Western Asset Mortgage Capital Corp
NYSE:WMC
Income Statement
Earnings Waterfall
Western Asset Mortgage Capital Corp
Revenue
|
156.1m
USD
|
Cost of Revenue
|
-153.9m
USD
|
Gross Profit
|
2.2m
USD
|
Operating Expenses
|
-13.9m
USD
|
Operating Income
|
-11.7m
USD
|
Other Expenses
|
-27k
USD
|
Net Income
|
-11.7m
USD
|
Income Statement
Western Asset Mortgage Capital Corp
Sep-2013 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
15
N/A
|
16
+5%
|
34
+109%
|
132
+287%
|
155
+17%
|
159
+3%
|
189
+19%
|
123
-35%
|
99
-19%
|
60
-39%
|
18
-69%
|
40
+116%
|
75
+88%
|
64
-15%
|
116
+80%
|
123
+7%
|
117
-5%
|
178
+52%
|
188
+6%
|
192
+2%
|
215
+12%
|
199
-7%
|
219
+10%
|
228
+4%
|
226
-1%
|
252
+11%
|
(161)
N/A
|
(186)
-16%
|
(152)
+18%
|
(157)
-3%
|
234
N/A
|
201
-14%
|
135
-33%
|
108
-20%
|
74
-31%
|
90
+21%
|
59
-34%
|
74
+26%
|
106
+43%
|
125
+18%
|
156
+25%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(27)
|
(26)
|
(24)
|
(26)
|
(29)
|
(32)
|
(36)
|
(37)
|
(37)
|
(39)
|
(40)
|
(41)
|
(42)
|
(43)
|
(43)
|
(45)
|
(49)
|
(57)
|
(68)
|
(96)
|
(123)
|
(147)
|
(162)
|
(162)
|
(162)
|
(158)
|
(157)
|
(162)
|
(157)
|
(158)
|
(159)
|
(149)
|
(149)
|
(143)
|
(137)
|
(135)
|
(137)
|
(142)
|
(147)
|
(150)
|
(154)
|
|
Gross Profit |
(12)
N/A
|
(10)
+19%
|
10
N/A
|
106
+929%
|
126
+19%
|
127
+1%
|
153
+21%
|
86
-44%
|
62
-28%
|
22
-64%
|
(22)
N/A
|
(1)
+94%
|
33
N/A
|
21
-37%
|
72
+240%
|
78
+8%
|
68
-13%
|
121
+79%
|
120
-1%
|
96
-20%
|
92
-4%
|
52
-43%
|
57
+9%
|
67
+17%
|
65
-3%
|
94
+45%
|
(317)
N/A
|
(348)
-10%
|
(309)
+11%
|
(314)
-2%
|
75
N/A
|
51
-32%
|
(13)
N/A
|
(35)
-160%
|
(63)
-79%
|
(45)
+28%
|
(78)
-72%
|
(67)
+14%
|
(41)
+40%
|
(25)
+39%
|
2
N/A
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(6)
|
(6)
|
(7)
|
(8)
|
(8)
|
(9)
|
(10)
|
(11)
|
(11)
|
(12)
|
(12)
|
(12)
|
(11)
|
(11)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(11)
|
(12)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(13)
|
(13)
|
(12)
|
(15)
|
(17)
|
(17)
|
(19)
|
(18)
|
(16)
|
(18)
|
(14)
|
|
Selling, General & Administrative |
(6)
|
(6)
|
(7)
|
(8)
|
(8)
|
(9)
|
(10)
|
(11)
|
(11)
|
(12)
|
(12)
|
(11)
|
(10)
|
(10)
|
(9)
|
(8)
|
(8)
|
(7)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(9)
|
(10)
|
(10)
|
(11)
|
(11)
|
(11)
|
(10)
|
(10)
|
(10)
|
(9)
|
(10)
|
(10)
|
(10)
|
(11)
|
(9)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(4)
|
(5)
|
(6)
|
(7)
|
(6)
|
(6)
|
(6)
|
(5)
|
(4)
|
(4)
|
(3)
|
(2)
|
(2)
|
(2)
|
(5)
|
(7)
|
(7)
|
(9)
|
(8)
|
(6)
|
(7)
|
(5)
|
|
Operating Income |
(18)
N/A
|
(16)
+11%
|
4
N/A
|
98
+2 705%
|
117
+19%
|
118
+0%
|
143
+22%
|
75
-47%
|
50
-33%
|
10
-80%
|
(34)
N/A
|
(13)
