← VSE CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $26.8m |
$39.1m
+45.92%
|
$35.1m
-10.27%
|
$37.0m
+5.54%
|
($5.2m)
-113.97%
|
$8.0m
+254.05%
|
$28.1m
+252.23%
|
$39.1m
+39.47%
|
$15.3m
-60.84%
|
$11.7m
-23.63%
|
— | |
| Depreciation, Depletion and Amortization | $26.0m | $25.9m | $25.2m | $26.9m | $24.1m | $25.6m | $25.6m | $23.4m | $28.8m | $39.9m | $57.1m | |
| Amortization of Debt Issuance Costs | — | — | — | — | — | $1.0m | $1.0m | $1.5m | $1.3m | $1.5m | — | |
| Amortization of Intangible Assets | $16.1m | $16.0m | $16.0m | $19.3m | $17.5m | $18.5m | $17.6m | $14.4m | $17.7m | $26.0m | — | |
| Depreciation | $9.4m | $9.3m | $8.5m | $7.0m | $5.6m | $6.1m | $7.1m | $6.8m | $10.9m | $13.2m | $57.1m | |
| Deferred Income Tax Expense (Benefit) | ($1.1m) | ($10.7m) | ($1.4m) | ($505k) | $106k | ($4.4m) | ($1.1m) | ($1.1m) | ($5.4m) | $1.3m | $12.9m | |
| Share-based Payment Arrangement, Noncash Expense | $2.1m | $3.1m | $3.0m | $3.3m | $2.9m | $3.9m | $4.5m | $7.7m | $8.3m | $12.8m | $14.8m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $499k | $500k | $641k | $955k | $690k | $681k | $1.0m | $1.1m | $2.6m | $5.1m | — | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | $33.7m | $0 | $0 | $0 | $0 | $0 | — | |
| Goodwill, Impairment Loss | — | — | — | — | $30.9m | $0 | $0 | $0 | $0 | $0 | ($157k) | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $0 | $0 | $0 | $0 | $2.8m | — | — | — | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $22.7m | ($2.9m) | $3.8m | $3.3m | ($7.7m) | $9.4m | $26.6m | $25.9m | $40.2m | $26.5m | ($15.4m) | |
| Increase (Decrease) in Inventories | $27.2m | ($3.7m) | $35.6m | $44.2m | $50.2m | $80.0m | $59.1m | $87.5m | $31.7m | $56.9m | ($147.0m) | |
| Increase (Decrease) in Accounts Payable | $54.7m | ($23.6m) | ($7.4m) | $7.7m | $3.5m | $33.2m | $36.2m | $23.9m | ($31.8m) | ($10.9m) | ($19.0m) | |
| Net Cash Provided by (Used in) Operating Activities | $47.2m |
$50.4m
+6.84%
|
$18.9m
-62.60%
|
$18.0m
-4.57%
|
$35.8m
+98.74%
|
($17.6m)
-149.22%
|
$8.1m
+145.74%
|
($21.8m)
-371.13%
|
($31.0m)
-42.18%
|
$27.0m
+186.96%
|
$27.0m
+0.13%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $6.5m | $3.7m | $3.1m | $9.6m | $4.4m | $10.5m | $11.2m | $18.7m | $20.7m | $21.3m | ($42.9m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | $143k | $732k | $122k | $4k | $1.1m | $64k | ($122k) | $0 | ($479k) | ($45k) | $4.7m | |
| Gain (Loss) on Sale of Investments | — | — | — | — | ($8.2m) | $0 | $0 | — | — | — | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $63k | $0 | $0 | $113.2m | $0 | $53.3m | $0 | $218.6m | $283.1m | $394.1m | ($2.1b) | |
| Net Cash Provided by (Used in) Investing Activities | ($6.5m) | ($3.0m) | ($1.3m) | ($122.8m) | $20.2m | ($61.6m) | ($2.4m) | ($235.7m) | ($263.7m) | ($276.5m) | ($2.2b) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $340.0m | $391.3m | $550.4m | $642.2m | $452.3m | $458.3m | $518.3m | $699.9m | $739.7m | $803.6m | ($478.0m) | |
| Proceeds from Issuance of Long-term Debt | $321.6m | $348.7m | $539.5m | $752.3m | $433.0m | $491.6m | $520.2m | $844.3m | $739.2m | $667.3m | $1.4b | |
| Payments of Ordinary Dividends, Common Stock | $2.5m | $2.8m | $3.3m | $3.7m | $4.0m | $4.4m | $5.1m | $5.4m | $7.1m | $8.3m | ($9.3m) | |
| Proceeds from Issuance of Common Stock | — | — | — | $0 | $0 | $52.0m | $899k | $130.0m | $326.0m | $442.2m | $1.3b | |
| Dividends Payable, Current | $648k | $759k | $871k | $987k | $995k | $1.3m | $1.3m | $1.6m | $2.1m | $2.3m | — | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | — | — | — | — | ($142k) | — | |
| Net Cash Provided by (Used in) Financing Activities | ($41.0m) |
($47.2m)
-15.04%
|
($18.0m)
+61.83%
|
$105.4m
+684.76%
|
($56.3m)
-153.46%
|
$79.4m
+240.89%
|
($5.7m)
-107.20%
|
$265.0m
+4737.22%
|
$315.8m
+19.19%
|
$289.8m
-8.24%
|
$2.2b
+654.60%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($312k) | $196k | ($462k) | $572k | ($356k) | $140k | ($40k) | $7.5m | $21.1m | $40.3m | $75.5m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $734k | $378k | $518k | $478k | $7.9m | $29.0m | $69.4m | $75.5m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $8.2m | $7.6m | $7.5m | $13.5m | $13.9m | $12.1m | $16.4m | $35.0m | $37.1m | $26.8m | — | |
| Income Taxes Paid, Net | — | — | $9.5m | $11.6m | $4.8m | $7.5m | $10.3m | $13.9m | $12.2m | $16.1m | — | |
| Additional Financial Items | ||||||||||||
| Gain (Loss) on Disposition of Business | — | — | — | — | ($8.2m) | $0 | $0 | — | — | — | — | |
| Gain (Loss) on Sale of Properties | — | — | — | — | $1.1m | $0 | $0 | — | — | — | — | |
| Gain (Loss) on Termination of Lease | — | — | — | — | — | — | — | — | ($12.2m) | $0 | — | |
| Goodwill | $198.6m | $198.6m | $198.6m | $276.4m | $238.1m | $248.8m | $248.8m | $351.8m | $491.5m | $641.2m | ($157k) | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $26.8m | — | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | $43.2m | $36.5m | $53.5m | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | ($4.0m) | ($21.2m) | ($41.8m) | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $0 | — | — | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $14.9m | $6.0m | $10.2m | $9.4m | $5.6m | $1.5m | $9.2m | $13.8m | $10.0m | $15.5m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | — | $20.6m | — | |
| Operating Costs and Expenses | — | — | $644.7m | $692.4m | $606.9m | $729.3m | $894.6m | $772.5m | $998.7m | $1.0b | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.