Skip to content

GWG Holdings, Inc.: 10-Q filed 2019-09-03

What GWG Holdings, Inc. reported in its quarterly report filed 2019-09-03 (fiscal Q2 2019): 29 published measures, 91 facts as tagged in accession 0001213900-19-017088.

This filing

Form
10-Q (quarterly report)
Filed
2019-09-03
Fiscal period
fiscal Q2 2019
Accession
0001213900-19-017088 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.

PeriodValueUnitDays
At 2019-06-301,541,223,852USD
At 2018-12-311,480,867,051USD

Total liabilities

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

PeriodValueUnitDays
At 2019-06-301,307,690,147USD
At 2018-12-311,199,809,169USD

Stockholders equity

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

PeriodValueUnitDays
At 2019-06-30233,533,705USD
At 2019-03-31261,257,938USD
At 2018-12-31281,057,882USD
At 2018-06-30172,022,351USD
At 2018-03-31163,746,987USD
At 2017-12-31133,671,743USD

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.

PeriodValueUnitDays
At 2019-06-3071,548,248USD
At 2018-12-31114,587,084USD
At 2018-06-30124,400,000USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

PeriodValueUnitDays
2019-04-01 to 2019-06-30-21,330,889USD91
2019-01-01 to 2019-06-30-35,944,581USD181
2018-04-01 to 2018-06-30-57,106USD91
2018-01-01 to 2018-06-30-9,235,646USD181

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

PeriodValueUnitDays
2019-04-01 to 2019-06-30-37,704,254USD91
2019-01-01 to 2019-06-30-64,006,788USD181
2018-04-01 to 2018-06-30-28,150,453USD91
2018-01-01 to 2018-06-30-48,977,017USD181

Revenue

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

PeriodValueUnitDays
2019-04-01 to 2019-06-3024,010,375USD91
2019-01-01 to 2019-06-3049,227,315USD181
2018-04-01 to 2018-06-3024,314,948USD91
2018-01-01 to 2018-06-3038,856,620USD181

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

PeriodValueUnitDays
2019-04-01 to 2019-06-30-1,305,122USD91
2019-01-01 to 2019-06-3092,948,737USD181
2018-04-01 to 2018-06-3025,581,993USD91
2018-01-01 to 2018-06-3081,619,075USD181

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

PeriodValueUnitDays
2019-04-01 to 2019-06-30-58,802,023USD91
2019-01-01 to 2019-06-30-77,493,486USD181
2018-04-01 to 2018-06-30-24,100,590USD91
2018-01-01 to 2018-06-30-44,317,121USD181

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

PeriodValueUnitDays
At 2019-06-30-220,554,924USD
At 2018-12-31-184,610,343USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

PeriodValueUnitDays
2019-04-01 to 2019-06-3033,011,603shares91
2019-01-01 to 2019-06-3032,998,246shares181
2018-04-01 to 2018-06-305,813,555shares91
2018-01-01 to 2018-06-305,813,555shares181

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.

PeriodValueUnitDays
2019-04-01 to 2019-06-3033,011,603shares91
2019-01-01 to 2019-06-3032,998,246shares181
2018-04-01 to 2018-06-305,813,555shares91
2018-01-01 to 2018-06-305,813,555shares181

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.

PeriodValueUnitDays
2019-04-01 to 2019-06-30-0.78USD/shares91
2019-01-01 to 2019-06-30-1.35USD/shares181
2018-04-01 to 2018-06-30-0.76USD/shares91
2018-01-01 to 2018-06-30-2.97USD/shares181

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.

PeriodValueUnitDays
2019-04-01 to 2019-06-30-0.78USD/shares91
2019-01-01 to 2019-06-30-1.35USD/shares181
2018-04-01 to 2018-06-30-0.76USD/shares91
2018-01-01 to 2018-06-30-2.97USD/shares181

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

PeriodValueUnitDays
At 2019-06-301,400,000USD
At 2018-12-311,500,000USD

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.

PeriodValueUnitDays
2019-04-01 to 2019-06-30-169,278USD91
2019-01-01 to 2019-06-30664,531USD181
2018-04-01 to 2018-06-3047,480USD91
2018-01-01 to 2018-06-30260,404USD181

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

PeriodValueUnitDays
2019-04-01 to 2019-06-3028,486,953USD91
2019-01-01 to 2019-06-3055,461,941USD181
2018-04-01 to 2018-06-3017,147,850USD91
2018-01-01 to 2018-06-3033,211,187USD181

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

PeriodValueUnitDays
At 2019-06-303,910,742USD
At 2018-12-319,276,507USD

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.

PeriodValueUnitDays
2019-04-01 to 2019-06-3045,940,975USD91
2019-01-01 to 2019-06-3083,844,864USD181
2018-04-01 to 2018-06-3024,372,054USD91
2018-01-01 to 2018-06-3048,092,266USD181

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.

PeriodValueUnitDays
At 2019-06-3033,033,416shares
At 2018-12-3133,018,161shares

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.

PeriodValueUnitDays
At 2019-06-30241,317,803USD
At 2018-12-31249,662,168USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

PeriodValueUnitDays
At 2019-01-02900,000USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

PeriodValueUnitDays
At 2019-06-301,540,000USD

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.

PeriodValueUnitDays
At 2019-06-3073,000USD
At 2018-12-31102,000USD

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.

PeriodValueUnitDays
2019-04-01 to 2019-06-30-25,609,107USD91
2019-01-01 to 2019-06-30-44,519,113USD181
2018-04-01 to 2018-06-30-4,395,593USD91
2018-01-01 to 2018-06-30-17,278,617USD181

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

PeriodValueUnitDays
2019-04-01 to 2019-06-30445,000USD91
2019-01-01 to 2019-06-30943,000USD181
2018-04-01 to 2018-06-30603,000USD91
2018-01-01 to 2018-06-301,145,000USD181

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

PeriodValueUnitDays
2019-04-01 to 2019-06-3025,830,000USD91
2019-01-01 to 2019-06-3049,434,000USD181
2018-04-01 to 2018-06-3013,776,000USD91
2018-01-01 to 2018-06-3027,251,000USD181

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.

PeriodValueUnitDays
2019-04-01 to 2019-06-30326,306USD91
2019-01-01 to 2019-06-3057,518USD181

Operating lease payments

Cash paid for operating lease liabilities during the period. It differs from lease expense recognized and excludes variable payments in some presentations.

PeriodValueUnitDays
2019-04-01 to 2019-06-3069,000USD91
2019-01-01 to 2019-06-30137,000USD181

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.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

Use this in research

A financial period ends before its results become public. Use the filing date as a minimum availability boundary, inspect amendments, and retain the original filing vintage when testing historical signals. This latest-filed selection can contain information unavailable at the time.

These pages do not supply prices, total-return histories, corporate-action adjustments or a tradable universe. Build those inputs separately before evaluating a strategy. A profitable backtest can still reflect selection bias or costs that were left out.

Research methodology · Execution and cost assumptions · Check backtest overfitting

Build with the open-source tools

Use these accounting records as inspectable inputs. When you have constructed a return series, the validation tools can help test its statistical evidence and preserve the result with its limitations.

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"])))