50,000	20,000
weighted-average common shares outstanding:
basic	176,800,000	162,700,000	170,500,000	155,700,000	154,200,000	149,000,000	152,600,000	151,800,000	139,600,000	130,400,000			128,100,000	126,700,000	127,200,000	126,400,000	125,900,000	124,600,000	124,900,000	124,700,000	124,100,000	115,500,000	123,100,000	108,300,000	107,200,000	106,000,000	106,500,000	106,100,000	104,900,000	103,800,000	103,900,000		103,700,000	89,500,000				61,300,000	60,500,000		59,600,000	58,700,000	59,000,000	59,000,000													57,100,000	57,100,000	56,600,000	56,600,000	56,600,000	56,600,000	46,900,000	56,600,000	56,600,000	41,700,000	41,700,000	32,500,000	32,500,000	30,800,000	30,800,000	23,800,000	23,800,000	21,300,000	21,300,000			73,900,000	73,900,000	73,500,000	73,900,000	73,900,000	72,300,000	74	71.7		71.3	71,200,000	71,200,000		68.9		68.3	64,200,000	64,200,000	53,400,000	53,800,000	53,800,000	51,100,000	51,100,000	49,300,000	49,300,000	48,100,000	48,100,000
diluted	179,400,000	165,200,000	172,900,000	157,400,000	156,200,000	150,900,000	154,100,000	153,500,000	141,500,000	130,400,000			128,100,000	126,700,000	127,200,000	126,400,000	125,900,000	128,000,000	124,900,000	127,700,000	127,700,000	118,700,000	126,400,000	108,300,000	110,100,000	109,200,000	109,900,000	109,400,000	107,800,000	106,100,000	106,400,000		105,700,000	89,500,000				61,300,000	60,500,000		59,600,000	58,700,000	60,000,000	60,000,000													57,100,000	57,100,000	56,600,000	56,600,000	56,600,000	56,600,000	46,900,000	56,600,000	56,600,000	41,700,000	41,700,000	32,500,000	32,500,000	30,800,000	30,800,000	23,800,000	23,800,000	21,300,000	21,300,000			73,900,000	73,900,000	73,500,000	73,900,000	73,900,000	72,300,000	75.3	75.3		74.8	75,900,000	75,900,000		68.9		75.5	76,900,000	76,900,000	73,300,000	75,700,000	75,700,000	72,300,000	72,300,000	68,700,000	68,700,000	48,100,000	65,400,000
other expense:
interest expense					-900,000	-300,000			-2,800,000	-5,000,000	-5,100,000	-5,100,000	-5,300,000	-4,800,000	-4,100,000	-2,900,000	-5,900,000	-5,900,000	-5,900,000	-5,700,000	-5,900,000	-5,900,000	-5,900,000	-5,600,000	-5,400,000	-5,400,000	-5,400,000	-5,300,000	-5,500,000	-5,000,000	-5,000,000	-5,700,000	-5,100,000	-5,500,000	-7,700,000	-7,200,000	-8,200,000	-8,600,000	-8,700,000	-8,700,000	-8,700,000	-8,700,000	-9,500,000	-9,500,000	-8,900,000	-8,900,000	-12,200,000	-12,200,000		-12,100,000	-12,100,000	-14,000,000	-14,000,000				-16,200,000	-16,200,000	-16,300,000	-16,300,000			-16,200,000	-17,600,000	-17,600,000	-16,200,000	-16,200,000																																							-1,200,000
other expense					-300,000	-200,000	-700,000		-200,000	-100,000	-300,000														-500,000	-275,000	-700,000																			-1,000,000
total other expense					-1,200,000	1,000,000	-700,000		-3,000,000	-4,100,000	-5,400,000	-4,900,000	-5,600,000	-3,200,000	-5,200,000	-2,900,000	-18,800,000	-6,200,000	-5,900,000	-5,700,000	-5,700,000	-6,200,000	-5,100,000	-5,300,000	-5,900,000	-5,000,000	-6,100,000	-5,200,000		-5,400,000	-5,300,000	-6,300,000	-4,800,000	-20,800,000	-7,100,000	-7,000,000	-10,100,000	-8,200,000	-8,600,000	-8,500,000	-8,400,000			-12,600,000		-9,900,000		-12,600,000			-12,500,000		-52,900,000					-15,400,000	-16,100,000				-16,200,000	-17,200,000			-15,700,000
net income from consolidated operations					4,500,000	3,900,000	3,200,000	7,900,000	1,300,000
less: net income attributable to noncontrolling interest										3,200,000	4,600,000	2,300,000	1,200,000	3,400,000		300,000		100,000	500,000			-100,000		-100,000		-400,000	100,000	400,000
net income attributable to kratos					4,500,000	3,900,000	3,200,000	7,900,000	1,300,000					-8,300,000	-8,000,000	-4,700,000	-15,900,000	-2,600,000	-2,400,000	1,100,000	1,900,000	78,100,000	2,400,000	-700,000	-200,000	3,000,000	2,500,000	3,900,000	3,100,000
basic income per common share attributable to kratos					30,000	30,000	20,000	50,000	10,000
diluted income per common share attributable to kratos					30,000	20,000	20,000	50,000	10,000
restructuring expenses and other													900,000	400,000	200,000	5,900,000	300,000	50,000		200,000		200,000	300,000	100,000	100,000	600,000	-100,000	300,000		300,000	100,000	3,000,000
loss on extinguishment of debt																	-13,000,000																	-525,000			-2,100,000						-3,400,000	-3,400,000								-39,100,000	-39,100,000
income from continuing operations before income taxes										7,600,000	6,800,000	1,800,000		900,000	-8,800,000			3,000,000	4,600,000			2,800,000	7,600,000	-2,400,000	-1,200,000	4,300,000	5,400,000	3,800,000	2,200,000	5,400,000	4,800,000		2,200,000									-9,325,000	-11,000,000		-13,600,000		-14,100,000			-11,300,000		-48,200,000					-9,300,000			-7,200,000					-3,100,000	-8,300,000																		-3,300,000	7,600,000							5,900,000	5,900,000
provision for income taxes from continuing operations										2,000,000	3,800,000	2,400,000	700,000	6,000,000	-800,000	500,000		4,500,000	5,700,000			-75,300,000	5,000,000	-1,800,000		1,000,000	2,800,000	2,500,000		200,000	3,400,000	100,000	900,000	-11,700,000	200,000	1,800,000	1,500,000	800,000	1,900,000	1,800,000	3,600,000			-15,300,000		2,300,000		2,400,000			-200,000		1,600,000		2,300,000			200,000	-100,000		2,800,000		-5,400,000	1,300,000			6,600,000				1,600,000		900,000
income from continuing operations										5,600,000	3,000,000			-5,100,000	-8,000,000	-5,300,000	-15,700,000	-1,500,000	-1,100,000	1,200,000	1,900,000	78,100,000	2,600,000	-600,000	200,000	3,300,000	2,600,000	1,300,000	3,700,000	5,200,000	1,400,000		1,300,000					-14,000,000	-23,500,000			-6,550,000	4,300,000	4,300,000	-15,900,000		-16,500,000			-11,100,000		-49,800,000					-9,500,000			-7,100,000					-4,400,000	-14,900,000				-220,000	-220,000	-220,000	-220,000	-180,000				-8,400,000	-3,000,000	-610,000	-10,000	-400,000	-10,000	-2,100,000	5,700,000	4,300,000	4,300,000	3,500,000	3,500,000		-220,000	4,200,000	4,200,000
discontinued operations:
income from discontinued operations before income taxes														-75,000
income tax benefit										-400,000		200,000		-2,200,000		900,000	100,000	75,000	200,000	100,000		50,000		200,000				100,000	-100,000	500,000	-200,000	1,800,000	400,000												1,600,000	1,600,000
income from discontinued operations												200,000		200,000		900,000						-100,000	-200,000	-200,000		-700,000		3,000,000	-600,000	-500,000	300,000	-3,900,000	-3,500,000					100,000	-100,000	-100,000		3,000,000	50,800,000	50,800,000	900,000	900,000	200,000	200,000		200,000	200,000	-100,000					-400,000	-400,000		-2,500,000			-650,000	200,000	200,000	-2,300,000	-2,300,000					100,000	100,000					12,600,000	-17,100,000	50,000	200,000	-200,000	200,000	25,000	100,000						100,000
net loss attributable to kratos										2,400,000	-1,600,000	-2,700,000	-7,000,000
basic and diluted loss per common share attributable to kratos:
loss from continuing operations										-22,500	-10,000	-600,000	-5,800,000																			-3,800,000		-22,300,000	-4,200,000	-6,200,000	-9,900,000			-10,300,000	-22,200,000					-15,900,000		-16,500,000			-11,100,000		-49,800,000					-9,500,000	-7,100,000				-5,450,000	-4,400,000			-14,900,000								-180,000
loss per common share										-22,500	-10,000	-20,000	-50,000	-57,500	-60,000
basic and diluted weighted-average common shares outstanding											129,600,000	129,100,000																				103,700,000			90,500,000	86,600,000				59,800,000
loss from discontinued operations before income taxes																	-300,000	-350,000	-1,000,000	-400,000
loss from continuing operations before income taxes													-5,100,000			-4,800,000	-20,000,000			-2,400,000	-800,000											-3,700,000		-34,000,000	-4,000,000	-4,400,000	-8,400,000	-3,600,000	-21,600,000	-8,500,000	-18,600,000			-11,000,000		-13,600,000		-14,100,000			-11,300,000		-48,200,000					-9,300,000	-7,200,000				-4,500,000	-3,100,000			-8,300,000
loss from discontinued operations																	-200,000	-275,000	-800,000	-300,000					-400,000									-50,000	-100,000		-100,000																-100,000						-2,500,000
basic loss per common share attributable to kratos:
diluted loss per common share attributable to kratos:
basic income per common share attributable to kratos:
diluted income per common share attributable to kratos:
net income per common share																-40,000	-120,000		-20,000	10,000	20,000	680,000	20,000	-10,000		30,000	20,000	40,000	30,000	-20,000	20,000							-50,000	-390,000			-60,000	930,000	930,000	-250,000		-280,000		-330,000	-190,000		-870,000		-260,000		-130,000	-170,000			-170,000		-180,000			-70,000	-410,000		-90,000		-220,000	-220,000	-220,000	-220,000			200,000
benefit for income taxes from continuing operations																	-4,300,000			-3,600,000	-2,700,000				-1,400,000				-1,500,000													-2,775,000	-15,300,000						925,000	-200,000		1,600,000								-100,000		2,800,000				6,600,000				1,600,000		900,000
less: net loss attributable to noncontrolling interest																				-200,000
operating income from continuing operations																						5,075,000	12,700,000	2,900,000	4,700,000	7,175,000	11,500,000	9,000,000	8,200,000	10,800,000	10,100,000	2,600,000	7,000,000	1,850,000	3,100,000	2,600,000	1,700,000	4,600,000	-13,000,000			1,500,000	1,600,000	1,600,000	-3,700,000	-3,700,000	-1,500,000	-1,500,000	10,700,000	1,200,000	1,200,000	4,700,000	4,700,000	3,300,000	3,300,000	5,400,000	6,100,000	6,100,000	8,900,000	8,900,000	11,500,000	11,500,000	-80,300,000	14,100,000	14,100,000	7,400,000	7,400,000	8,200,000	8,200,000	10,000,000	10,000,000	8,700,000	8,700,000	1,400,000	1,400,000	8,400,000
income from operations of discontinued component																						-200,000	-200,000	-400,000		-500,000		2,900,000	-500,000				-3,900,000						-100,000			500,000	77,000,000	77,000,000	-700,000
comprehensive income																						550,000	3,300,000	-1,100,000		2,425,000	2,400,000	4,200,000	3,100,000	-2,050,000	1,700,000							-4,400,000	-23,700,000			-3,900,000	55,200,000	55,200,000																										-6,800,000	-6,800,000
change in cumulative translation adjustment																						200,000	900,000	-300,000	200,000	-75,000	-200,000	-100,000				100,000	-100,000	200,000	-200,000		100,000	-300,000	-100,000	-100,000		-100,000	100,000	100,000	300,000	300,000	-200,000	-200,000		-100,000	-100,000						-100,000	-100,000			100,000	100,000	-800,000	200,000	200,000	-200,000	-200,000			100,000	100,000
less: comprehensive income attributable to noncontrolling interest																						-25,000		-100,000		125,000	100,000	400,000
comprehensive income attributable to kratos																						575,000	3,300,000	-1,000,000		2,300,000	2,300,000	3,800,000	3,100,000
loss from operations of discontinued component																									-400,000									-25,000			-100,000			-100,000						-700,000
income tax expense																																		200,000	-100,000			-25,000				47,500,000	-26,200,000	-26,200,000
discontinued operations
unused office space, restructuring expenses, and other																													100,000				400,000	125,000	100,000	100,000	300,000	2,625,000	200,000	4,800,000	5,500,000
less: comprehensive loss attributable to noncontrolling interest
income from operations of discontinued components																														-2,275,000	500,000	-5,700,000
basic income per common share:
diluted income per common share:
basic and diluted loss per common share:
net loss per common share																																-70,000	-20,000	-60,000	-50,000	-70,000	-130,000			-170,000	-370,000					-250,000		-280,000			-190,000		-870,000		-260,000			-170,000	-170,000		-180,000		-140,000	-70,000			-410,000		-90,000
comprehensive loss																																-7,600,000	-2,300,000	-5,150,000	-4,500,000	-6,200,000	-9,900,000			-10,500,000	-22,200,000				-14,700,000	-14,700,000	-16,500,000	-16,500,000	-2,900,000	-11,000,000	-11,000,000	-49,900,000	-49,900,000	-15,100,000	-15,100,000	-7,400,000	-10,000,000	-10,000,000	-9,600,000	-9,600,000	-10,200,000	-10,200,000	-6,000,000	-4,000,000	-4,000,000	-17,400,000	-17,400,000	-3,000,000	-3,000,000
net income from continuing operations																																	10,000				-130,000				-370,000	-112,500	70,000	70,000	-270,000	-270,000	-280,000	-280,000	-30,000	-190,000	-190,000	-870,000	-870,000	-260,000	-260,000	-120,000	-170,000	-170,000	-120,000	-120,000	-140,000	-140,000	-1,910,000	-80,000	-80,000	-360,000	-360,000	-100,000	-100,000
net loss from discontinued operations																																	-30,000																										-50,000
basic and diluted weighted-average shares outstanding																																					77,300,000								58,400,000	58,400,000	58,300,000	58,300,000		57,800,000	57,800,000	57,400,000	57,400,000	57,400,000	57,400,000
operating loss from continuing operations																																									-10,200,000
basic loss per common share:
diluted loss per common share:
unused office space and other restructuring expenses																																										325,000	400,000	400,000
net income from discontinued operations																																										212,500	860,000	860,000	20,000	20,000														-50,000			-15,000	10,000	10,000	-50,000	-50,000	200,000	200,000					300,000	300,000
unused office space and other restructuring																																															1,000,000	1,000,000		100,000	100,000	900,000	900,000	700,000	700,000		-6,600,000	-6,600,000	1,300,000	1,300,000
benefit from income taxes from continuing operations																																													2,300,000		2,400,000							2,300,000		725,000	200,000								1,300,000
net income from above																																																	-18,950,000	-10,900,000		-49,900,000		-15,000,000		-7,450,000	-9,900,000			-9,600,000		-10,300,000			-4,200,000	-17,200,000		-3,000,000		-6,900,000	-6,900,000
net loss from above																																																			-10,900,000		-49,900,000		-15,000,000			-9,900,000	-9,600,000		-10,300,000		-6,100,000	-4,200,000			-17,200,000		-3,000,000
other comprehensive income:
other comprehensive loss, net of tax																																																									-100,000	-100,000
other comprehensive income, net of tax																																																													100,000	100,000	-1,000,000	200,000	200,000	-200,000	-200,000			100,000	100,000
unused office space and other																																																																700,000	700,000
unused office space expense and other																																																																		1,400,000	1,400,000
cost of service revenue																																																																				81,800,000	81,800,000	71,800,000	71,800,000	58,000,000	58,000,000	60,300,000	60,300,000	58,600,000
net income per common share:																																																																				-90,000						-170,000	-170,000
other comprehensive income
