Fourth Quarter and Fiscal Year 2023 Financial Results
12
Cash flow summary
(In $ millions) (¹)
Net Income (Loss)
Depreciation and amortization
Other non-cash items, net
Cash settlement for termination of interest rate swap
Changes in Operating Assets and Liabilities
Accounts receivable, unbilled receivables, and costs in excess of
billings
Inventory
Accounts payable and accrued expenses
Other
Operating Cash Flow
Capital expenditures
Free Cash Flow (²)
Free Cash Flow (²) / Adjusted EBITDA (²)
Free Cash Flow (2)/GAAP Net Income (Loss)
Ⓒ Mercury Systems, Inc.
7/1/22
$16.9
23.4
14.5
(81.3)
(12.5)
12.8
6.7
(74.3)
(19.4)
(8.2)
($27.6)
N.A.
N.A.
For the Fiscal Quarters Ended
9/30/22 12/30/22 3/31/23
$5.2
($14.3)
($10.9)
23.7
27.2
23.9
8.8
(8.2)
2.6
6.0
(47.3)
(18.4)
(17.8)
(6.7)
(90.2)
(66.0)
(7.3)
($73.4)
N.A.
N.A.
Does not contain Technical Data.
//Mercury Proprietary/No Tech Data//
16.4
(21.8)
(11.0)
43.7
27.3
35.4
(13.2)
$22.2
62%
N.A.
(22.8)
(29.8)
17.0
0.7
(34.9)
(3.2)
(9.4)
($12.7)
N.A.
N.A.
6/30/23
($8.2)
22.5
(20.2)
(5.0)
6.0
(5.0)
22.6
18.6
12.6
(8.8)
$3.8
17%
N.A.
Notes
(1) Rounded amounts used.
(2) Non-GAAP, see
reconciliation table.
mercuryView entire presentation