Westwood holdings group, inc. (WHG)
Income statement / TTM
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

-

-

-

-

-

-

-

-

-

-

97,183

95,296

93,466

-

90,876

92,369

97,161

99,275

99,459

97,376

92,013

88,473

85,379

80,478

74,869

70,027

65,248

61,777

59,393

57,936

55,889

54,780

55,012

54,246

51,191

48,035

0

0

0

Performance-based

-

-

-

-

-

-

-

-

-

-

1,417

1,643

1,021

-

1,127

901

2,410

2,698

2,206

2,206

3,731

3,806

3,832

6,367

0

-

0

0

-

-

0

0

-

-

-

0

-

-

-

Trust fees

-

-

-

-

-

-

-

-

-

-

31,085

30,917

30,643

-

30,549

30,832

31,110

28,795

26,108

23,417

20,647

20,525

20,365

19,755

19,178

18,367

17,489

16,532

15,715

14,969

14,099

13,852

13,567

13,453

13,131

12,770

0

0

0

Other Revenue, Net

-322

799

1,523

1,870

1,593

996

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-

-

-

-

-

-

-

-

-

-

1,278

1,392

1,385

-

943

67

-224

168

-138

307

509

437

678

1,039

703

870

1,899

2,227

3,372

3,339

2,625

1,157

194

219

76

739

0

0

0

Total revenues

76,886

84,079

91,582

101,544

112,595

122,300

130,095

133,733

134,729

133,785

130,963

129,248

126,515

123,021

123,495

124,169

130,457

130,936

127,635

123,306

116,900

113,241

110,228

105,104

97,674

91,825

87,197

83,140

79,731

77,495

73,864

70,971

69,764

68,909

65,389

62,535

0

0

0

EXPENSES:
Employee compensation and benefits

48,210

50,152

51,162

53,534

56,810

59,959

62,937

64,094

64,997

64,955

63,145

63,181

62,732

61,509

63,294

63,343

64,747

63,562

61,328

58,951

55,304

52,847

50,632

49,831

48,873

47,864

47,760

46,649

46,627

43,698

40,193

37,091

35,340

35,081

34,380

33,440

0

0

0

Sales and marketing

2,016

2,068

2,085

2,128

2,023

1,936

1,996

1,904

2,008

2,042

1,943

1,894

2,068

1,919

1,952

1,963

1,772

1,839

1,891

1,902

1,781

1,673

1,397

1,293

1,252

1,252

1,256

1,280

1,207

1,132

1,151

1,022

1,008

994

847

881

0

0

0

Westwood mutual funds

2,766

3,097

3,265

3,328

3,669

3,808

4,155

4,153

4,060

3,938

3,622

3,400

3,322

3,155

3,124

3,234

3,304

3,435

3,171

2,897

2,718

2,543

2,653

2,661

2,401

2,153

1,842

1,535

1,348

1,153

1,043

785

743

790

606

690

0

0

0

Information technology

8,480

8,426

8,626

8,941

9,042

9,103

9,044

8,567

8,067

7,785

7,190

7,209

7,527

7,735

7,686

7,438

6,659

5,732

5,018

4,199

3,791

3,469

3,394

3,277

2,941

2,882

2,705

2,664

2,615

2,555

2,425

2,279

2,192

2,054

1,831

1,650

0

0

0

Professional services

4,366

4,322

4,364

4,796

4,904

4,783

5,098

5,407

5,448

5,916

5,410

5,632

5,472

5,622

6,043

5,318

5,191

5,617

5,632

5,437

5,595

4,905

4,811

4,715

4,603

4,223

3,705

3,557

4,543

4,420

4,224

4,195

2,925

2,981

3,255

3,072

0

0

0

Litigation Settlement, Expense

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative

9,388

9,516

9,418

9,532

9,584

9,564

8,254

8,983

9,522

9,652

11,102

10,089

9,622

9,433

9,597

9,625

9,296

8,531

7,488

6,723

5,910

5,768

5,785

5,625

5,525

5,266

4,886

4,819

4,736

4,517

4,384

4,189

3,982

3,900

3,527

3,216

0

0

0

Foreign Currency Transaction Gain (Loss), before Tax

5,658

1,900

836

-162

917

2,800

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total expenses

73,322

79,435

78,093

82,430

85,124

86,362

92,257

97,294

98,643

99,892

96,059

91,043

90,381

89,011

91,696

90,921

90,969

88,716

84,528

80,109

75,099

71,205

68,675

66,887

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

Operating Income (Loss)

3,564

4,644

13,489

19,114

27,471

35,938

37,838

36,439

36,086

33,893

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized gains (losses) on private investments

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of operations

-

-

-24

-24

-

500

524

524

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Income

178

144

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of operations

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) before income taxes

7,905

9,402

13,599

19,191

27,471

36,462

38,362

36,963

36,610

33,893

34,904

38,205

36,134

34,010

31,799

33,248

39,488

42,220

43,107

43,197

41,801

42,036

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

53,420

49,561

46,190

45,800

44,446

42,949

0

0

0

Income before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

20,444

21,410

23,574

23,109

20,943

19,586

0

0

0

Income tax expense (benefit)

1,284

3,491

4,816

6,157

8,306

9,711

14,127

13,964

14,707

13,904

10,235

11,781

10,945

11,363

12,042

12,365

14,471

15,115

14,711

14,696

14,504

14,787

14,461

13,424

11,513

10,348

9,431

8,821

7,521

7,934

7,840

8,027

8,652

8,423

7,775

7,208

0

0

0

Net income

6,621

5,911

8,783

13,034

19,165

26,751

24,235

22,999

21,903

19,989

24,669

26,424

25,189

22,647

19,757

20,883

25,017

27,105

28,396

28,501

27,297

27,249

27,095

24,278

20,566

17,837

15,612

13,815

11,134

12,086

12,604

13,383

14,922

14,686

13,168

12,378

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-40

-104

-94

43

1,014

0

0

0

-

-

Foreign currency translation adjustments

-2,133

1,940

-973

125

-1,089

-3,119

-977

-296

1,117

2,523

1,832

82

-695

401

91

-842

-766

-3,457

-2,915

-2,107

-2,008

-974

-496

-76

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

Less: reclassification adjustment for net gains included in earnings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

Foreign currency translation adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

Foreign currency translation adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Foreign currency translation loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

Total comprehensive income (loss)

4,488

7,851

7,810

13,159

18,076

23,632

23,258

22,703

23,020

22,512

26,501

26,506

24,494

23,048

19,848

20,041

24,251

23,648

25,481

26,394

25,289

26,275

26,339

24,204

20,002

17,550

14,820

12,997

9,582

10,176

11,652

12,363

14,965

15,700

0

0

0

-

-

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

0

-

-

-

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

51,729

57,033

63,653

72,512

81,290

89,367

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

584

764

454

300

1,829

2,984

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

24,895

25,483

25,952

26,862

27,883

28,953

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-