Mercury systems, inc. (MRCY)
Income statement / Yearly
Jun'19Jun'18Jun'17Jun'16Jun'15Jun'14Jun'13Jun'12Jun'11Jun'10
Net revenues

654,744

493,184

408,588

270,154

234,847

208,729

194,231

237,070

228,710

199,830

Cost of revenues

368,588

267,326

217,045

142,535

120,647

113,985

116,073

103,262

98,811

87,298

Gross margin

286,156

225,858

191,543

127,619

114,200

94,744

78,158

133,808

129,899

112,532

Operating expenses:
Selling, general and administrative

110,717

88,365

76,491

52,952

49,010

53,685

54,764

55,625

57,868

51,519

Research and development

68,925

58,807

54,086

36,388

36,535

35,693

32,604

45,984

44,500

41,548

Amortization of intangible assets

27,914

26,004

19,680

8,842

7,008

7,328

8,222

3,551

1,984

1,710

Restructuring and other charges

560

3,159

1,952

1,240

3,175

5,443

7,060

2,712

0

231

Impairment of Long-Lived Assets Held-for-use

-

-

-

231

0

0

-

-

150

211

Acquisition costs and other related expenses

1,456

2,538

1,931

3,993

117

0

318

1,219

412

-

Change in the fair value of the liability related to the LNX earn-out

-

-

-

-

-

-

-

-4,938

0

-

Total operating expenses

209,572

178,873

154,140

103,646

95,845

102,149

102,968

104,153

104,914

95,219

Income from operations

76,584

46,985

37,403

23,973

18,355

-7,405

-24,810

29,655

24,985

17,313

Interest income

932

32

462

131

21

9

7

13

34

532

Interest expense

9,109

2,850

7,568

1,172

34

49

38

40

79

381

Other income (expense), net

-8,880

-1,594

771

2,354

453

1,532

558

1,686

1,562

1,228

Income before income taxes

59,527

42,573

31,068

25,286

18,795

-5,913

-24,283

31,314

26,502

18,692

Tax provision

12,752

1,690

6,193

5,544

4,366

-1,841

-10,501

8,991

8,060

-9,377

Income from continuing operations

-

-

-

-

14,429

-4,072

-13,782

22,323

-

28,069

Loss from discontinued operations, net of income taxes

-

-

-

-

-4,060

-7,353

574

296

-

289

Net income

46,775

40,883

24,875

19,742

10,369

-11,425

-13,208

22,619

18,442

28,358

Basic net earnings (loss) per share:
(Loss) income from continuing operations (dollars per share)

-

-

-

-

0.45

-0.13

-0.46

0.76

-

1.25

(Loss) income from discontinued operations (dollars per share)

-

-

-

-

-0.13

-0.24

0.02

0.01

-

0.01

Basic net earnings per share (in dollars per share)

0.98

0.88

0.59

0.58

0.32

-0.37

-0.44

0.77

0.73

1.26

Diluted net earnings (loss) per share:
(Loss) income from continuing operations (dollars per share)

-

-

-

-

0.44

-0.13

-0.46

0.74

-

1.22

(Loss) income from discontinued operations (dollars per share)

-

-

-

-

-0.13

-0.24

0.02

0.01

-

0.01

Diluted net earnings per share (in dollars per share)

0.96

0.86

0.58

0.56

0.31

-0.37

-0.44

0.75

0.70

1.23

Weighted-average shares outstanding:
Basic (in shares)

47,831

46,719

41,986

34,241

32,114

31,000

30,128

29,477

25,322

22,559

Diluted (in shares)

48,500

47,471

43,018

35,097

32,939

31,000

30,128

30,085

26,209

23,008

Comprehensive income:
Net income

46,775

40,883

24,875

19,742

10,369

-11,425

-13,208

22,619

18,442

28,358

Foreign currency translation adjustments

-232

-137

-93

171

-235

65

-359

53

311

368

Pension benefit plan, net of tax

2,350

-354

-220

0

0

-

-

-

-

-

Total other comprehensive income (loss), net of tax

-2,582

217

127

171

-235

-

-

-

-

-

Net unrealized (loss) gain on investments

-

-

-

-

-

-16

15

-2

2

-83

Total comprehensive income

44,193

41,100

25,002

19,913

10,134

-11,376

-13,552

22,670

18,755

28,643