2010 Q4 Form 10-K Financial Statement
#000104746912002229 Filed on March 07, 2012
Income Statement
| Concept | 2010 Q4 | 2010 | 2009 |
|---|---|---|---|
| Revenue | $120.8M | $408.5M | $334.5M |
| YoY Change | 60.64% | 22.12% | 16.88% |
| Cost Of Revenue | $96.00M | $324.2M | $270.9M |
| YoY Change | 64.95% | 19.68% | 18.82% |
| Gross Profit | $24.80M | $84.30M | $63.60M |
| YoY Change | 45.88% | 32.55% | 9.28% |
| Gross Profit Margin | 20.53% | 20.64% | 19.01% |
| Selling, General & Admin | $13.00M | $57.30M | $42.00M |
| YoY Change | 19.27% | 36.43% | -4.55% |
| % of Gross Profit | 52.42% | 67.97% | 66.04% |
| Research & Development | $600.0K | $2.200M | $1.800M |
| YoY Change | 20.0% | 22.22% | 100.0% |
| % of Gross Profit | 2.42% | 2.61% | 2.83% |
| Depreciation & Amortization | $4.200M | $12.90M | $8.300M |
| YoY Change | 110.0% | 55.42% | 10.67% |
| % of Gross Profit | 16.94% | 15.3% | 13.05% |
| Operating Expenses | $16.60M | $59.50M | $1.800M |
| YoY Change | 27.69% | 3205.56% | -96.03% |
| Operating Profit | $8.200M | $23.10M | -$27.00M |
| YoY Change | 105.0% | -185.56% | -309.3% |
| Interest Expense | -$6.500M | -$22.30M | -$10.40M |
| YoY Change | 140.74% | 114.42% | 4.0% |
| % of Operating Profit | -79.27% | -96.54% | |
| Other Income/Expense, Net | $300.0K | -$21.20M | $100.0K |
| YoY Change | 0.0% | -21300.0% | -106.67% |
| Pretax Income | $400.0K | $1.900M | -$37.30M |
| YoY Change | -60.0% | -105.09% | -64.37% |
| Income Tax | -$200.0K | -$12.70M | $1.000M |
| % Of Pretax Income | -50.0% | -668.42% | |
| Net Earnings | $400.0K | $14.50M | -$41.50M |
| YoY Change | 0.0% | -134.94% | -62.65% |
| Net Earnings / Revenue | 0.33% | 3.55% | -12.41% |
| Basic Earnings Per Share | $0.87 | ||
| Diluted Earnings Per Share | $21.62K | $0.86 | -$2.986M |
| COMMON SHARES | |||
| Basic Shares Outstanding | 16.50M shares | 13.90M shares | |
| Diluted Shares Outstanding | 16.90M shares | 13.90M shares |
Balance Sheet
| Concept | 2010 Q4 | 2010 | 2009 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $10.80M | $10.80M | $9.900M |
| YoY Change | 9.09% | 9.09% | 167.57% |
| Cash & Equivalents | $10.80M | $10.80M | $9.900M |
| Short-Term Investments | |||
| Other Short-Term Assets | $2.700M | $19.00M | $7.400M |
| YoY Change | -63.51% | 156.76% | -51.95% |
| Inventory | $25.90M | $25.90M | $1.900M |
| Prepaid Expenses | $7.100M | ||
| Receivables | $125.8M | $125.8M | $78.60M |
| Other Receivables | $2.300M | $2.700M | $1.000M |
| Total Short-Term Assets | $183.6M | $184.2M | $98.80M |
| YoY Change | 85.83% | 86.44% | -14.97% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $28.40M | $28.40M | $4.300M |
| YoY Change | 560.47% | 560.47% | -32.81% |
| Goodwill | $226.8M | ||
| YoY Change | |||
| Intangibles | $89.10M | ||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $7.800M | $8.000M | $1.800M |
| YoY Change | 333.33% | 344.44% | -66.67% |
| Total Long-Term Assets | $352.1M | $351.9M | $142.8M |
| YoY Change | 146.57% | 146.43% | -27.22% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $183.6M | $184.2M | $98.80M |
| Total Long-Term Assets | $352.1M | $351.9M | $142.8M |
| Total Assets | $535.7M | $536.1M | $241.6M |
| YoY Change | 121.73% | 121.9% | -22.66% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $45.60M | $45.60M | $18.80M |
| YoY Change | 142.55% | 142.55% | 6.82% |
| Accrued Expenses | $21.40M | $43.10M | $24.70M |
| YoY Change | -13.36% | 74.49% | -20.83% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $600.0K | $600.0K | $4.700M |
| YoY Change | -86.67% | -87.23% | -22.95% |
| Total Short-Term Liabilities | $118.1M | $118.4M | $61.70M |
| YoY Change | 91.41% | 91.9% | -24.01% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $225.0M | $226.1M | $51.60M |
| YoY Change | 342.04% | 338.18% | -32.9% |
| Other Long-Term Liabilities | $8.600M | $10.00M | $3.400M |
| YoY Change | 109.76% | 194.12% | -54.05% |
| Total Long-Term Liabilities | $233.6M | $236.1M | $55.00M |
| YoY Change | 324.73% | 329.27% | -34.76% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $118.1M | $118.4M | $61.70M |
| Total Long-Term Liabilities | $233.6M | $236.1M | $55.00M |
| Total Liabilities | $365.8M | $366.2M | $116.7M |
| YoY Change | 213.45% | 213.8% | -29.49% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$383.6M | ||
| YoY Change | |||
