2024 Q3 Form 10-K Financial Statement

#000104952124000029 Filed on August 13, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2024
Revenue $204.4M $248.6M $835.3M
YoY Change 12.95% -1.85% -14.23%
Cost Of Revenue $152.6M $175.4M $639.4M
YoY Change 17.0% -5.65% -2.71%
Gross Profit $51.79M $73.21M $195.9M
YoY Change 2.5% 8.65% -38.15%
Gross Profit Margin 25.33% 29.45% 23.45%
Selling, General & Admin $33.15M $43.37M $166.8M
YoY Change -7.38% 35.47% 3.83%
% of Gross Profit 64.01% 59.23% 85.14%
Research & Development $18.38M $19.42M $101.3M
YoY Change -42.32% -29.68% -6.87%
% of Gross Profit 35.5% 26.52% 51.72%
Depreciation & Amortization $21.22M $21.39M $88.03M
YoY Change -6.49% -4.94% -9.55%
% of Gross Profit 40.97% 29.22% 44.94%
Operating Expenses $65.21M $74.09M $343.7M
YoY Change -28.13% 2.54% 1.55%
Operating Profit -$13.42M -$881.0K -$147.8M
YoY Change -66.62% -81.91% 581.36%
Interest Expense $8.906M -$8.634M $35.02M
YoY Change 13.26% 31.08% 39.17%
% of Operating Profit
Other Income/Expense, Net -$1.339M -$1.999M -$7.705M
YoY Change -24.52% -402.42% 180.08%
Pretax Income -$23.12M -$18.60M -$189.3M
YoY Change -53.52% 25.48% 289.92%
Income Tax -$5.594M -$7.824M -$51.64M
% Of Pretax Income
Net Earnings -$17.53M -$10.78M -$137.6M
YoY Change -52.26% 30.85% 385.76%
Net Earnings / Revenue -8.57% -4.34% -16.48%
Basic Earnings Per Share -$0.30 -$2.38
Diluted Earnings Per Share -$0.30 -$0.18 -$2.38
COMMON SHARES
Basic Shares Outstanding 59.41M shares 59.35M shares 57.74M shares
Diluted Shares Outstanding 58.26M shares 57.74M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $158.1M $180.5M $180.5M
YoY Change 76.87% 152.25% 152.25%
Cash & Equivalents $158.1M $180.5M $180.5M
Short-Term Investments
Other Short-Term Assets $22.29M $22.49M $22.49M
YoY Change -0.5% 7.35% 7.35%
Inventory $351.1M $335.3M $335.3M
Prepaid Expenses
Receivables $124.5M $111.4M $415.5M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $954.3M $953.8M $953.8M
YoY Change -0.04% 1.79% 1.79%
LONG-TERM ASSETS
Property, Plant & Equipment $105.1M $110.4M $171.2M
YoY Change -10.34% -7.7% -6.22%
Goodwill $938.1M $938.1M
YoY Change 0.0% 0.0%
Intangibles $239.3M $250.5M
YoY Change -16.2% -15.95%
Long-Term Investments
YoY Change
Other Assets $7.486M $6.691M $65.30M
YoY Change 68.38% -21.62% 83.25%
Total Long-Term Assets $1.415B $1.425B $1.425B
YoY Change -2.17% -2.01% -2.01%
TOTAL ASSETS
Total Short-Term Assets $954.3M $953.8M $953.8M
Total Long-Term Assets $1.415B $1.425B $1.425B
Total Assets $2.369B $2.379B $2.379B
YoY Change -1.32% -0.52% -0.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $74.74M $81.07M $81.07M
YoY Change -22.0% -22.04% -22.04%
Accrued Expenses $42.55M $42.93M $79.32M
YoY Change 26.41% 51.03% 34.81%
Deferred Revenue $73.92M
YoY Change 30.68%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $232.8M $234.4M $234.4M
YoY Change 13.38% 0.49% 0.49%
LONG-TERM LIABILITIES
Long-Term Debt $591.5M $591.5M $591.5M
YoY Change 2.6% 15.64% 15.64%
Other Long-Term Liabilities $17.34M $9.917M $80.21M
YoY Change 96.99% 24.66% 0.37%
Total Long-Term Liabilities $17.34M $9.917M $671.7M
YoY Change 96.99% 24.66% 13.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $232.8M $234.4M $234.4M
Total Long-Term Liabilities $17.34M $9.917M $671.7M
Total Liabilities $909.1M $906.1M $906.1M
YoY Change 5.72% 9.88% 9.88%
SHAREHOLDERS EQUITY
Retained Earnings $202.3M $219.8M
YoY Change -36.93% -38.51%
Common Stock $584.0K $581.0K
YoY Change 1.92% 1.93%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.460B $1.473B $1.473B
YoY Change
Total Liabilities & Shareholders Equity $2.369B $2.379B $2.379B
YoY Change -1.32% -0.52% -0.52%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2024
OPERATING ACTIVITIES
Net Income -$17.53M -$10.78M -$137.6M
YoY Change -52.26% 30.85% 385.76%
Depreciation, Depletion And Amortization $21.22M $21.39M $88.03M
YoY Change -6.49% -4.94% -9.55%
Cash From Operating Activities -$14.66M $71.76M $60.38M
YoY Change -62.48% 469.08% -384.1%
INVESTING ACTIVITIES
Capital Expenditures $6.236M $10.35M $34.29M
YoY Change -22.2% 16.98% -11.61%
Acquisitions $0.00
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities -$6.236M -$10.35M -$34.29M
YoY Change -22.2% 18.11% -11.07%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $31.00K
YoY Change -50.79%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$2.249M -23.54M $82.68M
YoY Change -103.46% -859.5% 26.37%
NET CHANGE
Cash From Operating Activities -$14.66M 71.76M $60.38M
Cash From Investing Activities -$6.236M -10.35M -$34.29M
Cash From Financing Activities -$2.249M -23.54M $82.68M
Net Change In Cash -$22.40M 37.88M $109.0M
YoY Change -225.79% 445.14% 1743.93%
FREE CASH FLOW
Cash From Operating Activities -$14.66M $71.76M $60.38M
Capital Expenditures $6.236M $10.35M $34.29M
Free Cash Flow -$20.90M $61.41M $26.09M
YoY Change -55.62% 1531.59% -143.45%

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CY2024 us-gaap Nature Of Operations
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<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:26.28pt">Description of Business</span><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) is a technology company that delivers mission-critical processing power to the edge - where signals and data are collected - to solve the most pressing aerospace and defense challenges. Mercury’s products and solutions are deployed in more than 300 programs and across 35 countries. The Company is headquartered in Andover, Massachusetts, and has over 20 locations worldwide.</span></div><div style="margin-top:5pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Mercury Processing Platform is the unique advantage the Company provides to its customers. It comprises the innovative technologies the Company has developed and acquired for more than 40 years that brings integrated, mission-critical processing capabilities to the edge. The Company's processing platform spans the full breadth of signal processing—from RF front end to the human-machine interface—to rapidly convert meaningful data, gathered in the most remote and hostile environments, into critical decisions. It allows the Company to offer standard products and custom solutions from silicon to system scale, including components, modules, subsystems, and systems, and it embodies the customer-centric approach the Company takes to delivering capabilities that are mission-ready, trusted and secure, software-defined, and open and modular.</span></div>
