MCI FY 2021 Earnings Report — Barings Corporate Investors Revenue & Financial Results | Market Cap Arena

Barings Corporate InvestorsMCI

FY 2021 Earnings

Reported December 31, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$56M	—	$17M	—	221.2%
Op. Income	$53M	—	$25M	—	109.8%
Gross Margin	98.1%	—	93.9%	—	4.2pp
Net Margin	95.1%	—	88.7%	—	6.4pp
EPS (Diluted)	$2.60	—	$0.76	—	242.1%
Free Cash Flow	$3M	—	$26M	—	-89.1%

Revenue Flow

Item	Amount
REVENUE	$56M
Cost of Revenue	$1M
GROSS PROFIT	$54M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1M
SG&A Expenses	$1M
Other Expenses	$0
Operating Expenses	$1M
Cost & Expenses	$5M
OPERATING INCOME	$53M
Interest Income	$24M
Interest Expense	$1M
Other Income/Expenses	$33M
INCOME BEFORE TAX	$54M
Income Tax Expense	$991.9K
Net Income from Continuing Ops	$53M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$53M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$53M
D&A	-$21M
EBIT	$88M
EBITDA	$67M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$56M
Cost of Revenue	$1M
GROSS PROFIT	$54M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1M
SG&A Expenses	$1M
Other Expenses	$0
Operating Expenses	$1M
Cost & Expenses	$5M
OPERATING INCOME	$53M
Interest Income	$24M
Interest Expense	$1M
Other Income/Expenses	$33M
INCOME BEFORE TAX	$54M
Income Tax Expense	$991.9K
Net Income from Continuing Ops	$53M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$53M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$53M
D&A	-$21M
EBIT	$88M
EBITDA	$67M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$53M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$52M
Change in Working Capital	$2M
OPERATING CASH FLOW	$3M
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	$8M
Common Stock Repurchased	$0
Common Dividends Paid	-$19M
Other Financing Activities	-$76.1K
NET CASH FROM FINANCING	-$12M
FREE CASH FLOW	$3M
Net Change in Cash	-$9M

Balance Sheet

Item	Amount
Cash & Equivalents	$21M
Short-Term Investments	$0
Net Receivables	$4M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$25M
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$362M
TOTAL NON-CURRENT ASSETS	$362M
TOTAL ASSETS	$387M
Account Payables	$7M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$7M
Long-Term Debt	$38M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$4M
TOTAL NON-CURRENT LIABILITIES	$42M
TOTAL LIABILITIES	$49M
Common Stock	$20M
Additional Paid-In Capital	$279M
Retained Earnings	$39M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$338M
Minority Interest	$0
TOTAL EQUITY	$338M
TOTAL LIABILITIES & EQUITY	$387M
Total Debt	$38M
Net Debt	$17M