VSE Corporation (VSEC) quarterly cash flow statement — complete operating, investing & financing history
VSE Corporation (VSEC) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | 55.99M | 27.56M | -62.26M | 37.64M | 24.09M | 11.89M | -46.63M | 55.38M | 10.18M | -17.53M | -79.06M | 27.94M | 15.32M | -16.42M | -48.67M | 12.26M | 15.93M | -1.96M | -18.17M | 12.92M |
| Operating CF Margin % | 10.35% | 6.14% | -19.18% | 12.5% | 8.51% | 4.37% | -18.21% | 18.52% | 5% | -9.09% | -48.69% | 11.87% | 6.62% | -8% | -25.81% | 7.13% | 9.52% | -1.16% | -7.86% | 6.15% |
| Operating CF Growth % | 132.43% | 131.75% | -33.52% | -32.02% | 136.72% | 167.84% | 41.02% | 98.18% | -33.58% | -6.77% | -62.43% | 127.97% | -3.84% | -735.9% | -167.82% | -5.14% | -32.05% | 88.84% | 50.03% | 2356.46% |
| Net Income | 47.26M | 28.52M | 29.05M | 22.3M | 3.59M | 3.2M | -8.97M | 13.06M | -7.06M | -2.78M | 12.1M | 12.83M | 9.56M | 8.86M | 9.12M | 4.85M | 7.7M | 7.55M | 6.24M | 6.2M |
| Depreciation & Amortization | 30.13M | 23.97M | 12.75M | 10.93M | 10.19M | 9.63M | 9.9M | 8.35M | 7.54M | 6.92M | 5.95M | 5.96M | 5.45M | 5.76M | 6.25M | 6.29M | 6.22M | 6.3M | 6.34M | 6.6M |
| Stock-Based Compensation | 4.33M | 4.08M | 4.58M | 0 | 0 | 3.14M | 3.52M | 1.82M | 1.69M | 2.31M | 2.5M | 1.93M | 1.92M | 1.81M | 2.08M | 868K | 0 | 1.37M | 1.31M | 964K |
| Deferred Taxes | 3.5M | 4.03M | 5.42M | 19.06M | -15.64M | 2.29M | -5.76M | -156K | -2.92M | -3.16M | -3.76M | -800K | 354K | -2.07M | 540K | -360K | 11K | -1.97M | 1.18M | 447K |
| Other Non-Cash Items | -8.65M | 4.83M | -608K | -7M | 25.57M | 19.89M | 34.29M | 2.93M | 18.39M | 13.19M | -1.09M | -713K | 608K | 949K | 213K | 122K | 2.85M | 1.09M | 210K | -16K |
| Working Capital Changes | -20.57M | -37.89M | -113.45M | -7.64M | 385K | -26.26M | -79.62M | 29.37M | -7.47M | -34.02M | -94.75M | 8.74M | -2.57M | -31.73M | -66.87M | 486K | -847K | -16.31M | -33.45M | -1.28M |
| Change in Receivables | -17.17M | 21M | -30.53M | -8.9M | 6.82M | -12.71M | -20.31M | -5M | 4.6M | -15.27M | -16.78M | -880K | 1.3M | -11.28M | -9.8M | -6.32M | 11.1M | -18.24M | -6.7M | -92K |
| Change in Inventory | -32.79M | -44.07M | -71.54M | -30.35M | -1.04M | -19.12M | -6.36M | -4.86M | -1.4M | -5.5M | -19.91M | -26.66M | -15.29M | -12.35M | -33.23M | -30.79M | -12.16M | -6.82M | -9.32M | -13.5M |
| Change in Payables | 23.23M | -10.96M | -10.85M | 31.14M | -28.34M | -2.83M | -10.89M | 36.1M | -20.81M | -21.37M | -25.68M | 40.63M | 10.71M | -9.17M | -18.26M | 36.36M | 4.68M | 16.15M | -21M | 15.26M |
| Cash from Investing | -73.69M | -1.77B | -27.09M | -353.01M | -6.05M | 82.74M | -129K | -176.14M | -5.71M | -115.23M | 33.41M | -7.78M | -211.62M | -1.7M | -14.59M | 804K | -3.51M | -1.07M | 1.39M | -1.79M |
| Capital Expenditures | -9.37M | -8.87M | -6.46M | -6.77M | -6.05M | -5.59M | -2.88M | -3.27M | -5.76M | -3.94M | -7.73M | -7.87M | -4.66M | -3.3M | -2.84M | -3.8M | -4.67M | -1.48M | -1.27M | -2.91M |
