OBDC FY 2020 Earnings Report — Blue Owl Capital Corporation Revenue & Financial Results | Market Cap Arena

Blue Owl Capital CorporationOBDC

FY 2020 Earnings

Reported February 23, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$439M	—	$582M	—	-24.6%
Op. Income	$393M	—	$500M	—	-21.3%
Gross Margin	68.9%	—	78.5%	—	-9.5pp
Net Margin	88.3%	—	85.6%	—	2.8pp
EPS (Diluted)	$1.00	—	$1.53	—	-34.6%
Free Cash Flow	-$1.6B	—	$438M	—	-456.0%

Revenue Flow

Item	Amount
REVENUE	$439M
Cost of Revenue	$136M
GROSS PROFIT	$303M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$23M
SG&A Expenses	$23M
Other Expenses	-$114M
Operating Expenses	-$91M
Cost & Expenses	$45M
OPERATING INCOME	$393M
Interest Income	$769M
Interest Expense	$136M
Other Income/Expenses	$0
INCOME BEFORE TAX	$393M
Income Tax Expense	$6M
Net Income from Continuing Ops	$388M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$388M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$388M
D&A	$0
EBIT	$393M
EBITDA	$393M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$439M
Cost of Revenue	$136M
GROSS PROFIT	$303M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$23M
SG&A Expenses	$23M
Other Expenses	-$114M
Operating Expenses	-$91M
Cost & Expenses	$45M
OPERATING INCOME	$393M
Interest Income	$769M
Interest Expense	$136M
Other Income/Expenses	$0
INCOME BEFORE TAX	$393M
Income Tax Expense	$6M
Net Income from Continuing Ops	$388M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$388M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$388M
D&A	$0
EBIT	$393M
EBITDA	$393M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$388M
Depreciation & Amortization	$17M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$2.0B
Change in Working Capital	$45M
OPERATING CASH FLOW	-$1.6B
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	$2.3B
Common Stock Repurchased	-$150M
Common Dividends Paid	-$368M
Other Financing Activities	-$64M
NET CASH FROM FINANCING	$1.6B
FREE CASH FLOW	-$1.6B
Net Change in Cash	$41M

Balance Sheet

Item	Amount
Cash & Equivalents	$349M
Short-Term Investments	$0
Net Receivables	$66M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$453M
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$272M
Tax Assets	$0
Other Non-Current Assets	$10.6B
TOTAL NON-CURRENT ASSETS	$10.9B
TOTAL ASSETS	$11.3B
Account Payables	$152M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$152M
Long-Term Debt	$5.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$113M
TOTAL NON-CURRENT LIABILITIES	$5.4B
TOTAL LIABILITIES	$5.6B
Common Stock	$4M
Additional Paid-In Capital	$5.9B
Retained Earnings	-$198M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.7B
Minority Interest	$0
TOTAL EQUITY	$5.7B
TOTAL LIABILITIES & EQUITY	$11.3B
Total Debt	$5.3B
Net Debt	$4.9B