PSBD FY 2023 Earnings Report — Palmer Square Capital BDC Inc. Revenue & Financial Results | Market Cap Arena

Palmer Square Capital BDC Inc.PSBD

FY 2023 Earnings

Reported December 30, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$154M	—	-$49M	—	411.1%
Op. Income	$108M	—	-$74M	—	244.8%
Gross Margin	71.1%	—	147.5%	—	-76.4pp
Net Margin	70.2%	—	150.8%	—	-80.6pp
EPS (Diluted)	$3.31	—	$-3.22	—	202.8%
Free Cash Flow	$57M	—	-$39M	—	245.5%

Revenue Flow

Item	Amount
REVENUE	$154M
Cost of Revenue	$44M
GROSS PROFIT	$109M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2M
SG&A Expenses	$2M
Other Expenses	-$1M
Operating Expenses	$1M
Cost & Expenses	$46M
OPERATING INCOME	$108M
Interest Income	$108M
Interest Expense	$44M
Other Income/Expenses	$0
INCOME BEFORE TAX	$108M
Income Tax Expense	$0
Net Income from Continuing Ops	$108M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$108M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$108M
D&A	$0
EBIT	$108M
EBITDA	$108M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$154M
Cost of Revenue	$44M
GROSS PROFIT	$109M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2M
SG&A Expenses	$2M
Other Expenses	-$1M
Operating Expenses	$1M
Cost & Expenses	$46M
OPERATING INCOME	$108M
Interest Income	$108M
Interest Expense	$44M
Other Income/Expenses	$0
INCOME BEFORE TAX	$108M
Income Tax Expense	$0
Net Income from Continuing Ops	$108M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$108M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$108M
D&A	$0
EBIT	$108M
EBITDA	$108M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$108M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$51M
Change in Working Capital	-$24.9K
OPERATING CASH FLOW	$57M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$274M
Sales/Maturities of Investments	$247M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$27M
Net Debt Issuance	-$14M
Common Stock Repurchased	$0
Common Dividends Paid	-$34M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$30M
FREE CASH FLOW	$57M
Net Change in Cash	$466.3K

Balance Sheet

Item	Amount
Cash & Equivalents	$2M
Short-Term Investments	$0
Net Receivables	$11M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$13M
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	$15M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$15M
Long-Term Debt	$642M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$3M
TOTAL NON-CURRENT LIABILITIES	$645M
TOTAL LIABILITIES	$660M
Common Stock	$27.1K
Additional Paid-In Capital	$521M
Retained Earnings	-$59M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$462M
Minority Interest	$0
TOTAL EQUITY	$462M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$642M
Net Debt	$640M