ECCU FY 2021 Earnings Report — Eagle Point Credit Company Inc. Revenue & Financial Results | Market Cap Arena

Eagle Point Credit Company Inc.ECCU

FY 2021 Earnings

Reported December 31, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$155M	—	$75M	—	108.3%
Op. Income	$132M	—	$61M	—	116.6%
Gross Margin	90.7%	—	85.9%	—	4.8pp
Net Margin	84.9%	—	81.7%	—	3.2pp
EPS (Diluted)	$3.94	—	$1.88	—	109.6%
Free Cash Flow	$43M	—	$1M	—	3392.0%

Revenue Flow

Item	Amount
REVENUE	$155M
Cost of Revenue	$14M
GROSS PROFIT	$141M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$7M
SG&A Expenses	$7M
Other Expenses	$2M
Operating Expenses	$9M
Cost & Expenses	$23M
OPERATING INCOME	$132M
Interest Income	$82M
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$132M
Income Tax Expense	$0
Net Income from Continuing Ops	$132M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$132M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$132M
D&A	$0
EBIT	$132M
EBITDA	$132M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$155M
Cost of Revenue	$14M
GROSS PROFIT	$141M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$7M
SG&A Expenses	$7M
Other Expenses	$2M
Operating Expenses	$9M
Cost & Expenses	$23M
OPERATING INCOME	$132M
Interest Income	$82M
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$132M
Income Tax Expense	$0
Net Income from Continuing Ops	$132M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$132M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$132M
D&A	$0
EBIT	$132M
EBITDA	$132M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$132M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$87M
Change in Working Capital	-$2M
OPERATING CASH FLOW	$43M
Capital Expenditure	$2
Acquisitions (Net)	$0
Purchases of Investments	-$485M
Sales/Maturities of Investments	$328M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$157M
Net Debt Issuance	$115M
Common Stock Repurchased	-$278.6K
Common Dividends Paid	$0
Other Financing Activities	-$26M
NET CASH FROM FINANCING	$124M
FREE CASH FLOW	$43M
Net Change in Cash	$9M

Balance Sheet

Item	Amount
Cash & Equivalents	$14M
Short-Term Investments	$0
Net Receivables	$23M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$37M
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$731M
TOTAL NON-CURRENT ASSETS	$731M
TOTAL ASSETS	$768M
Account Payables	$19M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$19M
Long-Term Debt	$141M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$83M
TOTAL NON-CURRENT LIABILITIES	$223M
TOTAL LIABILITIES	$242M
Common Stock	$518M
Additional Paid-In Capital	$0
Retained Earnings	-$13M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	-$2M
TOTAL STOCKHOLDERS' EQUITY	$526M
Minority Interest	$0
TOTAL EQUITY	$526M
TOTAL LIABILITIES & EQUITY	$768M
Total Debt	$141M
Net Debt	$127M