Midwest Holding Inc.: 10-Q filed 2021-08-13
What Midwest Holding Inc. reported in its quarterly report filed 2021-08-13 (fiscal Q2 2021): 35 published measures, 97 facts as tagged in accession 0001558370-21-011615.
This filing
- Form
- 10-Q (quarterly report)
- Filed
- 2021-08-13
- Fiscal period
- fiscal Q2 2021
- Accession
- 0001558370-21-011615 on SEC EDGAR
Values are as tagged in this filing. A later filing can restate them; a measure with a published history links to it, and the history shows the latest-filed value per period. All Midwest Holding Inc. filings.
Reported measures
Total assets
Resources recognized on the balance sheet. Book assets are not the market value of the business.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-06-30 | 987,475,788 | USD | |
| At 2020-12-31 | 726,400,759 | USD |
Total liabilities
Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-06-30 | 905,869,353 | USD | |
| At 2020-12-31 | 640,071,260 | USD |
Stockholders equity
The reported residual interest after liabilities. It is an accounting amount, not market capitalization.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-06-30 | 81,606,435 | USD | |
| At 2020-12-31 | 86,329,499 | USD |
Cash and cash equivalents
Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-06-30 | 70,278,979 | USD | |
| At 2020-12-31 | 151,679,274 | USD |
Net income or loss
Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-04-01 to 2021-06-30 | -4,993,074 | USD | 91 |
| 2021-01-01 to 2021-06-30 | -6,593,536 | USD | 181 |
| 2020-04-01 to 2020-06-30 | -16,599,839 | USD | 91 |
| 2020-01-01 to 2020-06-30 | 5,011,119 | USD | 182 |
Operating cash flow
Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-01-01 to 2021-06-30 | -8,725,452 | USD | 181 |
| 2020-01-01 to 2020-06-30 | 2,480,934 | USD | 182 |
Capital expenditure payments
Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-01-01 to 2021-06-30 | 34,642 | USD | 181 |
| 2020-01-01 to 2020-06-30 | 45,513 | USD | 182 |
Revenue
Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-04-01 to 2021-06-30 | 8,897,307 | USD | 91 |
| 2021-01-01 to 2021-06-30 | 8,283,536 | USD | 181 |
| 2020-04-01 to 2020-06-30 | -12,483,353 | USD | 91 |
| 2020-01-01 to 2020-06-30 | 11,930,138 | USD | 182 |
Financing cash flow
Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-01-01 to 2021-06-30 | 243,080,178 | USD | 181 |
| 2020-01-01 to 2020-06-30 | 161,268,499 | USD | 182 |
Investing cash flow
Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-01-01 to 2021-06-30 | -315,755,021 | USD | 181 |
| 2020-01-01 to 2020-06-30 | -132,423,736 | USD | 182 |
Retained earnings or deficit
Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-06-30 | -60,115,614 | USD | |
| At 2020-12-31 | -53,522,078 | USD |
Basic weighted-average shares
Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-04-01 to 2021-06-30 | 3,737,564 | shares | 91 |
| 2021-01-01 to 2021-06-30 | 3,737,564 | shares | 181 |
| 2020-04-01 to 2020-06-30 | 2,540,588 | shares | 91 |
| 2020-01-01 to 2020-06-30 | 2,291,629 | shares | 182 |
Diluted weighted-average shares
Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-04-01 to 2021-06-30 | 3,737,564 | shares | 91 |
| 2021-01-01 to 2021-06-30 | 3,737,564 | shares | 181 |
| 2020-04-01 to 2020-06-30 | 2,540,588 | shares | 91 |
| 2020-01-01 to 2020-06-30 | 2,291,629 | shares | 182 |
Basic earnings per share
Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-04-01 to 2021-06-30 | -1.34 | USD/shares | 91 |
| 2021-01-01 to 2021-06-30 | -1.76 | USD/shares | 181 |
| 2020-04-01 to 2020-06-30 | -6.53 | USD/shares | 91 |
| 2020-01-01 to 2020-06-30 | 2.19 | USD/shares | 182 |
Diluted earnings per share
Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-04-01 to 2021-06-30 | -1.34 | USD/shares | 91 |
| 2021-01-01 to 2021-06-30 | -1.76 | USD/shares | 181 |
| 2020-04-01 to 2020-06-30 | -6.53 | USD/shares | 91 |
| 2020-01-01 to 2020-06-30 | 2.18 | USD/shares | 182 |
Income tax expense or benefit
Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-04-01 to 2021-06-30 | 746,689 | USD | 91 |
| 2021-01-01 to 2021-06-30 | 2,179,037 | USD | 181 |
| 2020-04-01 to 2020-06-30 | 479,513 | USD | 91 |
| 2020-01-01 to 2020-06-30 | 887,429 | USD | 182 |
Net property, plant and equipment
Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-06-30 | 114,434 | USD | |
| At 2020-12-31 | 103,964 | USD |
Share-based compensation expense
Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-01-01 to 2021-06-30 | 1,769,567 | USD | 181 |
