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
TTM
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 121219221114
Cash and cash equivalents 121219221114
Restricted cash and investments   112 
Receivables 172114190 
Inventory, net of allowances, customer advances and progress billings  01   
Inventory  01   
Prepaid expense 111231
Income taxes receivable1
Deferred tax assets    0
Other current assets 111  1
Other undisclosed current assets  0  1316
Total current assets: 313537442832
Noncurrent Assets
Operating lease, right-of-use asset 2
Property, plant and equipment 111122
Intangible assets, net (including goodwill) 241911667
Goodwill 13138666
Intangible assets, net (excluding goodwill) 1063011
Restricted cash and investments     24
Deferred costs 11111 
Deferred income tax assets 0
Other noncurrent assets 000201
Deferred tax assets, net57   
Other undisclosed noncurrent assets      1
Total noncurrent assets: 282620101114
TOTAL ASSETS: 596157543946
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 696656
Accounts payable 111112
Accrued liabilities 232222
Employee-related liabilities 243323
Taxes payable 11    
Deferred revenue 8
Debt 182    
Billings in excess of cost1521  
Contract with customer, liability11
Other liabilities 101110
Other undisclosed current liabilities 11331313
Total current liabilities: 342225312020
Noncurrent Liabilities
Long-term debt and lease obligation 37    
Long-term debt, excluding current maturities  7    
Operating lease, liability 3
Liabilities, other than long-term debt 112100
Other liabilities 112100
Other undisclosed noncurrent liabilities     12
Total noncurrent liabilities: 482112
Total liabilities: 383027332122
Stockholders' equity
Stockholders' equity attributable to parent 203130211824
Common stock 000000
Treasury stock, value (3)(3)(3)(3)(3)(3)
Additional paid in capital 797877757373
Accumulated other comprehensive loss (2)(2)(1)(2)(1)(1)
Accumulated deficit (55)(43)(43)(49)(51)(45)
Total stockholders' equity: 203130211824
TOTAL LIABILITIES AND EQUITY: 596157543946

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 839271535738
Revenue, net  5738
Cost of revenue (63)(69)(52)(38)(42)(27)
Cost of goods and services sold (63)(69)    
Other undisclosed gross profit     (2) 
Gross profit: 202319151311
Operating expenses (28)(22)(18)(14)(17)(18)
Operating income (loss): (7)102(4)(7)
Nonoperating income (expense) 2(0)00(0)0
Investment income, nonoperating (0)(0)0(0)(0)0
Other nonoperating income (expense) 20(0)0(0)0
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (1)(0)0000
Income (loss) from continuing operations before equity method investments, income taxes: (6)102(4)(7)
Loss from equity method investments      (0)
Income (loss) from continuing operations before income taxes: (6)102(4)(7)
Income tax expense (benefit) (6)(1)5(0)(0)(0)
Net income (loss): (12)(0)51(5)(7)
Other undisclosed net income attributable to parent      0
Net income (loss) available to common stockholders, diluted: (12)(0)51(5)(7)

Comprehensive Income ($ in millions)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss): (12)(0)51(5)(7)
Comprehensive income (loss): (12)(0)51(5)(7)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (0)(0)0(0)(0)(1)
Comprehensive income (loss), net of tax, attributable to parent: (12)(1)61(5)(7)

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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