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)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11161816420
Cash and cash equivalents11161816420
Restricted cash and investments0000 00
Receivables119910121112
Inventory, net of allowances, customer advances and progress billings4444766
Inventory4444766
Prepaid expense3522 71
Derivative instruments and hedges, assets   1   
Other undisclosed current assets    5  
Total current assets:30333334272520
Noncurrent Assets
Finance lease, right-of-use asset2221111
Operating lease, right-of-use asset33343535363637
Nontrade receivables     00
Property, plant and equipment46454444454647
Intangible assets, net (including goodwill), including:9101011111212
Intangible assets, net (excluding goodwill)9   11  
Other undisclosed intangible assets, net (including goodwill) 101011 1212
Deferred income tax assets    0  
Other noncurrent assets2111111
Total noncurrent assets:92929292939597
TOTAL ASSETS:122125125126121121116
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1312128131011
Accounts payable10886888
Accrued liabilities2332522
Interest and dividends payable1100000
Debt55371197
Derivative instruments and hedges, liabilities001 020
Other undisclosed current liabilities666  55
Total current liabilities:24232115252623
Noncurrent Liabilities
Long-term debt and lease obligation37383735434445
Long-term debt, excluding current maturities8875121314
Finance lease, liability1111111
Operating lease, liability28282929303031
Other undisclosed noncurrent liabilities(27)(28)(28)0212
Total noncurrent liabilities:9383835454548
Total liabilities:61615951707171
Temporary equity, carrying amount87535149282924
Stockholders' equity
Stockholders' equity attributable to parent, including:5101425222021
Common stock0000000
Additional paid in capital95949494828076
Accumulated deficit(90)(84)(80)(69)(59)(60)(55)
Other undisclosed stockholders' equity attributable to parent0000000
Stockholders' equity attributable to noncontrolling interest1111111
Total stockholders' equity:6111526232121
Other undisclosed liabilities and equity(32)      
TOTAL LIABILITIES AND EQUITY:122125125126121121116

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues40372136433844
Cost of revenue(35)(32)(22)(27)(31)(32)(37)
Cost of goods and services sold(35)(32)     
Gross profit:55(1)91257
Operating expenses(8)(7)(8)(8)(8)(8)(8)
Operating income (loss):(2)(2)(9)13(3)(1)
Nonoperating income (expense)(0)(0)(0)1(2)10
Investment income, nonoperating 000 10
Interest and debt expense(0)(0)(0)(0)(1)(1)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes0000111
Income (loss) before gain (loss) on sale of properties:(3)(2)(9)21(1)(1)
Other undisclosed net loss (0)     
Net income (loss):(3)(2)(9)21(1)(1)
Net income (loss) attributable to noncontrolling interest(0)(0)(0)0000
Other undisclosed net income attributable to parent 0     
Net income (loss) attributable to parent:(3)(2)(9)31(1)(0)
Preferred stock dividends and other adjustments(2)(2)(2)(11)(1)(2)(1)
Other undisclosed net loss available to common stockholders, basic(0)(0)(1)(1)(1)(1) 
Net loss available to common stockholders, diluted:(6)(4)(11)(9)(0)(4)(1)

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):(3)(2)(9)21(1)(1)
Comprehensive income (loss):(3)(2)(9)21(1)(1)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(0)(0)0000
Comprehensive income (loss), net of tax, attributable to parent:(3)(3)(9)31(1)(0)

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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