Fourth quarter fiscal 2013 GAAP net loss includes approximately $1.9 million in tax benefits, $2.0 million in depreciation expense, $2.3 million in amortization of acquired intangible assets, $1.7 million in stock-based compensation costs, and $1.6 million in restructuring charges. Fourth quarter fiscal 2013 adjusted EBITDA (net income before interest income and expense, income taxes, depreciation, amortization of acquired intangible assets, restructuring, impairment of long-lived assets, acquisition costs and other related expenses, fair value adjustments from purchase accounting, and stock-based compensation costs) was $3.8 million, compared to $5.2 million for the preceding quarter and $9.3 million for the prior year's fourth quarter.Cash flows from operating activities were a net inflow of $4.8 million in the fourth quarter of fiscal 2013, compared to a net inflow of $1.7 million in the third quarter of fiscal 2013 and a net inflow of $4.2 million in the fourth quarter of fiscal 2012. Free cash flow, defined as cash flow from operating activities less capital expenditures, in the fourth quarter of fiscal 2013 was a net inflow of $3.2 million, compared to a net inflow of $1.2 million in the third quarter of fiscal 2013 and a net inflow of $1.2 million in the fourth quarter of fiscal 2012. Cash and cash equivalents as of June 30, 2013 were $39.1 million, an increase of $4.0 million from March 31, 2013, largely due to cash generated by operating activities.
Mercury Systems Reports Fourth Quarter And Fiscal 2013 Results
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