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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	0.18	0.67	0.13	0.12	0.12	0
Cash & Short-Term Investments	0.18	0.67	0.13	0.12	0.12	0
Cash Growth	-92.28%	429.13%	7.63%	-2.48%	12000.00%	-99.97%
Receivables	59.97	62.9	65.94	59.37	45.21	41.78
Inventory	61.17	67.78	71.71	70.16	41.37	45.69
Prepaid Expenses	4.93	3.27	3.53	2.92	2.56	3.01
Total Current Assets	126.25	134.62	141.3	132.57	89.25	90.48
Property, Plant & Equipment	192.25	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	53.47	58.67	43.81	50.76	61.47	72.17
Other Long-Term Assets	0.13	2.74	2.09	3.87	7.01	1.11
Total Assets	466	496.66	440.58	379.47	338.53	363.58
Accounts Payable	47.99	46.53	53.74	50.12	33.5	32.17
Accrued Expenses	10.72	9.76	32.21	13.97	17.56	14.51
Current Portion of Long-Term Debt	0.5	0.81	-	-	-	-
Current Portion of Leases	5.19	5.51	5.25	-	0.63	0.6
Current Unearned Revenue	2.33	3.64	6.14	6.14	1.06	0.91
Other Current Liabilities	4.64	5.47	5.12	7.14	-	-
Total Current Liabilities	71.38	71.71	102.45	77.37	52.74	48.19
Long-Term Debt	112.92	149.37	72.24	67.61	45.26	72.57
Long-Term Leases	25.9	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	4.6	3.92	3.54	27.58	25.73	25.05
Total Liabilities	227.65	266.68	222.71	181.2	137.68	162.69
Additional Paid-In Capital	205.75	205.37	200.95	197.19	190.79	183.69
Retained Earnings	44.12	34.12	26.27	7.55	15	22.09
Treasury Stock	-11.51	-9.51	-9.35	-6.46	-4.93	-4.88
Shareholders' Equity	238.36	229.98	217.87	198.27	200.86	200.9
Total Liabilities & Equity	466	496.66	440.58	379.47	338.53	363.58
Total Debt	144.51	184.76	110.16	67.61	47.94	75.86
Net Cash (Debt)	-144.33	-184.09	-110.03	-67.49	-47.82	-75.86
Net Cash Per Share	-6.91	-8.89	-5.32	-3.31	-2.40	-4.35
Filing Date Shares Outstanding	20.64	20.36	20.17	20.27	20.06	19.55
Total Common Shares Outstanding	20.64	20.31	20.17	20.34	20.06	19.63
Working Capital	54.88	62.91	38.86	55.19	36.51	42.29
Book Value Per Share	11.55	11.32	10.80	9.75	10.01	10.23
Tangible Book Value	92.24	78.66	102.52	75.98	67.86	57.19
Tangible Book Value Per Share	4.47	3.87	5.08	3.74	3.38	2.91
Land	2.59	2.64	1.03	1.03	1.03	1.26
Buildings	82.21	79.68	59.66	56.24	55.17	58.02
Machinery	334.16	321.86	274.05	244.11	219.87	223.46
Construction In Progress	5.53	9.78	26.44	15.44	3.93	3.15

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