← MERCURY SYSTEMS INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $19.7m |
$24.9m
+26.00%
|
$40.9m
+64.35%
|
$46.8m
+14.41%
|
$85.7m
+83.24%
|
$62.0m
-27.61%
|
$11.3m
-81.83%
|
($28.3m)
-351.31%
|
($137.6m)
-385.76%
|
($37.9m)
+72.46%
|
— | |
| Depreciation, Depletion and Amortization | $15.7m | $32.3m | $42.3m | $46.4m | $49.3m | $67.1m | $93.4m | $97.3m | $88.0m | $82.0m | $75.1m | |
| Amortization of Intangible Assets | $8.8m | $19.7m | $26.0m | $27.9m | $30.6m | $41.2m | $60.3m | $53.6m | $47.7m | $42.8m | — | |
| Depreciation | $6.9m | $12.6m | $16.3m | $18.5m | $18.8m | $25.9m | $33.1m | $43.8m | $40.4m | $39.2m | $39.2m | |
| Deferred Income Tax Expense (Benefit) | ($3.1m) | ($7.8m) | ($5.5m) | ($1.6m) | ($3.0m) | ($1.1m) | ($2.4m) | ($59.6m) | ($31.5m) | ($10.6m) | ($3.6m) | |
| Share-based Payment Arrangement, Noncash Expense | $9.6m | $15.3m | $17.3m | $19.4m | $26.5m | $28.3m | $38.3m | $27.8m | $25.7m | $25.0m | $50.3m | |
| Share-based Payment Arrangement, Expense | $9.6m | $15.3m | $17.3m | $19.4m | $26.5m | $28.3m | $38.3m | $27.8m | $25.7m | $25.0m | $50.3m | |
| Other Nonoperating Income (Expense) | $2.4m | $771k | ($1.6m) | ($8.9m) | $1.7m | ($2.8m) | ($7.6m) | ($2.8m) | ($7.7m) | ($974k) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $25.4m | $14.1m | $22.8m | $28.1m | $31.1m | $52.0m | $146.5m | $58.7m | ($76.5m) | ($29.9m) | $11.8m | |
| Increase (Decrease) in Inventories | $865k | $9.3m | $16.2m | $17.1m | $31.6m | $27.4m | $40.9m | $64.1m | ($130k) | $17.1m | ($24.4m) | |
| Net Cash Provided by (Used in) Operating Activities | $36.9m |
$59.1m
+60.11%
|
$43.3m
-26.76%
|
$97.5m
+125.10%
|
$115.2m
+18.12%
|
$97.2m
-15.57%
|
($18.9m)
-119.40%
|
($21.3m)
-12.64%
|
$60.4m
+384.10%
|
$138.9m
+129.95%
|
$98.3m
-29.20%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $7.9m | $32.8m | $15.1m | $26.7m | $43.3m | $45.6m | $27.7m | $38.8m | $34.3m | $19.8m | ($24.8m) | |
| Cash, Cash Equivalents, and Short-term Investments | $81.7m | $41.6m | $66.5m | $257.9m | $226.8m | $113.8m | $65.7m | $71.6m | $180.5m | $309.1m | — | |
| Gain (Loss) on Investments | — | — | — | — | $5.8m | $0 | $0 | — | — | — | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $309.8m | $77.8m | $185.4m | $127.1m | $96.5m | $372.8m | $243.5m | $0 | $0 | $4.5m | ($6.0m) | |
| Payments for (Proceeds from) Other Investing Activities | $567k | $486k | $375k | $0 | $0 | — | $3.2m | ($235k) | $0 | ($4.6m) | — | |
| Net Cash Provided by (Used in) Investing Activities | ($318.2m) | ($111.1m) | ($200.9m) | ($153.8m) | ($135.5m) | ($416.9m) | ($274.3m) | ($38.6m) | ($34.3m) | ($13.5m) | ($24.5m) | |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common Stock | $8.0m | $8.8m | $15.5m | $8.0m | $16.2m | $66k | $8.2m | $63k | $31k | $0 | — | |
| Proceeds from Issuance of Common Stock | $92.8m | $215.7m | $0 | $454.3m | $0 | $0 | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | $284.9m |
$11.3m
-96.02%
|
$182.9m
+1513.49%
|
$247.8m
+35.44%
|
($10.9m)
-104.41%
|
$206.2m
+1986.47%
|
$245.8m
+19.17%
|
$65.4m
-73.38%
|
$82.7m
+26.37%
|
$1.4m
-98.29%
|
($13.3m)
-1039.09%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $479k | $549k | ($497k) | ($97k) | ($31.1m) | ($113.0m) | ($48.2m) | $5.9m | $109.0m | $128.6m | $330.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | $226.8m | $113.8m | $65.7m | $71.6m | $180.5m | $309.1m | $330.3m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $479k | $549k | ($497k) | ($97k) | $140k | $412k | ($750k) | $295k | $187k | $1.8m | $1.5m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — | $1.0m | $1.1m | $5.5m | $27.3m | $37.4m | $36.6m | — | |
| Income Taxes Paid, Net | $8.0m | $2.8m | $17.0m | $7.4m | $12.9m | $9.0m | $14.1m | $24.2m | ($9.3m) | $365k | — | |
| Additional Financial Items | ||||||||||||
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | — | — | — | — | $318k | $0 | ($509k) | $354k | $181k | — | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment | — | — | — | — | — | — | — | — | — | $2.1m | — | |
| Derivative, Gain (Loss) on Derivative, Net | — | — | — | $5.4m | $0 | $0 | — | ($6.0m) | ($7.4m) | $0 | — | |
| Goodwill | $344.0m | $380.8m | $497.4m | $562.1m | $614.1m | $804.9m | $937.9m | $938.1m | $938.1m | $938.1m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $19.7m | $24.9m | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $5.5m | $6.2m | $1.7m | $12.8m | $8.2m | $15.1m | $7.1m | ($20.2m) | ($51.6m) | ($12.5m) | — | |
| Investment Income, Interest | $131k | $462k | $32k | $932k | $2.2m | $179k | $143k | $1.1m | $1.2m | $3.6m | — | |
| Operating Expenses | $100.8m | $154.1m | $178.9m | $209.6m | $265.8m | $304.2m | $363.3m | $338.4m | $343.7m | $274.1m | — | |
| Operating Lease, Expense | — | — | — | — | $10.0m | $11.7m | $14.3m | $13.8m | $13.8m | $14.6m | — | |
| Payments of Financing Costs | — | $591k | $0 | $1.9m | $0 | $0 | $2.9m | $0 | $1.9m | $2.2m | — | |
| Proceeds from Stock Options Exercised | $8.1m | $5.0m | $3.4m | $3.7m | $5.3m | $6.3m | $5.4m | $5.5m | $4.6m | $3.7m | — | |
| Unrealized Gain (Loss) on Derivatives | — | — | — | — | — | — | — | — | $3.0m | $3.5m | — |