OBDC FY 2023 Earnings Report — Blue Owl Capital Corporation Revenue & Financial Results | Market Cap Arena

Blue Owl Capital CorporationOBDC

FY 2023 Earnings

Reported February 21, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$1.3B	—	$809M	—	57.6%
Op. Income	$811M	—	$476M	—	70.3%
Gross Margin	67.8%	—	66.2%	—	1.6pp
Net Margin	62.2%	—	57.7%	—	4.6pp
EPS (Diluted)	$2.03	—	$1.18	—	72.0%
Free Cash Flow	$514M	—	$424M	—	21.4%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$411M
GROSS PROFIT	$864M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$28M
SG&A Expenses	$28M
Other Expenses	$26M
Operating Expenses	$54M
Cost & Expenses	$464M
OPERATING INCOME	$811M
Interest Income	$1.4B
Interest Expense	$411M
Other Income/Expenses	$0
INCOME BEFORE TAX	$811M
Income Tax Expense	$17M
Net Income from Continuing Ops	$793M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$793M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$793M
D&A	$0
EBIT	$811M
EBITDA	$811M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$411M
GROSS PROFIT	$864M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$28M
SG&A Expenses	$28M
Other Expenses	$26M
Operating Expenses	$54M
Cost & Expenses	$464M
OPERATING INCOME	$811M
Interest Income	$1.4B
Interest Expense	$411M
Other Income/Expenses	$0
INCOME BEFORE TAX	$811M
Income Tax Expense	$17M
Net Income from Continuing Ops	$793M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$793M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$793M
D&A	$0
EBIT	$811M
EBITDA	$811M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$793M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$255M
Change in Working Capital	-$24M
OPERATING CASH FLOW	$514M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$2.3B
Sales/Maturities of Investments	$2.9B
Other Investing Activities	$0
NET CASH FROM INVESTING	$621M
Net Debt Issuance	-$274M
Common Stock Repurchased	-$34M
Common Dividends Paid	-$613M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$921M
FREE CASH FLOW	$514M
Net Change in Cash	$215M

Balance Sheet

Item	Amount
Cash & Equivalents	$573M
Short-Term Investments	$0
Net Receivables	$135M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$711M
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$12.8B
TOTAL NON-CURRENT ASSETS	$12.8B
TOTAL ASSETS	$13.5B
Account Payables	$136M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$136M
Long-Term Debt	$7.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$277M
TOTAL NON-CURRENT LIABILITIES	$7.4B
TOTAL LIABILITIES	$7.5B
Common Stock	$4M
Additional Paid-In Capital	$5.9B
Retained Earnings	$93M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.0B
Minority Interest	$0
TOTAL EQUITY	$6.0B
TOTAL LIABILITIES & EQUITY	$13.5B
Total Debt	$7.1B
Net Debt	$6.5B