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董事会命令,
|
| | | |
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|
| | | |
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Page
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关于合并和特别会议的问答
|
| | | | 1 | | |
SUMMARY
|
| | | | 7 | | |
Parties to the Mergers
|
| | | | 7 | | |
The Merger
|
| | | | 8 | | |
Merger Consideration
|
| | | | 8 | | |
合并后公司的所有权
|
| | | | 8 | | |
合并后的公司治理
|
| | | | 8 | | |
董事会的建议;董事会合并的原因
|
| | | | 11 | | |
Vectrus财务顾问意见
|
| | | | 11 | | |
关于特别会议的信息
|
| | | | 11 | | |
Vectrus高管在合并中的利益
|
| | | | 12 | | |
Regulatory Approvals
|
| | | | 12 | | |
No Dissenters’ Rights
|
| | | | 12 | | |
完成合并的条件
|
| | | | 12 | | |
无顶点恳求
|
| | | | 14 | | |
Vectrus请柬
|
| | | | 14 | | |
Vectrus建议的更改
|
| | | | 16 | | |
合并协议终止;解约费
|
| | | | 17 | | |
Expenses
|
| | | | 18 | | |
其他相关协议
|
| | | | 18 | | |
Accounting Treatment
|
| | | | 19 | | |
Financing Matters
|
| | | | 19 | | |
交易的重大美国联邦所得税后果
|
| | | | 20 | | |
有关前瞻性陈述的警示声明
|
| | | | 21 | | |
RISK FACTORS
|
| | | | 24 | | |
与合并相关的风险
|
| | | | 24 | | |
合并后与合并公司相关的风险
|
| | | | 29 | | |
与Vertex业务和运营相关的风险
|
| | | | 39 | | |
关于特别会议的信息
|
| | | | 54 | | |
How to Vote
|
| | | | 54 | | |
待表决事项和董事会建议
|
| | | | 54 | | |
提案1 - 批准股票发行提案
|
| | | | 54 | | |
提案2 - 批准宪章修正案提案
|
| | | | 55 | | |
提案3 - 批准休会提案
|
| | | | 56 | | |
PARTIES TO THE MERGERS
|
| | | | 57 | | |
THE MERGERS
|
| | | | 58 | | |
The Mergers
|
| | | | 58 | | |
Merger Consideration
|
| | | | 58 | | |
合并后公司的所有权
|
| | | | 58 | | |
Financing Matters
|
| | | | 58 | | |
合并背景
|
| | | | 59 | | |
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Page
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董事会的建议;董事会合并的原因
|
| | | | 71 | | |
Vectrus财务顾问意见
|
| | | | 75 | | |
董事会和财务顾问使用的某些未经审计的预期财务信息
|
| | | | 80 | | |
Vectrus高管在合并中的利益
|
| | | | 83 | | |
金色降落伞补偿
|
| | | | 85 | | |
Vertex Equity Awards的处理
|
| | | | 87 | | |
合并后的公司治理
|
| | | | 87 | | |
合并的完成时间和生效时间
|
| | | | 91 | | |
Regulatory Approvals
|
| | | | 91 | | |
Accounting Treatment
|
| | | | 93 | | |
合并后的公司普通股在纽约证券交易所上市
|
| | | | 93 | | |
THE MERGER AGREEMENT
|
| | | | 94 | | |
关于合并协议的说明
|
| | | | 94 | | |
合并协议说明
|
| | | | 94 | | |
合并条款;合并考虑因素
|
| | | | 94 | | |
顶点股票期权的处理
|
| | | | 95 | | |
合并完成
|
| | | | 95 | | |
Vectrus治理事项
|
| | | | 96 | | |
陈述和保修
|
| | | | 97 | | |
Conduct of Business
|
| | | | 99 | | |
无顶点恳求
|
| | | | 103 | | |
Vectrus请柬
|
| | | | 104 | | |
Vectrus建议的更改
|
| | | | 106 | | |
获得所需股东批准的努力
|
| | | | 107 | | |
获得监管部门批准的努力
|
| | | | 108 | | |
争取融资的努力
|
| | | | 109 | | |
赔偿、免责和保险
|
| | | | 109 | | |
Certain Tax Matters
|
| | | | 110 | | |
其他公约和协议
|
| | | | 110 | | |
完成合并的条件
|
| | | | 111 | | |
合并协议终止;解约费
|
| | | | 113 | | |
Expenses
|
| | | | 115 | | |
修改、延期和豁免
|
| | | | 115 | | |
没有第三方受益人
|
| | | | 115 | | |
Specific Performance
|
| | | | 115 | | |
其他相关协议
|
| | | | 117 | | |
股东协议
|
| | | | 117 | | |
注册权协议
|
| | | | 120 | | |
Support Agreement
|
| | | | 121 | | |
未经审计的备考合并财务信息
|
| | | | 123 | | |
市场价格和股息数据
|
| | | | 138 | | |
顶点业务描述
|
| | | | 139 | | |
| | |
Page
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管理层对顶点公司财务状况和经营成果的讨论和分析
|
| | | | 148 | | |
交易的重大美国联邦所得税后果
|
| | | | 161 | | |
NO DISSENTERS’ RIGHTS
|
| | | | 162 | | |
某些受益所有者的担保所有权和管理
Vectrus和合并后的公司 |
| | | | 163 | | |
向拥有多个股东的家庭交付代理材料
|
| | | | 167 | | |
LEGAL MATTERS
|
| | | | 167 | | |
独立注册会计师事务所
|
| | | | 167 | | |
INDEPENDENT AUDITOR
|
| | | | 167 | | |
SHAREHOLDER PROPOSALS
|
| | | | 167 | | |
您可以在哪里找到更多信息
|
| | | | 168 | | |
财务报表索引
|
| | | | F-1 | | |
|
Place:
|
| | 特别会议将于#时举行[•]. | |
|
Time:
|
| | [•], 2022, at [•],东部时间 | |
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特别会议记录日期:
|
| | [•], 2022 | |
|
In Person:
|
| | 如果您正在参加特别会议,您可以亲自投票。如果您计划参加特别会议,请注意本委托书中“关于合并和特别会议的问答 - 我是否需要门票才能参加特别会议?”一节中规定的入场要求。 | |
|
By Internet:
|
| | 已收到代理卡或投票指示表格的股东可通过访问指定网站并按照代理卡或投票指示表格上的说明在互联网上投票。 | |
|
By Telephone:
|
| | 居住在美国或加拿大的登记在册股东可以通过电话1-800-690-6903并按照说明提交委托书。大多数股东是其股票的实益所有人,但不是居住在美国或加拿大的登记在册的股东,并已收到投票指示表格,可以通过拨打其经纪人、受托人或被提名人提供的投票指示表格上指定的号码进行电话投票。 | |
|
By Mail:
|
| | 已收到代理卡或投票指示表的股东可以通过填写、签名和注明日期来提交委托书,并将其邮寄到随附的预先写好地址的信封中。 | |
|
Matter
|
| | | | |
Board
Recommendation |
|
| 1. | | | 根据截至2022年3月7日的合并协议和计划,批准由Vectrus、Vertex、Merge Sub Inc.和Merger Sub LLC发行Vectrus普通股作为合并对价的建议,其副本作为本委托书附件A附于本委托书。 | | |
For
|
|
| 2. | | | 修改和重述Vectrus公司章程的提案,将Vectrus的名称更改为“V2X,Inc.”。 | | |
For
|
|
| 3. | | | 如有必要或适当,提议特别会议休会,包括在特别会议举行时票数不足以批准上述项目1或2的情况下征集更多委托书。 | | |
For
|
|
| | |
截至12月31日的财政年度
|
| |||||||||||||||||||||||||||
($ in millions)
|
| |
2022E
|
| |
2023E
|
| |
2024E
|
| |
2025E
|
| |
2026E
|
| |||||||||||||||
Revenue
|
| | | $ | 1,811 | | | | | $ | 2,195 | | | | | $ | 2,470 | | | | | $ | 2,670 | | | | | $ | 2,787 | | |
% Growth
|
| | | | | | | | | | 21.2% | | | | | | 12.5% | | | | | | 8.1% | | | | | | 4.4% | | |
Adjusted EBITDA(1)
|
| | | $ | 81 | | | | | $ | 104 | | | | | $ | 125 | | | | | $ | 143 | | | | | $ | 157 | | |
% Margin
|
| | | | 4.5% | | | | | | 4.8% | | | | | | 5.1% | | | | | | 5.3% | | | | | | 5.6% | | |
Unlevered free cash flow(2)
|
| | | $ | 35 | | | | | $ | 53 | | | | | $ | 77 | | | | | $ | 91 | | | | | $ | 103 | | |
| | |
截至12月31日的财政年度
|
| |||||||||||||||||||||||||||
($ in millions)
|
| |
2022E
|
| |
2023E
|
| |
2024E
|
| |
2025E
|
| |
2026E
|
| |||||||||||||||
Revenue
|
| | | $ | 1,774 | | | | | $ | 2,077 | | | | | $ | 2,256 | | | | | $ | 2,334 | | | | | $ | 2,438 | | |
% Growth
|
| | | | | | | | | | 17.1% | | | | | | 8.6% | | | | | | 3.4% | | | | | | 4.4% | | |
Adjusted EBITDA(1)
|
| | | $ | 193 | | | | | $ | 246 | | | | | $ | 285 | | | | | $ | 311 | | | | | $ | 315 | | |
% Margin
|
| | | | 10.9% | | | | | | 11.8% | | | | | | 12.6% | | | | | | 13.3% | | | | | | 12.9% | | |
Unlevered free cash flow(2)
|
| | | $ | 116 | | | | | $ | 159 | | | | | $ | 185 | | | | | $ | 208 | | | | | $ | 215 | | |
| | |
截至12月31日的财政年度
|
| |||||||||||||||||||||||||||
($ in millions)
|
| |
2022E
|
| |
2023E
|
| |
2024E
|
| |
2025E
|
| |
2026E
|
| |||||||||||||||
Revenue
|
| | | $ | 3,585 | | | | | $ | 4,272 | | | | | $ | 4,727 | | | | | $ | 5,004 | | | | | $ | 5,224 | | |
% Growth
|
| | | | | | | | | | 19.2% | | | | | | 10.6% | | | | | | 5.9% | | | | | | 4.4% | | |
调整后EBITDA(含协同效应)(1)
|
| | | $ | 273 | | | | | $ | 359 | | | | | $ | 425 | | | | | $ | 469 | | | | | $ | 488 | | |
% Margin
|
| | | | 7.6% | | | | | | 8.4% | | | | | | 9.0% | | | | | | 9.4% | | | | | | 9.3% | | |
Unlevered free cash flow(2)
|
| | | $ | 155 | | | | | $ | 214 | | | | | $ | 279 | | | | | $ | 320 | | | | | $ | 339 | | |
Synergies(3) | | | | $ | 3 | | | | | $ | 13 | | | | | $ | 20 | | | | | $ | 20 | | | | | $ | 20 | | |
| | |
Vectrus RSUs
|
| |
Vectrus TSR Awards
|
| | | | | | | ||||||||||||||||||
Name
|
| |
Number (#)
|
| |
Value ($)
|
| |
Target Value
Granted ($) |
| |
Value ($)(1)
|
| |
Total ($)
|
| |||||||||||||||
Charles L. Prow
|
| | | | 52,615 | | | | | | 1,890,457 | | | | | | 3,250,000 | | | | | | 3,250,000 | | | | | | 5,140,457 | | |
首席执行官 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Susan D. Lynch
|
| | | | 14,025 | | | | | | 503,918 | | | | | | 750,000 | | | | | | 750,000 | | | | | | 1,253,918 | | |
首席财务官 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Kevin T. Boyle
|
| | | | 8,342 | | | | | | 299,728 | | | | | | 512,500 | | | | | | 512,500 | | | | | | 812,228 | | |
首席法务官、总法律顾问兼公司秘书
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Susan L. Deagle
|
| | | | 10,949 | | | | | | 393,398 | | | | | | 645,000 | | | | | | 645,000 | | | | | | 1,038,398 | | |
首席增长官 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Corinne L. Minton-Package
|
| | | | 6,404 | | | | | | 230,096 | | | | | | 362,500 | | | | | | 362,500 | | | | | | 592,596 | | |
运营技术和企业高级副总裁 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | |
Vectrus RSUs
|
| |
Vectrus TSR Awards
|
| | | | | | | ||||||||||||||||||
Name
|
| |
Number (#)
|
| |
Value ($)
|
| |
Target Value
Granted ($) |
| |
Value ($)(1)
|
| |
Total ($)
|
| |||||||||||||||
Kenneth W. Shreves
|
| | | | 6,404 | | | | | | 230,096 | | | | | | 362,500 | | | | | | 362,500 | | | | | | 592,596 | | |
业务有机增长和运营支持高级副总裁
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Name
|
| |
Cash ($)
|
| |
Benefits
($)(1) |
| |
Total ($)
|
| |||||||||
Charles L. Prow
|
| | | | 4,462,500 | | | | | | 22,207 | | | | | | 4,484,707 | | |
首席执行官 | | | | | | | | | | | | | | | | | | | |
Susan D. Lynch
|
| | | | 1,750,000 | | | | | | 25,986 | | | | | | 1,775,986 | | |
首席财务官 | | | | | | | | | | | | | | | | | | | |
Kevin T. Boyle
|
| | | | 1,440,000 | | | | | | 25,986 | | | | | | 1,465,986 | | |
首席法务官、总法律顾问兼公司秘书 | | | | | | | | | | | | | | | | | | | |
Susan L. Deagle
|
| | | | 1,662,500 | | | | | | 14,047 | | | | | | 1,676,547 | | |
首席增长官 | | | | | | | | | | | | | | | | | | | |
Corinne L. Minton-Package
|
| | | | 960,000 | | | | | | 10,828 | | | | | | 970,828 | | |
运营技术和企业高级副总裁 | | | | | | | | | | | | | | | | | | | |
Kenneth W. Shreves
|
| | | | 960,000 | | | | | | 360 | | | | | | 960,360 | | |
业务有机增长和运营支持高级副总裁 | | | | | | | | | | | | | | | | | | | |
Name
|
| |
Account Balance ($)
|
| |
Total ($)
|
| ||||||
Charles L. Prow
|
| | | | 85,188 | | | | | | 85,188 | | |
首席执行官 | | | | | | | | | | | | | |
Susan D. Lynch
|
| | | | 11,916 | | | | | | 11,916 | | |
首席财务官 | | | | | | | | | | | | | |
Kevin T. Boyle
|
| | | | 11,146 | | | | | | 11,146 | | |
首席法务官、总法律顾问兼公司秘书 | | | | | | | | | | | | | |
Susan L. Deagle
|
| | | | 14,703 | | | | | | 14,703 | | |
首席增长官 | | | | | | | | | | | | | |
Corinne L. Minton-Package
|
| | | | 1,725 | | | | | | 1,725 | | |
运营技术和企业高级副总裁 | | | | | | | | | | | | | |
Kenneth W. Shreves
|
| | | | 2,712 | | | | | | 2,712 | | |
业务有机增长和运营支持高级副总裁 | | | | | | | | | | | | | |
Name
|
| |
Cash ($)(1)
|
| |
Equity ($)(2)
|
| |
Benefits ($)(3)
|
| |
Total ($)
|
| ||||||||||||
Charles L. Prow
|
| | | | 7,797,688 | | | | | | 1,890,457 | | | | | | 22,207 | | | | | | 9,710,352 | | |
首席执行官 | | | | | | | | | | | | | | | | | | | | | | | | | |
Susan D. Lynch
|
| | | | 2,511,916 | | | | | $ | 503,918 | | | | | | 25,986 | | | | | | 3,041,820 | | |
首席财务官 | | | | | | | | | | | | | | | | ||||||||||
Kevin T. Boyle
|
| | | | 1,963,646 | | | | | $ | 299,728 | | | | | | 25,986 | | | | | | 2,289,360 | | |
首席法务官、总法律顾问兼公司秘书
|
| | | | | | | | | | | | | | | | | | | | | | | | |
Susan L. Deagle
|
| | | | 2,322,203 | | | | | $ | 393,398 | | | | | | 14,047 | | | | | | 2,729,648 | | |
首席增长官 | | | | | | | | | | | | | | | | | | | | | | | | | |
Corinne L. Minton-Package
|
| | | | 1,324,225 | | | | | $ | 230,096 | | | | | | 10,828 | | | | | | 1,565,149 | | |
运营技术和企业高级副总裁 | | | | | | | | | | | | | | | | | | | | | | | | | |
Name
|
| |
Cash ($)(1)
|
| |
Equity ($)(2)
|
| |
Benefits ($)(3)
|
| |
Total ($)
|
| ||||||||||||
Kenneth W. Shreves
|
| | | | 1,325,212 | | | | | $ | 230,096 | | | | | | 360 | | | | | | 1,555,668 | | |
业务有机增长和运营支持高级副总裁
|
| | | | | | | | | | | | | | | | | | | | | | | | |
Name
|
| |
Severance
Component |
| |
AIP
Component |
| |
Vectrus TSR
Awards |
| |
Excess Savings
Plan |
| |
Total Cash
|
| |||||||||||||||
Charles L. Prow
|
| | | $ | 2,125,000 | | | | | $ | 2,337,500 | | | | | $ | 3,250,000 | | | | | $ | 85,188 | | | | | $ | 7,797,688 | | |
Susan D. Lynch
|
| | | $ | 1,000,000 | | | | | $ | 750,000 | | | | | $ | 750,000 | | | | | $ | 11,916 | | | | | $ | 2,511,916 | | |
Kevin T. Boyle
|
| | | $ | 900,000 | | | | | $ | 540,000 | | | | | $ | 512,500 | | | | | $ | 11,146 | | | | | $ | 1,963,646 | | |
Susan L. Deagle
|
| | | $ | 950,000 | | | | | $ | 712,500 | | | | | $ | 645,000 | | | | | $ | 14,703 | | | | | $ | 2,322,203 | | |
Corinne L. Minton-Package
|
| | | $ | 600,000 | | | | | $ | 360,000 | | | | | $ | 362,500 | | | | | $ | 1,725 | | | | | $ | 1,324,225 | | |
Kenneth W. Shreves
|
| | | $ | 600,000 | | | | | $ | 360,000 | | | | | $ | 362,500 | | | | | $ | 2,712 | | | | | $ | 1,325,212 | | |
Name
|
| |
Vectrus RSUs
|
| |
Total Equity
|
| ||||||
Charles L. Prow
|
| | | $ | 1,890,457 | | | | | $ | 1,890,457 | | |
Susan D. Lynch
|
| | | $ | 503,918 | | | | | $ | 503,918 | | |
Kevin T. Boyle
|
| | | $ | 299,728 | | | | | $ | 299,728 | | |
Susan L. Deagle
|
| | | $ | 393,398 | | | | | $ | 393,398 | | |
Corinne L. Minton-Package
|
| | | $ | 230,096 | | | | | $ | 230,096 | | |
Kenneth W. Shreves
|
| | | $ | 230,096 | | | | | $ | 230,096 | | |
| | |
前顶点股东持股门槛
|
| |||||||||||||||||||||
| | |
Greater than
or equal to 36% |
| |
Greater than
or equal to 32% |
| |
Greater than
or equal to 28% |
| |
Greater than
or equal to 25% |
| ||||||||||||
Vertex Holdco指定人数
|
| | | | 5 | | | | | | 4 | | | | | | 3 | | | | | | 2 | | |
| | |
前顶点股东持股门槛
|
| |||||||||||||||||||||
| | |
Greater than or
equal to 36% |
| |
Greater than or
equal to 32% |
| |
Greater than or
equal to 28% |
| |
Greater than or
equal to 25% |
| ||||||||||||
Vertex Holdco指定人数
|
| | | | 5 | | | | | | 4 | | | | | | 3 | | | | | | 2 | | |
(in thousands)
|
| |
Vectrus, Inc.
