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Kratos Defense & Security Solutions KTOS Material Reconciling Items — Operating Income

Discontinued — last reported Q4 '17

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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:OperatingIncomeLoss.

The official record: Kratos Defense & Security Solutions’s 10-K, filed February 28, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does material reconciling items — operating income mean?
This metric captures operating income or losses that are not attributed to individual business segments, often representing corporate overhead, shared service costs, or unallocated administrative expenses. It serves as a bridge between the sum of segment-level operating performance and the consolidated operating income reported on the income statement. Investors use this to evaluate the efficiency of corporate management and the scale of centralized support costs.