$WT
WisdomTree, Inc.

2013 Q4 Form 10-Q Financial Statement

#000119312513432162 Filed on November 07, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $43.17M $39.63M $21.66M
YoY Change 83.16% 82.96% 22.1%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $25.06M $23.42M $15.97M
YoY Change 39.22% 46.65% 2.37%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $200.0K $0.00 $100.0K
YoY Change 100.0% -100.0% 0.0%
% of Gross Profit
Operating Expenses $26.69M $24.67M $17.13M
YoY Change 41.67% 44.0% 4.57%
Operating Profit
YoY Change
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $1.164M $859.0K
YoY Change 35.51%
Pretax Income $16.48M $14.97M $4.533M
YoY Change 213.9% 230.13% 233.31%
Income Tax $0.00
% Of Pretax Income 0.0%
Net Earnings $16.48M $14.97M $4.533M
YoY Change 213.9% 230.13% 233.31%
Net Earnings / Revenue 38.17% 37.76% 20.93%
Basic Earnings Per Share $0.12 $0.04
Diluted Earnings Per Share $117.9K $0.11 $0.03
COMMON SHARES
Basic Shares Outstanding 129.4M shares 126.5M shares 123.2M shares
Diluted Shares Outstanding 140.1M shares 138.5M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $104.3M $87.10M $39.60M
YoY Change 153.16% 119.95% 87.68%
Cash & Equivalents $104.3M $87.11M $39.60M
Short-Term Investments
Other Short-Term Assets $1.320M $1.975M $1.800M
YoY Change 3.69% 9.72% 50.0%
Inventory
Prepaid Expenses
Receivables $17.59M $16.25M $9.400M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $123.2M $105.3M $50.80M
YoY Change 137.58% 107.37% 81.43%
LONG-TERM ASSETS
Property, Plant & Equipment $6.252M $1.349M $600.0K
YoY Change 1202.5% 124.83% 0.0%
Goodwill $0.00
YoY Change
Intangibles
YoY Change
Long-Term Investments $11.70M $11.60M $9.400M
YoY Change 6.36% 23.4% 2.17%
Other Assets $564.0K $50.00K $100.0K
YoY Change 1242.86% -50.0% 0.0%
Total Long-Term Assets $18.56M $13.00M $10.00M
YoY Change 60.62% 30.02% 1.01%
TOTAL ASSETS
Total Short-Term Assets $123.2M $105.3M $50.80M
Total Long-Term Assets $18.56M $13.00M $10.00M
Total Assets $141.8M $118.3M $60.80M
YoY Change 123.56% 94.65% 60.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.400M $4.000M $3.600M
YoY Change 33.33% 11.11% 28.57%
Accrued Expenses $14.30M $9.400M $3.200M
YoY Change 550.0% 193.75% 6.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $29.06M $24.04M $16.10M
YoY Change 135.23% 49.3% 9.52%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.706M $3.063M $0.00
YoY Change 28407.69% -100.0%
Total Long-Term Liabilities $3.706M $3.063M $0.00
YoY Change 28407.69% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $29.06M $24.04M $16.10M
Total Long-Term Liabilities $3.706M $3.063M $0.00
Total Liabilities $32.76M $27.10M $16.20M
YoY Change 164.96% 67.29% 9.46%
SHAREHOLDERS EQUITY
Retained Earnings -$76.49M -$92.97M
YoY Change -40.25%
Common Stock $1.322M $1.294M
YoY Change 4.51%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $109.0M $91.24M $44.60M
YoY Change
Total Liabilities & Shareholders Equity $141.8M $118.3M $60.80M
YoY Change 123.56% 94.65% 60.42%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $16.48M $14.97M $4.533M
YoY Change 213.9% 230.13% 233.31%
Depreciation, Depletion And Amortization $200.0K $0.00 $100.0K
YoY Change 100.0% -100.0% 0.0%
Cash From Operating Activities $22.40M $18.50M -$1.000M
YoY Change 505.41% -1950.0% -117.54%
INVESTING ACTIVITIES
Capital Expenditures -$5.100M -$1.000M -$100.0K
YoY Change 900.0%
Acquisitions
YoY Change
Other Investing Activities -$100.0K -$300.0K $400.0K
YoY Change -94.44% -175.0% -136.36%
Cash From Investing Activities -$5.200M -$1.300M $300.0K
YoY Change 188.89% -533.33% -127.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 100.0K -900.0K 1.000M
YoY Change -125.0% -190.0%
NET CHANGE
Cash From Operating Activities 22.40M 18.50M -1.000M
Cash From Investing Activities -5.200M -1.300M 300.0K
Cash From Financing Activities 100.0K -900.0K 1.000M
Net Change In Cash 17.30M 16.30M 300.0K
YoY Change 1053.33% 5333.33% -93.48%
FREE CASH FLOW
Cash From Operating Activities $22.40M $18.50M -$1.000M
Capital Expenditures -$5.100M -$1.000M -$100.0K
Free Cash Flow $27.50M $19.50M -$900.0K
YoY Change 643.24% -2266.67% -115.79%