net loss per common share:																																																																					-90,000
recovery of legal fees in connection with litigation
merger and acquisition expenses and other																																																																								1,800,000	1,800,000	5,800,000	5,800,000
impairment of goodwill
income (loss) from continuing operations before income taxes																																																																												2,200,000
provision (benefit) for income taxes from continuing operations
income (loss) from continuing operations																																																																												3,300,000														-220,000
income (loss) from discontinued operations																																																																																										100,000
weighted average common shares outstanding:
basic																																																																												16,100,000										71.3				68.9		68.3
diluted																																																																												16,300,000										74.8				68.9		75.5
revenues																																																																														47,800,000	49,000,000	73,400,000	84,300,000	86,200,000	83,900,000	54,400,000	108,900,000	110,800,000	110,800,000	101,200,000	101,200,000	95,800,000	95,800,000	102,700,000	102,700,000	98,000,000	98,000,000	82,900,000	68,600,000	68,600,000	56,800,000	56,800,000	53,900,000	53,900,000	51,000,000	49,100,000		40,100,000
cost of revenues																																																																														40,300,000	41,700,000	65,000,000	69,000,000	70,600,000	69,700,000	41,700,000	85,800,000	85,100,000	85,100,000	78,400,000	78,400,000	82,400,000	82,400,000	78,800,000	78,800,000	76,400,000	76,400,000	62,200,000	49,900,000	49,900,000	39,800,000	39,800,000	39,000,000	39,000,000	37,300,000	37,200,000		29,200,000
stock option investigation and related fees																																																																														5,000,000	1,500,000
other income, net:
other income (expenses)																																																																														200,000
benefit for income taxes																																																																														300,000	200,000																											10,100,000
basic earnings per common share:
diluted earnings per common share:
contingent acquisition consideration																																																																																25,000			100,000
foreign currency loss																																																																																		-200,000																								-400,000
other expenses
income before provision for income taxes																																																																																						6,900,000		5,600,000
basic earnings (loss) per common share:
diluted earnings (loss) per common share:
impairment of investment in unconsolidated affiliate and other incomes																																																																																											200,000
income before benefit from income taxes																																																																																		200,000					6,900,000		5,600,000					7,300,000	7,300,000
benefit from income taxes																																																																																		600,000					2,600,000		2,100,000				1,700,000	1,400,000	1,400,000
foreign exchange gain
income from discontinued operations, net of taxes
contingent acquisition consideration and restatement fees																																																																																										13,900,000	13,900,000
foreign currency transaction gain																																																																																				25,000						100,000	100,000
impairment of investment in unconsolidated affiliate and other expenses																																																																																										200,000
diluted earnings per share:
foreign currency gain																																																																																						100,000	100,000							200,000	200,000	-300,000	300,000	300,000	-400,000	-400,000
loss from discontinued operations, net of taxes
provision (credit) for doubtful accounts																																																																																										100,000	100,000
depreciation and amortization																																																																																										1,200,000	1,200,000	1,200,000	1,200,000	1,200,000	1,200,000	1,700,000	1,600,000	1,600,000	1,700,000	1,700,000	1,700,000	1,700,000	1,800,000	1,700,000	4,300,000	2,700,000
provision (benefit) for income taxes
credit for doubtful accounts																																																																																														-300,000	-300,000
net income per common share:																																																																				-90,000						-170,000	-170,000
basic																																																																																														90,000	90,000	140,000	120,000	120,000	90,000	90,000	80,000	80,000	70,000	50,000
diluted																																																																																														80,000	80,000	110,000	90,000	90,000	70,000	70,000	60,000	60,000	70,000	40,000
benefit from doubtful accounts																																																																																																-775,000	-900,000		-900,000	-900,000	-1,300,000	-1,300,000
asset impairment charges																																																																																																										21,100,000
other																																																																																																			100,000	100,000	-100,000	-100,000				-300,000
provision for doubtful accounts																																																																																																		-900,000
foreign currency exchange gain																																																																																																					600,000	600,000	375,000	600,000
weighted-average common shares outstanding :
basic	176,800,000	162,700,000	170,500,000	155,700,000	154,200,000	149,000,000	152,600,000	151,800,000	139,600,000	130,400,000			128,100,000	126,700,000	127,200,000	126,400,000	125,900,000	124,600,000	124,900,000	124,700,000	124,100,000	115,500,000	123,100,000	108,300,000	107,200,000	106,000,000	106,500,000	106,100,000	104,900,000	103,800,000	103,900,000		103,700,000	89,500,000				61,300,000	60,500,000		59,600,000	58,700,000	59,000,000	59,000,000													57,100,000	57,100,000	56,600,000	56,600,000	56,600,000	56,600,000	46,900,000	56,600,000	56,600,000	41,700,000	41,700,000	32,500,000	32,500,000	30,800,000	30,800,000	23,800,000	23,800,000	21,300,000	21,300,000			73,900,000	73,900,000	73,500,000	73,900,000	73,900,000	72,300,000	74	71.7		71.3	71,200,000	71,200,000		68.9		68.3	64,200,000	64,200,000	53,400,000	53,800,000	53,800,000	51,100,000	51,100,000	49,300,000	49,300,000	48,100,000	48,100,000
diluted	179,400,000	165,200,000	172,900,000	157,400,000	156,200,000	150,900,000	154,100,000	153,500,000	141,500,000	130,400,000			128,100,000	126,700,000	127,200,000	126,400,000	125,900,000	128,000,000	124,900,000	127,700,000	127,700,000	118,700,000	126,400,000	108,300,000	110,100,000	109,200,000	109,900,000	109,400,000	107,800,000	106,100,000	106,400,000		105,700,000	89,500,000				61,300,000	60,500,000		59,600,000	58,700,000	60,000,000	60,000,000													57,100,000	57,100,000	56,600,000	56,600,000	56,600,000	56,600,000	46,900,000	56,600,000	56,600,000	41,700,000	41,700,000	32,500,000	32,500,000	30,800,000	30,800,000	23,800,000	23,800,000	21,300,000	21,300,000			73,900,000	73,900,000	73,500,000	73,900,000	73,900,000	72,300,000	75.3	75.3		74.8	75,900,000	75,900,000		68.9		75.5	76,900,000	76,900,000	73,300,000	75,700,000	75,700,000	72,300,000	72,300,000	68,700,000	68,700,000	48,100,000	65,400,000
net loss per common share - basic and diluted																																																																																																									-1,460,000
weighted-average shares, basic																																																																																																									47,700,000
dilutive effect of stock options
dilutive effect of series a convertible preferred stock
dilutive effect of series b convertible preferred stock
dilutive effect of contingently issuable shares
weighted-average shares, diluted																																																																																																									47,700,000
revenues:
design and deployment																																																																																																									81,400,000
network management																																																																																																									22,100,000
business consulting																																																																																																									3,900,000
operating income:
total operating income																																																																																																									-58,600,000
net income per common share – basic and diluted																																																																																																										-1,520,000
weighted-average common shares outstanding – basic and diluted																																																																																																										47,300,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-12-28	2025-09-28	2025-06-29	2025-03-30	2024-12-29	2024-09-29	2024-06-30	2024-03-31	2023-12-31	2023-10-01	2023-06-25	2023-03-26	2022-12-25	2022-09-25	2022-06-26	2022-03-27	2021-12-26	2021-09-26	2021-06-27	2021-03-28	2020-12-27	2020-09-27	2020-06-28	2020-03-29	2019-12-29	2019-09-29	2019-06-30	2019-03-31	2018-12-30	2018-09-30	2018-07-01	2018-04-01	2017-12-31	2017-10-01	2017-06-25	2017-03-26	2016-12-25	2016-09-25	2016-06-26	2016-03-27	2015-12-27	2015-09-27	2015-06-28	2015-03-29	2014-12-28	2014-09-28	2014-06-29	2014-03-30	2013-12-29	2013-09-29	2013-06-30	2013-03-31	2012-12-30	2012-09-30	2012-06-24	2012-03-25	2011-09-25	2011-06-26	2011-03-27	2010-09-26	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-30	2005-09-30	2005-07-01	2005-06-30	2005-04-01	2005-03-31	2004-10-01	2004-09-30	2004-07-02	2004-06-30	2004-04-02	2004-03-31	2003-12-26	2003-09-30	2003-09-26	2003-06-30	2003-06-27	2003-03-31	2003-03-28	2002-12-27	2002-09-30	2002-06-30	2002-03-31

assets
current assets:
cash and cash equivalents	560,600,000	565,900,000	783,600,000	263,700,000	329,300,000	301,500,000	308,200,000	338,900,000	72,800,000	42,200,000	48,200,000	46,700,000	81,300,000	125,200,000	142,400,000	254,400,000	349,400,000	369,900,000	369,300,000	383,600,000	380,800,000	374,700,000	397,200,000	158,600,000	172,600,000	181,000,000	176,200,000	178,400,000	182,700,000	187,200,000	182,800,000	127,800,000	129,600,000	239,200,000	63,300,000	73,400,000	69,100,000	20,500,000	17,600,000	20,100,000	28,500,000	35,800,000	22,200,000	34,400,000	34,700,000	16,200,000	26,900,000	53,600,000	55,700,000	49,800,000	49,700,000	51,600,000	49,000,000	37,600,000	145,700,000	74,800,000	109,400,000	100,400,000	45,500,000	51,300,000	12,300,000	8,000,000	5,400,000	12,900,000	11,600,000	10,000,000	12,900,000	16,100,000	24,300,000	24,300,000	36,100,000	36,100,000	53,900,000	53,900,000	44,900,000	44,900,000	53,700,000	53,700,000	89,600,000	87,700,000	87,700,000	104,200,000	104,200,000	102,300,000	102,300,000	99,100,000	83,000,000	76,100,000	62,300,000
accounts receivable	165,000,000	136,300,000	142,200,000	118,200,000	117,500,000	112,700,000	131,700,000	116,900,000	128,800,000	128,200,000	115,700,000	143,900,000	105,700,000	83,700,000	100,600,000	65,900,000	93,900,000	85,400,000	80,000,000	85,700,000	95,300,000	83,900,000	59,800,000	78,300,000	85,000,000	65,600,000	67,800,000	81,300,000	64,600,000	60,100,000	66,200,000	57,700,000	268,400,000	244,200,000	226,600,000	227,900,000	229,400,000	208,000,000	211,000,000	208,800,000	206,800,000	194,700,000	204,500,000	238,600,000	248,200,000	255,100,000	265,900,000	248,000,000	265,800,000	269,000,000	253,600,000	281,800,000	271,900,000	281,400,000	256,800,000	259,600,000	248,700,000	162,900,000	161,800,000	92,600,000	45,700,000	54,400,000	115,700,000	107,800,000	104,400,000	107,000,000	109,600,000	154,300,000	131,100,000	131,100,000	126,500,000	126,500,000			138,900,000	138,900,000	112,700,000	112,700,000	95,800,000	78,500,000	78,500,000	61,300,000	61,300,000	61,900,000	61,900,000	60,500,000	71,300,000	70,700,000	67,900,000
unbilled receivables	292,400,000	287,100,000	256,600,000	244,300,000	206,300,000	206,400,000	206,700,000	208,900,000	200,400,000	223,700,000	222,000,000	209,900,000	222,800,000	218,500,000	214,400,000	214,800,000	190,800,000	189,300,000	185,000,000	178,900,000	177,000,000	192,700,000	186,400,000	181,000,000	179,400,000	176,200,000	169,100,000	158,000,000	172,800,000	166,100,000	160,600,000
inventoried costs	188,200,000	180,000,000	177,800,000	176,000,000	162,100,000	158,900,000	154,800,000	159,800,000	156,200,000	150,100,000	145,900,000	134,000,000	125,500,000	120,300,000	118,200,000	107,100,000	91,700,000	90,900,000	90,700,000	85,700,000	81,200,000	78,300,000	66,900,000	62,700,000	61,100,000	68,200,000	75,400,000	69,200,000	46,800,000	48,600,000	49,000,000	48,200,000	50,400,000	62,800,000	61,500,000	64,800,000	55,400,000	58,500,000	49,900,000	52,600,000	55,600,000	54,600,000	49,500,000	72,100,000	68,000,000	80,400,000	78,500,000	81,100,000	74,600,000	83,400,000	85,300,000	88,200,000	94,300,000	99,900,000	86,400,000	87,400,000	79,800,000	64,000,000	72,400,000
prepaid expenses	12,900,000	14,800,000	14,500,000	16,500,000	18,000,000	37,200,000	28,800,000	26,800,000	16,000,000	18,300,000	12,800,000	14,300,000	11,900,000	13,600,000	12,200,000	11,100,000	9,800,000	11,700,000	13,400,000	13,500,000	12,000,000	17,900,000	14,600,000	14,000,000	9,400,000	10,100,000	10,300,000	13,300,000	8,900,000	14,200,000	8,400,000	6,800,000	12,900,000	11,600,000	10,800,000	8,900,000	8,900,000	11,100,000	11,500,000	10,400,000	10,600,000	9,600,000	9,100,000	8,400,000	8,500,000	9,000,000	11,600,000	10,800,000	10,400,000	18,400,000	18,400,000	18,000,000	17,400,000	17,600,000	12,600,000	11,700,000	11,600,000	8,700,000	9,900,000	10,100,000	2,400,000	1,600,000	2,600,000	3,000,000	3,200,000	2,900,000	2,300,000	4,500,000	5,100,000	5,100,000	4,100,000	4,100,000	3,100,000	3,100,000	2,900,000	2,900,000	3,900,000	3,900,000	1,900,000	1,700,000	1,700,000	1,500,000	1,500,000	1,700,000	1,700,000	1,600,000	1,300,000	1,300,000	1,400,000
