# MERCURY SYSTEMS, INC. (MRCY) FY2024 Q2 Statement of Cash Flows

- Company: MERCURY SYSTEMS, INC. (MRCY)
- Period: 2023-09-30 to 2023-12-29
- Filing: Q2 FY2024 10-Q, filed 2024-02-06, accession number 0001049521-24-000009
- Page: https://plicit.ai/financials/mrcy/fy2024-q2-cash-flow
- Chart image: https://plicit.ai/charts/mrcy-fy2024-q2-cash-flow-sankey.png

## Chart details

Cash flows for Sep 30, 2023 through Dec 29, 2023. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Sep 29, 2023. Ending cash: Dec 29, 2023. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

- **Beginning cash on Sep 29, 2023**: 89,369,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- **Operating activities**: 45,494,000 US dollars. Net cash provided.
- **Net loss**: negative 45,581,000 US dollars
- **Depreciation and amortization expense**: 22,193,000 US dollars
- **Stock-based compensation expense**: 7,386,000 US dollars
- **Stock-based matching contributions on defined contribution plan**: 2,811,000 US dollars
- **Benefit for deferred income taxes**: negative 15,637,000 US dollars
- **Other non-cash items**: 7,080,000 US dollars
- **Cash settlement for termination of interest rate swap**: 0 US dollars
- **Accounts receivable, unbilled receivables, and costs in excess of billings**: 42,669,000 US dollars
- **Inventory**: 12,127,000 US dollars
- **Prepaid income taxes**: negative 5,053,000 US dollars
- **Prepaid expenses and other current assets**: 1,447,000 US dollars
- **Other non-current assets**: negative 5,012,000 US dollars
- **Accounts payable, accrued expenses, and accrued compensation**: negative 5,153,000 US dollars
- **Deferred revenues and customer advances**: 22,338,000 US dollars
- **Income taxes payable**: negative 33,000 US dollars
- **Other non-current liabilities**: 3,912,000 US dollars
- **Investing activities**: negative 7,990,000 US dollars. Net cash used.
- **Other investing activities**: 0 US dollars
- **Purchases of property and equipment**: negative 7,990,000 US dollars
- **Financing activities**: 41,217,000 US dollars. Net cash provided.
- **Proceeds from employee stock plans**: 3,163,000 US dollars
- **Borrowings under credit facilities**: 40,000,000 US dollars
- **Payments under credit facilities**: 0 US dollars
- **Purchase and retirement of common stock**: negative 15,000 US dollars
- **Payments of deferred financing and offering costs**: negative 1,931,000 US dollars
- **Operating adjustment reconciliation**: 121,963,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- **financing gross reconciliation**: 43,163,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- **investing gross reconciliation**: 7,990,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- **Exchange-rate effect**: 556,000 US dollars
- **Ending cash on Dec 29, 2023**: 168,646,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- **Cash sources and uses**: 176,636,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- **Net cash change**: 79,277,000 US dollars. Ending cash minus beginning cash.
- **Cash flow / Net income**: Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.
- **Operating cash flow**: 45,494,000 US dollars. Operating cash flow used in the free cash flow calculation.
- **Cash purchases of property, plant and equipment**: 7,990,000 US dollars. These cash purchases are already included in investing activities above.
- **Free cash flow**: 37,504,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

### Chart connections

- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net loss −$45.58M + net operating adjustments $91.08M = operating cash +$45.49M. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 45,494,000 US dollars minus 7,990,000 US dollars equals 37,504,000 US dollars.