PFLT FY 2021 Earnings Report — PennantPark Floating Rate Capital Ltd. Revenue & Financial Results | Market Cap Arena

PennantPark Floating Rate Capital Ltd.PFLT

FY 2021 Earnings

Reported November 17, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$84M	—	$50M	—	67.8%
Op. Income	$57M	—	$19M	—	202.5%
Gross Margin	74.1%	—	45.6%	—	28.5pp
Net Margin	67.6%	—	37.0%	—	30.6pp
EPS (Diluted)	$1.46	—	$0.47	—	210.6%
Free Cash Flow	$50M	—	-$5M	—	1107.8%

Revenue Flow

Item	Amount
REVENUE	$84M
Cost of Revenue	$22M
GROSS PROFIT	$62M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2M
SG&A Expenses	$2M
Other Expenses	$3M
Operating Expenses	$5M
Cost & Expenses	$27M
OPERATING INCOME	$57M
Interest Income	$69M
Interest Expense	$22M
Other Income/Expenses	$0
INCOME BEFORE TAX	$57M
Income Tax Expense	$400.0K
Net Income from Continuing Ops	$57M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$57M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$57M
D&A	$0
EBIT	$57M
EBITDA	$57M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$84M
Cost of Revenue	$22M
GROSS PROFIT	$62M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2M
SG&A Expenses	$2M
Other Expenses	$3M
Operating Expenses	$5M
Cost & Expenses	$27M
OPERATING INCOME	$57M
Interest Income	$69M
Interest Expense	$22M
Other Income/Expenses	$0
INCOME BEFORE TAX	$57M
Income Tax Expense	$400.0K
Net Income from Continuing Ops	$57M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$57M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$57M
D&A	$0
EBIT	$57M
EBITDA	$57M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$57M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$19M
Change in Working Capital	-$26M
OPERATING CASH FLOW	$50M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$661M
Sales/Maturities of Investments	$702M
Other Investing Activities	-$41M
NET CASH FROM INVESTING	$0
Net Debt Issuance	-$13M
Common Stock Repurchased	$0
Common Dividends Paid	-$44M
Other Financing Activities	-$364.0K
NET CASH FROM FINANCING	-$56M
FREE CASH FLOW	$50M
Net Change in Cash	-$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$50M
Short-Term Investments	$0
Net Receivables	$39M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$89M
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$1.1B
Tax Assets	$0
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.2B
Account Payables	$23M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$23M
Long-Term Debt	$653M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$5M
TOTAL NON-CURRENT LIABILITIES	$658M
TOTAL LIABILITIES	$680M
Common Stock	$39.0K
Additional Paid-In Capital	$539M
Retained Earnings	-$48M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$491M
Minority Interest	$0
TOTAL EQUITY	$491M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$653M
Net Debt	$603M