2022 Q3 Form 10-Q Financial Statement

#000119312522213194 Filed on August 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $72.41M $77.25M $78.37M
YoY Change -7.29% 1.95% 9.98%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $51.05M $54.84M $54.34M
YoY Change 7.05% 19.82% 12.9%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $100.0K $53.00K $47.00K
YoY Change -45.95% -74.52% -84.33%
% of Gross Profit
Operating Expenses $57.54M $61.45M $60.68M
YoY Change 6.74% 17.97% 11.89%
Operating Profit $14.87M $15.80M $17.69M
YoY Change -38.55% -33.27%
Interest Expense $3.734M $3.733M -$2.938M
YoY Change -222.83% 45.42% 41.93%
% of Operating Profit 25.11% 23.62% -16.61%
Other Income/Expense, Net $2.324M $2.109M -$41.73M
YoY Change 884.75% 20.38% 1263.56%
Pretax Income $84.56M $10.68M -$26.97M
YoY Change 1235.17% -51.22% -304.66%
Income Tax $3.327M $2.673M -$16.71M
% Of Pretax Income 3.93% 25.03%
Net Earnings $81.23M $8.005M -$10.26M
YoY Change 1292.58% -54.59% -167.73%
Net Earnings / Revenue 112.17% 10.36% -13.09%
Basic Earnings Per Share $0.50 $0.05 -$0.08
Diluted Earnings Per Share $0.50 $0.05 -$71.77K
COMMON SHARES
Basic Shares Outstanding 146.6M 143.0M 142.8M
Diluted Shares Outstanding 159.0M 159.0M 142.8M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $257.8M $238.6M $244.2M
YoY Change 4.24% 5.36% 151.54%
Cash & Equivalents $132.7M $109.7M $110.4M
Short-Term Investments $125.1M $128.9M $133.8M
Other Short-Term Assets $332.0K $391.0K $6.504M
YoY Change -94.54% -94.09% 47.82%
Inventory
Prepaid Expenses $6.035M $7.461M
Receivables $25.31M $34.06M $35.19M
Other Receivables $0.00 $1.290M $244.0K
Total Short-Term Assets $289.5M $281.8M $286.2M
YoY Change 1.35% 4.83% 116.8%
LONG-TERM ASSETS
Property, Plant & Equipment $575.0K $641.0K $983.0K
YoY Change -51.11% -97.27% -95.78%
Goodwill $85.86M $85.86M
YoY Change
Intangibles $603.2M $602.0M
YoY Change
Long-Term Investments $26.60M $26.29M $21.23M
YoY Change 82.58% 79.96% 48.45%
Other Assets $766.0K $473.0K $4.091M
YoY Change -90.42% -92.09% -36.08%
Total Long-Term Assets $726.9M $724.7M $714.9M
YoY Change -0.79% -3.83% -5.09%
TOTAL ASSETS
Total Short-Term Assets $289.5M $281.8M $286.2M
Total Long-Term Assets $726.9M $724.7M $714.9M
Total Assets $1.016B $1.006B $1.001B
YoY Change -0.19% -1.56% 13.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.10M $11.14M $15.98M
YoY Change 2.85% -1.62% 40.17%
Accrued Expenses $27.60M $19.74M $9.230M
YoY Change 11.42% 5.15% -19.74%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $173.8M $173.3M
YoY Change
Total Short-Term Liabilities $253.2M $241.6M $66.89M
YoY Change 234.35% 272.97% 18.17%
LONG-TERM LIABILITIES
Long-Term Debt $146.8M $146.6M $319.3M
YoY Change -53.83% -53.81% 86.49%
Other Long-Term Liabilities $151.4M $228.4M $228.9M
YoY Change -34.51% -8.61% -8.68%
Total Long-Term Liabilities $298.2M $375.0M $548.2M
YoY Change -45.7% -33.89% 29.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $253.2M $241.6M $66.89M
Total Long-Term Liabilities $298.2M $375.0M $548.2M
Total Liabilities $551.4M $616.6M $615.1M
YoY Change -11.76% -2.44% 28.55%
SHAREHOLDERS EQUITY
Retained Earnings $46.85M -$24.70M
YoY Change
Common Stock $290.7M $283.5M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $332.4M $257.3M $253.4M
YoY Change
Total Liabilities & Shareholders Equity $1.016B $1.006B $1.001B
YoY Change -0.19% -1.56% 13.09%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $81.23M $8.005M -$10.26M
YoY Change 1292.58% -54.59% -167.73%
Depreciation, Depletion And Amortization $100.0K $53.00K $47.00K
YoY Change -45.95% -74.52% -84.33%
Cash From Operating Activities $34.60M $11.23M -$2.692M
YoY Change 24.82% -45.17% -241.68%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$151.0K -$54.00K
YoY Change -100.0% 106.85% -46.0%
Acquisitions
YoY Change
Other Investing Activities -$2.500M -$4.198M -$18.67M
YoY Change -95.96% -83.06% 239.4%
Cash From Investing Activities -$2.500M -$4.349M -$18.72M
YoY Change -95.97% -82.5% 234.3%
FINANCING ACTIVITIES
Cash Dividend Paid $4.842M
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.800M -4.837M -8.236M
YoY Change 0.06% -104.42% 14.39%
NET CHANGE
Cash From Operating Activities 34.60M 11.23M -2.692M
Cash From Investing Activities -2.500M -4.349M -18.72M
Cash From Financing Activities -4.800M -4.837M -8.236M
Net Change In Cash 27.30M 2.048M -29.65M
YoY Change -169.84% -98.05% 172.01%
FREE CASH FLOW
Cash From Operating Activities $34.60M $11.23M -$2.692M
Capital Expenditures $0.00 -$151.0K -$54.00K
Free Cash Flow $34.60M $11.39M -$2.638M
YoY Change 24.54% -44.63% -231.9%

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IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-16296000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
35067000
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2673000
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4259000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-14040000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2290000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
8005000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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32777000
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.2
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
145542000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
142915000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
145652000
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
