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Kratos Defense & Security Solutions KTOS Consolidation Eliminations — Accounts Payable Current

Discontinued — last reported Q1 '18

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Other financials

Income statement

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Revenue$371.0M+22.6%
Gross profit$89.6M+21.7%
Operating income$4.7M-28.8%
Net income$11.9M+164%
EPS (diluted)$0.07+133%

Balance sheet

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Cash & equivalents$1.5B+455%
Total debt$190.2M-33.3%
Total equity$3.4B+146%
Total assets$4.0B+102%

Cash flow

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Operating cash flow-$27.4M+6.2%
CapEx$19.9M-11.9%
Free cash flow-$47.3M+8.7%

Valuation

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Market cap$10.17B+190%
Enterprise value$8.89B+161%
P/E345.8×+166×
P/S7.2×+4.2×

Profitability

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Gross margin22.9%-2.1pp
Operating margin1.7%-0.8pp
Net margin2.1%+0.4pp
FCF margin-9.4%

Returns & leverage

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Return on equity1.2%-0.2pp
Debt / equity0.1×-0.1×
Current ratio5.6×+2.8×

Where this comes from

Reported directly by Kratos Defense & Security Solutions in its filing.

Tagged under the XBRL concept us-gaap:AccountsPayableCurrent.

The official record: Kratos Defense & Security Solutions’s 10-Q, filed May 10, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does consolidation eliminations — accounts payable current mean?
This metric represents the elimination of intercompany accounts payable balances that arise when one segment owes another for goods or services. It is a necessary adjustment to ensure that the consolidated balance sheet does not overstate total liabilities. It reflects the internal settlement of trade obligations.