ECC FY 2017 Earnings Report — Eagle Point Credit Company Inc. Revenue & Financial Results | Market Cap Arena

Eagle Point Credit Company Inc.ECC

FY 2017 Earnings

Reported December 31, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$48M	—	$58M	—	-16.8%
Op. Income	$31M	—	$40M	—	-23.1%
Gross Margin	73.1%	—	76.4%	—	-3.4pp
Net Margin	64.8%	—	157.5%	—	-92.7pp
EPS (Diluted)	$1.76	—	$5.61	—	-68.6%
Free Cash Flow	-$29M	—	$35M	—	-183.3%

Revenue Flow

Item	Amount
REVENUE	$48M
Cost of Revenue	$13M
GROSS PROFIT	$35M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$3M
SG&A Expenses	$3M
Other Expenses	$760.2K
Operating Expenses	$4M
Cost & Expenses	$17M
OPERATING INCOME	$31M
Interest Income	$61M
Interest Expense	$13M
Other Income/Expenses	-$16M
INCOME BEFORE TAX	$31M
Income Tax Expense	$0
Net Income from Continuing Ops	$31M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$31M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$31M
D&A	$0
EBIT	$31M
EBITDA	$31M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$48M
Cost of Revenue	$13M
GROSS PROFIT	$35M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$3M
SG&A Expenses	$3M
Other Expenses	$760.2K
Operating Expenses	$4M
Cost & Expenses	$17M
OPERATING INCOME	$31M
Interest Income	$61M
Interest Expense	$13M
Other Income/Expenses	-$16M
INCOME BEFORE TAX	$31M
Income Tax Expense	$0
Net Income from Continuing Ops	$31M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$31M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$31M
D&A	$0
EBIT	$31M
EBITDA	$31M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$31M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$68M
Change in Working Capital	$8M
OPERATING CASH FLOW	-$29M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$258M
Sales/Maturities of Investments	$187M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$71M
Net Debt Issuance	$32M
Common Stock Repurchased	$0
Common Dividends Paid	-$57M
Other Financing Activities	-$1M
NET CASH FROM FINANCING	$17M
FREE CASH FLOW	-$29M
Net Change in Cash	-$12M

Balance Sheet

Item	Amount
Cash & Equivalents	$14M
Short-Term Investments	$0
Net Receivables	$18M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$33M
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$480M
TOTAL NON-CURRENT ASSETS	$480M
TOTAL ASSETS	$513M
Account Payables	$16M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$16M
Long-Term Debt	$89M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$93M
TOTAL NON-CURRENT LIABILITIES	$182M
TOTAL LIABILITIES	$198M
Common Stock	$358M
Additional Paid-In Capital	$0
Retained Earnings	-$30M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	-$13M
TOTAL STOCKHOLDERS' EQUITY	$315M
Minority Interest	$0
TOTAL EQUITY	$315M
TOTAL LIABILITIES & EQUITY	$513M
Total Debt	$89M
Net Debt	$75M