First Eagle Alternative Capital BDC (First Eagle Alternative Capital BDC) Net Income : $-39.51 Mil (TTM As of Dec. 2022)

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What is First Eagle Alternative Capital BDC Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. First Eagle Alternative Capital BDC's Net Income for the three months ended in Dec. 2022 was $-12.69 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2022 was $-39.51 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. First Eagle Alternative Capital BDC's Earnings per Share (Diluted) for the three months ended in Dec. 2022 was $-0.42.

First Eagle Alternative Capital BDC Net Income Historical Data

The historical data trend for First Eagle Alternative Capital BDC's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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First Eagle Alternative Capital BDC Net Income Chart

First Eagle Alternative Capital BDC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Net Income

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-10.60

-24.61

-36.65

17.71

-39.51

First Eagle Alternative Capital BDC Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Net Income	Get a 7-Day Free Trial															-1.96	-3.95	-21.35	-1.52	-12.69

First Eagle Alternative Capital BDC Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

First Eagle Alternative Capital BDC's Net Income for the fiscal year that ended in Dec. 2022 is calculated as

	Net Income		(A: Dec. 2022 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	-38.073	+	-1.437	+	0	+	0
=	-39.51

First Eagle Alternative Capital BDC's Net Income for the quarter that ended in Dec. 2022 is calculated as

	Net Income		(Q: Dec. 2022 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	-10.804	+	-1.889	+	0	+	0
=	-12.69

Net Income for the trailing twelve months (TTM) ended in Dec. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-39.51 Mil.

First Eagle Alternative Capital BDC (NAS:FCRD) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

First Eagle Alternative Capital BDC's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2022 is calculated as

Earnings per Share (Diluted) (Q: Dec. 2022 )	=	(Net Income	-	Preferred Dividends)	/	Shares Outstanding (Diluted Average)
	=	(-12.693	-	0)	/	29.922
	=	-0.42

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.

Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.

First Eagle Alternative Capital BDC Net Income Related Terms

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First Eagle Alternative Capital BDC (First Eagle Alternative Capital BDC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » First Eagle Alternative Capital BDC Inc (NAS:FCRD) » Definitions » Net Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 Boylston Street, Suite 1200, Boston, MA, USA, 02116

Website

https://www.firsteagle.com

First Eagle Alternative Capital BDC Inc is a closed-end investment company which act as a business development company. The company's investment objective is to generate both current income and capital appreciation, primarily through directly originated first lien secured loans, including unitranche investments. It also makes the second lien, subordinated, or mezzanine debt investments, which may include an associated equity component such as warrants, preferred stock or other similar securities and direct equity co-investments.

Executives

Robert J. Hickey	10 percent owner	1515 WEST 22ND STREET, SUITE 1200, OAK BROOK IL 60523
Christopher J. Flynn	director, 10 percent owner, officer: See Remarks	100 FEDERAL STREET 31ST FLOOR, BOSTON MA 02110
Edward J. Giordano	other: CFO of the Adviser	C/O H.I.G. CAPITAL, LLC, 1450 BRICKELL AVENUE, 31ST FLOOR, MIAMI FL 33131
Sabrina Rusnak-carlson	10 percent owner, officer: See Remarks	100 FEDERAL STREET, 31ST FLOOR, BOSTON MA 02110
Jennifer Wilson	officer: Chief Accounting Officer	100 WALL STREET, 11TH FLOOR, NEW YORK NY 10005
Terrence W. Olson	10 percent owner, officer: See Remarks	C/O THL CREDIT, INC., 100 FEDERAL STREET, 31ST FL, BOSTON MA 02110
Arnhold & S. Bleichroeder Holdings, Inc.	10 percent owner	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
William Montgomery Cook	10 percent owner	10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016
First Eagle Investment Management, Llc	10 percent owner	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Sam W. Tillinghast	10 percent owner	C/O THL CREDIT, INC., 100 FEDERAL STREET, 31ST FL, BOSTON MA 02110
James R Fellows	10 percent owner, officer: See Remarks	100 FEDERAL STREET, 31ST FLOOR, BOSTON MA 02110
Brian J. Murphy	10 percent owner	1515 WEST 22ND STREET, SUITE 1200, OAK BROOK IL 60523
Steven F. Krull	10 percent owner	1515 WEST 22ND STREET, SUITE 1200, OAK BROOK IL 60523
Brian W. Good	10 percent owner	1515 WEST 22ND STREET, SUITE 1200, OAK BROOK IL 60523
Thlp Debt Partners, L.p.	10 percent owner	100 FEDERAL STREET, BOSTON MA 02110