| CapEx % of Revenue | 1.73% | 1.97% | 1.99% | 2.25% | 2.14% | 2.05% | 1.12% | 1.09% | 2.83% | 2.05% | 4.76% | 3.34% | 2.01% | 1.61% | 1.51% | 2.21% | 2.79% | 0.87% | 0.55% | 1.39% |
| Acquisitions | -63.95M | -1.76B | -5.39M | -346.24M | -2.75M | -47.74M | 2.75M | -172.88M | -42.06M | -111.28M | 41.14M | 93K | -206.96M | 43K | -11.75M | 0 | 0 | 0 | 0 | -104K |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -375K | 1.29M | -15.24M | 0 | 2.75M | 136.07M | 0 | 0 | 42.12M | 0 | 0 | 0 | 0 | 1.56M | 0 | 4.6M | 1.16M | 411K | 2.66M | 1.23M |
| Cash from Financing | 8.11M | 577.56M | 1.26B | 375.94M | -26.16M | -88.23M | 28.24M | 141.89M | -15.55M | 141.18M | 48.29M | -33.06M | 212.79M | 21.92M | 63.32M | -12.67M | -12.71M | 2.9M | 16.76M | -10.99M |
| Debt Issued (Net) | 12.13M | 592.71M | -1.88M | -63.49M | -23.26M | -86.58M | 34.5M | -20.5M | -13.5M | -18.45M | 51.95M | -30.5M | 86.5M | 23M | 65.39M | -10.62M | -11.13M | 4.56M | 19.07M | -9.85M |
| Equity Issued (Net) | 0 | -259K | 1.27B | 441.7M | -829K | 463K | -4.2M | 164.31M | 1K | 161.69M | -2.08M | 454K | 129.11M | 208K | 248K | 413K | -50K | 486K | -530K | 0 |
| Dividends Paid | -2.81M | -2.81M | -2.34M | -2.07M | -2.07M | -2.07M | -2.06M | -2.04M | -1.84M | -1.6M | -1.58M | -1.57M | -1.29M | -1.29M | -1.28M | -1.28M | -1.28M | -1.28M | -1.27M | -1.14M |
| Share Repurchases | 0 | 0 | 0 | 0 | -829K | 0 | -4.2M | 0 | 0 | 0 | -2.08M | 0 | 0 | 0 | 0 | 0 | -50K | 0 | -530K | 0 |
| Other Financing | -1.21M | -12.08M | -11.23M | -203K | 0 | -47K | 0 | 125K | -213K | -466K | 0 | -1.44M | -1.53M | 0 | -1.03M | -1.19M | -250K | -862K | -500K | 0 |
| Net Change in Cash | -9.57M | -1.16B | 1.17B | 60.57M | -8.12M | 6.4M | -18.52M | 21.12M | -11.09M | 8.42M | 2.8M | -12.9M | 16.49M | 3.63M | 54K | 388K | -281K | -127K | -20K | 135K |
| Free Cash Flow | 46.62M | 18.69M | -68.72M | 30.87M | 18.04M | 6.3M | -49.51M | 52.11M | 4.41M | -21.47M | -86.79M | 20.07M | 10.66M | -19.71M | -51.51M | 8.46M | 11.26M | -3.44M | -19.44M | 10.01M |
| FCF Margin % | 8.62% | 4.16% | -21.17% | 10.25% | 6.38% | 2.32% | -19.34% | 17.43% | 2.17% | -11.14% | -53.45% | 8.53% | 4.61% | -9.61% | -27.32% | 4.92% | 6.73% | -2.03% | -8.41% | 4.76% |
| FCF Growth % | 158.42% | 196.52% | -38.81% | -40.75% | 308.98% | 129.35% | 42.96% | 159.63% | -58.63% | -8.92% | -68.48% | 137.22% | -5.33% | -472.91% | -164.95% | -15.45% | -46.36% | 83.34% | 49.47% | 1158.94% |
| FCF per Share | 1.47 | 0.60 | -2.47 | 1.36 | 0.87 | 0.30 | -2.39 | 2.53 | 0.24 | -1.25 | -5.50 | 1.27 | 0.71 | -1.53 | -3.99 | 0.66 | 0.88 | -0.27 | -1.52 | 0.78 |
| FCF Conversion (FCF/Net Income) | 1.18x | 0.97x | -2.14x | 2.77x | 6.42x | 0.72x | 5.06x | 3.55x | 0.87x | 6.31x | 4.10x | 2.41x | 1.60x | -1.85x | -5.34x | 2.53x | 1.69x | -0.26x | -2.91x | 2.08x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |