OTF FY 2023 Earnings Report — Blue Owl Technology Finance Corp. Revenue & Financial Results | Market Cap Arena

Blue Owl Technology Finance Corp.OTF

FY 2023 Earnings

Reported March 6, 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	$587M	—	$176M	—	233.5%
Op. Income	$378M	—	$27M	—	1307.9%
Gross Margin	68.3%	—	28.4%	—	39.9pp
Net Margin	62.8%	—	10.8%	—	52.1pp
EPS (Diluted)	$1.80	—	$0.09	—	1900.0%
Free Cash Flow	$708M	—	-$295M	—	339.9%

Revenue Flow

Item	Amount
REVENUE	$587M
Cost of Revenue	$186M
GROSS PROFIT	$401M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$14M
SG&A Expenses	$14M
Other Expenses	$9M
Operating Expenses	$23M
Cost & Expenses	$209M
OPERATING INCOME	$378M
Interest Income	$641M
Interest Expense	$186M
Other Income/Expenses	$0
INCOME BEFORE TAX	$378M
Income Tax Expense	$9M
Net Income from Continuing Ops	$369M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$369M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$369M
D&A	$0
EBIT	$564M
EBITDA	$564M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$587M
Cost of Revenue	$186M
GROSS PROFIT	$401M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$14M
SG&A Expenses	$14M
Other Expenses	$9M
Operating Expenses	$23M
Cost & Expenses	$209M
OPERATING INCOME	$378M
Interest Income	$641M
Interest Expense	$186M
Other Income/Expenses	$0
INCOME BEFORE TAX	$378M
Income Tax Expense	$9M
Net Income from Continuing Ops	$369M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$369M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$369M
D&A	$0
EBIT	$564M
EBITDA	$564M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$369M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$303M
Change in Working Capital	$37M
OPERATING CASH FLOW	$708M
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	-$222M
Common Stock Repurchased	$0
Common Dividends Paid	-$209M
Other Financing Activities	-$11M
NET CASH FROM FINANCING	-$443M
FREE CASH FLOW	$708M
Net Change in Cash	$266M

Balance Sheet

Item	Amount
Cash & Equivalents	$469M
Short-Term Investments	$0
Net Receivables	$50M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$519M
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	$6.7B
Account Payables	$101M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$101M
Long-Term Debt	$2.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$74M
TOTAL NON-CURRENT LIABILITIES	$3.0B
TOTAL LIABILITIES	$3.1B
Common Stock	$2M
Additional Paid-In Capital	$3.3B
Retained Earnings	$247M
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	$6.7B
Total Debt	$2.9B
Net Debt	$2.5B