$MRCY
MERCURY SYSTEMS INC Stock $mrcy

$mrcy Overview Financials Valuation SEC Filings Company Website

2018 Q3 Form 10-Q Financial Statement

#000104952118000045 Filed on November 08, 2018

Income Statement

Concept	2018 Q3	2017 Q3
Revenue	$144.1M	$144.1M
YoY Change	0.0%	35.81%
Cost Of Revenue	$82.47M	$55.40M
YoY Change	48.88%	14.92%
Gross Profit	$61.58M	$61.58M
YoY Change	0.0%	21.53%
Gross Profit Margin	42.75%	42.75%
Selling, General & Admin	$24.74M	$20.57M
YoY Change	20.29%	17.24%
% of Gross Profit	40.18%	33.4%
Research & Development	$14.95M	$13.74M
YoY Change	8.78%	7.04%
% of Gross Profit	24.27%	22.31%
Depreciation & Amortization	$11.55M	$9.337M
YoY Change	23.66%	27.55%
% of Gross Profit	18.75%	15.16%
Operating Expenses	$47.77M	$40.30M
YoY Change	18.53%	12.89%
Operating Profit	$13.81M	$13.81M
YoY Change	0.0%	33.16%
Interest Expense	$2.259M	$3.000K
YoY Change	75200.0%	-99.84%
% of Operating Profit	16.36%	0.02%
Other Income/Expense, Net	-$1.009M	-$815.0K
YoY Change	23.8%	-235.83%
Pretax Income	$10.61M	$10.61M
YoY Change	0.0%	10.82%
Income Tax	$3.129M	$3.129M
% Of Pretax Income	29.5%	29.5%
Net Earnings	$7.479M	$7.479M
YoY Change	0.0%	-58.34%
Net Earnings / Revenue	5.19%	5.19%
Basic Earnings Per Share	$0.16	$0.16
Diluted Earnings Per Share	$0.35	$0.16
COMMON SHARES
Basic Shares Outstanding	47.05M shares	46.50M shares
Diluted Shares Outstanding	47.70M shares	47.49M shares

Balance Sheet

Concept	2018 Q3	2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$72.90M	$26.10M
YoY Change	179.31%	-66.24%
Cash & Equivalents	$72.87M	$26.07M
Short-Term Investments
Other Short-Term Assets	$16.30M	$11.20M
YoY Change	45.54%	6.67%
Inventory	$121.2M	$93.27M
Prepaid Expenses
Receivables	$113.9M	$89.04M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$364.2M	$252.0M
YoY Change	44.52%	8.64%
LONG-TERM ASSETS
Property, Plant & Equipment	$50.83M	$51.60M
YoY Change	-1.5%	64.47%
Goodwill	$520.6M	$384.2M
YoY Change	35.5%	11.52%
Intangibles	$183.6M	$126.5M
YoY Change	45.14%	12.88%
Long-Term Investments
YoY Change
Other Assets	$7.771M	$8.291M
YoY Change	-6.27%	271.63%
Total Long-Term Assets	$762.8M	$570.6M
YoY Change	33.68%	16.4%
TOTAL ASSETS
Total Short-Term Assets	$364.2M	$252.0M
Total Long-Term Assets	$762.8M	$570.6M
Total Assets	$1.127B	$822.6M
YoY Change	37.0%	13.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$25.73M	$42.23M
YoY Change	-39.07%	118.98%
Accrued Expenses	$15.14M	$10.64M
YoY Change	42.34%	18.61%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$82.76M	$75.32M
YoY Change	9.88%	34.08%
LONG-TERM LIABILITIES
Long-Term Debt	$240.0M	$0.00
YoY Change		-100.0%
Other Long-Term Liabilities	$11.45M	$11.50M
YoY Change	-0.44%	1140.88%
Total Long-Term Liabilities	$11.45M	$11.50M
YoY Change	-0.44%	1140.88%
TOTAL LIABILITIES
Total Short-Term Liabilities	$82.76M	$75.32M
Total Long-Term Liabilities	$11.45M	$11.50M
Total Liabilities	$350.4M	$88.32M
YoY Change	296.67%	-64.33%
SHAREHOLDERS EQUITY
Retained Earnings	$187.4M	$157.0M
YoY Change	19.36%	33.05%
Common Stock	$472.0K	$467.0K
YoY Change	1.07%	19.44%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$776.6M	$734.3M
YoY Change
Total Liabilities & Shareholders Equity	$1.127B	$822.6M
YoY Change	37.0%	13.91%

