Mercury systems, inc. (MRCY)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10
Net revenues

756,196

722,816

687,992

654,744

630,648

572,348

531,171

493,184

455,925

446,906

427,008

408,588

378,410

336,991

299,394

270,154

248,843

242,523

239,195

234,847

224,406

218,221

212,064

208,729

195,927

196,657

195,529

194,231

206,355

219,221

237,376

237,070

245,304

238,170

225,724

228,710

0

0

0

Cost of revenues

416,126

402,224

385,019

368,588

356,073

318,854

294,404

267,326

244,398

237,362

224,235

217,045

202,618

180,580

160,633

142,535

124,152

121,316

120,692

120,647

120,973

118,330

114,883

113,985

108,042

110,574

116,199

116,073

117,903

118,280

113,094

103,262

104,695

99,742

96,569

98,811

0

0

0

Gross margin

340,070

320,592

302,973

286,156

274,575

253,494

236,767

225,858

211,527

209,544

202,773

191,543

175,792

156,411

138,761

127,619

124,691

121,207

118,503

114,200

103,433

99,891

97,181

94,744

87,885

86,083

79,330

78,158

88,452

100,941

124,282

133,808

140,609

138,428

129,155

129,899

0

0

0

Operating expenses:
Selling, general and administrative

127,511

120,931

115,946

110,717

105,408

99,135

92,538

88,365

83,326

81,417

79,515

76,491

71,649

65,107

58,370

52,952

49,597

48,752

48,846

49,010

49,866

50,387

51,654

53,685

52,367

53,922

54,552

54,764

55,369

56,668

56,513

55,625

58,496

57,716

57,316

57,868

0

0

0

Research and development

91,843

84,315

75,847

68,925

63,436

61,018

60,013

58,807

57,844

57,021

54,990

54,086

50,689

44,671

40,360

36,388

38,465

38,400

37,450

36,535

32,034

32,085

34,332

35,693

35,094

34,431

31,877

32,604

36,073

40,022

44,158

45,984

47,480

46,711

45,466

44,500

0

0

0

Amortization of intangible assets

29,867

28,805

27,752

27,914

28,342

28,660

27,548

26,004

24,026

21,654

20,715

19,680

17,959

14,981

11,731

8,842

6,845

6,835

6,959

7,008

7,031

7,064

7,105

7,328

7,413

7,992

8,419

8,222

7,274

6,061

4,523

3,551

3,336

2,856

2,481

1,984

0

0

0

Impairment of long-lived assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring and other charges

