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
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:57,39149,84355,50754,70049,39346,834
Cash and cash equivalents43,01513,01619,93039,29132,05528,755
Short-term investments14,37636,82735,57715,40817,08817,080
Other undisclosed cash, cash equivalents, and short-term investments     2501,000
Receivables3,3143,8803,1324,0752,5743,428
Inventory, net of allowances, customer advances and progress billings13,91616,06913,28514,7388,7299,062
Inventory13,91616,06913,28514,7388,7299,062
Prepaid expense 19029393 774272
Other undisclosed current assets2,5163,1962,9972,9322,1481,330
Total current assets:77,32673,28175,01576,44563,61760,925
Noncurrent Assets
Operating lease, right-of-use asset16,48917,79017,45016,59810,89210,704
Property, plant and equipment8,3068,5538,1508,3428,2828,653
Long-term investments and receivables2732683693716181,473
Long-term investments     2501,000
Accounts and financing receivable, after allowance for credit loss273268369371368473
Intangible assets, net (including goodwill)12,95313,2689,0629,2209,3709,531
Goodwill5,7975,7975,7975,7975,7975,797
Intangible assets, net (excluding goodwill)7,1567,4713,2653,4243,5743,734
Deferred income tax assets357354376405  
Other noncurrent assets493544523454472475
Total noncurrent assets:38,87140,77735,92935,39029,63530,836
TOTAL ASSETS:116,198114,058110,944111,83593,25391,761
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:10,89610,1537,81211,6927,0746,495
Taxes payable   1,203  
Other undisclosed accounts payable and accrued liabilities10,89610,1537,81210,4897,0746,495
Deferred revenue1,118650819964685495
Debt1,4231,0658281,508  
Other liabilities1,7691,6891,2401,4851,3721,843
Other undisclosed current liabilities9,7669,0058,3678,8657,9976,965
Total current liabilities:24,97322,56219,06724,51517,12815,799
Noncurrent Liabilities
Long-term debt and lease obligation:11,06812,09312,14911,6556,6966,443
Liabilities, other than long-term debt     370352
Deferred income tax liabilities     370352
Operating lease, liability11,06812,09312,14911,6556,6966,443
Other undisclosed noncurrent liabilities2,000(10,093)(10,149)(9,655)  
Total noncurrent liabilities:13,06814,09314,14913,6557,0666,795
Total liabilities:38,04036,65533,21638,17024,19522,595
Equity
Equity, attributable to parent76,42575,64475,87671,71267,50367,101
Common stock111111
Additional paid in capital29,56229,56229,56229,56229,03229,032
Retained earnings46,86246,08146,31342,14938,47038,069
Equity, attributable to noncontrolling interest1,7321,7591,8531,9531,5552,064
Total equity:78,15877,40377,72873,66569,05869,166
TOTAL LIABILITIES AND EQUITY:116,198114,058110,944111,83593,25391,761

Income Statement (P&L) ($ in thousands)

3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
Revenues39,64436,40643,90944,18631,60930,288
Net investment income1,1741,1238861,0336,14411
Cost of revenue(19,271)(18,140)(21,214)(21,319)(14,382)(14,197)
Cost of goods and services sold(19,181)(18,118)(21,307)(21,405)(14,218)(14,166)
Gross profit:20,37318,26622,69522,86717,22616,091
Operating expenses(18,319)(16,100)(16,162)(16,901)(15,647)(14,167)
Operating income:2,0542,1666,5335,9661,5801,924
Nonoperating income (expense)(10)(6)(4)134941
Investment income, nonoperating6(2)(3)(13)(264) 
Interest and debt expense(17)(15)(15)(18)4(14)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes17151518(4)14
Income from continuing operations before income taxes:2,0442,1606,5295,9791,6291,965
Income tax expense(338)(417)(1,419)(1,299)(392)(388)
Income from continuing operations:1,7061,7435,1104,6791,2371,577
Income before gain (loss) on sale of properties:1,7061,7435,1104,6791,2371,577
Net income:1,7061,7435,1104,6791,2371,577
Net loss attributable to noncontrolling interest(697)(750)(715)(770)(543)(576)
Net income available to common stockholders, diluted:1,0099934,3953,9106941,001

Comprehensive Income ($ in thousands)

3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
Net income:1,7061,7435,1104,6791,2371,577
Comprehensive income:1,7061,7435,1104,6791,2371,577
Comprehensive loss, net of tax, attributable to noncontrolling interest(697)(750)(715)(770)(543)(576)
Comprehensive income, net of tax, attributable to parent:1,0099934,3953,9106941,001

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.

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