$MRCY
MERCURY SYSTEMS INC Stock $mrcy

$mrcy Overview Financials Valuation SEC Filings Company Website

2017 Q3 Form 10-Q Financial Statement

#000104952117000060 Filed on November 02, 2017

Income Statement

Concept	2017 Q3	2016 Q3
Revenue	$144.1M	$106.1M
YoY Change	35.81%	81.6%
Cost Of Revenue	$55.40M	$48.21M
YoY Change	14.92%	60.11%
Gross Profit	$61.58M	$50.67M
YoY Change	21.53%	79.05%
Gross Profit Margin	42.75%	47.77%
Selling, General & Admin	$20.57M	$17.54M
YoY Change	17.24%	44.68%
% of Gross Profit	33.4%	34.62%
Research & Development	$13.74M	$12.84M
YoY Change	7.04%	44.8%
% of Gross Profit	22.31%	25.33%
Depreciation & Amortization	$9.337M	$7.320M
YoY Change	27.55%	121.75%
% of Gross Profit	15.16%	14.45%
Operating Expenses	$40.30M	$35.70M
YoY Change	12.89%	41.84%
Operating Profit	$13.81M	$10.37M
YoY Change	33.16%	231.24%
Interest Expense	$3.000K	$1.822M
YoY Change	-99.84%	91000.0%
% of Operating Profit	0.02%	17.57%
Other Income/Expense, Net	-$815.0K	$600.0K
YoY Change	-235.83%	745.07%
Pretax Income	$10.61M	$9.572M
YoY Change	10.82%	196.9%
Income Tax	$3.129M	-$8.381M
% Of Pretax Income	29.5%	-87.56%
Net Earnings	$7.479M	$17.95M
YoY Change	-58.34%	528.61%
Net Earnings / Revenue	5.19%	16.93%
Basic Earnings Per Share	$0.16	$0.39
Diluted Earnings Per Share	$0.16	$0.38
COMMON SHARES
Basic Shares Outstanding	46.50M shares	38.87M shares
Diluted Shares Outstanding	47.49M shares	39.87M shares

Balance Sheet

Concept	2017 Q3	2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$26.10M	$77.30M
YoY Change	-66.24%	-2.28%
Cash & Equivalents	$26.07M	$77.31M
Short-Term Investments
Other Short-Term Assets	$11.20M	$10.50M
YoY Change	6.67%	-49.28%
Inventory	$93.27M	$58.44M
Prepaid Expenses
Receivables	$89.04M	$62.16M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$252.0M	$232.0M
YoY Change	8.64%	15.48%
LONG-TERM ASSETS
Property, Plant & Equipment	$51.60M	$31.38M
YoY Change	64.47%	132.54%
Goodwill	$384.2M	$344.5M
YoY Change	11.52%	104.9%
Intangibles	$126.5M	$112.1M
YoY Change	12.88%	580.46%
Long-Term Investments
YoY Change
Other Assets	$8.291M	$2.231M
YoY Change	271.63%	3.86%
Total Long-Term Assets	$570.6M	$490.2M
YoY Change	16.4%	144.46%
TOTAL ASSETS
Total Short-Term Assets	$252.0M	$232.0M
Total Long-Term Assets	$570.6M	$490.2M
Total Assets	$822.6M	$722.2M
YoY Change	13.91%	79.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$42.23M	$19.28M
YoY Change	118.98%	12.2%
Accrued Expenses	$10.64M	$8.970M
YoY Change	18.61%	-1.89%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due		$10.00M
YoY Change
Total Short-Term Liabilities	$75.32M	$56.17M
YoY Change	34.08%	31.37%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$180.2M
YoY Change	-100.0%
Other Long-Term Liabilities	$11.50M	$927.0K
YoY Change	1140.88%	-25.06%
Total Long-Term Liabilities	$11.50M	$927.0K
YoY Change	1140.88%	-25.06%
TOTAL LIABILITIES
Total Short-Term Liabilities	$75.32M	$56.17M
Total Long-Term Liabilities	$11.50M	$927.0K
Total Liabilities	$88.32M	$247.6M
YoY Change	-64.33%	407.9%
SHAREHOLDERS EQUITY
Retained Earnings	$157.0M	$118.0M
YoY Change	33.05%	22.4%
Common Stock	$467.0K	$391.0K
YoY Change	19.44%	18.48%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$734.3M	$474.5M
YoY Change
Total Liabilities & Shareholders Equity	$822.6M	$722.2M
YoY Change	13.91%	79.92%

