Kratos Defense & Security Solutions, Inc. (LON:0JS0)

Ligand Pharmaceuticals Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 29, 2025	Dec 29, 2024	Dec 31, 2023	Dec 25, 2022	Dec 26, 2021	Dec 27, 2020
Net Income	14.5	16.3	-8.9	-36.9	-2	79.6
Depreciation & Amortization	54.4	51.9	44.7	40.9	34.7	34
Other Amortization	0.7	0.7	0.7	0.8	1	1
Stock-Based Compensation	31.3	29.8	25.3	26.3	25.8	21
Provision & Write-off of Bad Debts	-	-	1	-	-0.2	-
Other Operating Activities	4.3	4.4	13.8	19.1	2.1	-77.5
Change in Accounts Receivable	-58.5	5.1	1.3	-27.3	-13.1	-0.1
Change in Inventory	-14.4	-5	-29.6	-23.8	-5.3	-5.3
Change in Accounts Payable	36.2	15.1	4.4	4.5	-5.3	-2.4
Change in Unearned Revenue	-9.8	-25.7	28.4	2.7	24.1	-5
Change in Income Taxes	-5.6	-0.3	-0.5	0.1	1.4	-1.1
Change in Other Net Operating Assets	-42.3	-42.6	-15.4	-32.1	-27.9	0.5
Operating Cash Flow	10.8	49.7	65.2	-25.7	30.8	46.6
Operating Cash Flow Growth	-83.49%	-23.77%	-	-	-33.91%	55.33%
Capital Expenditures	-72	-58.2	-52.4	-45.4	-46.5	-35.9
Sale of Property, Plant & Equipment	-	-	8.3	0.2	2.2	0.1
Cash Acquisitions	-	-11.5	0.3	-132.2	-12.3	-51.5
Other Investing Activities	-	-	-	-	4.5	-
Investing Cash Flow	-72	-69.7	-43.8	-177.4	-52.1	-87.3
Long-Term Debt Issued	-	10	69	300	-	5.1
Long-Term Debt Repaid	-	-53.9	-102.5	-353.7	-6.1	-1.2
Net Debt Issued (Repaid)	-11.6	-43.9	-33.5	-53.7	-6.1	3.9
Issuance of Common Stock	565.1	338.9	6.5	6.2	5.9	245.2
Repurchase of Common Stock	-18.6	-17.4	-3.7	-12.5	-9.1	-1.4
Other Financing Activities	-	-	-	-3.3	-	-
Financing Cash Flow	534.9	277.6	-30.7	-63.3	-9.3	247.7
Foreign Exchange Rate Adjustments	1.7	-1.1	0.8	-1.7	-1.5	1.9
Net Cash Flow	475.4	256.5	-8.5	-268.1	-32.1	208.9
Free Cash Flow	-61.2	-8.5	12.8	-71.1	-15.7	10.7
Free Cash Flow Growth	-	-	-	-	-	189.19%
Free Cash Flow Margin	-5.04%	-0.75%	1.23%	-7.92%	-1.93%	1.43%
Free Cash Flow Per Share	-0.39	-0.06	0.10	-0.56	-0.12	0.09
Cash Interest Paid	14.6	14.6	19.6	13.7	19.9	19.9
Cash Income Tax Paid	5	5	6.5	4.4	2	2.5
Levered Free Cash Flow	-32.71	15.76	61.09	-72.96	16.05	6.36
Unlevered Free Cash Flow	-24.29	24.56	73.95	-62.33	29.86	20.11
Change in Working Capital	-94.4	-53.4	-11.4	-75.9	-26.1	-13.4

Updated Feb 26, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.