$MEI
METHODE ELECTRONICS INC

2016 Q4 Form 10-Q Financial Statement

#000006527016000076 Filed on December 08, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2015 Q4
Revenue $209.3M $208.4M
YoY Change 0.43% -9.27%
Cost Of Revenue $153.7M $157.5M
YoY Change -2.41% -7.08%
Gross Profit $55.60M $50.90M
YoY Change 9.23% -15.45%
Gross Profit Margin 26.56% 24.42%
Selling, General & Admin $25.90M $24.50M
YoY Change 5.71% -3.54%
% of Gross Profit 46.58% 48.13%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.900M $5.800M
YoY Change 1.72% -3.33%
% of Gross Profit 10.61% 11.39%
Operating Expenses $25.90M $24.50M
YoY Change 5.71% -3.54%
Operating Profit $29.10M $26.40M
YoY Change 10.23% -24.14%
Interest Expense $100.0K $300.0K
YoY Change -66.67% 200.0%
% of Operating Profit 0.34% 1.14%
Other Income/Expense, Net $1.900M $200.0K
YoY Change 850.0% -200.0%
Pretax Income $31.10M $26.90M
YoY Change 15.61% -22.48%
Income Tax $6.200M $5.700M
% Of Pretax Income 19.94% 21.19%
Net Earnings $24.90M $21.20M
YoY Change 17.45% -18.46%
Net Earnings / Revenue 11.9% 10.17%
Basic Earnings Per Share $0.66 $0.55
Diluted Earnings Per Share $0.66 $0.54
COMMON SHARES
Basic Shares Outstanding 37.35M shares 38.97M shares
Diluted Shares Outstanding 37.54M shares 39.08M shares

Balance Sheet

Concept 2016 Q4 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $249.6M $186.6M
YoY Change 33.76% 29.4%
Cash & Equivalents $249.6M $186.6M
Short-Term Investments
Other Short-Term Assets $14.90M $32.40M
YoY Change -54.01% 55.77%
Inventory $60.60M $66.20M
Prepaid Expenses
Receivables $172.0M $165.2M
Other Receivables $0.00 $0.00
Total Short-Term Assets $497.1M $450.4M
YoY Change 10.37% 9.11%
LONG-TERM ASSETS
Property, Plant & Equipment $88.80M $90.50M
YoY Change -1.88% -6.31%
Goodwill $1.600M $1.600M
YoY Change 0.0% -87.6%
Intangibles $7.800M $10.10M
YoY Change -22.77% -17.21%
Long-Term Investments
YoY Change
Other Assets $18.90M $19.00M
YoY Change -0.53% -5.94%
Total Long-Term Assets $80.60M $69.00M
YoY Change 16.81% -17.95%
TOTAL ASSETS
Total Short-Term Assets $497.1M $450.4M
Total Long-Term Assets $80.60M $69.00M
Total Assets $666.5M $609.9M
YoY Change 9.28% 2.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $75.90M $71.20M
YoY Change 6.6% -13.59%
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 $113.9M $111.5M
YoY Change 2.15% -14.23%
LONG-TERM LIABILITIES
Long-Term Debt $49.00M $22.00M
YoY Change 122.73% -26.67%
Other Long-Term Liabilities $2.400M $3.900M
YoY Change -38.46% -7.14%
Total Long-Term Liabilities $2.400M $3.900M
YoY Change -38.46% -7.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $113.9M $111.5M
Total Long-Term Liabilities $2.400M $3.900M
Total Liabilities $116.3M $115.4M
YoY Change 0.78% -14.01%
SHAREHOLDERS EQUITY
Retained Earnings $387.2M $364.1M
YoY Change 6.34% 17.57%
Common Stock $140.2M $128.4M
YoY Change 9.19% 11.17%
Preferred Stock
YoY Change
Treasury Stock (at cost) $11.50M $11.50M
YoY Change 0.0% 0.0%
Treasury Stock Shares 1.347M shares 1.347M shares
Shareholders Equity $492.8M $464.6M
YoY Change
Total Liabilities & Shareholders Equity $666.5M $609.9M
YoY Change 9.28% 2.76%

Cashflow Statement

Concept 2016 Q4 2015 Q4
OPERATING ACTIVITIES
Net Income $24.90M $21.20M
YoY Change 17.45% -18.46%
Depreciation, Depletion And Amortization $5.900M $5.800M
YoY Change 1.72% -3.33%
Cash From Operating Activities $29.30M $30.10M
YoY Change -2.66% 0.33%
INVESTING ACTIVITIES
Capital Expenditures -$5.300M -$3.600M
YoY Change 47.22% -52.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$5.300M -$3.600M
YoY Change 47.22% -52.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -18.10M -6.300M
YoY Change 187.3% -35.05%
NET CHANGE
Cash From Operating Activities 29.30M 30.10M
Cash From Investing Activities -5.300M -3.600M
Cash From Financing Activities -18.10M -6.300M
Net Change In Cash 5.900M 20.20M
YoY Change -70.79% 57.81%
FREE CASH FLOW
Cash From Operating Activities $29.30M $30.10M
Capital Expenditures -$5.300M -$3.600M
Free Cash Flow $34.60M $33.70M
YoY Change 2.67% -10.13%

Facts In Submission

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401100000 USD
CY2015Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
24500000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
47600000 USD
CY2016Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
26500000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
54000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2200000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
7000000 USD
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
470100000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
492800000 USD
CY2016Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
1346624 shares
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1346624 shares
CY2016Q2 us-gaap Treasury Stock Value
TreasuryStockValue
11500000 USD
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
11500000 USD
CY2015Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
104909 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
117588 shares
CY2016Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
187827 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
156234 shares
CY2015Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39077839 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39031424 shares
CY2016Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37541250 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37494219 shares
CY2015Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38972930 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38913836 shares
CY2016Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37353423 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37337985 shares

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