GWG Holdings, Inc.: 10-Q filed 2014-11-13
What GWG Holdings, Inc. reported in its quarterly report filed 2014-11-13 (fiscal Q3 2014): 23 published measures, 81 facts as tagged in accession 0001213900-14-008040.
This filing
- Form
- 10-Q (quarterly report)
- Filed
- 2014-11-13
- Fiscal period
- fiscal Q3 2014
- Accession
- 0001213900-14-008040 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 2014-09-30 | 311,492,676 | USD | |
| At 2013-12-31 | 275,380,476 | USD |
Total liabilities
Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2014-09-30 | 291,271,867 | USD | |
| At 2013-12-31 | 256,149,798 | USD |
Stockholders equity
The reported residual interest after liabilities. It is an accounting amount, not market capitalization.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2014-09-30 | 20,220,809 | USD | |
| At 2013-12-31 | -5,492,015 | USD | |
| At 2012-12-31 | -1,261,789 | 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 2014-09-30 | 29,511,989 | USD | |
| At 2014-06-30 | 23,059,955 | USD | |
| At 2013-12-31 | 33,449,793 | USD | |
| At 2013-09-30 | 32,429,294 | USD | |
| At 2013-06-30 | 38,240,633 | USD | |
| At 2012-12-31 | 27,497,044 | 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 |
|---|---|---|---|
| 2014-07-01 to 2014-09-30 | -3,400,191 | USD | 92 |
| 2014-01-01 to 2014-09-30 | -7,888,058 | USD | 273 |
| 2013-01-01 to 2013-12-31 | -194,955 | USD | 365 |
| 2013-07-01 to 2013-09-30 | -1,628,950 | USD | 92 |
| 2013-01-01 to 2013-09-30 | 194,874 | USD | 273 |
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 |
|---|---|---|---|
| 2014-07-01 to 2014-09-30 | -13,327,529 | USD | 92 |
| 2014-01-01 to 2014-09-30 | -38,282,065 | USD | 273 |
| 2013-07-01 to 2013-09-30 | -7,031,043 | USD | 92 |
| 2013-01-01 to 2013-09-30 | -21,510,848 | USD | 273 |
Revenue
Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2014-07-01 to 2014-09-30 | 5,128,652 | USD | 92 |
| 2014-01-01 to 2014-09-30 | 16,143,492 | USD | 273 |
| 2013-07-01 to 2013-09-30 | 5,527,507 | USD | 92 |
| 2013-01-01 to 2013-09-30 | 25,043,104 | USD | 273 |
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 |
|---|---|---|---|
| 2014-07-01 to 2014-09-30 | 19,528,938 | USD | 92 |
| 2014-01-01 to 2014-09-30 | 44,904,571 | USD | 273 |
| 2013-07-01 to 2013-09-30 | 13,918,758 | USD | 92 |
| 2013-01-01 to 2013-09-30 | 49,155,993 | USD | 273 |
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 |
|---|---|---|---|
| 2014-07-01 to 2014-09-30 | 250,625 | USD | 92 |
| 2014-01-01 to 2014-09-30 | -10,560,310 | USD | 273 |
| 2013-07-01 to 2013-09-30 | -12,699,054 | USD | 92 |
| 2013-01-01 to 2013-09-30 | -22,712,895 | USD | 273 |
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 2014-09-30 | -16,326,635 | USD | |
| At 2013-12-31 | -8,438,577 | 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 |
|---|---|---|---|
| 2014-07-01 to 2014-09-30 | 4,633,097 | shares | 92 |
| 2014-01-01 to 2014-09-30 | 4,579,920 | shares | 273 |
| 2013-07-01 to 2013-09-30 | 4,562,000 | shares | 92 |
| 2013-01-01 to 2013-09-30 | 4,867,962 | shares | 273 |
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 |
|---|---|---|---|
| 2014-07-01 to 2014-09-30 | 4,633,097 | shares | 92 |
| 2014-01-01 to 2014-09-30 | 4,579,920 | shares | 273 |
| 2013-07-01 to 2013-09-30 | 7,489,000 | shares | 92 |
| 2013-01-01 to 2013-09-30 | 7,803,947 | shares | 273 |
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 |
|---|---|---|---|
| 2014-07-01 to 2014-09-30 | -0.76 | USD/shares | 92 |
| 2014-01-01 to 2014-09-30 | -1.8 | USD/shares | 273 |
| 2013-07-01 to 2013-09-30 | -0.4 | USD/shares | 92 |
| 2013-01-01 to 2013-09-30 | -0.1 | USD/shares | 273 |
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 |
|---|---|---|---|
| 2014-07-01 to 2014-09-30 | -0.76 | USD/shares | 92 |
| 2014-01-01 to 2014-09-30 | -1.8 | USD/shares | 273 |
| 2013-07-01 to 2013-09-30 | -0.24 | USD/shares | 92 |
| 2013-01-01 to 2013-09-30 | -0.06 | USD/shares | 273 |
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 |
|---|---|---|---|
| 2014-07-01 to 2014-09-30 | -1,858,100 | USD | 92 |
| 2014-01-01 to 2014-09-30 | -4,129,670 | USD | 273 |
| 2013-07-01 to 2013-09-30 | -656,968 | USD | 92 |
| 2013-01-01 to 2013-09-30 | 1,710,826 | USD | 273 |
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 |
|---|---|---|---|
| 2014-07-01 to 2014-09-30 | 6,796,736 | USD | 92 |
| 2014-01-01 to 2014-09-30 | 19,731,327 | USD | 273 |
| 2013-07-01 to 2013-09-30 | 5,537,326 | USD | 92 |
| 2013-01-01 to 2013-09-30 | 14,946,484 | USD | 273 |
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 |
|---|---|---|---|
| 2014-07-01 to 2014-09-30 | -9,030,000 | USD | 92 |
| 2014-01-01 to 2014-09-30 | -9,030,000 | USD | 273 |
| 2013-01-01 to 2013-09-30 | 3,252,400 | USD | 273 |
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 |
|---|---|---|---|
| 2014-07-01 to 2014-09-30 | 10,386,943 | USD | 92 |
| 2014-01-01 to 2014-09-30 | 28,161,220 | USD | 273 |
| 2013-07-01 to 2013-09-30 | 7,813,425 | USD | 92 |
| 2013-01-01 to 2013-09-30 | 23,137,404 | USD | 273 |
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 2014-09-30 | 5,870,193 | shares | |
| At 2013-12-31 | 4,562,000 | 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 2014-09-30 | 16,323,738 | USD | |
| At 2013-12-31 | 2,942,000 | 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 2014-09-30 | 2,973 | USD | |
| At 2013-12-31 | -5,492,015 | 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 |
|---|---|---|---|
| 2014-07-01 to 2014-09-30 | -3,517,865 | USD | 92 |
| 2014-01-01 to 2014-09-30 | -8,232,716 | USD | 273 |
| 2013-07-01 to 2013-09-30 | -1,820,613 | USD | 92 |
| 2013-01-01 to 2013-09-30 | -463,429 | USD | 273 |
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 |
|---|---|---|---|
| 2014-07-01 to 2014-09-30 | -1,858,100 | USD | 92 |
| 2014-01-01 to 2014-09-30 | -4,129,670 | USD | 273 |
| 2013-07-01 to 2013-09-30 | -655,968 | USD | 92 |
| 2013-01-01 to 2013-09-30 | 1,710,826 | USD | 273 |
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"])))