Westwood holdings group, inc. (WHG)
Income statement / Quarterly
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'11Sep'11Jun'11Mar'11Sep'10Jun'10
REVENUES:
Asset-based

-

-

-

-

-

-

-

-

-

-

25,334

24,496

23,789

-

23,447

22,666

21,815

22,948

24,940

27,458

23,929

23,132

22,857

22,095

20,389

20,038

17,956

16,486

15,547

15,259

14,485

14,102

14,090

13,212

13,376

14,334

13,324

10,157

10,220

Performance-based

-

-

-

-

-

-

-

-

-

-

0

1,031

386

-

226

409

0

492

0

1,918

288

0

0

3,443

363

-

26

2,535

-

-

69

1,182

-

-

-

991

-

-

-

Trust fees

-

-

-

-

-

-

-

-

-

-

7,858

7,917

7,795

-

7,690

7,643

7,465

7,751

7,973

7,921

5,150

5,064

5,282

5,151

5,028

4,904

4,672

4,574

4,217

4,026

3,715

3,757

3,471

3,156

3,468

3,472

3,357

2,834

3,107

Other Revenue, Net

-384

-681

293

450

737

43

640

173

140

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-

-

-

-

-

-

-

-

-

-

300

312

653

-

414

305

-151

375

-462

14

241

69

-17

216

169

310

344

-120

336

1,339

672

1,025

303

625

-796

62

328

482

-133

Total revenues

16,669

18,616

19,892

21,709

23,862

26,119

29,854

32,760

33,567

33,914

33,492

33,756

32,623

31,092

31,777

31,023

29,129

31,566

32,451

37,311

29,608

28,265

28,122

30,905

25,949

25,252

22,998

23,475

20,100

20,624

18,941

20,066

17,864

16,993

16,048

18,859

17,009

13,473

13,194

EXPENSES:
Employee compensation and benefits

12,668

12,092

12,072

11,378

14,610

13,102

14,444

14,654

17,759

16,080

15,601

15,557

17,717

14,270

15,637

15,108

16,494

16,055

15,686

16,512

15,309

13,821

13,309

12,865

12,852

11,606

12,508

11,907

11,843

11,502

11,397

11,885

8,914

7,997

8,295

10,134

8,655

7,296

7,355

Sales and marketing

478

518

506

514

530

535

549

409

443

595

457

513

477

496

408

687

328

529

419

496

395

581

430

375

287

305

326

334

287

309

350

261

212

328

221

247

198

181

255

Westwood mutual funds

515

674

916

661

846

842

979

1,002

985

1,189

977

909

863

873

755

831

696

842

865

901

827

578

591

722

652

688

599

462

404

377

292

275

209

267

34

233

256

83

118

Information technology

2,031

2,150

2,017

2,282

1,977

2,350

2,332

2,383

2,038

2,291

1,855

1,883

1,756

1,696

1,874

2,201

1,964

1,647

1,626

1,422

1,037

933

807

1,014

715

858

690

678

656

681

649

629

596

551

503

542

458

328

322

Professional services

1,193

1,064

940

1,169

1,149

1,106

1,372

1,277

1,028

1,421

1,681

1,318

1,496

915

1,903

1,158

1,646

1,336

1,178

1,031

2,072

1,351

983

1,189

1,382

1,257

887

1,077

1,002

739

739

2,063

879

543

710

793

935

817

527

Litigation Settlement, Expense

-

-

-

-

-

-

-

-

-

-

4,009

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative

2,306

2,363

2,317

2,402

2,434

2,265

2,431

2,454

2,414

955

3,160

2,993

2,544

2,405

2,147

2,526

2,355

2,569

2,175

2,197

1,590

1,526

1,410

1,384

1,448

1,543

1,250

1,284

1,189

1,163

1,183

1,201

970

1,030

988

994

888

657

677

Foreign Currency Transaction Gain (Loss), before Tax

2,938

3,042

402

-724

-820

1,978

-596

355

1,063

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total expenses

16,253

19,573

18,366

19,130

22,366

18,231

22,703

21,824

23,604

24,126

27,740

23,173

24,853

20,293

22,724

22,511

23,483

22,978

21,949

22,559

21,230

18,790

17,530

17,549

17,336

-

16,260

15,742

-

-

-

-

-

-

-

-

-

-

-

Operating Income (Loss)

416

-957

1,526

2,579

1,496

7,888

7,151

10,936

9,963

9,788

5,752

10,583

7,770

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized gains (losses) on private investments

-995

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of operations

-

-

0

0

-

-24

0

0

524

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Income

34

34

33

77

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of operations

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) before income taxes

-1

3,691

1,559

2,656

1,496

7,888

7,151

10,936

10,487

9,788

5,752

10,583

7,770

10,799

9,053

8,512

5,646

8,588

10,502

14,752

8,378

9,475

10,592

13,356

8,613

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,381

-

14,610

16,314

11,780

10,716

10,751

12,943

11,390

9,362

9,254

Income before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,738

7,733

4,719

-

4,331

3,752

6,084

6,277

5,297

5,916

5,619

4,111

3,940

Income tax expense (benefit)

