MCI FY 2017 Earnings Report — Barings Corporate Investors Revenue & Financial Results | Market Cap Arena

Barings Corporate InvestorsMCI

FY 2017 Earnings

Reported December 30, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$45M	—	$28M	—	58.1%
Op. Income	$45M	—	$24M	—	89.8%
Gross Margin	100.0%	—	100.0%	—	0.0pp
Net Margin	97.8%	—	96.7%	—	1.2pp
EPS (Diluted)	$2.19	—	$1.38	—	58.7%
Free Cash Flow	$15M	—	$27M	—	-46.0%

Revenue Flow

Item	Amount
REVENUE	$45M
Cost of Revenue	$0
GROSS PROFIT	$45M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$964.5K
SG&A Expenses	$964.5K
Other Expenses	$0
Operating Expenses	$964.5K
Cost & Expenses	$964.5K
OPERATING INCOME	$45M
Interest Income	$28M
Interest Expense	$2M
Other Income/Expenses	$17M
INCOME BEFORE TAX	$44M
Income Tax Expense	$27M
Net Income from Continuing Ops	$44M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$44M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$44M
D&A	-$27M
EBIT	$27M
EBITDA	$0
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$45M
Cost of Revenue	$0
GROSS PROFIT	$45M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$964.5K
SG&A Expenses	$964.5K
Other Expenses	$0
Operating Expenses	$964.5K
Cost & Expenses	$964.5K
OPERATING INCOME	$45M
Interest Income	$28M
Interest Expense	$2M
Other Income/Expenses	$17M
INCOME BEFORE TAX	$44M
Income Tax Expense	$27M
Net Income from Continuing Ops	$44M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$44M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$44M
D&A	-$27M
EBIT	$27M
EBITDA	$0
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$44M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$33M
Change in Working Capital	$4M
OPERATING CASH FLOW	$15M
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	$0
NET CASH FROM FINANCING	-$22M
FREE CASH FLOW	$15M
Net Change in Cash	-$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$7M
Short-Term Investments	$0
Net Receivables	$3M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$10M
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$48M
Tax Assets	$0
Other Non-Current Assets	$288M
TOTAL NON-CURRENT ASSETS	$337M
TOTAL ASSETS	$347M
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	$2M
TOTAL NON-CURRENT LIABILITIES	$32M
TOTAL LIABILITIES	$43M
Common Stock	$20M
Additional Paid-In Capital	$110M
Retained Earnings	$174M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$304M
Minority Interest	$0
TOTAL EQUITY	$304M
TOTAL LIABILITIES & EQUITY	$347M
Total Debt	$30M
Net Debt	$23M