PFLT FY 2012 Earnings Report — PennantPark Floating Rate Capital Ltd. Revenue & Financial Results | Market Cap Arena

PennantPark Floating Rate Capital Ltd.PFLT

FY 2012 Earnings

Reported November 14, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$14M	—	—	—	—
Op. Income	$6M	—	—	—	—
Gross Margin	89.5%	—	—	—	—
Net Margin	84.2%	—	—	—	—
EPS (Diluted)	$1.75	—	—	—	—
Free Cash Flow	-$48M	—	-$114M	—	57.9%

Revenue Flow

Item	Amount
REVENUE	$14M
Cost of Revenue	$1M
GROSS PROFIT	$13M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2M
SG&A Expenses	$2M
Other Expenses	$311.6K
Operating Expenses	$2M
Cost & Expenses	$4M
OPERATING INCOME	$6M
Interest Income	$0
Interest Expense	$1M
Other Income/Expenses	$6M
INCOME BEFORE TAX	$12M
Income Tax Expense	$42.0K
Net Income from Continuing Ops	$12M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$12M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$12M
D&A	-$4M
EBIT	$13M
EBITDA	$13M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$14M
Cost of Revenue	$1M
GROSS PROFIT	$13M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2M
SG&A Expenses	$2M
Other Expenses	$311.6K
Operating Expenses	$2M
Cost & Expenses	$4M
OPERATING INCOME	$6M
Interest Income	$0
Interest Expense	$1M
Other Income/Expenses	$6M
INCOME BEFORE TAX	$12M
Income Tax Expense	$42.0K
Net Income from Continuing Ops	$12M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$12M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$12M
D&A	-$4M
EBIT	$13M
EBITDA	$13M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$12M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$64M
Change in Working Capital	$4M
OPERATING CASH FLOW	-$48M
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	$51M
Common Stock Repurchased	$0
Common Dividends Paid	-$6M
Other Financing Activities	$0
NET CASH FROM FINANCING	$45M
FREE CASH FLOW	-$48M
Net Change in Cash	-$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$4M
Short-Term Investments	$0
Net Receivables	$2M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$7M
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$172M
Tax Assets	$0
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$172M
TOTAL ASSETS	$178M
Account Payables	$4M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$75M
TOTAL CURRENT LIABILITIES	$83M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$0
TOTAL LIABILITIES	$83M
Common Stock	$6.9K
Additional Paid-In Capital	$95M
Retained Earnings	-$89.1K
Treasury Stock	$0
Accum. Other Comp. Income	$1M
Other Equity	-$590.0K
TOTAL STOCKHOLDERS' EQUITY	$96M
Minority Interest	$0
TOTAL EQUITY	$96M
TOTAL LIABILITIES & EQUITY	$178M
Total Debt	$0
Net Debt	-$4M