Company: MRCY
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001049521-25-000017
Chunk: 27

Company: MERCURY SYSTEMS INC
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 27
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 revenues and customer advances67,918 14,211 Income taxes payable(118)(13,872)Other non-current liabilities(7,542)(1,782)Net cash provided by (used in) operating activities100,776 (11,379)Cash flows from investing activities:Purchases of property and equipment(15,705)(23,943)Other investing activities4,600 — Net cash used in investing activities(11,105)(23,943)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 equivalents387 187 Net increase in cash and cash equivalents89,301 71,082 Cash and cash equivalents at beginning of period180,521 71,563 Cash and cash equivalents at end of period$269,822 $142,645 Cash paid during the period for:Interest$28,105 $26,660 Income taxes paid, net$265 $14,451 Supplemental disclosures—non-cash activities:Non-cash investing activity: Purchases of property and equipment incurred but not yet paid$2,712 $7,509 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 to solve the most pressing aerospace and defense challenges.Combining technologies and expertise developed for more than 40 years, the Mercury Processing Platform offers customers a unique advantage to unleash breakthrough capabilities. It 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. The Processing Platform allows Mercury to offer standard products and custom integrated solutions from silicon to system scale, including components, modules, subsystems, and systems.