OTF FY 2021 Earnings Report — Blue Owl Technology Finance Corp. Revenue & Financial Results | Market Cap Arena

Blue Owl Technology Finance Corp.OTF

FY 2021 Earnings

Reported March 11, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$537M	—	$170M	—	215.4%
Op. Income	$430M	—	$122M	—	251.9%
Gross Margin	84.3%	—	79.9%	—	4.4pp
Net Margin	79.1%	—	71.7%	—	7.4pp
EPS (Diluted)	$3.05	—	$0.61	—	400.0%
Free Cash Flow	-$2.6B	—	$58M	—	-4581.7%

Revenue Flow

Item	Amount
REVENUE	$537M
Cost of Revenue	$85M
GROSS PROFIT	$453M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$13M
SG&A Expenses	$13M
Other Expenses	$9M
Operating Expenses	$23M
Cost & Expenses	$107M
OPERATING INCOME	$430M
Interest Income	$334M
Interest Expense	$85M
Other Income/Expenses	$0
INCOME BEFORE TAX	$430M
Income Tax Expense	$5M
Net Income from Continuing Ops	$425M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$425M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$425M
D&A	$0
EBIT	$514M
EBITDA	$514M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$537M
Cost of Revenue	$85M
GROSS PROFIT	$453M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$13M
SG&A Expenses	$13M
Other Expenses	$9M
Operating Expenses	$23M
Cost & Expenses	$107M
OPERATING INCOME	$430M
Interest Income	$334M
Interest Expense	$85M
Other Income/Expenses	$0
INCOME BEFORE TAX	$430M
Income Tax Expense	$5M
Net Income from Continuing Ops	$425M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$425M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$425M
D&A	$0
EBIT	$514M
EBITDA	$514M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$425M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$3.1B
Change in Working Capital	$31M
OPERATING CASH FLOW	-$2.6B
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	$1.0B
Common Stock Repurchased	$0
Common Dividends Paid	-$83M
Other Financing Activities	-$6M
NET CASH FROM FINANCING	$2.6B
FREE CASH FLOW	-$2.6B
Net Change in Cash	$25M

Balance Sheet

Item	Amount
Cash & Equivalents	$107M
Short-Term Investments	$0
Net Receivables	$44M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$151M
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$6.1B
TOTAL NON-CURRENT ASSETS	$6.1B
TOTAL ASSETS	$6.3B
Account Payables	$43M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$43M
Long-Term Debt	$2.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$73M
TOTAL NON-CURRENT LIABILITIES	$2.7B
TOTAL LIABILITIES	$2.8B
Common Stock	$2M
Additional Paid-In Capital	$3.2B
Retained Earnings	$353M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.5B
Minority Interest	$0
TOTAL EQUITY	$3.5B
TOTAL LIABILITIES & EQUITY	$6.3B
Total Debt	$2.6B
Net Debt	$2.5B