GWG Holdings, Inc. GWGH Income Statement

Gwg holdings, inc. (GWGH)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
REVENUE
Gain on life insurance policies, net
14,445	16,101	17,792	19,929	21,496	-67,035	15,721	23,339	13,868	16,996	14,421	11,296	19,399	-	13,509	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
MCA income
-	-	-	-	-	-	-	-	-	-	-	-	246	-	286	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on life insurance policies, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,383	17,713	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on life insurance contracts, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,189	8,473	16,783	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and other income
19,112	4,735	4,418	4,080	3,721	6,851	5,215	975	672	930	275	371	441	253	124	223	144	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on life settlements, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,296	5,118	5,484	5,516	8,002	5,437	7,733	8,340	7,179	4,788	4,867	601	3,652	3,857	4,936	5,357
Interest and other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	170	45	17	93	90	49	36	10	6	7	-3,233	89	3,274	167	34	5	47	1	19	9	1	30
TOTAL REVENUE
33,557	20,837	22,210	24,010	25,217	-60,183	20,937	24,314	14,541	17,680	14,697	11,667	20,088	16,874	13,920	20,777	17,903	5,952	8,283	8,564	16,832	14,333	5,128	5,491	5,523	8,021	5,527	11,007	8,508	7,213	4,793	4,915	603	3,672	3,866	4,938	5,387
EXPENSES
Interest expense
35,871	31,092	28,289	28,486	26,975	25,125	21,799	17,147	16,063	15,653	13,275	12,246	13,244	12,486	10,942	9,764	9,149	6,369	8,650	7,322	7,176	6,985	6,796	6,608	6,326	5,816	5,537	4,941	4,467	3,257	2,803	2,379	2,438	1,776	2,830	1,968	1,284
Employee compensation and benefits
77,704	7,224	9,136	6,794	5,154	4,879	5,548	3,235	3,742	4,173	3,792	3,741	3,163	3,334	2,912	3,071	2,466	1,829	2,308	2,144	1,727	1,445	1,376	1,178	968	-	-	-	-	-	-	-	-	-	-	-	-
Legal and professional fees
6,163	-	-	-	2,947	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for loan losses
700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Employee compensation and benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,100	1,063	1,937	1,040	745	583	533	677	461	458	483
Legal and professional fees
-	-	2,594	4,721	-	-	1,421	1,155	1,173	1,161	1,657	1,330	946	850	586	1,304	1,206	1,109	822	642	578	834	760	419	325	544	420	351	437	124	250	337	364	602	286	150	160
Provision for MCA advances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment banking services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,595	-	-
Other expenses
3,612	3,580	3,549	5,938	2,828	7,732	2,688	2,832	2,740	3,138	2,799	3,761	2,780	2,768	2,863	2,032	2,412	2,192	2,231	1,881	1,478	1,414	1,453	1,188	759	645	755	1,091	1,033	749	474	703	558	640	375	399	229
TOTAL EXPENSES
124,050	44,457	43,570	45,940	37,904	39,527	31,459	24,372	23,720	24,126	21,523	21,079	20,133	19,739	17,305	16,473	15,233	11,501	14,011	11,991	10,961	10,679	10,386	9,394	8,379	7,948	7,813	7,448	7,875	5,172	4,273	4,003	3,895	3,698	7,550	2,977	2,157
LOSS BEFORE INCOME TAXES
-90,493	-23,620	-21,359	-21,930	-12,687	-99,711	-10,522	-57	-9,178	-6,445	-6,826	-9,411	-45	-2,864	-3,384	4,304	2,670	-5,549	-5,728	-3,427	5,871	3,653	-5,258	-3,903	-2,856	73	-2,285	3,558	632	2,041	520	911	-3,292	-26	-3,683	1,961	3,230
INCOME TAX BENEFIT
-14,507	-	-	-	-	-	-	-	-	4,384	-2,764	-3,717	-0	-1,145	-1,428	1,822	1,084	-2,844	-2,097	-1,176	2,609	1,728	-1,858	-1,316	-954	462	-656	1,801	565	1,089	633	609	-1,139	1,946	-1,417	3,779	0
NET LOSS BEFORE LOSS FROM EQUITY METHOD INVESTMENT
