Financial Statements

GWG Holdings, Inc. (GWGH)


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Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in thousands , Years are calendar years not fiscal years

Retained Earning Schedule

Year 2020 2019 2018 2017 2016
Retained Earnings (Previous Year) -77-185-39-19-
Net Income -216108-119-210
Stock Dividends 42171713-16
Dividend Paid -1-17-42-13-4
Retained Earnings -251-77-185-39-19

PPE Schedule

Year 2020 2019 2018 2017 2016
Gross PPE 2----
Annual Depreciation 12---
Capital Expenditure -3----
Net PPE -2---

Intangible and Goodwill Schedule

Year 2020 2019 2018 2017 2016
Intangible and Goodwill (Previous Year) ----2,358
New Purchases -9-89-129--
Intangible and Goodwill ---2,3582,368

GWG Holdings, Inc. income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes GWG Holdings, Inc. FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.