METHODE ELECTRONICS INC company info

CIK 65270
IRS Number 362090085
State of incorporation DE
Business address 7401 W WILSON AVE
None
CHICAGO
IL
60706
Mail address 7401 WEST WILSON AVE
None
CHICAGO
IL
60706

Short summary

METHODE ELECTRONICS INC is a Illinois company, with head office located at 7401 W Wilson Ave Chicago, Illinois 60706. The company achieved a record breaking net income in 2014 - 101.10 million USD. In 2017 the company owned a total of 915.90 million USD worth of assets, including 550.00 million USD worth of current assets. An analysis of the recent trend shows a steady growth of company assets, with a 30.10% growth from the last year and a 173.61% increase in the 7 year period. The company net sales last year amounted to 908.30 million USD, which means a 11.24% increase when compared to 2016. The company allocated 37.90 million USD of its income to research and development.

METHODE ELECTRONICS INC Income Statement

Name [in Millions USD]2008200920102011201220132014201520162017Trends
Revenue, Net 377.65428.22465.10519.80772.80881.10809.10816.50908.30
Gross Profit 79.9489.1783.1191.64156.70218.80212.90218.30239.60
Selling, General and Administrative Expense 62.4370.8369.9566.3079.6094100.80105.20115.70
Research and development 19.5120.3623.7025.7024.5027.8027.8037.90
Operating Income (Loss) 7.4415.9411.3639.2073.60112.20109.70110.80118.30
Other Nonoperating Income (Expense) -1.28-0.27-1.302.60
Income Tax Expense (Benefit) -5.96-4.083.24-2.50-20.3019.8026.302366.60
Net income 13.6619.508.3840.7096.10101.1084.6092.9057.20

METHODE ELECTRONICS INC Balance Sheet

Name [in Millions USD]2008200920102011201220132014201520162017Trends
Cash and cash equivalents 54.0363.8257.4586.8065.80116.40168.10227.80294246.10
Accounts Receivable, Net, Current 88.0498.36119.80173170.40175.50165.30202.60
Inventories 38.5643.5659.9371.6070.9066.2057.9084.10
Deferred income taxes 3.783.533.308.701511.800
Property, Plant and Equipment, Gross 298.25277.45297.26323.60309.20325.90336.70434.70
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 236.74200.30198.90222.40215.90232.90246.10272.50
Goodwill 12.1016.4216.4212.91131.701.701.6059.20
Intangible Assets, Net (Excluding Goodwill) 18.4216.6216.471311.308.906.6061
Other Assets, Noncurrent 13.3036.8137.0416.1011.6066.7083.10203.70
Total assets 334.74403.65434.94575.50605.80655.90704915.90
Current assets 195.96240.43258.65381.70438.30496.20530.30550
Non-current assets 77.2786.0677.9392.6074.2066.7080.20
Accounts payable 37.1554.7861.548270.1068.2075.3089.50
Taxes Payable, Current 1.343.453.804.601113
Total current liabilities 63.4991.8890.47119.10130.60117.90124.40157
Long-term Debt 04843.50485572753.40
Total liabilities 162.90352.60
Common Stock, Value, Issued 19.1619.1919.2319.6019.9019.1019.1019.10
Retained Earnings (Accumulated Deficit) 155.99154.01184.37269.20356.50358.60427472
Accumulated Other Comprehensive Income (Loss), Net of Tax 23.1515.5715.6824.70-8.30-8.40-25.7013.90

METHODE ELECTRONICS INC Cash Flow

Name [in Millions USD]2008200920102011201220132014201520162017Trends
Net income 13.6619.508.3840.7096.10101.1084.6092.9057.20
Depreciation 17.1113.3514.351722.1021.9021.502222.50
Amortization of Intangible Assets 2.302.401.811.801.801.502.402.305.60
Depreciation and amortization 15.7616.1618.8025.6023.4023.9024.3028.10
Deferred Income Tax Expense (Benefit) -5.21-1.94-7.21-29.20-0.308.20-3.901
Accounts receivable 12.4417.8513.5321.2049.708.606-5.60-2.80
Inventories -0.658.713.3016.10111.60-4.50-7.407.20
Net Cash Provided by (Used in) Operating Activities 27.3717.0424.8333.2572.40122.90110.70145.20117.80
Payments to Acquire Property, Plant, and Equipment 9.3815.2225.7438.562922.5023.2022.4047.70
Payments to Acquire Businesses, Net of Cash Acquired 00130.90
Payments to Acquire Intangible Assets 0.5300
Net Cash Provided by (Used in) Investing Activities -7.77-16.18-32.10-39.99-22.90-11.30-21.60-21.70-179
Payments for Repurchase of Common Stock 0062.309.800
Payments of Ordinary Dividends, Common Stock 10.4110.3310.3610.3011.3013.8013.5013.7014.70
Net Cash Provided by (Used in) Financing Activities -10.26-9.3037.90-14.20-1.40-48.50-28.70-47-12.70
Cash and Cash Equivalents, Period Increase (Decrease) 9.79-6.3829.35-2150.6051.7059.7066.20-47.90