| 2020-01-01 to 2020-06-30 | 25,022 | USD | 182 |
Operating expenses
Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-04-01 to 2021-06-30 | 13,143,692 | USD | 91 |
| 2021-01-01 to 2021-06-30 | 12,698,035 | USD | 181 |
| 2020-04-01 to 2020-06-30 | 3,636,973 | USD | 91 |
| 2020-01-01 to 2020-06-30 | 6,031,590 | USD | 182 |
Common shares outstanding
Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-06-30 | 3,737,564 | shares | |
| At 2020-12-31 | 3,737,564 | shares |
Additional paid-in capital
Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-06-30 | 135,232,817 | USD | |
| At 2020-12-31 | 133,592,605 | USD |
Accumulated other comprehensive income or loss
Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-06-30 | 6,660,827 | USD | |
| At 2020-12-31 | 6,430,567 | USD |
Total equity including noncontrolling interests
Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-06-30 | 81,606,435 | USD | |
| At 2021-03-31 | 85,632,183 | USD | |
| At 2020-12-31 | 86,329,499 | USD | |
| At 2020-06-30 | 25,952,718 | USD | |
| At 2020-03-31 | 8,605,382 | USD | |
| At 2019-12-31 | 14,158,748 | USD |
Operating lease right-of-use asset
Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-06-30 | 287,660 | USD | |
| At 2020-12-31 | 348,198 | USD |
Operating lease liability
Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-06-30 | 331,350 | USD | |
| At 2020-12-31 | 396,911 | USD |
Accumulated depreciation on property, plant and equipment
Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-06-30 | 1,047,505 | USD | |
| At 2020-12-31 | 1,023,334 | USD |
Net intangible assets excluding goodwill
Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-06-30 | 700,000 | USD | |
| At 2020-12-31 | 700,000 | USD |
Net deferred tax assets
Deferred tax assets after the valuation allowance. Realization depends on future taxable income, so the balance is not a receivable from tax authorities.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-06-30 | 1,927,545 | USD | |
| At 2020-12-31 | 2,246,614 | USD |
Pre-tax income or loss from continuing operations
Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-04-01 to 2021-06-30 | -4,246,385 | USD | 91 |
| 2021-01-01 to 2021-06-30 | -4,414,499 | USD | 181 |
| 2020-04-01 to 2020-06-30 | -16,120,326 | USD | 91 |
| 2020-01-01 to 2020-06-30 | 5,898,548 | USD | 182 |
Comprehensive income or loss
Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-04-01 to 2021-06-30 | -5,404,624 | USD | 91 |
| 2021-01-01 to 2021-06-30 | -6,363,276 | USD | 181 |
| 2020-04-01 to 2020-06-30 | 2,892,718 | USD | 91 |
| 2020-01-01 to 2020-06-30 | -2,672,585 | USD | 182 |
Net income available to common stockholders
Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-01-01 to 2021-06-30 | -6,593,536 | USD | 181 |
| 2020-01-01 to 2020-06-30 | 5,011,119 | USD | 182 |
Depreciation expense
Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-04-01 to 2021-06-30 | 11,837 | USD | 91 |
| 2021-01-01 to 2021-06-30 | 24,172 | USD | 181 |
| 2020-04-01 to 2020-06-30 | 11,996 | USD | 91 |
| 2020-01-01 to 2020-06-30 | 22,312 | USD | 182 |
Depreciation, depletion and amortization
Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-01-01 to 2021-06-30 | 25,405 | USD | 181 |
| 2020-01-01 to 2020-06-30 | 804,289 | USD | 182 |
Current income tax expense or benefit
Income tax expense or benefit for the period that is currently payable or refundable. It differs from cash taxes paid and from total tax expense.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-04-01 to 2021-06-30 | -891,741 | USD | 91 |
| 2021-01-01 to 2021-06-30 | -927,045 | USD | 181 |
| 2020-04-01 to 2020-06-30 | -3,372,144 | USD | 91 |
| 2020-01-01 to 2020-06-30 | 1,238,695 | USD | 182 |
Income taxes paid, net
Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-01-01 to 2021-06-30 | 1,500,000 | USD | 181 |
Inspect the source
- Entity
- Midwest Holding Inc. / CIK 0000355379
- Captured
- SEC response SHA-256
08ff4d51c9873237d33dbcdba3d0bb58dae89f0b522cf0ad096ccf104dfd8bb8
Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON
Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.
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import json
from urllib.request import urlopen
with urlopen("https://canlicapital.com/company-data/0000355379.json") as response:
record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
print(concept["tag"], next(iter(concept["observations"])))