Methode Electronics (MEI) Financial Statements
Price: $5.73
Market Cap: $204.51M
Avg Volume: 426.54K
Market Cap: $204.51M
Avg Volume: 426.54K
Country: US
Industry: Hardware, Equipment & Parts
Sector: Technology
Industry: Hardware, Equipment & Parts
Sector: Technology
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Methode Electronics.
Income Statement
| Breakdown | April 27, 2024 | April 29, 2023 | April 30, 2022 | May 01, 2021 | May 02, 2020 | April 27, 2019 | April 28, 2018 | April 29, 2017 | April 30, 2016 | May 02, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.11B | $1.18B | $1.16B | $1.09B | $1.02B | $1.00B | $908.30M | $816.50M | $809.10M | $881.10M |
| Cost of Revenue | $935.70M | $915.50M | $898.70M | $813.90M | $741.00M | $734.50M | $668.70M | $598.20M | $596.20M | $662.30M |
| Gross Profit | $178.80M | $264.10M | $264.90M | $274.10M | $282.90M | $265.80M | $239.60M | $218.30M | $212.90M | $218.80M |
| Gross Profit Ratio | 16.04% | 22.39% | 22.77% | 25.19% | 27.63% | 26.57% | 26.38% | 26.74% | 26.31% | 24.83% |
| Research and Development Expenses | $49.10M | $35.00M | $35.70M | $37.10M | $34.90M | $41.20M | $37.90M | $27.80M | $27.80M | $24.50M |
| General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $155.90M | $154.90M | $134.10M | $126.90M | $116.80M | $142.90M | $115.70M | $107.50M | $103.20M | $94.00M |
| Other Expenses | $85.80M | $18.80M | $19.10M | $19.30M | $19.00M | $5.10M | $6.40M | $4.70M | $500.00K | $200.00K |
| Operating Expenses | $292.50M | $173.70M | $153.20M | $146.20M | $135.80M | $159.00M | $121.30M | $107.50M | $103.20M | $95.50M |
| Cost and Expenses | $1.23B | $1.09B | $1.05B | $960.10M | $876.80M | $893.50M | $790.00M | $705.70M | $699.40M | $757.80M |
| Interest Income | $- | $4.00M | $3.70M | $5.20M | $10.10M | $8.30M | $- | $- | $- | $- |
| Interest Expense | $16.70M | $2.70M | $3.50M | $5.20M | $10.10M | $8.30M | $900.00K | $400.00K | $700.00K | $700.00K |
| Depreciation and Amortization | $57.90M | $49.50M | $52.60M | $51.50M | $48.30M | $43.30M | $28.10M | $24.30M | $23.90M | $23.40M |
| EBITDA | $-52.80M | $151.60M | $174.60M | $191.60M | $207.10M | $169.00M | $152.80M | $135.10M | $133.60M | $149.80M |
| EBITDA Ratio | -4.74% | 12.85% | 15.01% | 17.61% | 20.23% | 16.89% | 16.82% | 16.55% | 16.51% | 17.00% |
| Operating Income | $-112.00M | $90.40M | $111.70M | $127.90M | $147.10M | $106.80M | $118.30M | $110.80M | $109.70M | $112.20M |
| Operating Income Ratio | -10.05% | 7.66% | 9.60% | 11.76% | 14.37% | 10.68% | 13.02% | 13.57% | 13.56% | 12.73% |
| Total Other Income Expenses Net | $-16.10M | $-300.00K | $6.80M | $7.00M | $1.60M | $-3.20M | $5.50M | $5.10M | $1.20M | $8.60M |
| Income Before Tax | $-128.10M | $90.10M | $118.50M | $134.90M | $148.70M | $103.60M | $123.80M | $115.90M | $110.90M | $120.80M |
| Income Before Tax Ratio | -11.49% | 7.64% | 10.18% | 12.40% | 14.52% | 10.36% | 13.63% | 14.19% | 13.71% | 13.71% |
| Income Tax Expense | $-4.80M | $13.00M | $16.30M | $12.60M | $25.30M | $12.00M | $66.60M | $23.00M | $26.30M | $19.80M |
| Net Income | $-123.30M | $77.10M | $102.20M | $122.30M | $123.40M | $91.60M | $57.20M | $92.90M | $84.60M | $101.10M |
| Net Income Ratio | -11.06% | 6.54% | 8.78% | 11.24% | 12.05% | 9.16% | 6.30% | 11.38% | 10.46% | 11.47% |
