$MEI
METHODE ELECTRONICS INC

2014 Q4 Form 10-Q Financial Statement

#000006527014000042 Filed on December 11, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2013 Q4
Revenue $229.7M $190.9M
YoY Change 20.32% 47.19%
Cost Of Revenue $169.5M $149.5M
YoY Change 13.38% 39.11%
Gross Profit $60.20M $41.40M
YoY Change 45.41% 85.65%
Gross Profit Margin 26.21% 21.69%
Selling, General & Admin $25.40M $19.70M
YoY Change 28.93% 29.8%
% of Gross Profit 42.19% 47.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.000M $5.700M
YoY Change 5.26% 26.67%
% of Gross Profit 9.97% 13.77%
Operating Expenses $25.40M $19.70M
YoY Change 28.93% 29.8%
Operating Profit $34.80M $21.70M
YoY Change 60.37% -19.97%
Interest Expense $100.0K -$100.0K
YoY Change -200.0% 0.0%
% of Operating Profit 0.29% -0.46%
Other Income/Expense, Net -$200.0K -$400.0K
YoY Change -50.0% -25.37%
Pretax Income $34.70M $21.20M
YoY Change 63.68% -20.08%
Income Tax $8.700M $1.400M
% Of Pretax Income 25.07% 6.6%
Net Earnings $26.00M $19.80M
YoY Change 31.31% -15.02%
Net Earnings / Revenue 11.32% 10.37%
Basic Earnings Per Share $0.67 $0.52
Diluted Earnings Per Share $0.66 $0.51
COMMON SHARES
Basic Shares Outstanding 38.69M shares 37.72M shares
Diluted Shares Outstanding 39.52M shares 38.49M shares

Balance Sheet

Concept 2014 Q4 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $144.2M $87.80M
YoY Change 64.24% 14.03%
Cash & Equivalents $144.2M $87.80M
Short-Term Investments
Other Short-Term Assets $20.80M $13.50M
YoY Change 54.07% 8.87%
Inventory $75.40M $68.63M
Prepaid Expenses
Receivables $172.4M $147.5M
Other Receivables $0.00 $200.0K
Total Short-Term Assets $412.8M $317.6M
YoY Change 29.98% 27.72%
LONG-TERM ASSETS
Property, Plant & Equipment $96.60M $102.9M
YoY Change -6.08% 14.44%
Goodwill $12.90M $12.96M
YoY Change -0.42% -24.75%
Intangibles $12.20M $15.63M
YoY Change -21.92% -10.62%
Long-Term Investments
YoY Change
Other Assets $20.20M $37.32M
YoY Change -45.88% 0.8%
Total Long-Term Assets $84.10M $82.04M
YoY Change 2.51% -2.13%
TOTAL ASSETS
Total Short-Term Assets $412.8M $317.6M
Total Long-Term Assets $84.10M $82.04M
Total Assets $593.5M $502.5M
YoY Change 18.11% 18.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $82.40M $78.41M
YoY Change 5.09% 38.18%
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 $130.0M $106.6M
YoY Change 22.0% 18.89%
LONG-TERM LIABILITIES
Long-Term Debt $30.00M $51.50M
YoY Change -41.75% 11.96%
Other Long-Term Liabilities $4.200M $3.281M
YoY Change 28.01% -1.23%
Total Long-Term Liabilities $4.200M $3.281M
YoY Change 28.01% -1.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $130.0M $106.6M
Total Long-Term Liabilities $4.200M $3.281M
Total Liabilities $134.2M $109.8M
YoY Change 22.18% 18.17%
SHAREHOLDERS EQUITY
Retained Earnings $309.7M $212.6M
YoY Change 45.7% 20.72%
Common Stock $115.5M $104.9M
YoY Change 10.06% 6.45%
Preferred Stock
YoY Change
Treasury Stock (at cost) $11.50M $11.38M
YoY Change 1.08% 0.0%
Treasury Stock Shares 1.342M shares 1.342M shares
Shareholders Equity $422.3M $329.9M
YoY Change
Total Liabilities & Shareholders Equity $593.5M $502.5M
YoY Change 18.11% 18.97%