| Common Stock | $553.5M | ||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $169.9M | $169.9M | $124.9M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $535.7M | $536.1M | $241.6M |
| YoY Change | 121.73% | 121.9% | -22.66% |
Cashflow Statement
| Concept | 2010 Q4 | 2010 | 2009 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $400.0K | $14.50M | -$41.50M |
| YoY Change | 0.0% | -134.94% | -62.65% |
| Depreciation, Depletion And Amortization | $4.200M | $12.90M | $8.300M |
| YoY Change | 110.0% | 55.42% | 10.67% |
| Cash From Operating Activities | $3.800M | $28.20M | $22.80M |
| YoY Change | 52.0% | 23.68% | -493.1% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$2.300M | -$2.300M | -$400.0K |
| YoY Change | 475.0% | 475.0% | -55.56% |
| Acquisitions | $206.9M | ||
| YoY Change | |||
| Other Investing Activities | -$63.20M | -$206.9M | -$7.100M |
| YoY Change | 15700.0% | 2814.08% | 373.33% |
| Cash From Investing Activities | -$65.50M | -$209.2M | -$7.500M |
| YoY Change | 8087.5% | 2689.33% | 212.5% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $24.70M | -$24.70M | |
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 21.20M | 181.9M | -9.100M |
| YoY Change | -885.19% | -2098.9% | -425.0% |
| NET CHANGE | |||
| Cash From Operating Activities | 3.800M | 28.20M | 22.80M |
| Cash From Investing Activities | -65.50M | -209.2M | -7.500M |
| Cash From Financing Activities | 21.20M | 181.9M | -9.100M |
| Net Change In Cash | -40.50M | 900.0K | 6.200M |
| YoY Change | 3950.0% | -85.48% | -214.81% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $3.800M | $28.20M | $22.80M |
| Capital Expenditures | -$2.300M | -$2.300M | -$400.0K |
| Free Cash Flow | $6.100M | $30.50M | $23.20M |
| YoY Change | 110.34% | 31.47% | -573.47% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2009 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-38300000 | USD |
| CY2009 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1000000 | USD |
| CY2009 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-37300000 | USD |
| CY2009 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
100000 | USD |
| CY2009 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-27000000 | USD |
| CY2009 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
41300000 | USD |
| CY2009 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
1800000 | USD |
| CY2009 | us-gaap |
Revenues
Revenues
|
334500000 | USD |
| CY2009 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
20500000 | USD |
| CY2010 | us-gaap |
Gross Profit
GrossProfit
|
84300000 | USD |
| CY2009 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
-3200000 | USD |
| CY2009 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
314000000 | USD |
| CY2010 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
14500000 | USD |
| CY2010 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
16900000 | shares |
| CY2010Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
535700000 | USD |
| CY2010Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
169900000 | USD |
| CY2010Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-383600000 | USD |
| CY2010Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
553500000 | USD |
| CY2010Q4 | us-gaap |
Liabilities
Liabilities
|
365800000 | USD |
| CY2010Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
8600000 | USD |
| CY2010Q4 | us-gaap |
Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
|
1100000 | USD |
| CY2010Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
225000000 | USD |
| CY2010Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
118100000 | USD |
| CY2010Q4 | us-gaap |
Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
|
600000 | USD |
| CY2010Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
1400000 | USD |
| CY2010Q4 | us-gaap |
Billings In Excess Of Cost
BillingsInExcessOfCost
|
17200000 | USD |
| CY2010Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
21700000 | USD |
| CY2010Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
21400000 | USD |
| CY2010Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
45600000 | USD |
| CY2010Q4 | us-gaap |
Assets
Assets
|
535700000 | USD |
| CY2010Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
7800000 | USD |
| CY2010Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
