PFLT FY 2017 Earnings Report — PennantPark Floating Rate Capital Ltd. Revenue & Financial Results | Market Cap Arena

PennantPark Floating Rate Capital Ltd.PFLT

FY 2017 Earnings

Reported November 30, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$49M	—	$43M	—	15.5%
Op. Income	$37M	—	$33M	—	9.4%
Gross Margin	83.1%	—	88.5%	—	-5.4pp
Net Margin	73.7%	—	78.5%	—	-4.8pp
EPS (Diluted)	$1.20	—	$1.25	—	-4.0%
Free Cash Flow	-$77M	—	-$165M	—	53.6%

Revenue Flow

Item	Amount
REVENUE	$49M
Cost of Revenue	$8M
GROSS PROFIT	$41M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$4M
SG&A Expenses	$4M
Other Expenses	$112.7K
Operating Expenses	$4M
Cost & Expenses	$13M
OPERATING INCOME	$37M
Interest Income	$53M
Interest Expense	$8M
Other Income/Expenses	$0
INCOME BEFORE TAX	$37M
Income Tax Expense	$300.0K
Net Income from Continuing Ops	$36M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$36M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$36M
D&A	$0
EBIT	$45M
EBITDA	$45M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$49M
Cost of Revenue	$8M
GROSS PROFIT	$41M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$4M
SG&A Expenses	$4M
Other Expenses	$112.7K
Operating Expenses	$4M
Cost & Expenses	$13M
OPERATING INCOME	$37M
Interest Income	$53M
Interest Expense	$8M
Other Income/Expenses	$0
INCOME BEFORE TAX	$37M
Income Tax Expense	$300.0K
Net Income from Continuing Ops	$36M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$36M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$36M
D&A	$0
EBIT	$45M
EBITDA	$45M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$36M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$108M
Change in Working Capital	-$5M
OPERATING CASH FLOW	-$77M
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	$21M
Common Stock Repurchased	$0
Common Dividends Paid	-$34M
Other Financing Activities	-$470.0K
NET CASH FROM FINANCING	$67M
FREE CASH FLOW	-$77M
Net Change in Cash	-$10M

Balance Sheet

Item	Amount
Cash & Equivalents	$19M
Short-Term Investments	$0
Net Receivables	$17M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$37M
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$710M
Tax Assets	$0
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$710M
TOTAL ASSETS	$747M
Account Payables	$26M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$256M
TOTAL CURRENT LIABILITIES	$289M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$0
TOTAL LIABILITIES	$289M
Common Stock	$32.5K
Additional Paid-In Capital	$451M
Retained Earnings	$7M
Treasury Stock	$0
Accum. Other Comp. Income	$4M
Other Equity	-$5M
TOTAL STOCKHOLDERS' EQUITY	$458M
Minority Interest	$0
TOTAL EQUITY	$458M
TOTAL LIABILITIES & EQUITY	$747M
Total Debt	$0
Net Debt	-$19M