v3.25.2

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 27, 2025	Jun. 28, 2024
Current assets:
Cash and cash equivalents	$ 309,099	$ 180,521
Accounts receivable, net of allowance for credit losses of $1,767 and $2,020 at June 27, 2025 and June 28, 2024, respectively	109,588	111,441
Unbilled receivables and costs in excess of billings, net of allowance for credit losses of $5,311 and $6,340 at June 27, 2025 and June 28, 2024, respectively	278,475	304,029
Inventory	332,920	335,300
Prepaid income taxes	457	0
Prepaid expenses and other current assets	27,639	22,493
Total current assets	1,058,178	953,784
Property and equipment, net	101,440	110,353
Goodwill	938,093	938,093
Intangible assets, net	210,611	250,512
Operating lease right-of-use assets, net	52,264	60,860
Deferred tax assets	69,016	58,612
Other non-current assets	5,162	6,691
Total assets	2,434,764	2,378,905
Current liabilities:
Accounts payable	79,116	81,068
Accrued expenses	43,143	42,926
Accrued compensation	51,321	36,398
Income taxes payable	0	109
Deferred revenues and customer advances	126,797	73,915
Total current liabilities	300,377	234,416
Income taxes payable	4,046	7,713
Long-term debt	591,500	591,500
Operating lease liabilities	52,738	62,584
Other non-current liabilities	12,642	9,917
Total liabilities	961,303	906,130
Commitments and contingencies
Shareholders’ equity:
Preferred stock, $0.01 par value; 1,000,000 shares authorized; no shares issued or outstanding	0	0
Common stock, $0.01 par value; 85,000,000 shares authorized; 59,003,174 and 58,093,528 shares issued and outstanding at June 27, 2025 and June 28, 2024, respectively	590	581
Additional paid-in capital	1,287,478	1,242,402
Retained earnings	181,895	219,799
Accumulated other comprehensive income	3,498	9,993
Total shareholders’ equity	1,473,461	1,472,775
Total liabilities and shareholders’ equity	$ 2,434,764	$ 2,378,905

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

MERCURY SYSTEMS INC 10-K