other current assets	43,800,000	52,900,000	54,200,000	45,700,000	38,900,000	21,700,000	21,000,000	20,400,000	20,000,000	41,900,000	43,200,000	39,300,000	35,400,000	40,000,000	36,500,000	34,600,000	22,500,000	25,400,000	30,300,000	21,200,000	17,800,000	22,600,000	19,600,000	14,500,000	11,400,000	9,900,000	11,900,000	9,600,000	10,300,000	11,900,000	10,100,000	12,900,000	7,200,000	9,800,000	11,400,000	11,800,000	5,200,000	9,700,000	11,400,000	12,700,000	13,600,000	15,000,000	13,500,000	11,100,000	8,800,000	10,800,000	10,500,000	14,800,000	16,700,000	3,700,000	5,600,000	10,200,000	7,000,000	14,500,000	18,800,000	14,400,000	3,900,000	9,100,000	11,800,000	4,900,000	4,400,000	4,000,000	5,500,000	7,800,000	6,400,000	6,100,000	4,600,000	7,800,000	6,900,000	6,900,000	5,700,000	5,700,000	2,200,000	2,200,000	2,000,000	2,000,000	4,400,000	4,400,000	4,500,000	5,200,000	5,200,000	4,300,000	4,300,000	2,700,000	2,700,000	3,500,000	6,400,000	4,500,000	4,900,000
total current assets	1,262,900,000	1,237,000,000	1,428,900,000	864,400,000	872,100,000	838,400,000	851,200,000	871,700,000	594,200,000	604,400,000	587,800,000	588,100,000	582,600,000	601,300,000	624,300,000	687,900,000	758,100,000	772,600,000	768,700,000	768,600,000	764,800,000	770,800,000	745,000,000	510,300,000	522,200,000	515,600,000	516,000,000	517,100,000	494,700,000	496,600,000	484,800,000	457,100,000	471,300,000	567,800,000	373,800,000	387,300,000	373,100,000	310,400,000	302,100,000	305,300,000	320,400,000	310,400,000	353,200,000	366,200,000	374,900,000	376,700,000	398,500,000	413,300,000	430,300,000	429,300,000	417,800,000	455,100,000	455,400,000	456,600,000	521,100,000	448,600,000	454,400,000	347,900,000	413,700,000	195,600,000	126,000,000	122,900,000	140,000,000	142,000,000	141,200,000	144,600,000	176,500,000	183,600,000	168,000,000	168,000,000	175,000,000	175,000,000	193,700,000	193,700,000	192,300,000	192,300,000	177,400,000	177,400,000	218,000,000	203,500,000	203,500,000	186,800,000	186,800,000	172,200,000	172,200,000	170,800,000	165,400,000	159,400,000	146,200,000
property, plant and equipment	361,900,000	342,500,000	311,800,000	301,300,000	288,200,000	280,500,000	271,200,000	251,300,000	243,600,000	227,300,000	218,600,000	213,600,000	213,100,000	217,900,000	212,200,000	173,500,000	168,300,000	158,800,000	145,500,000	146,900,000	143,800,000	136,100,000	122,300,000	119,600,000	116,900,000	115,700,000	115,500,000	113,500,000	67,100,000	65,200,000	62,100,000	61,500,000	61,200,000	56,700,000	55,000,000	50,800,000	49,800,000	47,300,000	51,200,000	53,800,000	56,200,000	60,700,000	60,900,000	81,500,000	82,600,000	82,600,000	84,200,000	84,000,000	84,800,000	84,500,000	83,500,000	84,000,000	85,600,000	84,600,000	72,400,000	72,700,000	81,600,000	61,500,000	58,100,000
operating lease right-of-use assets	43,400,000	42,000,000	40,600,000	41,500,000	37,600,000	39,900,000	41,800,000	42,900,000	45,700,000	50,600,000	48,200,000	46,600,000	47,400,000	41,700,000	38,100,000	39,600,000	38,500,000	38,800,000	40,100,000	40,800,000	42,900,000	40,100,000	38,000,000	39,800,000	42,100,000	44,800,000	43,800,000	38,100,000
goodwill	595,700,000	595,000,000	598,800,000	597,400,000	568,900,000	568,900,000	568,900,000	568,900,000	569,100,000	558,200,000	558,200,000	558,200,000	558,200,000	551,800,000	551,900,000	522,900,000	493,900,000	483,700,000	483,700,000	483,700,000	483,900,000	475,300,000	465,500,000	463,300,000	455,600,000	458,100,000	459,400,000	459,400,000	425,700,000	425,700,000	425,700,000	425,700,000	461,200,000	485,300,000	485,400,000	485,400,000	485,400,000	483,400,000	483,400,000	483,400,000	483,400,000	483,400,000	483,400,000	596,400,000	596,400,000	596,400,000	596,400,000	596,400,000	596,400,000	596,400,000	596,400,000	596,400,000	596,500,000	678,500,000	575,600,000	577,000,000	547,500,000	370,300,000	368,700,000	187,200,000	130,400,000	130,200,000	155,400,000	119,900,000	119,900,000	119,900,000	119,900,000	117,200,000	116,400,000	116,400,000	115,900,000	115,900,000	80,400,000	80,400,000	75,300,000	75,300,000			51,100,000							41,600,000	41,600,000	41,600,000	41,600,000
intangible assets	53,900,000	57,200,000	58,900,000	61,600,000	53,800,000	55,900,000	58,100,000	60,200,000	62,400,000	50,700,000	52,200,000	53,600,000	55,200,000	61,900,000	64,900,000	51,500,000	43,200,000	39,300,000	40,400,000	41,600,000	43,000,000	42,000,000	39,200,000	41,000,000	39,500,000	37,800,000	32,400,000	34,400,000	16,100,000	17,500,000	18,800,000	20,300,000	22,000,000	24,500,000	27,300,000	29,900,000	32,600,000	26,900,000	29,500,000	33,800,000	36,500,000	39,400,000	42,200,000	47,700,000	52,300,000	57,800,000	62,600,000	64,300,000	69,900,000	78,800,000	87,800,000	96,800,000	106,100,000	132,200,000	107,200,000	116,100,000	133,400,000	113,500,000	122,800,000
other assets	144,400,000	149,600,000	146,700,000	138,700,000	130,300,000	128,800,000	123,000,000	119,600,000	117,500,000	99,600,000	97,800,000	97,000,000	95,000,000	93,500,000	91,900,000	90,100,000	87,500,000	84,600,000	83,900,000	83,600,000	84,400,000	8,900,000	9,200,000	9,300,000	9,700,000	6,300,000	6,500,000	6,400,000	6,500,000	6,900,000	7,200,000	7,800,000	8,300,000	8,400,000	8,500,000	8,200,000	7,700,000	7,900,000	8,000,000	8,100,000	6,800,000	27,600,000	28,600,000	30,800,000	32,600,000	32,400,000	30,400,000	38,400,000	35,200,000	35,700,000	36,800,000	38,300,000	39,600,000	21,000,000	23,000,000	23,000,000	24,500,000	19,200,000	20,100,000	7,900,000	7,100,000	2,800,000	1,900,000	800,000	1,000,000	900,000	900,000	1,200,000	1,200,000	1,200,000	1,000,000	1,000,000	800,000	800,000	800,000	800,000	900,000	900,000	400,000	400,000	400,000	300,000	300,000	300,000	300,000	200,000	200,000	200,000	200,000
investment in joint venture	5,000,000
total assets	2,467,200,000	2,423,300,000	2,585,700,000	2,004,900,000	1,950,900,000	1,912,400,000	1,914,200,000	1,914,600,000	1,632,500,000	1,590,800,000	1,562,800,000	1,557,100,000	1,551,500,000	1,568,100,000	1,583,300,000	1,565,500,000	1,589,500,000	1,577,800,000	1,562,300,000	1,565,200,000	1,562,800,000	1,473,200,000	1,419,200,000	1,183,300,000	1,186,000,000	1,178,300,000	1,173,600,000	1,168,900,000	1,010,100,000	1,011,900,000	998,600,000	1,011,200,000	1,024,000,000	1,142,700,000	950,000,000	961,600,000	948,600,000	875,900,000	874,200,000	884,400,000	903,300,000	921,500,000	1,102,600,000	1,122,600,000	1,138,800,000	1,145,900,000	1,172,100,000	1,196,400,000	1,216,600,000	1,224,700,000	1,222,300,000	1,270,600,000	1,284,000,000	1,372,900,000	1,299,300,000	1,237,400,000	1,241,400,000	912,400,000	983,400,000	484,900,000	293,700,000	306,300,000	335,900,000	299,900,000	299,100,000	302,500,000	336,300,000	343,900,000	328,100,000	328,100,000	335,600,000	335,600,000	312,000,000	312,000,000	302,100,000	302,100,000	312,900,000	312,900,000	300,900,000	276,500,000	276,500,000	259,500,000	259,500,000	240,800,000	240,800,000	234,300,000	230,300,000	225,000,000	213,000,000
liabilities and stockholders’ equity
current liabilities:
accounts payable	69,600,000	66,200,000	97,600,000	82,700,000	82,000,000	61,000,000	58,800,000	61,900,000	63,100,000	57,400,000	58,400,000	54,900,000	57,300,000	53,500,000	58,200,000	51,700,000	50,400,000	43,600,000	59,900,000	51,900,000	55,400,000	54,700,000	44,900,000	44,300,000	53,800,000	42,400,000	52,700,000	47,400,000	46,600,000	41,800,000	39,800,000	31,300,000	48,800,000	50,600,000	55,800,000	51,800,000	52,700,000	47,200,000	47,900,000	39,800,000	48,300,000	28,100,000	46,200,000	42,500,000	48,400,000	49,200,000	70,100,000	48,200,000	61,900,000	57,700,000	64,900,000	71,600,000	83,600,000	81,000,000	61,900,000	80,300,000	68,500,000	44,500,000	57,500,000	30,900,000	15,100,000	11,900,000	26,900,000	18,800,000	19,700,000	19,200,000	22,900,000	31,500,000	25,300,000	25,300,000	30,400,000	30,400,000	24,900,000	24,900,000	23,500,000	23,500,000	15,100,000	15,100,000	12,600,000	11,000,000	11,000,000	10,300,000	10,300,000	8,200,000	8,200,000	6,100,000	11,200,000	7,700,000	7,800,000
accrued expenses	60,500,000	66,800,000	48,400,000	42,400,000	38,800,000	39,900,000	35,300,000	36,000,000	35,400,000	40,300,000	41,000,000	35,900,000	33,800,000	29,500,000	36,000,000	34,200,000	27,200,000	28,700,000	27,200,000	32,000,000	34,700,000	28,800,000	28,500,000	28,400,000	32,700,000	39,000,000	39,200,000	36,600,000	38,100,000	38,700,000	38,400,000	33,800,000	45,600,000	41,800,000	45,100,000	49,800,000	50,000,000	45,100,000	31,000,000	29,900,000	33,100,000	26,600,000	28,300,000	31,500,000	34,200,000	37,000,000	40,800,000	41,100,000	46,200,000	45,400,000	39,100,000	41,700,000	46,400,000	51,700,000	52,900,000	50,400,000	49,200,000	30,400,000	37,000,000	18,900,000	9,500,000	9,000,000	13,100,000	13,300,000	12,300,000	15,200,000	18,000,000	39,100,000	33,500,000	33,500,000	26,900,000	26,900,000	50,000,000	50,000,000	42,000,000	42,000,000	27,600,000	27,600,000	27,600,000	22,600,000	22,600,000	19,800,000	19,800,000	18,600,000	18,600,000	17,200,000	16,100,000	14,900,000	15,300,000
accrued compensation	82,300,000	68,700,000	71,700,000	70,000,000	71,900,000	60,600,000	63,300,000	61,100,000	64,700,000	55,200,000	54,000,000	56,200,000	52,200,000	54,500,000	50,100,000	56,700,000	47,300,000	51,300,000	46,200,000	54,200,000	48,100,000	45,400,000	38,800,000	40,900,000	37,100,000	36,200,000	32,100,000	37,200,000	33,500,000	32,200,000	34,100,000	34,100,000	34,800,000	33,700,000	35,600,000	35,200,000	39,100,000	32,900,000	34,200,000	32,600,000	36,800,000	30,000,000	34,100,000	39,200,000	46,400,000	37,100,000	38,700,000	38,700,000	44,900,000	37,100,000	39,800,000	43,400,000	47,800,000	41,900,000	33,800,000	42,000,000	47,300,000	30,100,000	36,600,000	22,200,000	5,900,000	7,700,000	13,900,000	15,500,000	13,300,000	14,500,000	13,000,000
billings in excess of costs and earnings on uncompleted contracts	73,400,000	64,200,000	77,300,000	82,000,000	76,300,000	61,900,000	80,900,000	97,500,000	101,800,000	79,400,000	73,100,000	65,200,000	62,100,000	48,900,000	59,200,000	49,700,000	58,100,000	57,700,000	43,500,000	41,100,000	34,000,000	36,300,000	34,400,000	38,300,000	34,300,000	34,000,000	38,800,000	39,700,000	34,900,000	40,500,000	32,900,000	38,200,000	47,200,000	51,100,000	40,300,000	41,800,000	41,800,000	42,500,000	43,200,000	49,000,000	42,300,000	49,200,000	49,800,000	56,500,000	52,100,000	47,200,000	49,200,000	54,500,000	52,500,000	51,200,000	45,600,000	48,400,000	43,700,000	44,000,000	37,100,000	39,800,000	32,800,000	8,500,000	16,400,000	18,100,000
current portion of operating lease liabilities	12,800,000	12,200,000	11,900,000	12,000,000	11,300,000	11,600,000	11,700,000	11,600,000	12,100,000	12,100,000	11,600,000	11,100,000	10,800,000	10,700,000	10,600,000	10,500,000	10,100,000	9,200,000	9,300,000	8,900,000	8,900,000	8,900,000	8,300,000	8,700,000	9,900,000	10,900,000	12,100,000	13,300,000
current portion of finance lease obligations	3,400,000				1,900,000
other current liabilities	9,000,000	6,500,000	13,400,000	13,800,000	14,500,000	24,300,000	21,200,000	18,700,000	12,800,000	15,900,000	10,400,000	19,300,000	15,600,000	15,200,000	12,500,000	9,200,000	25,700,000	10,600,000	11,800,000	13,000,000	11,900,000	16,200,000	10,500,000	10,100,000	10,000,000	8,900,000	8,900,000	9,300,000	4,700,000	5,400,000	13,000,000	7,800,000	8,900,000	10,500,000	6,100,000	6,400,000	6,700,000	6,200,000	5,600,000	5,900,000	5,100,000	9,900,000	5,600,000	6,600,000	6,800,000	11,600,000	14,000,000	12,400,000	8,100,000	13,800,000	14,100,000	19,800,000	15,900,000	33,800,000	32,100,000	26,300,000	18,700,000	10,300,000	23,600,000	13,000,000
total current liabilities	311,000,000	287,400,000	322,400,000	304,900,000	296,700,000	260,500,000	272,300,000	288,200,000	292,500,000	263,000,000	250,900,000	245,000,000	234,200,000	213,500,000	227,800,000	213,300,000	221,100,000	210,600,000	202,100,000	210,200,000	197,600,000	199,700,000	170,000,000	180,100,000	182,700,000	181,500,000	188,900,000	195,300,000	164,700,000	172,100,000	168,000,000	175,000,000	188,900,000	198,800,000	187,100,000	196,000,000	196,500,000	187,400,000	167,600,000	170,300,000	172,400,000	187,300,000	215,900,000	223,000,000	226,100,000	227,200,000	246,900,000	244,100,000	251,000,000	256,200,000	238,600,000	275,600,000	279,000,000	274,100,000	222,900,000	238,800,000	216,500,000	123,800,000	171,100,000	103,100,000	115,200,000	132,500,000	143,900,000	65,000,000	64,000,000	67,600,000	102,800,000	103,600,000	94,000,000	94,000,000	107,800,000	107,800,000	102,200,000	102,200,000	78,500,000	78,500,000	56,300,000	56,300,000	55,100,000	47,300,000	47,300,000	43,400,000	43,400,000	42,300,000	42,300,000	40,100,000	41,000,000	35,100,000	67,200,000
long-term debt			169,800,000	172,200,000	174,600,000	177,000,000	179,500,000	179,400,000	219,300,000	234,200,000	232,100,000	250,300,000	250,200,000	292,600,000	293,800,000	295,000,000	296,700,000	296,500,000	300,300,000	300,300,000	301,000,000	300,300,000	295,900,000	295,300,000	295,100,000									369,700,000	369,500,000			445,000,000	444,700,000																			516,300,000	516,500,000	225,000,000
operating lease liabilities, net of current portion	33,800,000	33,300,000	32,200,000	33,100,000	29,800,000	32,200,000	34,100,000	35,300,000	37,800,000	43,000,000	41,000,000	40,000,000	40,800,000	35,300,000	31,500,000	33,300,000	32,700,000	34,000,000	35,300,000	36,400,000	38,600,000	35,700,000	34,300,000	36,000,000	37,600,000	39,500,000	37,800,000	31,300,000
finance lease liabilities, net of current portion	95,800,000	86,000,000	63,300,000	63,900,000	64,400,000
other long-term liabilities	30,300,000	35,100,000	38,000,000	43,200,000	32,200,000	99,800,000	99,000,000	83,100,000	83,300,000	76,800,000	77,400,000	76,800,000	77,400,000	82,100,000	82,900,000	73,900,000	76,200,000	77,300,000	71,600,000	72,000,000	83,000,000	84,700,000	77,000,000	73,900,000	78,700,000	77,500,000	74,600,000	73,500,000	25,500,000	27,600,000	24,000,000	24,200,000	19,300,000	38,500,000	42,600,000	41,200,000	23,700,000	35,700,000	32,500,000	31,100,000	18,000,000	23,900,000	24,400,000	25,100,000	24,500,000	24,800,000	25,200,000	26,200,000	25,500,000	22,200,000	29,700,000	32,200,000	31,800,000	36,500,000	33,900,000	35,600,000	38,600,000	45,300,000	47,900,000	14,500,000
total liabilities	470,900,000	441,800,000	625,700,000	617,300,000	597,700,000	569,500,000	584,900,000	586,000,000	634,000,000	618,100,000	602,500,000	613,500,000	604,000,000	624,900,000	637,400,000	618,000,000	629,200,000	620,900,000	611,800,000	621,400,000	622,700,000	623,000,000	579,800,000	588,100,000	596,900,000	596,100,000	598,700,000	601,000,000	490,800,000	500,000,000	492,100,000	498,700,000	512,500,000	610,800,000	603,000,000	610,200,000	672,200,000	671,800,000	648,600,000	649,700,000	649,100,000	663,900,000	903,900,000	911,100,000	914,500,000	914,900,000	935,000,000	912,300,000	920,800,000	923,000,000	914,200,000	955,000,000	959,900,000	960,300,000	907,800,000	926,700,000	910,000,000	685,400,000	735,500,000	342,600,000	121,900,000	139,300,000	148,800,000	67,600,000	66,800,000	70,500,000	106,000,000	106,700,000	97,200,000	97,200,000	110,600,000	110,600,000	105,600,000	105,600,000	82,100,000	82,100,000	60,200,000	60,200,000	58,600,000	55,200,000	55,200,000	52,000,000	52,000,000	51,500,000	51,500,000	51,100,000	52,800,000	49,700,000	84,000,000
commitments and contingencies
stockholders’ equity:
preferred stock, 0.001 par value...
