$VVX
V2X, Inc.

2023 Q3 Form 10-Q Financial Statement

#000160154823000037 Filed on August 08, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q3
Revenue $1.002B $977.9M $498.1M
YoY Change 101.08% 114.22% 5.78%
Cost Of Revenue $930.8M $890.5M $453.3M
YoY Change 105.34% 112.38% 7.25%
Gross Profit $70.68M $87.40M $44.76M
YoY Change 57.9% 134.97% -7.11%
Gross Profit Margin 7.06% 8.94% 8.99%
Selling, General & Admin $49.64M $53.13M $23.84M
YoY Change 108.22% 66.24% -6.89%
% of Gross Profit 70.23% 60.79% 53.26%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $27.80M $28.52M $3.769M
YoY Change 637.6% 1692.52% -5.54%
% of Gross Profit 39.33% 32.63% 8.42%
Operating Expenses $49.64M $53.13M $23.84M
YoY Change 108.22% 66.24% -6.89%
Operating Profit $21.04M $34.27M $20.92M
YoY Change 0.56% 554.38% -7.35%
Interest Expense -$30.25M -$31.95M -$1.963M
YoY Change 1441.11% 1800.65% -12.87%
% of Operating Profit -143.79% -93.23% -9.38%
Other Income/Expense, Net $2.024M $311.0K $0.00
YoY Change
Pretax Income -$11.24M $2.009M $13.06M
YoY Change -186.05% -43.5% -35.76%
Income Tax -$4.800M $200.0K $2.586M
% Of Pretax Income 9.96% 19.8%
Net Earnings -$6.400M $1.799M $10.47M
YoY Change -161.12% -36.99% -34.28%
Net Earnings / Revenue -0.64% 0.18% 2.1%
Basic Earnings Per Share -$0.21 $0.06 -$0.57
Diluted Earnings Per Share -$0.21 $0.06 $876.0K
COMMON SHARES
Basic Shares Outstanding 31.19M shares 31.01M shares 29.83M shares
Diluted Shares Outstanding 31.18M shares 31.61M shares 30.17M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $78.30M $70.31M $31.76M
YoY Change 146.54% 205.73% -54.5%
Cash & Equivalents $78.30M $70.31M $144.1M
Short-Term Investments
Other Short-Term Assets $19.62M $23.91M $40.22M
YoY Change -51.21% 115.7% 45.75%
Inventory
Prepaid Expenses $80.82M $77.72M $74.48M
Receivables $707.9M $735.5M $369.6M
Other Receivables $7.458M $11.10M $5.412M
Total Short-Term Assets $894.1M $918.5M $447.0M
YoY Change 100.04% 109.91% -0.94%
LONG-TERM ASSETS
Property, Plant & Equipment $82.90M $82.28M $63.24M
YoY Change 31.1% 242.15% 179.65%
Goodwill $1.657B $1.657B $1.538B
YoY Change 7.76% 415.07% 384.15%
Intangibles $430.1M $452.7M $560.0M
YoY Change -23.19% 604.31% 713.72%
Long-Term Investments $4.400M $6.300M $6.700M
YoY Change -34.33% 36.96%
Other Assets $19.34M $22.25M $5.060M
YoY Change 282.27% 125.24% -43.16%
Total Long-Term Assets $2.232B $2.260B $458.9M
YoY Change 386.48% 389.22% 3.14%
TOTAL ASSETS
Total Short-Term Assets $894.1M $918.5M $447.0M
Total Long-Term Assets $2.232B $2.260B $458.9M
Total Assets $3.126B $3.179B $905.8M
YoY Change 245.15% 253.36% 1.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $437.6M $416.4M $244.1M
YoY Change 79.27% 77.42% 39.47%
Accrued Expenses $237.9M $255.4M $130.9M
YoY Change 81.8% 360.85% 217.43%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $15.50M $15.50M $10.40M
YoY Change 49.04% 49.04% 6.12%
Total Short-Term Liabilities $830.4M $832.3M $385.3M
YoY Change 115.49% 131.47% 21.68%
LONG-TERM LIABILITIES
Long-Term Debt $1.153B $1.190B $78.88M
YoY Change 1361.74% 997.89% -51.9%
Other Long-Term Liabilities $109.8M $114.4M $45.66M
YoY Change 140.4% 882.74% 6.32%
Total Long-Term Liabilities $1.307B $1.354B $124.5M
YoY Change 949.47% 628.5% -49.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $830.4M $832.3M $385.3M
Total Long-Term Liabilities $1.307B $1.354B $124.5M
Total Liabilities $2.137B $2.186B $542.4M
YoY Change 294.09% 300.8% -3.72%
SHAREHOLDERS EQUITY
Retained Earnings $231.3M $237.7M $264.0M
YoY Change -12.38% -12.15% 5.61%
Common Stock $312.0K $311.0K $305.0K
YoY Change 2.3% 163.56% 160.68%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $989.1M $992.7M $363.5M
YoY Change
Total Liabilities & Shareholders Equity $3.126B $3.179B $905.8M
YoY Change 245.15% 253.36% 1.08%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q3
OPERATING ACTIVITIES
Net Income -$6.400M $1.799M $10.47M
YoY Change -161.12% -36.99% -34.28%
Depreciation, Depletion And Amortization $27.80M $28.52M $3.769M
YoY Change 637.6% 1692.52% -5.54%
Cash From Operating Activities $57.10M $116.6M $46.02M
YoY Change 24.08% -542.11% 28.7%
INVESTING ACTIVITIES
Capital Expenditures $5.100M $2.467M -$1.297M
YoY Change -493.22% -212.39% -41.63%
Acquisitions
YoY Change
Other Investing Activities $900.0K $5.000K -$2.112M
YoY Change -142.61% -70.59% 34.69%
Cash From Investing Activities -$4.200M -$2.462M -$3.409M
YoY Change 23.2% 13.04% -10.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $370.0K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -42.10M -105.7M -29.30M
YoY Change 43.69% -958.12% 1291.92%
NET CHANGE
Cash From Operating Activities 57.10M 116.6M 46.02M
Cash From Investing Activities -4.200M -2.462M -3.409M
Cash From Financing Activities -42.10M -105.7M -29.30M
Net Change In Cash 10.80M 8.484M 13.31M
YoY Change -18.85% -154.69% -55.43%
FREE CASH FLOW
Cash From Operating Activities $57.10M $116.6M $46.02M
Capital Expenditures $5.100M $2.467M -$1.297M
Free Cash Flow $52.00M $114.2M $47.31M
YoY Change 9.9% -572.03% 24.59%

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Files In Submission

Name View Source Status
0001601548-23-000037-index-headers.html Edgar Link pending
0001601548-23-000037-index.html Edgar Link pending
0001601548-23-000037.txt Edgar Link pending
0001601548-23-000037-xbrl.zip Edgar Link pending
ex101formofagreement.htm Edgar Link pending
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