Mayville Engineering Company, Inc. (MEC)

MEC Balance Sheet

Financials in millions USD. 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	0.31	0.67	0.13	0.12	0.12	0
Cash & Short-Term Investments	0.31	0.67	0.13	0.12	0.12	0
Cash Growth	-99.65%	429.13%	7.63%	-2.48%	12000.00%	-99.97%
Receivables	73.93	62.9	65.94	59.37	45.21	41.78
Inventory	60.82	67.78	71.71	70.16	41.37	45.69
Prepaid Expenses	5.16	3.27	3.53	2.92	2.56	3.01
Total Current Assets	140.21	134.62	141.3	132.57	89.25	90.48
Property, Plant & Equipment	198.63	207.98	181.84	120.75	109.27	128.29
Goodwill	92.65	92.65	71.54	71.54	71.54	71.54
Other Intangible Assets	55.2	58.67	43.81	50.76	61.47	72.17
Other Long-Term Assets	0.22	2.74	2.09	3.87	7.01	1.11
Total Assets	488.15	496.66	440.58	379.47	338.53	363.58
Accounts Payable	53.96	46.53	53.74	50.12	33.5	32.17
Accrued Expenses	12.62	9.76	32.21	13.97	17.56	14.51
Current Portion of Long-Term Debt	0.5	0.81	-	-	-	-
Current Portion of Leases	5.35	5.51	5.25	-	0.63	0.6
Current Unearned Revenue	3.06	3.64	6.14	6.14	1.06	0.91
Other Current Liabilities	6.34	5.47	5.12	7.14	-	-
Total Current Liabilities	81.83	71.71	102.45	77.37	52.74	48.19
Long-Term Debt	123.94	149.37	72.24	67.61	45.26	72.57
Long-Term Leases	27.14	29.08	32.68	-	2.06	2.69
Long-Term Deferred Tax Liabilities	12.85	12.61	11.82	8.64	11.89	14.19
Other Long-Term Liabilities	4.32	3.92	3.54	27.58	25.73	25.05
Total Liabilities	250.07	266.68	222.71	181.2	137.68	162.69
Additional Paid-In Capital	207.45	205.37	200.95	197.19	190.79	183.69
Retained Earnings	41.14	34.12	26.27	7.55	15	22.09
Treasury Stock	-10.51	-9.51	-9.35	-6.46	-4.93	-4.88
Shareholders' Equity	238.08	229.98	217.87	198.27	200.86	200.9
Total Liabilities & Equity	488.15	496.66	440.58	379.47	338.53	363.58
Total Debt	156.92	184.76	110.16	67.61	47.94	75.86
Net Cash (Debt)	-156.61	-184.09	-110.03	-67.49	-47.82	-75.86
Net Cash Per Share	-7.54	-8.89	-5.32	-3.31	-2.40	-4.35
Filing Date Shares Outstanding	20.62	20.36	20.17	20.27	20.06	19.55
Total Common Shares Outstanding	20.47	20.31	20.17	20.34	20.06	19.63
Working Capital	58.38	62.91	38.86	55.19	36.51	42.29
Book Value Per Share	11.63	11.32	10.80	9.75	10.01	10.23
Tangible Book Value	90.23	78.66	102.52	75.98	67.86	57.19
Tangible Book Value Per Share	4.41	3.87	5.08	3.74	3.38	2.91
Land	2.64	2.64	1.03	1.03	1.03	1.26
Buildings	82.04	79.68	59.66	56.24	55.17	58.02
Machinery	331.67	321.86	274.05	244.11	219.87	223.46
Construction In Progress	5.6	9.78	26.44	15.44	3.93	3.15

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