← Mayville Engineering Company, Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) | $5.2m |
$17.9m
+241.88%
|
($4.8m)
-126.50%
|
($7.1m)
-49.21%
|
($7.5m)
-5.06%
|
$18.7m
+351.34%
|
$7.8m
-58.11%
|
$26.0m
+231.06%
|
($8.1m)
-131.23%
|
— | |
| Depreciation | $17.0m | $16.4m | $22.3m | $21.4m | $21.1m | $22.4m | $27.3m | $30.7m | $31.6m | $31.9m | |
| Amortization | $3.8m | $4.1m | $10.7m | $10.7m | $10.7m | $7.0m | $7.7m | $6.9m | $9.7m | $12.5m | |
| Deferred income taxes | — | — | ($6.0m) | ($4.9m) | ($3.3m) | $4.7m | $687k | $4.2m | ($5.5m) | — | |
| Stock-based compensation expense | — | — | $3.5m | $4.7m | $5.0m | $3.8m | $4.5m | $5.2m | $3.3m | $3.5m | |
| Accounts receivable | $2.6m | $1.0m | $11.9m | ($2.7m) | ($12.7m) | ($2.5m) | $7.8m | $8.1m | $6.0m | ($12.1m) | |
| Inventory excess and obsolescence reserve | — | $90k | ($60k) | $80k | ($935k) | $80k | $183k | ($220k) | ($110k) | — | |
| Inventories | ($2.5m) | ($6.9m) | $8.9m | $4.2m | ($27.9m) | ($1.6m) | $13.4m | $13.2m | $62k | ($11.7m) | |
| Accounts payable | $2.1m | $834k | ($11.0m) | $515k | $11.8m | $9.4m | ($9.4m) | ($8.0m) | $8.4m | $13.4m | |
| Accrued liabilities | $2.3m | $1.4m | ($6.9m) | $8.0m | $5.3m | $3.0m | ($6.6m) | $2.4m | ($7.8m) | $1.5m | |
| Prepaids and other current assets | ($106k) | ($4.4m) | ($1.4m) | $500k | ($1.0m) | ($616k) | $532k | ($185k) | ($1.0m) | — | |
| Net cash provided by operating activities | $30.8m |
$36.7m
+19.20%
|
$33.4m
-9.02%
|
$36.5m
+9.34%
|
$14.5m
-60.42%
|
$52.4m
+262.63%
|
$40.4m
-23.01%
|
$89.8m
+122.50%
|
$38.6m
-57.06%
|
$13.9m
-63.87%
|
|
| Gain on disposal of property, plant and equipment | ($23k) | ($177k) | ($62k) | $667k | ($1.3m) | ($161k) | ($526k) | ($172k) | ($12k) | — | |
| Purchases of property, plant and equipment | ($11.3m) | ($17.9m) | ($25.8m) | ($7.8m) | ($39.3m) | ($58.6m) | ($16.6m) | ($12.1m) | ($11.6m) | — | |
| Proceeds from sale of property, plant and equipment | $24k | $10k | $76k | $2.0m | $5.3m | $7.9m | $1.1m | $386k | $72k | $72k | |
| Non-cash property, plant and equipment | $24k | $10k | $76k | $2.0m | $5.3m | $603k | $446k | $1.0m | $1.8m | — | |
| Net cash used in investing activities | ($11.2m) | ($132.6m) | ($28.1m) | ($5.8m) | ($34.0m) | ($50.7m) | ($104.1m) | ($11.7m) | ($151.5m) | ($158.4m) | |
| Loss on extinguishment of debt | — | — | — | — | — | — | $216k | — | — | — | |
| Repayments of other long-term debt | ($9.1m) | ($87.4m) | ($120.0m) | — | ($268k) | ($1.1m) | ($6.7m) | ($806k) | ($500k) | — | |
| Net cash provided by (used in) financing activities | ($19.6m) |
$98.9m
+603.58%
|
($8.4m)
-108.50%
|
($30.6m)
-264.63%
|
$19.5m
+163.67%
|
($1.7m)
-108.97%
|
$64.3m
+3777.19%
|
($78.6m)
-222.15%
|
$114.3m
+245.45%
|
$146.5m
+28.17%
|
|
| Net increase (decrease) in cash and cash equivalents | ($67k) | $3.0m | ($3.1m) | $120k | ($3k) | $9k | $545k | ($466k) | $1.3m | — | |
| Cash and cash equivalents at beginning of period | $76k | $3.1m | $1k | $121k | $118k | $127k | $672k | $206k | $1.5m | — | |
| Additional Supplementary Disclosures | |||||||||||
| Additional Supplementary Disclosures | |||||||||||
| Allowance for doubtful accounts | — | ($48k) | $284k | $772k | ($667k) | ($86k) | $140k | ($437k) | $305k | — | |
| Deferred compensation | — | — | — | $682k | ($514k) | ($3.9m) | ($17.1m) | $864k | $1.3m | — | |
| Non-cash lease expense | — | — | — | — | — | $4.3m | $3.8m | $5.4m | $6.1m | — | |
| Other non-cash adjustments | — | $218k | ($13k) | $358k | $325k | $329k | $259k | $291k | $469k | — | |
| Tooling in progress | ($481k) | $489k | $729k | ($1.5m) | ($824k) | ($4.0m) | $2.6m | $696k | $15k | — | |
| Operating lease obligations | — | — | — | — | — | ($3.9m) | ($3.1m) | ($5.1m) | ($6.0m) | — | |
| Payment for acquisition, net of cash acquired | — | ($114.7m) | ($2.4m) | — | — | — | ($88.6m) | — | ($140.0m) | — | |
| Proceeds from bank revolving credit notes | $132.5m | $257.4m | $442.2m | $267.2m | $385.2m | $437.9m | $588.0m | $810.6m | $1.6b | — | |
| Payments on bank revolving credit notes | ($133.9m) | ($228.1m) | ($429.2m) | ($294.5m) | ($362.9m) | ($433.3m) | ($512.8m) | ($878.3m) | ($1.4b) | — | |
| Payments of financing costs | ($412k) | ($2.2m) | — | ($207k) | — | — | ($1.2m) | — | ($817k) | — | |
| Shares withheld for employees' taxes | — | — | — | — | — | — | — | ($3.8m) | ($1.6m) | — | |
| Purchase of treasury stock | ($8.7m) | ($7.8m) | ($2.6m) | ($2.5m) | ($2.2m) | ($4.9m) | ($2.7m) | ($5.9m) | ($4.6m) | — | |
| Payments on finance leases | — | ($123k) | ($469k) | ($598k) | ($544k) | ($322k) | ($404k) | ($607k) | ($1.0m) | — | |
| Proceeds from the exercise of stock options | — | — | — | — | $139k | — | — | $345k | — | — | |
| Cash paid for interest | $4.3m | $4.1m | $6.6m | $3.0m | $2.1m | $3.7m | $10.7m | $10.3m | $9.7m | — | |
| Cash paid for income taxes | — | $54k | $544k | $744k | $1.5m | $704k | $513k | $1.4m | $2.3m | — | |
| Assets acquired, net of cash acquired | — | — | — | — | — | — | $102.4m | — | $149.6m | — | |
| Liabilities assumed | — | ($53.1m) | — | — | — | — | ($13.8m) | — | ($9.7m) | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.