89100000 | USD |
| CY2010Q4 | us-gaap |
Goodwill
Goodwill
|
226800000 | USD |
| CY2010Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
28400000 | USD |
| CY2010Q4 | us-gaap |
Assets Current
AssetsCurrent
|
183600000 | USD |
| CY2010Q4 | us-gaap |
Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
500000 | USD |
| CY2010Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
2700000 | USD |
| CY2010Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
7100000 | USD |
| CY2010Q4 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
2300000 | USD |
| CY2010Q4 | us-gaap |
Inventory Net
InventoryNet
|
25900000 | USD |
| CY2010Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
125800000 | USD |
| CY2010Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
8500000 | USD |
| CY2010Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
10800000 | USD |
| CY2011Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1216400000 | USD |
| CY2011Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
312600000 | USD |
| CY2011Q4 | us-gaap |
Liabilities
Liabilities
|
903800000 | USD |
| CY2011Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
213800000 | USD |
| CY2011Q4 | us-gaap |
Assets
Assets
|
1216400000 | USD |
| CY2011Q4 | us-gaap |
Assets Current
AssetsCurrent
|
421000000 | USD |
| CY2010Q4 | ktos |
Preferred Stock Total Liquidation Preference
PreferredStockTotalLiquidationPreference
|
5000000 | USD |
| CY2011Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
| CY2011Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
| CY2011Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
| CY2010Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
10000 | shares |
| CY2010Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
| CY2010Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
| CY2011Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
32421135 | shares |
| CY2010Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
18616023 | shares |
| CY2011Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
32421135 | shares |
| CY2010Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
18616023 | shares |
| CY2011Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
195000000 | shares |
| CY2010Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
195000000 | shares |
| CY2011Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
| CY2010Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
| CY2009 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-41500000 | USD |
| CY2010 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
16600000 | shares |
| CY2010 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
-100000 | USD |
| CY2010 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
14600000 | USD |
| CY2010 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-12700000 | USD |
| CY2010 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
1900000 | USD |
| CY2010 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
1100000 | USD |
| CY2010 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
23100000 | USD |
| CY2010 | us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
3100000 | USD |
| CY2009 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-41500000 | USD |
| CY2010 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
2200000 | USD |
| CY2010 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
57300000 | USD |
| CY2010 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
324200000 | USD |
| CY2010 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
103000000 | USD |
| CY2010 | us-gaap |
Cost Of Services
CostOfServices
|
221200000 | USD |
| CY2010 | us-gaap |
Revenues
Revenues
|
408500000 | USD |
| CY2010 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
123700000 | USD |
| CY2010 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
284800000 | USD |
| CY2011 | us-gaap |
Gross Profit
GrossProfit
|
192200000 | USD |
| CY2011 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
530900000 | USD |
| CY2010 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
14500000 | USD |
| CY2009 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
13900000 | shares |
| CY2009 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
13900000 | shares |
| CY2011 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent
|
0 | USD |
