MDWT · Midwest Holding Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $30.05M | $30.06M | $10.58M | $3.40M | $875.8K | $4.54M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - |
| Total Operating Expenses | $21.66M | $41.93M | $21.44M | $8.77M | $5.91M | $7.26M |
| D&A | $338.0K | $50.0K | $57.4K | $58.8K | $61.3K | $288.0K |
| Operating Income | $8.39M | ($11.87M) | ($10.86M) | ($5.38M) | ($5.04M) | ($2.72M) |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $7.60M | $4.77M | $1.58M | $234.2K | - | - |
| Net Income | $7.14M | ($16.64M) | ($12.44M) | ($5.73M) | ($5.07M) | ($2.72M) |
| EPS - Basic | $1.91 | ($4.45) | ($4.88) | ($0.22) | - | - |
| EPS - Diluted | $1.88 | ($4.45) | ($4.42) | ($0.01) | - | - |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $191.41M | $142.01M | $151.68M | $43.72M | $2.83M | $951.5K |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $1.92B | $1.22B | $726.40M | $219.92M | $65.90M | $49.02M |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $1.89B | $1.13B | $640.07M | $205.76M | $68.54M | $46.80M |
| Stockholders' Equity | $23.91M | $70.76M | $86.33M | $14.03M | ($4.14M) | $2.22M |
| Retained Earnings | ($63.02M) | ($70.16M) | ($53.52M) | ($41.08M) | ($35.35M) | ($30.25M) |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $73.16M | ($25.34M) | ($16.24M) | ($2.46M) | ($20.37M) | ($927.1K) |
| Investing Cash Flow | ($708.71M) | ($452.41M) | ($367.48M) | ($117.89M) | $1.86M | ($907.7K) |
| Financing Cash Flow | $684.95M | $468.08M | $491.69M | $161.23M | $20.39M | $1.30M |
| CapEx | $1.83M | $331.0K | $69.3K | $45.6K | $12.7K | $32.6K |
| Free Cash Flow | $71.33M | ($25.67M) | ($16.31M) | ($2.50M) | ($20.38M) | ($959.7K) |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 27.9% | -39.5% | -102.6% | -158.1% | -575.2% | -59.9% |
| EBITDA margin | 29.0% | -39.3% | -102.0% | -156.4% | -568.1% | -53.6% |
| Net margin | 23.8% | -55.3% | -117.6% | -168.6% | -578.4% | -59.9% |
| Free cash flow margin | 237.4% | -85.4% | -154.2% | -73.6% | -2327.3% | -21.1% |
| FCF / Net income | 9.99 | 1.54 | 1.31 | 0.44 | 4.02 | 0.35 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | 51.6% | - | - | - | - | - |
| Return on assets | 0.4% | -1.4% | -1.7% | -2.6% | -7.7% | -5.5% |
| Return on equity | 29.9% | -23.5% | -14.4% | -40.9% | 122.4% | -122.4% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 80.33 | 17.24 | 8.41 | 15.67 | -15.93 | 22.06 |
| Liabilities / Assets | 0.98 | 0.93 | 0.88 | 0.94 | 1.04 | 0.95 |
| Efficiency | ||||||
| Asset turnover | 0.02 | 0.02 | 0.01 | 0.02 | 0.01 | 0.09 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -0.0% | 184.1% | 211.3% | 288.2% | -80.7% | 10.3% |
| Revenue CAGR (3y) | 106.8% | 225.0% | 32.6% | -6.2% | -38.6% | -0.7% |
| Revenue CAGR (5y) | 45.9% | 48.8% | 22.8% | -6.0% | -29.7% | -3.1% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | - | -9.4% | -102.0% | -6.7% | -85.2% | 47.4% |
| Net income growth (YoY) | - | -33.7% | -117.0% | -13.2% | -86.3% | 29.3% |
| EPS growth (YoY) | - | -0.7% | -88300.0% | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | -57.4% | -551.8% | 87.7% | -2023.9% | 0.1% |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -66.2% | -18.0% | 515.1% | - | - | -47.9% |
Stability scores
Piotroski F-score
FY 2022 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Life Insurance
Comparing MIDWEST HOLDING INC. against the 5 most active filers in the same SIC group.