MCI FY 2013 Earnings Report — Barings Corporate Investors Revenue & Financial Results | Market Cap Arena

Barings Corporate InvestorsMCI

FY 2013 Earnings

Reported December 30, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$29M	—	$30M	—	-4.5%
Op. Income	$24M	—	$26M	—	-6.3%
Gross Margin	100.0%	—	100.0%	—	0.0pp
Net Margin	111.4%	—	124.6%	—	-13.2pp
EPS (Diluted)	$1.66	—	$1.96	—	-15.3%
Free Cash Flow	$42M	—	$21M	—	96.7%

Revenue Flow

Item	Amount
REVENUE	$29M
Cost of Revenue	$0
GROSS PROFIT	$29M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$4M
SG&A Expenses	$4M
Other Expenses	$0
Operating Expenses	$5M
Cost & Expenses	$5M
OPERATING INCOME	$24M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	$8M
INCOME BEFORE TAX	$32M
Income Tax Expense	$0
Net Income from Continuing Ops	$32M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$32M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$32M
D&A	-$24M
EBIT	$24M
EBITDA	$0
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$29M
Cost of Revenue	$0
GROSS PROFIT	$29M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$4M
SG&A Expenses	$4M
Other Expenses	$0
Operating Expenses	$5M
Cost & Expenses	$5M
OPERATING INCOME	$24M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	$8M
INCOME BEFORE TAX	$32M
Income Tax Expense	$0
Net Income from Continuing Ops	$32M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$32M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$32M
D&A	-$24M
EBIT	$24M
EBITDA	$0
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$32M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$565.0K
Change in Working Capital	$10M
OPERATING CASH FLOW	$42M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	$0
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$25M
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$23M
FREE CASH FLOW	$42M
Net Change in Cash	$19M

Balance Sheet

Item	Amount
Cash & Equivalents	$24M
Short-Term Investments	$0
Net Receivables	$2M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$26M
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$47M
Tax Assets	$0
Other Non-Current Assets	$236M
TOTAL NON-CURRENT ASSETS	$282M
TOTAL ASSETS	$308M
Account Payables	$520.1K
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$7M
TOTAL CURRENT LIABILITIES	$8M
Long-Term Debt	$30M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1M
TOTAL NON-CURRENT LIABILITIES	$31M
TOTAL LIABILITIES	$40M
Common Stock	$19M
Additional Paid-In Capital	$114M
Retained Earnings	$136M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$269M
Minority Interest	$0
TOTAL EQUITY	$269M
TOTAL LIABILITIES & EQUITY	$308M
Total Debt	$30M
Net Debt	$6M