TY Q2 2014 Earnings Report — Tri-Continental Corporation Revenue & Financial Results | Market Cap Arena

Tri-Continental CorporationTY

Q2 2014 Earnings

Reported June 29, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2014	Q1 2014	Q2 2013	QoQ Change	YoY Change
Revenue	$26M	—	$24M	—	10.4%
Op. Income	$23M	—	$21M	—	10.3%
Gross Margin	88.1%	—	88.4%	—	-0.3pp
Net Margin	378.4%	—	555.3%	—	-176.9pp
EPS (Diluted)	$1.62	—	$2.12	—	-23.6%
Free Cash Flow	$101M	—	$134M	—	-24.5%

Revenue Flow

Item	Amount
REVENUE	$26M
Cost of Revenue	$3M
GROSS PROFIT	$23M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$3M
SG&A Expenses	$3M
Other Expenses	$0
Operating Expenses	$74M
Cost & Expenses	$74M
OPERATING INCOME	$23M
Interest Income	$0
Interest Expense	$78M
Other Income/Expenses	$78M
INCOME BEFORE TAX	$101M
Income Tax Expense	-$156M
Net Income from Continuing Ops	$100M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$100M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$100M
D&A	-$23M
EBIT	$179M
EBITDA	$77M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$26M
Cost of Revenue	$3M
GROSS PROFIT	$23M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$3M
SG&A Expenses	$3M
Other Expenses	$0
Operating Expenses	$74M
Cost & Expenses	$74M
OPERATING INCOME	$23M
Interest Income	$0
Interest Expense	$78M
Other Income/Expenses	$78M
INCOME BEFORE TAX	$101M
Income Tax Expense	-$156M
Net Income from Continuing Ops	$100M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$100M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$100M
D&A	-$23M
EBIT	$179M
EBITDA	$77M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$101M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$101M
Change in Working Capital	$97M
OPERATING CASH FLOW	$101M
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	-$23M
Other Financing Activities	-$11M
NET CASH FROM FINANCING	-$34M
FREE CASH FLOW	$101M
Net Change in Cash	$67M

Balance Sheet

Item	Amount
Cash & Equivalents	$0
Short-Term Investments	$0
Net Receivables	$13M
Inventory	$0
Other Current Assets	$1.0K
TOTAL CURRENT ASSETS	$13M
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$1.5B
Tax Assets	$0
Other Non-Current Assets	$417.8K
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$1.6B
Account Payables	$14M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$887.7K
TOTAL CURRENT LIABILITIES	$14M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$14M
TOTAL LIABILITIES	$14M
Common Stock	$31M
Additional Paid-In Capital	$0
Retained Earnings	-$146M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$1.6B
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$0
Net Debt	$0