WESTWOOD HOLDINGS GROUP, INC. WHG Income Statement

Westwood holdings group, inc. (WHG)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Amortization of intangible assets
1,726	1,672	1,872	-	-	-	-	-	-	-	-
REVENUES:
Asset-based
-	-	-	-	99,275	88,473	70,027	57,936	54,246	42,153	31,794
Performance-based
-	-	-	-	2,698	3,806	2,561	1,251	991	-	-
Trust fees
-	-	-	-	28,795	20,525	18,367	14,969	13,453	12,051	10,304
Other Revenue, Net
799	996	1,552	581	-	-	-	-	-	-	-
Other, net
-	-	-	-	168	437	870	3,339	219	1,109	455
Total revenues
84,079	122,300	133,785	123,021	130,936	113,241	91,825	77,495	68,909	55,313	42,553
EXPENSES:
Employee compensation and benefits
50,152	59,959	64,955	61,509	63,562	52,847	47,864	43,698	35,081	29,001	23,730
Sales and marketing
2,068	1,936	2,042	1,919	1,839	1,673	1,252	1,132	994	823	576
Westwood mutual funds
3,097	3,808	3,938	3,155	3,435	2,543	2,153	1,153	790	662	600
Information technology
8,426	9,103	7,785	7,735	5,732	3,469	2,882	2,555	2,054	1,351	1,221
Professional services
4,322	4,783	5,916	5,622	5,617	4,905	4,223	4,420	2,981	2,941	1,531
Litigation Settlement, Expense
0	5,000	4,009	0	0	-	-	-	-	-	-
General and administrative
9,516	9,564	9,652	9,433	8,531	5,768	5,266	4,517	3,900	2,814	2,577
Foreign Currency Transaction Gain (Loss), before Tax
1,900	2,800	1,600	362	-	-	-	-	-	-	-
Total expenses
79,435	86,362	99,892	89,011	88,716	71,205	63,640	57,475	-	-	-
Operating Income (Loss)
4,644	35,938	33,893	34,010	-	-	-	-	-	-	-
Unrealized gains (losses) on private investments
3,296	-	-	-	-	-	-	-	-	-	-
Gain on sale of operations
0	500	0	0	-	-	-	-	-	-	-
Other Income
144	-	-	-	-	-	-	-	-	-	-
Income (loss) before income taxes
9,402	36,462	33,893	34,010	42,220	42,036	28,185	20,020	-	-	-
Total expenses
-	-	-	-	-	-	-	-	45,800	37,592	30,235
Income before income taxes
-	-	-	-	-	-	-	-	23,109	17,721	12,318
Income tax expense (benefit)
3,491	9,711	13,904	11,363	15,115	14,787	10,348	7,934	8,423	6,441	4,423
Net income
5,911	26,751	19,989	22,647	27,105	27,249	17,837	12,086	14,686	11,280	7,895
Other comprehensive income (loss):
Change in unrealized gain on investment securities
-	-	-	-	-	-	-	-40	1,014	-633	1,559
Less: reclassification adjustment for net gains included in earnings
-	-	-	-	-	-	-	1,900	-	-	-
Net change (net of income taxes of $0, $0 and ($1,058), respectively)
-	-	-	-	-	-	-	-1,940	-	-	-
Foreign currency translation adjustments
1,940	-3,119	2,523	401	-3,457	-974	-287	30	-	-	-
Other comprehensive income (loss)
1,940	-3,119	2,523	401	-3,457	-974	-287	-1,910	-	-	-
Net change (net of income taxes of $0, (1,058) and $560, respectively)
-	-	-	-	-	-	-	-	1,014	-633	-
Other comprehensive income (loss)
-	-	-	-	-	-	-	-	1,014	-633	-
Total comprehensive income (loss)
7,851	23,632	22,512	23,048	23,648	26,275	17,550	10,176	15,700	10,647	-
Earnings per share:
Total comprehensive income
-	-	-	-	-	-	-	-	-	-	9,454
Basic (dollars per share)
0.70	3.20	2.45	2.84	3.49	3.63	2.43	1.69	2.11	1.62	1.10
Diluted (dollars per share)
0.70	3.13	2.38	2.77	3.33	3.45	2.32	1.65	2.04	1.58	1.09
Weighted average shares outstanding:
Basic (shares)
8,408	8,365	8,147	7,961	7,756	7,512	7,331	7,145	6,970	6,606	-
Diluted (shares)
8,463	8,547	8,400	8,165	8,149	7,906	7,692	7,307	7,208	6,795	-
Investment Income, Investment Expense
1,318	-	-	-	-	-	-	-	-	-	-
Asset Management [Member]
Revenue from Contract with Customer, Including Assessed Tax
57,033	89,367	99,201	91,492	-	-	-	-	-	-	-
Investment Performance [Member]
Revenue from Contract with Customer, Including Assessed Tax
764	2,984	1,411	635	-	-	-	-	-	-	-
Fiduciary and Trust [Member]
Revenue from Contract with Customer, Including Assessed Tax
25,483	28,953	31,621	30,313	-	-	-	-	-	-	-
General and Administrative Expense [Member]
Amortization of intangible assets
1,726	1,700	1,900	-	-	-	-	-	-	-	-