PFLT FY 2014 Earnings Report — PennantPark Floating Rate Capital Ltd. Revenue & Financial Results | Market Cap Arena

PennantPark Floating Rate Capital Ltd.PFLT

FY 2014 Earnings

Reported November 13, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$27M	—	$16M	—	66.7%
Op. Income	$21M	—	$12M	—	73.4%
Gross Margin	87.2%	—	88.6%	—	-1.4pp
Net Margin	75.8%	—	73.8%	—	2.0pp
EPS (Diluted)	$1.38	—	$1.25	—	10.4%
Free Cash Flow	-$22M	—	-$124M	—	82.1%

Revenue Flow

Item	Amount
REVENUE	$27M
Cost of Revenue	$3M
GROSS PROFIT	$24M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2M
SG&A Expenses	$2M
Other Expenses	$712.9K
Operating Expenses	$3M
Cost & Expenses	$6M
OPERATING INCOME	$21M
Interest Income	$29M
Interest Expense	$3M
Other Income/Expenses	$0
INCOME BEFORE TAX	$21M
Income Tax Expense	$479.4K
Net Income from Continuing Ops	$21M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$21M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$21M
D&A	$0
EBIT	$24M
EBITDA	$24M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$27M
Cost of Revenue	$3M
GROSS PROFIT	$24M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2M
SG&A Expenses	$2M
Other Expenses	$712.9K
Operating Expenses	$3M
Cost & Expenses	$6M
OPERATING INCOME	$21M
Interest Income	$29M
Interest Expense	$3M
Other Income/Expenses	$0
INCOME BEFORE TAX	$21M
Income Tax Expense	$479.4K
Net Income from Continuing Ops	$21M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$21M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$21M
D&A	$0
EBIT	$24M
EBITDA	$24M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$21M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$28M
Change in Working Capital	-$14M
OPERATING CASH FLOW	-$22M
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	$47M
Common Stock Repurchased	$0
Common Dividends Paid	-$16M
Other Financing Activities	$0
NET CASH FROM FINANCING	$31M
FREE CASH FLOW	-$22M
Net Change in Cash	$9M

Balance Sheet

Item	Amount
Cash & Equivalents	$13M
Short-Term Investments	$0
Net Receivables	$11M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$24M
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$348M
Tax Assets	$0
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$348M
TOTAL ASSETS	$373M
Account Payables	$5M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$149M
TOTAL CURRENT LIABILITIES	$158M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$0
TOTAL LIABILITIES	$158M
Common Stock	$14.9K
Additional Paid-In Capital	$207M
Retained Earnings	$8M
Treasury Stock	$0
Accum. Other Comp. Income	$3M
Other Equity	-$3M
TOTAL STOCKHOLDERS' EQUITY	$215M
Minority Interest	$0
TOTAL EQUITY	$215M
TOTAL LIABILITIES & EQUITY	$373M
Total Debt	$0
Net Debt	-$13M