Historical |
| |
Vertex Aerospace
Services Holding Corp. Historical |
| |
Transaction
Accounting Adjustments (Note 5) |
| |
Ref.
|
| |
Pro Forma
Combined |
| |||||||||||||||
Assets
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Current assets: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
现金和现金等价物
|
| | | $ | 38,513 | | | | | $ | 44,904 | | | | | $ | 76,359 | | | | |
|
A
|
| | | | $ | 159,776 | | |
Receivables
|
| | | | 348,605 | | | | | | 317,429 | | | | | | — | | | | | | | | | | | | 666,034 | | |
Inventories, net
|
| | | | — | | | | | | 37,718 | | | | | | — | | | | | | | | | | | | 37,718 | | |
Prepaid expenses
|
| | | | 21,160 | | | | | | 690 | | | | | | — | | | | | | | | | | | | 21,850 | | |
Other current assets
|
| | | | 15,062 | | | | | | 564 | | | | | | — | | | | | | | | | | | | 15,626 | | |
Total current assets
|
| | |
|
423,340
|
| | | |
|
401,305
|
| | | |
|
76,359
|
| | | | | | | | | |
|
901,004
|
| |
财产、厂房和设备,净额
|
| | | | 23,758 | | | | | | 47,232 | | | | | | — | | | | | | | | | | | | 70,990 | | |
Goodwill
|
| | | | 321,734 | | | | | | 891,729 | | | | | | 320,327 | | | | |
|
B
|
| | | | | 1,533,790 | | |
Intangible assets, net
|
| | | | 66,582 | | | | | | 233,169 | | | | | | 290,896 | | | | |
|
C
|
| | | | | 590,647 | | |
Right-of-use assets
|
| | | | 43,651 | | | | | | — | | | | | | 17,903 | | | | |
|
D
|
| | | | | 61,554 | | |
Other non-current assets
|
| | | | 10,394 | | | | | | 15,595 | | | | | | 15,044 | | | | |
|
E
|
| | | | | 41,033 | | |
非流动资产合计
|
| | |
|
466,119
|
| | | |
|
1,187,725
|
| | | |
|
644,170
|
| | | | | | | | | |
|
2,298,014
|
| |
Total Assets
|
| | | $ | 889,459 | | | | | $ | 1,589,030 | | | | | $ | 720,529 | | | | | | | | | | | $ | 3,199,018 | | |
负债和股东权益
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
流动负债: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Accounts payable
|
| | | $ | 212,533 | | | | | $ | 120,714 | | | | | $ | — | | | | | | | | | | | $ | 333,247 | | |
薪酬和其他员工福利
|
| | | | 80,284 | | | | | | 33,230 | | | | | | — | | | | | | | | | | | | 113,514 | | |
Short-term debt
|
| | | | 10,400 | | | | | | 6,938 | | | | | | (8,450) | | | | |
|
G
|
| | | | | 8,888 | | |
其他应计负债
|
| | | | 55,031 | | | | | | 117,218 | | | | | | 64,736 | | | | |
|
F
|
| | | | | 236,985 | | |
流动负债总额
|
| | | | 358,248 | | | | | | 278,100 | | | | | | 56,286 | | | | | | | | | | | | 692,634 | | |
Long-term debt, net
|
| | | | 94,246 | | | | | | 1,069,290 | | | | | | 153,304 | | | | |
|
G
|
| | | | | 1,316,840 | | |
Deferred tax liability
|
| | | | 32,214 | | | | | | — | | | | | | 68,245 | | | | |
|
H
|
| | | | | 100,459 | | |
经营性租赁负债
|
| | | | 34,536 | | | | | | — | | | | | | 12,891 | | | | |
|
D
|
| | | | | 47,427 | | |
其他非流动负债
|
| | | | 20,128 | | | | | | 28,011 | | | | | | — | | | | | | | | | | | | 48,139 | | |
非流动负债合计
|
| | | | 181,124 | | | | | | 1,097,301 | | | | | | 234,440 | | | | | | | | | | | | 1,512,865 | | |
Total Liabilities
|
| | | | 539,372 | | | | | | 1,375,401 | | | | | | 290,726 | | | | | | | | | | | | 2,205,499 | | |
承付款和或有事项 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Shareholders’ equity: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Preferred stock
|
| | | | — | | | | | | — | | | | | | — | | | | | | | | | | | | — | | |
Common stock
|
| | | | 117 | | | | | | 3 | | | | | | 183 | | | | |
|
I
|
| | | | | 303 | | |
额外实收资本-普通股
|
| | | | 88,116 | | | | | | 301,476 | | | | | | 380,846 | | | | |
|
J
|
| | | | | 770,438 | | |
额外实收资本-优先股
|
| | | | — | | | | | | 75,000 | | | | | | (75,000) | | | | |
|
K
|
| | | | | — | | |
留存收益(累计亏损)
|
| | | | 267,754 | | | | | | (162,646) | | | | | | 123,570 | | | | |
|
L
|
| | | | | 228,678 | | |
累计其他综合损失
|
| | | | (5,900) | | | | | | (204) | | | | | | 204 | | | | |
|
M
|
| | | | | (5,900) | | |
股东权益合计
|
| | |
|
350,087
|
| | | |
|
213,629
|
| | | |
|
429,803
|
| | | | | | | | | |
|
993,519
|
| |
总负债和股东权益
|
| | | $ | 889,459 | | | | | $ | 1,589,030 | | | | | $ | 720,529 | | | | | | | | | | | $ | 3,199,018 | | |
(in thousands, except
for per share data) |
| |
Vectrus Inc.
Historical |
| |
Vertex
Aerospace Services Holding Corp. Historical |
| |
TTS
Business January 1, 2021 to December 6, 2021 Historical |
| |
Pro Forma
Adjustments related to the Vertex Acquisition of TTS (Note 6) |
| |
Ref
|
| |
Total Vertex
Aerospace Services Holding Corp. (Pro Forma) |
| |
Pro Forma
Adjustments related to the Vectrus acquisition of Vertex (Note 7) |
| |
Ref
|
| |
Pro Forma
Combined |
| |||||||||||||||||||||||||||
Revenue
|
| | | $ | 1,783,665 | | | | | $ | 813,159 | | | | | $ | 783,844 | | | | | | | | | | | | | | | | | $ | 1,597,003 | | | | | | — | | | | | | | | | | | $ | 3,380,668 | | |
Cost of revenue
|
| | | | 1,623,245 | | | | | | 719,169 | | | | | | 608,081 | | | | | | | | | | | | | | | | | | 1,327,250 | | | | | | 1,408 | | | | |
|
A
|
| | | | | 2,951,903 | | |
销售、一般和管理费用
|
| | | | 98,400 | | | | | | 48,220 | | | | | | 54,237 | | | | | | 9,611 | | | | |
|
A
|
| | | | | 112,068 | | | | | | 95,648 | | | | |
|
B、C、D
|
| | | | | 306,116 | | |
Operating Income
|
| | | | 62,020 | | | | | | 45,770 | | | | | | 121,526 | | | | | | (9,611) | | | | | | | | | | | | 157,685 | | | | | | (97,056) | | | | | | | | | | | | 122,649 | | |
Interest expense, net
|
| | | | (7,985) | | | | | | (19,546) | | | | | | — | | | | | | (44,747) | | | | |
|
B
|
| | | | | (64,293) | | | | | | (10,853) | | | | |
|
E
|
| | | | | (83,131) | | |
固定资产处置损失
|
| | | | — | | | | | | (1,303) | | | | | | — | | | | | | — | | | | | | | | | | | | (1,303) | | | | | | — | | | | | | | | | | | | (1,303) | | |
Loss on extinguishment
of debt |
| | | | — | | | | | | (7,295) | | | | | | — | | | | | | — | | | | | | | | | | | | (7,295) | | | | | | — | | | | | | | | | | | | (7,295) | | |
所得税前营业收入
|
| | | | 54,035 | | | | | | 17,626 | | | | | | 121,526 | | | | | | (54,358) | | | | | | | | | | | | 84,794 | | | | | | (107,909) | | | | | | | | | | | | 30,920 | | |
所得税优惠(费用)
|
| | | | (8,307) | | | | | | (5,977) | | | | | | (16,736) | | | | | | 12,013 | | | | |
|
C
|
| | | | | (10,700) | | | | | | 23,848 | | | | |
|
F
|
| | | | | 4,841 | | |
Net income.
|
| | | $ | 45,728 | | | | | $ | 11,649 | | | | | $ | 104,790 | | | | | $ | (42,345) | | | | | | | | | | | $ | 74,094 | | | | | $ | (84,061) | | | | | | | | | | | $ | 35,761 | | |
Earnings per share: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Basic
|
| | | $ | 3.91 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 1.17 | | |
Diluted
|
| | | $ | 3.86 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 1.16 | | |
加权平均流通股:
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Basic
|
| | | | 11,705 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 18,848 | | | | |
|
G
|
| | | | | 30,553 | | |
Diluted
|
| | | | 11,836 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 18,959 | | | | |
|
G
|
| | | | | 30,795 | | |
(in thousands)
|
| | | | | | |
转移的对价初步估计数(见下表)
|
| | | $ | 685,136 | | |
初步估计购置价分配如下: | | | | | | | |
Total current assets
|
| | | $ | 401,305 | | |
物业、厂房和设备
|
| | | | 47,232 | | |
Right of use assets
|
| | | | 17,903 | | |
Other assets
|
| | | | 19,552 | | |
Intangible assets
|
| | | | 524,065 | | |
Total assets acquired
|
| | | | 1,010,057 | | |
流动负债总额
|
| | | | 283,113 | | |
长期债务,扣除当前期限后的净额
|
| | | | 1,069,290 | | |
Other liabilities
|
| | | | 109,147 | | |
承担的总负债
|
| | | | 1,461,550 | | |
Preferred stock(1)
|
| | | | (75,427) | | |
Goodwill
|
| | | | 1,212,056 | | |
待收购净资产总额
|
| | | $ | 685,136 | | |
|
截至2022年3月7日已发行的Vertex普通股数量
|
| | | | 273,950 | | |
|
Option dilution as of March 7, 2022
|
| | | | 20,886 | | |
|
截至合并完成时Vertex普通股的总流通股
|
| | | | 294,836 | | |
|
Vectrus exchange ratio
|
| | | | 67.8668567 | | |
|
Vectrus在交易所发行的最大普通股数量(1)(2)
|
| | | | 20,009,574 | | |
|
减少:发放给Vertex员工的更换和现金结算奖励(3)
|
| | | | 1,417,706 | | |
|
Vectrus剩余普通股将在交易所发行
|
| | | | 18,591,868 | | |
|
截至2022年4月22日Vectrus收盘价
|
| | | $ | 36.71 | | |
|
拟发行普通股的公允价值估计(3)
|
| | | $ | 682,507 | | |
|
现金对价的公允价值估计(1)(3)(4)
|
| | | | 2,629 | | |
|
已转移总对价的初步估计
|
| | | $ | 685,136 | | |
(in thousands)
|
| |
Amount
|
| |||
新定期贷款融资收益
|
| | | $ | 260,000 | | |
Vectrus历史债务的偿还
|
| | | | (105,400) | | |
优先股赎回
|
| | | | (75,427) | | |
现金对价中包含的某些Vertex股票期权的现金结算
|
| | | | (2,629) | | |
超额储蓄计划付款
|
| | | | (185) | | |
预计调整总额
|
| | | $ | 76,359 | | |
(in thousands)
|
| |
Estimated Useful
Life |
| |
Preliminary Fair
Value |
| |||
Technology based
|
| |
10 years
|
| | | $ | 12,094 | | |
Customer-related
|
| |
13 years
|
| | | | 471,658 | | |
Certification based(1)
|
| |
Indefinite
|
| | | | 40,313 | | |
Vertex无形资产(商誉除外)的公允价值总额
|
| | | | | | $ | 524,065 | | |
减去:顶点历史无形资产
|
| | | | | | | 233,169 | | |
Pro forma adjustment
|
| | | | | | $ | 290,896 | | |
(in thousands)
|
| |
Amount
|
| |||
Right of use assets
|
| | | $ | 17,903 | | |
Deferred tax asset(1)
|
| | | $ | 3,957 | | |
经营租赁负债 - 短期
|
| | | $ | 5,013 | | |
经营租赁负债 - Long Term
|
| | | $ | 12,891 | | |
Deferred tax liability(1)
|
| | | $ | 3,957 | | |
(in thousands)
|
| |
Amount
|
| |||
超额储蓄计划付款(附注5(A))
|
| | | $ | (185) | | |
Policy alignment(1)
|
| | | | 1,408 | | |
经营租赁负债 - 短期
|
| | | | 5,013 | | |
Vectrus和Vertex递延融资费(注2)
|
| | | | 10,500 | | |
与交易相关的成本
|
| | | | 48,000 | | |
Pro forma adjustment
|
| | | $ | 64,736 | | |
(in thousands)
|
| |
Short-term debt
|
| |
Long-term debt
|
| ||||||
新定期贷款融资收益,净额(1)
|
| | | $ | 1,950 | | | | | $ | 252,050 | | |
Vectrus历史债务的偿还(2)
|
| | | | (10,400) | | | | | | (95,000) | | |
ABL设施和其他设施的新递延债务发行成本
debt(3) |
| | | | — | | | | | | (4,500) | | |
注销Vectrus历史债务发行成本(4)
|
| | | | — | | | | | | 754 | | |
Pro Forma adjustment
|
| | | $ | (8,450) | | | | | $ | 153,304 | | |
(in thousands)
|
| |
Amount
|
| |||
剔除历史顶点普通股
|
| | | $ | (3) | | |
对价转让面值调整
|
| | | | 186 | | |
预计调整总额
|
| | | $ | 183 | | |
(in thousands)
|
| |
Amount
|
| |||
消除历史顶点额外实收资本
|
| | | $ | (301,476) | | |
转让对价调整(较少普通股)
|
| | | | 682,322 | | |
预计调整总额
|
| | | $ | 380,846 | | |
(in thousands)
|
| |
Amount
|
| |||
消除历史顶点累计赤字
|
| | | $ | 162,646 | | |
预计交易成本
|
| | | | (37,392) | | |
注销Vectrus历史递延融资成本
|
| | | | (587) | | |
合同损失准备金政策调整
|
| | | | (1,097) | | |
Pro Forma adjustment
|
| | | $ | 123,570 | | |
(in thousands)
|
| |
For the twelve
months ended December 31, 2021 |
| |||
First lien facility
|
| | | $ | 43,938 | | |
Second lien facility
|
| | | | 15,262 | | |
递延发行费用摊销
|
| | | | 5,093 | | |
消除顶点历史费用
|
| | | | (19,546) | | |
Pro forma adjustment
|
| | | $ | 44,747 | | |
(in thousands)
|
| |
Estimated
Useful Life |
| |
Preliminary
Fair Value |
| |
For the twelve
months ended December 31, 2021 |
| ||||||
Technology based
|
| |
10 years
|
| | | $ | 12,094 | | | | | $ | 1,209 | | |
Customer-related
|
| |
13 years
|
| | | | 471,658 | | | | | | 36,281 | | |
Certification based
|
| |
Indefinite
|
| | | | 40,313 | | | | | | 不适用 | | |
Vertex无形资产公允价值总额
(other than Goodwill) |
| | | | | | $ | 524,065 | | | | | | | | |
减去:历史顶点和TTS摊销
|
| | | | | | | | | | | | | 24,056 | | |
Pro forma adjustment
|
| | | | | | | | | | | | $ | 13,434 | | |
Service Period
|
| |
Awards
|
| |
Preliminary Fair
Value |
| |
For the twelve
months ended December 31, 2021 |
| |||||||||
None – Cash Settled
|
| | | | 71,617 | | | | | $ | 2,629(1) | | | | | | 不适用 | | |
前雇员奖 | | | | | | | | | | | | | | | | | | | |
受限库存单位 | | | | | | | | | | | | | | | | | | | |
6 months
|
| | | | 517,918 | | | | | $ | 19,013 | | | | | $ | 19,013 | | |
24 months
|
| | | | 828,171 | | | | | $ | 30,402 | | | | | $ | 15,201 | | |
Total RSUs
|
