Mayville Engineering Company, Inc.
For the period ended Sep 30, 2025. Filed Nov 5, 2025.
View on SEC.govAbout this filing
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 30, 2025 · Filed Nov 5, 2025
MEC$13.74-2.6%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
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Nine Months Ended | ||||||
| · · September 30, | ||||||
| | 2025 | 2024 | ||||
| CASH FLOWS FROM OPERATING ACTIVITIES | | | | | | |
| Net income (loss) | | $(3,752) | | $9,997 | ||
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | | | | | ||
| Depreciation | | 23,630 | | | 22,927 | |
| Amortization | | 6,591 | | | 5,200 | |
| Allowance for doubtful accounts | | 71 | | | (255) | |
| Inventory excess and obsolescence reserve | | (208) | | | (30) | |
| Stock-based compensation expense | | 2,953 | | | 3,847 | |
| Gain on disposal of property, plant and equipment | | (1) | | | (177) | |
| Deferred compensation | | 1,100 | | | 752 | |
| Non-cash lease expense | | | 4,334 | | | 4,034 |
| Other non-cash adjustments | | 280 | | | 447 | |
| Changes in operating assets and liabilities: | | | | | ||
| Accounts receivable | | (5,356) | | | 3,355 | |
| Inventories | | (1,661) | | | 6,639 | |
| Tooling in progress | | 115 | | | (169) | |
| Prepaids and other current assets | | (1,933) | | | (1,694) | |
| Accounts payable | | 9,960 | | | 534 | |
| Deferred income taxes | | | (1,613) | | | 1,454 |
| Operating lease obligations | | | (4,239) | | | (3,792) |
| Accrued liabilities | | (5,090) | | | (1,222) | |
| Net cash provided by operating activities | | 25,181 | | 51,847 | ||
| CASH FLOWS FROM INVESTING ACTIVITIES | | | ||||
| Purchases of property, plant and equipment | | (8,430) | | | (9,753) | |
| Proceeds from sale of property, plant and equipment | | 22 | | | 108 | |
| Payment for acquisition, net of cash acquired | | | (140,062) | | | — |
| Net cash used in investing activities | | (148,470) | | (9,645) | ||
| CASH FLOWS FROM FINANCING ACTIVITIES | | | | |||
| Proceeds from bank revolving credit notes | | 1,147,941 | | | 514,466 | |
| Payments on bank revolving credit notes | | (1,015,808) | | | (550,914) | |
| Repayments of other long-term debt | | — | | | (306) | |
| Payments of financing costs | | (793) | | | — | |
| Shares withheld for employees' taxes | | (1,577) | | | (3,816) | |
| Purchase of treasury stock | | | (4,607) | | | (1,996) |
| Payments on finance leases | | (856) | | | (475) | |
| Proceeds from the exercise of stock options | | — | | | 345 | |
| Net cash provided by (used in) financing activities | | 124,300 | | (42,696) | ||
| Net increase (decrease) in cash and cash equivalents | | 1,011 | | (494) | ||
| Cash and cash equivalents at beginning of period | | 206 | | 672 | ||
| Cash and cash equivalents at end of period | | $1,217 | | $178 | ||
Condensed Consolidated Statements of Cash Flows
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Nine Months Ended | ||||||
| · · September 30, | ||||||
| · 2025 · 2024 | ||||||
| Supplemental disclosure of cash flow information: · · | ||||||
| Cash paid for interest | | $5,953 | | $8,032 | ||
| Cash paid for income taxes | | $2,329 | | $1,205 | ||
| Non-cash property, plant and equipment | | $921 | | $1,376 | ||
| In conjunction with the acquisition, assets acquired and liabilities assumed were as follows: | | | | | | |
| Assets acquired, net of cash acquired | | $149,553 | | $— | ||
| Liabilities assumed | | | (9,491) | | | — |
| Cash paid for acquisition, net of cash acquired | | $140,062 | | $— | ||
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