VSE Corporation (VSEC) financial statements (2021 and earlier)

Company profile

Business Address 6348 WALKER LANE
ALEXANDRIA, VA 22310
State of Incorp. DE
Fiscal Year End December 31
SIC 8711 - Engineering Services (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
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1010100
Cash and cash equivalents1010100
Receivables11710198101785978
Inventory, net of allowances, customer advances and progress billings     4939
Inventory     4939
Other current assets1913172091211
Other undisclosed current assets21916613313611321
Total current assets:355281249258201122129
Noncurrent Assets
Operating lease, right-of-use asset21
Property, plant and equipment43505562645358
Intangible assets, net (including goodwill)409294310326342164174
Goodwill2761991991991999292
Intangible assets, net (excluding goodwill)132951111271437282
Other noncurrent assets17141616151617
Other undisclosed noncurrent assets      3
Total noncurrent assets:491358380403421233251
TOTAL ASSETS:846639629662622355381
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6958107127705356
Accounts payable68576694402932
Accrued liabilities  4033292325
Interest and dividends payable11111  
Debt219721182525
Other undisclosed current liabilities7537  10100
Total current liabilities:164105114148978782
Noncurrent Liabilities
Long-term debt and lease obligation2781511661942162464
Long-term debt, excluding current maturities2531511661942162464
Operating lease, liability24
Liabilities, other than long-term debt36171643461413
Deferred compensation liability, classified18171613111311
Deferred tax liabilities, net  30352 
Deferred income tax liabilities18
Other liabilities      1
Other undisclosed noncurrent liabilities5374022332535
Total noncurrent liabilities:31920622225829662112
Total liabilities:483310336407393150194
Stockholders' equity
Stockholders' equity attributable to parent363328293255229205187
Common stock1111000
Additional paid in capital29272423222019
Accumulated other comprehensive income (loss)(1)000(0) (0)
Retained earnings334301268232207185168
Total stockholders' equity:363328293255229205187
TOTAL LIABILITIES AND EQUITY:846639629662622355381

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues753697760692534424472
Revenue, net760692534424472
Cost of revenue
(Cost of Goods and Services Sold)
  (706)(640)(480)(766)(849)
Gross profit:753697545254(342)(377)
Operating expenses(692)(645)  (3)(14)(3)
Other undisclosed operating income 2   393424
Operating income:60545452513744
Interest and debt expense     (2)(4)
Income from continuing operations before equity method investments, income taxes:60545452513540
Other undisclosed loss from continuing operations before income taxes(14)(9)(9)(10)(10)(2)(2)
Income from continuing operations before income taxes:46454542413338
Income tax expense(9)(10)(6)(15)(16)(12)(14)
Income from continuing operations:37353927252024
Loss from discontinued operations     (1)(1)
Net income available to common stockholders, diluted:37353927251923

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:37353927251923
Other comprehensive income (loss)(1)(0)00(0)  
Comprehensive income:36353927251923
Other undisclosed comprehensive income, net of tax, attributable to parent     01
Comprehensive income, net of tax, attributable to parent:36353927252023

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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