VSE Corp
NASDAQ:VSEC
Balance Sheet
Balance Sheet Decomposition
VSE Corp
VSE Corp
Balance Sheet
VSE Corp
| Dec-2001 | Dec-2002 | Dec-2003 | Dec-2004 | Dec-2005 | Dec-2006 | Dec-2007 | Dec-2008 | Dec-2009 | Dec-2010 | Dec-2011 | Dec-2012 | Dec-2013 | Dec-2014 | Dec-2015 | Dec-2016 | Dec-2017 | Dec-2018 | Dec-2019 | Dec-2020 | Dec-2021 | Dec-2022 | Dec-2023 | Dec-2024 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||||||||||||||
| Cash & Cash Equivalents |
0
|
4
|
10
|
0
|
13
|
9
|
0
|
1
|
8
|
6
|
1
|
2
|
0
|
0
|
1
|
0
|
1
|
0
|
1
|
0
|
1
|
1
|
8
|
29
|
|
| Cash Equivalents |
0
|
4
|
10
|
0
|
13
|
9
|
0
|
1
|
8
|
6
|
1
|
2
|
0
|
0
|
1
|
0
|
1
|
0
|
1
|
0
|
1
|
1
|
8
|
29
|
|
| Total Receivables |
21
|
18
|
22
|
40
|
44
|
67
|
132
|
207
|
175
|
157
|
118
|
91
|
78
|
59
|
79
|
101
|
98
|
101
|
117
|
81
|
111
|
142
|
136
|
228
|
|
| Accounts Receivables |
21
|
18
|
22
|
40
|
44
|
67
|
132
|
207
|
175
|
157
|
118
|
91
|
78
|
59
|
79
|
101
|
98
|
101
|
117
|
78
|
109
|
142
|
136
|
228
|
|
| Other Receivables |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
3
|
3
|
0
|
0
|
0
|
|
| Inventory |
0
|
0
|
0
|
9
|
4
|
5
|
0
|
0
|
0
|
0
|
42
|
42
|
39
|
49
|
109
|
136
|
133
|
166
|
219
|
253
|
323
|
381
|
501
|
576
|
|
| Other Current Assets |
3
|
3
|
2
|
3
|
3
|
4
|
4
|
13
|
10
|
11
|
18
|
12
|
12
|
13
|
9
|
21
|
17
|
13
|
19
|
21
|
30
|
26
|
129
|
42
|
|
| Total Current Assets |
24
|
25
|
34
|
52
|
64
|
84
|
137
|
221
|
193
|
174
|
178
|
146
|
129
|
122
|
198
|
259
|
249
|
281
|
355
|
355
|
464
|
549
|
774
|
875
|
|
| PP&E Net |
4
|
4
|
3
|
4
|
5
|
8
|
15
|
22
|
25
|
42
|
57
|
63
|
58
|
53
|
64
|
62
|
55
|
50
|
64
|
57
|
70
|
82
|
87
|
139
|
|
| PP&E Gross |
4
|
4
|
3
|
4
|
5
|
8
|
15
|
22
|
25
|
42
|
57
|
63
|
58
|
53
|
64
|
62
|
55
|
50
|
64
|
57
|
70
|
82
|
87
|
139
|
|
| Accumulated Depreciation |
7
|
7
|
6
|
7
|
8
|
9
|
12
|
13
|
17
|
23
|
29
|
37
|
36
|
43
|
48
|
55
|
61
|
68
|
62
|
61
|
67
|
73
|
37
|
47
|
|
| Intangible Assets |
2
|
1
|
1
|
0
|
0
|
0
|
8
|
11
|
9
|
25
|
107
|
92
|
82
|
72
|
143
|
127
|
111
|
95
|
132
|
104
|
108
|
91
|
114
|
197
|
|
| Goodwill |
0
|
0
|
0
|
1
|
1
|
1
|
5
|
17
|
20
|
36
|
99
|
92
|
92
|
92
|
199
|
199
|
199
|
199
|
277
|
238
|
249
|
249
|
352
|
491
|
|
| Note Receivable |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
10
|
7
|
0
|
0
|
0
|
|
| Other Long-Term Assets |
3
|
3
|
3
|
3
|
4
|
6
|
7
|
5
|
7
|
11
|
14
|
17
|
19
|
16
|
14
|
16
|
16
|
15
|
18
|
17
|
21
|
29
|
24
|
32
|
|
| Other Assets |
0
|
0
|
0
|
1
|
1
|
1
|
5
|
17
|
20
|
36
|
99
|
92
|
92
|
92
|
199
|
199
|
199
|
199
|
277
|
238
|
249
|
249
|
352
|
491
|
|
| Total Assets |
33
N/A
|
32
-3%
|
41
+27%
|
60
+48%
|
74
+22%
|
99
+33%
|
172
+74%
|
276
+61%
|
254
-8%
|
288
+14%
|
455
+58%
|
410
-10%
|
381
-7%
|
355
-7%
|
617
+74%
|
662
+7%
|
629
-5%
|
639
+2%
|
846
+32%
|
780
-8%
|
919
+18%
|
1 000
+9%
|
1 350
+35%
|
1 735
+28%
|
|
| Liabilities | |||||||||||||||||||||||||
