Mears Group plc (LON: MER)

Mears Group Balance Sheet

Financials in millions GBP. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	138.76	138.76	98.14	54.63	96.22	72.91
Short-Term Investments	7.09	7.09	1.96	-	-	-
Cash & Short-Term Investments	145.85	145.85	100.1	54.63	96.22	72.91
Cash Growth	45.70%	45.70%	83.23%	-43.22%	31.97%	161.55%
Accounts Receivable	102.93	102.93	106.28	126.25	128.43	147.01
Other Receivables	4.06	4.06	7.97	7.16	3.39	9.72
Total Receivables	106.99	106.99	114.25	133.41	131.82	156.73
Inventory	1.46	1.46	6.88	22.87	31.26	36.05
Prepaid Expenses	18.93	18.93	13.26	9.28	6.52	6.11
Other Current Assets	0.77	0.77	1.28	7.77	1.91	12.44
Total Current Assets	274	274	235.77	227.96	267.72	284.23
Gross Property, Plant & Equipment	464.55	464.55	375.15	344.39	328.47	308.49
Accumulated Depreciation	-192.37	-192.37	-141.53	-118.73	-104.83	-83.78
Net Property, Plant & Equipment	272.18	272.18	233.62	225.66	223.64	224.71
Long-Term Investments	0.62	0.62	1.27	0.71	0.97	0.54
Goodwill	121.87	121.87	121.87	118.87	118.87	123.2
Other Intangible Assets	3.1	3.1	3.13	2.65	10.3	19.83
Long-Term Deferred Tax Assets	-	-	-	-	3.32	-
Long-Term Deferred Charges	3.95	3.95	4.32	3.96	4.9	8.81
Other Long-Term Assets	19.84	19.84	26.81	50.63	43.2	32.06
Total Assets	700.01	700.01	630.87	633.92	676.09	693.38
Accounts Payable	58.65	58.65	55.85	69.56	114.71	125.05
Accrued Expenses	94.35	94.35	86.62	81.07	77.78	68.46
Short-Term Debt	36.7	36.7	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	0.46	0.12
Current Portion of Leases	54.49	54.49	44.38	41.6	42.89	39.18
Current Income Taxes Payable	0.11	0.11	-	-	-	0.66
Current Unearned Revenue	28.49	28.49	23.67	27.84	25.33	2.11
Other Current Liabilities	13.95	13.95	13.65	10.06	3.55	13.14
Total Current Liabilities	286.74	286.74	224.17	230.12	264.72	248.72
Long-Term Debt	-	-	-	-	39.82	124.09
Long-Term Leases	199.95	199.95	181.05	175.29	166.18	166
Long-Term Deferred Tax Liabilities	2.91	2.91	4.9	6.68	-	1.57
Other Long-Term Liabilities	9.79	9.79	3.79	3.8	3.67	4.7
Total Liabilities	499.55	499.55	417.04	432.88	520.04	575.04
Common Stock	1.02	1.02	1.11	1.11	1.11	1.11
Additional Paid-In Capital	2.33	2.33	82.35	82.27	82.23	82.22
Retained Earnings	189.43	189.43	119.1	107.58	63.54	19.84
Comprensive Income & Other	9.85	9.85	9.77	9.28	8.52	15.25
Total Common Equity	197.51	197.51	212.33	200.24	155.39	118.42
Minority Interest	2.95	2.95	1.49	0.8	0.66	-0.09
Shareholders' Equity	200.46	200.46	213.83	201.04	156.05	118.34
Total Liabilities & Equity	700.01	700.01	630.87	633.92	676.09	693.38
Total Debt	291.14	291.14	225.42	216.89	249.35	329.38
Net Cash (Debt)	-145.29	-145.29	-125.32	-162.26	-153.13	-256.47
Net Cash Per Share	-1.32	-1.32	-1.10	-1.44	-1.38	-2.31
Filing Date Shares Outstanding	99.66	99.66	111	110.93	110.88	110.49
Total Common Shares Outstanding	99.66	99.66	111	110.93	110.88	110.49
Working Capital	-12.75	-12.75	11.6	-2.16	3	35.52
Book Value Per Share	1.98	1.98	1.91	1.81	1.40	1.07
Tangible Book Value	72.54	72.54	87.33	78.71	26.22	-24.61
Tangible Book Value Per Share	0.73	0.73	0.79	0.71	0.24	-0.22
Machinery	16.14	16.14	15.79	31.9	38.68	51.38
Construction In Progress	-	-	-	-	5.84	4.73
Order Backlog	2,500	2,500	2,900	2,400	2,600	2,500

Source: S&P Capital IQ. Standard template.