GBDC FY 2016 Earnings Report — Golub Capital BDC, Inc. Revenue & Financial Results | Market Cap Arena

Golub Capital BDC, Inc.GBDC

FY 2016 Earnings

Reported November 16, 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	$128M	—	$101M	—	26.3%
Op. Income	$93M	—	$71M	—	31.4%
Gross Margin	100.0%	—	75.8%	—	24.2pp
Net Margin	54.1%	—	69.9%	—	-15.8pp
EPS (Diluted)	$1.33	—	$1.44	—	-7.6%
Free Cash Flow	-$56M	—	-$103M	—	45.7%

Revenue Flow

Item	Amount
REVENUE	$128M
Cost of Revenue	$0
GROSS PROFIT	$128M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$35M
SG&A Expenses	$35M
Other Expenses	$0
Operating Expenses	$35M
Cost & Expenses	$35M
OPERATING INCOME	$93M
Interest Income	$122M
Interest Expense	$28M
Other Income/Expenses	-$24M
INCOME BEFORE TAX	$70M
Income Tax Expense	$333.0K
Net Income from Continuing Ops	$69M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$69M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$69M
D&A	$0
EBIT	$93M
EBITDA	$93M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$128M
Cost of Revenue	$0
GROSS PROFIT	$128M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$35M
SG&A Expenses	$35M
Other Expenses	$0
Operating Expenses	$35M
Cost & Expenses	$35M
OPERATING INCOME	$93M
Interest Income	$122M
Interest Expense	$28M
Other Income/Expenses	-$24M
INCOME BEFORE TAX	$70M
Income Tax Expense	$333.0K
Net Income from Continuing Ops	$69M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$69M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$69M
D&A	$0
EBIT	$93M
EBITDA	$93M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$69M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$127M
Change in Working Capital	$1M
OPERATING CASH FLOW	-$56M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$13M
NET CASH FROM INVESTING	$13M
Net Debt Issuance	$52M
Common Stock Repurchased	$0
Common Dividends Paid	-$60M
Other Financing Activities	-$2M
NET CASH FROM FINANCING	$48M
FREE CASH FLOW	-$56M
Net Change in Cash	-$8M

Balance Sheet

Item	Amount
Cash & Equivalents	$11M
Short-Term Investments	$0
Net Receivables	$6M
Inventory	$0
Other Current Assets	$79M
TOTAL CURRENT ASSETS	$95M
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$1.7B
Tax Assets	$0
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$1.7B
TOTAL ASSETS	$1.8B
Account Payables	$5M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$136.0K
TOTAL CURRENT LIABILITIES	$18M
Long-Term Debt	$860M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$48.0K
TOTAL NON-CURRENT LIABILITIES	$860M
TOTAL LIABILITIES	$878M
Common Stock	$55.0K
Additional Paid-In Capital	$856M
Retained Earnings	$19M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$4M
TOTAL STOCKHOLDERS' EQUITY	$879M
Minority Interest	$0
TOTAL EQUITY	$879M
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$860M
Net Debt	$849M