GWG Holdings, Inc.: 10-K filed 2014-03-20
What GWG Holdings, Inc. reported in its annual report filed 2014-03-20 (fiscal FY 2013): 24 published measures, 48 facts as tagged in accession 0001213900-14-001557.
This filing
- Form
- 10-K (annual report)
- Filed
- 2014-03-20
- Fiscal period
- fiscal FY 2013
- Accession
- 0001213900-14-001557 on SEC EDGAR
Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All GWG Holdings, 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 2013-12-31 | 275,380,476 | USD | |
| At 2012-12-31 | 197,948,035 | USD |
Total liabilities
Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2013-12-31 | 256,149,798 | USD | |
| At 2012-12-31 | 175,303,946 | USD |
Stockholders equity
The reported residual interest after liabilities. It is an accounting amount, not market capitalization.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2013-12-31 | -5,492,015 | USD | |
| At 2012-12-31 | -1,261,789 | USD | |
| At 2011-12-31 | 948,569 | 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 2013-12-31 | 33,449,793 | USD | |
| At 2012-12-31 | 27,497,044 | USD | |
| At 2011-12-31 | 1,878,349 | 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 |
|---|---|---|---|
| 2013-01-01 to 2013-12-31 | -194,955 | USD | 365 |
| 2012-01-01 to 2012-12-31 | -1,012,899 | USD | 366 |
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 |
|---|---|---|---|
| 2013-01-01 to 2013-12-31 | -31,385,508 | USD | 365 |
| 2012-01-01 to 2012-12-31 | -27,168,894 | USD | 366 |
Revenue
Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2013-01-01 to 2013-12-31 | 33,064,774 | USD | 365 |
| 2012-01-01 to 2012-12-31 | 17,525,798 | USD | 366 |
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 |
|---|---|---|---|
| 2013-01-01 to 2013-12-31 | 67,771,861 | USD | 365 |
| 2012-01-01 to 2012-12-31 | 66,787,874 | USD | 366 |
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 |
|---|---|---|---|
| 2013-01-01 to 2013-12-31 | -30,433,604 | USD | 365 |
| 2012-01-01 to 2012-12-31 | -14,000,285 | USD | 366 |
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 2013-12-31 | -8,438,577 | USD | |
| At 2012-12-31 | -8,243,622 | 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 |
|---|---|---|---|
| 2013-01-01 to 2013-12-31 | 9,517,397 | shares | 365 |
| 2012-01-01 to 2012-12-31 | 9,989,000 | shares | 366 |
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 |
|---|---|---|---|
| 2013-01-01 to 2013-12-31 | 2,173,767 | USD | 365 |
| 2012-01-01 to 2012-12-31 | 1,193,190 | USD | 366 |
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 |
|---|---|---|---|
| 2013-01-01 to 2013-12-31 | 23,753 | USD | 365 |
Interest expense
Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2013-01-01 to 2013-12-31 | 20,762,644 | USD | 365 |
| 2012-01-01 to 2012-12-31 | 10,878,627 | USD | 366 |
Current accounts payable
Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2013-12-31 | 839,869 | USD | |
| At 2012-12-31 | 470,059 | USD |
Common-stock repurchase payments
Cash paid to reacquire common stock during the period. This is not an authorization limit or a direct measure of the net change in share count.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2013-01-01 to 2013-12-31 | 3,252,400 | USD | 365 |
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 |
|---|---|---|---|
| 2013-01-01 to 2013-12-31 | 31,085,962 | USD | 365 |
| 2012-01-01 to 2012-12-31 | 17,345,507 | USD | 366 |
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 2013-12-31 | 9,124,000 | shares | |
| At 2012-12-31 | 9,989,000 | 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 2013-12-31 | 2,937,438 | USD | |
| At 2012-12-31 | 6,971,844 | 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 2013-12-31 | -5,492,015 | USD | |
| At 2012-12-31 | -1,261,789 | 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 2013-12-31 | 2,619,000 | USD | |
| At 2012-12-31 | 3,146,000 | USD |
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 |
|---|---|---|---|
| 2013-01-01 to 2013-12-31 | -1,001,579 | USD | 365 |
| 2012-01-01 to 2012-12-31 | -2,591,304 | USD | 366 |
Deferred income tax expense or benefit
The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2013-01-01 to 2013-12-31 | 2,173,767 | USD | 365 |
| 2012-01-01 to 2012-12-31 | 1,193,190 | USD | 366 |
Change in accounts payable
The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2013-01-01 to 2013-12-31 | 369,809 | USD | 365 |
| 2012-01-01 to 2012-12-31 | -257,708 | USD | 366 |
Inspect the source
- Entity
- GWG Holdings, Inc. / CIK 0001522690
- Captured
- SEC response SHA-256
64c582e7e0b014dbe60cb88e89a5634a1058fcd8259e4d31f527081ed734360c
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/0001522690.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"])))