common stock, 0.001 par value...	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000
additional paid-in capital	2,635,900,000	2,627,000,000	2,613,500,000	2,046,700,000	2,017,400,000	2,010,200,000	1,998,600,000	1,982,700,000	1,654,500,000	1,633,500,000	1,623,700,000	1,610,000,000	1,608,400,000	1,602,100,000	1,593,100,000	1,582,000,000	1,578,900,000	1,572,300,000	1,563,100,000	1,557,900,000	1,556,300,000	1,545,400,000	1,537,900,000	1,292,600,000	1,286,500,000	1,282,700,000	1,277,800,000	1,275,000,000	1,244,500,000	1,242,400,000	1,238,800,000	1,237,200,000	1,233,700,000	1,232,200,000	1,042,700,000	1,041,000,000	956,200,000	879,500,000	877,300,000	875,900,000	873,200,000	872,700,000	869,000,000	867,100,000	863,400,000	867,200,000	862,300,000	859,500,000	856,000,000	854,500,000	850,900,000	848,800,000	847,100,000	845,400,000	819,900,000	721,700,000	730,500,000	619,300,000	618,100,000	526,300,000	392,400,000	391,900,000	391,700,000	327,800,000	327,100,000	326,300,000	324,900,000	322,800,000	322,000,000	322,000,000	320,500,000	320,500,000	318,200,000	318,200,000	317,200,000	317,200,000	308,000,000	308,000,000	303,400,000	290,800,000	290,800,000	283,000,000	283,000,000	269,600,000	269,600,000	266,900,000	264,500,000	263,900,000	217,400,000
accumulated other comprehensive income	2,100,000	2,100,000	2,800,000	100,000	-500,000	300,000	1,500,000	2,100,000	1,700,000	2,500,000	2,900,000		-800,000	-3,700,000		600,000		1,300,000	2,200,000																																																																						200,000
accumulated deficit	-641,900,000	-647,800,000	-656,500,000	-659,400,000	-663,900,000	-667,800,000	-671,000,000	-678,900,000	-680,200,000	-682,600,000	-681,000,000	-678,300,000	-671,300,000	-663,000,000	-655,000,000	-650,300,000	-634,400,000	-631,800,000	-629,400,000	-630,500,000	-632,400,000	-710,500,000	-712,900,000	-712,200,000	-712,000,000	-715,000,000	-717,500,000	-721,400,000	-724,500,000	-729,200,000	-730,900,000	-723,200,000	-720,800,000	-698,500,000	-694,200,000	-688,000,000	-678,100,000	-673,800,000	-650,200,000	-639,800,000	-617,600,000	-613,600,000	-668,700,000	-653,700,000	-637,400,000	-635,200,000	-624,300,000	-574,500,000	-559,400,000	-552,000,000	-542,100,000	-532,500,000	-522,200,000	-432,200,000	-428,000,000						-220,600,000	-224,900,000		-94,000,000	-93,100,000												-51,600,000	-51,600,000	-57,500,000	-65,600,000	-65,600,000	-72,200,000	-72,200,000	-77,000,000	-77,000,000	-81,000,000	-84,100,000	-86,600,000	-88,800,000
total stockholders’ equity	1,996,300,000	1,981,500,000	1,960,000,000	1,387,600,000	1,353,200,000	1,342,900,000	1,329,300,000	1,306,100,000	976,000,000	953,400,000	945,600,000	931,200,000	936,300,000	935,400,000	938,100,000	932,300,000	945,100,000	941,800,000	935,900,000	929,000,000	925,300,000	835,300,000	824,500,000	580,200,000	574,100,000	566,700,000	559,500,000	552,900,000	519,300,000	511,900,000	506,500,000	512,500,000	511,500,000	531,900,000	347,000,000	351,400,000	276,400,000	204,100,000	225,600,000	234,700,000	254,200,000														391,500,000	310,700,000	331,400,000	227,000,000	247,900,000	142,300,000	171,800,000	167,000,000	187,100,000	232,300,000	232,300,000	232,000,000	230,300,000	236,900,000	230,600,000	230,600,000	224,700,000	224,700,000	206,100,000	206,100,000	219,700,000	219,700,000	252,400,000	252,400,000	242,000,000	221,000,000	221,000,000	207,200,000	207,200,000	189,000,000	189,000,000	182,900,000	177,300,000	175,100,000	128,800,000
total liabilities and stockholders’ equity	2,467,200,000	2,423,300,000	2,585,700,000	2,004,900,000	1,950,900,000	1,912,400,000	1,914,200,000	1,914,600,000	1,632,500,000	1,590,800,000	1,562,800,000	1,557,100,000	1,551,500,000	1,568,100,000	1,583,300,000	1,565,500,000	1,589,500,000	1,577,800,000	1,562,300,000	1,565,200,000	1,562,800,000	1,473,200,000	1,419,200,000	1,183,300,000	1,186,000,000	1,178,300,000	1,173,600,000	1,168,900,000	1,010,100,000	1,011,900,000	998,600,000	1,011,200,000	1,024,000,000	1,142,700,000	950,000,000	961,600,000	948,600,000	875,900,000	874,200,000	884,400,000	903,300,000	921,500,000	1,102,600,000	1,122,600,000	1,138,800,000	1,145,900,000	1,172,100,000	1,196,400,000	1,216,600,000	1,224,700,000	1,222,300,000	1,270,600,000	1,284,000,000	1,372,900,000	1,299,300,000	1,237,400,000	1,241,400,000	912,400,000	983,400,000	484,900,000	293,700,000	306,300,000	335,900,000	299,900,000	299,100,000	302,500,000	336,300,000	343,900,000	328,100,000	328,100,000	335,600,000	335,600,000	312,000,000	312,000,000	302,100,000	302,100,000	312,900,000	312,900,000	300,900,000	276,500,000	276,500,000	259,500,000	259,500,000	240,800,000	240,800,000	234,300,000	230,300,000	225,000,000	213,000,000
current portion of finance lease liabilities		2,800,000	2,100,000	2,000,000
service revenues		117,400,000	134,900,000	102,400,000		103,900,000	106,500,000	106,500,000		106,500,000	103,700,000	91,600,000		88,600,000	78,800,000	67,900,000		51,600,000	58,000,000	57,300,000		67,600,000	62,900,000	63,600,000		70,800,000	73,700,000	62,600,000		54,900,000	47,000,000	46,000,000		86,700,000	91,600,000	85,000,000		87,200,000
product sales		230,200,000	216,600,000	200,200,000		172,000,000	193,600,000	170,700,000		168,100,000	153,200,000	140,200,000		140,000,000	145,400,000	128,300,000		149,000,000	147,100,000	136,900,000		134,400,000	107,500,000	105,300,000		113,300,000	114,200,000	97,800,000		104,500,000	104,200,000	97,000,000		109,500,000	94,100,000	82,800,000		78,200,000
total revenues		347,600,000	351,500,000	302,600,000		275,900,000	300,100,000	277,200,000		274,600,000	256,900,000	231,800,000		228,600,000	224,200,000	196,200,000		200,600,000	205,100,000	194,200,000		202,000,000	170,400,000	168,900,000		184,100,000	187,900,000	160,400,000		159,400,000	151,200,000	143,000,000		196,200,000	185,700,000	167,800,000		165,400,000
cost of service revenues		91,200,000	107,200,000	75,700,000		76,700,000	77,000,000	79,200,000		79,000,000	80,000,000	68,200,000		65,100,000	56,200,000	49,900,000		35,500,000	41,300,000	42,500,000		50,500,000	46,200,000	45,200,000		50,200,000	50,600,000	42,000,000		34,300,000	33,200,000	32,900,000		60,800,000	67,000,000	61,800,000		64,700,000
cost of product sales		179,300,000	170,500,000	153,300,000		130,000,000	145,900,000	127,000,000		122,200,000	113,000,000	104,200,000		108,600,000	110,200,000	94,400,000		104,500,000	111,800,000	100,700,000		94,400,000	78,200,000	77,900,000		85,300,000	89,200,000	73,500,000		81,000,000	78,700,000	69,300,000		87,300,000	71,300,000	60,900,000		74,800,000
total costs		270,500,000	277,700,000	229,000,000		206,700,000	222,900,000	206,200,000		201,200,000	193,000,000	172,400,000		173,700,000	166,400,000	144,300,000		140,000,000	153,100,000	143,200,000		144,900,000	124,400,000	123,100,000		135,500,000	139,800,000	115,500,000		115,300,000	111,900,000	102,200,000		148,100,000	138,300,000	122,700,000		139,500,000
gross profit		77,100,000	73,800,000	73,600,000		69,200,000	77,200,000	71,000,000		73,400,000	63,900,000	59,400,000		54,900,000	57,800,000	51,900,000		60,600,000	52,000,000	51,000,000		57,100,000	46,000,000	45,800,000		48,600,000	48,100,000	44,900,000		44,100,000	39,300,000	40,800,000		48,100,000	47,400,000	45,100,000		25,900,000
selling, general and administrative expenses		59,800,000	59,900,000	57,000,000		52,600,000	54,500,000	54,400,000		50,900,000	47,300,000	47,800,000		48,500,000	44,500,000	43,300,000		41,800,000	38,200,000	37,900,000		36,300,000	36,000,000	34,900,000		32,500,000	33,700,000	31,500,000		29,500,000	30,100,000	29,800,000		40,700,000	40,600,000	38,700,000		35,500,000
merger and acquisition expenses		200,000				200,000								200,000	100,000	300,000		300,000	100,000	200,000		100,000	1,000,000	400,000		100,000	600,000	1,200,000
research and development expenses		10,000,000	10,200,000	10,000,000		9,900,000	10,200,000	9,600,000		10,300,000	9,900,000	10,200,000		9,600,000	9,200,000	9,200,000		8,000,000	10,200,000	8,000,000		7,700,000	6,000,000	5,700,000		4,600,000	4,500,000	3,900,000		4,400,000	3,600,000	3,600,000		4,200,000	4,100,000	4,400,000		3,200,000
operating income		7,100,000	3,700,000	6,600,000		6,500,000	12,500,000	7,000,000		12,200,000	6,700,000	500,000		-3,600,000	-1,900,000	-1,200,000		10,500,000	3,300,000	4,900,000
other income:
interest income		4,600,000	-1,200,000				100,000
other income		200,000	2,100,000	-300,000		-700,000	100,000	-200,000		-300,000	200,000	-300,000		-1,100,000		100,000				200,000		800,000	300,000	-500,000		-700,000	100,000	-500,000		-300,000	-600,000	300,000		600,000	200,000	200,000		100,000
total other income		4,800,000	900,000	-1,200,000		-700,000	200,000	-3,000,000		-5,400,000	-4,900,000	-5,600,000		-5,200,000	-2,900,000	-18,800,000		-5,900,000	-5,700,000	-5,700,000		-5,100,000	-5,300,000	-5,900,000		-6,100,000	-5,200,000	-6,000,000		-5,300,000	-6,300,000	-4,800,000		-7,100,000	-7,000,000	-10,100,000		-8,600,000
income before income taxes		11,900,000	4,600,000	5,400,000		5,800,000	12,700,000	4,000,000
benefit from income taxes		3,200,000	1,700,000	900,000		2,600,000	4,800,000	2,700,000
net income		8,700,000	2,900,000							3,000,000	-400,000	-5,800,000		-8,000,000	-4,400,000	-15,900,000		-1,900,000	900,000	1,900,000		2,400,000	-800,000	-200,000		2,600,000	4,300,000	3,100,000		1,700,000	-7,700,000	-2,200,000		-4,300,000	-6,200,000	-10,000,000		-23,600,000
basic income per common share		50,000	20,000
diluted income per common share		50,000	20,000
weighted-average common shares outstanding:
basic		170,500,000	155,700,000	154,200,000		152,600,000	151,800,000	139,600,000				128,100,000		127,200,000	126,400,000	125,900,000		124,900,000	124,700,000	124,100,000		123,100,000	108,300,000	107,200,000		106,500,000	106,100,000	104,900,000		103,900,000		103,700,000						60,500,000
diluted		172,900,000	157,400,000	156,200,000		154,100,000	153,500,000	141,500,000				128,100,000		127,200,000	126,400,000	125,900,000		124,900,000	127,700,000	127,700,000		126,400,000	108,300,000	110,100,000		109,900,000	109,400,000	107,800,000		106,400,000		105,700,000						60,500,000
interest expense				-900,000				-2,800,000		-5,100,000	-5,100,000	-5,300,000		-4,100,000	-2,900,000	-5,900,000		-5,900,000	-5,700,000	-5,900,000		-5,900,000	-5,600,000	-5,400,000		-5,400,000	-5,300,000	-5,500,000		-5,000,000	-5,700,000	-5,100,000		-7,700,000	-7,200,000	-8,200,000		-8,700,000
net income from consolidated operations				4,500,000		3,200,000	7,900,000	1,300,000
less: net income attributable to noncontrolling interest										4,600,000	2,300,000	1,200,000			300,000			500,000	-200,000				-100,000			100,000	400,000
net income attributable to kratos				4,500,000		3,200,000	7,900,000	1,300,000		-1,600,000	-2,700,000	-7,000,000		-8,000,000	-4,700,000	-15,900,000		-2,400,000	1,100,000	1,900,000		2,400,000	-700,000	-200,000		2,500,000	3,900,000	3,100,000
basic income per common share attributable to kratos				30,000		20,000	50,000	10,000
diluted income per common share attributable to kratos				30,000		20,000	50,000	10,000
redeemable noncontrolling interest								22,500,000	22,500,000	19,300,000	14,700,000	12,400,000	11,200,000	7,800,000	7,800,000	15,200,000	15,200,000	15,100,000	14,600,000	14,800,000	14,800,000	14,900,000	14,900,000	15,000,000	15,000,000	15,500,000	15,400,000	15,000,000
accrued interest						1,200,000	1,100,000	1,400,000	1,700,000	1,800,000	1,500,000	1,500,000	1,500,000	300,000	300,000	200,000	1,500,000	6,400,000	1,500,000	6,400,000	1,500,000	6,400,000	1,600,000	6,400,000	1,600,000	6,500,000	1,600,000	6,500,000	1,600,000	6,500,000	1,700,000	6,600,000	1,700,000	10,000,000	3,000,000	9,600,000	3,600,000	11,700,000	3,800,000	11,700,000	3,900,000	11,800,000	5,600,000	16,500,000	5,600,000	16,700,000	5,700,000	20,800,000	5,200,000	22,000,000	6,100,000	21,700,000	6,300,000	21,700,000	5,100,000
restructuring expenses and other												900,000		200,000	5,900,000	300,000			200,000			300,000	100,000	100,000		-100,000	300,000			100,000	3,000,000
current liabilities of discontinued operations									900,000	900,000	900,000	900,000	900,000	900,000	900,000	1,100,000	800,000	3,100,000	2,700,000	2,700,000	3,100,000	3,000,000	3,000,000	3,000,000	3,300,000	3,600,000	3,500,000	5,300,000	5,300,000	7,000,000	8,100,000	23,200,000	1,100,000	1,100,000	1,200,000	1,400,000	1,600,000	1,800,000	1,900,000	1,400,000	1,900,000	1,500,000	16,100,000		1,200,000				2,500,000				4,900,000								33,200,000	38,500,000	11,300,000	500,000	900,000	1,200,000	30,100,000		200,000	200,000	400,000	400,000	1,600,000	1,600,000	1,900,000	1,900,000
long-term liabilities of discontinued operations									1,100,000	1,100,000	1,100,000	1,400,000	1,400,000	1,400,000	1,400,000	2,500,000	2,500,000	2,500,000	2,500,000	2,500,000	2,500,000	2,600,000	2,600,000	2,800,000	2,800,000	2,800,000	2,800,000	6,500,000	6,400,000				3,800,000				3,700,000				4,100,000								200,000				300,000
loss on extinguishment of debt																-13,000,000																				-2,100,000
income from continuing operations before income taxes										6,800,000	1,800,000	-5,100,000		-8,800,000	-4,800,000	-20,000,000		4,600,000	-2,400,000	-800,000		7,600,000	-2,400,000	-1,200,000		5,400,000	3,800,000	2,200,000		4,800,000	-3,700,000	2,200,000		-4,000,000	-4,400,000	-8,400,000		-21,600,000
benefit for income taxes from continuing operations										3,800,000	2,400,000	700,000		-800,000	500,000	-4,300,000		5,700,000	-3,600,000	-2,700,000			-1,800,000	-1,400,000				-1,500,000		3,400,000								1,900,000
income from continuing operations										3,000,000	-600,000	-5,800,000		-8,000,000	-5,300,000	-15,700,000		-1,100,000	1,200,000	1,900,000		2,600,000	-600,000	200,000		2,600,000	1,300,000	3,700,000		1,400,000	-3,800,000	1,300,000		-4,200,000	-6,200,000	-9,900,000		-23,500,000
discontinued operations:
income from discontinued operations before income taxes																-300,000		-1,000,000	-400,000
income tax benefit											200,000				900,000	100,000		200,000	100,000				200,000				100,000	-100,000		-200,000	1,800,000	400,000
income from discontinued operations											200,000				900,000	-200,000		-800,000	-300,000			-200,000	-200,000	-400,000			3,000,000	-600,000		300,000	-3,900,000	-3,500,000		-100,000		-100,000		-100,000
basic and diluted loss per common share attributable to kratos:
loss per common share										-10,000	-20,000	-50,000		-60,000
basic and diluted weighted-average common shares outstanding										129,600,000	129,100,000																				103,700,000			90,500,000	86,600,000
