TY FY 2017 Earnings Report — Tri-Continental Corporation Revenue & Financial Results | Market Cap Arena

Tri-Continental CorporationTY

FY 2017 Earnings

Reported December 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	$282M	—	$187M	—	51.2%
Op. Income	$281M	—	$185M	—	51.5%
Gross Margin	100.0%	—	100.0%	—	0.0pp
Net Margin	99.6%	—	99.3%	—	0.2pp
EPS (Diluted)	$5.17	—	$3.23	—	60.1%
Free Cash Flow	$281M	—	$185M	—	51.5%

Revenue Flow

Item	Amount
REVENUE	$282M
Cost of Revenue	$0
GROSS PROFIT	$282M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$578.0K
SG&A Expenses	$578.0K
Other Expenses	$619.2K
Operating Expenses	$1M
Cost & Expenses	$1M
OPERATING INCOME	$281M
Interest Income	$21M
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$281M
Income Tax Expense	$0
Net Income from Continuing Ops	$281M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$281M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$281M
D&A	-$52M
EBIT	$0
EBITDA	$0
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$282M
Cost of Revenue	$0
GROSS PROFIT	$282M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$578.0K
SG&A Expenses	$578.0K
Other Expenses	$619.2K
Operating Expenses	$1M
Cost & Expenses	$1M
OPERATING INCOME	$281M
Interest Income	$21M
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$281M
Income Tax Expense	$0
Net Income from Continuing Ops	$281M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$281M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$281M
D&A	-$52M
EBIT	$0
EBITDA	$0
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$281M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$281M
Change in Working Capital	$183M
OPERATING CASH FLOW	$281M
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	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$114M
NET CASH FROM FINANCING	-$114M
FREE CASH FLOW	$281M
Net Change in Cash	$167M

Balance Sheet

Item	Amount
Cash & Equivalents	$0
Short-Term Investments	$0
Net Receivables	$10M
Inventory	$0
Other Current Assets	$76.9K
TOTAL CURRENT ASSETS	$10M
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$1.7B
Tax Assets	$0
Other Non-Current Assets	-$1.7B
TOTAL NON-CURRENT ASSETS	$1.7B
TOTAL ASSETS	$1.7B
Account Payables	$2M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	-$2M
TOTAL CURRENT LIABILITIES	$470.5K
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$470.5K
TOTAL LIABILITIES	$2M
Common Stock	$27M
Additional Paid-In Capital	$1.5B
Retained Earnings	-$1M
Treasury Stock	$0
Accum. Other Comp. Income	$130M
Other Equity	$139M
TOTAL STOCKHOLDERS' EQUITY	$1.7B
Minority Interest	$0
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$1.7B
Total Debt	$0
Net Debt	$0