$UTGN
UTG INC

2021 Q4 Form 10-Q Financial Statement

#000083248021000020 Filed on November 12, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3
Revenue $9.137M -$5.476M
YoY Change -47.26% -263.61%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $82.02K $68.24K
YoY Change 6.67% -2.69%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $894.9K $601.7K
YoY Change -34.14% 507.55%
% of Gross Profit
Operating Expenses $5.643M $6.302M
YoY Change -25.01% 146.21%
Operating Profit
YoY Change
Interest Expense -$4.050K $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $3.490M -$11.76M
YoY Change -64.39% 270.04%
Income Tax $761.3K -$2.762M
% Of Pretax Income 21.81%
Net Earnings $2.708M -$9.012M
YoY Change -65.29% 268.34%
Net Earnings / Revenue 29.64%
Basic Earnings Per Share -$2.84
Diluted Earnings Per Share $855.2K -$2.844M
COMMON SHARES
Basic Shares Outstanding 3.166M 3.170M
Diluted Shares Outstanding 3.169M

Balance Sheet

Concept 2021 Q4 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $30.79M $24.11M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $18.70M $25.31M
YoY Change 5.75% 30.2%
LONG-TERM ASSETS
Property, Plant & Equipment $0.00 $293.2K
YoY Change -100.0% -20.34%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $314.3M $292.7M
YoY Change 9.27% -0.37%
Other Assets
YoY Change
Total Long-Term Assets $419.8M $389.8M
YoY Change 4.58% -0.38%
TOTAL ASSETS
Total Short-Term Assets $18.70M $25.31M
Total Long-Term Assets $419.8M $389.8M
Total Assets $438.5M $415.2M
YoY Change 4.63% 1.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $24.00M $0.00
YoY Change
Other Long-Term Liabilities $5.194M $5.793M
YoY Change -1.77% -6.21%
Total Long-Term Liabilities $29.19M $5.793M
YoY Change 452.08% -6.21%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $29.19M $5.793M
Total Liabilities $297.2M $276.3M
YoY Change 5.43% -1.86%
SHAREHOLDERS EQUITY
Retained Earnings $97.73M
YoY Change 10.97%
Common Stock $32.78M
YoY Change -0.74%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares $1.302M
Shareholders Equity $140.8M $138.8M
YoY Change
Total Liabilities & Shareholders Equity $438.5M $415.2M
YoY Change 4.63% 1.07%

Cashflow Statement

Concept 2021 Q4 2021 Q3
OPERATING ACTIVITIES
Net Income $2.708M -$9.012M
YoY Change -65.29% 268.34%
Depreciation, Depletion And Amortization $894.9K $601.7K
YoY Change -34.14% 507.55%
Cash From Operating Activities -$2.231M -$3.931M
YoY Change -50.16% 1.34%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$14.78M -$2.421M
YoY Change -176.24% -232.5%
Cash From Investing Activities -$14.78M -$2.421M
YoY Change -176.24% -232.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 23.69M -515.4K
YoY Change -3977.96% -79.73%
NET CHANGE
Cash From Operating Activities -2.231M -3.931M
Cash From Investing Activities -14.78M -2.421M
Cash From Financing Activities 23.69M -515.4K
Net Change In Cash 6.674M -6.867M
YoY Change -53.34% 49.47%
FREE CASH FLOW
Cash From Operating Activities -$2.231M -$3.931M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Registrant Name
EntityRegistrantName
UTG, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
20-2907892
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2021
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0000832480
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2021-09-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
000-16867
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
293166
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
348170
dei Entity Address Address Line1
EntityAddressAddressLine1
205 North Depot Street
dei Entity Address City Or Town
EntityAddressCityOrTown
Stanford
dei Entity Address State Or Province
EntityAddressStateOrProvince
KY
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
40484
dei City Area Code
CityAreaCode
217
dei Local Phone Number
LocalPhoneNumber
241-6300
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2021Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
3166235
CY2021Q3 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
0
CY2020Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
268497
CY2021Q3 us-gaap Notes Payable
NotesPayable
3679
CY2020Q4 us-gaap Notes Payable
NotesPayable
12219
us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale Recognized In Earnings
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSaleRecognizedInEarnings
393455
us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale Recognized In Earnings
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSaleRecognizedInEarnings
0
us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
0
us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
10500000
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
-0
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
7890228
CY2020Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
14389189
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
0
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
7890228
us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale Recognized In Earnings
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSaleRecognizedInEarnings
393455

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