1,802

1,782

704

560

1,940

3,278

3,568

3,159

2,919

1,994

1,750

1,952

1,097

1,047

1,199

1,240

1,686

1,304

2,245

3,175

4,341

7,791

6,726

5,443

5,190

1,941

2,061

7,060

0

0

0

-

-

-

-

-

-

-

-

Acquisition costs and other related expenses

3,553

3,545

2,474

1,456

828

2,006

2,676

2,538

2,307

1,496

1,771

1,931

2,349

3,432

2,286

3,993

3,617

2,097

2,245

117

33

0

0

-

0

-

-

318

760

873

1,424

1,219

768

723

437

412

0

0

0

Total operating expenses

254,576

239,378

222,723

209,572

199,954

194,097

186,343

178,873

170,422

163,582

158,741

154,140

143,743

129,238

114,177

103,646

100,441

97,619

97,745

95,845

93,305

97,327

99,817

102,149

100,078

98,332

96,997

102,968

102,679

106,599

109,376

104,153

110,230

108,156

105,850

104,914

0

0

0

Income from operations

85,494

81,214

80,250

76,584

74,621

59,397

50,424

46,985

41,105

45,962

44,032

37,403

32,049

27,173

24,584

23,973

24,250

23,588

20,758

18,355

10,128

2,564

-2,636

-7,405

-12,193

-12,249

-17,667

-24,810

-14,227

-5,658

14,906

29,655

30,379

30,272

23,305

24,985

0

0

0

Interest income

2,547

2,294

2,053

932

352

147

79

32

297

434

441

462

229

131

147

131

97

64

42

21

16

12

11

9

7

7

6

7

7

8

9

13

27

30

33

34

0

0

0

Interest expense

2,239

4,654

6,850

9,109

8,669

7,195

5,106

2,850

3,064

3,958

5,749

7,568

6,775

4,885

2,992

1,172

21

25

28

34

35

39

42

49

45

41

45

38

44

45

39

40

37

39

79

79

0

0

0

Other income (expense), net

-6,272

-8,786

-9,305

-8,880

-2,736

-2,342

-1,788

-1,594

-1,086

-873

-644

771

2,848

2,713

2,883

2,354

352

215

530

453

722

1,052

1,094

1,532

1,288

975

651

558

842

1,342

1,620

1,686

1,575

1,441

1,451

1,562

0

0

0

Income before income taxes

79,530

70,068

66,148

59,527

63,568

50,007

43,609

42,573

37,252

41,565

38,080

31,068

28,351

25,132

24,622

25,286

24,678

23,842

21,302

18,795

10,831

3,589

-1,573

-5,913

-10,943

-11,308

-17,055

-24,283

-13,422

-4,353

16,496

31,314

31,944

31,704

24,710

26,502

0

0

0

Tax provision

8,238

8,232

7,605

12,752

19,496

16,348

13,200

1,690

-2,334

-1,373

-929

6,193

4,791

4,263

3,917

5,544

6,293

5,120

4,734

4,366

3,245

967

-522

-1,841

-4,996

-6,419

-8,169

-10,501

-7,606

-2,994

4,026

8,991

10,802

10,429

7,297

8,060

0

0

0

Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,429

7,586

2,622

-1,051

-4,072

0

0

0

-

-

-

-

-

-

-

-

-

0

0

0

Loss from discontinued operations, net of income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,060

-10,693

-9,982

-7,619

-7,353

0

0

0

-

-

-

-

-

-

-

-

-

0

0

0

Net income

71,292

61,836

58,543

46,775

44,072

33,659

30,409

40,883

39,586

42,938

39,009

24,875

23,560

20,869

20,705

19,742

18,183

17,501

12,726

10,369

-3,107

-7,360

-8,670

-11,425

-5,891

-4,525

-8,264

-13,208

-5,520

-1,063

12,766

22,619

21,194

21,327

17,465

18,442

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.20

0.14

0.09

0.02

-0.03

-0.01

-0.02

-0.07

-0.09

0.03

-0.16

-0.24

0.18

0.18

0.31

0.09

-

0.20

0.22

0.16

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

-0.01

0.00

Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic Share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.03

-0.08

0.00

-

-0.01

-0.01

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic net earnings per share (in dollars per share)

0.43

0.29

0.35

0.26

0.30

0.26

0.16

0.21

0.08

0.20

0.39

0.20

0.16

0.13

0.10

0.21

0.13

0.15

0.09

0.18

0.11

0.01

0.02

-0.25

-0.02

-0.03

-0.07

-

-

-

-

-

-

-

-

0.15

0.20

0.22

0.16

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.19

0.14

0.09

0.02

-0.03

-0.01

-0.02

-0.07

-0.09

0.03

-0.16

-0.24

0.18

0.17

0.30

0.09

-

0.20

0.22

0.16

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.03

-0.08

0.00

-

-0.01

-0.01

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted net earnings per share (in dollars per share)

0.43

0.29

0.35

0.25

0.29

0.26

0.16

0.21

0.08

0.19

0.38

0.19

0.16

0.13

0.10

0.20

0.13

0.15

0.08

0.17

0.11

0.01

0.02

-0.25

-0.02

-0.03

-0.07

-

-

-

-

-

-

-

-

0.12

0.20

0.22

0.16

Weighted-average shares outstanding:
Basic (in shares)

54,604

54,548

54,388

49,829

47,258

47,189

47,048

46,776

46,844

46,752

46,504

46,155

43,773

39,151

38,865

37,815

33,251

33,120

32,778

32,471

32,298

32,052

31,635

31,203

31,156

30,988

30,653

30,287

30,235

30,107

29,883

29,612

29,562

29,457

29,277

28,973

26,272

23,099

22,944

Diluted (in shares)

55,127

55,001

55,078

50,640

47,958

47,705

47,697

47,416

47,532

47,447

47,489

47,408

44,814

39,985

39,865

38,950

33,991

33,831

33,616

33,356

33,233

32,686

32,481

31,203

31,156

30,988

30,653

30,112

30,410

30,107

29,883

30,170

30,168

29,969

30,033

30,103

27,324

23,998

23,411

Comprehensive income:
Net income

71,292

61,836

58,543

46,775

44,072

33,659

30,409

40,883

39,586

42,938

39,009

24,875

23,560

20,869

20,705

19,742

18,183

17,501

12,726

10,369

-3,107

-7,360

-8,670

-11,425

-5,891

-4,525

-8,264

-13,208

-5,520

-1,063

12,766

22,619

21,194

21,327

17,465

18,442

0

0

0

Change in fair value of derivative instruments, net of tax

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign currency translation adjustments

362

-192

205

-232

9

-238

-421

-137

-406

184

-179

-93

-111

-151

162

171

55

-38

-121

-235

-151

-128

-91

65

-58

-254

-312

-359

-271

-110

2

53

41

115

208

311

0

0

0

Pension benefit plan, net of tax

2,283

2,305

2,328

2,350

-264

-284

-309

-354

-265

-260

-250

-220

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other comprehensive income (loss), net of tax

226

-2,497

-2,123

-2,582

-1,874

46

-112

217

-141

444

71

127

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net unrealized (loss) gain on investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

0

Total comprehensive income

71,518

59,339

56,420

44,193

42,198

33,705

30,297

41,100

39,445

43,382

39,080

25,002

23,449

20,718

20,867

19,913

18,238

17,463

12,605

10,134

-3,274

-7,504

-8,777

-11,376

-5,955

-4,785

-8,582

-13,552

-5,767

-1,149

12,792

22,670

21,232

21,439

17,670

18,755

0

0

0