Mercury Systems (MRCY) FY2015 results: revenue $235 million, up 12.5% on the year
Mercury Systems Inc. (MRCY) reported revenue of $235 million for fiscal 2015, the year ended 30 June 2015, up 12.5% on the year before. Net income was $10 million, and diluted earnings per share $0.31. The figures are the company's own, from the 10-K it filed with the SEC on 13 August 2015.
Revenue
$235 million
+12.5% on the year
FY2010FY2015
Operating margin
7.8%
-3.5% a year earlier
FY2010FY2015
Net income
$10 million
FY2010FY2015
Diluted EPS
$0.31
FY2010FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
235
209
194
+12.5%
Cost of revenue
121
114
116
+5.8%
Gross profit
114
94.7
78.2
+20.5%
Gross margin
48.6%
45.4%
40.2%
Research and development
36.5
35.7
32.6
+2.4%
Selling, general and administrative
49.0
53.7
54.8
-8.7%
Operating income
18.4
-7.4
-24.8
Operating margin
7.8%
-3.5%
-12.8%
Interest expense
0.0
0.0
0.0
-30.6%
Pre-tax income
18.8
-5.9
-24.3
Income tax
4.4
-1.8
-10.5
Effective tax rate
23.2%
n/a
n/a
Net income
10.4
-11.4
-13.2
Net margin
4.4%
-5.5%
-6.8%
Diluted EPS
$0.31
-$0.37
-$0.44
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
32.2
14.2
-1.9
+126.2%
Capital expenditure
6.0
6.7
3.9
-10.7%
Free cash flow
26.2
7.5
-5.8
+247.8%
Free cash flow margin
11.2%
3.6%
-3.0%
Cash from investing
-5.6
-6.7
-71.1
Cash from financing
3.9
0.7
-3.7
+426.3%
Depreciation and amortisation
13.8
15.6
17.2
-11.3%
Share-based compensation
8.7
9.2
7.9
-5.6%
Buybacks
0.9
0.0
n/a
Diluted shares, weighted
33m
31m
30m
+6.3%
Shares outstanding at period end
33m
31m
30m
+4.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
350
327
329
+7.0%
Debt
0.0
0.0
0.0
Other liabilities
36.7
46.6
45.9
-21.1%
Total liabilities and equity
387
374
374
+3.5%
Fixed assets
13.2
14.1
14.5
-6.5%
Goodwill
168
168
168
0.0%
Intangible assets
18.0
25.0
32.3
-28.0%
Cash and equivalents
77.6
47.3
39.1
+64.1%
Receivables
31.8
37.6
29.2
-15.6%
Inventory
32.0
31.7
37.4
+1.0%
Other assets
46.2
49.8
54.3
-7.3%
Total assets
387
374
374
+3.5%
10-K for the year ended 30 June 2015, filed 13 August 2015: the filing.