ECCW FY 2016 Earnings Report — Eagle Point Credit Company Inc. Revenue & Financial Results | Market Cap Arena

Eagle Point Credit Company Inc.ECCW

FY 2016 Earnings

Reported December 30, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$58M	—	$42M	—	36.4%
Op. Income	$40M	—	$29M	—	38.9%
Gross Margin	76.4%	—	100.0%	—	-23.6pp
Net Margin	157.5%	—	-96.7%	—	254.2pp
EPS (Diluted)	$5.61	—	$-2.96	—	289.5%
Free Cash Flow	$35M	—	-$77M	—	145.5%

Revenue Flow

Item	Amount
REVENUE	$58M
Cost of Revenue	$14M
GROSS PROFIT	$44M
R&D Expenses	$1
Selling & Marketing	$0
General & Administrative	$15M
SG&A Expenses	$15M
Other Expenses	$0
Operating Expenses	$15M
Cost & Expenses	-$33M
OPERATING INCOME	$40M
Interest Income	$8M
Interest Expense	$0
Other Income/Expenses	$50M
INCOME BEFORE TAX	$91M
Income Tax Expense	$384.8K
Net Income from Continuing Ops	$91M
Net Income from Discontinued Ops	$0
Other Adjustments	$384.8K
NET INCOME	$91M
Net Income Deductions	$384.8K
BOTTOM LINE NET INCOME	$91M
D&A	-$33M
EBIT	$91M
EBITDA	$51M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$58M
Cost of Revenue	$14M
GROSS PROFIT	$44M
R&D Expenses	$1
Selling & Marketing	$0
General & Administrative	$15M
SG&A Expenses	$15M
Other Expenses	$0
Operating Expenses	$15M
Cost & Expenses	-$33M
OPERATING INCOME	$40M
Interest Income	$8M
Interest Expense	$0
Other Income/Expenses	$50M
INCOME BEFORE TAX	$91M
Income Tax Expense	$384.8K
Net Income from Continuing Ops	$91M
Net Income from Discontinued Ops	$0
Other Adjustments	$384.8K
NET INCOME	$91M
Net Income Deductions	$384.8K
BOTTOM LINE NET INCOME	$91M
D&A	-$33M
EBIT	$91M
EBITDA	$51M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$91M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$61M
Change in Working Capital	$3M
OPERATING CASH FLOW	$35M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$282M
Sales/Maturities of Investments	$164M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$117M
Net Debt Issuance	$35M
Common Stock Repurchased	$0
Common Dividends Paid	-$35M
Other Financing Activities	$87M
NET CASH FROM FINANCING	$87M
FREE CASH FLOW	$35M
Net Change in Cash	$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$26M
Short-Term Investments	$0
Net Receivables	$456.5K
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$38M
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$411M
Tax Assets	$448M
Other Non-Current Assets	-$448M
TOTAL NON-CURRENT ASSETS	$411M
TOTAL ASSETS	$448M
Account Payables	$124.3K
Short-Term Debt	$0
Deferred Revenue	-$291M
Other Current Liabilities	$11M
TOTAL CURRENT LIABILITIES	$15M
Long-Term Debt	$145M
Deferred Revenue NC	$160M
Deferred Tax Liabilities	-$134M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$145M
TOTAL LIABILITIES	$160M
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$288M
Treasury Stock	$0
Accum. Other Comp. Income	$288M
Other Equity	$304M
TOTAL STOCKHOLDERS' EQUITY	$448M
Minority Interest	$119M
TOTAL EQUITY	$567M
TOTAL LIABILITIES & EQUITY	$145M
Total Debt	$145M
Net Debt	$119M