GWG Holdings, Inc.: 10-Q filed 2015-11-13

Name: GWG Holdings, Inc.: 10-Q filed 2015-11-13
Creator: GWG Holdings, Inc.

What GWG Holdings, Inc. reported in its quarterly report filed 2015-11-13 (fiscal Q3 2015): 26 published measures, 88 facts as tagged in accession 0001213900-15-008516.

This filing

Form: 10-Q (quarterly report)
Filed: 2015-11-13
Fiscal period: fiscal Q3 2015
Accession: 0001213900-15-008516 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 2015-09-30	371,526,220	USD
At 2014-12-31	323,070,529	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2015-09-30	350,754,576	USD
At 2014-12-31	300,680,593	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit
At 2015-09-30	20,771,644	USD
At 2014-12-31	22,389,936	USD
At 2013-12-31	-5,492,015	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
At 2015-09-30	28,452,673	USD
At 2015-06-30	38,198,189	USD
At 2014-12-31	30,662,704	USD
At 2014-09-30	29,511,989	USD
At 2014-06-30	23,059,955	USD
At 2013-12-31	33,449,793	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
2015-07-01 to 2015-09-30	-3,631,078	USD	92
2015-01-01 to 2015-09-30	-2,619,602	USD	273
2014-01-01 to 2014-12-31	-5,962,909	USD	365
2014-07-01 to 2014-09-30	-3,400,191	USD	92
2014-01-01 to 2014-09-30	-7,888,058	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
2015-07-01 to 2015-09-30	-13,697,611	USD	92
2015-01-01 to 2015-09-30	-23,079,711	USD	273
2014-07-01 to 2014-09-30	-13,327,529	USD	92
2014-01-01 to 2014-09-30	-38,282,065	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
2015-07-01 to 2015-09-30	8,283,102	USD	92
2015-01-01 to 2015-09-30	33,680,072	USD	273
2014-07-01 to 2014-09-30	5,128,652	USD	92
2014-01-01 to 2014-09-30	16,143,492	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
2015-07-01 to 2015-09-30	17,498,937	USD	92
2015-01-01 to 2015-09-30	40,897,557	USD	273
2014-07-01 to 2014-09-30	19,528,938	USD	92
2014-01-01 to 2014-09-30	44,904,571	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
2015-07-01 to 2015-09-30	-13,546,842	USD	92
2015-01-01 to 2015-09-30	-20,027,877	USD	273
2014-07-01 to 2014-09-30	250,625	USD	92
2014-01-01 to 2014-09-30	-10,560,310	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 2015-09-30	-17,021,088	USD
At 2014-12-31	-14,401,486	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
2015-07-01 to 2015-09-30	5,937,320	shares	92
2015-01-01 to 2015-09-30	5,894,956	shares	273
2014-07-01 to 2014-09-30	4,633,097	shares	92
2014-01-01 to 2014-09-30	4,579,920	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
2015-07-01 to 2015-09-30	5,937,320	shares	92
2015-01-01 to 2015-09-30	5,894,956	shares	273
2014-07-01 to 2014-09-30	4,633,097	shares	92
2014-01-01 to 2014-09-30	4,579,920	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
2015-07-01 to 2015-09-30	-0.55	USD/shares	92
2015-01-01 to 2015-09-30	-0.27	USD/shares	273
2014-07-01 to 2014-09-30	-0.76	USD/shares	92
2014-01-01 to 2014-09-30	-1.8	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
2015-07-01 to 2015-09-30	-0.55	USD/shares	92
2015-01-01 to 2015-09-30	-0.27	USD/shares	273
2014-07-01 to 2014-09-30	-0.76	USD/shares	92
2014-01-01 to 2014-09-30	-1.8	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
2015-07-01 to 2015-09-30	-2,097,633	USD	92
2015-01-01 to 2015-09-30	-664,905	USD	273
2014-07-01 to 2014-09-30	-1,858,100	USD	92
2014-01-01 to 2014-09-30	-4,129,670	USD	273

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
2015-07-01 to 2015-09-30	176,000	USD	92
2015-01-01 to 2015-09-30	208,000	USD	273
2014-07-01 to 2014-09-30	44,000	USD	92
2014-01-01 to 2014-09-30	116,000	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
2015-07-01 to 2015-09-30	8,650,149	USD	92
2015-01-01 to 2015-09-30	23,149,030	USD	273
2014-07-01 to 2014-09-30	6,796,736	USD	92
2014-01-01 to 2014-09-30	19,731,327	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
2015-01-01 to 2015-09-30	-582,000	USD	273
2014-07-01 to 2014-09-30	-9,030,000	USD	92
2014-01-01 to 2014-09-30	-9,030,000	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
2015-07-01 to 2015-09-30	14,011,813	USD	92
2015-01-01 to 2015-09-30	36,964,579	USD	273
2014-07-01 to 2014-09-30	10,386,943	USD	92
2014-01-01 to 2014-09-30	28,161,220	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 2015-09-30	5,941,790	shares
At 2014-12-31	5,870,193	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 2015-09-30	17,163,249	USD
At 2014-12-31	16,257,686	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 2015-09-30	20,771,644	USD
At 2014-12-31	22,389,936	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
2015-07-01 to 2015-09-30	-3,287,434	USD	92
2015-01-01 to 2015-09-30	-1,577,954	USD	273
2014-07-01 to 2014-09-30	-3,517,865	USD	92
2014-01-01 to 2014-09-30	-8,232,716	USD	273

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
2015-07-01 to 2015-09-30	-181,000	USD	92

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
2015-07-01 to 2015-09-30	-1,916,686	USD	92
2015-01-01 to 2015-09-30	-664,905	USD	273
2014-07-01 to 2014-09-30	-1,858,100	USD	92
2014-01-01 to 2014-09-30	-4,129,670	USD	273

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

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

Inspect the source

Entity: GWG Holdings, Inc. / CIK 0001522690
Captured: 2026-09-22 19:51 UTC
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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Read the published dataset with Python

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"])))