MEI: the balance sheet

MyFinsight

METHODE ELECTRONICS INC (MEI)

Balance Sheets	2026-05-02
Cash and cash equivalents	139,600
Accounts receivable, net	257,300
Inventories, net	178,700
Income tax receivable	3,200
Prepaid expenses and other current assets	21,200
Total current assets	600,000
Total property, plant and equipment, gross	593,800
Less accumulated depreciation	384,500
Property, plant and equipment, net	209,300
Goodwill	174,900
Other intangible assets, net	218,900
Operating lease right-of-use assets, net	20,500
Deferred tax assets	39,500
Pre-production costs	18,200
Other long-term assets	24,800
Total long-term assets	706,100
Total assets	1,306,100

Accounts payable	134,100
Accrued employee liabilities	49,100
Other accrued liabilities	45,600
Short-term operating lease liabilities	8,900
Short-term debt	200
Income tax payable	15,600
Total current liabilities	253,500
Long-term debt	324,800
Long-term operating lease liabilities	14,800
Other long-term liabilities	5,800
Deferred tax liabilities	29,700
Total long-term liabilities	375,100
Total liabilities	628,600
Common stock, 0.50 par value, 100,000,000 shares authorized, 36,806,583 shares and 37,151,365 shares issued as of may 2, 2026 and may 3, 2025, respectively	18,400
Additional paid-in capital	200,100
Accumulated other comprehensive loss	-8,800
Treasury stock, 1,346,624 shares as of may 2, 2026 and may 3, 2025	11,500
Retained earnings	479,300
Total shareholders' equity	677,500
Total liabilities and shareholders' equity	1,306,100

Unit: Thousand (K) dollars (except for numbers of shares and EPS).