$MRCY
MERCURY SYSTEMS INC

2022 Q1 Form 10-Q Financial Statement

#000104952122000010 Filed on February 08, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021 Q1
Revenue $220.4M $210.7M
YoY Change 7.18% 1.28%
Cost Of Revenue $133.2M $122.0M
YoY Change 13.32% 6.38%
Gross Profit $87.22M $88.67M
YoY Change -1.02% -4.99%
Gross Profit Margin 39.58% 42.09%
Selling, General & Admin $36.81M $31.60M
YoY Change 11.87% -7.05%
% of Gross Profit 42.2% 35.63%
Research & Development $28.34M $28.13M
YoY Change 3.35% 12.66%
% of Gross Profit 32.49% 31.72%
Depreciation & Amortization $21.49M $13.30M
YoY Change 65.35% 4.72%
% of Gross Profit 24.64% 15.0%
Operating Expenses $87.61M $70.55M
YoY Change 26.33% 5.33%
Operating Profit -$387.0K $18.11M
YoY Change -102.06% -31.24%
Interest Expense $1.094M $73.00K
YoY Change 25.86%
% of Operating Profit 0.4%
Other Income/Expense, Net -$1.318M -$981.0K
YoY Change 55.79% -144.88%
Pretax Income -$2.794M $17.12M
YoY Change -115.53% -40.82%
Income Tax -$155.0K $4.433M
% Of Pretax Income 25.9%
Net Earnings -$2.639M $12.69M
YoY Change -116.7% -46.17%
Net Earnings / Revenue -1.2% 6.02%
Basic Earnings Per Share -$0.05 $0.23
Diluted Earnings Per Share -$0.05 $0.23
COMMON SHARES
Basic Shares Outstanding 56.75M shares 55.52M shares 55.07M shares
Diluted Shares Outstanding 55.52M shares 55.43M shares

Balance Sheet

Concept 2022 Q1 2021 Q4 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $95.80M $109.1M
YoY Change -59.93% -73.2%
Cash & Equivalents $105.2M $109.1M
Short-Term Investments
Other Short-Term Assets $30.28M $78.00M
YoY Change 27.76% 529.03%
Inventory $251.3M $218.4M
Prepaid Expenses
Receivables $126.3M $120.9M
Other Receivables $0.00 $0.00
Total Short-Term Assets $708.8M $645.7M
YoY Change 4.74% -18.82%
LONG-TERM ASSETS
Property, Plant & Equipment $127.4M $125.4M
YoY Change 34.45% 59.41%
Goodwill $942.3M $783.3M
YoY Change 53.37% 27.4%
Intangibles $376.1M $310.3M
YoY Change 87.27% 43.32%
Long-Term Investments
YoY Change
Other Assets $4.186M $5.266M
YoY Change -7.0% 3.36%
Total Long-Term Assets $1.522B $1.303B
YoY Change 55.86% 33.51%
TOTAL ASSETS
Total Short-Term Assets $708.8M $645.7M
Total Long-Term Assets $1.522B $1.303B
Total Assets $2.231B $1.949B
YoY Change 34.94% 10.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $59.39M $48.18M
YoY Change -5.82% -3.82%
Accrued Expenses $31.39M $26.54M
YoY Change 24.95% 7.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $163.7M $211.9M
YoY Change 11.64% 73.63%
LONG-TERM LIABILITIES
Long-Term Debt $200.0M $160.0M
YoY Change -20.0%
Other Long-Term Liabilities $15.65M $15.46M
YoY Change 2.41% 26.26%
Total Long-Term Liabilities $15.65M $15.46M
YoY Change 2.41% 26.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $163.7M $211.9M
Total Long-Term Liabilities $15.65M $15.46M
Total Liabilities $743.7M $518.5M
YoY Change 203.17% 22.82%
SHAREHOLDERS EQUITY
Retained Earnings $364.7M $340.9M
YoY Change 11.11% 19.53%
Common Stock $556.0K $551.0K
YoY Change 1.09% 0.92%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.487B $1.431B
YoY Change
Total Liabilities & Shareholders Equity $2.231B $1.949B
YoY Change 34.94% 10.02%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021 Q1
OPERATING ACTIVITIES
Net Income -$2.639M $12.69M
YoY Change -116.7% -46.17%
Depreciation, Depletion And Amortization $21.49M $13.30M
YoY Change 65.35% 4.72%
Cash From Operating Activities -$2.006M $24.00M
YoY Change -108.75% -20.27%
INVESTING ACTIVITIES
Capital Expenditures $5.377M -$13.80M
YoY Change -51.02% 26.61%
Acquisitions
YoY Change
Other Investing Activities $3.237M -$242.1M
YoY Change -5730.23%
Cash From Investing Activities -$8.614M -$255.9M
YoY Change -21.53% 3777.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $7.316M
YoY Change 10984.85%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$7.316M 163.2M
YoY Change 11331.25% -19.05%
NET CHANGE
Cash From Operating Activities -$2.006M 24.00M
Cash From Investing Activities -$8.614M -255.9M
Cash From Financing Activities -$7.316M 163.2M
Net Change In Cash -$18.04M -68.70M
YoY Change -246.82% -130.52%
FREE CASH FLOW
Cash From Operating Activities -$2.006M $24.00M
Capital Expenditures $5.377M -$13.80M
Free Cash Flow -$7.383M $37.80M
YoY Change -161.78% -7.8%