accumulated other comprehensive loss												-500,000					600,000			1,600,000	1,400,000	400,000	-500,000	-200,000	-400,000	-1,000,000	-800,000	-700,000	-700,000	-1,300,000	-1,400,000	-1,500,000	-1,400,000	-1,800,000	-1,500,000	-1,600,000	-1,700,000	-1,600,000	-1,500,000	-1,400,000	-1,400,000	-1,500,000	-1,600,000	-1,900,000	-1,700,000	-1,000,000	-900,000	-900,000	-800,000	-800,000	-700,000	-700,000	-800,000	-600,000	-400,000		100,000							-1,500,000	-1,700,000												-4,100,000	-4,100,000	-4,000,000	-4,200,000	-4,200,000	-3,600,000	-3,600,000	-3,600,000	-3,600,000	-3,000,000	-3,100,000	-2,200,000
basic loss per common share attributable to kratos:
diluted loss per common share attributable to kratos:
basic income per common share attributable to kratos:
diluted income per common share attributable to kratos:
net income per common share															-40,000	-120,000		-20,000	10,000	20,000		20,000	-10,000			20,000	40,000	30,000		20,000	-70,000	-20,000		-50,000	-70,000	-130,000		-390,000
restricted cash																					700,000	700,000							300,000	300,000	300,000	400,000	400,000	200,000	200,000	500,000	500,000	700,000	700,000	700,000	700,000	700,000	700,000	1,600,000	5,400,000	5,200,000	5,100,000	5,000,000	5,000,000	5,000,000	5,200,000	5,300,000	5,500,000	5,600,000	800,000	700,000	1,000,000	2,800,000	112,300,000	8,700,000		1,000,000	1,000,000					400,000	100,000	100,000					1,000,000	1,000,000
current assets of discontinued operations																							500,000	1,200,000	3,300,000	4,600,000	5,300,000	7,300,000	8,300,000	8,200,000	7,400,000	52,100,000											53,700,000																		36,300,000	51,900,000	8,000,000	600,000	700,000	700,000	46,700,000						200,000	200,000	200,000	200,000
operating income from continuing operations																						12,700,000	2,900,000	4,700,000		11,500,000	9,000,000	8,200,000		10,100,000	2,600,000	7,000,000		3,100,000	2,600,000	1,700,000		-13,000,000
benefit from income taxes from continuing operations																						5,000,000				2,800,000	2,500,000				100,000	900,000		200,000	1,800,000	1,500,000
income from operations of discontinued component																						-200,000	-400,000	-400,000			2,900,000	-500,000				-3,900,000				-100,000		-100,000
comprehensive income																						3,300,000	-1,100,000			2,400,000	4,200,000	3,100,000		1,700,000								-23,700,000
change in cumulative translation adjustment																						900,000	-300,000	200,000		-200,000	-100,000				100,000	-100,000		-200,000		100,000		-100,000
less: comprehensive income attributable to noncontrolling interest																							-100,000			100,000	400,000
comprehensive income attributable to kratos																						3,300,000	-1,000,000			2,300,000	3,800,000	3,100,000
income tax expense																																		-100,000
long-term debt principal, net of current portion																										294,800,000	294,600,000	294,400,000	294,200,000	294,000,000	293,800,000	293,600,000	293,500,000			369,300,000	431,000,000			444,400,000	444,100,000	448,500,000	622,000,000	622,000,000	622,000,000	621,900,000	621,900,000	628,500,000	628,800,000	629,000,000	629,300,000	629,500,000	629,700,000	630,000,000	630,200,000	630,500,000	631,000,000
discontinued operations
unused office space, restructuring expenses, and other																												100,000				400,000		100,000	100,000	300,000		200,000
less: comprehensive loss attributable to noncontrolling interest
non-current assets of discontinued operations																																38,800,000											134,300,000
non-current liabilities of discontinued operations																														6,300,000	6,300,000	5,900,000		3,800,000	3,800,000	3,700,000		3,700,000	3,800,000	3,900,000		4,200,000	600,000
income from operations of discontinued components																														500,000	-5,700,000
basic income per common share:
diluted income per common share:
basic and diluted loss per common share:
comprehensive loss																															-7,600,000	-2,300,000		-4,500,000	-6,200,000	-9,900,000
unbilled receivable																																151,200,000
net income from continuing operations																																10,000				-130,000
net income from discontinued operations																																-30,000
income taxes receivable																																	2,400,000				4,600,000				4,600,000				1,300,000				2,100,000				3,700,000							2,300,000	2,600,000	2,000,000	1,800,000																							3,100,000	3,100,000	3,100,000	3,700,000
current portion of long-term debt																																	800,000				1,000,000				1,000,000				1,000,000				1,000,000				1,000,000
deferred income tax liability																																	7,000,000				17,300,000					30,200,000	30,200,000	30,200,000	30,300,000	28,400,000	28,400,000	28,400,000	28,400,000	29,000,000	29,000,000	29,000,000	28,900,000
basic and diluted weighted-average shares outstanding																																				77,300,000
assets held for sale																																						1,900,000
current portion of capital lease obligations																																													100,000				300,000				500,000
line of credit																																											41,000,000	41,000,000	41,000,000	41,000,000	41,000,000														40,000,000	51,000,000	51,000,000	8,000,000	8,000,000	7,000,000
total stockholders' equity																																										257,600,000	198,700,000	211,500,000	224,300,000	231,000,000	237,100,000	284,100,000	295,800,000	301,700,000	308,100,000	315,600,000	324,100,000	412,600,000
long-term debt premium																																																13,500,000	14,500,000	15,600,000	16,600,000	17,700,000	18,700,000	19,700,000	20,800,000	21,800,000	23,900,000
capital lease obligations, net of current portion																																																	100,000				400,000															500,000	500,000	500,000					100,000	100,000	200,000	200,000	200,000	300,000	300,000	500,000	500,000	500,000	500,000	600,000
other current assets of discontinued operations																																																					6,600,000
other assets of discontinued operations																																																					800,000
preferred stock, 5,000,000 shares authorized, 0.001 par value...
preferred stock, 5,000,000 shares authorized series b convertible preferred stock, .001 par value...
common stock, .001 par value...																																																																							100,000	100,000	100,000	100,000			100,000	100,000	100,000
total kratos defense & security solutions, inc. stockholders’ equity																																																											231,000,000
noncontrolling interest																																																											16,900,000
inventoried costs, net of progress payments																																																												25,700,000
property and equipment																																																												24,200,000	6,100,000	6,200,000	13,900,000	16,100,000	15,500,000	14,800,000	14,600,000	15,600,000	15,000,000	15,000,000	13,900,000	13,900,000	13,400,000	13,400,000	11,800,000	11,800,000	12,400,000	12,400,000	11,300,000	12,400,000	12,400,000	12,600,000	12,600,000	12,100,000	12,100,000	13,000,000	14,300,000	15,500,000	15,900,000
other intangibles																																																												70,000,000	12,000,000	12,700,000	13,400,000	6,100,000	6,500,000	7,000,000	7,400,000	7,800,000	8,300,000	8,300,000	8,800,000	8,800,000	6,700,000	6,700,000	5,600,000	5,600,000			500,000										200,000
note receivable																																																													22,300,000			9,600,000	14,600,000	17,500,000
deferred tax assets																																																													6,500,000	6,500,000	6,200,000	12,900,000	12,900,000	13,200,000	13,200,000	16,400,000	17,100,000	17,100,000	18,900,000	18,900,000	14,900,000	14,900,000	14,300,000	14,300,000	12,900,000	12,900,000	11,500,000	4,000,000	4,000,000	4,000,000	4,000,000	4,000,000	4,000,000
investments in unconsolidated affiliates																																																													2,100,000	2,100,000	2,100,000	2,100,000	2,100,000	2,100,000	2,100,000	2,100,000	2,100,000	2,100,000	2,100,000	2,100,000	2,100,000	2,100,000	2,000,000	2,000,000	9,300,000	9,300,000	8,100,000	8,100,000	8,100,000	8,100,000	8,100,000	8,100,000	8,100,000	8,200,000	8,300,000	8,300,000	8,300,000
non current assets of discontinued operations																																																													3,500,000	22,900,000	3,000,000				1,700,000
billings in excess of costs on completed contracts																																																													3,400,000	3,000,000	7,300,000	4,000,000	4,200,000	4,000,000	4,300,000				5,700,000	5,700,000	7,200,000	7,200,000	6,500,000	6,500,000			6,900,000
deferred tax liabilities																																																													1,500,000	1,400,000	7,600,000			400,000	900,000																			1,600,000	1,600,000	1,600,000
accrual for contingent acquisition consideration																																																													5,700,000	8,900,000	9,800,000	100,000	100,000	1,100,000	8,200,000	6,400,000	8,900,000	8,900,000	22,400,000	22,400,000	12,400,000	12,400,000			4,300,000	4,300,000	3,800,000
accrual for unused office space																																																													700,000	800,000	800,000	300,000	400,000	400,000	500,000	500,000	700,000	700,000	800,000	800,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,500,000	1,500,000	1,500,000	1,600,000	1,600,000	1,600,000	1,600,000	1,800,000
capital lease obligations																																																													200,000										200,000	200,000	300,000	300,000	300,000	300,000	400,000	400,000	500,000	700,000	700,000	1,200,000	1,200,000	1,800,000	1,800,000	2,300,000	2,800,000	3,000,000
accrual for unused office space, net of current portion																																																													1,400,000	1,500,000	1,800,000	1,000,000	1,000,000	1,100,000	1,200,000	1,300,000	1,400,000	1,400,000	1,600,000	1,600,000	1,800,000	1,800,000	2,100,000	2,100,000	2,400,000	2,400,000	2,000,000	6,200,000	6,200,000	6,700,000	6,700,000	7,400,000	7,400,000	7,600,000
other liabilities																																																													3,400,000	4,000,000	2,900,000	1,200,000	1,300,000	1,200,000	1,300,000	1,300,000	1,300,000	1,300,000	1,200,000	1,200,000	1,600,000	1,600,000	1,400,000	1,400,000	1,300,000	1,300,000	1,300,000	1,400,000	1,400,000	1,400,000	1,400,000	1,300,000	1,300,000	1,200,000	900,000	700,000	700,000
other long term liabilities of discontinued operations																																																													1,900,000	1,300,000	200,000	200,000	200,000	200,000	300,000
preferred stock, 5,000,000 shares authorized, series b convertible preferred stock, .001 par value...
capital lease obligations and other short-term debt																																																														300,000	400,000	300,000	300,000	300,000	300,000
tax contingencies																																																															1,700,000	1,700,000	1,700,000	1,700,000	1,800,000	15,200,000	15,500,000	15,500,000	14,000,000	14,000,000
income taxes payable																																																															100,000	2,500,000	2,100,000	1,800,000	2,000,000	3,100,000	2,800,000	2,800,000	6,200,000	6,200,000	4,800,000	4,800,000	3,300,000	3,300,000	2,000,000	2,000,000	1,200,000	2,600,000	2,600,000	2,700,000	2,700,000	3,000,000	3,000,000
capital lease obligations and debt, net of current portion																																																																200,000	300,000	400,000	400,000
employee loans and advances																																																																300,000	300,000	400,000	400,000	500,000	500,000	500,000	500,000	500,000	300,000	300,000	400,000	400,000	700,000	700,000	400,000	700,000	700,000	600,000	600,000	300,000	300,000	200,000	100,000	600,000	600,000
accounts payable—related party																																																																	1,000,000	800,000	800,000				800,000	800,000								200,000	200,000	300,000	300,000
short-term investments																																																																							2,000,000	2,000,000	2,000,000	2,000,000	2,000,000	2,000,000	2,000,000	2,000,000	24,600,000	28,400,000	28,400,000	13,000,000	13,000,000
deferred tax asset
accounts payable — related party																																																																				1,000,000
billings in excess of costs on contracts																																																																				6,500,000	5,600,000	5,600,000
capital lease obligations short-term																																																																				300,000	300,000	300,000
minority interest in subsidiary																																																																				300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	200,000	200,000	200,000
preferred stock, 5,000,000 shares authorized
series b convertible preferred stock, .001 par value...
accounts payable – related party																																																																					1,200,000	1,200,000
accounts receivable - related party																																																																							100,000	100,000																300,000	300,000
accounts receivable, net of 6.5 and 6.6 allowance																																																																									132,000,000	132,000,000
goodwill and other intangibles																																																																													100,000,000	100,000,000		48,100,000	48,100,000	47,700,000	47,700,000	43,600,000	43,600,000
billings in excess of costs																																																																													5,900,000	5,900,000		6,700,000	6,700,000	5,000,000	5,000,000	3,100,000	3,100,000	6,400,000
accounts receivable—related party																																																																															200,000	900,000	900,000	700,000	700,000
contract management receivables																																																																															1,000,000	400,000	400,000	1,200,000	1,200,000	2,700,000	2,700,000	2,400,000		2,800,000	4,800,000
employee loans and advances, net of current portion																																																																																				500,000	500,000	500,000
contract management payables																																																																															1,000,000	2,000,000	2,000,000	2,500,000	2,500,000	5,500,000	5,500,000	5,600,000		2,000,000	3,000,000
preferred stock, 5,000,000 shares authorized:
series a convertible preferred stock, .001 par value...
