WhiteHorse Finance Inc
NASDAQ:WHF
Income Statement
Earnings Waterfall
WhiteHorse Finance Inc
Revenue
|
103.3m
USD
|
Cost of Revenue
|
-55.3m
USD
|
Gross Profit
|
48m
USD
|
Operating Expenses
|
-5.3m
USD
|
Operating Income
|
42.7m
USD
|
Other Expenses
|
-22.3m
USD
|
Net Income
|
20.4m
USD
|
Income Statement
WhiteHorse Finance Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
38
N/A
|
37
0%
|
37
-1%
|
35
-5%
|
38
+7%
|
41
+8%
|
44
+8%
|
46
+6%
|
47
+2%
|
49
+5%
|
50
+2%
|
52
+5%
|
54
+3%
|
54
+0%
|
55
+2%
|
54
-2%
|
55
+1%
|
58
+6%
|
58
+1%
|
61
+4%
|
63
+5%
|
63
-1%
|
64
+2%
|
66
+4%
|
67
+1%
|
66
-2%
|
64
-3%
|
62
-2%
|
62
-1%
|
65
+6%
|
69
+5%
|
71
+3%
|
72
+2%
|
74
+3%
|
77
+4%
|
80
+4%
|
88
+9%
|
94
+7%
|
99
+6%
|
104
+4%
|
103
0%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(15)
|
(15)
|
(15)
|
(15)
|
(16)
|
(18)
|
(20)
|
(21)
|
(23)
|
(24)
|
(24)
|
(25)
|
(24)
|
(24)
|
(25)
|
(26)
|
(26)
|
(27)
|
(29)
|
(34)
|
(34)
|
(34)
|
(33)
|
(30)
|
(32)
|
(32)
|
(32)
|
(33)
|
(33)
|
(35)
|
(38)
|
(37)
|
(38)
|
(39)
|
(40)
|
(41)
|
(45)
|
(48)
|
(51)
|
(55)
|
(55)
|
|
Gross Profit |
23
N/A
|
23
+1%
|
22
-3%
|
20
-9%
|
21
+5%
|
22
+4%
|
24
+9%
|
26
+6%
|
24
-5%
|
26
+6%
|
26
+1%
|
27
+5%
|
30
+9%
|
30
-1%
|
30
+1%
|
29
-4%
|
29
+1%
|
31
+8%
|
29
-7%
|
27
-7%
|
29
+9%
|
29
-3%
|
31
+10%
|
37
+17%
|
35
-4%
|
34
-4%
|
32
-5%
|
29
-9%
|
28
-2%
|
30
+5%
|
31
+4%
|
33
+7%
|
34
+2%
|
35
+3%
|
37
+5%
|
39
+6%
|
43
+10%
|
45
+6%
|
48
+6%
|
49
+2%
|
48
-2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(5)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
|
Selling, General & Administrative |
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(5)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
|
Operating Income |
19
N/A
|
19
0%
|
18
-4%
|
16
-12%
|
17
+5%
|
18
+8%
|
20
+10%
|
22
+8%
|
21
-5%
|
22
+7%
|
23
+2%
|
24
+7%
|
27
+11%
|
27
-1%
|
27
+2%
|
26
-5%
|
26
+1%
|
28
+8%
|
26
-8%
|
24
-8%
|
25
+5%
|
24
-4%
|
27
+11%
|
32
+18%
|
31
-1%
|
30
-5%
|
28
-7%
|
25
-10%
|
24
-3%
|
26
+6%
|
27
+3%
|
28
+6%
|
29
+2%
|
30
+3%
|
32
+6%
|
34
+7%
|
37
+11%
|
39
+6%
|
42
+7%
|
43
+2%
|
43
-1%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(0)
|
3
|
5
|
6
|
3
|
(0)
|
(2)
|
(6)
|
(24)
|
(24)
|
(22)
|
(17)
|
4
|
9
|
7
|
9
|
8
|
10
|
25
|
37
|
32
|
26
|
13
|
(5)
|
(0)
|
(27)
|
(10)
|
7
|
8
|
35
|
22
|
7
|
1
|
(2)
|
(7)
|
(14)
|
(22)
|
(22)
|
(28)
|
(27)
|
(22)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
19
N/A
|
22
+15%
|
24
+8%
|
22
-6%
|
20
-12%
|
18
-8%
|
19
+4%
|
16
-17%
|
(3)
N/A
|
(2)
+27%
|
0
N/A
|
7
+2 310%
|
31
+319%
|
35
+13%
|
35
-2%
|
35
+1%
|
34
-2%
|
39
+12%
|
50
+30%
|
61
+21%
|
57
-6%
|
50
-12%
|
40
-21%
|
27
-32%
|
31
+14%
|
3
-91%
|
17
+507%
|
32
+85%
|
32
-2%
|
61
+92%
|
49
-20%
|
35
-28%
|
30
-14%
|
28
-8%
|
24
-11%
|
20
-18%
|
16
-22%
|
17
+12%
|
14
-20%
|
16
+12%
|
20
+29%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Income from Continuing Operations |
19
|
22
|
24
|
22
|
20
|
18
|
19
|
16
|
(3)
|
(2)
|
0
|
7
|
31
|
35
|
35
|
35
|
34
|
39
|
50
|
61
|
57
|
50
|
40
|
27
|
31
|
3
|
17
|
32
|
32
|
61
|
49
|
35
|
30
|
28
|
24
|
20
|
16
|
17
|
14
|
16
|
20
|
|
Net Income (Common) |
19
N/A
|
22
+15%
|
24
+8%
|
22
-6%
|
20
-12%
|
18
-8%
|
19
+4%
|
16
-17%
|
(3)
N/A
|
(2)
+27%
|
0
N/A
|
7
+2 310%
|
31
+319%
|
35
+13%
|
35
-2%
|
35
+1%
|
34
-2%
|
39
+12%
|
50
+30%
|
61
+21%
|
57
-6%
|
50
-12%
|
40
-21%
|
27
-32%
|
31
+14%
|
3
-91%
|
17
+507%
|
32
+85%
|
32
-2%
|
61
+92%
|
49
-20%
|
35
-28%
|
30
-14%
|
28
-8%
|
24
-11%
|
20
-18%
|
16
-22%
|
17
+12%
|
14
-20%
|
16
+12%
|
20
+29%
|
|
EPS (Diluted) |
1.26
N/A
|
1.46
+16%
|
1.58
+8%
|
1.48
-6%
|
1.3
-12%
|
1.19
-8%
|
1.24
+4%
|
1.04
-16%
|
-0.18
N/A
|
-0.13
+28%
|
0.01
N/A
|
0.4
+3 900%
|
1.71
+328%
|
1.94
+13%
|
1.9
-2%
|
1.7
-11%
|
1.77
+4%
|
1.88
+6%
|
2.45
+30%
|
2.96
+21%
|
2.79
-6%
|
2.46
-12%
|
1.93
-22%
|
1.31
-32%
|
1.5
+15%
|
0.14
-91%
|
0.85
+507%
|
1.57
+85%
|
1.54
-2%
|
2.96
+92%
|
2.36
-20%
|
1.68
-29%
|
1.42
-15%
|
1.19
-16%
|
1.05
-12%
|
0.88
-16%
|
0.68
-23%
|
0.76
+12%
|
0.61
-20%
|
0.68
+11%
|
0.88
+29%
|