$MEI
METHODE ELECTRONICS INC

2017 Q1 Form 10-Q Financial Statement

#000006527017000006 Filed on March 02, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q2 2016 Q1
Revenue $195.6M $212.8M $184.6M
YoY Change 5.96% -6.38% -10.39%
Cost Of Revenue $142.2M $152.0M $137.0M
YoY Change 3.8% -13.29% -8.54%
Gross Profit $53.40M $60.80M $47.60M
YoY Change 12.18% 17.15% -15.3%
Gross Profit Margin 27.3% 28.57% 25.79%
Selling, General & Admin $23.70M $27.10M $26.10M
YoY Change -9.2% 8.84% 21.4%
% of Gross Profit 44.38% 44.57% 54.83%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.900M $6.100M $5.800M
YoY Change 1.72% 3.39% 5.45%
% of Gross Profit 11.05% 10.03% 12.18%
Operating Expenses $23.70M $29.50M $26.10M
YoY Change -9.2% 11.74% 21.4%
Operating Profit $29.10M $31.30M $21.50M
YoY Change 35.35% 22.75% -38.04%
Interest Expense $200.0K $0.00 $200.0K
YoY Change 0.0% -100.0% 0.0%
% of Operating Profit 0.69% 0.0% 0.93%
Other Income/Expense, Net $1.000M -$1.000M $1.000M
YoY Change 0.0% 233.33%
Pretax Income $30.30M $30.30M $22.70M
YoY Change 33.48% 34.67% -35.51%
Income Tax $6.600M $7.700M $5.500M
% Of Pretax Income 21.78% 25.41% 24.23%
Net Earnings $23.70M $22.70M $17.20M
YoY Change 37.79% -14.66% -36.53%
Net Earnings / Revenue 12.12% 10.67% 9.32%
Basic Earnings Per Share $0.64 $0.61 $0.45
Diluted Earnings Per Share $0.63 $0.61 $0.45
COMMON SHARES
Basic Shares Outstanding 37.22M shares 36.84M shares 38.16M shares
Diluted Shares Outstanding 37.47M shares 38.28M shares

Balance Sheet

Concept 2017 Q1 2016 Q2 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $268.8M $227.8M $202.3M
YoY Change 32.87% 35.51% 20.56%
Cash & Equivalents $268.8M $227.8M $202.3M
Short-Term Investments
Other Short-Term Assets $14.50M $25.40M $32.40M
YoY Change -55.25% -6.27% 78.02%
Inventory $62.00M $66.20M $72.40M
Prepaid Expenses
Receivables $153.8M $175.5M $146.6M
Other Receivables $0.00 $1.300M $0.00
Total Short-Term Assets $499.1M $496.2M $453.7M
YoY Change 10.01% 13.21% 9.3%
LONG-TERM ASSETS
Property, Plant & Equipment $87.70M $93.00M $91.90M
YoY Change -4.57% -0.32% -0.86%
Goodwill $1.600M $1.700M $1.600M
YoY Change 0.0% 0.0% -87.5%
Intangibles $7.200M $8.900M $9.500M
YoY Change -24.21% -21.24% -18.8%
Long-Term Investments
YoY Change
Other Assets $18.60M $66.70M $18.40M
YoY Change 1.09% 475.0% -9.8%
Total Long-Term Assets $80.20M $66.70M $67.00M
YoY Change 19.7% -10.11% -16.04%
TOTAL ASSETS
Total Short-Term Assets $499.1M $496.2M $453.7M
Total Long-Term Assets $80.20M $66.70M $67.00M
Total Assets $667.0M $655.9M $612.6M
YoY Change 8.88% 8.27% 4.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $67.70M $68.20M $64.30M
YoY Change 5.29% -2.71% -13.46%
Accrued Expenses $17.30M
YoY Change 0.58%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $111.2M $117.9M $109.3M
YoY Change 1.74% -9.72% -12.7%
LONG-TERM LIABILITIES
Long-Term Debt $37.00M $57.00M $55.00M
YoY Change -32.73% 1040.0% 175.0%
Other Long-Term Liabilities $2.100M $2.900M $3.400M
YoY Change -38.24% -27.5% -26.09%
Total Long-Term Liabilities $2.100M $2.900M $3.400M
YoY Change -38.24% -27.5% -26.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $111.2M $117.9M $109.3M
Total Long-Term Liabilities $2.100M $2.900M $3.400M
Total Liabilities $113.3M $120.8M $112.7M
YoY Change 0.53% -10.25% -13.17%
SHAREHOLDERS EQUITY
Retained Earnings $407.2M $358.6M $341.6M
YoY Change 19.2% 0.59% 2.49%
Common Stock $144.3M $131.4M $130.6M
YoY Change 10.49% 7.62% 11.91%
Preferred Stock
YoY Change
Treasury Stock (at cost) $11.50M $11.50M $11.50M
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares 1.347M shares 1.347M shares 1.347M shares
Shareholders Equity $507.9M $470.1M $437.1M
YoY Change
Total Liabilities & Shareholders Equity $667.0M $655.9M $612.6M
YoY Change 8.88% 8.27% 4.25%

