MCI FY 2016 Earnings Report — Barings Corporate Investors Revenue & Financial Results | Market Cap Arena

Barings Corporate InvestorsMCI

FY 2016 Earnings

Reported December 30, 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	$28M	—	$27M	—	5.2%
Op. Income	$24M	—	$22M	—	7.9%
Gross Margin	100.0%	—	100.0%	—	0.0pp
Net Margin	96.7%	—	64.5%	—	32.2pp
EPS (Diluted)	$1.38	—	$0.88	—	56.8%
Free Cash Flow	$27M	—	$18M	—	50.1%

Revenue Flow

Item	Amount
REVENUE	$28M
Cost of Revenue	$0
GROSS PROFIT	$28M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$4M
SG&A Expenses	$4M
Other Expenses	$0
Operating Expenses	$641.2K
Cost & Expenses	$641.2K
OPERATING INCOME	$24M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	$3M
INCOME BEFORE TAX	$27M
Income Tax Expense	$0
Net Income from Continuing Ops	$27M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$27M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$27M
D&A	-$24M
EBIT	$24M
EBITDA	$0
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$28M
Cost of Revenue	$0
GROSS PROFIT	$28M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$4M
SG&A Expenses	$4M
Other Expenses	$0
Operating Expenses	$641.2K
Cost & Expenses	$641.2K
OPERATING INCOME	$24M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	$3M
INCOME BEFORE TAX	$27M
Income Tax Expense	$0
Net Income from Continuing Ops	$27M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$27M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$27M
D&A	-$24M
EBIT	$24M
EBITDA	$0
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$27M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$639.0K
Change in Working Capital	-$970.5K
OPERATING CASH FLOW	$27M
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	-$22M
FREE CASH FLOW	$27M
Net Change in Cash	$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$14M
Short-Term Investments	$0
Net Receivables	$4M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$18M
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$46M
Tax Assets	$0
Other Non-Current Assets	$258M
TOTAL NON-CURRENT ASSETS	$304M
TOTAL ASSETS	$322M
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$8M
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	$151M
Treasury Stock	$0
Accum. Other Comp. Income	$90
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$282M
Minority Interest	$0
TOTAL EQUITY	$282M
TOTAL LIABILITIES & EQUITY	$322M
Total Debt	$30M
Net Debt	$16M