treasury stock
accounts receivable – related party																																																																																				600,000	600,000	400,000	200,000
accounts payable - related party																																																																																				500,000	500,000	700,000	1,200,000	1,400,000	1,000,000
line of credit payable																																																																																									33,000,000
note payable
note payable, net of current portion
billings in excess of costs and profits																																																																																							7,900,000	6,100,000	2,300,000
accrued unused office space																																																																																							1,800,000	10,800,000	11,300,000
capital lease obligations - net of current portion																																																																																							900,000	1,500,000	2,800,000
note payable - net of current portion
accrued unused office space – net of current portion																																																																																							8,400,000
employee loans and advances - current portion																																																																																									900,000
notes payable - current portion																																																																																									200,000
capital lease obligations - current portion																																																																																									4,600,000
notes payable - net of current portion																																																																																									400,000
deferred tax liability																																																																																									1,600,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-29	2025-12-28	2025-09-28	2025-06-29	2025-03-30	2024-12-29	2024-09-29	2024-06-30	2024-03-31	2023-12-31	2023-10-01	2023-06-25	2023-03-26	2022-12-25	2022-09-25	2022-06-26	2022-03-27	2021-12-26	2021-09-26	2021-06-27	2021-03-28	2020-12-27	2020-09-27	2020-06-28	2020-03-29	2019-12-29	2019-09-29	2019-06-30	2019-03-31	2018-12-30	2018-09-30	2018-07-01	2018-04-01	2017-12-31	2017-10-01	2017-06-25	2017-03-26	2016-12-25	2016-09-25	2016-06-26	2016-03-27	2015-12-27	2015-09-27	2015-06-29	2015-03-30	2014-12-28	2014-09-29	2014-06-30	2014-03-31	2013-09-30	2013-06-24	2013-03-25	2012-12-30	2012-09-30	2012-06-24	2012-03-27	2012-03-25	2011-09-25	2011-06-26	2011-03-28	2011-03-27	2010-09-26	2007-06-30	2007-03-31	2006-09-30	2006-06-30	2006-03-31	2005-09-30	2005-06-30	2005-04-01	2005-03-31	2004-09-30	2004-06-30	2004-03-31	2003-12-26	2003-09-30	2003-06-27	2003-03-31	2003-03-28	2002-12-27	2002-09-30	2002-06-30	2002-03-31

operating activities:
net income	11,900,000		8,700,000							5,600,000	3,000,000	-400,000	-5,800,000	-4,900,000	-8,000,000	-4,400,000	-15,900,000	-2,500,000	-1,900,000	900,000	1,900,000	78,000,000	2,400,000	-800,000	-200,000	2,600,000	2,600,000	4,300,000	3,100,000							-6,200,000	-10,000,000	-4,300,000	-23,600,000	-10,400,000	-22,200,000	-4,000,000	55,100,000	-15,000,000	-16,300,000		-10,900,000	-49,900,000	-15,000,000	-9,900,000	-9,600,000	-10,300,000				-3,000,000		-6,900,000	-5,200,000	-3,500,000	-3,500,000	9,900,000			-300,000					3,500,000				5,900,000
adjustments to reconcile net income to net cash from operating activities:
depreciation and amortization	16,800,000	13,000,000	11,900,000	11,800,000	10,400,000	10,300,000	10,300,000	10,400,000	9,300,000	9,200,000	8,200,000	7,900,000	7,900,000	7,700,000	8,900,000	6,900,000	7,000,000	6,300,000	6,100,000	7,000,000	6,300,000	6,100,000	6,200,000	6,000,000	6,300,000	6,600,000	5,700,000	6,000,000	5,100,000	4,300,000	4,400,000	4,700,000	4,500,000	5,500,000	6,000,000	5,400,000	5,600,000	5,500,000	5,600,000	5,600,000	6,100,000	6,000,000	5,900,000	5,100,000	8,500,000	9,900,000	9,900,000	9,700,000	9,600,000	12,900,000	13,600,000	14,200,000	15,500,000	16,600,000	12,200,000	13,700,000	13,700,000	15,200,000	11,400,000	4,800,000	4,800,000	6,200,000	1,300,000	1,200,000	1,900,000	2,100,000	2,100,000	2,100,000	2,200,000	1,800,000	1,800,000	2,100,000	1,800,000	1,600,000
deferred income taxes	1,200,000	8,200,000				4,300,000	0			2,400,000	0			-3,400,000	-100,000			300,000	200,000	-1,000,000	100,000	-77,900,000	800,000	-100,000	-1,000,000	-800,000	-1,000,000	300,000	-3,400,000	-900,000	1,200,000			-12,100,000	-400,000	1,500,000	800,000	1,500,000	1,200,000	800,000	1,200,000	-2,400,000	-300,000	1,800,000	1,800,000								-3,900,000	100,000				0	-100,000	300,000	300,000		100,000	100,000	-100,000
amortization of lease right-of-use assets	3,400,000	3,200,000	3,000,000	3,000,000	3,000,000	2,800,000	2,800,000	3,000,000	3,000,000	3,000,000	3,000,000	2,800,000	2,700,000	2,600,000	2,500,000	2,700,000	2,600,000	2,300,000	2,200,000	2,300,000	2,200,000	2,100,000	2,000,000	2,400,000	2,900,000	3,000,000	3,300,000	1,700,000	3,700,000
stock-based compensation	15,000,000	9,100,000	9,100,000	8,600,000	8,700,000	6,800,000	7,200,000	6,600,000	9,200,000	6,300,000	6,400,000	6,000,000	6,600,000	6,400,000	6,600,000	6,300,000	7,000,000	6,600,000	6,400,000	6,600,000	6,200,000	6,500,000	5,000,000	4,800,000	4,700,000	2,800,000	2,800,000	2,800,000	2,600,000	2,100,000	1,700,000	1,700,000	1,700,000	1,000,000	2,800,000	1,900,000	2,100,000	900,000	1,100,000	1,600,000	1,500,000	600,000	1,600,000	1,900,000	2,000,000	-3,800,000	2,900,000	2,900,000	1,800,000	2,100,000	2,000,000	1,900,000	2,000,000	2,300,000	1,200,000	1,100,000	1,100,000	900,000	800,000	600,000	600,000	1,100,000	100,000	200,000	700,000	800,000	900,000
amortization of deferred financing costs	100,000	100,000	100,000	100,000	200,000	200,000	200,000	100,000	200,000	200,000	200,000	100,000	200,000	200,000	200,000	100,000	300,000	300,000	200,000	300,000	200,000	300,000	200,000	300,000	200,000	300,000	200,000	300,000	200,000	300,000	200,000	300,000	200,000	300,000	300,000	300,000	400,000	300,000	400,000	400,000	400,000	400,000	500,000	500,000	500,000	700,000	400,000	800,000	1,300,000	1,300,000	1,300,000	1,300,000	1,300,000	1,300,000	1,200,000	1,300,000	1,300,000	1,200,000	900,000	400,000	400,000
changes in assets and liabilities, net of acquisitions:
accounts receivable	-2,000,000	-28,100,000	6,600,000	-23,900,000	800,000	-5,000,000	19,200,000	-15,000,000	12,000,000	10,400,000	-12,800,000	28,400,000	-39,100,000	-21,900,000	16,700,000	-31,600,000	31,900,000	-7,500,000	-5,400,000	5,700,000	9,800,000	-10,100,000	-18,300,000	18,100,000	6,600,000	-19,000,000	3,000,000	13,400,000	-9,000,000	-5,600,000	5,700,000			-24,200,000	-17,800,000	1,400,000	1,500,000	-21,400,000	2,900,000	-2,200,000	-4,000,000	-12,000,000	9,900,000	2,800,000	9,600,000	6,500,000	10,100,000	-18,300,000	17,800,000	-16,100,000	28,000,000	-9,800,000	9,100,000	-17,900,000	-2,500,000	14,100,000	14,100,000		-1,200,000	3,000,000	3,000,000	-37,700,000	-8,700,000	54,400,000	-102,600,000	101,800,000	2,600,000		-4,500,000	14,500,000	14,500,000			-8,300,000
unbilled receivables	-26,700,000	-900,000	-30,600,000	-11,900,000	-38,000,000	-100,000	400,000	2,100,000	-8,500,000	23,500,000	-2,000,000	-20,200,000	13,100,000	-4,200,000	-2,900,000	4,500,000	-19,800,000	-3,500,000	-4,300,000	-6,100,000	-1,800,000	15,900,000	-5,500,000	-5,300,000	-1,500,000	-3,600,000	-6,600,000	-11,100,000	19,700,000	-6,700,000	-5,500,000
inventoried costs	-14,700,000	-20,200,000	8,200,000	-1,900,000	-5,400,000	-3,000,000	-4,100,000	5,600,000	-3,500,000	-5,900,000	-3,700,000	-11,700,000	-8,300,000	4,200,000	-2,200,000	-10,500,000	-15,300,000	1,500,000	0	-2,600,000	-4,200,000	-500,000	-300,000	-3,000,000	-1,500,000	5,700,000	6,000,000	-5,500,000	-10,800,000	1,100,000	400,000	-800,000	1,300,000	12,000,000	2,500,000	2,700,000	-10,100,000	5,800,000	-5,300,000	-1,600,000	-1,600,000	1,300,000	-1,800,000	-1,700,000	-6,000,000	12,500,000	-1,900,000	2,600,000	-6,700,000	1,700,000	2,900,000	6,300,000	5,200,000	-800,000					5,100,000	1,300,000	1,300,000
prepaid expenses and other assets	-26,500,000		-4,200,000	-14,500,000	-12,800,000		-16,700,000	-5,600,000	-13,200,000		-6,000,000	-1,900,000	-7,800,000		-4,200,000	-3,700,000	-9,500,000		-2,900,000	-200,000	-2,000,000		-5,000,000	-4,000,000	-6,800,000		200,000	700,000	-1,100,000		-7,400,000	2,400,000	800,000		800,000	-3,200,000	-3,800,000		1,400,000	500,000	100,000		-300,000	-2,300,000	-1,400,000		0	-1,400,000	2,200,000	400,000				1,800,000				5,900,000	3,000,000	900,000	900,000
operating lease liabilities	-3,700,000	-3,300,000	-3,100,000	-2,700,000	-3,000,000	-3,400,000	-2,900,000	-3,000,000	-3,100,000	-3,200,000	-3,000,000	-2,800,000	-2,400,000	-2,800,000	-2,200,000	-2,800,000	-2,700,000	-2,600,000	-2,200,000	-2,300,000	-2,200,000	-2,200,000	-2,000,000	-2,600,000	-3,400,000	-3,200,000	-3,900,000	-2,000,000	2,800,000
accounts payable	30,800,000	600,000	-31,800,000	16,800,000	700,000	18,500,000	200,000	-3,300,000	-300,000	5,000,000	-2,800,000	4,000,000	-1,800,000	3,500,000	-4,600,000	4,300,000	1,300,000	5,200,000	-16,300,000	7,800,000	-2,000,000	-700,000	7,400,000	500,000	-9,600,000	11,300,000	-10,100,000	4,400,000	-800,000	4,000,000	2,200,000	9,000,000	-3,000,000	-1,800,000	-6,000,000	4,000,000	400,000	4,300,000	-100,000	7,500,000	-8,800,000	19,900,000	-18,200,000	7,600,000	-6,400,000	-800,000	-21,000,000	22,000,000	-13,700,000	-7,200,000	-6,900,000	-12,000,000	2,800,000	13,400,000	-17,400,000	26,800,000	26,800,000			3,100,000	3,100,000	-12,400,000	3,200,000	11,900,000	-24,600,000
accrued expenses	-16,100,000	-6,100,000	19,100,000	3,700,000	5,400,000	-2,900,000			600,000	-5,000,000	-800,000	5,200,000	2,000,000	4,500,000	-6,600,000	1,600,000	6,100,000	-1,400,000	1,500,000	-4,800,000	-2,700,000	5,900,000	-700,000	200,000	-4,400,000	-6,100,000			-2,700,000	-700,000	400,000	4,700,000	-6,100,000	3,300,000	-4,000,000	-4,400,000	-300,000	4,600,000	13,900,000	1,100,000	-3,100,000	6,700,000	-2,000,000	-1,300,000	-2,800,000	-2,900,000	-3,800,000	-200,000	-5,200,000	6,300,000	-3,100,000	-4,700,000	-5,100,000	-5,500,000									500,000	9,000,000	-17,000,000
accrued compensation	-6,400,000	13,700,000			-1,800,000	11,100,000	-2,600,000	2,200,000	-3,700,000	9,300,000	1,100,000	-2,000,000	4,000,000	-2,200,000	4,300,000	-6,900,000	5,600,000	-4,600,000	5,100,000	-8,000,000	6,200,000	2,000,000	5,100,000	-2,300,000	3,700,000	800,000	3,000,000	-5,200,000	3,100,000	1,300,000	-1,900,000	100,000	3,800,000	1,100,000	-1,900,000	400,000	-4,000,000	6,200,000	-1,200,000	1,500,000	-4,200,000	6,800,000	-4,100,000	100,000	-7,200,000	9,200,000	-1,600,000	100,000	-6,300,000	-2,700,000	-3,800,000	-4,300,000	5,800,000	5,100,000	-7,500,000	900,000	900,000			2,000,000	2,000,000	0	-1,800,000	7,700,000	-10,800,000	11,800,000	1,500,000
billings in excess of costs and earnings on uncompleted contracts	100,000	9,200,000	-9,600,000	-4,400,000	-700,000	14,200,000	-18,900,000	-16,700,000	-4,300,000	11,000,000	6,200,000	8,000,000	3,200,000	13,300,000	-11,900,000	9,600,000	-8,300,000	300,000	14,200,000	2,500,000	7,100,000	-2,300,000	-2,200,000	-3,900,000	3,400,000	400,000	-4,800,000	-1,000,000	3,000,000	-5,600,000	7,600,000	-5,200,000	-3,700,000	-3,800,000	10,700,000			-700,000	-600,000	-5,800,000	6,700,000	-7,000,000	-600,000	-4,100,000	4,400,000	5,000,000	-2,200,000	-5,100,000	-100,000	5,600,000	-3,000,000	4,900,000	-300,000	-2,400,000
income tax receivable and payable	-3,800,000	-100,000	1,900,000	200,000	-1,100,000	-6,000,000	1,300,000	2,900,000	1,500,000	-2,400,000	1,300,000	1,100,000	-500,000	8,400,000	-2,100,000	-1,300,000	-4,900,000	3,900,000	3,600,000	-3,900,000	-2,200,000	300,000	1,600,000	-2,100,000	-900,000	100,000	500,000	-200,000	1,400,000	1,000,000	200,000	-1,200,000	200,000	400,000	0	800,000	500,000	400,000	700,000	-300,000	400,000	-3,400,000	2,900,000	-2,500,000	-100,000	-1,300,000	-800,000	1,100,000	1,800,000	-200,000	1,200,000	2,900,000	100,000	700,000				900,000
other liabilities	-6,800,000	-1,700,000	0	-1,300,000	-100,000	-4,800,000	1,900,000	900,000	500,000	-1,400,000	1,100,000	-700,000	-600,000	-2,600,000	2,900,000	-1,600,000	-5,200,000	-600,000	500,000	-200,000	-5,000,000	2,200,000	6,600,000	3,400,000	-100,000	2,600,000	4,900,000	300,000	-6,500,000	-1,800,000	-1,800,000	6,400,000	-1,000,000	-900,000	400,000	-100,000	-900,000	-300,000	2,200,000	-1,000,000	1,400,000	1,500,000	400,000	0	-2,300,000	-1,400,000	-1,100,000	-100,000	-800,000	-700,000	-4,900,000	-1,800,000	-6,100,000	-700,000									-600,000	4,000,000	-1,400,000					700,000	700,000	1,600,000	1,100,000	600,000
net cash from operating activities	-27,400,000	12,100,000	-13,300,000	-11,700,000	-29,200,000	45,600,000	6,100,000	-2,700,000	700,000																																																											-6,000,000						-6,800,000	-4,500,000	-2,300,000	10,000,000	5,000,000	5,000,000	14,600,000	8,300,000	8,800,000	1,300,000
investing activities:
cash paid for acquisitions, net of cash acquired	-347,400,000					0	0							0	-300,000	-73,400,000	-58,500,000	-6,100,000	0	-1,100,000	-5,100,000	-7,600,000	-28,400,000	-1,300,000	-14,200,000	-100,000	0	0	-17,600,000	0																0	-1,000,000	0	-1,600,000	1,000,000	0	1,200,000	0	-127,900,000																				-48,400,000
investment in joint venture	-2,000,000
proceeds from sale of assets	4,200,000									0	0			100,000	0							0	0			0				-1,000,000	-900,000			0	100,000							0	0
capital expenditures										-19,300,000	-14,200,000	-11,200,000	-7,700,000	-10,600,000	-12,900,000	-11,100,000	-10,800,000	-13,100,000	-12,900,000	-10,900,000	-9,600,000	-12,900,000	-8,900,000	-7,700,000	-6,400,000	-8,400,000	-8,100,000	-5,800,000	-4,000,000	-4,700,000	-6,900,000	-4,300,000	-6,700,000	-7,500,000	-6,300,000	-7,500,000	-5,200,000	-4,100,000	-1,600,000	-1,400,000	-2,100,000	-3,200,000	-2,900,000	-3,000,000	-2,200,000	-4,800,000	-2,800,000	-3,500,000	-3,100,000	-4,900,000	-4,000,000	-3,300,000	-4,600,000	-5,800,000	0	0	0
free cash flows										48,100,000	-14,300,000	12,400,000	-33,400,000	-3,900,000	-15,700,000	-32,700,000	-18,700,000	-12,400,000	-300,000	-11,600,000	13,100,000	12,700,000	-600,000	-900,000	-2,400,000	-9,700,000	2,100,000	-1,800,000	12,000,000	-2,000,000	7,100,000	-9,400,000	-200,000	-17,800,000	-11,700,000	-10,100,000	-13,900,000	-7,800,000	2,100,000	-2,300,000	-13,600,000	-9,500,000	-11,200,000	-15,200,000	-5,100,000	21,100,000	-10,700,000	-15,500,000	-1,400,000	-2,300,000	-700,000	1,800,000	12,600,000	19,500,000	-19,700,000	29,500,000	29,500,000
net cash from investing activities	-365,100,000	-17,200,000	-28,000,000	-20,500,000	-22,600,000	-13,600,000	-15,300,000	-24,200,000	-16,600,000																																																																	-32,600,000	300,000	-20,200,000	-20,400,000	-2,600,000	-2,600,000
financing activities:
proceeds from the issuance of common stock, net of issuance costs	1,348,600,000	0	0			0	0	0	330,700,000														-100,000
repayment under credit facility and term loan			-180,000,000	-2,500,000	-2,500,000		-2,500,000	-1,200,000	-46,300,000		-14,300,000
debt issuance costs	-1,100,000													-100,000	0	0	-3,200,000													0	0	0	-100,000													-1,500,000	0						0	-200,000
payments under finance leases	-900,000	-400,000	-500,000	-500,000	-400,000	-400,000	-300,000	-400,000	-300,000	-300,000	-400,000	-400,000	-400,000	-400,000	-400,000	-300,000	-300,000	-300,000	-300,000	-200,000	-200,000	-100,000	-200,000	-200,000	-100,000	-100,000	-200,000	-100,000	-100,000
payments of employee taxes withheld from share-based awards	-54,900,000	-800,000	-900,000	-2,100,000	-16,200,000	-100,000	-200,000	-2,000,000	-15,100,000	-100,000	-200,000	-800,000	-2,600,000	-200,000	-800,000	-4,700,000	-6,800,000	0	-600,000	-1,400,000	-7,100,000
proceeds from shares issued under equity plans	5,300,000	0	5,300,000	0	4,600,000	0	4,600,000	0	3,600,000	0	3,600,000	0	2,900,000	100,000	3,200,000	0	2,900,000	0	3,400,000	0	2,500,000
proceeds from state grant for capital construction	300,000
net cash from financing activities	1,297,300,000	500,000	-176,100,000	550,800,000	-14,500,000	-3,000,000	1,600,000	-3,600,000	282,600,000																																																											1,300,000	1,000,000	1,100,000	1,100,000	900,000	1,600,000	3,500,000	5,800,000	6,600,000	12,400,000	1,500,000	1,500,000	2,000,000	200,000	9,100,000	-700,000
net cash provided	904,800,000	-4,600,000	-217,400,000	518,600,000	-66,300,000	29,000,000	-7,600,000	-30,500,000	266,700,000
effect of exchange rate changes on cash and cash equivalents	-1,100,000	-700,000	-300,000	1,300,000	700,000	-1,200,000	900,000	-200,000	-600,000																									-100,000	500,000							-100,000			-300,000	-100,000	-200,000			200,000	200,000	-300,000		400,000
net increase in cash and cash equivalents	903,700,000	-5,300,000	-217,700,000	519,900,000	-65,600,000	27,800,000	-6,700,000	-30,700,000	266,100,000																									-109,600,000			4,300,000	48,600,000				-7,300,000				18,500,000	-10,700,000	-26,700,000	-2,100,000	100,000	-1,900,000	2,600,000	11,400,000	-108,100,000	71,100,000	5,000,000	5,000,000	9,000,000	54,900,000	34,700,000	34,700,000	34,500,000	4,300,000	2,600,000										-35,900,000	1,900,000	-16,500,000	1,900,000	3,200,000	3,200,000	16,100,000	6,900,000	13,800,000	1,200,000