+62%
|
22
N/A
|
10
-54%
|
63
+502%
|
68
+9%
|
58
-16%
|
112
+93%
|
110
-2%
|
85
-23%
|
80
-6%
|
38
-52%
|
42
+11%
|
52
+23%
|
50
-4%
|
80
+60%
|
(331)
N/A
|
(362)
-9%
|
(323)
+11%
|
(328)
-1%
|
62
N/A
|
39
-37%
|
(26)
N/A
|
(50)
-92%
|
(80)
-61%
|
(62)
+22%
|
(97)
-56%
|
(85)
+12%
|
(57)
+34%
|
(43)
+24%
|
(12)
+73%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Non-Reccuring Items |
(6)
|
(12)
|
(11)
|
(11)
|
(11)
|
(17)
|
(20)
|
(21)
|
(24)
|
(20)
|
(26)
|
(28)
|
(27)
|
(32)
|
(28)
|
(28)
|
(30)
|
(23)
|
(20)
|
(16)
|
(11)
|
(11)
|
(9)
|
(10)
|
(9)
|
(9)
|
(7)
|
(4)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
(24)
N/A
|
(28)
-17%
|
(8)
+72%
|
87
N/A
|
106
+21%
|
101
-5%
|
123
+22%
|
54
-56%
|
26
-52%
|
(10)
N/A
|
(60)
-531%
|
(41)
+32%
|
(5)
+89%
|
(22)
-379%
|
35
N/A
|
40
+16%
|
28
-32%
|
89
+221%
|
90
+2%
|
69
-24%
|
68
-1%
|
27
-60%
|
33
+22%
|
43
+29%
|
41
-3%
|
72
+74%
|
(338)
N/A
|
(366)
-8%
|
(326)
+11%
|
(328)
-1%
|
62
N/A
|
39
-37%
|
(26)
N/A
|
(50)
-92%
|
(80)
-61%
|
(62)
+22%
|
(97)
-56%
|
(85)
+12%
|
(57)
+34%
|
(43)
+24%
|
(12)
+73%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(3)
|
(3)
|
(6)
|
(2)
|
(4)
|
(3)
|
(1)
|
(3)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
|
Income from Continuing Operations |
(24)
|
(28)
|
(8)
|
87
|
106
|
101
|
123
|
54
|
26
|
(10)
|
(60)
|
(41)
|
(7)
|
(25)
|
32
|
35
|
25
|
85
|
87
|
67
|
65
|
26
|
33
|
42
|
41
|
71
|
(339)
|
(367)
|
(327)
|
(328)
|
61
|
38
|
(26)
|
(50)
|
(80)
|
(62)
|
(98)
|
(86)
|
(57)
|
(43)
|
(12)
|
|
Income to Minority Interest |
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
|
1
|
(3)
|
(3)
|
(3)
|
(4)
|
0
|
0
|
0
|
|
Net Income (Common) |
(24)
N/A
|
(29)
-18%
|
(9)
+70%
|
86
N/A
|
105
+21%
|
100
-5%
|
122
+22%
|
53
-57%
|
25
-53%
|
(11)
N/A
|
(61)
-480%
|
(42)
+32%
|
(7)
+82%
|
(25)
-245%
|
31
N/A
|
34
+11%
|
25
-27%
|
85
+238%
|
86
+2%
|
67
-22%
|
65
-3%
|
26
-60%
|
32
+23%
|
42
+28%
|
40
-3%
|
70
+75%
|
(339)
N/A
|
(367)
-8%
|
(327)
+11%
|
(328)
-1%
|
61
N/A
|
38
-38%
|
(26)
N/A
|
(49)
-91%
|
(83)
-69%
|
(65)
+21%
|
(101)
-55%
|
(89)
+12%
|
(57)
+36%
|
(43)
+24%
|
(12)
+73%
|
|
EPS (Diluted) |
-9.19
N/A
|
-12
-31%
|
-2.39
+80%
|
20.89
N/A
|
25.31
+21%
|
26.97
+7%
|
29.47
+9%
|
12.79
-57%
|
6.06
-53%
|
-2.56
N/A
|
-14.59
-470%
|
-9.84
+33%
|
-1.76
+82%
|
-6.04
-243%
|
7.47
N/A
|
8.24
+10%
|
5.97
-28%
|
20.19
+238%
|
20.75
+3%
|
15.72
-24%
|
15.5
-1%
|
6.11
-61%
|
6.47
+6%
|
8.2
+27%
|
7.58
-8%
|
13.8
+82%
|
-63.53
N/A
|
-57.01
+10%
|
-53.83
+6%
|
-57.61
-7%
|
10.09
N/A
|
6.26
-38%
|
-4.23
N/A
|
-8.03
-90%
|
-13.73
-71%
|
-10.77
+22%
|
-16.7
-55%
|
-14.86
+11%
|
-9.4
+37%
|
-7.13
+24%
|
-1.95
+73%
|