$MEI
METHODE ELECTRONICS INC

2015 Q3 Form 10-Q Financial Statement

#000006527015000023 Filed on September 03, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2014 Q3
Revenue $203.3M $218.1M
YoY Change -6.79% 30.36%
Cost Of Revenue $149.7M $167.6M
YoY Change -10.68% 25.73%
Gross Profit $53.60M $50.50M
YoY Change 6.14% 48.53%
Gross Profit Margin 26.36% 23.15%
Selling, General & Admin $23.20M $22.20M
YoY Change 4.5% 17.46%
% of Gross Profit 43.28% 43.96%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.600M $5.600M
YoY Change 0.0% 7.69%
% of Gross Profit 10.45% 11.09%
Operating Expenses $23.20M $22.20M
YoY Change 4.5% 17.46%
Operating Profit $30.40M $28.30M
YoY Change 7.42% 87.42%
Interest Expense $200.0K $0.00
YoY Change -100.0%
% of Operating Profit 0.66% 0.0%
Other Income/Expense, Net $300.0K $100.0K
YoY Change 200.0% -200.0%
Pretax Income $30.90M $28.40M
YoY Change 8.8% 90.6%
Income Tax $7.400M $7.000M
% Of Pretax Income 23.95% 24.65%
Net Earnings $23.50M $21.40M
YoY Change 9.81% 57.35%
Net Earnings / Revenue 11.56% 9.81%
Basic Earnings Per Share $0.60 $0.56
Diluted Earnings Per Share $0.60 $0.55
COMMON SHARES
Basic Shares Outstanding 38.90M shares 38.46M shares
Diluted Shares Outstanding 39.03M shares 38.65M shares

Balance Sheet

Concept 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $167.9M $135.7M
YoY Change 23.73% 84.88%
Cash & Equivalents $167.9M $135.7M
Short-Term Investments
Other Short-Term Assets $29.80M $19.00M
YoY Change 56.84% 35.71%
Inventory $69.70M $74.10M
Prepaid Expenses
Receivables $159.7M $156.7M
Other Receivables $0.00 $0.00
Total Short-Term Assets $427.1M $385.5M
YoY Change 10.79% 31.92%
LONG-TERM ASSETS
Property, Plant & Equipment $89.90M $99.50M
YoY Change -9.65% -0.82%
Goodwill $1.600M $12.90M
YoY Change -87.6% -0.17%
Intangibles $10.70M $12.60M
YoY Change -15.08% -21.41%
Long-Term Investments
YoY Change
Other Assets $19.70M $16.40M
YoY Change 20.12% -56.28%
Total Long-Term Assets $70.80M $90.70M
YoY Change -21.94% 11.48%
TOTAL ASSETS
Total Short-Term Assets $427.1M $385.5M
Total Long-Term Assets $70.80M $90.70M
Total Assets $587.8M $575.7M
YoY Change 2.1% 21.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $68.00M $79.50M
YoY Change -14.47% 4.38%
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 $104.0M $119.0M
YoY Change -12.61% 15.19%
LONG-TERM LIABILITIES
Long-Term Debt $2.000M $38.00M
YoY Change -94.74% -27.62%
Other Long-Term Liabilities $3.900M $4.400M
YoY Change -11.36% 18.76%
Total Long-Term Liabilities $3.900M $4.400M
YoY Change -11.36% 18.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $104.0M $119.0M
Total Long-Term Liabilities $3.900M $4.400M
Total Liabilities $107.9M $123.4M
YoY Change -12.56% 15.32%
SHAREHOLDERS EQUITY
Retained Earnings $376.5M $287.1M
YoY Change 31.14% 46.95%
Common Stock $126.2M $112.5M
YoY Change 12.18% 9.29%
Preferred Stock
YoY Change
Treasury Stock (at cost) $18.40M $11.40M
YoY Change 61.4% 0.2%
Treasury Stock Shares 1.606M shares 1.342M shares
Shareholders Equity $469.9M $407.6M
YoY Change
Total Liabilities & Shareholders Equity $587.8M $575.7M
YoY Change 2.1% 21.48%

Cashflow Statement

Concept 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $23.50M $21.40M
YoY Change 9.81% 57.35%
Depreciation, Depletion And Amortization $5.600M $5.600M
YoY Change 0.0% 7.69%
Cash From Operating Activities $19.00M $33.20M
YoY Change -42.77% 281.61%
INVESTING ACTIVITIES
Capital Expenditures $5.900M $3.300M
YoY Change 78.79% -64.52%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$5.900M -$3.300M
YoY Change 78.79% -64.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $10.00M
YoY Change 81.82%
Cash From Financing Activities -$9.600M -$8.900M
YoY Change 7.87% -220.27%
NET CHANGE
Cash From Operating Activities $19.00M $33.20M
Cash From Investing Activities -$5.900M -$3.300M
Cash From Financing Activities -$9.600M -$8.900M
Net Change In Cash $3.500M $21.00M
YoY Change -83.33% 208.82%
FREE CASH FLOW
Cash From Operating Activities $19.00M $33.20M
Capital Expenditures $5.900M $3.300M
Free Cash Flow $13.10M $29.90M
YoY Change -56.19% -5083.33%

Facts In Submission

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UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
100000 USD
CY2015Q3 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
100000 USD
CY2014Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
183646 shares
CY2015Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
126055 shares
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38648204 shares
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39030798 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38464558 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38904743 shares

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