| | | | 1,346,089 | | | | | $ | 49,415 | | | | | $ | 34,214 | | |
Pro forma adjustment
|
| | | | | | | | | | | | | | | $ | 34,214 | | |
(in thousands)
|
| |
For the twelve
months ended December 31, 2021 |
| |||
递增期限便利(1)
|
| | | $ | 13,251 | | |
ABL融资递延发行费用摊销(2)
|
| | | | 776 | | |
消除Vectrus历史费用(3)
|
| | | | (3,928) | | |
注销Vectrus历史债务发行成本(4)
|
| | | | 754 | | |
Pro forma adjustment
|
| | | $ | 10,853 | | |
| | |
Vectrus Common
Stock Price |
| |||||||||
| | |
High
|
| |
Low
|
| ||||||
2021 | | | | | | | | | | | | | |
第四季度(截至2021年12月31日)
|
| | | $ | 52.67 | | | | | $ | 40.67 | | |
第三季度(截至2021年10月1日)
|
| | | $ | 52.32 | | | | | $ | 42.72 | | |
第二季度(截至2021年7月2日)
|
| | | $ | 55.38 | | | | | $ | 47.39 | | |
第一季度(截至2021年4月2日)
|
| | | $ | 60.32 | | | | | $ | 47.26 | | |
2020 | | | | | | | | | | | | | |
第四季度(截至2020年12月31日)
|
| | | $ | 52.45 | | | | | $ | 37.70 | | |
第三季度(截至2020年10月2日)
|
| | | $ | 53.69 | | | | | $ | 36.83 | | |
第二季度(截至2020年7月3日)
|
| | | $ | 58.28 | | | | | $ | 35.96 | | |
第一季度(截至2020年4月3日)
|
| | | $ | 59.24 | | | | | $ | 28.90 | | |
2019 | | | | | | | | | | | | | |
第四季度(截至2019年12月31日)
|
| | | $ | 55.50 | | | | | $ | 38.84 | | |
第三季度(截至2019年9月27日)
|
| | | $ | 46.51 | | | | | $ | 36.24 | | |
第二季度(截至2019年6月28日)
|
| | | $ | 42.24 | | | | | $ | 26.71 | | |
第一季度(截至2019年3月29日)
|
| | | $ | 28.79 | | | | | $ | 21.27 | | |
2018 | | | | | | | | | | | | | |
第四季度(截至2018年12月31日)
|
| | | $ | 31.40 | | | | | $ | 19.61 | | |
第三季度(截至2018年9月28日)
|
| | | $ | 37.17 | | | | | $ | 30.40 | | |
第二季度(截至2018年6月29日)
|
| | | $ | 39.80 | | | | | $ | 28.01 | | |
第一季度(截至2018年3月30日)
|
| | | $ | 41.48 | | | | | $ | 26.62 | | |
| | |
Year Ended December 31,
|
| |||||||||
(In millions)
|
| |
2021
|
| |
2020
|
| ||||||
Air Force
|
| | | $ | 436 | | | | | $ | 552 | | |
Army
|
| | | | 290 | | | | | | 436 | | |
Navy
|
| | | | 493 | | | | | | 390 | | |
Other(1) | | | | | 378 | | | | | | 356 | | |
总收入
|
| | | $ | 1,597 | | | | | $ | 1,734 | | |
| | |
ADS Business
|
| |
TTS Business
|
| |
Consolidated
|
| |||||||||
主要合同收入%
|
| | | | 97 | | | | | | 88 | | | | | | 92.8% | | |
分包合同收入%
|
| | | | 3 | | | | | | 12 | | | | | | 7.2% | | |
Contract type
|
| |
ADS
Business |
| |
TTS
Business |
| |
Consolidated
|
| |||||||||
Fixed-price
|
| | | | 85% | | | | | | 75% | | | | | | 80% | | |
成本加成和可报销成本
|
| | | | 12% | | | | | | 24% | | | | | | 18% | | |
时间和材料
|
| | | | 3% | | | | | | 1% | | | | | | 2% | | |
总收入
|
| | | | 100% | | | | | | 100% | | | | | | 100% | | |
(In millions)
|
| |
As of December 31,
2021 |
| |||
资金积压
|
| | | $ | 630 | | |
资金不足的积压
|
| | | | 5,625 | | |
总积压
|
| | | $ | 6,255 | | |
| | |
Year Ended December 31,
|
| |
Change
|
| ||||||||||||||||||
(In thousands)
|
| |
2021
|
| |
2020
|
| |
$
|
| |
%
|
| ||||||||||||
Revenue
|
| | | $ | 813,159 | | | | | $ | 819,940 | | | | | $ | (6,781) | | | | | | (0.8) | | |
收入成本
|
| | | | 719,169 | | | | | | 726,776 | | | | | | (7,607) | | | | | | (1.0) | | |
% of revenue
|
| | | | 88.4% | | | | | | 88.6% | | | | | | | | | | | | | | |
销售、一般和行政费用
|
| | | | 48,220 | | | | | | 49,530 | | | | | | (1,310) | | | | | | (2.6) | | |
% of revenue
|
| | | | 5.9% | | | | | | 6.0% | | | | | | | | | | | | | | |
营业收入(亏损)
|
| | | | 45,770 | | | | | | 43,634 | | | | | | 2,136 | | | | | | 4.9 | | |
净资产处置损失
|
| | | | (1,303) | | | | | | (22,509) | | | | | | 21,206 | | | | | | (94.2) | | |
债务清偿损失
|
| | | | (7,295) | | | | | | — | | | | | | (7,295) | | | | | | 新墨西哥州 | | |
利息支出,净额
|
| | | | (19,546) | | | | | | (18,693) | | | | | | (853) | | | | | | (4.6) | | |
所得税前收入(亏损)
|
| | | | 17,626 | | | | | | 2,432 | | | | | | 15,194 | | | | | | 624.8 | | |
% of revenue
|
| | | | 2.2% | | | | | | 0.3% | | | | | | | | | | | | | | |
所得税优惠(费用)
|
| | | | (5,977) | | | | | | 13,528 | | | | | | (19,505) | | | | | | (144.2) | | |
Net Income (loss)
|
| | | $ | 11,649 | | | | | $ | 15,960 | | | | | $ | (4,311) | | | | | | (27.0) | | |
| | |
Year Ended December 31,
|
| |
Change
|
| ||||||||||||||||||
(In thousands)
|
| |
2021
|
| |
2020
|
| |
$
|
| |
%
|
| ||||||||||||
利息收入
|
| | | $ | 25 | | | | | $ | 193 | | | | | $ | (168) | | | | | | (87.0) | | |
利息支出
|
| | | | (19,571) | | | | | | (18,886) | | | | | | (685) | | | | | | (3.6) | | |
利息支出,净额
|
| | | $ | (19,546) | | | | | $ | (18,693) | | | | | $ | (853) | | | | | | (4.6) | | |
| | |
Year Ended December 31,
|
| |
Change
|
| ||||||||||||||||||
(In thousands)
|
| |
2020
|
| |
2019
|
| |
$
|
| |
%
|
| ||||||||||||
Revenue
|
| | | $ | 819,940 | | | | | $ | 933,622 | | | | | $ | (113,682) | | | | | | (12.2) | | |
收入成本
|
| | | | 726,776 | | | | | | 858,323 | | | | | | (131,547) | | | | | | (15.3) | | |
% of revenue
|
| | | | 88.6% | | | | | | 91.9% | | | | | | | | | | | | | | |
销售、一般和行政费用
|
| | | | 49,530 | | | | | | 103,911 | | | | | | (54,381) | | | | | | (52.3) | | |
% of revenue
|
| | | | 6.0% | | | | | | 11.1% | | | | | | | | | | | | | | |
营业收入(亏损)
|
| | | | 43,634 | | | | | | (28,612) | | | | | | 72,246 | | | | | | 252.5 | | |
净资产处置损失
|
| | | | (22,509) | | | | | | (2,623) | | | | | | (19,886) | | | | | | 758.1 | | |
利息支出,净额
|
| | | | (18,693) | | | | | | (23,028) | | | | | | 4,335 | | | | | | 18.8 | | |
所得税前收入(亏损)
|
| | | | 2,432 | | | | | | (54,263) | | | | | | 56,695 | | | | | | 104.5 | | |
% of revenue
|
| | | | 0.3% | | | | | | (5.8)% | | | | | | | | | | | | | | |
所得税优惠
|
| | | | 13,528 | | | | | | 609 | | | | | | 12,919 | | | | | | 2,121.4 | | |
Net Income (loss)
|
| | | $ | 15,960 | | | | | $ | (53,654) | | | | | $ | 69,614 | | | | | | 129.8 | | |
| | |
Year Ended December 31,
|
| |
Change
|
| ||||||||||||||||||
(In thousands)
|
| |
2020
|
| |
2019
|
| |
$
|
| |
%
|
| ||||||||||||
利息收入
|
| | | $ | 193 | | | | | $ | 1,659 | | | | | $ | (1,466) | | | | | | (88.4) | | |
利息支出
|
| | | | (18,886) | | | | | | (24,687) | | | | | | 5,801 | | | | | | (23.5) | | |
利息支出,净额
|
| | | $ | (18,693) | | | | | $ | (23,028) | | | | | $ | 4,335 | | | | | | (18.8) | | |
| | |
Year Ended December 31,
|
| |||||||||||||||
(In thousands)
|
| |
2021
|
| |
2020
|
| |
2019
|
| |||||||||
经营活动
|
| | | $ | 6,141 | | | | | $ | 37,773 | | | | | $ | 46,982 | | |
投资活动
|
| | | | (805,098) | | | | | | (2,550) | | | | | | 3,810 | | |
融资活动
|
| | | | 728,333 | | | | | | (3,425) | | | | | | (5,616) | | |
现金净变化
|
| | | $ | (70,624) | | | | | $ | 31,798 | | | | | $ | 45,176 | | |
(In thousands)
|
| |
Total
|
| |
Payment Due
Within 1 Year |
| ||||||
不可取消的经营租赁
|
| | | $ | 1,500 | | | | | $ | 1,500 | | |
Vertex信贷工具的本金付款
|
| | | | 1,110,000 | | | | | | 6,938 | | |
Total
|
| | | $ | 1,111,500 | | | | | $ | 8,438 | | |
受益人姓名和地址(1)
|
| |
Number of
Shares Beneficially Owned (Pre-Mergers)(2) |
| |
Percent of
Class (Pre-Mergers) |
| |
Number of
Shares Beneficially Owned (Post-Mergers)(2) |
| |
Percent of
Class (Post-Mergers) |
| ||||||||||||
Vectrus 5%或以上股东 | | | | | | | | | | | | | | | | | | | | | | | | | |
富达管理研究有限责任公司(3)
|
| | | | 1,557,168 | | | | | | 13.2% | | | | | | 1,557,168 | | | | | | 5.1% | | |
BlackRock, Inc.(4)
|
| | | | 1,405,687 | | | | | | 11.9% | | | | | | 1,405,687 | | | | | | 4.6% | | |
Dimension Fund Advisors,Inc.(5)
|
| | | | 641,067 | | | | | | 5.4% | | | | | | 641,067 | | | | | | 2.1% | | |
Polar Asset Management Partners,Inc.(6)
|
| | | | 625,055 | | | | | | 5.3% | | | | | | 625,055 | | | | | | 2.1% | | |
The Vanguard Group, Inc.(8)
|
| | | | 585,173 | | | | | | 5.0% | | | | | | 585,173 | | | | | | 1.9% | | |
Vectrus的董事和指定的高管 | | | | | | | | | | | | | | | | | | | | | | | | | |
Louis J. Giuliano(9)
|
| | | | 59,828 | | | | | | * | | | | | | 59,828 | | | | | | * | | |
Bradford J. Boston(10)
|
| | | | 22,579 | | | | | | * | | | | | | 22,579 | | | | | | * | | |
Mary L. Howell(11)
|
| | | | 26,319 | | | | | | * | | | | | | 26,319 | | | | | | * | | |
William F. Murdy(12)
|
| | | | 23,579 | | | | | | * | | | | | | 23,579 | | | | | | * | | |
Melvin F. Parker(13)
|
| | | | 11,577 | | | | | | * | | | | | | 11,577 | | | | | | * | | |
Eric M. Pillmore(14)
|
| | | | 29,579 | | | | | | * | | | | | | 29,579 | | | | | | * | | |
Stephen L. Waechter(15)
|
| | | | 31,579 | | | | | | * | | | | | | 31,579 | | | | | | * | | |
受益人姓名和地址(1)
|
| |
Number of
Shares Beneficially Owned (Pre-Mergers)(2) |
| |
Percent of
Class (Pre-Mergers) |
| |
Number of
Shares Beneficially Owned (Post-Mergers)(2) |
| |
Percent of
Class (Post-Mergers) |
| ||||||||||||
Phillip C. Widman(16)
|
| | | | 32,579 | | | | | | * | | | | | | 32,579 | | | | | | * | | |
Charles L. Prow(17)
|
| | | | 84,716 | | | | | | * | | | | | | 84,716 | | | | | | * | | |
Susan D. Lynch(18)
|
| | | | 5,282 | | | | | | * | | | | | | 5,282 | | | | | | * | | |
Susan L. Deagle(19)
|
| | | | 15,864 | | | | | | * | | | | | | 15,864 | | | | | | * | | |
Kevin T. Boyle(20)
|
| | | | 9,332 | | | | | | * | | | | | | 9,332 | | | | | | * | | |
Corinne L. Minton-Package(21)
|
| | | | 3,911 | | | | | | * | | | | | | 3,911 | | | | | | * | | |
Kenneth W. Shreves(22)
|
| | | | 6,051 | | | | | | * | | | | | | 6,051 | | | | | | * | | |
全体高管和董事(15人)
|
| | | | 371,070 | | | | | | 3.1% | | | | | | 371,070 | | | | | | 1.2% | | |
合并后公司5%或以上的股东
|
| | | | | | | | | | | | | | | | | | | | | | | | |
与美国工业伙伴相关的基金(7)
|
| | | | — | | | | | | — | | | | | | 18,500,001 | | | | | | 60.9% | | |
富达管理研究有限责任公司(3)
|
| | | | — | | | | | | — | | | | | | 1,557,168 | | | | | | 5.1% | | |
合并后公司的董事和指定高管
|
| | | | — | | | | | | — | | | | | | | | | | | | | | |
Louis J. Giuliano(9)
|
| | | | — | | | | | | — | | | | | | 59,828 | | | | | | * | | |
Bradford J. Boston(10)
|
| | | | — | | | | | | — | | | | | | 22,579 | | | | | | * | | |
Mary L. Howell(11)
|
| | | | — | | | | | | — | | | | | | 26,319 | | | | | | * | | |
William F. Murdy(12)
|
| | | | — | | | | | | — | | | | | | 23,579 | | | | | | * | | |
Melvin F. Parker(13)
|
| | | | — | | | | | | — | | | | | | 11,577 | | | | | | * | | |
Eric M. Pillmore(14)
|
| | | | — | | | | | | — | | | | | | 29,579 | | | | | | * | | |
Stephen L. Waechter(15)
|
| | | | — | | | | | | — | | | | | | 31,579 | | | | | | * | | |
Phillip C. Widman(16)
|
| | | | — | | | | | | — | | | | | | 32,579 | | | | | | * | | |
Charles L. Prow(17)
|
| | | | — | | | | | | — | | | | | | 84,716 | | | | | | * | | |
Susan D. Lynch(18)
|
| | | | — | | | | | | — | | | | | | 5,282 | | | | | | * | | |
Susan L. Deagle(19)
|
| | | | — | | | | | | — | | | | | | 15,864 | | | | | | * | | |
Kevin T. Boyle(20)
|
| | | | — | | | | | | — | | | | | | 9,332 | | | | | | * | | |
Corrine L. Minton-Package(21)
|
| | | | — | | | | | | — | | | | | | 3,911 | | | | | | * | | |
Kenneth W. Shreves(22)
|
| | | | — | | | | | | — | | | | | | 6,051 | | | | | | * | | |
John “Ed” Boyington
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Dino Cusumano
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Lee Evangelekos
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Joel Rotroff
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Neil Snyder
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
全体高管和董事(19人)
|
| | | | — | | | | | | — | | | | | | — | | | | | | * | | |
| | |
Page
|
| |||
Vertex航空航天服务控股公司 | | | |||||
经审计的财务报表(截至2021年和2020年12月31日的年度) | | | | | | | |
独立审计师报告
|
| | | | F-4 | | |
截至2021年12月31日和2020年12月31日的合并资产负债表
|
| | | | F-6 | | |
截至2021年12月31日和2020年12月31日的年度综合经营报表
|
| | | | F-7 | | |
截至2021年12月31日和2020年12月31日的合并全面收益表
|
| | | | F-8 | | |
截至2021年12月31日和2020年12月31日的年度股东权益变动合并报表
|
| | | | F-9 | | |
截至2021年12月31日和2020年12月31日的年度现金流量表合并报表
|
| | | | F-10 | | |
合并财务报表附注
|
| | | | F-11 | | |
经审计的财务报表(截至2020年和2019年12月31日的年度) | | | | | | | |
