Gwg holdings, inc. (GWGH)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11
ASSETS
Cash and cash equivalents

116,432

79,073

65,680

71,548

154,384

114,587

117,873

124,444

141,212

114,421

115,345

52,293

49,933

78,486

18,773

17,379

10,998

34,425

28,452

38,198

36,190

30,662

29,511

23,059

28,083

33,449

32,429

38,240

34,551

27,497

18,264

11,094

4,548

1,878

Restricted cash

26,446

20,258

8,204

5,336

20,311

10,849

-

-

-

28,349

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

3,069

6,651

16,552

-

5,819

46,159

48,091

37,826

15,688

11,160

19,828

2,341

7,271

7,923

11,333

4,296

2,144

2,810

2,853

5,832

3,509

4,463

6,624

2,093

1,424

4,851

1,569

4,794

Due from related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8

-

-

-

2

Investment in life insurance policies, at fair value

802,181

796,039

807,518

799,266

782,184

747,922

791,468

726,063

687,389

650,527

620,097

577,049

545,396

511,192

477,585

431,820

387,402

356,649

329,562

301,498

278,395

282,883

276,381

267,895

254,503

234,672

214,166

193,891

185,020

164,317

147,828

133,848

128,112

122,168

Secured MCA advances

-

-

-

-

-

-

-

-

1,639

-

2,623

3,525

5,005

5,703

6,113

4,328

4,235

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred financing costs, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,569

-

-

-

357

-

-

-

97

-

-

-

329

Life insurance policy benefits receivable, net

15,330

23,031

17,369

5,576

9,200

16,461

10,472

27,035

12,302

16,658

14,597

6,970

8,975

5,345

6,129

6,829

15,912

0

357

2,500

19,640

1,750

-

-

-

0

-

-

-

-

-

-

-

-

Loans receivable, net of unearned income

219,296

232,344

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Allowance for loan losses

700

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans receivable, net

218,596

232,344

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fees receivable

30,453

29,168

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financing receivables from affiliates

68,290

67,153

241,185

238,678

186,738

184,769

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financing receivable from affiliate

-

-

-

-

-

-

366,871

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity method investments

-

-

370,652

369,696

359,096

360,842

42,069

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred taxes, net

-

-

-

-

-

-

-

-

-

-

4,384

1,620

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Death benefits receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,850

-

-

-

-

Deferred financing costs, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

271

-

Other assets

33,906

30,135

50,391

51,121

50,116

45,437

9,836

10,841

7,402

8,898

3,824

3,875

3,317

4,688

3,131

3,510

3,224

2,461

5,882

6,623

5,753

1,909

3,453

2,822

2,136

1,067

5,847

7,041

2,776

1,085

884

487

131

215

Goodwill

2,372,595

2,358,005

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

TOTAL ASSETS

3,684,229

3,635,206

1,561,000

1,541,223

1,562,032

1,480,867

1,341,661

895,035

866,499

818,856

766,692

691,494

660,719

643,242

527,420

475,028

441,601

395,877

371,526

356,743

351,312

323,070

311,492

296,588

287,577

275,380

255,953

243,638

228,972

197,948

168,402

150,282

134,633

129,389

LIABILITIES & STOCKHOLDERS' EQUITY
LIABILITIES
Amended and Restated Senior credit facility with LNV Corporation

-

-

-

-

-

-

-

-

-

212,238

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Senior credit facility with LNV Corporation

188,793

174,390

131,717

129,936

146,868

148,978

162,469

180,630

209,447

-

201,978

149,008

153,387

156,064

63,699

77,475

82,304

63,279

65,011

65,011

72,161

72,161

-

-

-

79,000

-

-

-

-

-

-

-

-

Revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

79,000

79,000

79,000

-

79,000

79,000

79,000

71,000

66,000

66,000

62,500

60,000

Series I Secured Notes

-

-

-

-

-

-

-

-

-

-

0

6,680

11,000

16,404

17,553

17,965

18,226

23,287

23,566

24,347

26,498

27,616

27,701

28,051

28,602

29,275

32,038

34,505

36,673

37,844

39,221

40,821

43,758

48,179

L Bonds

-

-

-

-

-

-

570,199

518,788

469,729

-

413,060

400,832

383,315

381,312

379,858

327,322

301,924

276,482

243,126

223,118

205,038

182,782

-

-

-

131,646

-

-

-

-

-

-

-

-

Seller Trust L Bonds

-

-

-

-

-

-

403,234

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes payable to related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,760

