Western Capital Resources Inc (WCRS) financial statements (2020 and earlier)

Company profile

Business Address 2201 WEST BROADWAY
COUNCIL BLUFFS, IA 51501
State of Incorp. DE
Fiscal Year End December 31
SIC 59 - Miscellaneous Retail (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:43394314842
Cash and cash equivalents27171114842
Short-term investments152232    
Other undisclosed cash, cash equivalents, and short-term investments2      
Receivables4896755
Inventory, net of allowances, customer advances and progress billings8899822
Inventory8899822
Prepaid expense11111  
Other undisclosed current assets12133231
Total current assets:57597533251510
Noncurrent Assets
Operating lease, right-of-use asset12
Nontrade receivables  3   
Property, plant and equipment10101110911
Long-term investments and receivables2133   
Long-term investments213    
Accounts and financing receivable, after allowance for credit loss1  3   
Intangible assets, net (including goodwill)10101113212013
Goodwill6666131313
Intangible assets, net (excluding goodwill)4458870
Other noncurrent assets1111100
Total noncurrent assets:35212927312214
TOTAL ASSETS:928010460563724
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:81212131213
Accounts payable    5  
Accrued liabilities    6  
Taxes payable0 19011 
Accounts payable and other accrued liabilities3
Other undisclosed accounts payable and accrued liabilities712(7)13   
Debt5002543
Deferred revenue and credits    0
Other liabilities111200 
Other undisclosed current liabilities4120227 
Total current liabilities:1814331919116
Noncurrent Liabilities
Long-term debt and lease obligation811932 
Long-term debt, excluding current maturities111932 
Capital lease obligations 0000 
Operating lease, liability7
Liabilities, other than long-term debt0122541
Deferred tax liabilities, net112441
Deferred income tax liabilities0
Other liabilities  0000 
Total noncurrent liabilities:92211861
Total liabilities:2716363026177
Stockholders' equity
Stockholders' equity attributable to parent63636731302017
Common stock0000   
Additional paid in capital29292929292322
Retained earnings (accumulated deficit)34343821(3)(5)
Stockholders' equity attributable to noncontrolling interest322000 
Total stockholders' equity:65656931302017
TOTAL LIABILITIES AND EQUITY:928010460563724

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues117114122109764133
Revenue, net9374462313
Financial services revenue9101111 
Cost of revenue(50)(49)(49)(42)(28)(15)(11)
Cost of goods and services sold(50)(48)(48)(38)(25)(17)(11)
Gross profit:66657368482622
Operating expenses(63)(68)(70)(57)(42)(22)(8)
Other undisclosed operating loss   (8)   
Operating income (loss):4(3)237413
Nonoperating income (expense)10(0)(1)(1)(0) 
Investment income, nonoperating(0)10000 
Interest and debt expense(0)(0)(0)(1)(1)(0)(0)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes000110(11)
Income (loss) from continuing operations before income taxes:4(2)22643
Income tax expense (benefit)(1)1(1)(1)(2)(2)(1)
Net income (loss):3(2)21422
Net loss attributable to noncontrolling interest(1)(1)(0)(0)(0)(0) 
Other undisclosed net income attributable to parent 137    
Net income (loss) attributable to parent:2(2)381422
Other undisclosed net loss available to common stockholders, basic (1)(0)    
Net income (loss) available to common stockholders, diluted:2(2)381422

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):3(2)21422
Comprehensive income (loss):3(2)21422
Comprehensive loss, net of tax, attributable to noncontrolling interest(1)(1)(0)(0)(0)(0) 
Comprehensive income (loss), net of tax, attributable to parent:2(2)11422

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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