Cashflow Statement

Concept	2017 Q3	2016 Q3
OPERATING ACTIVITIES
Net Income	$7.479M	$17.95M
YoY Change	-58.34%	528.61%
Depreciation, Depletion And Amortization	$9.337M	$7.320M
YoY Change	27.55%	121.75%
Cash From Operating Activities	$8.028M	$10.28M
YoY Change	-21.93%	56.23%
INVESTING ACTIVITIES
Capital Expenditures	$3.628M	$6.050M
YoY Change	-40.03%	224.05%
Acquisitions	$6.000M	$0.00
YoY Change
Other Investing Activities	$374.0K	$111.0K
YoY Change	236.94%	-40.0%
Cash From Investing Activities	-$10.00M	-$6.161M
YoY Change	62.34%	200.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$13.55M	$6.128M
YoY Change	121.08%	65.26%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$13.55M	-$8.548M
YoY Change	58.49%	177.62%
NET CHANGE
Cash From Operating Activities	$8.028M	$10.28M
Cash From Investing Activities	-$10.00M	-$6.161M
Cash From Financing Activities	-$13.55M	-$8.548M
Net Change In Cash	-$15.52M	-$4.426M
YoY Change	250.7%	-405.03%
FREE CASH FLOW
Cash From Operating Activities	$8.028M	$10.28M
Capital Expenditures	$3.628M	$6.050M
Free Cash Flow	$4.400M	$4.233M
YoY Change	3.95%	-10.22%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2017Q3	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--06-30
CY2017Q3	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2017Q3	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2018
CY2017Q3	dei	Document Period End Date DocumentPeriodEndDate	2017-09-30
CY2017Q3	dei	Document Type DocumentType	10-Q
CY2017Q3	dei	Entity Central Index Key EntityCentralIndexKey	0001049521
CY2017Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	48241475	shares
CY2017Q3	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2017Q3	dei	Entity Registrant Name EntityRegistrantName	MERCURY SYSTEMS INC
CY2017Q3	dei	Trading Symbol TradingSymbol	MRCY
CY2017Q3	mrcy	Natureof Business Numberof Defense Prime Contractors Using Productsand Services NatureofBusinessNumberofDefensePrimeContractorsUsingProductsandServices	25	contractor
CY2017Q3	mrcy	Natureof Business Numberof Programs Using Productsand Services NatureofBusinessNumberofProgramsUsingProductsandServices	300	program
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CY2016Q3	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	USD
CY2017Q3	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	6000000	USD
CY2016Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	6050000	USD
CY2017Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	3628000	USD
CY2017Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2017Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2017Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2017Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2017Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2017Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2017Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2017Q3	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2017Q2	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2017Q3	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2017Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	8381000	USD
CY2017Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	9114000	USD
CY2017Q2	us-gaap	Prepaid Taxes PrepaidTaxes	1434000	USD
CY2017Q3	us-gaap	Prepaid Taxes PrepaidTaxes	2085000	USD
CY2016Q3	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	80000	USD
CY2017Q3	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	0	USD
CY2017Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	51643000	USD
CY2017Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	51603000	USD
CY2016Q3	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	2500000	USD
CY2017Q3	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	0	USD
CY2016Q3	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	12838000	USD
CY2017Q3	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	13742000	USD
CY2016Q3	us-gaap	Restructuring Charges RestructuringCharges	297000	USD
CY2017Q3	us-gaap	Restructuring Charges RestructuringCharges	95000	USD
CY2017Q2	us-gaap	Restructuring Reserve Current RestructuringReserveCurrent	1365000	USD
CY2017Q3	us-gaap	Restructuring Reserve Current RestructuringReserveCurrent	1277000	USD
CY2017Q3	us-gaap	Restructuring Settlement And Impairment Provisions RestructuringSettlementAndImpairmentProvisions	95000	USD
