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American Capital, Ltd (ACAS) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2012

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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 11, 2013

CONTACT:
Investors - (301) 951-5917
Media - (301) 968-9400
    
AMERICAN CAPITAL REPORTS 2012 NET OPERATING INCOME BEFORE INCOME TAXES OF $383 MILLION, OR $1.16 PER DILUTED SHARE, AND NET EARNINGS OF $1,136 MILLION, OR $3.44 PER DILUTED SHARE

Bethesda, MD - February 11, 2013 - American Capital, Ltd. (“American Capital” or the “Company”) (Nasdaq: ACAS) announced net operating income (“NOI”) before income taxes for the quarter and year ended December 31, 2012 of $115 million, or $0.36 per diluted share, and $383 million, or $1.16 per diluted share, respectively. NOI after income taxes for the quarter and year ended December 31, 2012 was $83 million, or $0.26 per diluted share, and $397 million, or $1.20 per diluted share, respectively. Net earnings for the quarter and year ended December 31, 2012 were $123 million, or $0.38 per diluted share, and $1,136 million, or $3.44 per diluted share, respectively. As of December 31, 2012, net asset value (“NAV”) per share was $17.84, a 10% annualized, or $0.45 per share, increase from the September 30, 2012 NAV per share of $17.39 and a 29%, or $3.97 per share, increase from the December 31, 2011 NAV per share of $13.87.

2012 FINANCIAL SUMMARY

•
$1.16 NOI before income taxes per diluted share, or $383 million
ü
$80 million increase over 2011
ü
$1.20 NOI after income taxes per diluted share, or $397 million
•
$0.38 net realized earnings per diluted share, or $124 million
ü
$14 million decline from 2011
•
$3.06 net unrealized appreciation per diluted share, or $1,012 million
ü
$176 million increase over 2011
•
$3.44 net earnings per diluted share, or $1,136 million
ü
22% annual return on average shareholders' equity
ü
$162 million increase over 2011
•
$1,498 million of cash proceeds from realizations
•
$487 million of securitized debt repaid
•
34.8 million shares of American Capital common stock repurchased, totaling $362 million
ü
$10.39 average price per share
ü
$0.77 accretive to NAV per share
•
$17.84 NAV per share
ü
$3.97 per share, or 29%, increase over Q4 2011










The following information was filed by American Capital, Ltd (ACAS) on Monday, February 11, 2013 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.

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SEC Filing Tools
Ticker: ACAS
CIK: 817473
Form Type: 10-K Annual Report
Accession Number: 0000817473-13-000005
Submitted to the SEC: Fri Mar 01 2013 6:17:40 AM EST
Accepted by the SEC: Fri Mar 01 2013
Period: Monday, December 31, 2012
Industry: 817473

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