GSE Systems, Inc. (GVP)

GSE Systems Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	1.25	2.25	2.79	3.55	6.7	11.69
Cash & Short-Term Investments	1.25	2.25	2.79	3.55	6.7	11.69
Cash Growth	-29.35%	-19.33%	-21.44%	-47.03%	-42.67%	-3.56%
Accounts Receivable	9.39	10.17	10.06	11.26	10.49	17.21
Other Receivables	-	0.04	1.11	4.19	0.14	0.24
Receivables	9.39	10.2	11.17	15.45	10.63	17.44
Prepaid Expenses	0.55	0.8	0.95	0.93	0.88	0.86
Restricted Cash	0.38	0.38	1.05	-	-	-
Other Current Assets	-	0.05	0.11	0.14	0.54	0.78
Total Current Assets	11.58	13.67	16.07	20.07	18.75	30.78
Property, Plant & Equipment	0.95	1.17	1.28	2.04	2.18	3.15
Goodwill	4.91	4.91	6.3	13.34	13.34	13.34
Other Intangible Assets	1.76	1.93	2.26	3.55	4.86	11.12
Long-Term Deferred Tax Assets	-	-	-	-	-	0.06
Other Long-Term Assets	1.13	1.13	0.59	0.05	0.06	0.06
Total Assets	20.32	22.81	26.5	39.05	39.19	58.51
Accounts Payable	2.39	3.3	1.26	1.18	0.57	1.1
Accrued Expenses	3.91	2.14	3.16	2.81	2.8	3.75
Short-Term Debt	-	-	-	1.82	3.01	-
Current Portion of Long-Term Debt	1.2	0.81	3.04	-	5.03	18.48
Current Portion of Leases	-	0.23	0.42	1.21	1.14	1.15
Current Income Taxes Payable	1.78	1.7	1.77	1.65	1.62	1.34
Current Unearned Revenue	4.97	5.12	4.16	5.03	5.29	7.61
Other Current Liabilities	2.91	3.04	1.84	1.35	2.03	1
Total Current Liabilities	17.17	16.34	15.65	15.04	21.48	34.43
Long-Term Debt	-	0.64	0.31	-	5.03	0.16
Long-Term Leases	0.3	0.36	0.16	0.79	1.83	3
Other Long-Term Liabilities	0.08	0.13	0.14	0.18	0.34	0.8
Total Liabilities	17.55	17.46	16.27	16.01	28.69	38.39
Common Stock	0.03	0.03	0.02	0.23	0.22	0.22
Additional Paid-In Capital	87.25	86.98	83.13	80.51	79.69	79.4
Retained Earnings	-81.55	-78.71	-69.93	-54.58	-65.19	-54.65
Treasury Stock	-3	-3	-3	-3	-3	-3
Comprehensive Income & Other	0.04	0.03	0.01	-0.1	-1.21	-1.85
Shareholders' Equity	2.77	5.34	10.23	23.04	10.51	20.12
Total Liabilities & Equity	20.32	22.81	26.5	39.05	39.19	58.51
Total Debt	1.5	2.04	3.93	3.81	16.04	22.79
Net Cash (Debt)	-0.25	0.21	-1.14	-0.26	-9.34	-11.1
Net Cash Per Share	-0.08	0.09	-0.53	-0.13	-4.57	-5.53
Filing Date Shares Outstanding	3.47	3.03	2.36	2.1	2.06	2.04
Total Common Shares Outstanding	3.31	3.03	2.24	2.09	2.06	2.02
Working Capital	-5.59	-2.67	0.42	5.03	-2.73	-3.66
Book Value Per Share	0.84	1.76	4.56	11.01	5.10	9.94
Tangible Book Value	-3.89	-1.5	1.67	6.15	-7.7	-4.34
Tangible Book Value Per Share	-1.18	-0.49	0.74	2.94	-3.74	-2.14
Machinery	-	3.22	3.2	3.11	3.08	3.17
Leasehold Improvements	-	0.81	0.66	0.66	0.66	0.66
Order Backlog	-	34.5	32.9	41.3	40.4	52.7

Source: S&P Capital IQ. Standard template. Financial Sources.