MLCI FY 2022 Earnings Report — Mount Logan Capital Inc. Common Stock Revenue & Financial Results | Market Cap Arena

Mount Logan Capital Inc. Common StockMLCI

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	$50M	—	$22M	—	128.5%
Op. Income	$8M	—	$33M	—	-76.1%
Gross Margin	57.5%	—	118.1%	—	-60.6pp
Net Margin	95.8%	—	130.2%	—	-34.4pp
EPS (Diluted)	$2.15	—	$1.54	—	39.6%
Free Cash Flow	$119M	—	-$67M	—	277.1%

Revenue Flow

Item	Amount
REVENUE	$50M
Cost of Revenue	$21M
GROSS PROFIT	$29M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$20M
SG&A Expenses	$20M
Other Expenses	$744.0K
Operating Expenses	$21M
Cost & Expenses	$42M
OPERATING INCOME	$8M
Interest Income	$0
Interest Expense	$4M
Other Income/Expenses	$41M
INCOME BEFORE TAX	$49M
Income Tax Expense	$430.0K
Net Income from Continuing Ops	$48M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$48M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$48M
D&A	$559.0K
EBIT	$52M
EBITDA	$53M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$50M
Cost of Revenue	$21M
GROSS PROFIT	$29M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$20M
SG&A Expenses	$20M
Other Expenses	$744.0K
Operating Expenses	$21M
Cost & Expenses	$42M
OPERATING INCOME	$8M
Interest Income	$0
Interest Expense	$4M
Other Income/Expenses	$41M
INCOME BEFORE TAX	$49M
Income Tax Expense	$430.0K
Net Income from Continuing Ops	$48M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$48M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$48M
D&A	$559.0K
EBIT	$52M
EBITDA	$53M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$48M
Depreciation & Amortization	$559.0K
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$105M
Change in Working Capital	-$35M
OPERATING CASH FLOW	$119M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$351M
Sales/Maturities of Investments	$245M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$106M
Net Debt Issuance	$10M
Common Stock Repurchased	$0
Common Dividends Paid	-$1M
Other Financing Activities	-$137.0K
NET CASH FROM FINANCING	$9M
FREE CASH FLOW	$119M
Net Change in Cash	$22M

Balance Sheet

Item	Amount
Cash & Equivalents	$66M
Short-Term Investments	$105M
Net Receivables	$455M
Inventory	$0
Other Current Assets	$53.0K
TOTAL CURRENT ASSETS	$627M
PP&E (Net)	$0
Goodwill	$55M
Intangible Assets	$24M
Long-Term Investments	$810M
Tax Assets	$0
Other Non-Current Assets	$29M
TOTAL NON-CURRENT ASSETS	$918M
TOTAL ASSETS	$1.5B
Account Payables	$25M
Short-Term Debt	$53M
Deferred Revenue	$1.2B
Other Current Liabilities	-$53M
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$55M
Deferred Revenue NC	$1.2B
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$928M
TOTAL NON-CURRENT LIABILITIES	$290M
TOTAL LIABILITIES	$1.5B
Common Stock	$108M
Additional Paid-In Capital	$7M
Retained Earnings	-$32M
Treasury Stock	$0
Accum. Other Comp. Income	-$22M
Other Equity	$1M
TOTAL STOCKHOLDERS' EQUITY	$62M
Minority Interest	$0
TOTAL EQUITY	$62M
TOTAL LIABILITIES & EQUITY	$1.5B
Total Debt	$109M
Net Debt	$43M