| EPS | $-3.48 | $2.14 | $2.74 | $3.22 | $3.28 | $2.45 | $1.53 | $2.49 | $2.21 | $2.61 |
| EPS Diluted | $-3.48 | $2.10 | $2.70 | $3.19 | $3.26 | $2.43 | $1.52 | $2.48 | $2.20 | $2.57 |
| Weighted Average Shares Outstanding | 35.47M | 36.02M | 37.23M | 38.04M | 37.57M | 37.41M | 37.28M | 37.28M | 38.33M | 38.69M |
| Weighted Average Shares Outstanding Diluted | 35.47M | 36.78M | 37.82M | 38.31M | 37.84M | 37.67M | 37.54M | 37.49M | 38.47M | 39.27M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | April 27, 2024 | April 29, 2023 | April 30, 2022 | May 01, 2021 | May 02, 2020 | April 27, 2019 | April 28, 2018 | April 29, 2017 | April 30, 2016 | May 02, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $161.50M | $157.00M | $172.00M | $233.20M | $217.30M | $83.20M | $246.10M | $294.00M | $227.80M | $168.10M |
| Short Term Investments | $- | $1.60M | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $161.50M | $157.00M | $172.00M | $233.20M | $217.30M | $83.20M | $246.10M | $294.00M | $227.80M | $168.10M |
| Net Receivables | $266.60M | $314.30M | $273.30M | $282.50M | $188.50M | $219.30M | $202.60M | $165.30M | $175.50M | $170.40M |
| Inventory | $186.20M | $159.70M | $158.50M | $124.20M | $131.00M | $116.70M | $84.10M | $57.90M | $66.20M | $70.90M |
| Other Current Assets | $23.40M | $33.40M | $25.20M | $34.10M | $28.80M | $34.30M | $17.20M | $13.10M | $26.70M | $28.90M |
| Total Current Assets | $637.70M | $664.40M | $629.00M | $674.00M | $565.60M | $453.50M | $550.00M | $530.30M | $496.20M | $438.30M |
| Property Plant Equipment Net | $238.80M | $248.70M | $217.00M | $226.30M | $225.40M | $191.90M | $162.20M | $90.60M | $93.00M | $93.30M |
| Goodwill | $169.90M | $301.90M | $233.00M | $235.60M | $231.60M | $233.30M | $59.20M | $1.60M | $1.70M | $1.70M |
| Intangible Assets | $256.70M | $256.70M | $207.70M | $229.40M | $244.80M | $264.90M | $61.00M | $6.60M | $8.90M | $11.30M |
| Goodwill and Intangible Assets | $426.60M | $558.60M | $440.70M | $465.00M | $476.40M | $498.20M | $120.20M | $8.20M | $10.60M | $13.00M |
| Long Term Investments | $- | $- | $4.90M | $- | $- | $- | $- | $- | $- | $- |
| Tax Assets | $34.70M | $33.60M | $36.80M | $41.20M | $31.40M | $34.30M | $42.30M | $40.40M | $27.70M | $32.10M |
| Other Non-Current Assets | $65.70M | $73.80M | $60.70M | $60.50M | $71.80M | $53.80M | $41.20M | $34.50M | $28.40M | $29.10M |
| Total Non-Current Assets | $765.80M | $914.70M | $760.10M | $793.00M | $805.00M | $778.20M | $365.90M | $173.70M | $159.70M | $167.50M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $1.40B | $1.58B | $1.39B | $1.47B | $1.37B | $1.23B | $915.90M | $704.00M | $655.90M | $605.80M |
| Account Payables | $132.40M | $138.70M | $108.50M | $122.90M | $73.80M | $91.90M | $89.50M | $75.30M | $68.20M | $70.10M |
| Short Term Debt | $6.90M | $10.00M | $25.00M | $27.10M | $26.30M | $15.70M | $4.40M | $- | $- | $- |
| Tax Payables | $8.10M | $8.10M | $6.60M | $20.30M | $11.60M | $19.30M | $18.70M | $12.70M | $13.00M | $11.00M |
| Deferred Revenue | $- | $- | $- | $- | $- | $19.30M | $18.70M | $- | $- | $- |
| Other Current Liabilities | $84.00M | $71.20M | $48.50M | $52.40M | $32.10M | $54.00M | $44.40M | $36.40M | $36.70M | $49.50M |
