Company: MRCY
Filing Date: 2025-08-11
Form Type: 10-K
Source: 0001049521-25-000024
Chunk: 88

Company: MERCURY SYSTEMS INC
Filing Date: 2025-08-11
Form: 10-K
Item: Item 8
Chunk 88
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Table of Contents

ITEM 8.FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

MERCURY SYSTEMS, INC.

CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share data) 

 June 27, 2025June 28, 2024AssetsCurrent assets:Cash and cash equivalents$309,099 $180,521 Accounts receivable, net of allowance for credit losses of $1,767 and $2,020 at June 27, 2025 and June 28, 2024, respectively109,588 111,441 Unbilled receivables and costs in excess of billings, net of allowance for credit losses of $5,311 and $6,340 at June 27, 2025 and June 28, 2024, respectively278,475 304,029 Inventory332,920 335,300 Prepaid income taxes457 — Prepaid expenses and other current assets27,639 22,493 Total current assets1,058,178 953,784 Property and equipment, net101,440 110,353 Goodwill938,093 938,093 Intangible assets, net210,611 250,512 Operating lease right-of-use assets, net52,264 60,860 Deferred tax assets69,016 58,612 Other non-current assets5,162 6,691 Total assets$2,434,764 $2,378,905 Liabilities and Shareholders’ EquityCurrent liabilities:Accounts payable$79,116 $81,068 Accrued expenses43,143 42,926 Accrued compensation51,321 36,398 Income taxes payable— 109 Deferred revenues and customer advances126,797 73,915 Total current liabilities300,377 234,416 Income taxes payable4,046 7,713 Long-term debt591,500 591,500 Operating lease liabilities52,738 62,584 Other non-current liabilities12,642 9,917 Total liabilities961,303 906,130 Commitments and contingencies (Note K)Shareholders’ equity:Preferred stock, $0.01 par value; 1,000,000 shares authorized; no shares issued or outstanding— — Common stock, $0.01 par value; 85,000,000 shares authorized;