PFLT FY 2020 Earnings Report — PennantPark Floating Rate Capital Ltd. Revenue & Financial Results | Market Cap Arena

PennantPark Floating Rate Capital Ltd.PFLT

FY 2020 Earnings

Reported November 18, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$50M	—	$42M	—	17.2%
Op. Income	$19M	—	$11M	—	64.8%
Gross Margin	45.6%	—	46.9%	—	-1.4pp
Net Margin	37.0%	—	26.9%	—	10.1pp
EPS (Diluted)	$0.47	—	$-0.29	—	262.1%
Free Cash Flow	-$5M	—	-$121M	—	95.9%

Revenue Flow

Item	Amount
REVENUE	$50M
Cost of Revenue	$27M
GROSS PROFIT	$23M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$4M
SG&A Expenses	$4M
Other Expenses	$0
Operating Expenses	$4M
Cost & Expenses	$31M
OPERATING INCOME	$19M
Interest Income	$86M
Interest Expense	$27M
Other Income/Expenses	$0
INCOME BEFORE TAX	$19M
Income Tax Expense	$400.0K
Net Income from Continuing Ops	$18M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$18M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$18M
D&A	$0
EBIT	$19M
EBITDA	$19M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$50M
Cost of Revenue	$27M
GROSS PROFIT	$23M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$4M
SG&A Expenses	$4M
Other Expenses	$0
Operating Expenses	$4M
Cost & Expenses	$31M
OPERATING INCOME	$19M
Interest Income	$86M
Interest Expense	$27M
Other Income/Expenses	$0
INCOME BEFORE TAX	$19M
Income Tax Expense	$400.0K
Net Income from Continuing Ops	$18M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$18M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$18M
D&A	$0
EBIT	$19M
EBITDA	$19M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$18M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$18M
Change in Working Capital	-$5M
OPERATING CASH FLOW	-$5M
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	$43M
Common Stock Repurchased	$0
Common Dividends Paid	-$44M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$909.0K
FREE CASH FLOW	-$5M
Net Change in Cash	-$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$58M
Short-Term Investments	$0
Net Receivables	$4M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$61M
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$1.1B
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.1B
Account Payables	$11M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$11M
Long-Term Debt	$653M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$7M
TOTAL NON-CURRENT LIABILITIES	$660M
TOTAL LIABILITIES	$671M
Common Stock	$38.8K
Additional Paid-In Capital	$538M
Retained Earnings	-$61M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$477M
Minority Interest	$0
TOTAL EQUITY	$477M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$653M
Net Debt	$596M