GSE Systems, Inc. (GVP) financial statements (2021 and earlier)

Company profile

Business Address 1332 LONDONTOWN BLVD
SYKESVILLE, MD 21784
State of Incorp. DE
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments818111291011
Cash and cash equivalents818111291011
Receivables11121417171919
Prepaid expense   1   
Other current assets   1   
Other undisclosed current assets222 222
Total current assets:21332731273132
Noncurrent Assets
Operating lease, right-of-use asset222244 
Property, plant and equipment1111111
Intangible assets, net (including goodwill)18181924252526
Goodwill13131313171717
Intangible assets, net (excluding goodwill)55610889
Deferred costs1111111
Deferred income tax assets   07  
Other noncurrent assets0000000
Deferred tax assets, net8
Other undisclosed noncurrent assets     74
Total noncurrent assets:21222228373839
TOTAL ASSETS:42544959646971
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6666777
Accounts payable0111122
Accrued liabilities1112212
Employee-related liabilities2222333
Taxes payable2221111
Deferred revenue676846 
Debt4111418555
Contract with customer, liability8
Other liabilities1211111
Other undisclosed current liabilities1331111
Total current liabilities:18293234182022
Noncurrent Liabilities
Long-term debt and lease obligation121233182017
Long-term debt, excluding current maturities1010  151617
Operating lease, liability223333 
Liabilities, other than long-term debt0111112
Accounts payable and accrued liabilities      1
Other liabilities0111111
Other undisclosed noncurrent liabilities      3
Total noncurrent liabilities:121344192122
Total liabilities:30423538374144
Stockholders' equity
Stockholders' equity attributable to parent11121420272827
Common stock0000000
Treasury stock, value(3)(3)(3)(3)(3)(3)(3)
Additional paid in capital80807979797979
Accumulated other comprehensive loss(2)(2)(2)(2)(2)(2)(2)
Accumulated deficit(64)(63)(61)(55)(48)(47)(47)
Total stockholders' equity:11121420272827
TOTAL LIABILITIES AND EQUITY:42544959646971

Income statement (P&L) ($ in millions)

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
Revenues13141817202322
Cost of revenue
(Cost of Goods and Services Sold)
(10)(11)(14)(12)(15)(18)(17)
Gross profit:3445565
Operating expenses(4)(5)(10)(7)(5)(5)(11)
Operating income (loss):(0)(2)(6)(2)(0)1(6)
Nonoperating income (expense)(0)0(0)2(0)(0)0
Investment income, nonoperating00(0)0(0)(0)0
Other nonoperating income (expense)(0)0020(0)0
Other undisclosed loss from continuing operations before equity method investments, income taxes(0)(0)(0)(0)(0)(0)(0)
Income (loss) from continuing operations before income taxes:(1)(2)(6)0(1)0(6)
Income tax expense (benefit)(0)(0)0(7)(1)(0)2
Net loss available to common stockholders, diluted:(1)(2)(6)(7)(1)(0)(4)

Comprehensive Income ($ in millions)

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
Net loss:(1)(2)(6)(7)(1)(0)(4)
Comprehensive loss:(1)(2)(6)(7)(1)(0)(4)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent00(0)(0)(0)0(0)
Comprehensive loss, net of tax, attributable to parent:(1)(2)(6)(7)(1)(0)(4)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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