VSE Corporation (VSEC) financial statements (2021 and earlier)

Company profile

Business Address 6348 WALKER LANE
ALEXANDRIA, VA 22310
State of Incorp. DE
Fiscal Year End December 31
SIC 8711 - Engineering Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1111011
Cash and cash equivalents1111011
Receivables1171241201091019193
Other current assets19131518131414
Other undisclosed current assets219203197181166166164
Total current assets:355341333310281273271
Noncurrent Assets
Operating lease, right-of-use asset212425 
Property, plant and equipment43444440505153
Intangible assets, net (including goodwill)409402407412294298302
Goodwill276259259259199199199
Intangible assets, net (excluding goodwill)1321431481539599103
Other noncurrent assets17171716141615
Other undisclosed noncurrent assets   26   
Total noncurrent assets:491487494494358364370
TOTAL ASSETS:846828827804639637641
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities69737560584959
Accounts payable68727459574858
Interest and dividends payable1111111
Deferred revenue 55 
Debt2115149999
Business combination, contingent consideration, liability 111111   
Contract with customer, liability5   
Other undisclosed current liabilities75363035373633
Total current liabilities:16413913612010595101
Noncurrent Liabilities
Long-term debt and lease obligation278283295266151165172
Long-term debt, excluding current maturities253258269266151165172
Operating lease, liability242526 
Liabilities, other than long-term debt36495035171918
Deferred compensation liability, classified18171721171918
Deferred income tax liabilities181819 
Business combination, contingent consideration, liability 141414   
Other undisclosed noncurrent liabilities5  46373839
Total noncurrent liabilities:319332345346206222229
Total liabilities:483472480467310317329
Stockholders' equity
Stockholders' equity attributable to parent363356346338328321311
Common stock1111111
Additional paid in capital29292929272626
Accumulated other comprehensive income (loss)(1)(1)(1)(1)011
Retained earnings334327318309301293284
Total stockholders' equity:363356346338328321311
TOTAL LIABILITIES AND EQUITY:846828827804639637641

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Gross profit:195198189170181169170
Operating expenses(180)(181)(173)(158)(168)(155)(157)
Other operating income, net     2 
Operating income:15171612131614
Income from continuing operations before equity method investments, income taxes:15171612131614
Other undisclosed loss from continuing operations before income taxes(4)(4)(3)(3)(2)(2)(2)
Income from continuing operations before income taxes:1114139111312
Income tax expense(1)(3)(3)(2)(2)(3)(3)
Net income available to common stockholders, diluted:10111079109

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:10111079109
Other comprehensive income (loss)0(0)(1)(1)(0)00
Comprehensive income, net of tax, attributable to parent:1011969109

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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