Company: MRCY
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001049521-25-000017
Chunk: 26

Company: MERCURY SYSTEMS INC
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 26
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 30, 202356,962 $570 $1,196,847 $357,439 $11,829 $1,566,685 Issuance of common stock under employee stock incentive plans435 4 (4)— — — Issuance of common stock under employee stock purchase plan107 1 3,162 — — 3,163 Issuance of common stock under defined contribution plan365 4 12,435 — — 12,439 Retirement of common stock— — (15)— — (15)Stock-based compensation— — 18,241 — — 18,241 Net loss— — — (126,863)— (126,863)Other comprehensive loss— — — — (857)(857)Balance at March 29, 202457,869 $579 $1,230,666 $230,576 $10,972 $1,472,793 

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

5

MERCURY SYSTEMS, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

(Unaudited) Nine Months Ended March 28, 2025March 29, 2024Cash flows from operating activities:Net loss$(54,274)$(126,863)Adjustments to reconcile net loss to net cash provided by (used in) operating activities:Depreciation and amortization expense62,058 66,639 Stock-based compensation expense22,602 18,423 Stock-based matching contributions on defined contribution plan11,393 12,180 Benefit for deferred income taxes(13,991)(17,260)Provision for bad debt472 11,690 Other non-cash items(802)445 Cash settlement for termination of interest rate swap— 7,403 Changes in operating assets and liabilities:Accounts receivable, unbilled receivables, and costs in excess of billings40,792 78,326 Inventory(29,068)(7,010)Prepaid income taxes(2,979)(27,964)Prepaid expenses and other current assets4,023 174 Other non-current assets5,592 (234)Accounts payable, accrued expenses, and accrued compensation(5,300)(25,885)Deferred