$MEI
METHODE ELECTRONICS INC

2016 Q3 Form 10-Q Financial Statement

#000006527016000066 Filed on September 01, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q3
Revenue $191.9M $203.3M
YoY Change -5.61% -6.79%
Cost Of Revenue $137.8M $149.7M
YoY Change -7.95% -10.68%
Gross Profit $54.10M $53.60M
YoY Change 0.93% 6.14%
Gross Profit Margin 28.19% 26.36%
Selling, General & Admin $26.80M $23.20M
YoY Change 15.52% 4.5%
% of Gross Profit 49.54% 43.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.200M $5.600M
YoY Change -7.14% 0.0%
% of Gross Profit 9.61% 10.45%
Operating Expenses $26.80M $23.20M
YoY Change 15.52% 4.5%
Operating Profit $26.70M $30.40M
YoY Change -12.17% 7.42%
Interest Expense $0.00 $200.0K
YoY Change -100.0%
% of Operating Profit 0.0% 0.66%
Other Income/Expense, Net $0.00 $300.0K
YoY Change -100.0% 200.0%
Pretax Income $26.70M $30.90M
YoY Change -13.59% 8.8%
Income Tax $5.500M $7.400M
% Of Pretax Income 20.6% 23.95%
Net Earnings $21.20M $23.50M
YoY Change -9.79% 9.81%
Net Earnings / Revenue 11.05% 11.56%
Basic Earnings Per Share $0.57 $0.60
Diluted Earnings Per Share $0.57 $0.60
COMMON SHARES
Basic Shares Outstanding 37.32M shares 38.90M shares
Diluted Shares Outstanding 37.47M shares 39.03M shares

Balance Sheet

Concept 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $249.3M $167.9M
YoY Change 48.48% 23.73%
Cash & Equivalents $249.3M $167.9M
Short-Term Investments
Other Short-Term Assets $16.60M $29.80M
YoY Change -44.3% 56.84%
Inventory $66.20M $69.70M
Prepaid Expenses
Receivables $155.8M $159.7M
Other Receivables $0.00 $0.00
Total Short-Term Assets $487.9M $427.1M
YoY Change 14.24% 10.79%
LONG-TERM ASSETS
Property, Plant & Equipment $90.30M $89.90M
YoY Change 0.44% -9.65%
Goodwill $1.700M $1.600M
YoY Change 6.25% -87.6%
Intangibles $8.400M $10.70M
YoY Change -21.5% -15.08%
Long-Term Investments
YoY Change
Other Assets $17.90M $19.70M
YoY Change -9.14% 20.12%
Total Long-Term Assets $77.90M $70.80M
YoY Change 10.03% -21.94%
TOTAL ASSETS
Total Short-Term Assets $487.9M $427.1M
Total Long-Term Assets $77.90M $70.80M
Total Assets $656.1M $587.8M
YoY Change 11.62% 2.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $69.30M $68.00M
YoY Change 1.91% -14.47%
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 $105.2M $104.0M
YoY Change 1.15% -12.61%
LONG-TERM LIABILITIES
Long-Term Debt $54.00M $2.000M
YoY Change 2600.0% -94.74%
Other Long-Term Liabilities $2.600M $3.900M
YoY Change -33.33% -11.36%
Total Long-Term Liabilities $2.600M $3.900M
YoY Change -33.33% -11.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $105.2M $104.0M
Total Long-Term Liabilities $2.600M $3.900M
Total Liabilities $107.8M $107.9M
YoY Change -0.09% -12.56%
SHAREHOLDERS EQUITY
Retained Earnings $376.2M $376.5M
YoY Change -0.08% 31.14%
Common Stock $136.3M $126.2M
YoY Change 8.0% 12.18%
Preferred Stock
YoY Change
Treasury Stock (at cost) $11.50M $18.40M
YoY Change -37.5% 61.4%
Treasury Stock Shares 1.347M shares 1.606M shares
Shareholders Equity $485.9M $469.9M
YoY Change
Total Liabilities & Shareholders Equity $656.1M $587.8M
YoY Change 11.62% 2.1%

Cashflow Statement

Concept 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $21.20M $23.50M
YoY Change -9.79% 9.81%
Depreciation, Depletion And Amortization $5.200M $5.600M
YoY Change -7.14% 0.0%
Cash From Operating Activities $34.40M $19.00M
YoY Change 81.05% -42.77%
INVESTING ACTIVITIES
Capital Expenditures $4.200M $5.900M
YoY Change -28.81% 78.79%
Acquisitions $0.00
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$4.200M -$5.900M
YoY Change -28.81% 78.79%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$5.400M -$9.600M
YoY Change -43.75% 7.87%
NET CHANGE
Cash From Operating Activities $34.40M $19.00M
Cash From Investing Activities -$4.200M -$5.900M
Cash From Financing Activities -$5.400M -$9.600M
Net Change In Cash $24.80M $3.500M
YoY Change 608.57% -83.33%
FREE CASH FLOW
Cash From Operating Activities $34.40M $19.00M
Capital Expenditures $4.200M $5.900M
Free Cash Flow $30.20M $13.10M
YoY Change 130.53% -56.19%

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Files In Submission

Name View Source Status
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0000065270-16-000066-index.html Edgar Link pending
0000065270-16-000066.txt Edgar Link pending
0000065270-16-000066-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
mei-20160730.xml Edgar Link completed
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