Methode Electronics, Inc. (MEI) financial statements (2020 and earlier)

Company profile

Business Address 8750 WEST BRYN MAWR AVENUE
CHICAGO, IL 60631
State of Incorp. DE
Fiscal Year End April 30
SIC 3678 - Electronic Connectors (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

1/31/2020
TTM
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
4/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8083246294228168116
Cash and cash equivalents8083246294228168116
Receivables238234205166176170173
Inventory, net of allowances, customer advances and progress billings1261178458667172
Inventory1261178458667172
Deferred tax assets   1215 
Other undisclosed current assets20201513151421
Total current assets:464454550530496438382
Noncurrent Assets
Property, plant and equipment 19216291 93101
Intangible assets, net (including goodwill) 498  112426
Goodwill 233  21313
Intangible assets, net (excluding goodwill) 265  91113
Regulated entity, other noncurrent assets 3     
Other noncurrent assets818 2048312128
Deferred tax assets, net   2832 
Other undisclosed noncurrent assets 85  17(87)(43)
Total noncurrent assets:818778366174677493
Other undisclosed assets    9393101
TOTAL ASSETS:1,2821,232916704656606576
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities143165153124116129118
Accounts payable89929075687082
Accrued liabilities23342218171716
Employee-related liabilities20202319173115
Taxes payable1119191313115
Debt21164    
Other undisclosed current liabilities    221
Total current liabilities:164181157124118131119
Noncurrent Liabilities
Long-term debt and lease obligation2642782    
Long-term debt, excluding current maturities242277     
Capital lease obligations12    
Operating lease, liability22
Liabilities, other than long-term debt46485712111116
Accounts payable and accrued liabilities293343    
Deferred compensation liability, classified  1098713
Other liabilities171553343
Other undisclosed noncurrent liabilities3635 2757548
Total noncurrent liabilities:3463615939681664
Total liabilities:509542216163186147183
Stockholders' equity
Stockholders' equity attributable to parent773690630541470459392
Common stock19191919192020
Treasury stock, value(12)(12)(12)(12)(12)(12)(11)
Additional paid in capital15615013713211210290
Accumulated other comprehensive income (loss)(16)(14)14(26)(8)(8)25
Retained earnings626545472427359357269
Stockholders' equity attributable to noncontrolling interest     00
Total stockholders' equity:773690630541470459392
Other undisclosed liabilities and equity  70    
TOTAL LIABILITIES AND EQUITY:1,2821,232916704656606576

Income statement (P&L) ($ in millions)

1/31/2020
TTM
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
4/30/2014
Revenues1,0791,000908817809881773
Revenue, net908817809881773
Cost of revenue
(Cost of Goods and Services Sold)
(785)(735)(669)(598)(596)(662)(616)
Gross profit:294266240218213219157
Operating expenses(151)(159)(121)(108)(103)(124)(109)
Other undisclosed operating income     1726
Operating income:14410711811111011274
Nonoperating income6565103
Foreign currency transaction gain (loss), before tax (1)(3)0(1)(0)(1)
Other nonoperating income      3
Interest and debt expense(0)(1)     
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(11)(8)(1)018(0)
Income from continuing operations before income taxes:13910412411611112176
Income tax expense (benefit)(23)(12)(67)(23)(26)(20)20
Net income:1169257938510196
Net income (loss) attributable to noncontrolling interest     0(0)
Net income available to common stockholders, diluted:1169257938510196

Comprehensive Income ($ in millions)

1/31/2020
TTM
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
4/30/2014
Net income:1169257938510196
Other undisclosed comprehensive income (loss)   (17)(0)(33)9
Comprehensive income:1169257768568105
Comprehensive income, net of tax, attributable to noncontrolling interest     00
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(8)(28)40   (0)
Comprehensive income, net of tax, attributable to parent:1086497768568105

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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