158976000
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
164855000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
142915000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
163062000
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.03
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.03
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.06
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.06
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
8005000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
17630000
us-gaap Net Income Loss
NetIncomeLoss
-2256000
us-gaap Net Income Loss
NetIncomeLoss
32777000
CY2022Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-1721000
CY2021Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
170000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-2207000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
53000
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
170000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-2207000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
53000
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
6284000
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
17800000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-4463000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
32830000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
253377000
CY2022Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2432000
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1721000
CY2022Q2 us-gaap Dividends
Dividends
4837000
CY2022Q2 us-gaap Net Income Loss
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8005000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
257256000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
274184000
CY2021Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0
CY2021Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
31876000
CY2021Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2121000
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
170000
CY2021Q2 us-gaap Dividends
Dividends
4928000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
17630000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
257737000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
269424000
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
3394000
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
5368000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-2207000
us-gaap Dividends
Dividends
9679000
us-gaap Net Income Loss
NetIncomeLoss
-2256000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
257256000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
266265000
wetf Reclassification Of Equity Component Related To Convertible Notes Upon The Implementation Of Asu202006
ReclassificationOfEquityComponentRelatedToConvertibleNotesUponTheImplementationOfAsu202006
-3066000
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
34506000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
5264000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
53000
us-gaap Dividends
Dividends
9865000
us-gaap Net Income Loss
NetIncomeLoss
32777000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
257737000
us-gaap Net Income Loss
NetIncomeLoss
-2256000
us-gaap Net Income Loss
NetIncomeLoss
32777000
wetf Gain Loss From Change In Deferred Consideration
GainLossFromChangeInDeferredConsideration
-14707000
wetf Gain Loss From Change In Deferred Consideration
GainLossFromChangeInDeferredConsideration
3329000
wetf Advisory Fees Received In Gold
AdvisoryFeesReceivedInGold
31511000
wetf Advisory Fees Received In Gold
AdvisoryFeesReceivedInGold
39341000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
3378000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
3367000
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-9322000
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-696000
wetf Contractual Gold Payments
ContractualGoldPayments
8896000
wetf Contractual Gold Payments
ContractualGoldPayments
8584000
us-gaap Share Based Compensation
ShareBasedCompensation
5368000
us-gaap Share Based Compensation
ShareBasedCompensation
5264000
wetf Amortization Of Issuance Costs Convertible Notes
AmortizationOfIssuanceCostsConvertibleNotes
1293000
wetf Amortization Of Issuance Costs Convertible Notes
AmortizationOfIssuanceCostsConvertibleNotes
899000
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
332000
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
1340000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
100000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
508000
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
us-gaap Asset Impairment Charges
AssetImpairmentCharges
303000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-120000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
372000
wetf Increase Decrease In Gold And Other Precious Metals
IncreaseDecreaseInGoldAndOtherPreciousMetals
-23743000
wetf Increase Decrease In Gold And Other Precious Metals
IncreaseDecreaseInGoldAndOtherPreciousMetals
-27959000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
241000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
202000
wetf Increase Decrease In Intangibles Software Development
IncreaseDecreaseInIntangiblesSoftwareDevelopment
-724000
wetf Increase Decrease In Intangibles Software Development
IncreaseDecreaseInIntangiblesSoftwareDevelopment
0
wetf Increase Decrease In Fund Management And Administration Payable