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dei Trading Symbol
TradingSymbol
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dei Entity Registrant Name
EntityRegistrantName
WisdomTree Investments, Inc.
dei Amendment Flag
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dei Entity Filer Category
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dei Document Fiscal Year Focus
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dei Document Type
DocumentType
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dei Document Period End Date
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dei Entity Central Index Key
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dei Current Fiscal Year End Date
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<div> <p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> <b><i>Use of Estimates</i></b></p> <p style="MARGIN-TOP: 6pt; TEXT-INDENT: 4%; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> The preparation of the Company&#x2019;s consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the balance sheet dates and the reported amounts of revenues and expenses for the periods presented. Actual results could differ materially from those estimates.</p> </div>
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-89000
us-gaap Investment Advisory Fees
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60645000
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1169000
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-700000
us-gaap Stock Repurchased During Period Value
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1169000
us-gaap Depreciation And Amortization
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225000
us-gaap Cash And Cash Equivalents Period Increase Decrease
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13973000
CY2012Q1 us-gaap Stock Issued During Period Shares New Issues
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1000000 shares
us-gaap Payments To Acquire Property Plant And Equipment
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182000
us-gaap Other Expenses
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2211000
us-gaap Increase Decrease In Employee Related Liabilities
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-933000
us-gaap Net Cash Provided By Used In Financing Activities
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7070000
us-gaap Proceeds From Sale Maturity And Collections Of Investments
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5657000
us-gaap Share Based Compensation
ShareBasedCompensation
5903000
us-gaap Marketing Expense
MarketingExpense
713000
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
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1251000
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4329000
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Stock Options Exercised
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3910000
us-gaap Marketing And Advertising Expense
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3736000
us-gaap Professional Fees
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3815000
us-gaap Communications Information Technology And Occupancy
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1050000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5903000
us-gaap Lease And Rental Expense
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987000
us-gaap Labor And Related Expense
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17068000
us-gaap Asset Management Costs
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16677000
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2533000
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55447000
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us-gaap Income Tax Expense Benefit
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wetf Third Party Sharing Arrangements
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4168000
wetf Dilutive Stock Options And Unvested Restricted Stock
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16433000 shares
wetf Etf Shareholder Proxy
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3264000
CY2012Q1 us-gaap Proceeds From Issuance Of Common Stock
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4329000
CY2012Q1 wetf Number Of Shares Sold By Stockholders
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15516587 shares
CY2012Q4 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
0
CY2012Q4 wetf Proceeds From Existing Shareholders On Sale
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0
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NumberOfSharesSoldByStockholders
27795630 shares
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20 Fund
CY2012 wetf Reduced Percentage Of Common Stock Own By Beneficial Owner Due To Sell Or Transfer
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0.25 pure
CY2012 wetf Percentage Of Common Stock Own By Beneficial Owner
PercentageOfCommonStockOwnByBeneficialOwner
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CY2012 wetf Etf Shareholder Proxy
EtfShareholderProxy
3264000
CY2012 wetf Threshold Percentage Of Ownership Presumes Change In Control
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0.25 pure
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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138458000 shares
CY2012Q3 us-gaap Earnings Per Share Basic
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0.04
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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123214000 shares
CY2012Q3 us-gaap Revenues
Revenues
21661000
CY2012Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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4533000
CY2012Q3 us-gaap Other Income
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221000
CY2013Q3 us-gaap Marketing Expense
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374000
CY2012Q3 us-gaap Lease And Rental Expense
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351000
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542000
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4533000
CY2012Q3 us-gaap Investment Advisory Fees
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21440000
CY2012Q3 us-gaap Litigation Settlement Amount
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OtherExpenses
859000
CY2012Q3 us-gaap Depreciation And Amortization
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CY2012Q3 us-gaap Marketing Expense
MarketingExpense
81000
CY2012Q3 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
862000
CY2012Q3 us-gaap Professional Fees
ProfessionalFees
1305000
CY2012Q3 us-gaap Communications Information Technology And Occupancy
CommunicationsInformationTechnologyAndOccupancy
374000
CY2012Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1870000
CY2012Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
5734000
CY2012Q3 us-gaap Asset Management Costs
AssetManagementCosts
5671000
CY2012Q3 us-gaap Business Development
BusinessDevelopment
831000
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OperatingExpenses
17128000
CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
CY2012Q3 wetf Third Party Sharing Arrangements
ThirdPartySharingArrangements
1194000
CY2012Q3 wetf Dilutive Stock Options And Unvested Restricted Stock
DilutiveStockOptionsAndUnvestedRestrictedStock
15244000 shares
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
140097000 shares
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126509000 shares
CY2013Q3 us-gaap Revenues
Revenues
39630000
CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
14965000
CY2013Q3 us-gaap Other Income
OtherIncome
193000
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
14965000
CY2013Q3 us-gaap Investment Advisory Fees
InvestmentAdvisoryFees
39437000
CY2013Q3 us-gaap Other Expenses
OtherExpenses
1164000
CY2013Q3 us-gaap Depreciation And Amortization
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84000
CY2013Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
9648000
CY2013Q3 us-gaap Asset Management Costs
AssetManagementCosts
8794000
CY2013Q3 us-gaap Business Development
BusinessDevelopment
1305000
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OperatingExpenses
24665000
CY2013Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
CY2013Q3 wetf Third Party Sharing Arrangements
ThirdPartySharingArrangements
374000
CY2013Q3 wetf Dilutive Stock Options And Unvested Restricted Stock
DilutiveStockOptionsAndUnvestedRestrictedStock
13588000 shares
CY2012Q4 wetf Exchange Listing
ExchangeListing
353000

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