| Total Current Liabilities | $231.40M | $228.00M | $188.60M | $222.70M | $143.80M | $180.90M | $157.00M | $124.40M | $117.90M | $130.60M |
| Long Term Debt | $351.30M | $325.40M | $212.30M | $242.70M | $357.20M | $276.90M | $53.40M | $27.00M | $57.00M | $5.00M |
| Deferred Revenue Non-Current | $- | $16.70M | $200.00K | $24.80M | $29.30M | $33.00M | $52.60M | $-6.60M | $5.90M | $5.50M |
| Deferred Tax Liabilities Non-Current | $28.70M | $41.80M | $38.30M | $38.30M | $41.60M | $36.40M | $18.30M | $6.60M | $2.10M | $1.70M |
| Other Non-Current Liabilities | $26.10M | $30.90M | $36.10M | $45.30M | $44.60M | $47.80M | $57.20M | $11.50M | $10.90M | $9.50M |
| Total Non-Current Liabilities | $406.10M | $409.30M | $286.70M | $326.30M | $443.40M | $361.10M | $128.90M | $38.50M | $67.90M | $16.20M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $637.50M | $637.30M | $475.30M | $549.00M | $587.20M | $542.00M | $285.90M | $162.90M | $185.80M | $146.80M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $18.30M | $18.60M | $19.20M | $19.80M | $19.20M | $19.20M | $19.10M | $19.10M | $19.10M | $19.90M |
| Retained Earnings | $612.30M | $772.70M | $763.90M | $746.00M | $651.90M | $545.20M | $472.00M | $427.00M | $358.60M | $356.50M |
| Accumulated Other Comprehensive Income Loss | $-36.70M | $-19.00M | $-26.80M | $6.10M | $-26.90M | $-13.60M | $13.90M | $-25.70M | $-8.40M | $-8.30M |
| Other Total Stockholders Equity | $172.10M | $169.50M | $157.50M | $146.10M | $139.20M | $138.90M | $125.00M | $120.70M | $100.80M | $90.70M |
| Total Stockholders Equity | $766.00M | $941.80M | $913.80M | $918.00M | $783.40M | $689.70M | $630.00M | $541.10M | $470.10M | $458.80M |
| Total Equity | $766.00M | $952.90M | $913.80M | $918.00M | $783.40M | $689.70M | $630.00M | $541.10M | $470.10M | $459.00M |
| Total Liabilities and Stockholders Equity | $1.40B | $1.58B | $1.39B | $1.47B | $1.37B | $1.23B | $915.90M | $704.00M | $655.90M | $605.80M |
| Minority Interest | $- | $11.10M | $- | $- | $- | $- | $- | $- | $- | $200.00K |
| Total Liabilities and Total Equity | $1.40B | $1.58B | $1.39B | $1.47B | $1.37B | $1.23B | $915.90M | $704.00M | $655.90M | $605.80M |
| Total Investments | $12.30M | $1.60M | $4.90M | $- | $- | $- | $- | $- | $- | $- |
| Total Debt | $358.20M | $335.40M | $231.30M | $263.70M | $378.00M | $292.60M | $57.80M | $27.00M | $57.00M | $5.00M |
| Net Debt | $196.70M | $178.40M | $59.30M | $30.50M | $160.70M | $209.40M | $-188.30M | $-267.00M | $-170.80M | $-163.10M |
Cash Flow Statement
| Breakdown | April 27, 2024 | April 29, 2023 | April 30, 2022 | May 01, 2021 | May 02, 2020 | April 27, 2019 | April 28, 2018 | April 29, 2017 | April 30, 2016 | May 02, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-123.30M | $77.10M | $102.20M | $122.30M | $123.40M | $91.60M | $57.20M | $92.90M | $84.60M | $101.00M |
| Depreciation and Amortization | $57.90M | $49.50M | $52.60M | $51.50M | $48.30M | $43.30M | $28.10M | $24.30M | $23.90M | $23.40M |
| Deferred Income Tax | $-20.80M | $-4.60M | $-2.10M | $-9.60M | $8.00M | $-4.40M | $-12.70M | $-3.90M | $8.20M | $-300.00K |
| Stock Based Compensation | $3.60M | $11.50M | $11.80M | $6.80M | $300.00K | $14.00M | $4.00M | $12.40M | $7.40M | $4.30M |
| Change in Working Capital | $23.80M | $-3.50M | $-69.80M | $6.80M | $-39.50M | $-42.20M | $42.80M | $15.40M | $-12.70M | $-8.90M |
