CSWC FY 2014 Earnings Report — Capital Southwest Corporation Revenue & Financial Results | Market Cap Arena

Capital Southwest CorporationCSWC

FY 2014 Earnings

Reported June 3, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$120M	—	$117M	—	3.0%
Op. Income	$111M	—	$108M	—	2.6%
Gross Margin	100.0%	—	100.0%	—	0.0pp
Net Margin	93.1%	—	92.3%	—	0.7pp
EPS (Diluted)	$7.32	—	$6.94	—	5.5%
Free Cash Flow	$8M	—	$93M	—	-91.0%

Revenue Flow

Item	Amount
REVENUE	$120M
Cost of Revenue	$0
GROSS PROFIT	$120M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$3M
SG&A Expenses	$3M
Other Expenses	$6M
Operating Expenses	$9M
Cost & Expenses	$9M
OPERATING INCOME	$111M
Interest Income	$12M
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$111M
Income Tax Expense	-$739.0K
Net Income from Continuing Ops	$112M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$112M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$112M
D&A	$23.0K
EBIT	$111M
EBITDA	$111M
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$120M
Cost of Revenue	$0
GROSS PROFIT	$120M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$3M
SG&A Expenses	$3M
Other Expenses	$6M
Operating Expenses	$9M
Cost & Expenses	$9M
OPERATING INCOME	$111M
Interest Income	$12M
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$111M
Income Tax Expense	-$739.0K
Net Income from Continuing Ops	$112M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$112M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$112M
D&A	$23.0K
EBIT	$111M
EBITDA	$111M
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$112M
Depreciation & Amortization	$23.0K
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$104M
Change in Working Capital	$569.0K
OPERATING CASH FLOW	$8M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	$0
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$3M
Other Financing Activities	$1M
NET CASH FROM FINANCING	-$2M
FREE CASH FLOW	$8M
Net Change in Cash	$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$88M
Short-Term Investments	$0
Net Receivables	$1M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$89M
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$689M
TOTAL NON-CURRENT ASSETS	$689M
TOTAL ASSETS	$779M
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$8M
TOTAL NON-CURRENT LIABILITIES	$8M
TOTAL LIABILITIES	$8M
Common Stock	$4M
Additional Paid-In Capital	$196M
Retained Earnings	$1M
Treasury Stock	-$24M
Accum. Other Comp. Income	$0
Other Equity	$593M
TOTAL STOCKHOLDERS' EQUITY	$770M
Minority Interest	$0
TOTAL EQUITY	$770M
TOTAL LIABILITIES & EQUITY	$779M
Total Debt	$0
Net Debt	-$88M