CY2024Q2 mrcy Number Of Deployed Programs
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CY2024 us-gaap Use Of Estimates
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<div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">U</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">SE</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">OF</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> E</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">STIMATES</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%">The preparation of financial statements in conformity with Generally Accepted Accounting Principles (“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>
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CY2024 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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57738000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56554000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55901000 shares
CY2024Q2 mrcy Deferred Sales Commissions Amortization Period Greater Than One Year
DeferredSalesCommissionsAmortizationPeriodGreaterThanOneYear
837000 usd
CY2023Q2 mrcy Deferred Sales Commissions Amortization Period Greater Than One Year
DeferredSalesCommissionsAmortizationPeriodGreaterThanOneYear
1328000 usd
CY2024Q2 us-gaap Contract With Customer Asset Net Current
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304029000 usd
CY2023Q2 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
382558000 usd
CY2024 us-gaap Gross Transaction Volume
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524655000 usd
CY2024 mrcy Revenue Performance Obligation Satisfied Over Time
RevenuePerformanceObligationSatisfiedOverTime
462143000 usd
CY2024 us-gaap Contract With Customer Asset Allowance For Credit Loss Writeoff
ContractWithCustomerAssetAllowanceForCreditLossWriteoff
16017000 usd
CY2024Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
74367000 usd
CY2023Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
57142000 usd
CY2023Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
57142000 usd
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
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43790000 usd
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
768442000 usd
CY2024 mrcy Percentage Of Revenue Recognized
PercentageOfRevenueRecognized
0.55
CY2022Q3 mrcy Receivables Purchase Agreement Limit On Purchased Receivables
ReceivablesPurchaseAgreementLimitOnPurchasedReceivables
20000 usd
CY2022Q3 mrcy Receivables Purchase Agreement Limit On Purchased Receivables
ReceivablesPurchaseAgreementLimitOnPurchasedReceivables
20000 usd
CY2023Q1 mrcy Receivables Purchase Agreement Limit On Purchased Receivables
ReceivablesPurchaseAgreementLimitOnPurchasedReceivables
30600000 usd
CY2023Q1 mrcy Receivables Purchase Agreement Limit On Purchased Receivables
ReceivablesPurchaseAgreementLimitOnPurchasedReceivables
30600000 usd
CY2023Q2 mrcy Receivables Purchase Agreement Limit On Purchased Receivables
ReceivablesPurchaseAgreementLimitOnPurchasedReceivables
60000 usd
CY2024Q2 mrcy Accounts Receivable Amount Factored
AccountsReceivableAmountFactored
33777000 usd
CY2023Q2 mrcy Accounts Receivable Amount Factored
AccountsReceivableAmountFactored
30488000 usd
CY2024 mrcy Accounts Receivable Factoring Fees
AccountsReceivableFactoringFees
1947000 usd
CY2023 mrcy Accounts Receivable Factoring Fees
AccountsReceivableFactoringFees
562000 usd
CY2024 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">C</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">ONCENTRATION</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">OF</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> C</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">REDIT</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> R</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">ISK</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%">Financial instruments that potentially expose the Company to concentrations of credit risk consist principally of cash, cash equivalents, accounts receivable, unbilled receivables and costs in excess of billings. The Company places its cash and cash equivalents with financial institutions of high credit quality. As of June 28, 2024 and June 30, 2023, the Company had $180,521 and $71,563, respectively, of cash and cash equivalents on deposit or invested with its financial and lending institutions.</span></div><div style="margin-top:5pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company provides credit to customers in the normal course of business. The Company performs ongoing credit evaluations of its customers’ financial condition and limits the amount of credit extended when deemed necessary. As of June 28, 2024, five customers accounted for 51% of the Company's accounts receivable, unbilled receivables and costs in excess of billings. As of June 30, 2023, five customers accounted for 48% of the Company’s accounts receivable, unbilled receivables and costs in excess of billings. </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%">The Company maintains an allowance for credit losses to provide for the estimated amount of receivables that will not be fully collected. The allowance is based on the assessment of the following factors: customer creditworthiness; historical payment experience; age of outstanding receivables; and any applicable collateral.</span></div>
CY2024Q2 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
180521000 usd
CY2023Q2 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
71563000 usd
CY2024 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57738000 shares
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
56554000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55527000 shares
CY2024 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2023 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
374000 shares
CY2024 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57738000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56554000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55901000 shares
CY2024 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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2501000 shares
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2022 us-gaap Capitalized Computer Software Additions
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CY2023Q2 us-gaap Inventory Raw Materials Net Of Reserves
