MERCURY SYSTEMS INC
For the period ended Sep 27, 2024. Filed Nov 5, 2024.
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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.
Sep 27, 2024 · Filed Nov 5, 2024
MRCY$83.58+5.0%Stored close · as of Nov 10, 2026
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Consolidated Balance Sheets as of September, 2024 and June
CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share data)
| September 27, 2024 | June 28, 2024 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $158,123 | $180,521 |
| Accounts receivable, net of allowance for credit losses of $1,989 and $2,020 at September 27, 2024 and June 28, 2024, respectively | 124,546 | 111,441 |
| Unbilled receivables and costs in excess of billings, net of allowance for credit losses of $5,311 and $6,340 at September 27, 2024 and June 28, 2024, respectively | 298,270 | 304,029 |
| Inventory | 351,088 | 335,300 |
| Prepaid expenses and other current assets | 22,289 | 22,493 |
| Total current assets | 954,316 | 953,784 |
| Property and equipment, net | 105,059 | 110,353 |
| Goodwill | 938,093 | 938,093 |
| Intangible assets, net | 239,306 | 250,512 |
| Operating lease right-of-use assets, net | 58,359 | 60,860 |
| Deferred tax assets | 66,362 | 58,612 |
| Other non-current assets | 7,486 | 6,691 |
| Total assets | $2,368,981 | $2,378,905 |
| Liabilities and Shareholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $74,741 | $81,068 |
| Accrued expenses | 42,548 | 42,926 |
| Accrued compensation | 18,098 | 36,398 |
| Income taxes payable | 1,115 | 109 |
| Deferred revenues and customer advances | 96,292 | 73,915 |
| Total current liabilities | 232,794 | 234,416 |
| Income taxes payable | 7,713 | 7,713 |
| Long-term debt | 591,500 | 591,500 |
| Operating lease liabilities | 59,798 | 62,584 |
| Other non-current liabilities | 17,335 | 9,917 |
| Total liabilities | 909,140 | 906,130 |
| Commitments and contingencies (Note L) | ||
| Shareholders’ equity: | ||
| Preferred stock, $0.01 par value; 1,000,000 shares authorized; no shares issued or outstanding | — | — |
| Common stock, $0.01 par value; 85,000,000 shares authorized; 58,454,728 and 58,093,528 shares issued and outstanding at September 27, 2024 and June 28, 2024, respectively | 584 | 581 |
| Additional paid-in capital | 1,253,249 | 1,242,402 |
| Retained earnings | 202,274 | 219,799 |
| Accumulated other comprehensive income | 3,734 | 9,993 |
| Total shareholders’ equity | 1,459,841 | 1,472,775 |
| Total liabilities and shareholders’ equity | $2,368,981 | $2,378,905 |
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