独立审计师报告
|
| | | | F-36 | | |
截至2020年12月31日和2019年12月31日的合并资产负债表
|
| | | | F-37 | | |
截至2020年12月31日和2019年12月31日的年度综合经营报表
|
| | | | F-38 | | |
截至2020年12月31日和2019年12月31日的年度股东权益变动合并报表
|
| | | | F-39 | | |
截至2020年12月31日和2019年12月31日的年度现金流量表合并报表
|
| | | | F-40 | | |
合并财务报表附注
|
| | | | F-41 | | |
The TTS Business | | | | | | | |
截至2020年12月31日和2019年12月31日的合并资产负债表(未经审计)
|
| | | | F-62 | | |
截至2020年12月31日和2019年12月31日的年度综合经营报表(未经审计)
|
| | | | F-63 | | |
截至2020年12月31日的综合全面收益表(未经审计)和
2019 |
| | | | F-64 | | |
截至2020年12月31日和2019年12月31日的合并现金流量表(未经审计)
|
| | | | F-65 | | |
截至2020年12月31日和2019年12月31日的合并母公司投资净额变动表(未经审计)
|
| | | | F-66 | | |
合并财务报表附注(未经审计)
|
| | | | F-67 | | |
| | |
Page
|
| |||
独立审计师报告
|
| | | | F-4 | | |
财务报表 | | | | | | | |
合并资产负债表
|
| | | | F-6 | | |
合并业务报表
|
| | | | F-7 | | |
综合全面收益表
|
| | | | F-8 | | |
合并股东权益变动表
|
| | | | F-9 | | |
现金流量表合并报表
|
| | | | F-10 | | |
合并财务报表附注
|
| | | | F-11 | | |
| | |
As of
December 31, 2021 |
| |
As of
December 31, 2020 |
| ||||||
ASSETS | | | | | | | | | | | | | |
Cash
|
| | | $ | 44,904 | | | | | $ | 115,528 | | |
应收账款,净额
|
| | | | 66,250 | | | | | | 18,286 | | |
未开单合同应收账款,净额
|
| | | | 251,179 | | | | | | 75,189 | | |
库存,净额
|
| | | | 37,718 | | | | | | 42,370 | | |
预付款和其他流动资产
|
| | | | 1,254 | | | | | | 5,185 | | |
可供出售的资产
|
| | | | — | | | | | | 968 | | |
流动资产总额
|
| | | | 401,305 | | | | | | 257,526 | | |
财产和设备,净额
|
| | | | 47,232 | | | | | | 25,529 | | |
无形资产,净额
|
| | | | 233,169 | | | | | | 83,014 | | |
Goodwill
|
| | | | 891,729 | | | | | | 240,504 | | |
递延税金资产,净额
|
| | | | 8,296 | | | | | | 12,550 | | |
其他长期资产
|
| | | | 7,299 | | | | | | 1,199 | | |
Total assets
|
| | | $ | 1,589,030 | | | | | $ | 620,322 | | |
负债和股东权益 | | | | | | | | | | | | | |
应付账款
|
| | | $ | 120,714 | | | | | $ | 70,047 | | |
应计薪金和福利
|
| | | | 33,230 | | | | | | 19,734 | | |
超额预付款和账单
|
| | | | 81,340 | | | | | | 14,104 | | |
其他应计费用
|
| | | | 8,974 | | | | | | 8,238 | | |
长期债务的当期部分
|
| | | | 6,938 | | | | | | 3,300 | | |
损失合同准备金当期部分
|
| | | | 20,647 | | | | | | 17,923 | | |
应付股息
|
| | | | — | | | | | | 100,000 | | |
其他流动负债
|
| | | | 6,257 | | | | | | 1,599 | | |
流动负债总额
|
| | | | 278,100 | | | | | | 234,945 | | |
长期债务,净额
|
| | | | 1,069,290 | | | | | | 311,620 | | |
损失合同准备金的长期部分
|
| | | | 14,188 | | | | | | 16,345 | | |
其他长期负债
|
| | | | 13,823 | | | | | | 5,467 | | |
总负债
|
| | | | 1,375,401 | | | | | | 568,377 | | |
Stockholders’ Equity | | | | | | | | | | | | | |
普通股,面值0.01美元,分别为400,000股和251,332股;已发行和已发行股票分别为273,944股和226,220股
|
| | | | 3 | | | | | | 2 | | |
优先股,8%实物支付,面值.001美元,75,000股,0股授权,
分别为75,000股和0股已发行和已发行股票 |
| | | | — | | | | | | — | | |
额外实收资本 - 普通股
|
| | | | 301,476 | | | | | | 226,218 | | |
额外实收资本 - 优先股
|
| | | | 75,000 | | | | | | — | | |
其他综合损失
|
| | | | (204) | | | | | | — | | |
留存收益
|
| | | | (162,646) | | | | | | (174,275) | | |
股东权益总额
|
| | | | 213,629 | | | | | | 51,945 | | |
总负债和股东权益
|
| | | $ | 1,589,030 | | | | | $ | 620,322 | | |
| | |
Year Ended
December 31, 2021 |
| |
Year Ended
December 31, 2020 |
| ||||||
Revenues: | | | | | | | | | | | | | |
Sales
|
| | | $ | 813,159 | | | | | $ | 819,940 | | |
Cost of sales
|
| | | | 719,169 | | | | | | 726,776 | | |
Gross profit
|
| | | | 93,990 | | | | | | 93,164 | | |
运营成本和费用: | | | | | | | | | | | | | |
销售、一般和行政费用
|
| | | | 48,220 | | | | | | 49,530 | | |
营业收入
|
| | | | 45,770 | | | | | | 43,634 | | |
Other expenses: | | | | | | | | | | | | | |
剥离净资产亏损(附注4和9)
|
| | | | — | | | | | | (22,509) | | |
处置资产损失
|
| | | | (1,303) | | | | | | — | | |
债务清偿损失
|
| | | | (7,295) | | | | | | — | | |
利息支出,净额
|
| | | | (19,546) | | | | | | (18,693) | | |
其他费用合计
|
| | | | (28,144) | | | | | | (41,202) | | |
所得税前收入
|
| | | | 17,626 | | | | | | 2,432 | | |
所得税(费用)优惠
|
| | | | (5,977) | | | | | | 13,528 | | |
Net income
|
| | | $ | 11,649 | | | | | $ | 15,960 | | |
| | |
Year Ended
December 31, 2021 |
| |
Year Ended
December 31, 2020 |
| ||||||
Net income
|
| | | $ | 11,649 | | | | | $ | — | | |
其他综合损失: | | | | | | | | | | | | | |
外币折算调整
|
| | | | (204) | | | | | | — | | |
其他综合损失合计
|
| | | | (204) | | | | | | — | | |
综合收益
|
| | | $ | 11,445 | | | | | $ | — | | |
| | |
Common Stock
|
| |
Preferred Stock
|
| | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||
| | |
Shares
|
| |
Value
|
| |
Additional
Paid in Capital |
| |
Shares
|
| |
Value
|
| |
Additional
Paid in Capital |
| |
Accumulated Other
Comprehensive Loss |
| |
Retained
Earnings |
| |
Total
Shareholders’ Equity |
| |||||||||||||||||||||||||||
期初余额,2019年12月31日
|
| | | | 226,345 | | | | | $ | 2 | | | | | $ | 226,343 | | | | | | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | (57,274) | | | | | $ | 169,071 | | |
回购并注销的股票
|
| | | | (125) | | | | | | — | | | | | | (125) | | | | |
|
—
|
| | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (125) | | |
宣布分红
|
| | | | — | | | | | | — | | | | | | — | | | | |
|
—
|
| | | | | — | | | | | | — | | | | | | — | | | | | | (100,000) | | | | | | (100,000) | | |
Crestview衍生产品
|
| | | | — | | | | | | — | | | | | | — | | | | |
|
—
|
| | | | | — | | | | | | — | | | | | | — | | | | | | (32,961) | | | | | | (32,961) | | |
Net income
|
| | | | — | | | | | | — | | | | | | — | | | | |
|
—
|
| | | | | — | | | | | | — | | | | | | — | | | | | | 15,960 | | | | | | 15,960 | | |
期末余额,2020年12月31日
|
| | | | 226,220 | | | | | $ | 2 | | | | | $ | 226,218 | | | | | | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | (174,275) | | | | | $ | 51,945 | | |
回购并注销的股票
|
| | | | (100) | | | | | | — | | | | | | (100) | | | | |
|
—
|
| | | | | — | | | | | | — | | | | | | — | | | | | | (20) | | | | | | (120) | | |
股东的贡献
|
| | | | 47,824 | | | | | | 1 | | | | | | 75,358 | | | | |
|
—
|
| | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 75,359 | | |
发行的优先股
|
| | | | — | | | | | | — | | | | | | — | | | | | | 75,000 | | | | | | — | | | | | | 75,000 | | | | | | — | | | | | | — | | | | | | 75,000 | | |
外币折算调整
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (204) | | | | | | — | | | | | | (204) | | |
Net income
|
| | | | — | | | | | | — | | | | | | — | | | | | | | | | | | | — | | | | | | — | | | | | | — | | | | | | 11,649 | | | | | | 11,649 | | |
期末余额,2021年12月31日
|
| | | | 273,944 | | | | | $ | 3 | | | | | $ | 301,476 | | | | | | 75,000 | | | | | $ | — | | | | | $ | 75,000 | | | | | $ | (204) | | | | | $ | (162,646) | | | | | $ | 213,629 | | |
经营活动现金流:
|
| |
Year Ended
December 31, 2021 |
| |
Year Ended
December 31, 2020 |
| ||||||
Net income
|
| | | $ | 11,649 | | | | | $ | 15,960 | | |
将净收入与经营活动提供的净现金流量进行调整:
|
| | | | 5,388 | | | | | | 10,487 | | |
财产和设备折旧
|
| | | | | | | | | | | | |
无形资产摊销
|
| | | | 14,445 | | | | | | 13,013 | | |
坏账收回
|
| | | | (6,447) | | | | | | (4,465) | | |
库存陈旧储备
|
| | | | (469) | | | | | | (16,126) | | |
递延融资成本摊销
|
| | | | 919 | | | | | | 1,179 | | |
剥离净资产亏损
|
| | | | — | | | | | | 22,509 | | |
递延税金资产,净额
|
| | | | 4,254 | | | | | | (12,550) | | |
损失合同条款
|
| | | | (10,034) | | | | | | (13,647) | | |
处置财产和设备的收益
|
| | | | (1,960) | | | | | | — | | |
处置损失
|
| | | | 3,263 | | | | | | — | | |
债务清偿损失
|
| | | | 7,295 | | | | | | — | | |
经营性资产和负债变动:
|
| | | | | | | | | | | | |
应收账款
|
| | | | 17,248 | | | | | | 23,029 | | |
未开单的合同应收账款
|
| | | | (52,491) | | | | | | 5,420 | | |
Inventories
|
| | | | 4,361 | | | | | | 12,748 | | |
预付款和其他流动资产
|
| | | | 4,345 | | | | | | 3,609 | | |
可供出售的资产
|
| | | | 968 | | | | | | (968) | | |
Other assets
|
| | | | 1,191 | | | | | | 227 | | |
应付账款
|
| | | | (2,596) | | | | | | (3,084) | | |
应计薪金和福利
|
| | | | 5,569 | | | | | | 236 | | |
超额预付款和账单
|
| | | | (184) | | | | | | (17,190) | | |
其他应计费用
|
| | | | 526 | | | | | | (1,232) | | |
其他负债
|
| | | | (1,099) | | | | | | (1,382) | | |
经营活动提供的现金净额
|
| | | | 6,141 | | | | | | 37,773 | | |
投资活动现金流: | | | | | | | | | | | | | |
收购业务,净额收购现金
|
| | | | (810,683) | | | | | | — | | |
财产和设备的净变化
|
| | | | 5,585 | | | | | | (2,550) | | |
用于投资活动的现金净额
|
| | | | (805,098) | | | | | | (2,550) | | |
融资活动的现金流: | | | | | | | | | | | | | |
从ABL信贷工具借款
|
| | | | 108,750 | | | | | | — | | |
ABL信贷工具的还款
|
| | | | (108,750) | | | | | | — | | |
偿还长期债务
|
| | | | (321,750) | | | | | | (3,300) | | |
长期债务收益
|
| | | | 1,110,000 | | | | | | — | | |
已支付股息
|
| | | | (100,000) | | | | | | — | | |
债务发行成本
|
| | | | (35,156) | | | | | | — | | |
股东的贡献
|
| | | | 75,359 | | | | | | — | | |
从股东手中回购的股票
|
| | | | (120) | | | | | | (125) | | |
融资活动提供(使用)的现金净额
|
| | | | 728,333 | | | | | | (3,425) | | |
现金净(减)增
|
| | | | (70,624) | | | | | | 31,798 | | |
现金,期初
|
| | | | 115,528 | | | | | | 83,730 | | |
现金,期末
|
| | | $ | 44,904 | | | | | $ | 115,528 | | |
现金流量信息补充披露 | | | | | | | | | | | | | |
在此期间支付的现金:
|
| | | | | | | | | | | | |
Interest
|
| | | $ | 17,509 | | | | | $ | 17,382 | | |
Income taxes
|
| | | | 1,518 | | | | | | 746 | | |
非现金投融资活动补充日程表: | | | | | | | | | | | | | |
已宣布和未支付的股息
|
| | | $ | — | | | | | $ | 100,000 | | |
剥离净资产
|
| | | | — | | | | | | 32,961 | | |
优先股发行
|
| | | | 75,000 | | | | | | — | | |
在企业收购中获得的现金
|
| | | | 16,985 | | | | | | — | | |
|
Cash
|
| | | $ | 16,985 | | |
|
应收账款
|
| | | | 58,765 | | |
|
未开单的合同应收账款
|
| | | | 123,499 | | |
|
Inventories
|
| | | | 2,503 | | |
|
预付款和其他流动资产
|
| | | | 414 | | |
|
财产和设备
|
| | | | 30,919 | | |
|
Other assets
|
| | | | 7,291 | | |
|
与客户相关的无形资产
|
| | | | 164,600 | | |
|
Total assets
|
| | |
|
404,976
|
| |
|
应付账款
|
| | | | 53,263 | | |
|
应计薪金和福利
|
| | | | 7,927 | | |
|
超额预付款和账单
|
| | | | 67,420 | | |
|
应计其他费用
|
| | | | 210 | | |
|
损失合同准备金
|
| | | | 10,600 | | |
|
其他流动负债
|
| | | | 1,868 | | |
|
其他长期负债
|
| | | | 12,245 | | |
|
总负债
|
| | |
|
153,533
|
| |
|
Goodwill
|
| | | | 651,225 | | |
|
全部对价已转移
|
| | |
$
|
902,668
|
| |
|
Total assets
|
| | | | 63,861 | | |
|
总负债
|
| | | | 8,412 | | |
|
Total equity
|
| | | | 55,449 | | |
| | |
Period Ended December 31,
|
| |||||||||
($ in thousands)
|
| |
2021
|
| |
2020
|
| ||||||
未开单合同应收款,毛额
|
| | | $ | 251,179 | | | | | $ | 75,189 | | |
未开单合同应收账款,净额
|
| | | | 251,179 | | | | | | 75,189 | | |
库存合同成本
|
| | | | 498 | | | | | | 692 | | |
进行中的合同总数
|
| | | $ | 251,677 | | | | | $ | 75,881 | | |
| | |
Period ended December 31,
|
| |||||||||
($ in thousands)
|
| |
2021
|
| |
2020
|
| ||||||
原材料、部件和组件
|
| | | $ | 41,830 | | | | | $ | 46,951 | | |
超额和过时准备金
|
| | | | (4,112) | | | | | | (4,581) | | |
总库存,净额
|
| | | $ | 37,718 | | | | | $ | 42,370 | | |
| | |
Useful Lives
(Years) |
| |
Period ended December 31,
|
| |||||||||
($ in thousands)
|
| |
2021
|
| |
2020
|
| |||||||||
Land
|
| |
Indefinite
|
| | | $ | 378 | | | | | $ | 384 | | |
建筑和改进
|
| |
4 – 13
|
| | | | 8,612 | | | | | | 7,956 | | |
机器、设备、家具和固定装置
|
| |
2 – 9
|
| | | | 47,259 | | | | | | 28,996 | | |
租赁改进
|
| |
2 – 6
|
| | | | 9,327 | | | | | | — | | |
总财产和设备
|
| | | | | | $ | 65,576 | | | | | $ | 37,336 | | |
累计折旧和摊销
|
| | | | | | | (18,344) | | | | | | (11,807) | | |
财产和设备,净额
|
| | | | | | $ | 47,232 | | | | | $ | 25,529 | | |
| | |
Period ended December 31,
|
| |||||||||
($ in thousands)
|
| |
2021
|
| |
2020
|
| ||||||
可供销售
|
| | | $ | — | | | | | $ | 968 | | |
| | |
Period ended December 31,
|
| |||||||||
($ in thousands)
|
| |
2021
|
| |
2020
|
| ||||||
期初
|
| | | $ | 240,504 | | | | | $ | 252,575 | | |
与交易相关的记录
|
| | | | 651,225 | | | | | | — | | |
将商誉分配给剥离
|
| | |
|
—
|
| | | | | (12,071) | | |
End of period
|
| | | $ | 891,729 | | | | | $ | 240,504 | | |
| | |
2021
|
| | |
2020
|
| ||||||||||||||||||||||||||||||
($ in thousands)
|
| |
Gross
Carrying Amount |
| |
Accum. Amort.
|
| |
Total
|
| | |
Gross
Carrying Amount |
| |
Accum. Amort.