Cashflow Statement

Concept 2014 Q4 2013 Q4
OPERATING ACTIVITIES
Net Income $26.00M $19.80M
YoY Change 31.31% -15.02%
Depreciation, Depletion And Amortization $6.000M $5.700M
YoY Change 5.26% 26.67%
Cash From Operating Activities $30.00M $22.10M
YoY Change 35.75% 33.94%
INVESTING ACTIVITIES
Capital Expenditures -$7.500M -$7.200M
YoY Change 4.17% -40.98%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$7.500M -$7.200M
YoY Change 4.17% -47.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -9.700M -2.300M
YoY Change 321.74% -82.44%
NET CHANGE
Cash From Operating Activities 30.00M 22.10M
Cash From Investing Activities -7.500M -7.200M
Cash From Financing Activities -9.700M -2.300M
Net Change In Cash 12.80M 12.60M
YoY Change 1.59% -223.53%
FREE CASH FLOW
Cash From Operating Activities $30.00M $22.10M
Capital Expenditures -$7.500M -$7.200M
Free Cash Flow $37.50M $29.30M
YoY Change 27.99% 2.09%

Facts In Submission

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StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
-2700000 USD
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
391900000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
422300000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
422600000 USD
CY2014Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
392200000 USD
CY2014Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1342188 shares
CY2014Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
1342188 shares
CY2014Q4 us-gaap Treasury Stock Value
TreasuryStockValue
11500000 USD
CY2014Q2 us-gaap Treasury Stock Value
TreasuryStockValue
11400000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
700000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
100000 USD
us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
0 USD
CY2014Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
821853 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
467632 shares
CY2013Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
767727 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
712802 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38348040 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39038647 shares
CY2014Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39516436 shares
CY2013Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38486370 shares
CY2014Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38694583 shares
CY2013Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37718643 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37635238 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38571015 shares
CY2014Q2 mei Deferred Federal And State Income Tax Expense Benefit
DeferredFederalAndStateIncomeTaxExpenseBenefit
31700000 USD
CY2014Q4 mei Finite Lived And Indefinite Lived Intangible Assets Excluding Goodwill Gross
FiniteLivedAndIndefiniteLivedIntangibleAssetsExcludingGoodwillGross
42400000 USD
CY2014Q2 mei Finite Lived And Indefinite Lived Intangible Assets Excluding Goodwill Gross
FiniteLivedAndIndefiniteLivedIntangibleAssetsExcludingGoodwillGross
42500000 USD
CY2013Q4 mei Interest Expense Income Net
InterestExpenseIncomeNet
100000 USD
mei Interest Expense Income Net
InterestExpenseIncomeNet
200000 USD
CY2014Q4 mei Interest Expense Income Net
InterestExpenseIncomeNet
-100000 USD
mei Interest Expense Income Net
InterestExpenseIncomeNet
-200000 USD
CY2014Q2 mei Prepaid Expenses And Other Current Assets
PrepaidExpensesAndOtherCurrentAssets
12000000 USD
CY2014Q4 mei Prepaid Expenses And Other Current Assets
PrepaidExpensesAndOtherCurrentAssets
14800000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--05-02
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
dei Document Period End Date
DocumentPeriodEndDate
2014-11-01
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000065270
CY2014Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
39665861 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
METHODE ELECTRONICS INC

Files In Submission

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0000065270-14-000042-index-headers.html Edgar Link pending
0000065270-14-000042-index.html Edgar Link pending
0000065270-14-000042.txt Edgar Link pending
0000065270-14-000042-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
mei-20141101.xml Edgar Link completed
mei-20141101.xsd Edgar Link pending
mei-20141101_cal.xml Edgar Link unprocessable
mei-20141101_def.xml Edgar Link unprocessable
mei-20141101_lab.xml Edgar Link unprocessable
mei-20141101_pre.xml Edgar Link unprocessable
mei1101201410qq2.htm Edgar Link pending
meiexhibit31111012014.htm Edgar Link pending
meiexhibit31211012014.htm Edgar Link pending
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