IncreaseDecreaseInFundManagementAndAdministrationPayable
423000
wetf Increase Decrease In Fund Management And Administration Payable
IncreaseDecreaseInFundManagementAndAdministrationPayable
-896000
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-13537000
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-7396000
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
-5235000
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
-1852000
wetf Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
348000
wetf Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
1658000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
22390000
us-gaap Payments To Acquire Equity Securities Fv Ni
PaymentsToAcquireEquitySecuritiesFvNi
32488000
us-gaap Payments To Acquire Equity Securities Fv Ni
PaymentsToAcquireEquitySecuritiesFvNi
29819000
wetf Purchase Of Investments
PurchaseOfInvestments
11863000
wetf Purchase Of Investments
PurchaseOfInvestments
5750000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
205000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
173000
us-gaap Proceeds From Sale Of Equity Securities Fv Ni
ProceedsFromSaleOfEquitySecuritiesFvNi
21455000
us-gaap Proceeds From Sale Of Equity Securities Fv Ni
ProceedsFromSaleOfEquitySecuritiesFvNi
5212000
wetf Proceeds From Sale Of Canadian Etf Business Net
ProceedsFromSaleOfCanadianEtfBusinessNet
31000
wetf Proceeds From Sale Of Canadian Etf Business Net
ProceedsFromSaleOfCanadianEtfBusinessNet
77000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-23070000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-30453000
us-gaap Payments Of Dividends
PaymentsOfDividends
9679000
us-gaap Payments Of Dividends
PaymentsOfDividends
9865000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3394000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
34506000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
4297000
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
150000000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
815000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-13073000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
102147000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-3372000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
126000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-30973000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
94210000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
140709000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
73425000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
109736000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
167635000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
7724000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5846000
us-gaap Interest Paid Net
InterestPaidNet
6156000
us-gaap Interest Paid Net
InterestPaidNet
3719000
us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
77000
CY2021Q4 wetf Preferred Stock Redemption Value
PreferredStockRedemptionValue
90741000
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Use of Estimates </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The preparation of the Company’s consolidated financial statements in conformity with U.S. 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. </div></div>
CY2022Q2 wetf Deferred Consideration Perpetual Growth Rate
DeferredConsiderationPerpetualGrowthRate
0.0143
wetf Cash And Cash Equivalents Criteria Maturity Period
CashAndCashEquivalentsCriteriaMaturityPeriod
P90D
CY2022Q2 wetf Deferred Consideration Noncurrent
DeferredConsiderationNoncurrent
226141000
CY2021Q4 wetf Deferred Consideration Noncurrent
DeferredConsiderationNoncurrent
211323000
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
243000
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
643000
us-gaap Operating Lease Cost
OperatingLeaseCost
332000
CY2022Q2 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P12M
CY2021Q4 wetf Deferred Consideration Perpetual Growth Rate
DeferredConsiderationPerpetualGrowthRate
0.01
CY2022Q2 wetf Deferred Consideration Current
DeferredConsiderationCurrent
16626000
CY2021Q4 wetf Deferred Consideration Current
DeferredConsiderationCurrent
16739000
us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
31000
CY2022Q2 wetf Cash And Cash Equivalents At Carrying Value Held At One Financial Institution
CashAndCashEquivalentsAtCarryingValueHeldAtOneFinancialInstitution
109736000
CY2021Q4 wetf Cash And Cash Equivalents At Carrying Value Held At One Financial Institution
CashAndCashEquivalentsAtCarryingValueHeldAtOneFinancialInstitution
140709000
CY2022Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
2001000
CY2021Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
11488000
wetf Cash Equivalents Maturity Period
CashEquivalentsMaturityPeriod
P90D
CY2022Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
6700000
CY2021Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
0
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
0
CY2020Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
0
CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
5000000
CY2021Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
11863000
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
0
CY2022Q2 wetf Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Net Unrealized Gain Loss Included In Earnings And Other Comprehensive Income
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityNetUnrealizedGainLossIncludedInEarningsAndOtherComprehensiveIncome
