4th Quarter and Full Fiscal Year 2020 Financial Results
10
FY20 vs. FY19
In $ millions, except percentage and per share data
Bookings
Book-to-Bill
Backlog
12-Month Backlog
Revenue
Organic Revenue Growth (¹)
Gross Margin
Operating Expenses
Selling, General & Administrative
Research & Development
Amortization/Restructuring/Acquisition
GAAP Net Income
Effective Tax Rate
GAAP EPS
Weighted Average Diluted Shares
Adjusted EPS (2)
Adj. EBITDA (2)
% of revenue
Operating Cash Flow
Free Cash Flow (2)
% of Adjusted EBITDA
© Mercury Systems, Inc.
FY19
$782.9
1.20
$625.4
451.2
$654.7
12%
43.7%
$209.6
110.7
68.9
29.9
$46.8
21.4%
$0.96
48.5
$1.84
$145.3
22.2%
$97.5
$70.8
49%
FY20(3)
$954.3
1.20
$831.1
567.7
$796.6
14%
44.8%
$265.8
132.3
98.5
35.0
$85.7
8.8%
$1.56
55.1
$2.30
$176.2
22.1%
$115.2
$71.9
41%
CHANGE
22%
33%
22%
1.1 pts
27%
83%
63%
25%
21%
18%
2%
Notes
(1) Organic revenue represents
total company revenue
excluding net revenue from
acquisitions for the first four full
quarters since the entities'
acquisition date (which excludes
any intercompany transactions).
After the completion of four
fiscal quarters, acquired
businesses are treated as
organic for current and
comparable historical periods.
(2) Non-GAAP, see reconciliation
table.
(3) Effective as of July 1, 2019, the
Company's fiscal year has
changed to the 52-week or 53-
week period ending on the
Friday closest to the last day of
June. All references in this
presentation to the fourth
quarter and full fiscal 2020 are
to the 53-week period ended
July 3, 2020, and to the first
quarter of fiscal 2021 and full
fiscal 2021 are to the quarter
ending October 2, 2020 and 52-
week period ending July 2, 2021.View entire presentation