Cashflow Statement

Concept 2017 Q1 2016 Q2 2016 Q1
OPERATING ACTIVITIES
Net Income $23.70M $22.70M $17.20M
YoY Change 37.79% -14.66% -36.53%
Depreciation, Depletion And Amortization $5.900M $6.100M $5.800M
YoY Change 1.72% 3.39% 5.45%
Cash From Operating Activities $43.00M $26.90M $34.70M
YoY Change 23.92% 88.11% -23.57%
INVESTING ACTIVITIES
Capital Expenditures -$3.700M -$6.000M -$7.700M
YoY Change -51.95% -38.14% 285.0%
Acquisitions
YoY Change
Other Investing Activities $1.600M
YoY Change -85.71%
Cash From Investing Activities -$3.700M -$4.400M -$7.700M
YoY Change -51.95% -393.33% 285.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -14.50M -5.600M -7.200M
YoY Change 101.39% -66.06% -46.27%
NET CHANGE
Cash From Operating Activities 43.00M 26.90M 34.70M
Cash From Investing Activities -3.700M -4.400M -7.700M
Cash From Financing Activities -14.50M -5.600M -7.200M
Net Change In Cash 24.80M 16.90M 19.80M
YoY Change 25.25% -2514.29% -34.0%
FREE CASH FLOW
Cash From Operating Activities $43.00M $26.90M $34.70M
Capital Expenditures -$3.700M -$6.000M -$7.700M
Free Cash Flow $46.70M $32.90M $42.40M
YoY Change 10.14% 37.08% -10.55%

Facts In Submission

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us-gaap Proceeds From Lines Of Credit
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63000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
500000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2700000 USD
CY2016Q1 us-gaap Profit Loss
ProfitLoss
17200000 USD
us-gaap Profit Loss
ProfitLoss
62000000 USD
CY2017Q1 us-gaap Profit Loss
ProfitLoss
23700000 USD
us-gaap Profit Loss
ProfitLoss
69700000 USD
CY2016Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
325900000 USD
CY2017Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
327600000 USD
CY2016Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
93000000 USD
CY2017Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
87700000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
13000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
20000000 USD
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
358600000 USD
CY2017Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
407200000 USD
CY2016Q1 us-gaap Sales Revenue Net
SalesRevenueNet
184600000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
596300000 USD
CY2017Q1 us-gaap Sales Revenue Net
SalesRevenueNet
195600000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
596700000 USD
CY2016Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
26100000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
73700000 USD
CY2017Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
24300000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
78200000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4800000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
9800000 USD
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
470100000 USD
CY2017Q1 us-gaap Stockholders Equity
StockholdersEquity
507900000 USD
CY2016Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
1346624 shares
CY2017Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
1346624 shares
CY2016Q2 us-gaap Treasury Stock Value
TreasuryStockValue
11500000 USD
CY2017Q1 us-gaap Treasury Stock Value
TreasuryStockValue
11500000 USD
CY2016Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
118442 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
128137 shares
CY2017Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
253351 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
180210 shares
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38278231 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38790624 shares
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37470653 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37477967 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38159789 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38662487 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37217302 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37297757 shares

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mei-20170128.xml Edgar Link completed
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