cash and cash equivalents at beginning of period	560,600,000		0	0	329,300,000		0	0	72,800,000																										0	0	69,100,000		0	0	28,500,000		0	-1,200,000	34,700,000		0	0	55,700,000	0	0	49,000,000		0	-200,000	69,800,000	69,800,000	0	0	10,800,000	10,800,000	4,500,000	0	5,400,000	0	0	12,900,000	0	0	54,400,000	54,400,000	0	-3,000,000	89,600,000		0	0	99,100,000	99,100,000		0	0	61,100,000
cash and cash equivalents at end of period	1,464,300,000		-217,700,000	519,900,000	263,700,000		-6,700,000	-30,700,000	338,900,000																										175,900,000	-10,100,000	73,400,000		2,900,000	-2,500,000	20,100,000		13,600,000	-12,200,000	34,400,000		-10,700,000	-26,700,000	53,600,000	100,000	-1,900,000	51,600,000		-108,100,000	70,900,000	74,800,000	74,800,000	9,000,000	54,900,000	45,500,000	45,500,000	39,000,000	4,300,000	8,000,000		1,600,000	10,000,000	-8,200,000	-11,800,000	36,100,000	36,100,000	9,000,000	-8,800,000	53,700,000		-16,500,000	1,900,000	102,300,000	102,300,000		6,900,000	13,800,000	62,300,000
net income from consolidated operations					4,500,000	3,900,000	3,200,000	7,900,000	1,300,000
adjustments to reconcile income from consolidated operations to net cash from operating activities:
loss on extinguishment of debt		0												0	0	0	13,000,000																	15,200,000	0	0	2,100,000					0				0	0
provision for doubtful accounts																					-100,000		0	-100,000	300,000					1,400,000				0																			0				300,000
prepaid expenses																																																															800,000	1,600,000	-3,900,000									-1,700,000
other assets																																																															4,300,000	2,800,000	-3,900,000					500,000	500,000	0	2,500,000	-500,000
borrowing under credit facility						0	0	0	10,000,000	15,000,000	20,000,000	19,000,000	15,000,000
repayment under credit facility, term loan and other debt													-16,300,000
cash, and cash equivalents at beginning of year
cash and cash equivalents at end of year
supplemental disclosure of cash flow information:
cash paid during the year for interest
net cash paid during the year for income taxes
non-cash financing and investing activities:
financing lease obligations incurred
capital expenditures included in accounts payable and accrued expenses
common stock issuance for purchase of noncontrolling interests
common stock issuance for acquisition
common stock issued for contingent acquisition consideration
adjustments to reconcile net income to net cash from ( used in) operating activities:
adjustments to reconcile net income from consolidated operations to net cash from operating activities:
litigation settlement charges
proceeds from the issuance of long-term debt														0	0	0	200,000,000					300,000																																				122,500,000	-9,000,000	314,000,000	314,000,000
redemption of senior secured notes
changes in assets and liabilities:
accrued interest							0	-300,000	-300,000	-100,000	400,000			1,300,000	-100,000	200,000	-1,300,000	-4,900,000			4,900,000	-4,900,000			4,900,000	-4,900,000			4,900,000	-4,900,000			4,900,000	-8,400,000	7,000,000	-6,500,000	6,000,000	-8,100,000			7,900,000	-7,900,000
income from discontinued operations										0	0			200,000	0							-100,000	-200,000			-700,000	0											-300,000	100,000																										400,000
income from continuing operations										5,600,000	3,000,000	-600,000	-5,800,000	-5,100,000	-8,000,000	-5,300,000	-15,700,000	-1,500,000	-1,100,000	1,200,000	1,900,000	78,100,000	2,600,000	-600,000	200,000	3,300,000	2,600,000	1,300,000	3,700,000				1,300,000			-6,200,000	-9,900,000	-4,400,000	-23,500,000	-10,300,000	-22,200,000			-13,900,000	-16,500,000		-11,100,000	-49,800,000	-14,900,000	-9,500,000	-7,300,000	-8,200,000													390,000					3,500,000		-15,000,000
adjustments to reconcile income from continuing operations to net cash from operating activities from continuing operations:
provision (recovery) of doubtful accounts
net cash from operating activities from continuing operations										67,400,000	-100,000	23,600,000	-25,700,000	6,700,000	-2,800,000	-21,600,000	-7,900,000	700,000	12,600,000	-700,000	22,700,000	25,600,000	8,300,000	6,800,000	4,000,000	-1,300,000	10,200,000	4,000,000	16,000,000	2,700,000	14,000,000	-5,100,000	6,500,000	-10,300,000	-5,400,000	-2,600,000	-8,700,000	-3,700,000	3,700,000	-900,000	-11,500,000	-6,300,000	-8,300,000	-12,200,000	-2,900,000	25,900,000	-7,900,000	-12,000,000	1,700,000	2,600,000	3,300,000	5,100,000	17,200,000	25,300,000	-19,700,000	29,500,000	29,500,000
proceeds from insurance																		0
net cash from investing activities from continuing operations										-19,000,000	-14,200,000	-2,900,000	-7,700,000	-10,500,000	-13,200,000	-84,400,000	-69,300,000	-17,000,000	-8,400,000	-12,000,000	-14,700,000	-20,500,000	-37,300,000	-8,900,000	-20,600,000	-8,500,000	-7,800,000	-5,800,000	-21,600,000	-5,700,000	-10,700,000	63,600,000	-6,700,000	-7,900,000	-6,000,000	-6,700,000	-5,200,000	-8,900,000	-1,500,000	-1,400,000	-2,100,000	-3,200,000	-2,900,000	-1,200,000	1,600,000	-5,100,000	-3,800,000	-3,600,000	-4,700,000	-3,600,000	-3,600,000	-1,900,000	-4,200,000	-133,500,000											2,100,000
net cash from financing activities from continuing operations										-18,600,000	8,700,000	-19,400,000	-1,400,000		800,000	-5,000,000	-17,200,000		-2,600,000	-1,600,000	-4,800,000	-300,000	6,500,000	240,200,000	1,300,000	900,000	1,900,000	-100,000	800,000	0	1,600,000	-300,000	400,000	-91,300,000	186,900,000	-600,000	18,400,000	61,800,000	800,000	-400,000	900,000	-800,000	-214,300,000	-1,100,000	1,500,000	-1,800,000	1,500,000	-10,800,000	1,400,000	1,200,000	-2,400,000	-500,000	-700,000	-1,100,000				116,700,000	-13,400,000	363,700,000	363,700,000	171,900,000			-100,000	1,000,000	7,400,000
net cash from continuing operations										29,800,000	-5,600,000	1,300,000	-34,800,000		-15,200,000	-111,000,000	-94,400,000																																																			-6,000,000	2,500,000	11,400,000	11,400,000	16,500,000
net operating cash flows of discontinued operations														200,000	100,000	-500,000	100,000	-3,400,000	-300,000	-300,000	-500,000	-200,000	400,000	400,000	1,300,000	300,000			300,000	-1,300,000	-300,000	-3,000,000	-3,100,000		0			0	0	500,000	-400,000	900,000	-1,100,000	3,200,000	-200,000	-400,000	-300,000	-400,000	-500,000	-300,000	600,000	200,000	-800,000	800,000
effect of exchange rate changes on cash, cash equivalents and restricted cash												300,000	200,000	1,600,000	-2,100,000	-500,000	-700,000	-500,000	-700,000	300,000	-600,000	1,500,000	300,000			200,000	-300,000	0	-100,000	-200,000	-200,000	-300,000	200,000
net decrease in cash, cash equivalents and restricted cash										30,600,000	-6,000,000	1,500,000	-34,600,000		-17,200,000										-14,000,000				-4,600,000
cash, cash equivalents and restricted cash at beginning of year
cash, cash equivalents and restricted cash at end of year
financing lease obligation incurred
benefit from doubtful accounts											100,000	0	900,000																									0	100,000	-100,000	300,000			500,000	100,000		900,000	200,000	100,000	600,000	100,000	100,000				300,000
litigation related charges															0																							0	0	0	1,700,000
cash, cash equivalents and restricted cash at beginning of period											0	0	81,300,000		0	0	349,400,000		0	0	381,500,000		0	0	172,600,000		0	0	183,000,000		0	0	130,900,000
cash, cash equivalents and restricted cash at end of period											-6,000,000	1,500,000	46,700,000		-17,200,000	-112,000,000	254,400,000		600,000	-14,300,000	383,600,000		-21,800,000	238,600,000	158,600,000		4,800,000	-2,200,000	178,400,000		4,400,000	54,900,000	128,200,000
recovery of doubtful accounts
proceeds from the issuance of common stock																																	-1,100,000	1,100,000	186,300,000	-200,000	81,900,000																	0				0	-400,000	61,500,000	61,500,000
net cash provided (used in) by financing activities from continuing operations
net cash flows from continuing operations
net increase in cash, cash equivalents and restricted cash																	-95,000,000	-20,500,000	600,000	-14,300,000	2,100,000	6,100,000	-21,800,000			-8,400,000	4,800,000			-4,500,000	4,400,000	54,900,000	-2,700,000
credit agreement borrowings															0	0	100,000,000																														0
repayment of debt															-1,200,000	0	-309,800,000						-600,000								-300,000	-300,000	-200,000		-300,000	-200,000	-300,000		-300,000	-200,000	-300,000		-41,200,000	-300,000	-200,000		-300,000	-200,000	-200,000	-300,000	-200,000	-300,000		-40,300,000
loss from discontinued operations																	-200,000		-800,000						-400,000						-300,000																																12,600,000	-17,100,000
repayment under credit facility and debt
net cash flows of continuing operations																		-16,600,000	1,600,000	-14,300,000	3,200,000	4,800,000	-22,500,000	238,100,000	-15,300,000	-8,900,000	4,300,000	-1,900,000	-4,800,000	-3,000,000	4,900,000	58,200,000	200,000	-109,500,000	175,500,000	-9,900,000	4,500,000	49,200,000	3,000,000	-2,700,000	-12,700,000	-10,300,000	-225,500,000	-14,500,000	200,000	19,000,000	-10,200,000	-26,400,000	-1,600,000			2,700,000	12,300,000	-109,300,000	69,800,000	5,300,000	5,300,000	9,400,000	54,700,000	34,800,000	34,800,000	38,300,000	-1,100,000	4,500,000
provision for (recovery of) doubtful accounts																			0
proceeds (expenses) from the issuance of common stock
proceeds from exercise of restricted stock units, employee stock options, and employee stock purchase plan																						-600,000	2,600,000	0	1,400,000	1,000,000	2,100,000	0	900,000	0	1,900,000	0	1,800,000	0	900,000	-200,000	800,000	-100,000	1,100,000	-200,000	1,200,000
advance payments received on contracts																												0	100,000		0	0	-600,000		-1,900,000	700,000	700,000		-3,200,000	4,400,000	1,500,000		-3,300,000	3,900,000	1,700,000
goodwill impairment charge
amortization of premium and discount on senior secured notes																																										200,000	300,000	300,000	300,000	200,000	300,000
extinguishment of long-term debt																																		-384,800,000	0	0	-64,000,000					0				0	0
other																																											-2,100,000	-100,000	1,700,000		1,800,000	-100,000	1,600,000	1,500,000	-100,000	-200,000	-500,000	-600,000				500,000	-200,000	1,200,000	1,200,000
net investing cash flows of discontinued operations																																		-100,000	-100,000	-200,000	-200,000	-300,000	-200,000	-200,000	4,700,000	2,200,000
liability for contingent consideration and goodwill related to acquisition
expenses from the issuance of common stock
less: income from discontinued operations																													-600,000				-3,500,000				-100,000								200,000			-100,000	-100,000	-400,000	-2,300,000	-2,100,000		200,000	-3,000,000	200,000	200,000	0	100,000	300,000	300,000
proceeds (use) from the issuance of common stock
net loss																														4,700,000	1,700,000	-7,700,000	-2,200,000																								-3,000,000						4,200,000	-20,100,000
provision for non-cash restructuring charges
repayments under credit facility
loss from continuing operations																															1,400,000			-22,300,000																													-5,400,000	-3,000,000
adjustments to reconcile loss from continuing operations to net cash from operating activities from continuing operations:
amortization of discount on senior secured notes																																			200,000	200,000	200,000		300,000	200,000	200,000
proceeds (costs) from the issuance of common stock
accounts receivable and unbilled receivables																																	2,200,000
non-cash income tax benefit																																										-2,600,000
change in accrual for excess facilities
change in restricted cash																																			0			200,000				0	0
cash paid for contingent acquisition consideration																																																		0			0	0											-100,000									-4,000,000
cash and cash equivalents at beginning of year
benefit from non-cash restructuring charges																																						1,400,000	0	4,700,000	3,000,000
net decrease in cash and cash equivalents																																								-2,500,000	-8,400,000			-11,000,000	-300,000
gain on extinguishment of debt
proceeds from the issuance of long-term debt, net of issuance costs
deferred acquisition payments																																											0
(income) income from discontinued operations
changes in unused office space accrual																																															0	0	200,000
proceeds from the sale of employee stock purchase plan shares
adjustments to reconcile income from continuing operations to net cash (used in) operating activities from continuing operations:
accrued interest payable																																													10,900,000		11,100,000	-15,200,000	15,600,000	15,900,000	-15,600,000	15,300,000
decrease in restricted cash																																													3,800,000					300,000	0	200,000		200,000			400,000
adjustments to reconcile net loss from continuing operations to net cash from operating activities from continuing operations:
goodwill and intangible asset impairment charge
proceeds from the disposition of discontinued operations																																																															15,700,000	2,900,000	4,900,000	2,900,000	1,500,000
cash transferred from (to) restricted cash
non-cash investing and financing activities:
common stock and stock options issued for acquisitions
liability for contingent cash consideration
supplemental disclosures of non-cash investing and financing transactions:
fair value of assets acquired in acquisitions																																																																										54,800,000		11,300,000
liabilities assumed in acquisitions																																																																										6,400,000		7,600,000
proceeds from the sale of discontinued operations																																																		0
increase in restricted cash																																															0
proceeds from issuance of long-term debt																																															0
amortization of premium on senior secured notes																																																	-1,000,000	-1,000,000	-1,100,000	-1,000,000	-1,100,000	-1,000,000
borrowings under credit facility
less: loss from discontinued operations
mark to market on swaps
goodwill and intangible assets impairment charge
purchase of treasury stock
borrowing under the line of credit
adjustments to reconcile income from continuing operations to net cash provided byoperating activities from continuing operations:
decrease (increase) in restricted cash																																																								400,000
repayment of term loan
service revenues																																																									105,200,000
product sales																																																									109,800,000
total revenues																																																									215,000,000
cost of service revenue																																																									81,800,000
cost of product sales																																																									75,300,000
total costs																																																									157,100,000
gross profit																																																									57,900,000						200,000	7,300,000	-300,000					22,800,000
selling, general and administrative expenses																																																									45,000,000						1,700,000	9,100,000	600,000					17,200,000
merger and acquisition expenses																																																									900,000
research and development expenses																																																									3,800,000
operating income from continuing operations																																																									8,200,000
other income:
interest expense
other income																																																									500,000							500,000	0
total other expense
loss from continuing operations before income taxes
benefit for income taxes from continuing operations
net income from discontinued operations																																																									200,000
basic income per common share:
net loss from continuing operations																																																									-100,000
net loss per common share:																																																									-90,000
diluted income per common share:
net loss per common share																																																									-90,000
weighted-average common shares outstanding:
basic																																																									32,500,000						0	73,900,000	0					71,200,000
diluted																																																									32,500,000						0	73,900,000	0					75,900,000
comprehensive loss																																																									-3,000,000
net loss from above																																																									-3,000,000
