Mears Group plc (LON: MER)

Mears Group Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	107.26	138.76	98.14	54.63	96.22	72.91
Short-Term Investments	-	7.09	1.96	-	-	-
Cash & Short-Term Investments	107.26	145.85	100.1	54.63	96.22	72.91
Cash Growth	-8.43%	45.70%	83.23%	-43.22%	31.97%	161.55%
Accounts Receivable	100.9	102.93	106.28	126.25	128.43	147.01
Other Receivables	3.43	4.06	7.97	7.16	3.39	9.72
Receivables	104.32	106.99	114.25	133.41	131.82	156.73
Inventory	0.79	1.46	6.88	22.87	31.26	36.05
Prepaid Expenses	28.7	18.93	13.26	9.28	6.52	6.11
Other Current Assets	0.16	0.77	1.28	7.77	1.91	12.44
Total Current Assets	241.25	274	235.77	227.96	267.72	284.23
Property, Plant & Equipment	289.8	272.18	233.62	225.66	223.64	224.71
Long-Term Investments	1.11	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	6.55	3.1	3.13	2.65	10.3	19.83
Long-Term Deferred Tax Assets	-	-	-	-	3.32	-
Long-Term Deferred Charges	-	3.95	4.32	3.96	4.9	8.81
Other Long-Term Assets	21.58	19.84	26.81	50.63	43.2	32.06
Total Assets	686.82	700.01	630.87	633.92	676.09	693.38
Accounts Payable	67.15	58.65	55.85	69.56	114.71	125.05
Accrued Expenses	104.51	94.35	86.62	81.07	77.78	68.46
Short-Term Debt	-	36.7	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	0.46	0.12
Current Portion of Leases	51.42	54.49	44.38	41.6	42.89	39.18
Current Income Taxes Payable	0.94	0.11	-	-	-	0.66
Current Unearned Revenue	28.4	28.49	23.67	27.84	25.33	2.11
Other Current Liabilities	23.69	13.95	13.65	10.06	3.55	13.14
Total Current Liabilities	276.1	286.74	224.17	230.12	264.72	248.72
Long-Term Debt	-	-	-	-	39.82	124.09
Long-Term Leases	209.63	199.95	181.05	175.29	166.18	166
Long-Term Deferred Tax Liabilities	3.34	2.91	4.9	6.68	-	1.57
Other Long-Term Liabilities	7.71	9.79	3.79	3.8	3.67	4.7
Total Liabilities	496.84	499.55	417.04	432.88	520.04	575.04
Common Stock	0.96	1.02	1.11	1.11	1.11	1.11
Additional Paid-In Capital	2.54	2.33	82.35	82.27	82.23	82.22
Retained Earnings	182.47	189.43	119.1	107.58	63.54	19.84
Treasury Stock	-9.52	-5.12	-	-	-	-
Comprehensive Income & Other	10.16	9.85	9.77	9.28	8.52	15.25
Total Common Equity	186.6	197.51	212.33	200.24	155.39	118.42
Minority Interest	3.37	2.95	1.49	0.8	0.66	-0.09
Shareholders' Equity	189.98	200.46	213.83	201.04	156.05	118.34
Total Liabilities & Equity	686.82	700.01	630.87	633.92	676.09	693.38
Total Debt	261.05	291.14	225.42	216.89	249.35	329.38
Net Cash (Debt)	-153.79	-145.29	-125.32	-162.26	-153.13	-256.47
Net Cash Per Share	-1.50	-1.32	-1.10	-1.44	-1.38	-2.31
Filing Date Shares Outstanding	96.11	99.66	111	110.93	110.88	110.49
Total Common Shares Outstanding	96.11	99.66	111	110.93	110.88	110.49
Working Capital	-34.86	-12.75	11.6	-2.16	3	35.52
Book Value Per Share	1.94	1.98	1.91	1.81	1.40	1.07
Tangible Book Value	58.18	72.54	87.33	78.71	26.22	-24.61
Tangible Book Value Per Share	0.61	0.73	0.79	0.71	0.24	-0.22
Machinery	-	16.14	15.79	31.9	38.68	51.38
Construction In Progress	-	-	-	-	5.84	4.73
Leasehold Improvements	-	26.74	28.9	24.4	19.17	22.5
Order Backlog	-	2,500	2,900	2,400	2,600	2,500

Source: S&P Capital IQ. Standard template. Financial Sources.