12000
CY2021Q2 wetf Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Net Unrealized Gain Loss Included In Earnings And Other Comprehensive Income
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityNetUnrealizedGainLossIncludedInEarningsAndOtherComprehensiveIncome
0
wetf Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Net Unrealized Gain Loss Included In Earnings And Other Comprehensive Income
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityNetUnrealizedGainLossIncludedInEarningsAndOtherComprehensiveIncome
-151000
wetf Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Net Unrealized Gain Loss Included In Earnings And Other Comprehensive Income
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityNetUnrealizedGainLossIncludedInEarningsAndOtherComprehensiveIncome
0
CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
11712000
CY2021Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
0
CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
11712000
CY2021Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
0
CY2022Q2 us-gaap Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment
HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment
277000
CY2021Q4 us-gaap Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment
HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment
308000
CY2022Q2 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
2000
CY2021Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
13000
CY2022Q2 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
12000
CY2021Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
0
CY2022Q2 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
267000
CY2021Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
321000
CY2022Q2 us-gaap Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount
0
CY2021Q4 us-gaap Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount
0
CY2022Q2 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount
0
CY2021Q4 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount
0
CY2022Q2 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount
30000
CY2021Q4 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount
0
CY2022Q2 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount
247000
CY2021Q4 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount
308000
CY2022Q2 us-gaap Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment
HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment
277000
CY2021Q4 us-gaap Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment
HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment
308000
CY2022Q2 wetf Business Combination Deferred Consideration Liability
BusinessCombinationDeferredConsiderationLiability
242767000
CY2021Q4 wetf Business Combination Deferred Consideration Liability
BusinessCombinationDeferredConsiderationLiability
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<div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13. Contingencies </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company may be subject to reviews, inspections and investigations by regulatory authorities as well as legal proceedings arising in the ordinary course of business. </div></div> <div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Closure of the WisdomTree WTI Crude Oil 3x Daily Leveraged ETP </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In December 2020, WMAI, WTMAML, WTUK and WisdomTree Ireland Limited (“WT Ireland”) were served with a writ of summons to appear before the Court of Milan, Italy. In January 2021, WTUK was served with a writ of summons to appear before the Court of Udine, Italy. Investors had filed actions seeking damages resulting from the closure of the WisdomTree WTI Crude Oil 3x Daily Leveraged ETP (“3OIL”) in March 2020. The product was dependent on the receipt of payments from a swap provider to satisfy payment obligations to the investors. Due to an extreme adverse move in oil futures relative to the oil futures’ closing price, the swap contract underlying 3OIL was terminated by the swap provider, which resulted in the compulsory redemption of 3OIL, all in accordance with the prospectus. </div></div> <div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"/> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In February 2022, the Court of Udine ruled in the Company’s favor. Also in February 2022, WMAI, WTMAML, WTUK and WT Ireland were served with another writ of summons to appear before the Court of Milan by additional investors seeking damages resulting from the closure of 3OIL. </div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In March 2022, WMAI and WTUK were served with writs of summons to appear before the Court of Turin and the Court of Milan by additional investors seeking damages. These writs also were served on the intermediary brokers for the respective claimants, with the claimants alleging joint and several liability of WMAI, WTUK and such intermediary brokers. </div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total damages sought by all investors are approximately €15,800 ($16,600) at June 30, 2022. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company is currently assessing these claims with its external counsel. An accrual has not been made with respect to these matters at June 30, 2022 and December 31, 2021. </div><br/></div>
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