VSE CORP
For the period ended Dec 31, 2023. Filed Mar 8, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 8, 2024
VSEC$186.59-1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of December 31, 202 and
| As of December 31, | ||
|---|---|---|
| (in thousands, except share and per share amounts) | 2023 | 2022 |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $7,768 | $305 |
| Receivables, net | 127,958 | 90,599 |
| Contract assets | 8,049 | 7,409 |
| Inventories | 500,864 | 380,438 |
| Other current assets | 36,389 | 15,202 |
| Current assets held-for-sale | 93,002 | 54,925 |
| Total current assets | 774,030 | 548,878 |
| Property and equipment, net | 58,076 | 40,501 |
| Intangible assets, net | 114,130 | 86,558 |
| Goodwill | 351,781 | 217,262 |
| Operating lease right-of-use assets | 28,684 | 21,558 |
| Other assets | 23,637 | 29,019 |
| Non-current assets held-for-sale | — | 56,013 |
| Total assets | $1,350,338 | $999,789 |
| Liabilities and Stockholders' equity | ||
| Current liabilities: | ||
| Current portion of long-term debt | $22,500 | $10,000 |
| Accounts payable | 173,036 | 128,504 |
| Accrued expenses and other current liabilities | 36,383 | 31,889 |
| Dividends payable | 1,576 | 1,282 |
| Current liabilities held-for-sale | 53,391 | 52,929 |
| Total current liabilities | 286,886 | 224,604 |
| Long-term debt, less current portion | 406,844 | 276,300 |
| Deferred compensation | 7,939 | 7,398 |
| Long-term operating lease obligations | 24,959 | 19,154 |
| Deferred tax liabilities | 6,985 | 4,759 |
| Non-current liabilities held-for-sale | — | 18,048 |
| Total liabilities | 733,613 | 550,263 |
| Commitments and contingencies (Note 13) | ||
| Stockholders' equity: | ||
| Common stock, par value $0.05 per share, authorized 23,000,000 shares; issued and outstanding 15,756,918 and 12,816,613 respectively | 788 | 641 |
| Additional paid-in capital | 229,103 | 92,620 |
| Retained earnings | 384,702 | 351,297 |
| Accumulated other comprehensive income | 2,132 | 4,968 |
| Total stockholders' equity | 616,725 | 449,526 |
| Total liabilities and stockholders' equity | $1,350,338 | $999,789 |
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