GWG Holdings, Inc. GWGH Income Statement

Gwg holdings, inc. (GWGH)

Income statement / TTM

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
68,269	75,320	-7,816	-9,887	-6,477	-14,105	69,926	68,626	56,583	62,114	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
MCA income
-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on life insurance policies, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on life insurance contracts, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and other income
32,347	16,956	19,071	19,868	16,763	13,715	7,794	2,854	2,250	2,019	1,342	1,191	1,043	746	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on life settlements, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30,416	24,121	24,441	26,689	29,513	28,690	28,041	25,175	17,436	13,910	12,979	13,048	17,804	0	0	0
Interest and other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	327	247	251	269	186	102	60	-3,209	-3,129	138	298	3,566	3,482	255	89	74	77	31	60	0	0	0
TOTAL REVENUE
100,616	92,276	11,254	9,980	10,285	-390	77,474	71,234	58,587	64,133	63,327	62,551	71,661	69,477	58,554	52,916	40,703	39,632	48,013	44,858	41,785	30,476	24,165	24,564	30,080	33,064	32,256	31,523	25,430	17,525	13,984	13,056	13,080	17,864	0	0	0
EXPENSES
Interest expense
123,740	114,844	108,877	102,386	91,047	80,136	70,664	62,140	57,238	54,419	51,252	48,919	46,438	42,343	36,226	33,933	31,491	29,518	30,134	28,281	27,566	26,716	25,547	24,288	22,621	20,762	18,203	15,469	12,907	10,878	9,397	9,425	9,014	7,860	0	0	0
Employee compensation and benefits
100,859	28,309	25,964	22,376	18,818	17,407	16,700	14,943	15,449	14,869	14,030	13,150	12,481	11,784	10,279	9,675	8,748	8,010	7,626	6,694	5,728	4,969	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Legal and professional fees
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for loan losses
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Employee compensation and benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,142	4,787	4,307	2,903	2,540	2,256	2,132	2,081	0	0	0
Legal and professional fees
-	-	12,053	10,880	-	-	4,912	5,148	5,322	5,095	4,784	3,713	3,687	3,947	4,206	4,442	3,780	3,152	2,877	2,815	2,592	2,339	2,048	1,709	1,642	1,754	1,334	1,164	1,149	1,076	1,554	1,590	1,404	1,200	0	0	0
Provision for MCA advances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment banking services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-
Other expenses
16,680	15,896	20,048	19,188	16,082	15,995	11,400	11,510	12,438	12,478	12,109	12,173	10,445	10,076	9,500	8,869	8,717	7,784	7,006	6,228	5,535	4,815	4,046	3,348	3,251	3,525	3,628	3,348	2,960	2,486	2,378	2,279	1,975	1,646	0	0	0
TOTAL EXPENSES
258,019	171,873	166,942	154,831	133,262	119,079	103,678	93,742	90,449	86,863	82,476	78,258	73,652	68,752	60,513	57,219	52,738	48,465	47,644	44,019	41,422	38,841	36,109	33,536	31,590	31,085	28,310	24,770	21,325	17,345	15,871	19,147	18,121	16,383	0	0	0
LOSS BEFORE INCOME TAXES
-157,403	-79,597	-155,688	-144,850	-122,977	-119,469	-26,203	-22,508	-31,862	-22,729	-19,148	-15,706	-1,990	725	-1,958	-4,303	-12,034	-8,833	368	839	362	-8,364	-11,944	-8,972	-1,510	1,978	3,946	6,752	4,105	180	-1,886	-6,090	-5,040	1,481	0	0	0
INCOME TAX BENEFIT
0	-	-	-	-	-	-	-	-	-2,097	-7,627	-6,291	-751	333	-1,366	-2,035	-5,034	-3,509	1,063	1,302	1,162	-2,401	-3,666	-2,465	653	2,173	2,800	4,090	2,898	1,193	2,050	-0	3,168	4,308	0	0	0
NET LOSS BEFORE LOSS FROM EQUITY METHOD INVESTMENT
-200,829	-137,530	-155,688	-144,850	-122,977	-119,469	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from equity method investment
-3,680	-4,077	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET LOSS
45,207	108,109	-156,041	-146,160	-124,886	-119,451	-30,588	-24,128	-29,765	-20,632	-11,521	-9,415	-1,238	391	-592	-2,267	-7,000	-5,324	-694	-463	-799	-5,962	-8,277	-6,506	-2,163	-194	1,146	2,662	1,207	-1,012	0	0	0	-	-	-	-
Net loss attributable to noncontrolling interests
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Preferred stock dividends
16,599	16,943	17,112	17,194	17,254	16,663	17,611	16,846	14,539	12,702	8,830	6,323	4,893	3,537	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss attributable to preferred shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,247	786	340	-138	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Accretion of preferred stock to liquidation value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	0	-	-	-	-
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS
60,692	91,166	-173,154	-163,354	-142,140	-136,114	-48,199	-40,974	-44,304	-33,334	-20,352	-15,739	-6,132	-3,145	-5,857	-6,147	-9,934	-7,393	553	323	-459	-6,101	-8,770	-7,073	-2,837	-1,001	0	0	0	-	-	-	0	-	-	-	-
NET LOSS PER COMMON SHARE
NET (LOSS)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
NET INCOME ATTRIBUTABLE TO REDEEMABLE MEMBERS INTEREST
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
NET INCOME (LOSS) AVAILABLE TO NONREDEEMABLE MEMBERS INTEREST
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
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
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,481	0	0	0
INCOME TAX EXPENSE
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	582	0	0	0
NET INCOME
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	899	0	0	0
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