VSE CORP
For the period ended Dec 31, 2024. Filed Mar 3, 2025.
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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.
FY2024 · Filed Mar 3, 2025
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 data) | 2024 | 2023 |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $29,030 | $7,768 |
| Receivables, net | 197,563 | 127,958 |
| Contract assets | 29,960 | 8,049 |
| Inventories | 576,318 | 500,864 |
| Prepaid expenses and other current assets | 41,956 | 36,389 |
| Current assets held-for-sale | — | 93,002 |
| Total current assets | 874,827 | 774,030 |
| Property and equipment, net | 85,586 | 58,076 |
| Intangible assets, net | 197,281 | 114,130 |
| Goodwill | 491,453 | 351,781 |
| Operating lease right-of-use assets | 53,326 | 28,684 |
| Other assets | 32,147 | 23,637 |
| Total assets | $1,734,620 | $1,350,338 |
| Liabilities and Stockholders' equity | ||
| Current liabilities: | ||
| Current portion of long-term debt | $30,000 | $22,500 |
| Accounts payable | 187,590 | 173,036 |
| Accrued expenses and other current liabilities | 62,195 | 36,383 |
| Dividends payable | 2,059 | 1,576 |
| Current liabilities held-for-sale | — | 53,391 |
| Total current liabilities | 281,844 | 286,886 |
| Long-term debt, less current portion | 400,173 | 406,844 |
| Deferred compensation | 7,262 | 7,939 |
| Long-term operating lease obligations | 48,144 | 24,959 |
| Deferred tax liabilities | — | 6,985 |
| Other long-term liabilities | 9,011 | — |
| Total liabilities | 746,434 | 733,613 |
| Commitments and contingencies (Note 13) | ||
| Stockholders' equity: | ||
| Common stock, par value $0.05 per share, authorized 23,000,000 shares; issued and outstanding 20,590,496 and 15,756,918 respectively | 1,030 | 788 |
| Additional paid-in capital | 591,600 | 229,103 |
| Retained earnings | 392,484 | 384,702 |
| Accumulated other comprehensive income | 3,072 | 2,132 |
| Total stockholders' equity | 988,186 | 616,725 |
| Total liabilities and stockholders' equity | $1,734,620 | $1,350,338 |
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