GWG Holdings, Inc.: 10-K filed 2016-03-22

Name: GWG Holdings, Inc.: 10-K filed 2016-03-22
Creator: GWG Holdings, Inc.

What GWG Holdings, Inc. reported in its annual report filed 2016-03-22 (fiscal FY 2015): 27 published measures, 56 facts as tagged in accession 0001213900-16-011794.

This filing

Form: 10-K (annual report)
Filed: 2016-03-22
Fiscal period: fiscal FY 2015
Accession: 0001213900-16-011794 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 2015-12-31	398,165,747	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 2015-12-31	382,005,333	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 2015-12-31	16,160,414	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 2015-12-31	34,425,105	USD
At 2014-12-31	30,662,704	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
2015-01-01 to 2015-12-31	-7,393,274	USD	365
2014-01-01 to 2014-12-31	-5,962,909	USD	365

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
2015-01-01 to 2015-12-31	-39,716,927	USD	365
2014-01-01 to 2014-12-31	-42,854,251	USD	365

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

Period	Value	Unit	Days
2015-01-01 to 2015-12-31	39,632,252	USD	365
2014-01-01 to 2014-12-31	30,476,575	USD	365

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
2015-01-01 to 2015-12-31	77,874,973	USD	365
2014-01-01 to 2014-12-31	48,173,750	USD	365

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
2015-01-01 to 2015-12-31	-34,395,645	USD	365
2014-01-01 to 2014-12-31	-8,106,588	USD	365

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 2015-12-31	-21,794,760	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
2015-01-01 to 2015-12-31	5,906,761	shares	365
2014-01-01 to 2014-12-31	4,909,657	shares	365

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
2015-01-01 to 2015-12-31	5,906,761	shares	365
2014-01-01 to 2014-12-31	4,909,657	shares	365

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
2015-01-01 to 2015-12-31	-1.02	USD/shares	365
2014-01-01 to 2014-12-31	-1.24	USD/shares	365

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
2015-01-01 to 2015-12-31	-1.02	USD/shares	365
2014-01-01 to 2014-12-31	-1.24	USD/shares	365

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
2015-01-01 to 2015-12-31	-3,509,587	USD	365
2014-01-01 to 2014-12-31	-2,401,619	USD	365

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
2015-01-01 to 2015-12-31	194,000	USD	365
2014-01-01 to 2014-12-31	122,000	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
2015-01-01 to 2015-12-31	31,587,960	USD	365
2014-01-01 to 2014-12-31	26,716,798	USD	365

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 2015-12-31	1,517,440	USD
At 2014-12-31	1,203,575	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
2015-01-01 to 2015-12-31	-582,000	USD	365
2014-01-01 to 2014-12-31	-9,030,000	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
2015-01-01 to 2015-12-31	50,535,113	USD	365
2014-01-01 to 2014-12-31	38,841,103	USD	365

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 2015-12-31	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 2015-12-31	17,149,391	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 2015-12-31	16,160,414	USD
At 2014-12-31	22,389,936	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 2015-12-31	7,283,000	USD
At 2014-12-31	4,648,000	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
2015-01-01 to 2015-12-31	-6,007,164	USD	365
2014-01-01 to 2014-12-31	-6,101,283	USD	365

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
2015-01-01 to 2015-12-31	-3,509,587	USD	365
2014-01-01 to 2014-12-31	-2,401,619	USD	365

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
2015-01-01 to 2015-12-31	313,864	USD	365
2014-01-01 to 2014-12-31	363,706	USD	365

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

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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"])))