PFLT FY 2016 Earnings Report — PennantPark Floating Rate Capital Ltd. Revenue & Financial Results | Market Cap Arena

PennantPark Floating Rate Capital Ltd.PFLT

FY 2016 Earnings

Reported November 22, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$43M	—	$21M	—	107.9%
Op. Income	$33M	—	$13M	—	158.7%
Gross Margin	88.5%	—	84.1%	—	4.3pp
Net Margin	78.5%	—	61.0%	—	17.6pp
EPS (Diluted)	$1.25	—	$0.77	—	62.3%
Free Cash Flow	-$165M	—	-$2M	—	-7402.0%

Revenue Flow

Item	Amount
REVENUE	$43M
Cost of Revenue	$5M
GROSS PROFIT	$38M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$3M
SG&A Expenses	$3M
Other Expenses	$907.7K
Operating Expenses	$4M
Cost & Expenses	$9M
OPERATING INCOME	$33M
Interest Income	$41M
Interest Expense	$5M
Other Income/Expenses	$0
INCOME BEFORE TAX	$33M
Income Tax Expense	$0
Net Income from Continuing Ops	$33M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$33M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$33M
D&A	$0
EBIT	$38M
EBITDA	$38M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$43M
Cost of Revenue	$5M
GROSS PROFIT	$38M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$3M
SG&A Expenses	$3M
Other Expenses	$907.7K
Operating Expenses	$4M
Cost & Expenses	$9M
OPERATING INCOME	$33M
Interest Income	$41M
Interest Expense	$5M
Other Income/Expenses	$0
INCOME BEFORE TAX	$33M
Income Tax Expense	$0
Net Income from Continuing Ops	$33M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$33M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$33M
D&A	$0
EBIT	$38M
EBITDA	$38M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$33M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$208M
Change in Working Capital	$9M
OPERATING CASH FLOW	-$165M
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	$203M
Common Stock Repurchased	$0
Common Dividends Paid	-$30M
Other Financing Activities	$0
NET CASH FROM FINANCING	$173M
FREE CASH FLOW	-$165M
Net Change in Cash	$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$29M
Short-Term Investments	$0
Net Receivables	$2M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$33M
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$599M
Tax Assets	$0
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$599M
TOTAL ASSETS	$631M
Account Payables	$18M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$232M
TOTAL CURRENT LIABILITIES	$256M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$0
TOTAL LIABILITIES	$256M
Common Stock	$26.7K
Additional Paid-In Capital	$371M
Retained Earnings	$3M
Treasury Stock	$0
Accum. Other Comp. Income	-$1M
Other Equity	$3M
TOTAL STOCKHOLDERS' EQUITY	$376M
Minority Interest	$0
TOTAL EQUITY	$376M
TOTAL LIABILITIES & EQUITY	$631M
Total Debt	$0
Net Debt	-$29M