|
| |
Total
|
| ||||||||||||||||||
Finite Lived: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
客户合同关系
|
| | | $ | 233,100 | | | | | $ | (69,931) | | | | | $ | 163,169 | | | | | | $ | 68,500 | | | | | $ | (55,486) | | | | | $ | 13,014 | | |
Infinite Lived: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Trademark
|
| | | | 70,000 | | | | | | — | | | | | | 70,000 | | | | | | | 70,000 | | | | | | — | | | | | | 70,000 | | |
期末余额
|
| | | $ | 303,100 | | | | | $ | (69,931) | | | | | $ | 233,169 | | | | | | $ | 138,500 | | | | | $ | (55,486) | | | | | $ | 83,014 | | |
| | |
Period ended December 31,
|
| |||||||||
($ in thousands)
|
| |
2021
|
| |
2020
|
| ||||||
ABL信贷安排下的未偿还借款
|
| | | $ | — | | | | | $ | — | | |
2027年到期的定期贷款协议
|
| | | | — | | | | | | 321,750 | | |
2028年到期的第一笔留置权定期贷款协议
|
| | | | 925,000 | | | | | | — | | |
2029年到期的第二份留置权定期贷款协议
|
| | | | 185,000 | | | | | | — | | |
长期债务本金
|
| | | | 1,110,000 | | | | | | 321,750 | | |
延期发债成本
|
| | | | (33,772) | | | | | | (6,830) | | |
长期债务账面金额
|
| | | | 1,076,228 | | | | | | 314,920 | | |
当前到期时间较短
|
| | | | (6,938) | | | | | | (3,300) | | |
长期债务总额,减去当前到期日
|
| | | $ | 1,069,290 | | | | | $ | 311,620 | | |
($ in thousands)
|
| | | | | | |
2022
|
| | | $ | 6,938 | | |
2023
|
| | | | 9,250 | | |
2024
|
| | | | 9,250 | | |
2025
|
| | | | 9,250 | | |
2026
|
| | | | 9,250 | | |
Thereafter
|
| | | | 1,066,062 | | |
Total
|
| | | $ | 1,110,000 | | |
| | |
Period ended December 31,
|
| |||||||||
($ in thousands)
|
| |
2021
|
| |
2020
|
| ||||||
Domestic
|
| | | $ | 5,860 | | | | | $ | (13,457) | | |
Foreign
|
| | | | 117 | | | | | | (71) | | |
所得税拨备总额
|
| | | $ | 5,977 | | | | | $ | (13,528) | | |
| | |
Period ended December 31,
|
| |||||||||
($ in thousands)
|
| |
2021
|
| |
2020
|
| ||||||
当前所得税拨备: | | | | | | | | | | | | | |
Federal
|
| | | $ | — | | | | | $ | (216) | | |
州和地方
|
| | | | 1,606 | | | | | | 384 | | |
Foreign
|
| | | | 117 | | | | | | (71) | | |
Sub-total
|
| | | | 1,723 | | | | | | 97 | | |
递延所得税拨备: | | | | | | | | | | | | | |
Federal
|
| | | | 3,289 | | | | | | (11,723) | | |
州和地方
|
| | | | 965 | | | | | | (1,902) | | |
Foreign
|
| | |
|
—
|
| | | | | — | | |
Sub-total
|
| | | | 4,254 | | | | | | (13,625) | | |
所得税拨备总额
|
| | | $ | 5,977 | | | | | $ | (13,528) | | |
| | |
Period ended December 31,
|
| |||||||||
($ in thousands)
|
| |
2021
|
| |
2020
|
| ||||||
Deferred tax assets: | | | | | | | | | | | | | |
库存储备
|
| | | $ | 451 | | | | | $ | 503 | | |
薪酬和福利
|
| | | | 1,939 | | | | | | 3,439 | | |
利息费用结转
|
| | | | 2,205 | | | | | | — | | |
亏损结转
|
| | | | 4,356 | | | | | | 3,168 | | |
商誉以外的无形资产
|
| | | | 11,549 | | | | | | 8,911 | | |
其他应计费用和准备金
|
| | | | 7,816 | | | | | | 10,608 | | |
递延纳税资产
|
| | | | 28,316 | | | | | | 26,629 | | |
| | |
Period ended December 31,
|
| |||||||||
($ in thousands)
|
| |
2021
|
| |
2020
|
| ||||||
减去估值免税额
|
| | | | — | | | | | | — | | |
递延纳税资产,扣除估值免税额后的净额
|
| | | | 28,316 | | | | | | 26,629 | | |
递延纳税义务: | | | | | | | | | | | | | |
Goodwill
|
| | | | (13,464) | | | | | | (9,113) | | |
财产和设备
|
| | | | (6,556) | | | | | | (4,966) | | |
递延纳税义务
|
| | | | (20,020) | | | | | | (14,079) | | |
递延税金净资产总额
|
| | | $ | 8,296 | | | | | $ | 12,550 | | |
|
| | |
Period ended December 31,
|
| |||||||||||||||||||||
| | |
2021
|
| |
2020
|
| ||||||||||||||||||
($ in thousands)
|
| |
Federal
|
| |
State
|
| |
Federal
|
| |
State
|
| ||||||||||||
无结转,期初
|
| | | $ | 14,143 | | | | | $ | 1,507 | | | | | $ | 26,281 | | | | | $ | 2,698 | | |
已生成NOL
|
| | | | 6,100 | | | | | | 474 | | | | | | | | | | | | | | |
已吸收NOL
|
| | | | — | | | | | | — | | | | | | (12,138) | | | | | | (1,191) | | |
NOL,期末
|
| | | $ | 20,243 | | | | | $ | 1,981 | | | | | $ | 14,143 | | | | | $ | 1,507 | | |
|
股息率
|
| | | | 无 | | |
|
预期波动性
|
| | | | 41.34% | | |
|
无风险利率
|
| | | | .68% | | |
|
期权的预期寿命(以年为单位)
|
| | | | 5.25 | | |
|
加权平均公允价值
|
| | | $ | 401.74 | | |
| | |
Period ended December 31,
|
| |||||||||
($ in thousands)
|
| |
2021
|
| |
2020
|
| ||||||
Total DoD
|
| | | $ | 731,790 | | | | | $ | 703,428 | | |
其他美国政府
|
| | | | 56,308 | | | | | | 51,217 | | |
美国政府总数
|
| | | | 788,098 | | | | | | 754,645 | | |
外国政府
|
| | | | 6,046 | | | | | | 2,523 | | |
Commercial
|
| | | | 19,015 | | | | | | 62,772 | | |
Total
|
| | | $ | 813,159 | | | | | $ | 819,940 | | |
| | |
Period ended December 31,
|
| |||||||||
($ in thousands)
|
| |
2021
|
| |
2020
|
| ||||||
Fixed-price
|
| | | $ | 693,501 | | | | | $ | 760,513 | | |
Cost-plus
|
| | | | 98,466 | | | | | | 51,217 | | |
时间和材料
|
| | | | 21,192 | | | | | | 8,210 | | |
Total
|
| | | $ | 813,159 | | | | | $ | 819,940 | | |
| | |
December 31,
|
| |
December 31,
|
| | | | | | | ||||||
| | |
2021
|
| |
2020
|
| |
Level 3
|
| |||||||||
Goodwill
|
| | | $ | 891,729 | | | | | $ | 240,504 | | | | | $ | 891,729 | | |
| | |
Page
|
| |||
独立审计师报告
|
| | | | F-36 | | |
财务报表 | | | | | | | |
合并资产负债表
|
| | | | F-37 | | |
合并业务报表
|
| | | | F-38 | | |
合并股东权益变动表
|
| | | | F-39 | | |
现金流量表合并报表
|
| | | | F-40 | | |
合并财务报表附注
|
| | | | F-41 | | |
| | |
As of
December 31, 2020 |
| |
As of
December 31, 2019 |
| ||||||
ASSETS | | | | | | | | | | | | | |
Cash
|
| | | $ | 115,528 | | | | | $ | 83,730 | | |
Accounts receivable, net
|
| | | | 18,286 | | | | | | 41,662 | | |
未开单合同应收账款净额
|
| | | | 75,189 | | | | | | 104,591 | | |
Inventories, net
|
| | | | 42,370 | | | | | | 40,015 | | |
预付和其他流动资产
|
| | | | 5,185 | | | | | | 8,844 | | |
可供出售的资产
|
| | | | 968 | | | | | | — | | |
Total current assets
|
| | | | 257,526 | | | | | | 278,842 | | |
财产和设备,净额
|
| | | | 25,529 | | | | | | 55,411 | | |
Intangible assets, net
|
| | | | 83,014 | | | | | | 96,027 | | |
Goodwill
|
| | | | 240,504 | | | | | | 252,575 | | |
Deferred tax assets, net
|
| | | | 12,550 | | | | | | — | | |
Other long-term assets
|
| | | | 1,199 | | | | | | 1,426 | | |
Total assets
|
| | | $ | 620,322 | | | | | $ | 684,281 | | |
负债和股东权益 | | | | | | | | | | | | | |
Accounts payable
|
| | | $ | 70,047 | | | | | $ | 77,735 | | |
应计工资和福利
|
| | | | 19,734 | | | | | | 21,217 | | |
超过预付款和账单的金额
|
| | | | 14,104 | | | | | | 32,454 | | |
Other accrued expenses
|
| | | | 8,238 | | | | | | 10,020 | | |
长期债务的当前部分
|
| | | | 3,300 | | | | | | 3,300 | | |
损失合同准备金当期部分
|
| | | | 17,923 | | | | | | 17,766 | | |
Dividends payable
|
| | | | 100,000 | | | | | | — | | |
其他流动负债
|
| | | | 1,599 | | | | | | 6,395 | | |
流动负债总额
|
| | | | 234,945 | | | | | | 168,887 | | |
Long-term debt
|
| | | | 311,620 | | | | | | 313,741 | | |
损失合同准备金的长期部分
|
| | | | 16,345 | | | | | | 30,149 | | |
其他长期负债
|
| | | | 5,467 | | | | | | 2,433 | | |
Total liabilities
|
| | | | 568,377 | | | | | | 515,210 | | |
Stockholders’ Equity | | | | | | | | | | | | | |
股东权益(普通股,面值0.01美元,251,332和
|
| | | | 2 | | | | | | 2 | | |
分别授权发行251,457股;已发行226,220股和226,345股;
已发行股票分别为125股回购和停用) 额外实收资本 |
| | | | 226,218 | | | | | | 226,343 | | |
Retained earnings
|
| | | | (174,275) | | | | | | (57,274) | | |
股东权益总额
|
| | | | 51,945 | | | | | | 169,071 | | |
总负债和股东权益
|
| | | | 620,322 | | | | | | 684,281 | | |
| | |
Year Ended
December 31, 2020 |
| |
Year Ended
December 31, 2019 |
| ||||||
Revenues: | | | | | | | | | | | | | |
Sales
|
| | | $ | 819,940 | | | | | $ | 933,622 | | |
Cost of sales
|
| | | | 726,776 | | | | | | 858,323 | | |
Gross profit
|
| | | | 93,164 | | | | | | 75,299 | | |
运营成本和费用: | | | | | | | | | | | | | |
销售、一般和行政费用
|
| | | | 49,530 | | | | | | 103,911 | | |
Operating income (loss)
|
| | | | 43,634 | | | | | | (28,612) | | |
Other expenses: | | | | | | | | | | | | | |
剥离净资产亏损(附注4和9)
|
| | | | (22,509) | | | | | | (2,623) | | |
Interest expense, net
|
| | | | (18,693) | | | | | | (23,028) | | |
Total other expenses
|
| | | | (41,202) | | | | | | (25,651) | | |
所得税前收入(亏损)
|
| | | | 2,432 | | | | | | (54,263) | | |
所得税优惠(费用)
|
| | | | 13,528 | | | | | | 609 | | |
Net income (loss)
|
| | |
$
|
15,960
|
| | | | $ | (53,654) | | |
| | |
Common Stock
|
| |
Additional
Paid in Capital |
| |
Retained
Earnings |
| |
Total
Shareholders’ Equity |
| ||||||||||||||||||
|
Shares
|
| |
Value
|
| ||||||||||||||||||||||||||
Beginning balance, December 31, 2018
|
| | | | 226,000 | | | | | $ | 2 | | | | | $ | 225,998 | | | | | $ | (3,620) | | | | | $ | 222,380 | | |
股东的贡献
|
| | | | 345 | | | | | | — | | | | | | 345 | | | | | | — | | | | | | 345 | | |
Net loss
|
| | | | — | | | | | | — | | | | | | — | | | | | | (53,654) | | | | | | (53,654) | | |
Ending balance, December 31, 2019
|
| | | | 226,345 | | | | | $ | 2 | | | | | $ | 226,343 | | | | | $ | (57,274) | | | | | $ | 169,071 | | |
回购并停用的股票
|
| | | | (125) | | | | | | — | | | | | | (125) | | | | | | — | | | | | | (125) | | |
Dividend declared
|
| | | | — | | | | | | — | | | | | | — | | | | | | (100,000) | | | | | | (100,000) | | |
Crestview spin-off
|
| | | | — | | | | | | — | | | | | | — | | | | | | (32,961) | | | | | | (32,961) | | |
Net income
|
| | | | — | | | | | | — | | | | | | — | | | | | | 15,960 | | | | | | 15,960 | | |
Ending balance, December 31, 2020
|
| | | | 226,220 | | | | | $ | 2 | | | | | $ | 226,218 | | | | | $ | (174,275) | | | | | $ | 51,945 | | |
| | |
Year Ended
December 31, 2020 |
| |
Year Ended
December 31, 2019 |
| ||||||
经营活动现金流: | | | | | | | | | | | | | |
Net income (loss)
|
| | | $ | 15,960 | | | | | $ | (53,654) | | |
将净收益(亏损)与经营活动提供的净现金流量进行调整:
|
| | | | | | | | | | | | |
财产和设备折旧
|
| | | | 10,487 | | | | | | 5,427 | | |
无形资产摊销
|
| | | | 13,013 | | | | | | 31,826 | | |
商誉减值费用
|
| | | | — | | | | | | 60,782 | | |
Bad debt expense (recovery)
|
| | | | (4,465) | | | | | | 12,495 | | |
库存陈旧储备
|
| | | | (16,126) | | | | | | (1,250) | | |
软件许可费摊销
|
| | | | 3,843 | | | | | | — | | |
递延融资成本摊销
|
| | | | 1,179 | | | | | | 1,181 | | |
剥离净资产亏损(附注9)
|
| | | | 22,509 | | | | | | 2,623 | | |
Deferred tax assets, net
|
| | | | (12,550) | | | | | | — | | |
损失合同准备金
|
| | | | (13,647) | | | | | | (36,299) | | |
经营性资产和负债变动: | | | | | | | | | | | | | |
Accounts receivable
|
| | | | 23,029 | | | | | | (574) | | |
未开单合同应收账款净额
|
| | | | 5,420 | | | | | | 40,904 | | |
Inventories
|
| | | | 12,748 | | | | | | 4,231 | | |
预付和其他流动资产
|
| | | | (234) | | | | | | (3,221) | | |
可供出售的资产
|
| | | | (968) | | | | | | — | | |
Other assets
|
| | | | 227 | | | | | | — | | |
Accounts payable
|
| | | | (3,084) | | | | | | 3,351 | | |
应计工资和福利
|
| | | | 236 | | | | | | (10,121) | | |
超过预付款和账单的金额
|
| | | | (17,190) | | | | | | 12,678 | | |
应计过渡服务成本
|
| | | | — | | | | | | (18,882) | | |
Other accrued expenses
|
| | | | (1,232) | | | | | | (3,140) | | |
Contract rate reserve
|
| | | | — | | | | | | (722) | | |
Other liabilities
|
| | | | (1,382) | | | | | | (653) | | |
经营活动提供的现金净额
|
| | | | 37,773 | | | | | | 46,982 | | |
投资活动现金流: | | | | | | | | | | | | | |
购置物业和设备
|
| | | | (2,550) | | | | | | (16,885) | | |
处置财产和设备的收益
|
| | | | — | | | | | | 848 | | |
Receivable from seller
|
| | | | — | | | | | | 19,847 | | |
投资活动提供的现金净额(用于)
|
| | | | (2,550) | | | | | | 3,810 | | |
融资活动的现金流: | | | | | | | | | | | | | |
长期债务本金支付
|
| | | | (3,300) | | | | | | (5,961) | | |
股东购买的股票(回购自)
|
| | | | (125) | | | | | | 345 | | |
用于融资活动的现金净额
|
| | | | (3,425) | | | | | | (5,616) | | |
Net increase in cash
|
| | | | 31,798 | | | | | | 45,176 | | |
Cash, beginning of period
|
| | | | 83,730 | | | | | | 38,554 | | |
Cash, end of period
|
| | | $ | 115,528 | | | | | $ | 83,730 | | |
现金流量信息补充披露 | | | | | | | | | | | | | |
在此期间支付的现金: | | | | | | | | | | | | | |
Interest
|
| | | $ | 17,382 | | | | | $ | 23,224 | | |
Income taxes
|
| | | | 746 | | | | | | 1,725 | | |
与业务采购相关的非现金活动补充明细表: | | | | | | | | | | | | | |
损失合同准备金商誉计量期调整
|
| | | $ | — | | | | | $ | 80,276 | | |
非现金投融资活动补充日程表: | | | | | | | | | | | | | |
已宣布和未支付的股息
|
| | | $ | 100,000 | | | | | | — | | |
Spin-off of net assets
|
| | | | 32,961 | | | | | | — | | |
|
Total assets
|
| | | $ | 63,861 | | |
|
Total liabilities
|
| | | | 8,412 | | |
|
Total equity
|
| | | $ | 55,449 | | |
| | |
Period Ended
December 31, |
| |||||||||
($ in thousands)
|
| |
2020
|
| |
2019
|
| ||||||
未开单的合同应收账款,毛
|
| | | $ | 75,189 | | | | | $ | 106,212 | | |
未清算的进度付款
|
| | | | 0 | | | | | | (1,621) | | |
未开单合同应收账款净额
|
| | | | 75,189 | | | | | | 104,591 | | |
库存合同成本
|
| | | | 692 | | | | | | 1,304 | | |
进行中的合同总数
|
| | | $ | 75,881 | | | | | $ | 105,895 | | |
| | |
Period ended
December 31, |
| |||||||||
($ in thousands)
|
| |
2020
|
| |
2019
|
| ||||||
原材料、零部件和组件
|
| | | $ | 46,951 | | | | | $ | 60,924 | | |
超额和过时准备金
|
| | | | (4,581) | | | | | | (20,909) | | |
Total inventories, net
|
| | | $ | 42,370 | | | | | $ | 40,015 | | |
($ in thousands)
|
| |
Useful Lives
(Years) |
| |
Period ended
December 31, |
| |||||||||
|
2020
|
| |
2019
|
| |||||||||||
Land
|
| |
Indefinite
|
| | | $ | 384 | | | | | $ | 1,252 | | |
建筑和改善
|
| |
4 – 13
|
| | | | 7,956 | | | | | | 22,800 | | |
机器、设备、家具和固定装置
|
| |
2 – 9
|
| | | | 28,996 | | | | | | 42,278 | | |
租赁改进
|
| |
2 – 6
|
| | | | — | | | | | | — | | |
总资产和设备
|
| |
—
|
| | | $ | 37,336 | | | | | $ | 66,330 | | |
累计折旧及摊销
|
| |
—
|
| | | | (11,807) | | | | | | (10,919) | | |
财产和设备,净额
|
| |
—
|
| | | $ | 25,529 | | | | | $ | 55,411 | | |
| | |
Period ended
December 31, |
| |||||||||
($ in thousands)
|
| |
2020
|
| |
2019
|
| ||||||
Available for Sale
|
| | | $ | 968 | | | | | $ | — | | |
| | |
Period ended
December 31, |
| |||||||||
($ in thousands)
|
| |
2020
|
| |
2019
|
| ||||||
Beginning of period
|
| | | $ | 252,575 | | | | | $ | 233,081 | | |
测算期调整(见附注3)
|
| | | | — | | | | | | 80,276 | | |
Impairment (see Note 2)
|
| | | | — | | | | | | (60,782) | | |
分配给分拆的商誉
|
| | | | (12,071) | | | | | | | | |
End of period
|
| | | $ | 240,504 | | | | | $ | 252,575 | | |
| | |
2020
|
| | |
2019
|
| ||||||||||||||||||||||||||||||
($ in thousands)
|
| |
Gross
Carrying Amount |
| |
Accum.
