HCXY FY 2020 Earnings Report — Hercules Capital, Inc. Revenue & Financial Results | Market Cap Arena

Hercules Capital, Inc.HCXY

FY 2020 Earnings

Reported February 23, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$287M	—	$268M	—	7.2%
Op. Income	$228M	—	$207M	—	10.2%
Gross Margin	100.0%	—	100.0%	—	0.0pp
Net Margin	79.1%	—	64.8%	—	14.3pp
EPS (Diluted)	$2.01	—	$1.71	—	17.5%
Free Cash Flow	$155M	—	-$241M	—	164.2%

Revenue Flow

Item	Amount
REVENUE	$287M
Cost of Revenue	$0
GROSS PROFIT	$287M
R&D Expenses	$0
Selling & Marketing	$43M
General & Administrative	$16M
SG&A Expenses	$59M
Other Expenses	$0
Operating Expenses	$59M
Cost & Expenses	$59M
OPERATING INCOME	$228M
Interest Income	$263M
Interest Expense	$60M
Other Income/Expenses	-$1M
INCOME BEFORE TAX	$227M
Income Tax Expense	$0
Net Income from Continuing Ops	$227M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$227M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$226M
D&A	$415.0K
EBIT	$224M
EBITDA	$224M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$287M
Cost of Revenue	$0
GROSS PROFIT	$287M
R&D Expenses	$0
Selling & Marketing	$43M
General & Administrative	$16M
SG&A Expenses	$59M
Other Expenses	$0
Operating Expenses	$59M
Cost & Expenses	$59M
OPERATING INCOME	$228M
Interest Income	$263M
Interest Expense	$60M
Other Income/Expenses	-$1M
INCOME BEFORE TAX	$227M
Income Tax Expense	$0
Net Income from Continuing Ops	$227M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$227M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$226M
D&A	$415.0K
EBIT	$224M
EBITDA	$224M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$226M
Depreciation & Amortization	$415.0K
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$77M
Change in Working Capital	$6M
OPERATING CASH FLOW	$155M
Capital Expenditure	-$137.0K
Acquisitions (Net)	$0
Purchases of Investments	-$761M
Sales/Maturities of Investments	$814M
Other Investing Activities	$0
NET CASH FROM INVESTING	$53M
Net Debt Issuance	-$8M
Common Stock Repurchased	-$2M
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	-$85M
FREE CASH FLOW	$155M
Net Change in Cash	$123M

Balance Sheet

Item	Amount
Cash & Equivalents	$198M
Short-Term Investments	$0
Net Receivables	$19M
Inventory	$0
Other Current Assets	$39M
TOTAL CURRENT ASSETS	$257M
PP&E (Net)	$9M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$2.4B
Tax Assets	$0
Other Non-Current Assets	$4M
TOTAL NON-CURRENT ASSETS	$2.4B
TOTAL ASSETS	$2.6B
Account Payables	$36M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$36M
Long-Term Debt	$1.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$1.3B
TOTAL LIABILITIES	$1.3B
Common Stock	$115.0K
Additional Paid-In Capital	$1.2B
Retained Earnings	$133M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$1
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$2.6B
Total Debt	$1.3B
Net Debt	$1.1B