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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 121922111416
Cash and cash equivalents 121922111416
Restricted cash and investments  112  
Receivables 2114190  
Inventory, net of allowances, customer advances and progress billings 01   
Inventory 01    
Prepaid expense 112311
Income taxes receivable10
Deferred tax assets    00
Other current assets 11  11
Other undisclosed current assets 0  131626
Total current assets: 353744283244
Noncurrent Assets
Property, plant and equipment 111222
Intangible assets, net (including goodwill) 19116671
Goodwill 138666 
Intangible assets, net (excluding goodwill) 630111
Restricted cash and investments    241
Deferred costs 1111  
Other noncurrent assets 002010
Deferred tax assets, net57    
Other undisclosed noncurrent assets     11
Total noncurrent assets: 26201011145
TOTAL ASSETS: 615754394649
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 966568
Accounts payable 111124
Accrued liabilities 322222
Employee-related liabilities 433232
Taxes payable 1     
Debt 2     
Billings in excess of cost1521   
Contract with customer, liability11
Other liabilities 011102
Other undisclosed current liabilities 13313138
Total current liabilities: 222531202018
Noncurrent Liabilities
Long-term debt and lease obligation 7     
Long-term debt, excluding current maturities 7     
Liabilities, other than long-term debt 121000
Other liabilities 121000
Other undisclosed noncurrent liabilities    12 
Total noncurrent liabilities: 821120
Total liabilities: 302733212218
Stockholders' equity
Stockholders' equity attributable to parent 313021182430
Common stock 000000
Treasury stock, value (3)(3)(3)(3)(3)(3)
Additional paid in capital 787775737372
Accumulated other comprehensive loss (2)(1)(2)(1)(1)(1)
Accumulated deficit (43)(43)(49)(51)(45)(38)
Total stockholders' equity: 313021182430
TOTAL LIABILITIES AND EQUITY: 615754394649

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 927153573848
Revenue, net  573848
Cost of revenue (69)(52)(38)(42)(27)(35)
Cost of goods and services sold (69)     
Other undisclosed gross profit    (2) (2)
Gross profit: 231915131110
Operating expenses (22)(18)(14)(17)(18)(21)
Operating income (loss): 102(4)(7)(11)
Nonoperating income (expense) (0)00(0)00
Investment income, nonoperating (0)0(0)(0)00
Other nonoperating income (expense) 0(0)0(0)0(0)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (0)00000
Income (loss) from continuing operations before equity method investments, income taxes: 102(4)(7)(10)
Loss from equity method investments     (0)(0)
Income (loss) from continuing operations before income taxes: 102(4)(7)(11)
Income tax expense (benefit) (1)5(0)(0)(0)(0)
Net income (loss): (0)51(5)(7)(11)
Other undisclosed net income attributable to parent     00
Net income (loss) available to common stockholders, diluted: (0)51(5)(7)(11)

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss): (0)51(5)(7)(11)
Comprehensive income (loss): (0)51(5)(7)(11)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (0)0(0)(0)(1)0
Comprehensive income (loss), net of tax, attributable to parent: (1)61(5)(7)(10)

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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