Mayville Engineering Company, Inc.

For the period ended Jun 30, 2025. Filed Aug 6, 2025.

About 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.

Jun 30, 2025 · Filed Aug 6, 2025

MEC$13.74-2.6%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Cash Flows

(in thousands)


· · Six Months Ended ·
· · June 30, ·
· 2025 · 2024
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$(1,077)	$7,023
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation	15,619	15,179
Amortization	3,466	3,466
Allowance for doubtful accounts	46	12
Inventory excess and obsolescence reserve	(187)	(164)
Stock-based compensation expense	2,108	2,495
Loss on disposal of property, plant and equipment	5	2
Deferred compensation	732	451
Non-cash lease expense	2,644	2,702
Other non-cash adjustments	141	143
Changes in operating assets and liabilities:
Accounts receivable	(1,593)	(10,420)
Inventories	996	7,130
Tooling in progress	983	(617)
Prepaids and other current assets	(168)	(1,951)
Accounts payable	7,390	6,391
Deferred income taxes	(1,075)	1,764
Operating lease obligations	(2,596)	(2,535)
Accrued liabilities	(4,127)	2,829
Net cash provided by operating activities	23,307	33,900
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant and equipment	(5,408)	(6,874)
Proceeds from sale of property, plant and equipment	6	107
Net cash used in investing activities	(5,402)	(6,767)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from bank revolving credit notes	560,363	273,536
Payments on bank revolving credit notes	(570,808)	(298,967)
Repayments of other long-term debt	—	(306)
Payments of financing costs	(793)	—
Shares withheld for employees' taxes	(1,335)	(758)
Purchase of treasury stock	(4,607)	(998)
Payments on finance leases	(725)	(343)
Proceeds from the exercise of stock options	—	345
Net cash used in financing activities	(17,905)	(27,491)
Net increase (decrease) in cash and cash equivalents	—	(358)
Cash and cash equivalents at beginning of period	206	672
Cash and cash equivalents at end of period	$206	$314

Supplemental disclosure of cash flow information:
Cash paid for interest	$3,208	$5,577
Cash paid for income taxes	$2,301	$796
Non-cash property, plant and equipment	$1,129	$1,492

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.