| Accounts Payable |
11
|
9
|
15
|
26
|
30
|
44
|
89
|
158
|
113
|
76
|
50
|
30
|
32
|
29
|
40
|
94
|
66
|
57
|
68
|
73
|
115
|
160
|
173
|
188
|
|
| Accrued Liabilities |
4
|
5
|
6
|
8
|
12
|
14
|
23
|
32
|
34
|
37
|
38
|
26
|
24
|
23
|
29
|
33
|
40
|
37
|
47
|
33
|
41
|
47
|
36
|
58
|
|
| Short-Term Debt |
0
|
0
|
0
|
2
|
0
|
0
|
0
|
7
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Current Portion of Long-Term Debt |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
7
|
19
|
23
|
25
|
25
|
17
|
21
|
7
|
10
|
17
|
20
|
14
|
10
|
23
|
30
|
|
| Other Current Liabilities |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
1
|
10
|
10
|
1
|
1
|
1
|
33
|
14
|
10
|
8
|
55
|
7
|
|
| Total Current Liabilities |
15
|
14
|
21
|
36
|
42
|
58
|
112
|
196
|
147
|
119
|
107
|
81
|
82
|
88
|
97
|
148
|
114
|
105
|
164
|
139
|
180
|
225
|
287
|
282
|
|
| Long-Term Debt |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
31
|
179
|
144
|
90
|
48
|
239
|
216
|
186
|
170
|
253
|
231
|
270
|
276
|
407
|
400
|
|
| Deferred Income Tax |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
32
|
30
|
19
|
19
|
18
|
15
|
9
|
10
|
7
|
0
|
|
| Other Liabilities |
2
|
1
|
1
|
1
|
2
|
2
|
4
|
3
|
4
|
14
|
25
|
21
|
22
|
13
|
21
|
13
|
16
|
17
|
48
|
39
|
42
|
40
|
33
|
64
|
|
| Total Liabilities |
17
N/A
|
15
-10%
|
22
+45%
|
37
+72%
|
44
+17%
|
60
+38%
|
115
+91%
|
200
+73%
|
153
-24%
|
165
+8%
|
311
+89%
|
246
-21%
|
194
-21%
|
150
-23%
|
388
+159%
|
407
+5%
|
336
-17%
|
310
-8%
|
483
+56%
|
424
-12%
|
501
+18%
|
550
+10%
|
734
+33%
|
746
+2%
|
|
| Equity | |||||||||||||||||||||||||
| Common Stock |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
|
| Retained Earnings |
13
|
13
|
15
|
18
|
24
|
31
|
44
|
62
|
85
|
108
|
127
|
147
|
168
|
185
|
208
|
232
|
268
|
301
|
334
|
325
|
328
|
351
|
385
|
392
|
|
| Additional Paid In Capital |
3
|
4
|
4
|
5
|
6
|
7
|
12
|
14
|
16
|
16
|
17
|
18
|
19
|
20
|
21
|
23
|
25
|
27
|
29
|
32
|
89
|
93
|
229
|
592
|
|
| Treasury Stock |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Other Equity |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
0
|
5
|
2
|
3
|
|
| Total Equity |
17
N/A
|
17
+3%
|
19
+12%
|
23
+20%
|
30
+31%
|
38
+26%
|
56
+48%
|
76
+35%
|
101
+33%
|
124
+22%
|
144
+16%
|
164
+14%
|
187
+14%
|
206
+10%
|
229
+12%
|
255
+11%
|
293
+15%
|
328
+12%
|
363
+11%
|
356
-2%
|
417
+17%
|
450
+8%
|
617
+37%
|
988
+60%
|
|
| Total Liabilities & Equity |
33
N/A
|
32
-3%
|
41
+27%
|
60
+48%
|
74
+22%
|
99
+33%
|
172
+74%
|
276
+61%
|
254
-8%
|
288
+14%
|
455
+58%
|
410
-10%
|
381
-7%
|
355
-7%
|
617
+74%
|
662
+7%
|
629
-5%
|
639
+2%
|
846
+32%
|
780
-8%
|
919
+18%
|
1 000
+9%
|
1 350
+35%
|
1 735
+28%
|
|
| Shares Outstanding | |||||||||||||||||||||||||
| Common Shares Outstanding |
9
|
9
|
9
|
9
|
9
|
10
|
10
|
10
|
10
|
10
|
11
|
11
|
11
|
11
|
11
|
11
|
11
|
11
|
11
|
11
|
13
|
13
|
16
|
21
|
|