other comprehensive income
adjustments to reconcile loss from continuing operations to net cash fromoperating activities from continuing operations:
repayment under credit facility
change in accrual for unused office space
goodwill impairment charges
derivative litigation settlement
payments on the disposition of discontinued operations
issuance of long-term debt
payments of subordinated debt
income (loss) from continuing operations
adjustments to reconcile income from continuing operations to net cash provided by operating activities from continuing operations:
assets
current assets:
cash and cash equivalents																																																															4,300,000	8,000,000
restricted cash																																																																1,000,000
income taxes receivable																																																															600,000	2,000,000
note receivable
other current assets																																																															400,000	4,000,000
current assets of discontinued operations																																																															-15,600,000	51,900,000
total current assets																																																															3,100,000	122,900,000
property and equipment																																																															-100,000	6,200,000
goodwill																																																															200,000	130,200,000
other intangibles																																																															-700,000	12,700,000
deferred tax assets																																																															0	6,500,000
investments in unconsolidated affiliates																																																															0	2,100,000
non current assets of discontinued operations																																																															-19,400,000	22,900,000
total assets																																																															-12,600,000	306,300,000
liabilities and stockholders’ equity
current liabilities:
line of credit																																																															-11,000,000	51,000,000
billings in excess of costs on completed contracts																																																															400,000	3,000,000	-4,500,000									-2,800,000
deferred tax liabilities																																																															100,000	1,400,000
accrual for contingent acquisition consideration																																																															-3,200,000	8,900,000
accrual for unused office space																																																															-100,000	800,000	-800,000									-200,000
capital lease obligations
current liabilities of discontinued operations																																																															-5,300,000	38,500,000
total current liabilities																																																															-17,300,000	132,500,000
accrual for unused office space, net of current portion																																																															-100,000	1,500,000
other long term liabilities of discontinued operations																																																															600,000	1,300,000
total liabilities																																																															-17,400,000	139,300,000
commitments and contingencies
stockholders’ equity:
preferred stock, 5,000,000 shares authorized, series b convertible preferred stock, .001 par value; 10,000 shares outstanding at december 31, 2006 and june 30, 2007,
common stock, .001 par value, 195,000,000 shares authorized; 73,883,950 shares and 74,054,150 issued and outstanding at december 31, 2006 and june 30, 2007, respectively
additional paid-in capital																																																															500,000	391,900,000
accumulated deficit																																																															4,300,000	-224,900,000
total stockholders’ equity																																																															4,800,000	167,000,000
total liabilities and stockholders’ equity																																																															-12,600,000	306,300,000
revenues																																																															-1,200,000	49,000,000	-1,900,000					101,200,000
cost of revenues																																																															-1,400,000	41,700,000	-1,600,000					78,400,000
stock option investigation and related fees																																																															3,500,000	1,500,000
operating loss																																																															-5,000,000	-3,300,000
other income, net:
interest income																																																																	-200,000					200,000
other income (expenses)
total other income																																																															-300,000	500,000
loss before income taxes																																																															-5,300,000	-2,800,000
provision (benefit) for income taxes																																																															100,000	200,000
basic earnings (loss) per common share:
diluted earnings (loss) per common share:
adjustments to reconcile net loss from continuing operations to net cash from continuing operations:
changes in assets and liabilities, net of acquisitions and divestitures:
accrued contingent acquisition consideration																																																															100,000	100,000	200,000	0	100,000
proceeds from release of restricted cash
borrowings under line of credit																																																															4,000,000	4,000,000	0	5,000,000	7,000,000
repayment under line of credit																																																															-15,000,000	-4,000,000	0
repayment of capital lease obligations																																																															-100,000	-100,000	-100,000									-100,000	-300,000	-700,000	-600,000	-900,000	-900,000	-800,000	-800,000	-2,900,000	-1,100,000
cash flows of discontinued operations
operating cash flows																																																															6,200,000	-1,200,000	300,000
investing cash flows																																																															-800,000	-700,000
financing cash flows
effect of exchange rates on cash and cash equivalents
net cash flows of discontinued operations																																																															5,400,000	-1,900,000	300,000
cash paid during the period for interest																																																															500,000	1,100,000								100,000				100,000					-100,000	2,500,000	-800,000
capital lease obligations and other short-term debt																																																																300,000
preferred stock, 5,000,000 shares authorized, series b convertible preferred stock, .001 par value; 10,000 shares outstanding at december 31, 2006 and march 31, 2007,
common stock, .001 par value, 195,000,000 shares authorized; 73,883,950 shares issued and outstanding at december 31, 2006 and march 31, 2007
basic loss per common share:
less loss from discontinued operations																																																																-17,100,000
asset impairment charges and net loss on disposition of fixed assets																																																																100,000
income tax payable																																																																-500,000	400,000
net cash from (used in) continuing operations																																																																2,500,000
cash paid for acquisition, net of cash required																																																																-100,000
net cash provided by (used in) investing activities from continuing operations																																																																2,100,000
net cash provided by (used in) financing activities from continuing operations																																																																-100,000
contingent acquisition consideration
operating income																																																																						5,600,000
foreign currency loss
other expenses
income before provision for income taxes																																																																						5,600,000
provision for income taxes																																																																	-200,000					2,100,000
net income from continuing operations																																																																		-400,000	-1,000,000	5,700,000	4,300,000	3,500,000	3,500,000
net loss on disposition of fixed assets																																																																	-300,000					300,000
tax contingencies																																																																	-1,800,000
net cash provided by (used in) continuing operations
sale/maturity of short-term investments																																																																						5,700,000	5,700,000			22,900,000
proceeds from issuance of common stock																																																																	0	0	500,000	800,000	300,000	600,000	600,000	1,000,000	1,800,000	3,600,000	6,100,000	7,500,000	13,500,000	2,400,000	2,400,000	2,800,000	1,000,000	700,000	400,000
proceeds from issuance of common stock under employee stock purchase plan																																																																				700,000	500,000	600,000	600,000
effect of exchange rate on cash and cash equivalents																																																																	900,000	-600,000	1,000,000									-600,000	-100,000	-700,000	-700,000		-700,000	-2,300,000	900,000
employee loans and advances
accounts payable—related party
income taxes payable
capital lease obligations and debt, net of current portion
preferred stock, 5,000,000 shares authorized, series b convertible preferred stock, .001 par value; 25,483 and 10,000 shares outstanding at december 31, 2005 and june 30, 2006, respectively
common stock, .001 par value, 195,000,000 shares authorized; 72,188,449 and 73,881,260 shares issued and outstanding at december 31, 2005 and june 30, 2006, respectively
accumulated other comprehensive loss
impairment of investment in unconsolidated affiliate and other expenses
net income on disposition of fixed assets																																																																				200,000
accounts receivable – related party																																																																								0	0	200,000
adjustments to reconcile net income from continuing operations to net cash from operating activities:
deferred tax asset																																																																				1,200,000	1,800,000	1,200,000	1,200,000			-700,000
credit for doubtful accounts																																																																										-300,000
equity loss in unconsolidated affiliates, including impairment charges
stock based compensation expense																																																																				0
accounts receivable — related party
accrual for contingent consideration related to acquisitions
changes in net assets and liabilities of discontinued operations																																																																								-300,000
net cash from discontinued operations
proceeds from sale of short-term investments																																																																				0				0				800,000
investment in unconsolidated subsidiary
cash paid for company acquisitions, net of cash received																																																																												-3,300,000
adjustments to reconcile net to net cash from operating activities:
equity loss in unconsolidated affiliates
accounts payable – related party
billings in excess of costs on contracts
cash paid for contingent consideration
cash received during the period for interest																																																																										100,000
net cash refunded (paid) during the period for income taxes
cash paid for acquisitions																																																																										-48,400,000		-3,700,000
foreign exchange gain
basic earnings per common share:
loss from discontinued operations, net of taxes
diluted earnings per common share:
accounts payable — related party
net from operating activities																																																																						11,000,000
investment in unconsolidated affiliate																																																																										-1,000,000
net (gain)/loss on disposition of fixed assets																																																																							300,000
net provided by operating activities																																																																							11,000,000
contingent acquisition consideration and restatement fees
provision (credit) for doubtful accounts
foreign currency transaction gain
income (loss) from continuing operations before income taxes
income (loss) from discontinued operations
diluted earnings per share:
weighted average common shares outstanding:
foreign currency translation gain
unrealized gain on short-term investments
comprehensive income
equity (earnings) loss in unconsolidated affiliates, including impairment charges
accounts payable and accrued expenses																																																																								8,600,000	8,700,000	-1,700,000
purchase of short-term investments																																																																											-3,600,000	-16,000,000
cash paid for contingent earn-out consideration
cash paid to acquire businesses, net of cash received
repayment of notes payable																																																																											0	-200,000					0
net cash paid during the period for income taxes
supplemental disclosures of non-cash transactions:
equity (earnings) loss in unconsolidated affiliates
net cash refunded during the period for income taxes																																																																												-300,000
common stock issued pursuant to employee stock purchase plan																																																																									1,100,000	900,000		700,000	0	800,000	800,000
benefit from deferred income taxes																																																																										1,400,000
realized gain on sale of short-term investments																																																																										-300,000
equity loss of unconsolidated affiliates
effect of exchange rate on cash
net cash refunded/(paid) during the period for income taxes																																																																										-100,000
asset impairment charges
tax benefit from exercise of stock options, net of allowance
realized loss on investment
contract management receivables
contract management payables
proceeds from issuance of preferred stock, net of issuance costs
net borrowings (repayment) under line of credit
proceeds from issuance of series b convertible preferred stock, net of issuance costs																																																																																	0
repayment of line of credit
property and equipment received in lieu of repayment of note receivable																																																																																	0	-300,000	600,000
net repayment under line of credit																																																																																	0
cash paid for company acquisition, net of cash received																																																																														-1,800,000	-1,800,000
net cash refunded to company for income taxes																																																																														1,000,000	1,000,000
allowance and benefit from doubtful accounts
tax benefit from exercise of stock options
changes in assets and liabilities, net of the effect of acquisitions:
billings in excess of costs
cash paid for investments
distributions from investments
repayment of officer notes payable
borrowings (repayment) of notes payable
investing activities – capital expenditures
net cash received during the period for income taxes																																																																																	0	300,000	500,000
common stock issued for earn out provision in acquisition
common stock issued pursuant to provisions of company’s employee stock purchase plan
note receivable issued for sale of equipment
property and equipment acquired under capital leases
reduction of accounts receivable in exchange for note receivable
investing activities - capital expenditures
common stock issued for employee stock purchase plan																																																																																		900,000	1,900,000
investing activities—capital expenditures																																																																																			-300,000
net borrowings under line of credit
common stock issued for earn-out provision in acquisition
reduction of accounts receivable in exchange for notes receivable

Kratos Defense & Security Solutions, Inc(NASDAQ:KTOS)

Kratos Defense & Security Solutions, Inc
(NASDAQ:KTOS)