GWG Holdings, Inc (GWGH) financial statements (2021 and earlier)

Company profile

Business Address 325 N. ST. PAUL STREET
DALLAS, TX 75201
State of Incorp. DE
Fiscal Year End December 31
SIC 6311 - Life Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 79115114783431
Cash and cash equivalents 79115114783431
Restricted cash and investments   283824
Receivables 67185    
Deferred costs     32
Intangible current assets 3     
Total current assets: 1502991431163937
Noncurrent Assets
Property, plant and equipment  2    
Long-term investments and receivables, including: 232361    
Long-term investments 2361    
Accounts and financing receivable, after allowance for credit loss 29     
Other undisclosed long-term investments and receivables 201     
Intangible assets, net (including goodwill) 2,358     
Goodwill 2,358     
Total noncurrent assets: 2,590362    
Other undisclosed assets 895819676527359287
TOTAL ASSETS: 3,6351,481819643398323
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities  96221
Accounts payable  96221
Debt 174 2121566572
Total current liabilities: 17492191586773
Noncurrent Liabilities
Long-term debt and lease obligation    20  
Long-term debt, excluding current maturities    20  
Liabilities, other than long-term debt 99     
Deferred revenue 41
Deferred income tax liabilities 58
Total noncurrent liabilities: 99  20  
Other undisclosed liabilities 1,4911,191467398315227
Total liabilities: 1,7651,200685576382301
Commitments and contingencies    (20)(21)(21)
Temporary equity, carrying amount 1,270  202121
Stockholders' equity
Stockholders' equity attributable to parent, including: 334281134671622
Common stock 000000
Treasury stock, value (25)     
Additional paid in capital 233250 71716
Accumulated deficit (77)(185)(39)(19)(22)(14)
Warrants and rights outstanding     00
Other undisclosed stockholders' equity attributable to parent 202216173792020
Stockholders' equity attributable to noncontrolling interest 267     
Total stockholders' equity: 601281134671622
TOTAL LIABILITIES AND EQUITY: 3,6351,481819643398323

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 92(0)64694030
Realized investment gains     618
Other income 171411 
Cost of revenue (0)(6)(2)(16)(9) 
Cost of goods and services sold  (1)(2)   
Provision for loan, lease, and other losses (0)(4)
Financial services costs (16)(9) 
Gross profit: 92(6)63543030
Operating expenses (172)(119)(87)(69)(51)(39)
Other operating expense, net
(Other Expenses)
      (5)
Operating loss: (80)(125)(24)(15)(20)(13)
Nonoperating expense
(Investment Income, Nonoperating)
      (8)
Interest and debt expense (115)(80)(54)(42)(32)(27)
Other undisclosed income from continuing operations before equity method investments, income taxes 1158656584140
Income (loss) from continuing operations before equity method investments, income taxes: (80)(119)(23)1(11)(8)
Income (loss) from equity method investments (4)0    
Income (loss) from continuing operations before income taxes: (84)(119)(23)1(11)(8)
Income tax expense (benefit) (58) 2(0)42
Net income (loss): (142)(119)(21)0(7)(6)
Other undisclosed net income attributable to parent 250     
Net income (loss) attributable to parent: 108(119)(21)0(7)(6)
Preferred stock dividends and other adjustments (17)(17)(13)(4) 0
Other undisclosed net income (loss) available to common stockholders, basic     1(0)
Net income (loss) available to common stockholders, basic: 91(136)(33)(3)(6)(6)
Other undisclosed net income available to common stockholders, diluted 2     
Net income (loss) available to common stockholders, diluted: 93(136)(33)(3)(6)(6)

Comprehensive Income ($ in millions)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss): (142)(119)(21)0(7)(6)
Comprehensive income (loss), net of tax, attributable to parent: (142)(119)(21)0(7)(6)

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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