$VVX
V2X, Inc. Stock $vvx

$vvx Overview Financials Valuation SEC Filings Company Website

2017 Q1 Form 10-Q Financial Statement

#000160154817000062 Filed on May 09, 2017

Income Statement

Concept	2017 Q1	2016 Q2
Revenue	$290.1M	$310.7M
YoY Change		0.39%
Cost Of Revenue	$264.7M	$283.7M
YoY Change		0.41%
Gross Profit	$25.36M	$26.97M
YoY Change		0.09%
Gross Profit Margin	8.74%	8.68%
Selling, General & Admin	$13.71M	$15.16M
YoY Change		-5.84%
% of Gross Profit	54.07%	56.21%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$400.0K	$600.0K
YoY Change		-33.33%
% of Gross Profit	1.58%	2.22%
Operating Expenses	$13.71M	$15.16M
YoY Change		-5.84%
Operating Profit	$11.65M	$11.81M
YoY Change		8.91%
Interest Expense	-$1.134M	-$1.312M
YoY Change		-8.7%
% of Operating Profit	-9.73%	-11.11%
Other Income/Expense, Net
YoY Change
Pretax Income	$10.52M	$10.50M
YoY Change		11.6%
Income Tax	$3.847M	$3.910M
% Of Pretax Income	36.59%	37.24%
Net Earnings	$6.668M	$6.589M
YoY Change		9.45%
Net Earnings / Revenue	2.3%	2.12%
Basic Earnings Per Share	$0.61	$0.62
Diluted Earnings Per Share	$0.60	$0.61
COMMON SHARES
Basic Shares Outstanding	10.91M shares	10.63M shares
Diluted Shares Outstanding	11.08M shares	10.86M shares

Balance Sheet

Concept	2017 Q1	2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$53.70M	$38.60M
YoY Change		-3.5%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets	$7.478M	$8.461M
YoY Change		-54.53%
Inventory	$12.60M	$2.200M
Prepaid Expenses
Receivables	$162.1M	$191.5M
Other Receivables	$2.842M	$2.792M
Total Short-Term Assets	$238.7M	$243.5M
YoY Change		-12.29%
LONG-TERM ASSETS
Property, Plant & Equipment	$2.679M	$3.800M
YoY Change		-49.44%
Goodwill	$216.9M	$216.9M
YoY Change		0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$1.314M	$1.638M
YoY Change		-73.54%
Total Long-Term Assets	$220.9M	$222.4M
YoY Change		-3.58%
TOTAL ASSETS
Total Short-Term Assets	$238.7M	$243.5M
Total Long-Term Assets	$220.9M	$222.4M
Total Assets	$459.6M	$465.9M
YoY Change		-8.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$95.65M	$86.15M
YoY Change		-15.84%
Accrued Expenses	$18.47M	$25.27M
YoY Change		-42.55%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$17.50M	$22.00M
YoY Change		15.03%
Total Short-Term Liabilities	$182.5M	$189.2M
YoY Change		-24.45%
LONG-TERM LIABILITIES
Long-Term Debt	$62.79M	$86.34M
YoY Change		-16.86%
Other Long-Term Liabilities	$2.307M	$1.918M
YoY Change		-85.22%
Total Long-Term Liabilities	$152.4M	$179.7M
YoY Change		-5.65%
TOTAL LIABILITIES
Total Short-Term Liabilities	$182.5M	$189.2M
Total Long-Term Liabilities	$152.4M	$179.7M
Total Liabilities	$334.9M	$368.9M
YoY Change		-16.33%
SHAREHOLDERS EQUITY
Retained Earnings	$64.59M	$40.89M
YoY Change		185.65%
Common Stock	$109.0K	$107.0K
YoY Change		0.94%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$124.7M	$97.00M
YoY Change
Total Liabilities & Shareholders Equity	$459.6M	$465.9M
YoY Change		-8.34%

Cashflow Statement

Concept	2017 Q1	2016 Q2
OPERATING ACTIVITIES
Net Income	$6.668M	$6.589M
YoY Change		9.45%
Depreciation, Depletion And Amortization	$400.0K	$600.0K
YoY Change		-33.33%
Cash From Operating Activities	$9.914M	$1.685M
YoY Change		-93.76%
INVESTING ACTIVITIES
Capital Expenditures	$0.00	$0.00
YoY Change		-100.0%
Acquisitions	$0.00
YoY Change
Other Investing Activities	$0.00	$100.0K
YoY Change
Cash From Investing Activities	-$24.00K	$80.00K
YoY Change		-140.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net	$3.500M	$3.500M
YoY Change
Cash From Financing Activities	-$4.027M	-$4.127M
YoY Change		-72.85%
NET CHANGE
Cash From Operating Activities	$9.914M	$1.685M
Cash From Investing Activities	-$24.00K	$80.00K
Cash From Financing Activities	-$4.027M	-$4.127M
Net Change In Cash	$5.863M	-$2.362M
YoY Change		-120.36%
FREE CASH FLOW
Cash From Operating Activities	$9.914M	$1.685M
Capital Expenditures	$0.00	$0.00
Free Cash Flow	$9.914M	$1.685M
YoY Change		-93.71%

