Western Capital Resources Inc (WCRS) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
11550 I STREET, SUITE 150 OMAHA, NE 68137 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 59 - Miscellaneous Retail (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2022 MRQ | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments, including: | 57,391 | 49,393 | 43,389 | 39,120 | 43,064 | 14,160 | |||
| Cash and cash equivalents | 43,015 | 32,055 | 27,133 | 16,725 | 10,771 | 14,160 | |||
| Short-term investments | 14,376 | 17,088 | 14,757 | 22,395 | 32,293 | ||||
| Other undisclosed cash, cash equivalents, and short-term investments | 250 | 1,500 | |||||||
| Receivables | 3,314 | 2,574 | 4,378 | 7,918 | 8,557 | 6,155 | |||
| Inventory, net of allowances, customer advances and progress billings | 13,916 | 8,729 | 8,331 | 8,468 | 9,131 | 9,095 | |||
| Inventory | 13,916 | 8,729 | 8,331 | 8,468 | 9,131 | 9,095 | |||
| Prepaid expense | 190 | 774 | 670 | 1,392 | 870 | 1,080 | |||
| Other undisclosed current assets | 2,516 | 2,148 | 510 | 2,075 | 13,418 | 2,647 | |||
| Total current assets: | 77,326 | 63,617 | 57,278 | 58,972 | 75,039 | 33,138 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 16,489 | 10,892 | 12,345 | ✕ | ✕ | ✕ | |||
| Nontrade receivables | 3,250 | ||||||||
| Property, plant and equipment | 8,306 | 8,282 | 9,725 | 9,946 | 11,347 | 9,697 | |||
| Long-term investments and receivables | 273 | 618 | 2,195 | 1,000 | 3,000 | 2,920 | |||
| Long-term investments | 250 | 1,500 | 1,000 | 3,000 | |||||
| Accounts and financing receivable, after allowance for credit loss | 273 | 368 | 695 | 2,920 | |||||
| Intangible assets, net (including goodwill) | 12,953 | 9,370 | 9,838 | 9,964 | 10,784 | 13,333 | |||
| Goodwill | 5,797 | 5,797 | 5,797 | 5,797 | 5,797 | 5,797 | |||
| Intangible assets, net (excluding goodwill) | 7,156 | 3,574 | 4,042 | 4,167 | 4,988 | 7,537 | |||
| Deferred income tax assets | 357 | ✕ | ✕ | ✕ | |||||
| Other noncurrent assets | 493 | 472 | 526 | 558 | 823 | 1,123 | |||
| Total noncurrent assets: | 38,871 | 29,635 | 34,629 | 21,468 | 29,205 | 27,073 | |||
| TOTAL ASSETS: | 116,198 | 93,253 | 91,907 | 80,440 | 104,244 | 60,211 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 10,896 | 7,074 | 7,710 | 11,816 | 11,898 | 13,002 | |||
| Taxes payable | 243 | 18,731 | 266 | ||||||
| Other undisclosed accounts payable and accrued liabilities | 10,896 | 7,074 | 7,467 | 11,816 | (6,833) | 12,737 | |||
| Deferred revenue | 1,118 | 685 | ✕ | ✕ | ✕ | ||||
| Debt | 1,423 | 5,145 | 51 | 99 | 1,890 | ||||
| Other liabilities | 1,769 | 1,372 | 1,277 | 1,292 | 1,355 | 2,242 | |||
| Other undisclosed current liabilities | 9,766 | 7,997 | 3,611 | 1,013 | 19,804 | 1,693 | |||
| Total current liabilities: | 24,973 | 17,128 | 17,743 | 14,172 | 33,156 | 18,828 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 11,068 | 6,696 | 8,465 | 789 | 840 | 8,776 | |||
| Long-term debt, excluding current maturities | 1,020 | 789 | 789 | 8,682 | |||||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | 51 | 95 | |||
| Liabilities, other than long-term debt | 370 | 385 | 795 | 1,554 | 1,918 | ||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | 795 | 1,456 | 1,775 | ||
| Deferred income tax liabilities | 370 | 385 | ✕ | ✕ | ✕ | ||||
| Other liabilities | 98 | 143 | |||||||
| Operating lease, liability | 11,068 | 6,696 | 7,445 | ✕ | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | (9,068) | ||||||||
