Company: MRCY
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001049521-25-000062
Chunk: 14

Company: MERCURY SYSTEMS INC
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 1
Chunk 14
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OLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

(Unaudited) First Quarters Ended September 26, 2025September 27, 2024Cash flows from operating activities:Net loss$(12,515)$(17,525)Adjustments to reconcile net loss to net cash provided by (used in) operating activities:Depreciation and amortization expense18,913 21,220 Stock-based compensation expense9,573 6,092 Stock-based matching contributions on defined contribution plan6,750 4,432 Benefit for deferred income taxes(3,855)(7,847)Provision for bad debt(36)218 Other non-cash items288 2,707 Changes in operating assets and liabilities:Accounts receivable, unbilled receivables, and costs in excess of billings20,138 (6,148)Inventory(12,129)(13,907)Prepaid income taxes(933)(63)Prepaid expenses and other current assets(35,317)1,982 Other non-current assets(2,097)1,840 Accounts payable, accrued expenses, and accrued compensation20,893 (27,004)Deferred revenues and customer advances(8,339)21,239 Income taxes payable8 978 Other non-current liabilities840 (2,874)Net cash provided by (used in) operating activities2,182 (14,660)Cash flows from investing activities:Purchases of property and equipment(6,548)(6,236)Net cash used in investing activities(6,548)(6,236)Cash flows from financing activities:Payments of deferred financing and offering costs— (2,249)Net cash used in financing activities— (2,249)Effect of exchange rate changes on cash and cash equivalents(17)747 Net decrease in cash and cash equivalents(4,383)(22,398)Cash and cash equivalents at beginning of period309,099 180,521 Cash and cash equivalents at end of period$304,716 $158,123 Cash paid (refunded) during the period for:Interest$8,523 $8,898 Income taxes paid (refunded), net$486 $(923)Supplemental disclosures—non-cash activities:Non-cash investing activity: Purchases of property and equipment incurred but not yet paid$3,298 $3,300 Non-cash