Last10K.com

American Capital, Ltd (ACAS) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2011

SEC Filings

ACAS Valuations

Intrinsic Value
Financial Stability
Financial Ratios
Insider Trades
Manager Portfolios
Notifications

ACAS Annual Reports

ACAS Quarterly Reports

ACAS Corporate News

American Capital, Ltd

HISTORY TOOLS
CIK: 817473 Ticker: ACAS
Exhibit 99.1                                                
Two Bethesda Metro Center
14th Floor
Bethesda, MD 20814
(301) 951-6122
(301) 654-6714 Fax
 
FOR IMMEDIATE RELEASE
February 14, 2012

CONTACT:
Investors - (301) 951-5917
Media - (301) 968-9400
    
AMERICAN CAPITAL REPORTS 2011 NET OPERATING INCOME OF $448 MILLION, OR $1.26 PER DILUTED SHARE, AND NET EARNINGS OF $974 MILLION, OR $2.74 PER DILUTED SHARE, INCLUDING $428 MILLION, OR $1.20 PER DILUTED SHARE, DEFERRED TAX BENEFIT

Bethesda, MD - February 14, 2012 - American Capital, Ltd. (“American Capital” or the “Company”) (Nasdaq: ACAS) announced net operating income (“NOI”) for the quarter and year ended December 31, 2011 of $229 million, or $0.67 per diluted share, and $448 million, or $1.26 per diluted share, respectively. Net earnings for the quarter and year ended December 31, 2011 were $594 million, or $1.73 per diluted share, and $974 million, or $2.74 per diluted share, respectively. The results reflect a $428 million deferred tax benefit recognized in the fourth quarter. As of December 31, 2011, net asset value (“NAV”) per share was $13.87, a 16%, or $1.95 per share, increase from the September 30, 2011 NAV per share of $11.92 and a 30%, or $3.16 per share, increase from the December 31, 2010 NAV per share of $10.71.

Q4 2011 FINANCIAL SUMMARY

•
$0.67 NOI per diluted share, or $229 million
ü
$162 million increase over Q4 2010
ü
$0.24 per diluted share, or $84 million, before deferred tax benefit
•
$0.40 net realized earnings per diluted share, or $137 million
ü
$132 million increase over Q4 2010
ü
$(0.24) per diluted share, or $(83) million, before deferred tax benefit
•
$1.33 net unrealized appreciation per diluted share, or $457 million
ü
$81 million increase over Q4 2010
ü
$0.72 per diluted share, or $249 million, before deferred tax benefit
•
$1.73 net earnings per diluted share, or $594 million
ü
$213 million increase over Q4 2010
ü
$0.48 per diluted share, or $166 million, before deferred tax benefit
ü
$1.24 per diluted share, or $428 million, deferred tax benefit
•
$356 million of cash proceeds from realizations
•
$268 million of debt repaid
•
Repurchased 8.4 million shares, totaling $59 million, of American Capital common stock at an average price of $6.97 per share
ü
$0.17 accretive to NAV per share
•
$13.87 NAV per share
ü
$1.95 per share, or 16%, increase over Q3 2011

2011 FINANCIAL SUMMARY

•
$1.26 NOI per diluted share, or $448 million
ü
$244 million increase over 2010
ü
$0.85 per diluted share, or $303 million, before deferred tax benefit



The following information was filed by American Capital, Ltd (ACAS) on Tuesday, February 14, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate American Capital, Ltd's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by American Capital, Ltd.

Continue

Assess how American Capital, Ltd's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

American Capital, Ltd's Definitive Proxy Statement (Form DEF 14A) filed after their 2012 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools
Ticker: ACAS
CIK: 817473
Form Type: 10-K Annual Report
Accession Number: 0000817473-12-000007
Submitted to the SEC: Mon Feb 27 2012 11:10:05 AM EST
Accepted by the SEC: Mon Feb 27 2012
Period: Saturday, December 31, 2011
Industry: 817473

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/acas/0000817473-12-000007.htm