Amort. |
| |
Total
|
| | |
Gross
Carrying Amount |
| |
Accum.
Amort. |
| |
Total
|
| ||||||||||||||||||
Finite Lived: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
客户合同关系
|
| | | $ | 68,500 | | | | | $ | (55,486) | | | | | $ | 13,014 | | | | | | $ | 68,500 | | | | | $ | (42,473) | | | | | $ | 26,027 | | |
Indefinite-Lived | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Trademark
|
| | | | 70,000 | | | | | | — | | | | | | 70,000 | | | | | | | 70,000 | | | | | | — | | | | | | 70,000 | | |
Ending Balance
|
| | | $ | 138,500 | | | | | $ | (55,486) | | | | | $ | 83,014 | | | | | | $ | 138,500 | | | | | $ | (42,473) | | | | | $ | 96,027 | | |
| | |
Period ended
December 31, |
| |||||||||
($ in thousands)
|
| |
2020
|
| |
2019
|
| ||||||
ABL信贷安排下的未偿还借款
|
| | | $ | — | | | | | $ | — | | |
Term Loan agreement due 2025
|
| | | | 321,750 | | | | | | 325,050 | | |
长期债务本金金额
|
| | | | 321,750 | | | | | | 325,050 | | |
Deferred debt costs
|
| | | | (6,830) | | | | | | (8,009) | | |
长期债务账面金额
|
| | | | 314,920 | | | | | | 317,041 | | |
当前到期日减少
|
| | | | (3,300) | | | | | | (3,300) | | |
长期债务总额,减去当期到期日
|
| | | $ | 311,620 | | | | | $ | 313,741 | | |
($ in thousands)
|
| |
Term Loan
|
| |||
2021
|
| | | | 3,300 | | |
2022
|
| | | | 3,300 | | |
2023
|
| | | | 3,300 | | |
2024
|
| | | | 3,300 | | |
2025
|
| | | | 3,300 | | |
Thereafter
|
| | | | 305,250 | | |
Total
|
| | | $ | 321,750 | | |
| | |
Period ended
December 31, |
| |||||||||
($ in thousands)
|
| |
2020
|
| |
2019
|
| ||||||
Domestic
|
| | | $ | (13,457) | | | | | $ | (1,262) | | |
Foreign
|
| | | | (71) | | | | | | 653 | | |
所得税拨备总额
|
| | | $ | (13,528) | | | | | $ | (609) | | |
| | |
Period ended
December 31, |
| |||||||||
($ in thousands)
|
| |
2020
|
| |
2019
|
| ||||||
当前所得税拨备: | | | | | | | | | | | | | |
Federal
|
| | | $ | (216) | | | | | $ | 216 | | |
State and local
|
| | | | 384 | | | | | | (175) | | |
Foreign
|
| | | | (71) | | | | | | 653 | | |
Sub-total
|
| | | | 97 | | | | | | 694 | | |
递延所得税拨备: | | | | | | | | | | | | | |
Federal
|
| | | | (11,723) | | | | | | (1,061) | | |
State and local
|
| | | | (1,902) | | | | | | (242) | | |
Foreign
|
| | | | — | | | | | | — | | |
Sub-total
|
| | | | (13,625) | | | | | | (1,303) | | |
所得税拨备总额
|
| | | $ | (13,528) | | | | | $ | (609) | | |
| | |
Period ended
December 31, |
| |||||||||
($ in thousands)
|
| |
2020
|
| |
2019
|
| ||||||
Deferred tax assets: | | | | | | | | | | | | | |
Inventory reserve
|
| | | $ | 503 | | | | | $ | 1,579 | | |
薪酬和福利
|
| | | | 3,439 | | | | | | 1,416 | | |
利息费用结转
|
| | | | 0 | | | | | | 2,033 | | |
Loss carryforwards
|
| | | | 3,168 | | | | | | 3,826 | | |
商誉以外的无形资产
|
| | | | 8,911 | | | | | | 8,245 | | |
其他应计费用和准备金
|
| | | | 10,608 | | | | | | 14,269 | | |
Deferred tax assets
|
| | | | 26,629 | | | | | | 31,368 | | |
减去估值免税额
|
| | | | 0 | | | | | | (18,425) | | |
递延税项资产,扣除估值免税额后的净额
|
| | | | 26,629 | | | | | | 12,943 | | |
递延纳税义务: | | | | | | | | | | | | | |
Goodwill
|
| | | | (9,113) | | | | | | (5,536) | | |
Property and equipment
|
| | | | (4,966) | | | | | | (8,482) | | |
递延纳税义务
|
| | | | (14,079) | | | | | | (14,018) | | |
递延税项净资产/(负债)合计
|
| | | $ | 12,550 | | | | | $ | (1,075) | | |
| | |
Period ended
December 31, |
| |||||||||||||||||||||
| | |
2020
|
| |
2019
|
| ||||||||||||||||||
($ in thousands)
|
| |
Federal
|
| |
State
|
| |
Federal
|
| |
State
|
| ||||||||||||
无结转,期间开始
|
| | | $ | 26,281 | | | | | $ | 2,698 | | | | | $ | 22,214 | | | | | $ | 2,305 | | |
NOLs generated
|
| | | | — | | | | | | — | | | | | | 4,067 | | | | | | 393 | | |
NOLs absorbed
|
| | | | (11,567) | | | | | | (1,109) | | | | | | — | | | | | | — | | |
NOLs, end of period
|
| | | $ | 14,714 | | | | | $ | 1,589 | | | | | $ | 26,281 | | | | | $ | 2,698 | | |
|
Dividend yield
|
| | | | 无 | | |
|
Expected volatility
|
| | | | 41.34% | | |
|
Risk free interest rate
|
| | | | .93% | | |
|
期权的预期寿命(年)
|
| | | | 5.25 | | |
|
加权平均公允价值
|
| | | $ | 401.91 | | |
| | |
Period ended
December 31, |
| |||||||||
($ in thousands)
|
| |
2020
|
| |
2019
|
| ||||||
Total DoD
|
| | | $ | 703,428 | | | | | $ | 771,001 | | |
Other U.S. Government
|
| | | | 51,217 | | | | | | 57,267 | | |
Total U.S. Government
|
| | | | 754,645 | | | | | | 828,268 | | |
Foreign governments
|
| | | | 2,523 | | | | | | 20,879 | | |
Commercial
|
| | | | 62,772 | | | | | | 84,475 | | |
Total
|
| | | $ | 819,940 | | | | | $ | 933,622 | | |
| | |
Period ended
December 31, |
| |||||||||
($ in thousands)
|
| |
2020
|
| |
2019
|
| ||||||
Fixed-price
|
| | | $ | 760,513 | | | | | $ | 779,633 | | |
Cost-plus
|
| | | | 51,217 | | | | | | 82,438 | | |
Time-and-material
|
| | | | 8,210 | | | | | | 71,551 | | |
Total
|
| | | $ | 819,940 | | | | | $ | 933,622 | | |
| | |
December 31,
2020 |
| |
December 31,
2019 |
| |
Level 3
|
| |||||||||
Goodwill
|
| | | $ | 240,504 | | | | | $ | 252,575 | | | | | $ | 240,504 | | |
| | |
Page No.
|
| |||
合并资产负债表(未经审计)
|
| | | | F-62 | | |
综合经营报表(未经审计)
|
| | | | F-63 | | |
综合全面收益表(未经审计)
|
| | | | F-64 | | |
合并现金流量表(未经审计)
|
| | | | F-65 | | |
母公司投资净额变动表(未经审计)
|
| | | | F-66 | | |
合并财务报表附注(未经审计)
|
| | | | F-67 | | |
| | |
As of December 31
|
| |||||||||
| | |
2020
|
| |
2019
|
| ||||||
| | |
(In Thousands)
|
| |||||||||
Assets | | | | | | | | | | | | | |
Current assets | | | | | | | | | | | | | |
现金和现金等价物
|
| | | $ | 35,037 | | | | | $ | 39,595 | | |
应收账款,分别减去0美元和253美元的信贷损失准备
|
| | | | 49,769 | | | | | | 54,518 | | |
Contract assets
|
| | | | 154,084 | | | | | | 157,332 | | |
Inventory, net
|
| | | | 1,056 | | | | | | 731 | | |
预付费用和其他流动资产
|
| | | | 4,598 | | | | | | 6,986 | | |
Total current assets
|
| | | | 244,544 | | | | | | 259,162 | | |
Fixed assets, net
|
| | | | 8,145 | | | | | | 7,501 | | |
经营性租赁使用权资产
|
| | | | 3,897 | | | | | | 3,791 | | |
Other assets
|
| | | | 5,693 | | | | | | 6,804 | | |
Total assets
|
| | | $ | 262,279 | | | | | $ | 277,258 | | |
负债和母公司净投资 | | | | | | | | | | | | | |
流动负债 | | | | | | | | | | | | | |
Accounts payable
|
| | | $ | 68,895 | | | | | $ | 69,548 | | |
应计员工薪酬
|
| | | | 13,039 | | | | | | 16,032 | | |
其他应计负债
|
| | | | 10,652 | | | | | | 10,670 | | |
Contract liabilities
|
| | | | 95,519 | | | | | | 134,643 | | |
流动负债总额
|
| | | | 188,105 | | | | | | 230,893 | | |
非流动经营租赁负债
|
| | | | 3,613 | | | | | | 3,618 | | |
其他长期负债
|
| | | | 10,776 | | | | | | 4,966 | | |
Total liabilities
|
| | | | 202,494 | | | | | | 239,477 | | |
承付款和或有事项(注11) | | | | | | | | | | | | | |
母公司净投资: | | | | | | | | | | | | | |
Net parent investment
|
| | | | 53,747 | | | | | | 29,411 | | |
累计其他综合收益
|
| | | | 6,038 | | | | | | 8,370 | | |
母公司净投资总额
|
| | | | 59,785 | | | | | | 37,781 | | |
总负债和母公司净投资
|
| | | $ | 262,279 | | | | | $ | 277,258 | | |
| | |
Year Ended December 31,
|
| |||||||||
| | |
2020
|
| |
2019
|
| ||||||
| | |
(In Thousands)
|
| |||||||||
Revenues
|
| | | $ | 1,019,064 | | | | | $ | 1,428,370 | | |
Cost of revenues | | | | | | | | | | | | | |
Cost of services
|
| | | | 804,713 | | | | | | 1,133,101 | | |
Total cost of revenues
|
| | | | 804,713 | | | | | | 1,133,101 | | |
Gross profit
|
| | | | 214,351 | | | | | | 295,269 | | |
Operating expenses | | | | | | | | | | | | | |
销售、一般和行政管理
|
| | | | 54,805 | | | | | | 69,989 | | |
总运营费用
|
| | | | 54,805 | | | | | | 69,989 | | |
Operating profit
|
| | | | 159,546 | | | | | | 225,280 | | |
Other expenses, net
|
| | | | 5,084 | | | | | | 4,602 | | |
所得税前收入支出
|
| | | | 154,462 | | | | | | 220,678 | | |
Income tax expense
|
| | | | 33,501 | | | | | | 46,491 | | |
Net income
|
| | | $ | 120,961 | | | | | $ | 174,187 | | |
| | |
Year Ended December 31
|
| |||||||||
| | |
2020
|
| |
2019
|
| ||||||
Net income
|
| | | $ | 120,961 | | | | | $ | 174,187 | | |
其他综合损失: | | | | | | | | | | | | | |
外币折算调整
|
| | | | (2,332) | | | | | | (12) | | |
其他综合损失合计
|
| | | | (2,332) | | | | | | (12) | | |
Comprehensive income
|
| | | $ | 118,629 | | | | | | 174,175 | | |
| | |
Year Ended December 31,
|
| |||||||||
| | |
2020
|
| |
2019
|
| ||||||
| | |
(In Thousands)
|
| |||||||||
经营活动现金流: | | | | | | | | | | | | | |
Net income
|
| | | $ | 120,961 | | | | | $ | 174,187 | | |
将净收益与经营活动提供的现金净额进行调整:
|
| | | | | | | | | | | | |
Depreciation
|
| | | | 1,440 | | | | | | 2,078 | | |
信贷损失准备金
|
| | | | — | | | | | | 253 | | |
股票薪酬
|
| | | | 1,448 | | | | | | 1,534 | | |
Deferred income taxes
|
| | | | 2,505 | | | | | | (1,318) | | |
经营性资产和负债变动:
|
| | | | | | | | | | | | |
Accounts receivable
|
| | | | 4,118 | | | | | | 46,237 | | |
Contract assets
|
| | | | 1,296 | | | | | | 65,430 | | |
Inventory, net
|
| | | | (383) | | | | | | 3,817 | | |
预付费用和其他资产
|
| | | | 380 | | | | | | (159) | | |
Accounts payable
|
| | | | (1,526) | | | | | | (42,397) | | |
应计员工薪酬
|
| | | | (3,158) | | | | | | 1,894 | | |
应计负债和其他负债
|
| | | | 5,798 | | | | | | (4,316) | | |
Contract liabilities
|
| | | | (40,334) | | | | | | 13,483 | | |
经营活动提供的现金净额
|
| | | | 92,545 | | | | | | 260,723 | | |
投资活动现金流: | | | | | | | | | | | | | |
固定资产购置
|
| | | | (3,449) | | | | | | (887) | | |
固定资产销售收益
|
| | | | 1,262 | | | | | | — | | |
投资活动中使用的净现金
|
| | | | (2,187) | | | | | | (887) | | |
融资活动的现金流: | | | | | | | | | | | | | |
Net transfers to Parent
|
| | | | (98,073) | | | | | | (250,246) | | |
用于融资活动的现金净额
|
| | | | (98,073) | | | | | | (250,246) | | |
汇率变动对现金及现金等价物的影响
|
| | | | 3,157 | | | | | | 11 | | |
现金及现金等价物净增(减)
|
| | | | (4,558) | | | | | | 9,601 | | |
期初现金和现金等价物
|
| | | | 39,595 | | | | | | 29,994 | | |
现金和现金等价物,期末
|
| | | $ | 35,037 | | | | | $ | 39,595 | | |
| | |
Net Parent
Investment |
| |
Accumulated
Other Comprehensive Income (Loss) |
| |
Total Net
Parent Investment |
| |||||||||
| | |
(In Thousands)
|
| |||||||||||||||
