Western Capital Resources Inc (WCRS) financial statements (2021 and earlier)

Company profile

Business Address 11550 I STREET, SUITE 150
OMAHA, NE 68137
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)

12/31/2020
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, including:494339431484
Cash and cash equivalents322717111484
Short-term investments17152232   
Other undisclosed cash, cash equivalents, and short-term investments02     
Receivables3489675
Inventory, net of allowances, customer advances and progress billings9889982
Inventory9889982
Prepaid expense111111 
Other undisclosed current assets21213323
Total current assets:64575975332515
Noncurrent Assets
Operating lease, right-of-use asset1112
Nontrade receivables   3   
Property, plant and equipment81010111091
Long-term investments and receivables12133  
Long-term investments0213   
Accounts and financing receivable, after allowance for credit loss01  3  
Intangible assets, net (including goodwill)9101011132120
Goodwill666661313
Intangible assets, net (excluding goodwill)4445887
Other noncurrent assets0111110
Total noncurrent assets:30352129273122
TOTAL ASSETS:939280104605637
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:78121213121
Accounts payable     5 
Accrued liabilities     6 
Taxes payable 0 19011
Other undisclosed accounts payable and accrued liabilities7712(7)13  
Deferred revenue1 
Debt 500254
Other liabilities1111200
Other undisclosed current liabilities84120227
Total current liabilities:17181433191911
Noncurrent Liabilities
Long-term debt and lease obligation7811932
Long-term debt, excluding current maturities 111932
Capital lease obligations 0000
Operating lease, liability77
Liabilities, other than long-term debt0012254
Deferred tax liabilities, net11244
Deferred income tax liabilities00
Other liabilities   0000
Total noncurrent liabilities:79221186
Total liabilities:24271636302617
Stockholders' equity
Stockholders' equity attributable to parent68636367313020
Common stock00000  
Additional paid in capital29292929292923
Retained earnings (accumulated deficit)3834343821(3)
Stockholders' equity attributable to noncontrolling interest2322000
Total stockholders' equity:69656569313020
TOTAL LIABILITIES AND EQUITY:939280104605637

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1351171141221097641
Revenue, net93744623
Financial services revenue9101111
Cost of revenue(60)(50)(49)(49)(42)(28)(15)
Cost of goods and services sold(59)(50)(48)(48)(38)(25)(17)
Gross profit:76666573684826
Operating expenses(63)(63)(68)(70)(57)(42)(22)
Other undisclosed operating loss    (8)  
Operating income (loss):134(3)2374
Nonoperating income (expense)010(0)(1)(1)(0)
Investment income, nonoperating(1)(0)10000
Interest and debt expense(0)(0)(0)(0)(1)(1)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes0000110
Income (loss) from continuing operations before income taxes:134(2)2264
Income tax expense (benefit)(3)(1)1(1)(1)(2)(2)
Net income (loss):103(2)2142
Net loss attributable to noncontrolling interest(2)(1)(1)(0)(0)(0)(0)
Other undisclosed net income attributable to parent  137   
Net income (loss) attributable to parent:82(2)38142
Other undisclosed net loss available to common stockholders, basic  (1)(0)   
Net income (loss) available to common stockholders, diluted:82(2)38142

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):103(2)2142
Comprehensive income (loss):103(2)2142
Comprehensive loss, net of tax, attributable to noncontrolling interest(2)(1)(1)(0)(0)(0)(0)
Comprehensive income (loss), net of tax, attributable to parent:82(2)1142

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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