Vertex Energy, Inc (VTNR) financial statements (2021 and earlier)

Company profile

Business Address 1331 GEMINI STREET
HOUSTON, TX 77058
State of Incorp. NV
Fiscal Year End December 31
SIC 2911 - Petroleum Refining (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 investments11411216
Cash and cash equivalents11411216
Restricted cash and investments0   2  
Receivables111291111610
Inventory, net of allowances, customer advances and progress billings47864413
Inventory47864413
Prepaid expense3 32311
Derivative instruments and hedges, assets  1    
Disposal group, including discontinued operation     11 
Costs in excess of billings   1
Other undisclosed current assets 52   3
Total current assets:30272420212334
Noncurrent Assets
Finance lease, right-of-use asset21
Operating lease, right-of-use asset3336
Property, plant and equipment46454749505356
Intangible assets, net (including goodwill)9111314151723
Goodwill   0  5
Intangible assets, net (excluding goodwill)9111314151719
Deferred costs     22
Deferred income tax assets 0
Other noncurrent assets2110100
Deferred tax assets, net00   
Other undisclosed noncurrent assets      18
Total noncurrent assets:929361646672100
TOTAL ASSETS:12212184848795134
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1313121091322
Accounts payable1089    
Accrued liabilities253    
Interest and dividends payable100010 
Other undisclosed accounts payable and accrued liabilities   1091322
Debt51112102041
Derivative instruments and hedges, liabilities00     
Deferred revenue and credits  00
Other undisclosed current liabilities6 4532 
Total current liabilities:24251717223563
Noncurrent Liabilities
Long-term debt and lease obligation37431514262
Long-term debt, excluding current maturities8121414262
Finance lease, liability11
Capital lease obligations0    
Operating lease, liability2830
Liabilities, other than long-term debt  02424
Deferred tax liabilities, net    4
Business combination, contingent consideration, liability  00   
Derivative instruments and hedges, liabilities   242 
Other undisclosed noncurrent liabilities(27)21   6
Total noncurrent liabilities:374516166712
Total liabilities:61703333294275
Temporary equity, carrying amount87282223 12 
Stockholders' equity
Stockholders' equity attributable to parent, including:5222728414159
Preferred stock     00
Common stock0000000
Additional paid in capital95827568695347
Retained earnings (accumulated deficit)(90)(59)(48)(40)(28)(12)12
Other undisclosed stockholders' equity attributable to parent00000  
Stockholders' equity attributable to noncontrolling interest11100  
Total stockholders' equity:6232928414159
Other undisclosed liabilities and equity(32)   17  
TOTAL LIABILITIES AND EQUITY:12212184848795134

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
Revenues13516318114598147259
Revenue, net14598147259
Cost of revenue(119)(135)(151)(123)(82)(136)(244)
Cost of goods and services sold(119)     (0)
Gross profit:16292922161115
Operating expenses(28)(31)(29)(28)(26)(25)(33)
Other undisclosed operating income      8
Operating income (loss):(12)(3)0(6)(10)(14)(10)
Nonoperating income (expense)0(3)(2)(2)6(3)5
Investment income, nonoperating0  (1)(1)1 
Other nonoperating income (expense) 1000(0)0
Interest and debt expense(1)(3)(3)(1)(1)(4)(3)
Other undisclosed income from continuing operations before equity method investments, income taxes1331143
Loss from continuing operations before income taxes:(11)(5)(2)(8)(4)(17)(6)
Income tax expense (benefit)   00(5)(0)
Net loss:(11)(5)(2)(8)(4)(23)(6)
Net income (loss) attributable to noncontrolling interest(1)0(0)(0)(0) 0
Net loss attributable to parent:(12)(5)(2)(8)(4)(23)(6)
Preferred stock dividends and other adjustments(17)(4)(6)(3)(12)(2) 
Other undisclosed net loss available to common stockholders, basic(2)(2)     
Net loss available to common stockholders, diluted:(31)(11)(8)(12)(16)(24)(6)

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 loss:(11)(5)(2)(8)(4)(23)(6)
Comprehensive loss:(11)(5)(2)(8)(4)(23)(6)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)0(0)(0)(0) (0)
Comprehensive loss, net of tax, attributable to parent:(12)(5)(2)(8)(4)(23)(6)

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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