| Accounts Receivables | $48.00M | $-21.00M | $-2.00M | $-81.90M | $27.40M | $1.50M | $2.80M | $5.60M | $-6.00M | $-8.60M |
| Inventory | $-30.70M | $8.90M | $-39.30M | $11.30M | $-15.80M | $-3.90M | $-7.20M | $7.40M | $4.50M | $-1.60M |
| Accounts Payables | $-4.70M | $19.80M | $-8.70M | $59.50M | $-47.50M | $-35.40M | $39.80M | $11.10M | $-11.30M | $2.90M |
| Other Working Capital | $11.20M | $-7.70M | $-19.80M | $17.90M | $-3.60M | $-4.40M | $7.40M | $-8.70M | $100.00K | $-1.60M |
| Other Non Cash Items | $106.30M | $2.80M | $4.10M | $2.00M | $100.00K | $-300.00K | $-1.60M | $4.10M | $-700.00K | $3.40M |
| Net Cash Provided by Operating Activities | $47.50M | $132.80M | $98.80M | $179.80M | $140.60M | $102.00M | $117.80M | $145.20M | $110.70M | $122.90M |
| Investments in Property Plant and Equipment | $-50.20M | $-42.00M | $-38.00M | $-24.90M | $-45.10M | $-49.80M | $-48.40M | $-22.40M | $-23.20M | $-22.50M |
| Acquisitions Net | $10.40M | $-114.60M | $600.00K | $100.00K | $600.00K | $-421.00M | $-130.60M | $700.00K | $1.60M | $11.20M |
| Purchases of Investments | $- | $- | $-600.00K | $-100.00K | $- | $- | $-300.00K | $- | $- | $- |
| Sales Maturities of Investments | $600.00K | $- | $300.00K | $1.40M | $- | $1.10M | $300.00K | $700.00K | $1.60M | $11.20M |
| Other Investing Activities | $21.70M | $3.50M | $300.00K | $-1.30M | $600.00K | $-1.10M | $-400.00K | $-700.00K | $-1.60M | $-11.20M |
| Net Cash Used for Investing Activities | $-17.50M | $-153.10M | $-37.40M | $-24.80M | $-44.50M | $-470.80M | $-179.00M | $-21.70M | $-21.60M | $-11.30M |
| Debt Repayment | $30.50M | $73.30M | $-29.90M | $-115.70M | $58.40M | $238.50M | $2.00M | $-30.00M | $52.00M | $-43.00M |
| Common Stock Issued | $- | $- | $- | $- | $400.00K | $1.70M | $300.00K | $- | $- | $- |
| Common Stock Repurchased | $-13.70M | $-48.10M | $-64.50M | $-6.70M | $-400.00K | $-1.70M | $-300.00K | $-9.80M | $-62.30M | $- |
| Dividends Paid | $-19.90M | $-19.80M | $-20.40M | $-17.40M | $-16.30M | $-16.30M | $-14.70M | $-13.70M | $-13.50M | $-13.80M |
| Other Financing Activities | $-15.80M | $-2.20M | $200.00K | $-3.10M | $-400.00K | $-4.80M | $300.00K | $6.50M | $-4.90M | $8.30M |
| Net Cash Used Provided by Financing Activities | $-18.90M | $3.20M | $-114.60M | $-142.90M | $41.70M | $217.40M | $-12.70M | $-47.00M | $-28.70M | $-48.50M |
| Effect of Forex Changes on Cash | $-6.60M | $2.10M | $-8.00M | $3.80M | $-3.70M | $-11.50M | $26.00M | $-10.30M | $-700.00K | $-11.40M |
| Net Change in Cash | $4.50M | $-15.00M | $-61.20M | $15.90M | $134.10M | $-162.90M | $-47.90M | $66.20M | $59.70M | $51.70M |
| Cash at End of Period | $161.50M | $157.00M | $172.00M | $233.20M | $217.30M | $83.20M | $246.10M | $294.00M | $227.80M | $168.10M |
| Cash at Beginning of Period | $157.00M | $172.00M | $233.20M | $217.30M | $83.20M | $246.10M | $294.00M | $227.80M | $168.10M | $116.40M |
| Operating Cash Flow | $47.50M | $132.80M | $98.80M | $179.80M | $140.60M | $102.00M | $117.80M | $145.20M | $110.70M | $122.90M |
| Capital Expenditure | $-50.20M | $-42.00M | $-38.00M | $-24.90M | $-45.10M | $-49.80M | $-48.40M | $-22.40M | $-23.20M | $-22.50M |
| Free Cash Flow | $-2.70M | $90.80M | $60.80M | $154.90M | $95.50M | $52.20M | $69.40M | $122.80M | $87.50M | $100.40M |