Income Statement Balance Sheet Cash Flow Statement
Annual Financials for GSE Systems Inc.
Fiscal year is January-December. All values USD millions. 2009 2010 2011 2012 2013 5-year trend
Sales/Revenue 40.06M 47.21M 51.13M 52.25M 47.56M
Cost of Goods Sold (COGS) incl. D&A 30.24M 36.76M 36.23M 35.38M 35.76M
COGS excluding D&A 29.25M 35.1M 33.97M 33.81M 34.44M
Depreciation & Amortization Expense 987,000 1.66M 2.26M 1.58M 1.32M
Depreciation 504,000 579,000 497,000 562,000 570,000
Amortization of Intangibles 483,000 1.08M 1.76M 1.02M 748,000
Gross Income 9.82M 10.45M 14.9M 16.86M 11.8M
2009 2010 2011 2012 2013 5-year trend
SG&A Expense 7.75M 11.68M 12.67M 14.51M 15.73M
Research & Development 1.3M 1.6M 1.8M 1.1M 2.9M
Other SG&A 6.45M 10.08M 10.87M 13.41M 12.83M
Other Operating Expense 1.51M 0 0 0 0
Unusual Expense (763,000) 913,000 68,000 475,000 6.37M
EBIT after Unusual Expense 763,000 (913,000) (68,000) (475,000) (6.37M)
Non Operating Income/Expense (1.26M) 83,000 113,000 (413,000) (30,000)
Non-Operating Interest Income 56,000 19,000 131,000 162,000 105,000
Equity in Affiliates (Pretax) 0 0 (41,000) 238,000 (148,000)
Interest Expense 0 0 0 0 0
Gross Interest Expense 0 0 0 0 0
Interest Capitalized 0 0 0 0 0
Pretax Income 120,000 (2.04M) 2.36M 1.86M (10.37M)
Income Tax 917,000 206,000 (438,000) 689,000 146,000
Income Tax - Current Domestic 109,000 9,000 369,000 41,000 26,000
Income Tax - Current Foreign 512,000 233,000 336,000 562,000 382,000
Income Tax - Deferred Domestic 0 0 (1M) 0 0
Income Tax - Deferred Foreign 296,000 (36,000) (141,000) 86,000 (262,000)
Income Tax Credits 0 0 0 0 0
Equity in Affiliates 0 0 - 0 0
Other After Tax Income (Expense) 0 0 0 0 0
Consolidated Net Income (797,000) (2.25M) 2.8M 1.17M (10.51M)
Minority Interest Expense 0 0 0 0 0
Net Income (797,000) (2.25M) 2.8M 1.17M (10.51M)
Extraordinaries & Discontinued Operations 0 0 0 0 0
Extra Items & Gain/Loss Sale Of Assets 0 0 0 0 0
Cumulative Effect - Accounting Chg 0 0 0 0 0
Discontinued Operations 0 0 0 0 0
Net Income After Extraordinaries (797,000) (2.25M) 2.8M 1.17M (10.51M)
Preferred Dividends 0 0 0 0 0
Net Income Available to Common (797,000) (2.25M) 2.8M 1.17M (10.51M)
EPS (Basic) (0.05) (0.12) 0.15 0.06 (0.58)
Basic Shares Outstanding 16.94M 18.98M 18.95M 18.38M 18.15M
EPS (Diluted) (0.05) (0.12) 0.15 0.06 (0.58)
Diluted Shares Outstanding 16.94M 18.98M 19.12M 18.46M 18.15M
EBITDA 1.55M 427,000 4.49M 3.93M (2.6M)
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