OBDC FY 2017 Earnings Report — Blue Owl Capital Corporation Revenue & Financial Results | Market Cap Arena

Blue Owl Capital CorporationOBDC

FY 2017 Earnings

Reported March 2, 2018

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	$139M	—	$27M	—	410.2%
Op. Income	$104M	—	$17M	—	511.6%
Gross Margin	84.2%	—	91.4%	—	-7.2pp
Net Margin	74.8%	—	61.2%	—	13.6pp
EPS (Diluted)	$0.40	—	$0.06	—	584.9%
Free Cash Flow	-$1.3B	—	-$945M	—	-41.2%

Revenue Flow

Item	Amount
REVENUE	$139M
Cost of Revenue	$22M
GROSS PROFIT	$117M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$10M
SG&A Expenses	$10M
Other Expenses	$3M
Operating Expenses	$13M
Cost & Expenses	$35M
OPERATING INCOME	$104M
Interest Income	$151M
Interest Expense	$22M
Other Income/Expenses	$0
INCOME BEFORE TAX	$104M
Income Tax Expense	$158.0K
Net Income from Continuing Ops	$104M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$104M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$104M
D&A	$0
EBIT	$104M
EBITDA	$104M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$139M
Cost of Revenue	$22M
GROSS PROFIT	$117M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$10M
SG&A Expenses	$10M
Other Expenses	$3M
Operating Expenses	$13M
Cost & Expenses	$35M
OPERATING INCOME	$104M
Interest Income	$151M
Interest Expense	$22M
Other Income/Expenses	$0
INCOME BEFORE TAX	$104M
Income Tax Expense	$158.0K
Net Income from Continuing Ops	$104M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$104M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$104M
D&A	$0
EBIT	$104M
EBITDA	$104M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$104M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$1.4B
Change in Working Capital	-$20M
OPERATING CASH FLOW	-$1.3B
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	$437M
Common Stock Repurchased	$0
Common Dividends Paid	-$28M
Other Financing Activities	$737M
NET CASH FROM FINANCING	$1.1B
FREE CASH FLOW	-$1.3B
Net Change in Cash	-$189M

Balance Sheet

Item	Amount
Cash & Equivalents	$17M
Short-Term Investments	$0
Net Receivables	$32M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$51M
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$66M
Tax Assets	$0
Other Non-Current Assets	$2.3B
TOTAL NON-CURRENT ASSETS	$2.4B
TOTAL ASSETS	$2.4B
Account Payables	$34M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$34M
Long-Term Debt	$919M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$18M
TOTAL NON-CURRENT LIABILITIES	$937M
TOTAL LIABILITIES	$971M
Common Stock	$980.0K
Additional Paid-In Capital	$1.5B
Retained Earnings	$1M
Treasury Stock	$0
Accum. Other Comp. Income	$19M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$2.4B
Total Debt	$919M
Net Debt	$902M