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CY2023Q2 us-gaap Inventory Work In Process Net Of Reserves
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CY2023Q2 us-gaap Inventory Finished Goods Net Of Reserves
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25302000 usd
CY2024Q2 us-gaap Inventory Net
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CY2023Q2 us-gaap Inventory Net
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CY2023Q2 us-gaap Property Plant And Equipment Gross
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352835000 usd
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273118000 usd
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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233281000 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
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110353000 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
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119554000 usd
CY2024 us-gaap Property Plant And Equipment Gross Period Increase Decrease
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9201000 usd
CY2024 us-gaap Depreciation
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CY2023 us-gaap Depreciation
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CY2022 us-gaap Depreciation
Depreciation
33150000 usd
CY2024Q2 us-gaap Reporting Unit Percentage Of Fair Value In Excess Of Carrying Amount
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0.050
CY2024Q1 us-gaap Reporting Unit Percentage Of Fair Value In Excess Of Carrying Amount
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0.025
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
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472690000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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222178000 usd
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250512000 usd
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491911000 usd
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193860000 usd
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298051000 usd
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42836000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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38199000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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35093000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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31169000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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27874000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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73949000 usd
CY2024Q2 mrcy Finite Lived Intangible Assets Including Residual Value
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249120000 usd
CY2024Q2 us-gaap Acquired Finite Lived Intangible Asset Residual Value
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CY2024Q1 mrcy Number Of Positions Eliminated
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100 position
CY2024Q2 mrcy Number Of Positions Eliminated
NumberOfPositionsEliminated
100 position
CY2024Q2 mrcy Number Of Positions Eliminated
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350 position
CY2023 mrcy Restructuring Charges Net
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6981000 usd
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4722000 usd
CY2023 us-gaap Restructuring Charges
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3880000 usd
CY2023 us-gaap Payments For Restructuring
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7052000 usd
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1529000 usd
CY2024 us-gaap Restructuring Charges
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26170000 usd
CY2024 us-gaap Payments For Restructuring
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18941000 usd
CY2024Q2 us-gaap Restructuring Reserve Current
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8758000 usd
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
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60860000 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
63015000 usd
CY2024Q2 us-gaap Operating Lease Liability Current
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11614000 usd
CY2023Q2 us-gaap Operating Lease Liability Current
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10434000 usd
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
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62584000 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
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66797000 usd
CY2024Q2 us-gaap Operating Lease Liability
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74198000 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
77231000 usd
CY2024 us-gaap Operating Lease Payments
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10343000 usd
CY2023 us-gaap Operating Lease Payments
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CY2024 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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10627000 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P6Y4M24D
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0550
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0517
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
15286000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
13524000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
13992000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
12579000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
10903000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
22906000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
89190000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
14992000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
74198000 usd
CY2024 us-gaap Operating Lease Expense
OperatingLeaseExpense
13775000 usd
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
13763000 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
14332000 usd
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
24286000 usd
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-6012000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-5678000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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18395000 usd
