Vertex Energy, Inc (VTNR) financial statements (2021 and earlier)
Company profile
| Business Address |
1331 GEMINI STREET HOUSTON, TX 77058 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| SIC | 2911 - Petroleum Refining (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 4 | 1 | 1 | 2 | 1 | 6 | ||
| Cash and cash equivalents | 4 | 1 | 1 | 2 | 1 | 6 | ||
| Restricted cash and investments | 2 | |||||||
| Receivables | 12 | 9 | 11 | 11 | 6 | 10 | ||
| Inventory, net of allowances, customer advances and progress billings | 7 | 8 | 6 | 4 | 4 | 13 | ||
| Inventory | 7 | 8 | 6 | 4 | 4 | 13 | ||
| Prepaid expense | 3 | 2 | 3 | 1 | 1 | |||
| Derivative instruments and hedges, assets | 1 | |||||||
| Disposal group, including discontinued operation | 11 | |||||||
| Costs in excess of billings | ✕ | ✕ | 1 | |||||
| Other undisclosed current assets | 5 | 2 | 3 | |||||
| Total current assets: | 27 | 24 | 20 | 21 | 23 | 34 | ||
| Noncurrent Assets | ||||||||
| Finance lease, right-of-use asset | 1 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, right-of-use asset | 36 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 45 | 47 | 49 | 50 | 53 | 56 | ||
| Intangible assets, net (including goodwill) | 11 | 13 | 14 | 15 | 17 | 23 | ||
| Goodwill | 0 | 5 | ||||||
| Intangible assets, net (excluding goodwill) | 11 | 13 | 14 | 15 | 17 | 19 | ||
| Deferred costs | 2 | 2 | ||||||
| Deferred income tax assets | 0 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 1 | 1 | 0 | 1 | 0 | 0 | ||
| Deferred tax assets, net | ✕ | 0 | 0 | |||||
| Other undisclosed noncurrent assets | 18 | |||||||
| Total noncurrent assets: | 93 | 61 | 64 | 66 | 72 | 100 | ||
| TOTAL ASSETS: | 121 | 84 | 84 | 87 | 95 | 134 | ||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities, including: | 13 | 12 | 10 | 9 | 13 | 22 | ||
| Accounts payable | 8 | 9 | ||||||
| Accrued liabilities | 5 | 3 | ||||||
| Interest and dividends payable | 0 | 0 | 0 | 1 | 0 | |||
| Other undisclosed accounts payable and accrued liabilities | 10 | 9 | 13 | 22 | ||||
| Debt | 11 | 1 | 2 | 10 | 20 | 41 | ||
| Derivative instruments and hedges, liabilities | 0 | |||||||
| Deferred revenue and credits | ✕ | ✕ | 0 | 0 | ||||
| Other undisclosed current liabilities | 4 | 5 | 3 | 2 | ||||
| Total current liabilities: | 25 | 17 | 17 | 22 | 35 | 63 | ||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 43 | 15 | 14 | 2 | 6 | 2 | ||
| Long-term debt, excluding current maturities | 12 | 14 | 14 | 2 | 6 | 2 | ||
| Finance lease, liability | 1 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Capital lease obligations | ✕ | 0 | ||||||
| Operating lease, liability | 30 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 0 | 2 | 4 | 2 | 4 | |||
| Deferred tax liabilities, net | ✕ | 4 | ||||||
| Business combination, contingent consideration, liability | 0 | 0 | ||||||
| Derivative instruments and hedges, liabilities | 2 | 4 | 2 | |||||
| Other undisclosed noncurrent liabilities | 2 | 1 | 6 | |||||
| Total noncurrent liabilities: | 45 | 16 | 16 | 6 | 7 | 12 | ||
| Total liabilities: | 70 | 33 | 33 | 29 | 42 | 75 | ||
| Temporary equity, carrying amount | 28 | 22 | 23 | 12 | ||||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent, including: | 22 | 27 | 28 | 41 | 41 | 59 | ||
| Preferred stock | 0 | 0 | ||||||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Additional paid in capital | 82 | 75 | 68 | 69 | 53 | 47 | ||
| Retained earnings (accumulated deficit) | (59) | (48) | (40) | (28) | (12) | 12 | ||
| Other undisclosed stockholders' equity attributable to parent | 0 | 0 | 0 | 0 | ||||
| Stockholders' equity attributable to noncontrolling interest | 1 | 1 | 0 | 0 | ||||
| Total stockholders' equity: | 23 | 29 | 28 | 41 | 41 | 59 | ||
| Other undisclosed liabilities and equity | 17 | |||||||
| TOTAL LIABILITIES AND EQUITY: | 121 | 84 | 84 | 87 | 95 | 134 | ||
Income statement (P&L) ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 163 | 181 | 145 | 98 | 147 | 259 | |
| Revenue, net | ✕ | ✕ | 145 | 98 | 147 | 259 | |
| Cost of revenue | (135) | (151) | (123) | (82) | (136) | (244) | |
| Gross profit: | 29 | 29 | 22 | 16 | 11 | 15 | |
| Operating expenses | (31) | (29) | (28) | (26) | (25) | (33) | |
| Other undisclosed operating income | 8 | ||||||
| Operating income (loss): | (3) | 0 | (6) | (10) | (14) | (10) | |
| Nonoperating income (expense) | (3) | (2) | (2) | 6 | (3) | 5 | |
| Investment income, nonoperating | (1) | (1) | 1 | ||||
| Other nonoperating income (expense) | 1 | 0 | 0 | 0 | (0) | 0 | |
| Interest and debt expense | (3) | (3) | (1) | (1) | (4) | (3) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 3 | 3 | 1 | 1 | 4 | 3 | |
| Loss from continuing operations before income taxes: | (5) | (2) | (8) | (4) | (17) | (6) | |
| Income tax expense (benefit) | 0 | 0 | (5) | (0) | |||
| Net loss: | (5) | (2) | (8) | (4) | (23) | (6) | |
| Net income (loss) attributable to noncontrolling interest | 0 | (0) | (0) | (0) | 0 | ||
| Net loss attributable to parent: | (5) | (2) | (8) | (4) | (23) | (6) | |
| Preferred stock dividends and other adjustments | (4) | (6) | (3) | (12) | (2) | ||
| Other undisclosed net loss available to common stockholders, basic | (2) | ||||||
| Net loss available to common stockholders, diluted: | (11) | (8) | (12) | (16) | (24) | (6) | |
Comprehensive Income ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|
| Net loss: | (5) | (2) | (8) | (4) | (23) | (6) | |
| Comprehensive loss: | (5) | (2) | (8) | (4) | (23) | (6) | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 0 | (0) | (0) | (0) | (0) | ||
| Comprehensive loss, net of tax, attributable to parent: | (5) | (2) | (8) | (4) | (23) | (6) | |
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.