METHODE ELECTRONICS INC
For the period ended Aug 1, 2026. Filed Sep 2, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Aug 1, 2026 · Filed Sep 2, 2026
MEI$11.86-2.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows (Unaudited) - Three
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
(in millions)
| Three Months Ended | ||
|---|---|---|
| August 1, 2026 | August 2, 2025 | |
| (13 Weeks) | (13 Weeks) | |
| Operating activities: | ||
| Net income (loss) | $(11.4) | $(10.3) |
| Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities: | ||
| Depreciation and amortization | 14.1 | 14.9 |
| Stock-based compensation expense | 2.1 | 1.2 |
| Amortization of debt issuance costs | 0.4 | 0.3 |
| Partial write-off of unamortized debt issuance costs | — | 0.6 |
| Gain on sale of property, plant and equipment | — | (0.5) |
| Inventory obsolescence | 2.7 | 1.7 |
| Change in deferred income taxes | (0.8) | 0.5 |
| Other | 0.1 | (1.0) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | (0.7) | 28.3 |
| Inventories, net | (9.3) | 2.8 |
| Prepaid expenses and other assets | 8.0 | 6.2 |
| Accounts payable | 1.7 | (6.2) |
| Other liabilities | (14.7) | (13.4) |
| Net cash provided (used) by operating activities | (7.8) | 25.1 |
| Investing activities: | ||
| Purchases of property, plant and equipment | (3.1) | (7.1) |
| Proceeds from disposition of assets | — | 1.3 |
| Net cash provided (used) by investing activities | (3.1) | (5.8) |
| Financing activities: | ||
| Taxes paid related to net share settlement of equity awards | (0.3) | (0.4) |
| Repayments of finance leases | (0.1) | (0.1) |
| Debt issuance costs | — | (1.6) |
| Cash dividends | (1.8) | (2.8) |
| Proceeds from borrowings | 10.0 | 78.5 |
| Repayments of borrowings | (20.1) | (78.1) |
| Net cash provided (used) by financing activities | (12.3) | (4.5) |
| Effect of foreign currency exchange rate changes on cash and cash equivalents | (0.2) | 2.7 |
| Increase (decrease) in cash and cash equivalents | (23.4) | 17.5 |
| Cash and cash equivalents at beginning of the period | 139.6 | 103.6 |
| Cash and cash equivalents at end of the period | $116.2 | $121.1 |
| Supplemental cash flow information: | ||
| Cash paid during the period for: | ||
| Interest | $5.0 | $4.8 |
| Income taxes, net of refunds | $4.4 | $5.7 |
| Operating lease obligations | $2.4 | $2.2 |
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