GWG Holdings, Inc.: 10-Q filed 2016-11-10
What GWG Holdings, Inc. reported in its quarterly report filed 2016-11-10 (fiscal Q3 2016): 26 published measures, 89 facts as tagged in accession 0001213900-16-018237.
This filing
- Form
- 10-Q (quarterly report)
- Filed
- 2016-11-10
- Fiscal period
- fiscal Q3 2016
- Accession
- 0001213900-16-018237 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 2016-09-30 | 527,420,913 | USD | |
| At 2015-12-31 | 395,877,765 | USD |
Total liabilities
Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2016-09-30 | 481,075,447 | USD | |
| At 2015-12-31 | 379,732,351 | USD |
Stockholders equity
The reported residual interest after liabilities. It is an accounting amount, not market capitalization.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2016-09-30 | 46,345,466 | USD | |
| At 2015-12-31 | 16,145,414 | USD | |
| At 2014-12-31 | 22,389,936 | 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 2016-09-30 | 18,773,828 | USD | |
| At 2016-06-30 | 17,379,350 | USD | |
| At 2015-12-31 | 34,425,105 | USD | |
| At 2015-09-30 | 28,452,673 | USD | |
| At 2015-06-30 | 38,198,189 | USD | |
| At 2014-12-31 | 30,662,704 | 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 |
|---|---|---|---|
| 2016-07-01 to 2016-09-30 | -2,997,365 | USD | 92 |
| 2016-01-01 to 2016-09-30 | -41,734 | USD | 274 |
| 2015-01-01 to 2015-12-31 | -7,393,274 | USD | 365 |
| 2015-07-01 to 2015-09-30 | -3,631,078 | USD | 92 |
| 2015-01-01 to 2015-09-30 | -2,619,602 | 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 |
|---|---|---|---|
| 2016-07-01 to 2016-09-30 | -24,577,516 | USD | 92 |
| 2016-01-01 to 2016-09-30 | -54,621,369 | USD | 274 |
| 2015-07-01 to 2015-09-30 | -13,697,611 | USD | 92 |
| 2015-01-01 to 2015-09-30 | -23,079,711 | 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 |
|---|---|---|---|
| 2016-07-01 to 2016-09-30 | 13,920,978 | USD | 92 |
| 2016-01-01 to 2016-09-30 | 52,602,354 | USD | 274 |
| 2015-07-01 to 2015-09-30 | 8,283,102 | USD | 92 |
| 2015-01-01 to 2015-09-30 | 33,680,072 | 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 |
|---|---|---|---|
| 2016-07-01 to 2016-09-30 | 52,408,416 | USD | 92 |
| 2016-01-01 to 2016-09-30 | 112,425,929 | USD | 274 |
| 2015-07-01 to 2015-09-30 | 17,498,937 | USD | 92 |
| 2015-01-01 to 2015-09-30 | 40,897,557 | 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 |
|---|---|---|---|
| 2016-07-01 to 2016-09-30 | -26,436,422 | USD | 92 |
| 2016-01-01 to 2016-09-30 | -73,455,837 | USD | 274 |
| 2015-07-01 to 2015-09-30 | -13,546,842 | USD | 92 |
| 2015-01-01 to 2015-09-30 | -20,027,877 | 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 2016-09-30 | -21,836,494 | USD | |
| At 2015-12-31 | -21,794,760 | 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 |
|---|---|---|---|
| 2016-07-01 to 2016-09-30 | 5,978,322 | shares | 92 |
| 2016-01-01 to 2016-09-30 | 5,962,938 | shares | 274 |
| 2015-07-01 to 2015-09-30 | 5,937,320 | shares | 92 |
| 2015-01-01 to 2015-09-30 | 5,894,956 | 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 |
|---|---|---|---|
| 2016-07-01 to 2016-09-30 | 5,978,322 | shares | 92 |
| 2016-01-01 to 2016-09-30 | 8,092,196 | shares | 274 |
| 2015-07-01 to 2015-09-30 | 5,937,320 | shares | 92 |
