GP Strategies Corporation (GPX) financial statements (2022 and earlier)

Company profile

Business Address 70 CORPORATE CENTER
COLUMBIA, MD 21044
State of Incorp. DE
Fiscal Year End December 31
SIC 82 - Educational Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 8,15913,41723,61216,34621,030
Cash and cash equivalents 8,15913,41723,61216,34621,030
Receivables 131,852107,673119,335105,54990,912
Costs in excess of billings42,95839,31846,061
Other undisclosed current assets 76,34499,81214,21211,4819,173
Total current assets: 216,355220,902200,117172,694167,176
Noncurrent Assets
Property, plant and equipment 5,8035,8595,1234,5476,245
Intangible assets, net (including goodwill) 187,907197,057153,198133,597128,196
Goodwill 171,563176,124144,835127,772121,975
Intangible assets, net (excluding goodwill) 16,34420,9338,3635,8256,221
Other noncurrent assets 10,4659,8435,4343,705733
Other undisclosed noncurrent assets 28,3721,0771,1351,058 
Total noncurrent assets: 232,547213,836164,890142,907135,174
TOTAL ASSETS: 448,902434,738365,007315,601302,350
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 92,33293,25478,28064,59661,071
Accounts payable 37,79240,96924,18914,53413,981
Accrued liabilities 28,51728,37226,25623,37923,143
Other undisclosed accounts payable and accrued liabilities 26,02323,91327,83526,68323,947
Debt   12,00012,00013,333
Other undisclosed current liabilities 31,10523,70460,05236,23952,450
Total current liabilities: 123,437116,958150,332112,835126,854
Noncurrent Liabilities
Long-term debt and lease obligation 82,870116,50016,00028,00011,111
Long-term debt, excluding current maturities 82,870116,50016,00028,00011,111
Liabilities, other than long-term debt 3,0835,89410,6217,2706,041
Deferred tax liabilities, net 3,1863,1243,606
Other liabilities 3,0835,8947,4354,1462,435
Other undisclosed noncurrent liabilities 29,5988,817   
Total noncurrent liabilities: 115,551131,21126,62135,27017,152
Total liabilities: 238,988248,169176,953148,105144,006
Stockholders' equity
Stockholders' equity attributable to parent 209,914186,569188,054167,496158,344
Common stock 172172172172172
Treasury stock, value (4,070)(13,802)(11,118)(11,628)(8,497)
Additional paid in capital 102,319105,850107,256106,569105,872
Accumulated other comprehensive loss (19,735)(21,690)(14,855)(21,462)(12,801)
Retained earnings 131,228116,039106,59993,84573,598
Total stockholders' equity: 209,914186,569188,054167,496158,344
TOTAL LIABILITIES AND EQUITY: 448,902434,738365,007315,601302,350

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 583,290515,160509,208490,559490,280
Revenue, net509,208490,559490,280
Cost of revenue (494,077)(437,417)(427,181)(410,402)(408,288)
Gross profit: 89,21377,74382,02780,15781,992
Operating expenses (61,880)(62,576)(60,736)(48,597)(49,299)
Other undisclosed operating income (loss) 6774,4381,620(136)(371)
Operating income: 28,01019,60522,91131,42432,322
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
 417(1,897)(90)178(1,318)
Interest and debt expense  (2,945)(3,132)(1,568)(1,381)
Other undisclosed loss from continuing operations before equity method investments, income taxes (6,058)    
Income from continuing operations before equity method investments, income taxes: 22,36914,76319,68930,03429,623
Other undisclosed loss from continuing operations before income taxes (12,814)(5,577)(2,901)(13,988)(18,656)
Income from continuing operations before income taxes: 9,5559,18616,78816,04610,967
Income tax expense (7,180)(4,927)(6,798)(9,787)(10,834)
Net income: 2,3754,2599,9906,259133
Other undisclosed net income attributable to parent 12,8145,5772,90113,98818,656
Net income available to common stockholders, diluted: 15,1899,83612,89120,24718,789

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income: 2,3754,2599,9906,259133
Comprehensive income: 2,3754,2599,9906,259133
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 14,769(1,258)9,5085,32713,252
Comprehensive income, net of tax, attributable to parent: 17,1443,00119,49811,58613,385

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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