CY2024 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
33898000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
3857000 usd
CY2024 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2024 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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CY2023 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
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CY2022 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
3627000 usd
CY2024 us-gaap Current State And Local Tax Expense Benefit
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CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
10054000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
3626000 usd
CY2024 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2024 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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CY2023 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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CY2022 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
905000 usd
CY2024 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
95000 usd
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
104000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
2535000 usd
CY2024 us-gaap Deferred Foreign Income Tax Expense Benefit
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288000 usd
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
53000 usd
CY2024 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
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CY2023 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
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CY2022 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
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2588000 usd
CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7120000 usd
CY2024 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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-0.210
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
CY2024 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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-0.059
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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-0.054
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.081
CY2024 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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0.037
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.151
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.395
CY2024 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
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-0.001
CY2023 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
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-0.007
CY2022 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
0.103
CY2024 mrcy Effective Income Tax Rate Reconciliation Excess Tax Benefits On Stock Compensation Percent
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-0.014
CY2023 mrcy Effective Income Tax Rate Reconciliation Excess Tax Benefits On Stock Compensation Percent
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-0.026
CY2022 mrcy Effective Income Tax Rate Reconciliation Excess Tax Benefits On Stock Compensation Percent
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-0.053
CY2024 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.002
CY2023 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.002
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.023
CY2024 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.009
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0.010
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.209
CY2024 mrcy Effective Income Tax Rate Reconciliation Acquisition Costs Percent
EffectiveIncomeTaxRateReconciliationAcquisitionCostsPercent
0
CY2023 mrcy Effective Income Tax Rate Reconciliation Acquisition Costs Percent
EffectiveIncomeTaxRateReconciliationAcquisitionCostsPercent
0
CY2022 mrcy Effective Income Tax Rate Reconciliation Acquisition Costs Percent
EffectiveIncomeTaxRateReconciliationAcquisitionCostsPercent
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18738000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
20537000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
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CY2024 mrcy Entity Wide Disclosure On Geographic Areas Revenue From External Customers Attributed To Individual Foreign Countries
EntityWideDisclosureOnGeographicAreasRevenueFromExternalCustomersAttributedToIndividualForeignCountries
835275000 usd
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Revenues
835275000 usd
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CY2023 mrcy Entity Wide Disclosure On Geographic Areas Revenue From External Customers Attributed To Individual Foreign Countries
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CY2022 mrcy Entity Wide Disclosure On Geographic Areas Revenue From External Customers Attributed To Individual Foreign Countries
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CY2022Q3 us-gaap Derivative Notional Amount
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CY2022Q3 us-gaap Derivative Fixed Interest Rate
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CY2022Q3 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
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CY2022Q3 us-gaap Derivative Notional Amount
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CY2022Q3 us-gaap Secured Long Term Debt
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CY2022Q3 us-gaap Derivative Notional Amount
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CY2024 us-gaap Unrealized Gain Loss On Derivatives
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2982000 usd
CY2023Q2 mrcy Receivables Purchase Agreement Limit On Purchased Receivables
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60000 usd
CY2023Q2 mrcy Receivables Purchase Agreement Limit On Purchased Receivables
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60000 usd
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
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false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
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NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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