Methode Electronics, Inc. (MEI) financial statements (2022 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)

1/31/2022
TTM
4/30/2021
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments15323321783246294228
Cash and cash equivalents15323321783246294228
Receivables299294201234205166176
Inventory, net of allowances, customer advances and progress billings167124131117845866
Inventory167124131117845866
Deferred tax assets   12
Other undisclosed current assets21231620151315
Total current assets:640674566454550530496
Noncurrent Assets
Property, plant and equipment   19216291 
Intangible assets, net (including goodwill)   498  11
Goodwill   233  2
Intangible assets, net (excluding goodwill)   265  9
Regulated entity, other noncurrent assets   3   
Other noncurrent assets771793805 2048312
Deferred tax assets, net   28
Other undisclosed noncurrent assets   85  17
Total noncurrent assets:77179380577836617467
Other undisclosed assets      93
TOTAL ASSETS:1,4111,4671,3711,232916704656
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities184202123165153124116
Accounts payable1161237492907568
Accrued liabilities25251934221817
Employee-related liabilities27341920231917
Taxes payable17201219191313
Debt131521164  
Other undisclosed current liabilities66    2
Total current liabilities:204223144181157124118
Noncurrent Liabilities
Long-term debt and lease obligation2152433572782  
Long-term debt, excluding current maturities202225337277   
Capital lease obligations12  
Operating lease, liability131820
Liabilities, other than long-term debt76848648571211
Accounts payable and accrued liabilities2225293343  
Deferred compensation liability, classified    1098
Deferred income tax liabilities373842
Other liabilities16211515533
Other undisclosed noncurrent liabilities   35 2757
Total noncurrent liabilities:291326443361593968
Total liabilities:495549587542216163186
Stockholders' equity
Stockholders' equity attributable to parent916918783690630541470
Common stock19201919191919
Treasury stock, value(12)(12)(12)(12)(12)(12)(12)
Additional paid in capital166158151150137132112
Accumulated other comprehensive income (loss)(11)6(27)(14)14(26)(8)
Retained earnings753746652545472427359
Total stockholders' equity:916918783690630541470
Other undisclosed liabilities and equity    70  
TOTAL LIABILITIES AND EQUITY:1,4111,4671,3711,232916704656

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

1/31/2022
TTM
4/30/2021
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
Revenues1,1761,0881,0241,000908817809
Revenue, net908817809
Cost of revenue
(Cost of Goods and Services Sold)
(890)(814)(741)(735)(669)(598)(596)
Gross profit:286274283266240218213
Operating expenses(155)(146)(136)(159)(121)(108)(103)
Operating income:131128147107118111110
Nonoperating income1112125651
Foreign currency transaction gain (loss), before tax   (1)(3)0(1)
Interest and debt expense(0)(1)(1)(1)   
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes2  (8)(1)01
Income from continuing operations before equity method investments, income taxes:143139158104124116111
Other undisclosed loss from continuing operations before income taxes(5)(5)(9)    
Income from continuing operations before income taxes:138135149104124116111
Income tax expense(21)(13)(25)(12)(67)(23)(26)
Net income available to common stockholders, diluted:11712212392579385

Comprehensive Income ($ in millions)

1/31/2022
TTM
4/30/2021
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
Net income:11712212392579385
Other comprehensive income (loss)(19)33(13)    
Other undisclosed comprehensive loss     (17)(0)
Comprehensive income:9815511092577685
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   (28)40  
Comprehensive income, net of tax, attributable to parent:9815511064977685

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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