Cashflow Statement

Concept	2018 Q3	2017 Q3
OPERATING ACTIVITIES
Net Income	$7.479M	$7.479M
YoY Change	0.0%	-58.34%
Depreciation, Depletion And Amortization	$11.55M	$9.337M
YoY Change	23.66%	27.55%
Cash From Operating Activities	$20.03M	$8.028M
YoY Change	149.49%	-21.93%
INVESTING ACTIVITIES
Capital Expenditures	$3.727M	$3.628M
YoY Change	2.73%	-40.03%
Acquisitions	$46.27M	$6.000M
YoY Change	671.22%
Other Investing Activities	$0.00	$374.0K
YoY Change	-100.0%	236.94%
Cash From Investing Activities	-$50.00M	-$10.00M
YoY Change	399.9%	62.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$6.812M	$13.55M
YoY Change	-49.72%	121.08%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$36.34M	-$13.55M
YoY Change	-368.21%	58.49%
NET CHANGE
Cash From Operating Activities	$20.03M	$8.028M
Cash From Investing Activities	-$50.00M	-$10.00M
Cash From Financing Activities	$36.34M	-$13.55M
Net Change In Cash	$6.366M	-$15.52M
YoY Change	-141.01%	250.7%
FREE CASH FLOW
Cash From Operating Activities	$20.03M	$8.028M
Capital Expenditures	$3.727M	$3.628M
Free Cash Flow	$16.30M	$4.400M
YoY Change	270.5%	3.95%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2018Q3	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--06-30
CY2018Q3	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2018Q3	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2019
CY2018Q3	dei	Document Period End Date DocumentPeriodEndDate	2018-09-30
CY2018Q3	dei	Document Type DocumentType	10-Q
CY2018Q3	dei	Entity Central Index Key EntityCentralIndexKey	0001049521
CY2018Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	48401205	shares
CY2018Q3	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2018Q3	dei	Entity Registrant Name EntityRegistrantName	MERCURY SYSTEMS INC
CY2018Q3	dei	Trading Symbol TradingSymbol	MRCY
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CY2018Q3	mrcy	Natureof Business Numberof Programs Using Productsand Services NatureofBusinessNumberofProgramsUsingProductsandServices	300	program
CY2018Q3	mrcy	Percentage Of Revenue Recognized PercentageOfRevenueRecognized	0.64
CY2018Q3	mrcy	Restructuring Expense Reversal RestructuringExpenseReversal	16000	USD
CY2018Q3	mrcy	Tax Cuts And Jobs Act Of2017 Change In Tax Rate Deferred Tax Asset Income Tax Expense Benefit TaxCutsAndJobsActOf2017ChangeInTaxRateDeferredTaxAssetIncomeTaxExpenseBenefit	1711000	USD
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CY2018Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-377000	USD
CY2017Q3	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-378000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-30000	USD
CY2018Q3	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	15000	USD
CY2018Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	11276000	USD
CY2018Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	11452000	USD
CY2018Q3	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-1222000	USD
CY2017Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-815000	USD
CY2018Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-1009000	USD
CY2017Q3	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	374000	USD
CY2018Q3	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	0	USD
CY2017Q3	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	13548000	USD
CY2018Q3	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	6812000	USD
CY2018Q3	us-gaap	Payments For Restructuring PaymentsForRestructuring	1313000	USD
CY2017Q3	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	0	USD
CY2018Q3	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	1851000	USD
CY2017Q3	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	6000000	USD
CY2018Q3	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	46273000	USD
CY2017Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	3628000	USD
CY2018Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	3727000	USD
CY2018Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2018Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2018Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2018Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2018Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2018Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2018Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2018Q3	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2018Q2	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2018Q3	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2018Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	9062000	USD
