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)Annual | Quarterly
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 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments, including: | 57,391 | 49,843 | 55,507 | 54,700 | 49,393 | 46,834 | |||
Cash and cash equivalents | 43,015 | 13,016 | 19,930 | 39,291 | 32,055 | 28,755 | |||
Short-term investments | 14,376 | 36,827 | 35,577 | 15,408 | 17,088 | 17,080 | |||
Other undisclosed cash, cash equivalents, and short-term investments | 250 | 1,000 | |||||||
Receivables | 3,314 | 3,880 | 3,132 | 4,075 | 2,574 | 3,428 | |||
Inventory, net of allowances, customer advances and progress billings | 13,916 | 16,069 | 13,285 | 14,738 | 8,729 | 9,062 | |||
Inventory | 13,916 | 16,069 | 13,285 | 14,738 | 8,729 | 9,062 | |||
Prepaid expense | 190 | 293 | 93 | 774 | 272 | ||||
Other undisclosed current assets | 2,516 | 3,196 | 2,997 | 2,932 | 2,148 | 1,330 | |||
Total current assets: | 77,326 | 73,281 | 75,015 | 76,445 | 63,617 | 60,925 | |||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 16,489 | 17,790 | 17,450 | 16,598 | 10,892 | 10,704 | |||
Property, plant and equipment | 8,306 | 8,553 | 8,150 | 8,342 | 8,282 | 8,653 | |||
Long-term investments and receivables | 273 | 268 | 369 | 371 | 618 | 1,473 | |||
Long-term investments | 250 | 1,000 | |||||||
Accounts and financing receivable, after allowance for credit loss | 273 | 268 | 369 | 371 | 368 | 473 | |||
Intangible assets, net (including goodwill) | 12,953 | 13,268 | 9,062 | 9,220 | 9,370 | 9,531 | |||
Goodwill | 5,797 | 5,797 | 5,797 | 5,797 | 5,797 | 5,797 | |||
Intangible assets, net (excluding goodwill) | 7,156 | 7,471 | 3,265 | 3,424 | 3,574 | 3,734 | |||
Deferred income tax assets | 357 | 354 | 376 | 405 | |||||
Other noncurrent assets | 493 | 544 | 523 | 454 | 472 | 475 | |||
Total noncurrent assets: | 38,871 | 40,777 | 35,929 | 35,390 | 29,635 | 30,836 | |||
TOTAL ASSETS: | 116,198 | 114,058 | 110,944 | 111,835 | 93,253 | 91,761 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities, including: | 10,896 | 10,153 | 7,812 | 11,692 | 7,074 | 6,495 | |||
Taxes payable | ✕ | 1,203 | |||||||
Other undisclosed accounts payable and accrued liabilities | 10,896 | 10,153 | 7,812 | 10,489 | 7,074 | 6,495 | |||
Deferred revenue | 1,118 | 650 | 819 | 964 | 685 | 495 | |||
Debt | 1,423 | 1,065 | 828 | 1,508 | |||||
Other liabilities | 1,769 | 1,689 | 1,240 | 1,485 | 1,372 | 1,843 | |||
Other undisclosed current liabilities | 9,766 | 9,005 | 8,367 | 8,865 | 7,997 | 6,965 | |||
Total current liabilities: | 24,973 | 22,562 | 19,067 | 24,515 | 17,128 | 15,799 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation: | 11,068 | 12,093 | 12,149 | 11,655 | 6,696 | 6,443 | |||
Liabilities, other than long-term debt | 370 | 352 | |||||||
Deferred income tax liabilities | 370 | 352 | |||||||
Operating lease, liability | 11,068 | 12,093 | 12,149 | 11,655 | 6,696 | 6,443 | |||
Other undisclosed noncurrent liabilities | 2,000 | (10,093) | (10,149) | (9,655) | |||||
Total noncurrent liabilities: | 13,068 | 14,093 | 14,149 | 13,655 | 7,066 | 6,795 | |||
Total liabilities: | 38,040 | 36,655 | 33,216 | 38,170 | 24,195 | 22,595 | |||
Equity | |||||||||
Equity, attributable to parent | 76,425 | 75,644 | 75,876 | 71,712 | 67,503 | 67,101 | |||
Common stock | 1 | 1 | 1 | 1 | 1 | 1 | |||
Additional paid in capital | 29,562 | 29,562 | 29,562 | 29,562 | 29,032 | 29,032 | |||
Retained earnings | 46,862 | 46,081 | 46,313 | 42,149 | 38,470 | 38,069 | |||
Equity, attributable to noncontrolling interest | 1,732 | 1,759 | 1,853 | 1,953 | 1,555 | 2,064 | |||
Total equity: | 78,158 | 77,403 | 77,728 | 73,665 | 69,058 | 69,166 | |||
TOTAL LIABILITIES AND EQUITY: | 116,198 | 114,058 | 110,944 | 111,835 | 93,253 | 91,761 |
Income Statement (P&L) ($ in thousands)Annual | Quarterly
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 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 39,644 | 36,406 | 43,909 | 44,186 | 31,609 | 30,288 | ||
Net investment income | 1,174 | 1,123 | 886 | 1,033 | 6,144 | 11 | ||
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: | 20,373 | 18,266 | 22,695 | 22,867 | 17,226 | 16,091 | ||
Operating expenses | (18,319) | (16,100) | (16,162) | (16,901) | (15,647) | (14,167) | ||
Operating income: | 2,054 | 2,166 | 6,533 | 5,966 | 1,580 | 1,924 | ||
Nonoperating income (expense) | (10) | (6) | (4) | 13 | 49 | 41 | ||
Investment income, nonoperating | 6 | (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 taxes | 17 | 15 | 15 | 18 | (4) | 14 | ||
Income from continuing operations before income taxes: | 2,044 | 2,160 | 6,529 | 5,979 | 1,629 | 1,965 | ||
Income tax expense | (338) | (417) | (1,419) | (1,299) | (392) | (388) | ||
Income from continuing operations: | 1,706 | 1,743 | 5,110 | 4,679 | 1,237 | 1,577 | ||
Income before gain (loss) on sale of properties: | 1,706 | 1,743 | 5,110 | 4,679 | 1,237 | 1,577 | ||
Net income: | 1,706 | 1,743 | 5,110 | 4,679 | 1,237 | 1,577 | ||
Net loss attributable to noncontrolling interest | (697) | (750) | (715) | (770) | (543) | (576) | ||
Net income available to common stockholders, diluted: | 1,009 | 993 | 4,395 | 3,910 | 694 | 1,001 |
Comprehensive Income ($ in thousands)Annual | Quarterly
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: | 1,706 | 1,743 | 5,110 | 4,679 | 1,237 | 1,577 | ||
Comprehensive income: | 1,706 | 1,743 | 5,110 | 4,679 | 1,237 | 1,577 | ||
Comprehensive loss, net of tax, attributable to noncontrolling interest | (697) | (750) | (715) | (770) | (543) | (576) | ||
Comprehensive income, net of tax, attributable to parent: | 1,009 | 993 | 4,395 | 3,910 | 694 | 1,001 |
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.