Balance January 1, 2019
|
| | | $ | 103,936 | | | | | $ | 8,382 | | | | | $ | 112,318 | | |
Net income
|
| | | | 174,187 | | | | | | — | | | | | | 174,187 | | |
其他综合收益损失
|
| | | | — | | | | | | (12) | | | | | | (12) | | |
Net transfers to Parent
|
| | | | (248,712) | | | | | | — | | | | | | (248,712) | | |
Balance December 31, 2019
|
| | | | 29,411 | | | | | | 8,370 | | | | | | 37,781 | | |
Net income
|
| | | | 120,961 | | | | | | — | | | | | | 120,961 | | |
其他全面亏损
|
| | | | — | | | | | | (2,332) | | | | | | (2,332) | | |
Net transfers to Parent
|
| | | | (96,625) | | | | | | — | | | | | | (96,625) | | |
Balance December 31, 2020
|
| | | $ | 53,747 | | | | | $ | 6,038 | | | | | $ | 59,785 | | |
| | |
As of December 31,
|
| |||||||||
| | |
2018
|
| |
2019
|
| ||||||
来自政府合同的应收账款净额
|
| | | $ | 30,466 | | | | | $ | 28,946 | | |
非政府合同应收账款净额
|
| | | | 19,303 | | | | | | 25,572 | | |
应收账款总额,净额
|
| | | $ | 49,769 | | | | | $ | 54,518 | | |
| | |
Estimated Useful
Lives |
| |||
建筑和改善
|
| |
10 – 45 years
|
| |||
机器、工具和设备
|
| | | | 3 – 10 years | | |
Internal use software
|
| | | | 3 – 6 years | | |
其他,包括在建资产
|
| | | | 4 – 8 years | | |
| | |
Year Ended December 31,
|
| |||||||||
| | |
2020
|
| |
2019
|
| ||||||
分配的股票薪酬费用
|
| | | $ | 1,448 | | | | | $ | 1,534 | | |
股票薪酬总支出
|
| | | $ | 1,448 | | | | | $ | 1,534 | | |
| | |
December 31,
|
| |||||||||
| | |
2020
|
| |
2019
|
| ||||||
建筑和改善
|
| | | $ | 4,054 | | | | | $ | 4,145 | | |
机器、工具和设备
|
| | | | 53,217 | | | | | | 51,992 | | |
Internal use software
|
| | | | 8,946 | | | | | | 8,832 | | |
其他,包括在建资产
|
| | | | 3,190 | | | | | | 2,045 | | |
| | | | | 69,407 | | | | | | 67,014 | | |
减去:累计折旧
|
| | | | (61,262) | | | | | | (59,513) | | |
Fixed assets, net
|
| | | $ | 8,145 | | | | | $ | 7,501 | | |
| | |
2020
|
| |
2019
|
| ||||||
用于计量经营租赁负债的营运现金流
|
| | | $ | 477 | | | | | $ | 466 | | |
以经营性租赁义务换取的经营性租赁使用权资产
|
| | | | 1,139 | | | | | | — | | |
|
2021
|
| | | $ | 427 | | |
|
2022
|
| | | | 232 | | |
|
2023
|
| | | | 22 | | |
|
2024
|
| | | | 9 | | |
|
2025
|
| | | | 9 | | |
|
Thereafter
|
| | | | — | | |
|
未贴现的租赁付款总额(1)
|
| | | | 699 | | |
|
Less: imputed interest
|
| | | | (30) | | |
|
折扣租赁付款总额
|
| | | $ | 669 | | |
| | |
2020
|
| |
2019
|
| ||||||
经营租赁流动负债(包括在其他应计负债中)
|
| | | $ | 337 | | | | | $ | 241 | | |
经营性租赁负债非流动
|
| | | | 3,613 | | | | | | 3,618 | | |
经营租赁总负债
|
| | | $ | 3,950 | | | | | $ | 3,859 | | |
| | |
December 31,
|
| |||||||||
| | |
2020
|
| |
2019
|
| ||||||
Accounts receivable
|
| | | $ | 49,769 | | | | | $ | 54,771 | | |
减去:预期信贷损失准备金
|
| | | | — | | | | | | (253) | | |
Accounts receivable, net
|
| | | $ | 49,769 | | | | | $ | 54,518 | | |
| | |
Balance at
Beginning of Period |
| |
Provision for
Expected Credit Losses |
| |
Write-offs
Charged Against Allowance for Expected Credit Losses |
| |
Balance at
End of Period |
| ||||||||||||
2020年预期信贷损失拨备
|
| | | $ | 253 | | | | | $ | — | | | | | $ | (253) | | | | | $ | — | | |
2019年预期信贷损失拨备
|
| | | | — | | | | | | 253 | | | | | | — | | | | | | 253 | | |
| | |
As of December 31,
|
| |||||||||
| | |
2020
|
| |
2021
|
| ||||||
Inventory | | | | | | | | | | | | | |
Raw materials
|
| | | $ | — | | | | | $ | 1 | | |
Work-in-process
|
| | | | 1,056 | | | | | | 730 | | |
Finished goods
|
| | | | — | | | | | | — | | |
Inventory, net
|
| | | $ | 1,056 | | | | | $ | 731 | | |
| | |
Balance at
Beginning (Released) to of Period |
| |
Charged
Other Provisions |
| |
Charged to
End of Accounts |
| |
Balance at
Period |
| ||||||||||||
2020年递延税项资产计价准备
|
| | | $ | — | | | | | $ | 8 | | | | | $ | — | | | | | $ | 8 | | |
2019年递延税项资产计价准备
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | |
2020
|
| |
2019
|
| ||||||
United States
|
| | | $ | 149,380 | | | | | $ | 212,087 | | |
Foreign
|
| | | | 5,082 | | | | | | 8,591 | | |
| | | | $ | 154,462 | | | | | $ | 220,678 | | |
| | |
2020
|
| |
2019
|
| ||||||
Current | | | | | | | | | | | | | |
Federal
|
| | | $ | 25,730 | | | | | $ | 39,067 | | |
State
|
| | | | 3,855 | | | | | | 6,315 | | |
Foreign
|
| | | | 1,411 | | | | | | 2,427 | | |
| | | | | 30,996 | | | | | | 47,809 | | |
Future: | | | | | | | | | | | | | |
Federal
|
| | | | 2,505 | | | | | | (1,318) | | |
State
|
| | | | — | | | | | | — | | |
Foreign
|
| | | | — | | | | | | — | | |
| | | | | 2,505 | | | | | | (1,318) | | |
Income tax expense
|
| | | $ | 33,501 | | | | | $ | 46,491 | | |
| | |
2020
|
| |
2019
|
| ||||||||||||||||||
| | |
Amount
|
| |
Rate
|
| |
Amount
|
| |
Rate
|
| ||||||||||||
美国法定联邦所得税税率
|
| | | $ | 32,437 | | | | | | 21.0% | | | | | $ | 46,342 | | | | | | 21.0% | | |
State income tax, net
|
| | | | 3,045 | | | | | | 2.0 | | | | | | 4,989 | | | | | | 2.3 | | |
国外衍生无形收入
|
| | | | (2,025) | | | | | | (1.3) | | | | | | (5,277) | | | | | | (2.4) | | |
Other
|
| | | | 44 | | | | | | — | | | | | | 437 | | | | | | 0.2 | | |
Income tax expense
|
| | | $ | 33,501 | | | | | | 21.7% | | | | | $ | 46,491 | | | | | | 21.1% | | |
| | |
2020
|
| |
2019
|
| ||||||
未来所得税优惠 | | | | | | | | | | | | | |
Accrued compensation
|
| | | $ | 1,701 | | | | | $ | — | | |
Advanced payments
|
| | | | 1,820 | | | | | | 405 | | |
Lease liabilities
|
| | | | 944 | | | | | | 923 | | |
库存和合同余额
|
| | | | 549 | | | | | | 4,814 | | |
准备金和其他应计项目
|
| | | | 181 | | | | | | 396 | | |
| | |
2020
|
| |
2019
|
| ||||||
Tax loss carryforwards
|
| | | | 8 | | | | | | — | | |
未计估值扣除前的递延税项资产总额
|
| | | | 5,203 | | | | | | 6,538 | | |
减去:估值免税额
|
| | | | (8) | | | | | | — | | |
递延税金资产总额
|
| | | $ | 5,195 | | | | | $ | 6,538 | | |
未来应付所得税: | | | | | | | | | | | | | |
Fixed assets
|
| | | | (987) | | | | | | (906) | | |
Right-of-use assets
|
| | | | (932) | | | | | | (907) | | |
Prepaid expenses
|
| | | | (186) | | | | | | (435) | | |
Other
|
| | | | (647) | | | | | | (595) | | |
递延纳税负债总额
|
| | | | (2,752) | | | | | | (2,843) | | |
Net deferred tax asset
|
| | | $ | 2,443 | | | | | $ | 3,695 | | |
|
| | |
2020
|
| |
2019
|
| ||||||
Balance at January 1
|
| | | $ | 469 | | | | | $ | 342 | | |
与本年度相关的税务岗位增加
|
| | | | 78 | | | | | | 127 | | |
Balance at December 31
|
| | | $ | 547 | | | | | $ | 469 | | |
| | |
2020
|
| |
2019
|
| ||||||
已分配的CAS养老金费用
|
| | | $ | 30,808 | | | | | $ | 31,547 | | |
Fas/CAS养老金调整
|
| | | | (11,700) | | | | | | (10,413) | | |
FAS pension expense
|
| | | $ | 19,108 | | | | | $ | 21,134 | | |
| | |
2020
|
| |
2019
|
| ||||||
Contract assets
|
| | | $ | 154,084 | | | | | $ | 157,332 | | |
Contract liabilities
|
| | | | (95,519) | | | | | | (134,643) | | |
Net contract assets
|
| | | $ | 58,565 | | | | | $ | 22,689 | | |
| | |
2020
|
| |
2019
|
| ||||||
Unbilled
|
| | | $ | 154,084 | | | | | $ | 157,332 | | |
Progress payments
|
| | | | — | | | | | | — | | |
Total contract assets
|
| | | $ | 154,084 | | | | | $ | 157,332 | | |
|
Section 1.01
The First Merger
|
| | | | A-2 | | |
|
Section 1.02
The Second Merger
|
| | | | A-3 | | |
|
Section 1.03
Contributions
|
| | | | A-3 | | |
|
Section 1.04
Closing
|
| | | | A-3 | | |
|
Section 1.05
首次合并存续公司和存续公司的组织文件
|
| | | | A-3 | | |
|
Section 1.06
第一次合并尚存公司和尚存公司的董事和高级管理人员
|
| | | | A-4 | | |
|
Section 1.07
母公司治理事项
|
| | | | A-4 | | |
|
ARTICLE II
|
| ||||||
|
对股本的影响;交换
|
| ||||||
|
Section 2.01
Effect on Capital Stock.
|
| | | | A-5 | | |
|
Section 2.02
Certain Adjustments
|
| | | | A-6 | | |
|
Section 2.03
Exchange of Shares
|
| | | | A-6 | | |
|
Section 2.04
No Fractional Shares
|
| | | | A-7 | | |
|
Section 2.05
公司期权的处理方式
|
| | | | A-7 | | |
|
Section 2.06
Withholding Rights
|
| | | | A-8 | | |
|
Section 2.07
No Liability
|
| | | | A-8 | | |
|
ARTICLE III
|
| ||||||
|
公司的陈述和保修
|
| ||||||
|
Section 3.01
企业的存在与力量
|
| | | | A-8 | | |
|
Section 3.02
企业授权
|
| | | | A-9 | | |
|
Section 3.03
政府授权
|
| | | | A-9 | | |
|
Section 3.04
Non-contravention
|
| | | | A-9 | | |
|
Section 3.05
Capitalization
|
| | | | A-10 | | |
|
Section 3.06
Subsidiaries.
|
| | | | A-10 | | |
|
Section 3.07
财务报表和财务事项。
|
| | | | A-11 | | |
|
Section 3.08
Disclosure Documents
|
| | | | A-12 | | |
|
Section 3.09
未发生某些更改
|
| | | | A-12 | | |
|
Section 3.10
没有未披露的重大负债
|
| | | | A-12 | | |
|
Section 3.11
Litigation
|
| | | | A-12 | | |
|
Section 3.12
Permits
|
| | | | A-12 | | |
|
Section 3.13
遵守适用法律
|
| | | | A-13 | | |
|
Section 3.14
公司材料合同
|
| | | | A-13 | | |
|
Section 3.15
Taxes
|
| | | | A-15 | | |
|
Section 3.16
公司服务提供商和公司员工计划
|
| | | | A-16 | | |
|
Section 3.17
Labor Matters
|
| | | | A-18 | | |
|
Section 3.18
知识产权和信息技术
|
| | | | A-19 | | |
|
Section 3.19
环境责任
|
| | | | A-20 | | |
|
Section 3.20
Insurance
|
| | | | A-21 | | |
|
Section 3.21
公司政府合同
|
| | | | A-21 | | |
|
Section 3.22
Properties
|
| | | | A-23 | | |
|
Section 3.23
与子公司的交易
|
| | | | A-24 | | |
|
Section 3.24
反收购法规
|
| | | | A-24 | | |
|
Section 3.25
Finders’ Fees
|
| | | | A-24 | | |
|
Section 3.26
母公司普通股无所有权
|
| | | | A-24 | | |
|
Section 3.27
Debt Financing
|
| | | | A-24 | | |
|
Section 3.28
没有其他陈述或保证
|
| | | | A-25 | | |
|
ARTICLE IV
|
| ||||||
|
家长的陈述和担保
|
| ||||||
|
Section 4.01
企业的存在与力量
|
| | | | A-26 | | |
|
Section 4.02
企业授权
|
| | | | A-27 | | |
|
Section 4.03
政府授权
|
| | | | A-27 | | |
|
Section 4.04
Non-contravention
|
| | | | A-28 | | |
|
Section 4.05
Capitalization
|
| | | | A-28 | | |
|
Section 4.06
Subsidiaries
|
| | | | A-29 | | |
|
Section 4.07
监管报告、美国证券交易委员会备案文件和萨班斯-奥克斯利法案
|
| | | | A-30 | | |
|
Section 4.08
财务报表和财务事项
|
| | | | A-31 | | |
|
Section 4.09
Disclosure Documents
|
| | | | A-31 | | |
|
Section 4.10
未发生某些更改
|
| | | | A-31 | | |
|
Section 4.11
没有未披露的重大负债
|
| | | | A-31 | | |
|
Section 4.12
Litigation
|
| | | | A-32 | | |
|
Section 4.13
Permits
|
| | | | A-32 | | |
|
Section 4.14
遵守适用法律
|
| | | | A-32 | | |
|
Section 4.15
上级材料合同
|
| | | | A-33 | | |
|
Section 4.16
Taxes.