| Total noncurrent liabilities: | 13,068 | 7,066 | 8,850 | 1,584 | 2,395 | 10,694 | |||
| Total liabilities: | 38,040 | 24,195 | 26,593 | 15,756 | 35,551 | 29,522 | |||
| Equity | |||||||||
| Equity, attributable to parent | 76,425 | 67,503 | 62,739 | 62,807 | 66,936 | 30,642 | |||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | |||
| Additional paid in capital | 29,562 | 29,032 | 29,032 | 29,032 | 29,032 | 28,997 | |||
| Retained earnings | 46,862 | 38,470 | 33,706 | 33,774 | 37,903 | 1,644 | |||
| Equity, attributable to noncontrolling interest | 1,732 | 1,555 | 2,575 | 1,877 | 1,758 | 46 | |||
| Total equity: | 78,158 | 69,058 | 65,314 | 64,684 | 68,694 | 30,689 | |||
| TOTAL LIABILITIES AND EQUITY: | 116,198 | 93,253 | 91,907 | 80,440 | 104,244 | 60,211 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 164,145 | 135,066 | 116,915 | 114,265 | 121,521 | 109,187 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | 92,590 | 74,214 | |
| Cost of revenue | (79,945) | (59,564) | (50,495) | (48,862) | (48,863) | (41,673) | ||
| Cost of goods and services sold | (80,012) | (59,290) | (49,519) | (47,621) | (47,741) | (37,558) | ||
| Gross profit: | 84,201 | 75,502 | 66,420 | 65,403 | 72,657 | 67,514 | ||
| Operating expenses | (67,482) | (62,733) | (62,670) | (67,985) | (70,193) | (57,108) | ||
| Other undisclosed operating loss | (7,559) | |||||||
| Operating income (loss): | 16,719 | 12,770 | 3,750 | (2,582) | 2,464 | 2,847 | ||
| Nonoperating income (expense) | (7) | 269 | 614 | 442 | (60) | (505) | ||
| Investment income, nonoperating | 15 | (926) | (75) | 632 | 243 | 23 | ||
| Interest and debt expense | (65) | (41) | (115) | (189) | (303) | (528) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 65 | 41 | 115 | 189 | 303 | 528 | ||
| Income (loss) from continuing operations before income taxes: | 16,712 | 13,038 | 4,364 | (2,140) | 2,404 | 2,343 | ||
| Income tax expense (benefit) | (3,474) | (2,790) | (908) | 619 | (731) | (864) | ||
| Income (loss) from continuing operations: | 13,238 | 10,248 | 3,456 | (1,521) | 1,673 | 1,479 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | 13,238 | 10,248 | 3,456 | (1,521) | 1,673 | 1,479 | |
| Net income (loss): | 13,238 | 10,248 | 3,456 | (1,521) | 1,673 | 1,479 | ||
| Net loss attributable to noncontrolling interest | (2,931) | (2,035) | (1,135) | (720) | (286) | (20) | ||
| Other undisclosed net income attributable to parent | 720 | 36,591 | ||||||
| Net income (loss) attributable to parent: | 10,307 | 8,213 | 2,320 | (1,521) | 37,978 | 1,458 | ||
| Other undisclosed net loss available to common stockholders, basic | (720) | (299) | ||||||
| Net income (loss) available to common stockholders, diluted: | 10,307 | 8,213 | 2,320 | (2,241) | 37,679 | 1,458 | ||
Comprehensive Income ($ in thousands)
| 3/31/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 13,238 | 10,248 | 3,456 | (1,521) | 1,673 | 1,479 | ||
| Comprehensive income (loss): | 13,238 | 10,248 | 3,456 | (1,521) | 1,673 | 1,479 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (2,931) | (2,035) | (1,135) | (720) | (286) | (20) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 10,307 | 8,213 | 2,320 | (2,241) | 1,387 | 1,458 | ||
Statements Sources
The financial statements are based on the Company's filings with 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.