-75,986	-81,553	-21,359	-21,930	-12,687	-99,711	-10,522	-57	-9,178	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from equity method investment
-1,530	-3,705	955	599	-1,927	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET LOSS
-77,516	164,457	-20,403	-21,330	-14,614	-99,693	-10,522	-57	-9,178	-10,830	-4,062	-5,694	-45	-1,719	-1,956	2,482	1,585	-2,704	-3,631	-2,250	3,261	1,925	-3,400	-2,586	-1,901	-389	-1,628	1,756	67	951	-113	301	-2,152	-	-	-	-
Net loss attributable to noncontrolling interests
-32,084	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Preferred stock dividends
3,952	4,137	4,231	4,278	4,296	4,306	4,313	4,338	3,704	5,255	3,548	2,031	1,867	1,383	1,041	600	511	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss attributable to preferred shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	343	344	353	206	-117	-101	-125	-	-	-	-	-	-	-	-	-	-	-	-
Accretion of preferred stock to liquidation value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	191	208	257	-	-	-	340	-	-	-	-
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS
-49,384	160,320	-24,635	-25,609	-18,910	-103,999	-14,835	-4,395	-12,883	-16,085	-7,610	-7,725	-1,912	-3,103	-2,997	1,881	1,074	-5,815	-3,287	-1,905	3,615	2,131	-3,517	-2,687	-2,026	-538	-1,820	1,547	-190	-	-	-	-2,493	-	-	-	-
NET LOSS PER COMMON SHARE
NET (LOSS)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,266	-1,817	3,230
NET INCOME ATTRIBUTABLE TO REDEEMABLE MEMBERS INTEREST
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	143
NET INCOME (LOSS) AVAILABLE TO NONREDEEMABLE MEMBERS INTEREST
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,086
Basic
-1.62	4.86	-0.75	-0.78	-0.57	-16.82	-2.52	-0.76	-2.22	-2.75	-1.31	-1.34	-0.32	-0.53	-0.50	0.32	0.18	-0.88	-0.61	-0.38	0.62	0.55	-0.76	-0.59	-0.44	-	-0.40	0.31	-	-	-	-	-	-	-0.23	-0.20	0.36
Diluted
-1.62	4.75	-0.75	-0.78	-0.57	-16.82	-2.52	-0.76	-2.22	-2.75	-1.31	-1.34	-0.32	-0.51	-0.50	0.30	0.18	-0.72	-0.61	-0.38	0.46	0.55	-0.76	-0.59	-0.44	-	-0.24	0.21	-	-	-	-	-	-	-0.23	-0.20	0.36
Net income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	-	-	-	-0.22	-	-	-	-
Accretion of preferred stock to liquidation value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.03	-	-	-	-0.03	-	-	-	-
Net loss per share attributable to common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.02	-	-	-	-0.25	-	-	-	-
INCOME BEFORE INCOME TAXES
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-26	-3,683	1,961	3,230
INCOME TAX EXPENSE
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10	-1,447	770	1,269
NET INCOME
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-15	-2,236	1,190	1,960
Basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	0.03	-	-0.03	-0.23	0.13	0.22
Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	0.03	-	-0.03	-0.23	0.13	0.22
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
Basic
30,534	33,034	33,033	33,011	32,984	6,871	5,894	5,813	5,813	5,815	5,797	5,777	5,912	5,980	5,978	5,967	5,942	5,942	5,937	5,876	5,870	5,881	4,633	4,562	4,562	-	4,562	4,984	-	-	-	-	-	-	9,870	9,000	9,000
Diluted
30,534	41,848	33,033	33,011	32,984	6,871	5,894	5,813	5,813	5,815	5,797	5,777	5,912	3,930	5,978	8,017	5,942	3,872	5,937	5,876	7,940	5,881	4,633	4,562	4,562	-	7,489	7,511	-	-	-	-	-	-	9,870	9,000	9,000
Basic and diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,989	-	-	-	9,989	-	-	-	-
Basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,978	9,989	-	10,004	9,870	9,000	9,000
Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,978	9,989	-	11,765	9,870	9,000	9,000