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

-

-

-

-

-

-

-

-

-

-

3,715

4,160

2,684

-

2,442

2,529

2,119

1,517

-

-

-

1,203

-

-

-

839

-

-

-

470

-

-

-

435

L Bonds

1,009,781

926,638

830,341

782,447

756,397

651,403

-

-

-

447,393

-

-

-

-

-

-

-

-

-

-

-

-

169,186

157,513

145,989

-

110,059

93,684

77,759

55,718

32,112

15,091

3,061

-

Seller Trust L Bonds

366,892

366,892

366,891

366,891

366,891

366,892

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other borrowings

152,597

153,086

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

-

-

2,570

3,910

6,079

-

2,579

2,626

3,611

6,394

-

-

-

2,226

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

370

-

Interest and dividends payable

22,403

16,516

16,726

17,632

18,506

18,555

18,748

16,936

15,896

15,427

-

-

-

16,160

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

39,651

41,444

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other accrued expenses

-

-

6,700

6,870

6,030

-

3,272

4,031

4,066

3,730

-

-

-

1,676

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Interest payable

-

-

-

-

-

-

-

-

-

-

13,521

14,387

16,287

-

13,633

13,323

12,915

12,340

11,377

11,593

11,404

11,128

9,768

9,730

8,399

7,209

6,331

5,771

5,213

3,477

2,870

2,315

2,132

1,887

Other accrued expenses

-

-

-

-

-

-

-

-

-

-

2,792

2,535

1,991

-

645

1,355

1,397

1,060

-

-

-

514

2,069

-

-

504

-

-

-

1,291

-

-

-

968

Accounts payable and accrued expenses

21,139

27,836

-

-

-

13,981

-

-

-

-

-

-

-

-

-

-

-

-

3,063

2,071

2,886

-

-

1,714

1,293

-

1,604

1,642

1,652

-

2,243

1,229

-

-

Deferred tax liability, net

40,206

57,923

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,320

-

Deferred taxes, net

-

-

-

-

-

-

-

-

-

-

0

0

2,096

2,097

3,242

4,670

2,819

1,763

4,608

6,525

7,455

5,273

3,545

5,403

6,720

7,675

7,212

7,868

6,065

5,501

4,411

3,778

3,168

4,308

TOTAL LIABILITIES

1,841,462

1,764,725

1,354,948

1,307,690

1,300,774

1,199,809

1,160,504

723,013

702,752

685,184

635,068

577,604

570,764

575,943

481,075

444,643

423,467

379,732

350,754

332,667

325,443

300,680

291,271

281,412

270,004

256,149

236,246

222,472

206,364

175,303

146,859

129,236

116,312

115,779

Redeemable noncontrolling interests

1,241,641

1,269,654

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

STOCKHOLDERS' EQUITY
COMMITMENTS AND CONTINGENCIES (NOTES 13 AND 14)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

0

CONVERTIBLE PREFERRED STOCK (par value $0.001; shares authorized 40,000,000; shares outstanding 2,671,663 and 2,640,521; liquidation preference of $20,037,000 and $19,804,000 as of June 30, 2017 and December 31, 2016, respectively)

-

-

-

-

-

-

-

-

-

-

-

19,732

19,771

-

19,772

20,445

20,274

20,784

20,623

20,559

20,712

20,527

20,217

25,309

25,036

24,722

24,660

24,322

24,060

23,905

23,391

22,512

-

12,661

REDEEMABLE PREFERRED STOCK (par value $0.001; shares authorized 100,000; shares outstanding 69,756 and 84,636; liquidation preference of $70,163 and $85,130 as of March 31, 2020 and December 31, 2019, respectively)

59,142

74,023

81,509

84,188

86,340

86,910

86,920

88,997

90,915

92,840

96,106

97,728

87,130

59,025

33,176

12,212

1,369

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

SERIES 2 REDEEMABLE PREFERRED STOCK (par value $0.001; shares authorized 150,000; shares outstanding 146,812 and 147,164; liquidation preference of $147,668 and $148,023 as of March 31, 2020 and December 31, 2019, respectively)

127,516

127,868

128,307

128,548

128,813

129,063

129,147

131,704

121,454

80,275

44,721

20,979

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

SERIES B CONVERTIBLE PREFERRED STOCK (par value $0.001; stated value $10; shares authorized and outstanding 5,000,000)

-

-

-

-

-

-

50,000

-

-

-

19,408

-

-

19,701

-

71

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

CONVERTIBLE, REDEEMABLE PREFERRED STOCK (par value $0.001; shares authorized 40,000,000; shares issued and outstanding 2,901,464 and 1,881,329; liquidation preference of $21,760,980 and $14,108,772, respectively)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,845

-

COMMON STOCK (par value $0.001; shares authorized 210,000,000; shares issued and outstanding 30,535,249 and 30,533,793 as of March 31, 2020 and December 31, 2019, respectively)

33

33

33

33

32

33

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

4

9

4

9

9

9

9

0

9

9

9

Common stock in treasury, at cost (2,500,000 shares as of both March 31, 2020 and December 31, 2019)

24,550

24,550

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additional paid-in capital

229,207

233,106

237,159

241,317

245,294

249,662

-

0

0

-

0

0

1,908

7,383

15,226

16,488

17,204

14,563

17,163

16,900

16,290

16,257

16,323

2,787

2,867

2,942

3,085

3,253

6,714

6,971

7,335

7,605

7,848

8,169

Accumulated deficit

-121,933

-76,501

-240,958

-220,554

-199,224

-184,610

-84,916

-48,685

-48,628

-39,449

-28,619

-24,556

-18,862

-18,817

-21,836

-18,839

-20,720

-19,209

-17,021

-13,390

-11,139

-14,401

-16,326

-12,926

-10,339

-8,438

-8,048

-6,419

-8,176

-8,243

-9,195

-9,081

-9,383

-7,230

TOTAL GWG HOLDINGS STOCKHOLDERS' EQUITY

269,415

333,979

206,052

233,533

261,257

281,058

181,157

172,022

163,746

133,671

131,624

113,889

89,954

67,298

46,345

30,384

18,134

16,145

20,771

24,075

25,868

22,389

20,220

-10,134

-7,463

-5,492

-4,953

-3,157

-1,452

-1,261

-

-

-

948

Noncontrolling interests

331,711

266,848

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

TOTAL STOCKHOLDERS' EQUITY

601,126

600,827

-

-

-

281,058

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,849

-1,466

-1,524

-

TOTAL LIABILITIES & STOCKHOLDERS' EQUITY

3,684,229

3,635,206

1,561,000

1,541,223

1,562,032

1,480,867

1,341,661

895,035

866,499

818,856

766,692

691,494

660,719

643,242

527,420

475,028

441,601

395,877

371,526

356,743

351,312

323,070

311,492

296,588

287,577

275,380

255,953

243,638

228,972

197,948

168,402

150,282

134,633

129,389