MCI FY 2015 Earnings Report — Barings Corporate Investors Revenue & Financial Results | Market Cap Arena

Barings Corporate InvestorsMCI

FY 2015 Earnings

Reported December 30, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$27M	—	$30M	—	-11.3%
Op. Income	$22M	—	$26M	—	-13.9%
Gross Margin	100.0%	—	100.0%	—	0.0pp
Net Margin	64.5%	—	108.5%	—	-44.0pp
EPS (Diluted)	$0.88	—	$1.68	—	-47.6%
Free Cash Flow	$18M	—	$10M	—	80.4%

Revenue Flow

Item	Amount
REVENUE	$27M
Cost of Revenue	$0
GROSS PROFIT	$27M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$5M
SG&A Expenses	$5M
Other Expenses	$0
Operating Expenses	$8M
Cost & Expenses	$8M
OPERATING INCOME	$22M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$17M
Income Tax Expense	$0
Net Income from Continuing Ops	$17M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$17M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$17M
D&A	-$22M
EBIT	$22M
EBITDA	$0
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$27M
Cost of Revenue	$0
GROSS PROFIT	$27M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$5M
SG&A Expenses	$5M
Other Expenses	$0
Operating Expenses	$8M
Cost & Expenses	$8M
OPERATING INCOME	$22M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$17M
Income Tax Expense	$0
Net Income from Continuing Ops	$17M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$17M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$17M
D&A	-$22M
EBIT	$22M
EBITDA	$0
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$17M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$3M
Change in Working Capital	$4M
OPERATING CASH FLOW	$18M
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	-$24M
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$21M
FREE CASH FLOW	$18M
Net Change in Cash	-$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$9M
Short-Term Investments	$0
Net Receivables	$4M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$12M
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$48M
Tax Assets	$0
Other Non-Current Assets	$255M
TOTAL NON-CURRENT ASSETS	$303M
TOTAL ASSETS	$316M
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$7M
TOTAL CURRENT LIABILITIES	$9M
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	$20M
Additional Paid-In Capital	$111M
Retained Earnings	$145M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$276M
Minority Interest	$0
TOTAL EQUITY	$276M
TOTAL LIABILITIES & EQUITY	$316M
Total Debt	$30M
Net Debt	$21M