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VSE Corporation (VSEC)
NASDAQ: VSEC · Real-Time Price · USD
200.93
+5.51 (2.82%)
At close: Jul 27, 2026, 4:00 PM EDT
200.93
0.00 (0.00%)
After-hours: Jul 27, 2026, 4:15 PM EDT

VSE Corporation Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
49.7311.715.3239.1328.067.97
Depreciation & Amortization
42.7739.9228.7623.4224.624.59
Stock-Based Compensation
13.8912.848.327.744.473.93
Other Adjustments
19.5775.6623.420.311.0521.01
Change in Receivables
-45.32-35.1-32.46-20.78-33.03-14.96
Changes in Inventories
-122.06-56.87-31.67-87.53-59.1-80.02
Changes in Accounts Payable
-10.89-10.93-31.7623.9136.1933.21
Changes in Accrued Expenses
3-8.075.96-4.453.74-5.25
Changes in Other Operating Activities
28.29-2.16-16.93-3.582.08-8.09
Operating Cash Flow
11.3626.99-31.04-21.838.05-17.6
Operating Cash Flow Growth
716.53%-----

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-24.86-21.28-20.7-18.67-11.21-10.52
Sale of Property, Plant & Equipment
-----0.07
Purchases of Intangible Assets
-16-----
Cash Acquisitions
-399.54-394.14-283.12-218.58--53.34
Proceeds from Business Divestments
136.23138.9740.16---
Other Investing Activities
0.76--1.568.842.16
Investing Cash Flow
-303.41-276.45-263.67-235.69-2.38-61.63

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Short-Term Debt Issued
640.12667.34739.24844.26520.22491.57
Short-Term Debt Repaid
-812.74-803.59-739.74-699.87-518.35-458.29
Net Short-Term Debt Issued (Repaid)
-172.63-136.25-0.5144.391.8833.27
Issuance of Common Stock
1,717442.17326130.020.952.02
Net Common Stock Issued (Repurchased)
1,717442.17326130.020.952.02
Common Dividends Paid
-8.54-8.26-7.06-5.44-5.11-4.43
Other Financing Activities
-13.76-7.86-2.63-4-3.38-1.49
Financing Cash Flow
1,521289.79315.81264.97-5.7179.37

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Cash Flow
1,22940.3321.17.45-0.040.14

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
-13.515.71-51.74-40.5-3.16-28.12
Free Cash Flow Growth
------
FCF Margin
-1.14%0.51%-6.58%-7.44%-0.47%-5.84%
Free Cash Flow Per Share
-0.590.27-2.88-2.85-0.25-2.23
Levered Free Cash Flow
-206.64-183.93-51.52116.6326.24-4.84
Unlevered Free Cash Flow
-57.9410.04-18.46-28.5836.32-48.09
SEC Filings: 10-K · 10-Q