Facts In Submission

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CY2017Q1	dei	Entity Registrant Name EntityRegistrantName	Vectrus, Inc.
CY2017Q1	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2017Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
CY2017Q1	dei	Document Period End Date DocumentPeriodEndDate	2017-03-31
CY2017Q1	dei	Document Type DocumentType	10-Q
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CY2017Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2016Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2017Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2016Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2017Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2016Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2017Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2016Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2017Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q2	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	59000000	USD
CY2017Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	18000000	USD
CY2016Q2	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	111000	USD
CY2017Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	0	USD
CY2016Q2	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	0	USD
CY2017Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	50000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	3061000	USD
CY2017Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2679000	USD
CY2016Q4	us-gaap	Receivables Net Current ReceivablesNetCurrent	172072000	USD
CY2017Q1	us-gaap	Receivables Net Current ReceivablesNetCurrent	164901000	USD
CY2016Q2	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	59000000	USD
CY2017Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	18000000	USD
CY2016Q2	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	3500000	USD
CY2017Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	3500000	USD
CY2016Q4	us-gaap	Restructuring Reserve RestructuringReserve	2014000	USD
CY2017Q1	us-gaap	Restructuring Reserve RestructuringReserve	1346000	USD
CY2017Q1	us-gaap	Restructuring Reserve Accrual Adjustment1 RestructuringReserveAccrualAdjustment1	-53000	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	57959000	USD
CY2017Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	64586000	USD
CY2016Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	15160000	USD
CY2017Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	13713000	USD
CY2016Q2	us-gaap	Share Based Compensation ShareBasedCompensation	1713000	USD
CY2017Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1086000	USD
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	21.97
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	117401000	USD
CY2017Q1	us-gaap	Stockholders Equity StockholdersEquity	124731000	USD
CY2016Q4	us-gaap	Unbilled Contracts Receivable UnbilledContractsReceivable	127150000	USD
CY2017Q1	us-gaap	Unbilled Contracts Receivable UnbilledContractsReceivable	131085000	USD
CY2017Q1	us-gaap	Unbilled Receivables Not Billable At Balance Sheet Date Amount Expected To Be Collected After One Year UnbilledReceivablesNotBillableAtBalanceSheetDateAmountExpectedToBeCollectedAfterOneYear	3700000	USD
CY2016Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	400000	USD
CY2017Q1	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	400000	USD
CY2016Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	10856000	shares
CY2017Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	11075000	shares
CY2016Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	10628000	shares
CY2017Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	10909000	shares
CY2017Q1	vec	Defined Contribution Plan Numberof Plans DefinedContributionPlanNumberofPlans	1	plan
CY2016Q2	vec	Depreciation Depletionand Amortization Excluding Amortizationof Financing Costs DepreciationDepletionandAmortizationExcludingAmortizationofFinancingCosts	605000	USD
CY2017Q1	vec	Depreciation Depletionand Amortization Excluding Amortizationof Financing Costs DepreciationDepletionandAmortizationExcludingAmortizationofFinancingCosts	407000	USD
CY2017Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Estimates are revised as additional information becomes available. Estimates and assumptions are used for, but not limited to, revenue recognition, income tax contingency accruals, fair value and impairment of goodwill and valuation of assets and certain contingent liabilities. Actual results could differ from these estimates.</font></div></div>

Files In Submission

Name	View Source	Status
0001601548-17-000062-index-headers.html	Edgar Link	pending
0001601548-17-000062-index.html	Edgar Link	pending
0001601548-17-000062.txt	Edgar Link	pending
0001601548-17-000062-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
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R47.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
vec-0331201710xq.htm	Edgar Link	pending
vec-03312017x101.htm	Edgar Link	pending
vec-03312017x311.htm	Edgar Link	pending
vec-03312017x312.htm	Edgar Link	pending
vec-03312017x321.htm	Edgar Link	pending
vec-03312017x322.htm	Edgar Link	pending
vec-20170331.xml	Edgar Link	completed
vec-20170331.xsd	Edgar Link	pending
vec-20170331_cal.xml	Edgar Link	unprocessable
vec-20170331_def.xml	Edgar Link	unprocessable
vec-20170331_lab.xml	Edgar Link	unprocessable
vec-20170331_pre.xml	Edgar Link	unprocessable

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$VVX
V2X, Inc. Stock $vvx

2017 Q1 Form 10-Q Financial Statement

#000160154817000062 Filed on May 09, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VVX V2X, Inc. Stock $vvx

2017 Q1 Form 10-Q Financial Statement

#000160154817000062 Filed on May 09, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VVX
V2X, Inc. Stock $vvx