Facts In Submission

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CY2021Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
12059000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-9708000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
27787000 USD
CY2021Q4 us-gaap Stockholders Equity
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1479480000 USD
CY2021Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
CY2021Q4 us-gaap Net Income Loss
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CY2021Q4 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
2516000 USD
CY2021Q4 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
183000 USD
CY2021Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
8168000 USD
CY2021Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
1487121000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
1407892000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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CY2021Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
3184000 USD
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7494000 USD
CY2021Q1 us-gaap Net Income Loss
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CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
1484146000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
2516000 USD
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
7499000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
17666000 USD
us-gaap Net Income Loss
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
71000 USD
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
1487121000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
1384784000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
4000 USD
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
3184000 USD
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
66000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
14938000 USD
us-gaap Net Income Loss
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Net Income Loss
NetIncomeLoss
-9779000 USD
us-gaap Net Income Loss
NetIncomeLoss
28484000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
45556000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
26281000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
17375000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
14454000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-4206000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
1604000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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us-gaap Increase Decrease In Accounts Receivable
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17937000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
6802000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
20425000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
29121000 USD
us-gaap Increase Decrease In Prepaid Taxes
IncreaseDecreaseInPrepaidTaxes
13572000 USD
us-gaap Increase Decrease In Prepaid Taxes
IncreaseDecreaseInPrepaidTaxes
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mrcy Increase Decrease In Prepaid Expense And Other
IncreaseDecreaseInPrepaidExpenseAndOther
245000 USD
mrcy Increase Decrease In Prepaid Expense And Other
IncreaseDecreaseInPrepaidExpenseAndOther
-1052000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-1004000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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13294000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
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us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
13719000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
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us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
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us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-3486000 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4818000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
243255000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
243637000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
13404000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
24753000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
3231000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
us-gaap Proceeds From Sale Of Other Investments
ProceedsFromSaleOfOtherInvestments
0 USD
us-gaap Proceeds From Sale Of Other Investments
ProceedsFromSaleOfOtherInvestments
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-259890000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2516000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3188000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
251500000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
160000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
66000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
246517000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
163122000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-115000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
763000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
113839000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
226838000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
105169000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
170739000 USD
us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Interest Paid Net
InterestPaidNet
0 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
17808000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
7942000 USD
us-gaap Noncash Or Part Noncash Acquisition Investments Acquired1
NoncashOrPartNoncashAcquisitionInvestmentsAcquired1
3230000 USD
us-gaap Noncash Or Part Noncash Acquisition Investments Acquired1
NoncashOrPartNoncashAcquisitionInvestmentsAcquired1
427000 USD
us-gaap Nature Of Operations
NatureOfOperations
Description of Business<div style="margin-top:5pt;text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Mercury Systems, Inc. (the “Company” or “Mercury”) is a leading technology company serving the aerospace and defense industry, positioned at the intersection of high-tech and defense. Headquartered in Andover, Massachusetts, the Company delivers products and solutions that power a broad range of aerospace and defense programs, optimized for mission success in some of the most challenging and demanding environments. The Company envisions, creates and delivers innovative technology solutions that are open, purpose-built and uncompromised to meet our customers’ most-pressing high-tech needs, including those specific to the defense community. </span></div><div style="margin-top:5pt;text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Investors and others should note that the Company announces material financial information using its website (</span><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">www.mrcy.com</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">), Securities and Exchange Commission (“SEC”) filings, press releases, public conference calls, webcasts, and social media, including Twitter (</span><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">twitter.com/mrcy</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> and </span><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">twitter.com/mrcy_CEO</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">) and LinkedIn (</span><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">www.linkedin.com/company/mercury-systems</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">). Therefore, the Company encourages investors and others interested in Mercury to review the information the Company posts on the social media and other communication channels listed on its website.</span></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">U</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">SE</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">OF</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> E</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">STIMATES</span></div><div style="margin-top:6pt;text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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.</span></div>
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
193803000 USD
CY2021Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
162921000 USD
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
34410000 USD
CY2021Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
35201000 USD
CY2021Q4 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
5151000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
18288000 USD
CY2021Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
4336000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
13366000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
441675000 USD
mrcy Percentage Of Revenue Recognized
PercentageOfRevenueRecognized
0.59
CY2021Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55520000 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55070000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55448000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54976000 shares
CY2021Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2021Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
364000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
409000 shares
CY2021Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55520000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55434000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55448000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55385000 shares
CY2021Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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408000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
434000 shares
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
114000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2000 shares
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
159780000 USD
CY2021Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
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CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
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CY2021Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
58087000 USD
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
26786000 USD
CY2021Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
21779000 USD
CY2021Q4 us-gaap Inventory Net
InventoryNet
251272000 USD
CY2021Q3 us-gaap Inventory Net
InventoryNet
221640000 USD
us-gaap Number Of Reporting Units
NumberOfReportingUnits
2 reporting_unit
us-gaap Number Of Reporting Units
NumberOfReportingUnits
2 reporting_unit
CY2021Q3 us-gaap Goodwill
Goodwill
804906000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
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us-gaap Restructuring Charges
RestructuringCharges
16076000 USD
us-gaap Restructuring Charges
RestructuringCharges
16076000 USD
us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
100 position
CY2021Q4 us-gaap Income Tax Expense Benefit
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CY2021Q1 us-gaap Income Tax Expense Benefit
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4433000 USD
CY2021Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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17119000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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us-gaap Income Tax Expense Benefit
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6631000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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35115000 USD
CY2021Q4 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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163000 USD
CY2021Q1 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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CY2021Q4 us-gaap Secured Long Term Debt
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CY2021Q4 us-gaap Interest Expense
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1094000 USD
us-gaap Interest Expense
InterestExpense
1689000 USD
CY2021Q4 us-gaap Letters Of Credit Outstanding Amount
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CY2021Q4 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2021Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2021Q4 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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269000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
538000 USD
CY2021Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
420000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
833000 USD
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2021Q4 mrcy Class Of Warrant Or Right Beneficial Ownership Threshold For Exercise
ClassOfWarrantOrRightBeneficialOwnershipThresholdForExercise
0.075
CY2021Q4 mrcy Class Of Warrant Or Right Beneficial Ownership Threshold For Exercise Passive Investor
ClassOfWarrantOrRightBeneficialOwnershipThresholdForExercisePassiveInvestor
0.10
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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1087000 USD
CY2021Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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796000 USD
CY2021Q4 us-gaap Allocated Share Based Compensation Expense
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7848000 USD
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7270000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17375000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14454000 USD
CY2021Q4 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2040000 USD
CY2021Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1890000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4691000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3758000 USD
CY2021Q4 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
5808000 USD
CY2021Q1 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
5380000 USD
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
12684000 USD
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
10696000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2021Q4 us-gaap Revenues
Revenues
220380000 USD
CY2021Q4 us-gaap Revenues
Revenues
220380000 USD
CY2021Q1 us-gaap Revenues
Revenues
210676000 USD
CY2021Q1 us-gaap Revenues
Revenues
210676000 USD
us-gaap Revenues
Revenues
445393000 USD
us-gaap Revenues
Revenues
445393000 USD
us-gaap Revenues
Revenues
416297000 USD
us-gaap Revenues
Revenues
416297000 USD
CY2021Q4 us-gaap Revenues
Revenues
220380000 USD
CY2021Q1 us-gaap Revenues
Revenues
210676000 USD
us-gaap Revenues
Revenues
445393000 USD
us-gaap Revenues
Revenues
416297000 USD
CY2021Q4 us-gaap Revenues
Revenues
220380000 USD
CY2021Q1 us-gaap Revenues
Revenues
210676000 USD
us-gaap Revenues
Revenues
445393000 USD
us-gaap Revenues
Revenues
416297000 USD
CY2021Q4 us-gaap Revenues
Revenues
220380000 USD
CY2021Q1 us-gaap Revenues
Revenues
210676000 USD
us-gaap Revenues
Revenues
445393000 USD
us-gaap Revenues
Revenues
416297000 USD
CY2021Q4 us-gaap Revenues
Revenues
220380000 USD
CY2021Q1 us-gaap Revenues
Revenues
210676000 USD
us-gaap Revenues
Revenues
445393000 USD
us-gaap Revenues
Revenues
416297000 USD
CY2021Q4 us-gaap Noncurrent Assets
NoncurrentAssets
127385000 USD
CY2021Q3 us-gaap Noncurrent Assets
NoncurrentAssets
128524000 USD

Files In Submission

Name View Source Status
0001049521-22-000010-index-headers.html Edgar Link pending
0001049521-22-000010-index.html Edgar Link pending
0001049521-22-000010.txt Edgar Link pending
0001049521-22-000010-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
mrcy-12312021xexx311.htm Edgar Link pending
mrcy-12312021xexx312.htm Edgar Link pending
mrcy-12312021xexx321.htm Edgar Link pending
mrcy-20211231.htm Edgar Link pending
mrcy-20211231.xsd Edgar Link pending
mrcy-20211231_cal.xml Edgar Link unprocessable
mrcy-20211231_def.xml Edgar Link unprocessable
mrcy-20211231_htm.xml Edgar Link completed
mrcy-20211231_lab.xml Edgar Link unprocessable
mrcy-20211231_pre.xml Edgar Link unprocessable
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report.css Edgar Link pending
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