Methode Electronics, Inc. (MEI) financial statements (2021 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)

1/31/2021
TTM
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21921783246294228168
Cash and cash equivalents21921783246294228168
Receivables284201234205166176170
Inventory, net of allowances, customer advances and progress billings12413111784586671
Inventory12413111784586671
Deferred tax assets   1215
Other undisclosed current assets18162015131514
Total current assets:645566454550530496438
Noncurrent Assets
Property, plant and equipment  19216291 93
Intangible assets, net (including goodwill)  498  1124
Goodwill  233  213
Intangible assets, net (excluding goodwill)  265  911
Regulated entity, other noncurrent assets  3    
Other noncurrent assets800805 204831212
Deferred tax assets, net   2832
Other undisclosed noncurrent assets  85  17(87)
Total noncurrent assets:8008057783661746774
Other undisclosed assets     9393
TOTAL ASSETS:1,4451,3711,232916704656606
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities187123165153124116129
Accounts payable118749290756870
Accrued liabilities33193422181717
Employee-related liabilities27192023191731
Taxes payable10121919131311
Debt1521164   
Other undisclosed current liabilities6    22
Total current liabilities:209144181157124118131
Noncurrent Liabilities
Long-term debt and lease obligation2483572782   
Long-term debt, excluding current maturities229337277    
Capital lease obligations12   
Operating lease, liability1920
Liabilities, other than long-term debt90864857121111
Accounts payable and accrued liabilities26293343   
Deferred compensation liability, classified   10987
Deferred income tax liabilities4242
Other liabilities2215155334
Other undisclosed noncurrent liabilities  35 27575
Total noncurrent liabilities:33844336159396816
Total liabilities:547587542216163186147
Stockholders' equity
Stockholders' equity attributable to parent898783690630541470459
Common stock20191919191920
Treasury stock, value(12)(12)(12)(12)(12)(12)(12)
Additional paid in capital154151150137132112102
Accumulated other comprehensive income (loss)8(27)(14)14(26)(8)(8)
Retained earnings727652545472427359357
Stockholders' equity attributable to noncontrolling interest      0
Total stockholders' equity:898783690630541470459
Other undisclosed liabilities and equity   70   
TOTAL LIABILITIES AND EQUITY:1,4451,3711,232916704656606

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

1/31/2021
TTM
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
Revenues9981,0241,000908817809881
Revenue, net908817809881
Cost of revenue
(Cost of Goods and Services Sold)
(740)(741)(735)(669)(598)(596)(662)
Gross profit:258283266240218213219
Operating expenses(127)(136)(159)(121)(108)(103)(124)
Other undisclosed operating income      17
Operating income:131147107118111110112
Nonoperating income141256510
Foreign currency transaction gain (loss), before tax  (1)(3)0(1)(0)
Interest and debt expense(0)(1)(1)    
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes3 (8)(1)018
Income from continuing operations before equity method investments, income taxes:148158104124116111121
Other undisclosed loss from continuing operations before income taxes(9)(9)     
Income from continuing operations before income taxes:138149104124116111121
Income tax expense(17)(25)(12)(67)(23)(26)(20)
Net income:12112392579385101
Net income attributable to noncontrolling interest      0
Net income available to common stockholders, diluted:12112392579385101

Comprehensive Income ($ in millions)

1/31/2021
TTM
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
Net income:12112392579385101
Other comprehensive income (loss)35(13)     
Other undisclosed comprehensive loss(13)   (17)(0)(33)
Comprehensive income:1431109257768568
Comprehensive income, net of tax, attributable to noncontrolling interest      0
Other undisclosed comprehensive income (loss), net of tax, attributable to parent3 (28)40   
Comprehensive income, net of tax, attributable to parent:1461106497768568

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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