$MEI
METHODE ELECTRONICS INC

2014 Q3 Form 10-Q Financial Statement

#000006527014000035 Filed on September 04, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2013 Q3
Revenue $218.1M $167.3M
YoY Change 30.36% 40.94%
Cost Of Revenue $167.6M $133.3M
YoY Change 25.73% 37.04%
Gross Profit $50.50M $34.00M
YoY Change 48.53% 58.14%
Gross Profit Margin 23.15% 20.32%
Selling, General & Admin $22.20M $18.90M
YoY Change 17.46% 9.27%
% of Gross Profit 43.96% 55.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.600M $5.200M
YoY Change 7.69% 32.99%
% of Gross Profit 11.09% 15.29%
Operating Expenses $22.20M $18.90M
YoY Change 17.46% 9.27%
Operating Profit $28.30M $15.10M
YoY Change 87.42% 262.11%
Interest Expense $0.00 -$100.0K
YoY Change -100.0%
% of Operating Profit 0.0% -0.66%
Other Income/Expense, Net $100.0K -$100.0K
YoY Change -200.0% -343.9%
Pretax Income $28.40M $14.90M
YoY Change 90.6% 250.01%
Income Tax $7.000M $1.300M
% Of Pretax Income 24.65% 8.72%
Net Earnings $21.40M $13.60M
YoY Change 57.35% 248.72%
Net Earnings / Revenue 9.81% 8.13%
Basic Earnings Per Share $0.56 $0.36
Diluted Earnings Per Share $0.55 $0.36
COMMON SHARES
Basic Shares Outstanding 38.46M shares 37.55M shares
Diluted Shares Outstanding 38.65M shares 38.25M shares

Balance Sheet

Concept 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $135.7M $73.40M
YoY Change 84.88% -13.75%
Cash & Equivalents $135.7M $73.40M
Short-Term Investments
Other Short-Term Assets $19.00M $14.00M
YoY Change 35.71% 13.82%
Inventory $74.10M $69.01M
Prepaid Expenses
Receivables $156.7M $135.6M
Other Receivables $0.00 $300.0K
Total Short-Term Assets $385.5M $292.2M
YoY Change 31.92% 21.67%
LONG-TERM ASSETS
Property, Plant & Equipment $99.50M $100.3M
YoY Change -0.82% 23.17%
Goodwill $12.90M $12.92M
YoY Change -0.17% -21.31%
Intangibles $12.60M $16.03M
YoY Change -21.41% -1.13%
Long-Term Investments
YoY Change
Other Assets $16.40M $37.51M
YoY Change -56.28% 1.89%
Total Long-Term Assets $90.70M $81.36M
YoY Change 11.48% -2.98%
TOTAL ASSETS
Total Short-Term Assets $385.5M $292.2M
Total Long-Term Assets $90.70M $81.36M
Total Assets $575.7M $473.9M
YoY Change 21.48% 16.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $79.50M $76.17M
YoY Change 4.38% 40.95%
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 $119.0M $103.3M
YoY Change 15.19% 15.04%
LONG-TERM LIABILITIES
Long-Term Debt $38.00M $52.50M
YoY Change -27.62% -7.08%
Other Long-Term Liabilities $4.400M $3.705M
YoY Change 18.76% 9.68%
Total Long-Term Liabilities $4.400M $3.705M
YoY Change 18.76% 9.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $119.0M $103.3M
Total Long-Term Liabilities $4.400M $3.705M
Total Liabilities $123.4M $107.0M
YoY Change 15.32% 14.85%
SHAREHOLDERS EQUITY
Retained Earnings $287.1M $195.4M
YoY Change 46.95% 25.8%
Common Stock $112.5M $102.9M
YoY Change 9.29% 5.22%
Preferred Stock
YoY Change
Treasury Stock (at cost) $11.40M $11.38M
YoY Change 0.2% 0.0%
Treasury Stock Shares 1.342M shares 1.342M shares
Shareholders Equity $407.6M $305.1M
YoY Change
Total Liabilities & Shareholders Equity $575.7M $473.9M
YoY Change 21.48% 16.87%

Cashflow Statement

Concept 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income $21.40M $13.60M
YoY Change 57.35% 248.72%
Depreciation, Depletion And Amortization $5.600M $5.200M
YoY Change 7.69% 32.99%
Cash From Operating Activities $33.20M $8.700M
YoY Change 281.61% 40.62%
INVESTING ACTIVITIES
Capital Expenditures $3.300M $9.300M
YoY Change -64.52% -18.53%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$3.300M -$9.300M
YoY Change -64.52% -18.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $10.00M $5.500M
YoY Change 81.82%
Cash From Financing Activities -$8.900M $7.400M
YoY Change -220.27% 25.25%
NET CHANGE
Cash From Operating Activities $33.20M $8.700M
Cash From Investing Activities -$3.300M -$9.300M
Cash From Financing Activities -$8.900M $7.400M
Net Change In Cash $21.00M $6.800M
YoY Change 208.82% 900.0%
FREE CASH FLOW
Cash From Operating Activities $33.20M $8.700M
Capital Expenditures $3.300M $9.300M
Free Cash Flow $29.90M -$600.0K
YoY Change -5083.33% -88.52%

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DocumentType
10-Q
CY2014Q3 dei Entity Central Index Key
EntityCentralIndexKey
0000065270
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
38155588 shares
CY2014Q3 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2014Q3 dei Entity Registrant Name
EntityRegistrantName
METHODE ELECTRONICS INC

Files In Submission

Name View Source Status
0000065270-14-000035-index-headers.html Edgar Link pending
0000065270-14-000035-index.html Edgar Link pending
0000065270-14-000035.txt Edgar Link pending
0000065270-14-000035-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
mei-20140802.xml Edgar Link completed
mei-20140802.xsd Edgar Link pending
mei-20140802_cal.xml Edgar Link unprocessable
mei-20140802_def.xml Edgar Link unprocessable
mei-20140802_lab.xml Edgar Link unprocessable
mei-20140802_pre.xml Edgar Link unprocessable
mei0802201410qq1.htm Edgar Link pending
meiexhibit31108022014.htm Edgar Link pending
meiexhibit31208022014.htm Edgar Link pending
meiexhibit3208022014.htm Edgar Link pending
methodelogoa01a02a01a02a02.gif Edgar Link pending
R1.htm Edgar Link pending
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R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending