MCI FY 2014 Earnings Report — Barings Corporate Investors Revenue & Financial Results | Market Cap Arena

Barings Corporate InvestorsMCI

FY 2014 Earnings

Reported December 30, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$30M	—	$29M	—	4.6%
Op. Income	$26M	—	$24M	—	4.6%
Gross Margin	100.0%	—	100.0%	—	0.0pp
Net Margin	108.5%	—	111.4%	—	-2.9pp
EPS (Diluted)	$1.68	—	$1.66	—	1.2%
Free Cash Flow	$10M	—	$42M	—	-76.2%

Revenue Flow

Item	Amount
REVENUE	$30M
Cost of Revenue	$0
GROSS PROFIT	$30M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$5M
SG&A Expenses	$5M
Other Expenses	$0
Operating Expenses	$4M
Cost & Expenses	$4M
OPERATING INCOME	$26M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	$7M
INCOME BEFORE TAX	$33M
Income Tax Expense	$0
Net Income from Continuing Ops	$33M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$33M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$33M
D&A	-$26M
EBIT	$26M
EBITDA	$0
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$30M
Cost of Revenue	$0
GROSS PROFIT	$30M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$5M
SG&A Expenses	$5M
Other Expenses	$0
Operating Expenses	$4M
Cost & Expenses	$4M
OPERATING INCOME	$26M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	$7M
INCOME BEFORE TAX	$33M
Income Tax Expense	$0
Net Income from Continuing Ops	$33M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$33M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$33M
D&A	-$26M
EBIT	$26M
EBITDA	$0
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$33M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$3M
Change in Working Capital	-$26M
OPERATING CASH FLOW	$10M
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	-$23M
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$21M
FREE CASH FLOW	$10M
Net Change in Cash	-$11M

Balance Sheet

Item	Amount
Cash & Equivalents	$12M
Short-Term Investments	$0
Net Receivables	$3M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$15M
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$69M
Tax Assets	$0
Other Non-Current Assets	$239M
TOTAL NON-CURRENT ASSETS	$307M
TOTAL ASSETS	$323M
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$10M
TOTAL CURRENT LIABILITIES	$12M
Long-Term Debt	$30M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1M
TOTAL NON-CURRENT LIABILITIES	$31M
TOTAL LIABILITIES	$43M
Common Stock	$20M
Additional Paid-In Capital	$115M
Retained Earnings	$146M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$280M
Minority Interest	$0
TOTAL EQUITY	$280M
TOTAL LIABILITIES & EQUITY	$323M
Total Debt	$30M
Net Debt	$18M