|
| | | | A-34 | | |
|
Section 4.17
母公司服务提供商和母公司员工计划
|
| | | | A-36 | | |
|
Section 4.18
Labor Matters
|
| | | | A-37 | | |
|
Section 4.19
知识产权和信息技术
|
| | | | A-38 | | |
|
Section 4.20
环境责任
|
| | | | A-39 | | |
|
Section 4.21
Insurance
|
| | | | A-40 | | |
|
Section 4.22
上级政府合同
|
| | | | A-40 | | |
|
Section 4.23
Properties
|
| | | | A-42 | | |
|
Section 4.24
与子公司的交易
|
| | | | A-43 | | |
|
Section 4.25
反收购法规
|
| | | | A-43 | | |
|
Section 4.26
财务顾问的意见
|
| | | | A-43 | | |
|
Section 4.27
Finders’ Fees
|
| | | | A-43 | | |
|
Section 4.28
没有公司普通股所有权
|
| | | | A-43 | | |
|
Section 4.29
母公司信贷协议
|
| | | | A-43 | | |
|
Section 4.30
没有其他陈述或保证
|
| | | | A-43 | | |
|
ARTICLE V
|
| ||||||
|
COVENANTS OF THE COMPANY
|
| ||||||
|
Section 5.01
Conduct of the Company
|
| | | | A-44 | | |
|
Section 5.02
公司未进行征集
|
| | | | A-47 | | |
|
Section 5.03
赎回公司优先股
|
| | | | A-48 | | |
|
Section 5.04
终止公司关联方合同
|
| | | | A-48 | | |
|
ARTICLE VI
|
| ||||||
|
COVENANTS OF PARENT
|
| ||||||
|
Section 6.01
Conduct of Parent
|
| | | | A-48 | | |
|
Section 6.02
家长请勿征集
|
| | | | A-52 | | |
|
Section 6.03
董事和军官责任
|
| | | | A-55 | | |
|
Section 6.04
要采取的某些附加操作
|
| | | | A-56 | | |
|
ARTICLE VII
|
| ||||||
|
其他协议
|
| ||||||
|
Section 7.01
尽最大努力完成工作
|
| | | | A-56 | | |
|
Section 7.02
信息访问;机密性
|
| | | | A-58 | | |
|
Section 7.03
委托书和母公司股东大会
|
| | | | A-58 | | |
|
Section 7.04
NYSE Listing
|
| | | | A-60 | | |
|
Section 7.05
Name and Ticker
|
| | | | A-61 | | |
|
Section 7.06
Certain Tax Matters
|
| | | | A-61 | | |
|
Section 7.07
Public Announcements
|
| | | | A-61 | | |
|
Section 7.08
某些活动的通知
|
| | | | A-62 | | |
|
Section 7.09
Section 16(a) Matters
|
| | | | A-62 | | |
|
Section 7.10
交易诉讼
|
| | | | A-62 | | |
|
Section 7.11
国家接管法规
|
| | | | A-62 | | |
|
Section 7.12
Debt Financing
|
| | | | A-63 | | |
|
Section 7.13
债务融资合作
|
| | | | A-65 | | |
|
Section 7.14
Payoff Letters
|
| | | | A-67 | | |
|
ARTICLE VIII
|
| ||||||
|
CONDITIONS PRECEDENT
|
| ||||||
|
Section 8.01
双方完成合并的义务的条件
|
| | | | A-67 | | |
|
Section 8.02
公司的义务条件
|
| | | | A-68 | | |
|
Section 8.03
母公司、合并子公司和合并子有限责任公司的义务条件
|
| | | | A-68 | | |
|
ARTICLE IX
|
| ||||||
|
终止和修改
|
| ||||||
|
Section 9.01
Termination
|
| | | | A-69 | | |
|
Section 9.02
Effect of Termination
|
| | | | A-71 | | |
|
Section 9.03
Termination Fee
|
| | | | A-71 | | |
|
ARTICLE X
|
| ||||||
|
GENERAL PROVISIONS
|
| ||||||
|
Section 10.01
声明和保修无效
|
| | | | A-73 | | |
|
Section 10.02
Notice
|
| | | | A-73 | | |
|
Section 10.03
Definitions
|
| | | | A-74 | | |
|
Section 10.04
解释;施工
|
| | | | A-91 | | |
|
Section 10.05
Severability
|
| | | | A-92 | | |
|
Section 10.06
Counterparts
|
| | | | A-92 | | |
|
Section 10.07
Entire Agreement
|
| | | | A-92 | | |
|
Section 10.08
没有第三方受益人
|
| | | | A-92 | | |
|
Section 10.09
公司和母公司的义务
|
| | | | A-92 | | |
|
Section 10.10
适用法律和地点;放弃陪审团审判
|
| | | | A-93 | | |
|
Section 10.11
Assignment
|
| | | | A-93 | | |
|
Section 10.12
Specific Performance
|
| | | | A-94 | | |
|
Section 10.13
Amendment
|
| | | | A-94 | | |
|
Section 10.14
Extension; Waiver
|
| | | | A-94 | | |
|
Section 10.15
Non-Recourse
|
| | | | A-94 | | |
|
Section 10.16
Fees and Expenses
|
| | | | A-95 | | |
|
Section 10.17
公开信参考资料和美国证券交易委员会文件参考资料
|
| | | | A-95 | | |
|
Section 10.18
Debt Financing Sources
|
| | | | A-95 | | |
| Exhibit A | | | Support Agreement | |
| Exhibit B | | | 股东协议 | |
| Exhibit C | | | 注册权协议 | |
| Exhibit D | | | 第一张合并证书 | |
| Exhibit E | | | 第二张合并证 | |
| Exhibit F | | | 尚存公司的成立证书和有限责任公司协议 | |
| Exhibit G | | | FIRPTA文档 | |
| Exhibit H | | | 终止协议 | |
| Exhibit I | | | 修改和重新制定母公司章程 | |
| | |
Page
|
| |||
可接受的保密协议
|
| | | | 70 | | |
Affiliate
|
| | | | 98 | | |
Agreement
|
| | | | 1 | | |
另类融资
|
| | | | 85 | | |
修改和重新制定母公司章程
|
| | | | 5 | | |
Ancillary Agreements
|
| | | | 98 | | |
反贿赂立法
|
| | | | 98 | | |
Antitrust Division
|
| | | | 98 | | |
Antitrust Laws
|
| | | | 98 | | |
Applicable Law(s)
|
| | | | 98 | | |
破产和股权例外情况
|
| | | | 12 | | |
Board Designees
|
| | | | 6 | | |
Business Day
|
| | | | 98 | | |
Closing
|
| | | | 4 | | |
结清现金债务
|
| | | | 34 | | |
Closing Date
|
| | | | 4 | | |
Code
|
| | | | 98 | | |
Collection Expenses
|
| | | | 96 | | |
集体谈判协议
|
| | | | 98 | | |
Company
|
| | | | 1 | | |
公司收购建议
|
| | | | 98 | | |
Company Balance Sheet
|
| | | | 15 | | |
公司资产负债表日期
|
| | | | 99 | | |
Company Board Designee
|
| | | | 6 | | |
公司指定证书
|
| | | | 64 | | |
Company Common Stock
|
| | | | 1 | | |
公司机密数据
|
| | | | 99 | | |
公司信用协议
|
| | | | 99 | | |
公司公开信
|
| | | | 11 | | |
Company Employee Plan
|
| | | | 99 | | |
公司现有的ABL授信协议
|
| | | | 99 | | |
公司现有的第一留置权信贷协议
|
| | | | 99 | | |
公司现有的第二留置权信贷协议
|
| | | | 99 | | |
公司财务报表
|
| | | | 15 | | |
公司政府合同
|
| | | | 100 | | |
公司保险单
|
| | | | 27 | | |
公司国际计划
|
| | | | 100 | | |
Company IT Systems
|
| | | | 100 | | |
公司租赁不动产
|
| | | | 31 | | |
公司重大不良影响
|
| | | | 100 | | |
公司材料合同
|
| | | | 18 | | |
| | |
Page
|
| |||
公司少数股权合资企业
|
| | | | 14 | | |
公司多雇主养老金计划
|
| | | | 22 | | |
公司多雇主计划
|
| | | | 22 | | |
Company Options
|
| | | | 101 | | |
公司组织文件
|
| | | | 11 | | |
Company Owned IP
|
| | | | 101 | | |
公司拥有不动产
|
| | | | 30 | | |
Company Pension Plan
|
| | | | 22 | | |
Company Permits
|
| | | | 16 | | |
公司优先股
|
| | | | 1 | | |
公司不动产租赁
|
| | | | 31 | | |
Company Securities
|
| | | | 13 | | |
公司安全漏洞
|
| | | | 101 | | |
公司服务提供商
|
| | | | 101 | | |
Company Stock Plan
|
| | | | 101 | | |
公司股东同意
|
| | | | 2 | | |
公司定期信贷协议
|
| | | | 99 | | |
Company U.S. Plan
|
| | | | 101 | | |
保密协议
|
| | | | 78 | | |
Consent
|
| | | | 101 | | |
Contract
|
| | | | 101 | | |
Contract Loss
|
| | | | 101 | | |
Contributions
|
| | | | 4 | | |
control
|
| | | | 98 | | |
COVID-19
|
| | | | 101 | | |
COVID-19 Effect
|
| | | | 101 | | |
Current Insurance
|
| | | | 74 | | |
D&O Indemnified Parties
|
| | | | 74 | | |
DCSA
|
| | | | 102 | | |
Debt Commitment Letter
|
| | | | 32 | | |
Debt Financing
|
| | | | 32 | | |
Debt Financing Sources
|
| | | | 102 | | |
DFARS
|
| | | | 26 | | |
DGCL
|
| | | | 102 | | |
DLLCA
|
| | | | 102 | | |
Employee Plan
|
| | | | 102 | | |
End Date
|
| | | | 93 | | |
Environmental Claims
|
| | | | 102 | | |
Environmental Law
|
| | | | 102 | | |
环境责任
|
| | | | 103 | | |
环境许可证
|
| | | | 103 | | |
Equity Interests
|
| | | | 103 | | |
ERISA
|
| | | | 103 | | |
| | |
Page
|
| |||
ERISA Affiliate
|
| | | | 103 | | |
Exchange Act
|
| | | | 103 | | |
Exchange Ratio
|
| | | | 7 | | |
Excluded Information
|
| | | | 103 | | |
Excluded Shares
|
| | | | 7 | | |
FAR
|
| | | | 103 | | |
FCPA
|
| | | | 104 | | |
Fee Letter
|
| | | | 32 | | |
Filing
|
| | | | 104 | | |
Financing Agreements
|
| | | | 83 | | |
FIRPTA Documentation
|
| | | | 10 | | |
第一张合并证书
|
| | | | 3 | | |
First Effective Time
|
| | | | 3 | | |
First Merger
|
| | | | 1 | | |
第一家合并幸存公司
|
| | | | 1 | | |
FTC
|
| | | | 104 | | |
Fund
|
| | | | 64 | | |
GAAP
|
| | | | 104 | | |
Government Bid
|
| | | | 104 | | |
Government Contract
|
| | | | 104 | | |
Government Official
|
| | | | 104 | | |
政府权威机构
|
| | | | 104 | | |
Group
|
| | | | 104 | | |
Hazardous Substances
|
| | | | 104 | | |
HSR Act
|
| | | | 104 | | |
IBCL
|
| | | | 105 | | |
确定《国家安全法》
|
| | | | 77 | | |
Indebtedness
|
| | | | 105 | | |
知识产权
|
| | | | 105 | | |
IRS
|
| | | | 105 | | |
knowledge
|
| | | | 105 | | |
Law
|
| | | | 106 | | |
Lien
|
| | | | 106 | | |
管理服务协议
|
| | | | 64 | | |
Material Breach
|
| | | | 106 | | |
Measurement Date
|
| | | | 106 | | |
Merger Consideration
|
| | | | 7 | | |
Merger Sub Consents
|
| | | | 2 | | |
Merger Sub Inc
|
| | | | 1 | | |
Merger Sub LLC
|
| | | | 1 | | |
Mergers
|
| | | | 1 | | |
National Security Laws
|
| | | | 106 | | |
NISPOM
|
| | | | 106 | | |
| | |
Page
|
| |||
NYSE
|
| | | | 12 | | |
Observer
|
| | | | 7 | | |
OFAC
|
| | | | 106 | | |
Order
|
| | | | 106 | | |
正常业务流程
|
| | | | 106 | | |
Parent
|
| | | | 1 | | |
母公司收购方案
|
| | | | 106 | | |
家长不良推荐更改
|
| | | | 70 | | |
Parent Approval Time
|
| | | | 70 | | |
Parent Balance Sheet
|
| | | | 107 | | |
上级资产负债表日期
|
| | | | 107 | | |
Parent Board Designee
|
| | | | 6 | | |
母公司董事会建议
|
| | | | 36 | | |
家长章程修正案
|
| | | | 5 | | |
Parent Common Stock
|
| | | | 107 | | |
家长机密数据
|
| | | | 107 | | |
母公司信贷协议
|
| | | | 107 | | |
家长公开信
|
| | | | 34 | | |
Parent Employee Plan
|
| | | | 107 | | |
Parent Equity Awards
|
| | | | 37 | | |
母公司政府合同
|
| | | | 107 | | |
家长保险单
|
| | | | 53 | | |
母公司国际计划
|
| | | | 107 | | |
家长干预事件
|
| | | | 73 | | |
Parent IT Systems
|
| | | | 107 | | |
母公司租赁房产
|
| | | | 56 | | |
母材不良影响
|
| | | | 108 | | |
上级材料合同
|
| | | | 44 | | |
母公司少数股权合资企业
|
| | | | 39 | | |
母公司多雇主养老金计划
|
| | | | 48 | | |
家长多雇主计划
|
| | | | 48 | | |
上级组织文档
|
| | | | 35 | | |
Parent Owned IP
|
| | | | 108 | | |
Parent Payoff Letter
|
| | | | 89 | | |
Parent Pension Plan
|
| | | | 48 | | |
Parent Permits
|
| | | | 42 | | |
Parent Preferred Stock
|
| | | | 37 | | |
母公司不动产租赁
|
| | | | 56 | | |
Parent RSU Awards
|
| | | | 37 | | |
Parent SEC Documents
|
| | | | 39 | | |
Parent Securities
|
| | | | 38 | | |
Parent Security Breach
|
| | | | 108 | | |
母公司服务提供商
|
| | | | 109 | | |
| | |
Page
|
| |||
Parent Share Issuance
|
| | | | 36 | | |
母公司股东批准
|
| | | | 35 | | |
母公司股东大会
|
| | | | 79 | | |
Parent Stock Options
|
| | | | 37 | | |
Parent Stock Plan
|
| | | | 109 | | |
上级上级提案
|
| | | | 73 | | |
Parent Termination Fee
|
| | | | 95 | | |
Parent U.S. Plan
|
| | | | 109 | | |
Parties
|
| | | | 1 | | |
Party
|
| | | | 1 | | |
PBGC
|
| | | | 109 | | |
Permitted Lien
|
| | | | 109 | | |
Person
|
| | | | 109 | | |
Personal Information
|
| | | | 109 | | |
Premium Cap
|
| | | | 74 | | |
Principals
|
| | | | 109 | | |
Proceeding
|
| | | | 109 | | |
Proxy Date
|
| | | | 79 | | |
Proxy Statement
|
| | | | 78 | | |
Public Health Event
|
| | | | 110 | | |
Public Health Measures
|
| | | | 110 | | |
Registered Company IP
|
| | | | 25 | | |
Registered Parent IP
|
| | | | 51 | | |
注册权协议
|
| | | | 2 | | |
Regulation S-K
|
| | | | 68 | | |
Related Party
|
| | | | 110 | | |
Related Party Contract
|
| | | | 110 | | |
Release
|
| | | | 110 | | |
Representatives
|
| | | | 110 | | |
受限融资修改
|
| | | | 84 | | |
Sanctioned Person
|
| | | | 110 | | |
SEC
|
| | | | 111 | | |
第二张合并证
|
| | | | 3 | | |
Second Effective Time
|
| | | | 3 | | |
Second Lien Increase
|
| | | | 84 | | |
Second Merger
|
| | | | 1 | | |
Securities Act
|
| | | | 111 | | |
股东协议
|
| | | | 2 | | |
Sky Business
|
| | | | 111 | | |
Sky Transaction
|
| | | | 111 | | |
Software
|
| | | | 111 | | |
具体的商业行为法
|
| | | | 111 | | |
指定的母公司债务金额
|
| | | | 111 | | |
| | |
Page
|
| |||
Standing Committees
|
| | | | 6 | | |
Subsidiary
|
| | | | 111 | | |
Support Agreement
|
| | | | 2 | | |
Surviving Company
|
| | | | 1 | | |
Tax
|
| | | | 112 | | |
Tax Return
|
| | | | 112 | | |
Tax Sharing Agreement
|
| | | | 112 | | |
Taxing Authority
|
| | | | 112 | | |
终止协议
|
| | | | 64 | | |
Third Party
|
| | | | 112 | | |
Trade Secrets
|
| | | | 105 | | |
交易诉讼
|
| | | | 82 | | |
Transactions
|
| | | | 112 | | |
Transfer Agent
|
| | | | 8 | | |
Treasury Regulations
|
| | | | 2 | | |
Valor Systems
|
| | | | 4 | | |
处女座航空航天中级
|
| | | | 4 | | |
Virgo Borrower
|
| | | | 4 | | |
Virgo Holdco
|
| | | | 2 | | |
WARN
|
| | | | 112 | | |
Willful Breach
|
| | | | 112 | | |
| Vertex航空航天服务控股公司 | | | Delaware | |
| Andor Merger Sub Inc. | | | Delaware | |
| | | | 顶点航空航天服务控股公司。 | |
| | | |
By:
|
|
| | | |
Name:
|
|
| | | |
Title:
|
|
| | | | ANDOR MERGER SUB LLC | |
| | | |
By:
|
|
| | | |
Name:
|
|
| | | |
Title:
Authorized Person
|
|
| | | |
By:
|
|
| | | |
Name:
|
|
| | | |
Title:
Authorized Person
|
|
|
Name
|
| |
Address
|
|
|
Vectrus, Inc.
|
| |
2424 Garden of the Gods Road, Suite
300 Colorado Springs, CO 80919 |
|
| | | | MEMBER | |
| | | | Vectrus, Inc. | |
| | | |
By:
|
|
| | | |
Name:
|
|
| | | |
Title:
|
|
| | | | Vertex航空航天服务控股公司 | |
| | | |
By:
|
|
| | | | [标题] | |
| Name: | | | Vertex航空航天服务控股公司 | |
| Address: | | |
450 Lexington Ave
40th Floor New York, NY 10117 |
|
| EIN: | | | [•] | |
| Name: | | | Vectrus, Inc. | |
| Address: | | | [•] | |
| EIN: | | | [•] | |
| | | | Vertex航空航天服务控股公司 | |
| | | |
By:
|
|
| | | | [标题] | |
| | | | AIP, LLC | | |||
| | | | By: | | |
|
|
| | | | | | | Name: | |
| | | | | | | Title: | |
| | | | AIPCF VI Vertex航空航天基金有限责任公司,代表自己和基金VI组的每个其他成员 | | |||
| | | | By: | | |
|
|
| | | | | | | Name: | |
| | | | | | | Title: | |
| | | | Vertex航空航天服务控股公司,代表自己和处女座集团的每个其他成员 | | |||
| | | | By: | | |
|
|
| | | | | | | Name: | |
| | | | | | | Title: | |
| | | | Vectrus Inc.,仅为第7节的目的 | | |||
| | | | By: | | |
|
|
| | | | | | | Name: | |
| | | | | | | Title: | |
|
/s/ Goldman Sachs & Co. LLC
(GOLDMAN SACHS & CO. LLC)
|
| | | |
| If to the Company: | | |
Vectrus, Inc.
7901 Jones Branch Drive, Suite 700 McLean, VA 22102
Attention:
Kevin T. Boyle
|
|
| | | |
Email:
kevin.boyle@vectrus.com
|
|
| with a copy to: | | |
Skadden、Arps、Slate、Meagher&Flom LLP
One Manhattan West New York, New York 10001
Attention:
Kenneth M. Wolff
|
|
| | | |
E-Mail:
电子邮箱:kenneth.wolff@skadden.com
|
|
| If to the AIP Parties: | | |
美国工业伙伴
450 Lexington Avenue, 40th Floor New York, New York 10017
Attention:
Dino Cusumano
Joel Rotroff Nikhil Bodade
|
|
| | | |
E-Mail:
dino@americanIndustrial al.com
jrotroff@americanIndustrial al.com Nikhil@americanIndustrial al.com 电子邮件@americanIndustrial al.com
|
|
| with a copy to: | | |
Jones Day
250 Vesey Street New York, New York 10281
Attention:
James Dougherty
Justin Macke
|
|
| | | |
Email:
jpdougherty@jones Day.com
jamacke@jonesday.com
|
|
| | | | VECTRUS, INC. | |
| | | |
By:
|
|
| | | |
Name:
|
|
| | | | Title: | |
| | | | SHAREHOLDERS: | |
| | | | 顶点航空航天控股有限责任公司 | |
| | | |
By:
|
|
| | | | Name: | |
| | | | Title: | |
| | | | Ally商业金融有限责任公司 | |
| | | |
By:
|
|
| | | | Name: | |
| | | | Title: | |
| | | | [股东] | |
| | | |
By:
|
|
| | | | Name: | |
| | | | Title: | |
| | | | [股东] | |
| | | |
By:
|
|
| | | | Name: | |
| | | | Title: | |
| | | | [股东] | |
| | | |
By:
|
|
| | | | Name: | |
| | | | Title: | |