WESTWOOD HOLDINGS GROUP INC
For the period ended Mar 31, 2024. Filed May 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 1, 2024
WHG$18.63+0.7%Stored close · as of Nov 6, 2026
Contents
Item 1. Condensed Consolidated Balance Sheets
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except par value and share amounts)
| March 31, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $25,888 | $20,422 |
| Accounts receivable | 15,178 | 14,394 |
| Investments, at fair value | 20,667 | 32,674 |
| Prepaid income taxes | — | 205 |
| Other current assets | 4,750 | 4,543 |
| Total current assets | 66,483 | 72,238 |
| Investments | 7,247 | 7,247 |
| Equity method investments | 4,519 | 4,284 |
| Noncurrent investments at fair value | 241 | 241 |
| Goodwill | 39,501 | 39,501 |
| Deferred income taxes | 1,570 | 726 |
| Operating lease right-of-use assets | 3,404 | 3,673 |
| Intangible assets, net | 23,761 | 24,803 |
| Property and equipment, net of accumulated depreciation of $9,421 and $10,078 | 1,272 | 1,444 |
| Other long-term assets | 1,044 | 1,010 |
| Total long-term assets | 82,559 | 82,929 |
| Total assets | $149,042 | $155,167 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Accounts payable and accrued liabilities | $6,846 | $6,130 |
| Dividends payable | 1,384 | 1,692 |
| Compensation and benefits payable | 2,949 | 9,539 |
| Operating lease liabilities | 1,406 | 1,286 |
| Income taxes payable | 2,035 | — |
| Total current liabilities | 14,620 | 18,647 |
| Accrued dividends | 663 | 675 |
| Contingent consideration | 7,184 | 10,133 |
| Noncurrent operating lease liabilities | 2,820 | 3,266 |
| Total long-term liabilities | 10,667 | 14,074 |
| Total liabilities | 25,287 | 32,721 |
| Commitments and contingencies (Note 11) | ||
| Stockholders' Equity: | ||
| Common stock, $0.01 par value, authorized 25,000,000 shares, issued 12,125,042 and 11,856,737, respectively and outstanding 9,330,762 and 9,140,760, respectively | 122 | 119 |
| Additional paid-in capital | 201,899 | 201,622 |
| Treasury stock, at cost – 2,794,280 and 2,715,977, respectively | (86,930) | (85,990) |
| Retained earnings | 6,749 | 4,650 |
| Total Westwood Holdings Group, Inc. stockholders’ equity | 121,840 | 120,401 |
| Noncontrolling interest in consolidated subsidiary | 1,915 | 2,045 |
| Total equity | 123,755 | 122,446 |
| Total liabilities and stockholders' equity | $149,042 | $155,167 |
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