$MEI
METHODE ELECTRONICS INC

2013 Q3 Form 10-Q Financial Statement

#000006527013000028 Filed on August 29, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2012 Q3
Revenue $167.3M $118.7M
YoY Change 40.94% 7.13%
Cost Of Revenue $133.3M $97.27M
YoY Change 37.04% 7.1%
Gross Profit $34.00M $21.50M
YoY Change 58.14% 7.61%
Gross Profit Margin 20.32% 18.11%
Selling, General & Admin $18.90M $17.30M
YoY Change 9.27% -6.82%
% of Gross Profit 55.59% 80.45%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.200M $3.910M
YoY Change 32.99% 13.7%
% of Gross Profit 15.29% 18.19%
Operating Expenses $18.90M $17.30M
YoY Change 9.27% -6.82%
Operating Profit $15.10M $4.170M
YoY Change 262.11% 194.08%
Interest Expense -$100.0K $0.00
YoY Change
% of Operating Profit -0.66% 0.0%
Other Income/Expense, Net -$100.0K $41.00K
YoY Change -343.9% -4.65%
Pretax Income $14.90M $4.257M
YoY Change 250.01% 192.18%
Income Tax $1.300M $430.0K
% Of Pretax Income 8.72% 10.1%
Net Earnings $13.60M $3.900M
YoY Change 248.72% 161.04%
Net Earnings / Revenue 8.13% 3.29%
Basic Earnings Per Share $0.36 $0.10
Diluted Earnings Per Share $0.36 $0.10
COMMON SHARES
Basic Shares Outstanding 37.55M shares 37.39M shares
Diluted Shares Outstanding 38.25M shares 37.89M shares

Balance Sheet

Concept 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $73.40M $85.10M
YoY Change -13.75% 0.83%
Cash & Equivalents $73.40M $85.15M
Short-Term Investments
Other Short-Term Assets $14.00M $12.30M
YoY Change 13.82% -5.38%
Inventory $69.01M $47.36M
Prepaid Expenses
Receivables $135.6M $94.68M
Other Receivables $300.0K $600.0K
Total Short-Term Assets $292.2M $240.2M
YoY Change 21.67% 7.86%
LONG-TERM ASSETS
Property, Plant & Equipment $100.3M $81.45M
YoY Change 23.17% 31.61%
Goodwill $12.92M $16.42M
YoY Change -21.31% 0.0%
Intangibles $16.03M $16.22M
YoY Change -1.13% -9.72%
Long-Term Investments
YoY Change
Other Assets $37.51M $36.82M
YoY Change 1.89% 34.64%
Total Long-Term Assets $81.36M $83.86M
YoY Change -2.98% 9.4%
TOTAL ASSETS
Total Short-Term Assets $292.2M $240.2M
Total Long-Term Assets $81.36M $83.86M
Total Assets $473.9M $405.5M
YoY Change 16.87% 12.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $76.17M $54.04M
YoY Change 40.95% 43.06%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $103.3M $89.80M
YoY Change 15.04% 38.59%
LONG-TERM LIABILITIES
Long-Term Debt $52.50M $56.50M
YoY Change -7.08% 109.26%
Other Long-Term Liabilities $3.705M $3.378M
YoY Change 9.68% -36.01%
Total Long-Term Liabilities $3.705M $3.378M
YoY Change 9.68% -36.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $103.3M $89.80M
Total Long-Term Liabilities $3.705M $3.378M
Total Liabilities $107.0M $93.18M
YoY Change 14.85% 32.97%
SHAREHOLDERS EQUITY
Retained Earnings $195.4M $155.3M
YoY Change 25.8% 0.26%
Common Stock $102.9M $97.83M
YoY Change 5.22% 4.99%
Preferred Stock
YoY Change
Treasury Stock (at cost) $11.38M $11.38M
YoY Change 0.0% 0.0%
Treasury Stock Shares 1.342M shares 1.342M shares
Shareholders Equity $305.1M $250.4M
YoY Change
Total Liabilities & Shareholders Equity $473.9M $405.5M
YoY Change 16.87% 12.26%

