Company: MRCY
Filing Date: 2025-02-04
Form Type: 10-Q
Source: 0001049521-25-000009
Chunk: 26

Company: MERCURY SYSTEMS INC
Filing Date: 2025-02-04
Form: 10-Q
Item: Item 1
Chunk 26
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 $1,460,276 For the Six Months Ended December 29, 2023Common StockAdditionalPaid-inCapitalRetainedEarningsAccumulatedOtherComprehensive IncomeTotalShareholders’EquitySharesAmountBalance at June 30, 202356,962 $570 $1,196,847 $357,439 $11,829 $1,566,685 Issuance of common stock under employee stock incentive plans269 3 (3)— — — Issuance of common stock under employee stock purchase plan107 1 3,162 — — 3,163 Issuance of common stock under defined contribution plan226 2 8,215 — — 8,217 Retirement of common stock— — (15)— — (15)Stock-based compensation— — 12,137 — — 12,137 Net loss— — — (82,289)— (82,289)Other comprehensive loss— — — — (3,406)(3,406)Balance at December 29, 202357,564 $576 $1,220,343 $275,150 $8,423 $1,504,492 

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

5

MERCURY SYSTEMS, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

(Unaudited) Six Months Ended December 27, 2024December 29, 2023Cash flows from operating activities:Net loss$(35,104)$(82,289)Adjustments to reconcile net loss to net cash provided by operating activities:Depreciation and amortization expense42,142 44,885 Stock-based compensation expense14,054 11,503 Stock-based matching contributions on defined contribution plan7,860 7,652 Benefit for deferred income taxes(13,089)(28,432)Provision for bad debt342 5,144 Other non-cash items1,518 2,122 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 billings31,498 69,715 Inventory(21,783)(15,503)Prepaid income taxes