-1,103

1,150

442

795

1,104

2,475

1,783

2,944

2,509

6,891

1,620

3,687

1,706

3,222

3,166

2,851

2,124

3,901

3,489

4,957

2,768

3,497

3,474

4,765

3,051

3,171

2,437

2,854

1,886

2,254

1,827

1,554

2,299

2,160

2,014

2,179

2,070

1,512

1,447

Net income

1,102

2,541

1,117

1,861

392

5,413

5,368

7,992

7,978

2,897

4,132

6,896

6,064

7,577

5,887

5,661

3,522

4,687

7,013

9,795

5,610

5,978

7,118

8,591

5,562

5,824

4,301

4,879

2,833

3,599

2,504

2,198

3,785

4,117

3,283

3,737

3,549

2,599

2,493

Other comprehensive income (loss):
Change in unrealized gain on investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

361

0

34

-435

297

10

171

536

-

-

Foreign currency translation adjustments

-3,242

856

-482

735

831

-2,057

616

-479

-1,199

85

1,297

934

207

-606

-453

157

1,303

-916

-1,386

233

-1,388

-374

-578

332

-354

-

104

-158

-

-

-

-

-

-

-

-

-

-

-

Less: reclassification adjustment for net gains included in earnings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-908

-

-

-

-

-

-

-

Net change (net of income taxes of $0, (1,058) and $560, respectively)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-874

-

-

-

-

-

-

-

Foreign currency translation adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-77

-

-

-

-

-

-

-

-

-

-

Foreign currency translation adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

78

-

-

-

-

-

-

-

-

Foreign currency translation loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18

-

-

-

-

-

-

-

Total comprehensive income (loss)

-2,140

3,397

635

2,596

1,223

3,356

5,984

7,513

6,779

2,982

5,429

7,830

6,271

6,971

5,434

5,818

4,825

3,771

5,627

10,028

4,222

5,604

6,540

8,923

5,208

5,668

4,405

4,721

2,756

2,938

2,582

1,306

3,350

4,414

3,293

3,908

4,085

-

-

Earnings per share:
Basic (dollars per share)

0.13

0.30

0.13

0.22

0.05

0.65

0.64

0.95

0.96

0.35

0.51

0.84

0.75

0.94

0.74

0.71

0.45

0.60

0.90

1.25

0.74

0.80

0.95

1.14

0.74

0.80

0.58

0.66

0.39

0.50

0.35

0.31

0.53

0.60

0.47

0.53

0.51

0.39

0.34

Diluted (dollars per share)

0.13

0.30

0.13

0.22

0.05

0.64

0.62

0.94

0.93

0.33

0.49

0.83

0.73

0.92

0.72

0.69

0.44

0.52

0.87

1.23

0.71

0.69

0.92

1.12

0.72

0.72

0.57

0.65

0.38

0.49

0.34

0.30

0.52

0.56

0.46

0.52

0.50

0.38

0.34

Weighted average shares outstanding:
Basic (shares)

8,414

8,389

8,432

8,446

8,363

8,388

8,402

8,399

8,270

8,186

8,171

8,167

8,065

7,989

7,995

8,000

7,862

7,816

7,808

7,806

7,596

7,526

7,525

7,523

7,474

7,315

7,374

7,349

7,287

7,166

7,166

7,162

7,087

-

-

-

-

-

-

Diluted (shares)

8,458

8,450

8,470

8,476

8,455

8,508

8,598

8,543

8,539

8,551

8,420

8,316

8,311

8,261

8,179

8,172

8,047

8,738

8,037

7,961

7,861

8,461

7,734

7,679

7,751

8,196

7,597

7,495

7,481

7,385

7,323

7,250

7,268

-

-

-

-

-

-

Investment Income, Investment Expense

544

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash dividends declared per share (dollars per share)

-

-

-

-

-

-

-

-

-

-

0.62

0.62

0.62

-

0.57

0.57

0.57

-

0.50

0.50

0.50

-

0.44

0.44

0.44

-

-

-

-

-

-

-

-

-

0.35

0.35

0.35

0.33

0.33

Asset Management [Member]
Revenue from Contract with Customer, Including Assessed Tax

11,102

12,768

13,164

14,695

16,406

19,388

22,023

23,473

24,483

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment Performance [Member]
Revenue from Contract with Customer, Including Assessed Tax

0

310

154

120

180

0

0

1,649

1,335

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fiduciary and Trust [Member]
Revenue from Contract with Customer, Including Assessed Tax

5,951

6,219

6,281

6,444

6,539

6,688

7,191

7,465

7,609

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-