| 2015-01-01 to 2015-09-30 | 5,894,956 | 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 |
|---|---|---|---|
| 2016-07-01 to 2016-09-30 | -0.5 | USD/shares | 92 |
| 2016-01-01 to 2016-09-30 | -0.01 | USD/shares | 274 |
| 2015-07-01 to 2015-09-30 | -0.61 | USD/shares | 92 |
| 2015-01-01 to 2015-09-30 | -0.44 | 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 |
|---|---|---|---|
| 2016-07-01 to 2016-09-30 | -0.5 | USD/shares | 92 |
| 2016-01-01 to 2016-09-30 | 0.13 | USD/shares | 274 |
| 2015-07-01 to 2015-09-30 | -0.61 | USD/shares | 92 |
| 2015-01-01 to 2015-09-30 | -0.44 | 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 |
|---|---|---|---|
| 2016-07-01 to 2016-09-30 | -1,428,130 | USD | 92 |
| 2016-01-01 to 2016-09-30 | 1,478,617 | USD | 274 |
| 2015-07-01 to 2015-09-30 | -2,097,633 | USD | 92 |
| 2015-01-01 to 2015-09-30 | -664,905 | 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 |
|---|---|---|---|
| 2016-07-01 to 2016-09-30 | 162,000 | USD | 92 |
| 2016-01-01 to 2016-09-30 | 213,000 | USD | 274 |
| 2015-07-01 to 2015-09-30 | 176,000 | USD | 92 |
| 2015-01-01 to 2015-09-30 | 208,000 | 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 |
|---|---|---|---|
| 2016-07-01 to 2016-09-30 | 11,983,968 | USD | 92 |
| 2016-01-01 to 2016-09-30 | 32,009,934 | USD | 274 |
| 2015-07-01 to 2015-09-30 | 8,650,149 | USD | 92 |
| 2015-01-01 to 2015-09-30 | 23,149,030 | USD | 273 |
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 2016-09-30 | 2,442,449 | USD | |
| At 2015-12-31 | 1,517,440 | 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 |
|---|---|---|---|
| 2016-07-01 to 2016-09-30 | 31,515 | USD | 92 |
| 2016-01-01 to 2016-09-30 | 244,185 | USD | 274 |
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 |
|---|---|---|---|
| 2016-07-01 to 2016-09-30 | 18,346,473 | USD | 92 |
| 2016-01-01 to 2016-09-30 | 51,165,471 | USD | 274 |
| 2015-07-01 to 2015-09-30 | 14,011,813 | USD | 92 |
| 2015-01-01 to 2015-09-30 | 36,964,579 | 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 2016-09-30 | 5,980,190 | shares | |
| At 2015-12-31 | 5,941,790 | 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 2016-09-30 | 15,226,449 | USD | |
| At 2015-12-31 | 17,149,391 | 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 2016-09-30 | 46,345,466 | USD | |
| At 2015-12-31 | 16,145,414 | 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 |
|---|---|---|---|
| 2016-07-01 to 2016-09-30 | -2,576,339 | USD | 92 |
| 2016-01-01 to 2016-09-30 | 1,062,162 | USD | 274 |
| 2015-07-01 to 2015-09-30 | -3,287,434 | USD | 92 |
| 2015-01-01 to 2015-09-30 | -1,577,954 | 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 |
|---|---|---|---|
| 2016-07-01 to 2016-09-30 | 0 | USD | 92 |
| 2015-01-01 to 2015-12-31 | 0 | USD | 365 |
| 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 |
|---|---|---|---|
| 2016-07-01 to 2016-09-30 | -1,428,130 | USD | 92 |
| 2016-01-01 to 2016-09-30 | 1,478,617 | USD | 274 |
| 2015-07-01 to 2015-09-30 | -1,916,686 | USD | 92 |
| 2015-01-01 to 2015-09-30 | -664,905 | 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
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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"])))