← 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
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 $40.9m $46.8m $85.7m $62.0m $11.3m ($28.3m) ($137.6m) ($37.9m)
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 — — — — — — — —
Depreciation, Depletion and Amortization $15.7m $32.3m $42.3m $46.4m $49.3m $67.1m $93.4m $97.3m $88.0m $82.0m
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
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)
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
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
Income Tax Expense (Benefit) $5.5m $6.2m $1.7m $12.8m $8.2m $15.1m $7.1m ($20.2m) ($51.6m) ($12.5m)
Operating Lease, Expense — — — — $10.0m $11.7m $14.3m $13.8m $13.8m $14.6m
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:
Additional Financial Items
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)
Increase (Decrease) in Inventories $865k $9.3m $16.2m $17.1m $31.6m $27.4m $40.9m $64.1m ($130k) $17.1m
Gain (Loss) on Investments — — — — $5.8m $0 $0 — — —
Goodwill $344.0m $380.8m $497.4m $562.1m $614.1m $804.9m $937.9m $938.1m $938.1m $938.1m
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
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
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
Net Cash Provided by (Used in) Operating Activities $36.9m $59.1m $43.3m $97.5m $115.2m $97.2m ($18.9m) ($21.3m) $60.4m $138.9m
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
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
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)
Cash flows from financing activities:
Proceeds from Issuance of Common Stock $92.8m $215.7m $0 $454.3m $0 $0 — — — —
Payments for Repurchase of Common Stock $8.0m $8.8m $15.5m $8.0m $16.2m $66k $8.2m $63k $31k $0
Net Cash Provided by (Used in) Financing Activities $284.9m $11.3m $182.9m $247.8m ($10.9m) $206.2m $245.8m $65.4m $82.7m $1.4m
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
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
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — $226.8m $113.8m $65.7m $71.6m $180.5m $309.1m
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
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

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.