Company: MRCY
Filing Date: 2025-02-04
Form Type: 10-Q
Source: 0001049521-25-000009
Chunk: 27

Company: MERCURY SYSTEMS INC
Filing Date: 2025-02-04
Form: 10-Q
Item: Item 1
Chunk 27
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5 (5,818)Prepaid expenses and other current assets2,188 (366)Other non-current assets3,583 (2,697)Accounts payable, accrued expenses, and accrued compensation(19,816)(18,173)Deferred revenues and customer advances62,163 24,098 Income taxes payable202 (13,896)Other non-current liabilities(4,961)1,078 Net cash provided by operating activities70,802 6,426 Cash flows from investing activities:Purchases of property and equipment(9,791)(16,005)Other investing activities1,900 — Net cash used in investing activities(7,891)(16,005)Cash flows from financing activities:Proceeds from employee stock plans1,492 3,163 Borrowings under credit facilities— 105,000 Purchase and retirement of common stock— (15)Payments of deferred financing and offering costs(2,249)(1,931)Net cash (used in) provided by financing activities(757)106,217 Effect of exchange rate changes on cash and cash equivalents(110)445 Net increase in cash and cash equivalents62,044 97,083 Cash and cash equivalents at beginning of period180,521 71,563 Cash and cash equivalents at end of period$242,565 $168,646 Cash paid (refunded) during the period for:Interest$19,237 $16,113 Income taxes (refunded) paid, net$(398)$14,881 Supplemental disclosures—non-cash activities:Non-cash investing activity: Purchases of property and equipment incurred but not yet paid$2,644 $6,220 Non-cash investing activity: Inventory transfer to property and equipment, net$12,675 $— 

The accompanying notes are an integral part of the consolidated financial statements.

6

MERCURY SYSTEMS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Amounts in thousands except per share data)

(Unaudited)

A.Description of Business

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