CY2017Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	139085000	USD
CY2017Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	157038000	USD
CY2016Q3	us-gaap	Revenues Revenues	87649000	USD
CY2017Q3	us-gaap	Revenues Revenues	106069000	USD
CY2016Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	17544000	USD
CY2017Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	20568000	USD
CY2016Q3	us-gaap	Share Based Compensation ShareBasedCompensation	3632000	USD
CY2017Q3	us-gaap	Share Based Compensation ShareBasedCompensation	4621000	USD
CY2017Q2	us-gaap	Stockholders Equity StockholdersEquity	725417000	USD
CY2017Q3	us-gaap	Stockholders Equity StockholdersEquity	734268000	USD
CY2016Q3	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	1000000	shares
CY2017Q3	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	985000	shares
CY2016Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	39865000	shares
CY2017Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	47489000	shares
CY2016Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	38865000	shares
CY2017Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	46504000	shares
CY2017Q3	us-gaap	Nature Of Operations NatureOfOperations	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Description of Business</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mercury Systems, Inc. (the “Company” or “Mercury”) is a leading commercial provider of secure sensor and safety critical mission processing subsystems. Optimized for customer and mission success, its solutions power a wide variety of critical defense and intelligence programs. Headquartered in Andover, Massachusetts, it is pioneering a next-generation defense electronics business model specifically designed to meet the industry's current and emerging technology and business needs. The Company delivers affordable innovative solutions, rapid time-to-value and service and support primarily to defense prime contractor customers. The Company's products and solutions have been deployed in more than </font><font style="font-family:inherit;font-size:10pt;">300</font><font style="font-family:inherit;font-size:10pt;"> programs with over </font><font style="font-family:inherit;font-size:10pt;">25</font><font style="font-family:inherit;font-size:10pt;"> different defense prime contractors. Key programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program ("SEWIP"), Gorgon Stare, Predator, F-16 SABR, F-35, E2D Hawkeye, Reaper and Paveway. The Company's organizational structure allows it to deliver capabilities that combine technology building blocks and deep domain expertise in the aerospace and defense sector.</font></div></div>
CY2017Q3	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">U</font><font style="font-family:inherit;font-size:8pt;">SE</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:8pt;">OF</font><font style="font-family:inherit;font-size:10pt;"> E</font><font style="font-family:inherit;font-size:8pt;">STIMATES</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.</font></div></div>

Files In Submission

Name	View Source	Status
0001049521-17-000060-index-headers.html	Edgar Link	pending
0001049521-17-000060-index.html	Edgar Link	pending
0001049521-17-000060.txt	Edgar Link	pending
0001049521-17-000060-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
mrcy-20170930.xml	Edgar Link	completed
mrcy-20170930.xsd	Edgar Link	pending
mrcy-20170930_cal.xml	Edgar Link	unprocessable
mrcy-20170930_def.xml	Edgar Link	unprocessable
mrcy-20170930_lab.xml	Edgar Link	unprocessable
mrcy-20170930_pre.xml	Edgar Link	unprocessable
mrcy-9302017xexx311.htm	Edgar Link	pending
mrcy-9302017xexx312.htm	Edgar Link	pending
mrcy-9302017xexx321.htm	Edgar Link	pending
mrcy9302017-10q.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$MRCY
MERCURY SYSTEMS INC Stock $mrcy

2017 Q3 Form 10-Q Financial Statement

#000104952117000060 Filed on November 02, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

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$MRCY MERCURY SYSTEMS INC Stock $mrcy

2017 Q3 Form 10-Q Financial Statement

#000104952117000060 Filed on November 02, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MRCY
MERCURY SYSTEMS INC Stock $mrcy