Cashflow Statement

Concept 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $13.60M $3.900M
YoY Change 248.72% 161.04%
Depreciation, Depletion And Amortization $5.200M $3.910M
YoY Change 32.99% 13.7%
Cash From Operating Activities $8.700M $6.187M
YoY Change 40.62% -4.83%
INVESTING ACTIVITIES
Capital Expenditures $9.300M $11.42M
YoY Change -18.53% 150.71%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$9.300M -$11.42M
YoY Change -18.53% 150.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $5.500M $0.00
YoY Change
Cash From Financing Activities $7.400M $5.908M
YoY Change 25.25% -75.99%
NET CHANGE
Cash From Operating Activities $8.700M $6.187M
Cash From Investing Activities -$9.300M -$11.42M
Cash From Financing Activities $7.400M $5.908M
Net Change In Cash $6.800M $680.0K
YoY Change 900.0% -97.44%
FREE CASH FLOW
Cash From Operating Activities $8.700M $6.187M
Capital Expenditures $9.300M $11.42M
Free Cash Flow -$600.0K -$5.228M
YoY Change -88.52% -368.38%

Facts In Submission

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37391831 shares
CY2013Q3 mei Finite Lived And Indefinite Lived Intangible Assets Excluding Goodwill Gross
FiniteLivedAndIndefiniteLivedIntangibleAssetsExcludingGoodwillGross
42472000 USD
CY2013Q2 mei Finite Lived And Indefinite Lived Intangible Assets Excluding Goodwill Gross
FiniteLivedAndIndefiniteLivedIntangibleAssetsExcludingGoodwillGross
42472000 USD
CY2012Q3 mei Interest Expense Income Net
InterestExpenseIncomeNet
-46000 USD
CY2013Q3 mei Interest Expense Income Net
InterestExpenseIncomeNet
59000 USD
CY2013Q2 mei Prepaid And Refundable Income Taxes
PrepaidAndRefundableIncomeTaxes
326000 USD
CY2013Q3 mei Prepaid And Refundable Income Taxes
PrepaidAndRefundableIncomeTaxes
269000 USD
CY2013Q2 mei Prepaid Expenses And Other Current Assets
PrepaidExpensesAndOtherCurrentAssets
9459000 USD
CY2013Q3 mei Prepaid Expenses And Other Current Assets
PrepaidExpensesAndOtherCurrentAssets
10572000 USD
CY2013Q3 dei Amendment Flag
AmendmentFlag
false
CY2013Q3 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--05-03
CY2013Q3 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2013Q3 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2013Q3 dei Document Period End Date
DocumentPeriodEndDate
2013-07-27
CY2013Q3 dei Document Type
DocumentType
10-Q
CY2013Q3 dei Entity Central Index Key
EntityCentralIndexKey
0000065270
CY2013Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
37257672 shares
CY2013Q3 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2013Q3 dei Entity Registrant Name
EntityRegistrantName
METHODE ELECTRONICS INC

Files In Submission

Name View Source Status
0000065270-13-000028-index-headers.html Edgar Link pending
0000065270-13-000028-index.html Edgar Link pending
0000065270-13-000028.txt Edgar Link pending
0000065270-13-000028-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
mei-20130727.xml Edgar Link completed
mei-20130727.xsd Edgar Link pending
mei-20130727_cal.xml Edgar Link unprocessable
mei-20130727_def.xml Edgar Link unprocessable
mei-20130727_lab.xml Edgar Link unprocessable
mei-20130727_pre.xml Edgar Link unprocessable
mei0727201310qq1.htm Edgar Link pending
meiexhibit31107272013.htm Edgar Link pending
meiexhibit31207272013.htm Edgar Link pending
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report.css Edgar Link pending
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