VSE Corporation (VSEC)

VSE Corporation 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	7.91	7.77	0.31	0.52	0.38	0.73
Cash & Short-Term Investments	7.91	7.77	0.31	0.52	0.38	0.73
Cash Growth	-61.74%	2446.89%	-41.12%	37.04%	-48.50%	105.60%
Accounts Receivable	192.21	136.01	98.01	108.47	77.83	116.91
Receivables	192.21	136.01	98.01	111.29	80.55	116.91
Inventory	533.77	500.86	380.44	322.7	253.42	218.63
Other Current Assets	41.4	129.39	70.13	29.48	20.61	19.07
Total Current Assets	775.3	774.03	548.88	463.99	354.96	355.34
Property, Plant & Equipment	108.18	86.76	62.06	69.81	56.88	64.41
Long-Term Investments	0.28	2.84	6.62	-	-	-
Goodwill	390.64	351.78	217.26	248.75	238.13	276.45
Other Intangible Assets	160.58	114.13	86.56	108.26	103.6	132.18
Other Long-Term Assets	29.02	20.8	78.41	27.74	16.67	17.49
Total Assets	1,464	1,350	999.79	918.56	780.08	845.86
Accounts Payable	122.74	173.04	128.5	115.06	72.68	68.1
Accrued Expenses	42.69	21.28	20.18	28.91	24.28	27.29
Current Portion of Long-Term Debt	30	22.5	10	14.16	21.98	18.36
Current Portion of Leases	-	4.96	3.18	5.99	4.01	3.71
Current Unearned Revenue	6.04	-	-	7.15	9.86	3.71
Other Current Liabilities	8.64	65.11	62.74	8.69	6.41	43.01
Total Current Liabilities	210.11	286.89	224.6	179.96	139.23	164.18
Long-Term Debt	420.34	406.84	276.3	270.41	230.71	253.13
Long-Term Leases	29.06	24.96	19.15	27.17	22.82	24.44
Long-Term Deferred Tax Liabilities	-	6.99	4.76	9.11	14.9	17.87
Other Long-Term Liabilities	16.69	7.94	25.45	14.58	16.11	23.15
Total Liabilities	676.2	733.61	550.26	501.23	423.76	482.76
Common Stock	0.92	0.79	0.64	0.64	0.55	0.55
Additional Paid-In Capital	404.98	229.1	92.62	88.52	31.87	29.41
Retained Earnings	381.68	384.7	351.3	328.36	325.1	334.25
Comprehensive Income & Other	0.21	2.13	4.97	-0.18	-1.2	-1.11
Shareholders' Equity	787.8	616.73	449.53	417.33	356.32	363.1
Total Liabilities & Equity	1,464	1,350	999.79	918.56	780.08	845.86
Total Debt	479.4	459.26	308.64	317.73	279.52	299.64
Net Cash (Debt)	-471.5	-451.49	-308.33	-317.21	-279.15	-298.9
Net Cash Per Share	-27.96	-31.83	-24.04	-25.11	-25.30	-27.06
Filing Date Shares Outstanding	20.41	15.77	12.84	12.74	12.67	10.99
Total Common Shares Outstanding	18.43	15.76	12.82	12.73	11.06	10.97
Working Capital	565.19	487.14	324.27	284.03	215.73	191.16
Book Value Per Share	42.75	39.14	35.07	32.79	32.23	33.10
Tangible Book Value	236.58	150.81	145.71	60.32	14.6	-45.52
Tangible Book Value Per Share	12.84	9.57	11.37	4.74	1.32	-4.15
Land	-	1.62	1.62	4.73	4.73	5.15
Buildings	-	24.56	20.87	29.6	29.54	31.46
Machinery	-	63.19	44.26	67.46	59.81	65.33
Leasehold Improvements	-	6.15	4.44	7.16	3.14	3.72
Order Backlog	-	-	-	-	183	213

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