Last10K.com

American Capital, Ltd (ACAS) SEC Filing 10-Q Quarterly report for the period ending Thursday, March 31, 2016

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
May 6, 2016

CONTACT:
Investors - (301) 951-5917
Media - (301) 968-9400

AMERICAN CAPITAL REPORTS NOI BEFORE INCOME TAXES OF $0.40 PER DILUTED SHARE, NET LOSS OF $(0.34) PER DILUTED SHARE AND NAV PER SHARE OF $20.14
 
Bethesda, MD - May 6, 2016 – American Capital, Ltd. (“American Capital” or the “Company”) (NASDAQ: ACAS) announced consolidated net operating income (“NOI”) before income taxes for the quarter ended March 31, 2016 of $94 million, or $0.40 per diluted share, an 8% annualized return on equity. Consolidated NOI for the quarter ended March 31, 2016 was $74 million, or $0.31 per diluted share. Consolidated net loss for the quarter ended March 31, 2016 was $(80) million, or $(0.34) per diluted share. As of March 31, 2016, net asset value (“NAV”) per share was $20.14, a $0.26 per share increase from the December 31, 2015 NAV per share of $19.88.

Q1 2016 CONSOLIDATED FINANCIAL SUMMARY

•
$20.14 NAV per share outstanding
ü
$0.26 per share increase from Q4 2015
ü
5% annualized economic return from Q4 2015
•
$0.40 NOI before income taxes per diluted share, or $94 million
ü
8%, or $0.03 per diluted share, increase over Q4 2015
ü
8% annualized return on equity
ü
10% annualized return on equity, excluding non-recurring costs
◦
$8 million of severance related costs
◦
$5 million of transaction costs associated with the strategic review process
•
$0.31 NOI after income taxes per diluted share, or $74 million
ü
29%, or $0.07 per diluted share, increase over Q4 2015, or $13 million
•
$(0.34) net loss per diluted share, or $(80) million
ü
61%, or $0.54 per diluted share, improvement over Q4 2015, or $147 million
•
$635 million of cash proceeds from realizations
ü
$378 million from settled Senior Floating Rate Loans (“SFRLs”)
ü
$126 million from Sponsor Finance and Other Investments
ü
$43 million from the sale of a significant portion of our commercial mortgage portfolio
•
$132 million of new committed investments
ü
$65 million in Sponsor Finance and Other Investments
ü
$33 million in American Capital Asset Management, LLC (“ACAM”)
•
21.2 million shares of American Capital common stock repurchased for $297 million
ü
8.7% of shares outstanding as of December 31, 2015
ü
$13.96 average price per share
ü
$0.53 per share accretive to March 31, 2016 NAV per share



The following information was filed by American Capital, Ltd (ACAS) on Friday, May 6, 2016 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter 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-Q Quarterly 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 2016 10-K Annual Report includes:

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

Continue

SEC Filing Tools

Material Contracts, Statements, Certifications & more

American Capital, Ltd provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 32: Section 1350 Certification
Ticker: ACAS
CIK: 817473
Form Type: 10-Q Quarterly Report
Accession Number: 0000817473-16-000090
Submitted to the SEC: Fri May 06 2016 5:22:09 PM EST
Accepted by the SEC: Fri May 06 2016
Period: Thursday, March 31, 2016
Industry: 817473

External Resources:
Stock Quote
Social Media
SEC.gov

Bookmark the Permalink:
https://last10k.com/sec-filings/acas/0000817473-16-000090.htm