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)

12/31/2020
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 investments0101010
Cash and cash equivalents0101010
Receivables78117101981017859
Inventory, net of allowances, customer advances and progress billings      49
Inventory      49
Other current assets2319131720912
Other undisclosed current assets2532191661331361132
Total current assets:355355281249258201122
Noncurrent Assets
Operating lease, right-of-use asset2121
Property, plant and equipment36435055626453
Intangible assets, net (including goodwill)342409294310326342164
Goodwill23827619919919919992
Intangible assets, net (excluding goodwill)1041329511112714372
Other noncurrent assets27171416161516
Total noncurrent assets:425491358380403421233
TOTAL ASSETS:780846639629662622355
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8169581071277053
Accounts payable73685766944029
Accrued liabilities7  40332923
Interest and dividends payable111111 
Deferred revenue10 
Debt202197211825
Other undisclosed current liabilities287537  1010
Total current liabilities:1391641051141489787
Noncurrent Liabilities
Long-term debt and lease obligation25427815116619421624
Long-term debt, excluding current maturities23125315116619421624
Operating lease, liability2324
Liabilities, other than long-term debt31361716434614
Deferred compensation liability, classified16181716131113
Deferred tax liabilities, net  30352
Deferred income tax liabilities1518
Other liabilities0      
Other undisclosed noncurrent liabilities 53740223325
Total noncurrent liabilities:28531920622225829662
Total liabilities:424483310336407393150
Stockholders' equity
Stockholders' equity attributable to parent356363328293255229205
Common stock1111100
Additional paid in capital32292724232220
Accumulated other comprehensive income (loss)(1)(1)000(0) 
Retained earnings325334301268232207185
Total stockholders' equity:356363328293255229205
TOTAL LIABILITIES AND EQUITY:780846639629662622355

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues662753697760692534424
Revenue, net760692534424
Cost of revenue
(Cost of Goods and Services Sold)
   (706)(640)(480)(766)
Gross profit:662753697545254(342)
Operating expenses(615)(692)(645)  (3)(14)
Other undisclosed operating income (loss)(33) 2   393
Operating income:14605454525137
Interest and debt expense      (2)
Income from continuing operations before equity method investments, income taxes:14605454525135
Other undisclosed loss from continuing operations before income taxes(13)(14)(9)(9)(10)(10)(2)
Income from continuing operations before income taxes:0464545424133
Income tax expense(6)(9)(10)(6)(15)(16)(12)
Income (loss) from continuing operations:(5)373539272520
Loss from discontinued operations      (1)
Net income (loss) available to common stockholders, diluted:(5)373539272519

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(5)373539272519
Other comprehensive income (loss)(0)(1)(0)00(0) 
Comprehensive income (loss):(5)363539272519
Other undisclosed comprehensive income, net of tax, attributable to parent      0
Comprehensive income (loss), net of tax, attributable to parent:(5)363539272520

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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