CY2018Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	9521000	USD
CY2018Q2	us-gaap	Prepaid Taxes PrepaidTaxes	3761000	USD
CY2018Q3	us-gaap	Prepaid Taxes PrepaidTaxes	6736000	USD
CY2017Q3	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	0	USD
CY2018Q3	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	45000000	USD
CY2018Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	50980000	USD
CY2018Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	50829000	USD
CY2017Q3	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	13742000	USD
CY2018Q3	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	14948000	USD
CY2017Q3	us-gaap	Restructuring Charges RestructuringCharges	95000	USD
CY2018Q3	us-gaap	Restructuring Charges RestructuringCharges	504000	USD
CY2018Q2	us-gaap	Restructuring Reserve Current RestructuringReserveCurrent	1801000	USD
CY2018Q3	us-gaap	Restructuring Reserve Current RestructuringReserveCurrent	992000	USD
CY2018Q3	us-gaap	Restructuring Settlement And Impairment Provisions RestructuringSettlementAndImpairmentProvisions	520000	USD
CY2018Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	179968000	USD
CY2018Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	187447000	USD
CY2017Q3	us-gaap	Revenues Revenues	106069000	USD
CY2018Q3	us-gaap	Revenues Revenues	144056000	USD
CY2018Q2	us-gaap	Secured Long Term Debt SecuredLongTermDebt	195000000	USD
CY2018Q3	us-gaap	Secured Long Term Debt SecuredLongTermDebt	240000000	USD
CY2017Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	20568000	USD
CY2018Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	24741000	USD
CY2017Q3	us-gaap	Share Based Compensation ShareBasedCompensation	4621000	USD
CY2018Q3	us-gaap	Share Based Compensation ShareBasedCompensation	4679000	USD
CY2018Q2	us-gaap	Stockholders Equity StockholdersEquity	771891000	USD
CY2018Q3	us-gaap	Stockholders Equity StockholdersEquity	776621000	USD
CY2017Q3	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	985000	shares
CY2018Q3	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	649000	shares
CY2017Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	47489000	shares
CY2018Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	47697000	shares
CY2017Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	46504000	shares
CY2018Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	47048000	shares
CY2018Q3	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 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-35, Reaper, F-16 SABR, E2D Hawkeye, Paveway, Filthy Buzzard, PGK, ProVision, P1, AIDEWS, CDS, and Win-T. 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>
CY2018Q3	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
0001049521-18-000045-index-headers.html	Edgar Link	pending
0001049521-18-000045-index.html	Edgar Link	pending
0001049521-18-000045.txt	Edgar Link	pending
0001049521-18-000045-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
mrcy-09302018xexx311.htm	Edgar Link	pending
mrcy-09302018xexx312.htm	Edgar Link	pending
mrcy-09302018xexx321.htm	Edgar Link	pending
mrcy-20180930.xml	Edgar Link	completed
mrcy-20180930.xsd	Edgar Link	pending
mrcy-20180930_cal.xml	Edgar Link	unprocessable
mrcy-20180930_def.xml	Edgar Link	unprocessable
mrcy-20180930_lab.xml	Edgar Link	unprocessable
mrcy-20180930_pre.xml	Edgar Link	unprocessable
mrcy09302018-10q.htm	Edgar Link	pending
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report.css	Edgar Link	pending
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$MRCY
MERCURY SYSTEMS INC Stock $mrcy

2018 Q3 Form 10-Q Financial Statement

#000104952118000045 Filed on November 08, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

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$MRCY MERCURY SYSTEMS INC Stock $mrcy

2018 Q3 Form 10-Q Financial Statement

#000104952118000045 Filed on November 08, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MRCY
MERCURY SYSTEMS INC Stock $mrcy