4th Quarter and Full Fiscal Year 2018 Financial Results & Germane Systems Acquisition Overview
Cash Flow summary
(In $ millions) (¹)
Net Income
Depreciation and amortization
Other non-cash items, net
Change in Working Capital
Accounts receivable, unbilled receivables,
and costs in excess of billings
Inventory
Accounts payable and accrued expenses
Other
Changes in Operating Assets and Liabilities
Operating Cash Flow
Capital expenditures
Free Cash Flow (2)
Free Cash Flow (2)/Adjusted EBITDA (2)
Free Cash Flow (2)/GAAP Net Income
Notes:
(1) Rounded amounts used.
(2) Non-GAAP, see reconciliation table.
© 2018 Mercury Systems, Inc.
FY17
24.9
32.3
8.7
(14.1)
(9.3)
3.5
13.2
(6.7)
59.1
(32.8)
26.3
28%
106%
Q1
18.0
9.3
0.8
(7.8)
(1.4)
(11.1) (11.3)
12.8
(1.2)
(14.0)
(0.7)
(20.1) (14.6)
8.0
(3.6)
4.4
Q2
18%
24%
9.1
9.6
4.7
8.8
(4.0)
4.8
18%
53%
FY18
Q3
3.7
11.4
3.3
(10.6)
(2.5)
(8.7)
4.2
(17.5)
0.9
(3.5)
(2.6)
n.a.
n.a.
Q4
10.1
12.0
5.1
(2.9)
8.7
(8.2)
0.8
(1.6)
25.6
(4.0)
21.6
57%
214%
FY18
Total
40.9
42.3
14.0
(22.8)
(16.2)
(5.3)
(9.5)
(53.8)
43.3
(15.1)
28.2
24%
69%
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