MCI FY 2022 Earnings Report — Barings Corporate Investors Revenue & Financial Results | Market Cap Arena

Barings Corporate InvestorsMCI

FY 2022 Earnings

Reported December 31, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$29M	—	$56M	—	-48.4%
Op. Income	$23M	—	$53M	—	-56.3%
Gross Margin	100.0%	—	98.1%	—	1.9pp
Net Margin	49.8%	—	95.1%	—	-45.4pp
EPS (Diluted)	$0.71	—	$2.60	—	-72.7%
Free Cash Flow	$4M	—	$3M	—	38.7%

Revenue Flow

Item	Amount
REVENUE	$29M
Cost of Revenue	$2M
GROSS PROFIT	$29M
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	$23M
Interest Income	$28M
Interest Expense	$2M
Other Income/Expenses	-$8M
INCOME BEFORE TAX	$15M
Income Tax Expense	$1M
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14M
D&A	-$23M
EBIT	$15M
EBITDA	$15M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$29M
Cost of Revenue	$2M
GROSS PROFIT	$29M
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	$23M
Interest Income	$28M
Interest Expense	$2M
Other Income/Expenses	-$8M
INCOME BEFORE TAX	$15M
Income Tax Expense	$1M
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14M
D&A	-$23M
EBIT	$15M
EBITDA	$15M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$14M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$6M
Change in Working Capital	-$5M
OPERATING CASH FLOW	$4M
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	-$20M
Other Financing Activities	$15.2K
NET CASH FROM FINANCING	-$12M
FREE CASH FLOW	$4M
Net Change in Cash	-$8M

Balance Sheet

Item	Amount
Cash & Equivalents	$13M
Short-Term Investments	$0
Net Receivables	$5M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$19M
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$367M
TOTAL NON-CURRENT ASSETS	$367M
TOTAL ASSETS	$386M
Account Payables	$6M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$6M
Long-Term Debt	$46M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$3M
TOTAL NON-CURRENT LIABILITIES	$49M
TOTAL LIABILITIES	$54M
Common Stock	$20M
Additional Paid-In Capital	$278M
Retained Earnings	$34M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$332M
Minority Interest	$0
TOTAL EQUITY	$332M
TOTAL LIABILITIES & EQUITY	$386M
Total Debt	$46M
Net Debt	$33M