Franklin BSP Lending Corp
OTC:BDVC
Income Statement
Earnings Waterfall
Franklin BSP Lending Corp
Income Statement
Franklin BSP Lending Corp
| Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||
| Revenue |
355
N/A
|
360
+1%
|
430
+19%
|
276
-36%
|
302
+9%
|
328
+9%
|
348
+6%
|
95
-73%
|
371
+292%
|
386
+4%
|
402
+4%
|
|
| Gross Profit | ||||||||||||
| Cost of Revenue |
(169)
|
(173)
|
(207)
|
(135)
|
(151)
|
(164)
|
(173)
|
(43)
|
(173)
|
(181)
|
(194)
|
|
| Gross Profit |
186
N/A
|
187
+1%
|
223
+19%
|
142
-36%
|
150
+6%
|
165
+10%
|
176
+6%
|
51
-71%
|
199
+287%
|
205
+3%
|
208
+2%
|
|
| Operating Income | ||||||||||||
| Operating Expenses |
(16)
|
(16)
|
(19)
|
(10)
|
(11)
|
(12)
|
(14)
|
3
|
(12)
|
(11)
|
(11)
|
|
| Selling, General & Administrative |
(10)
|
(10)
|
(12)
|
(6)
|
(7)
|
(7)
|
(7)
|
(3)
|
(9)
|
(9)
|
(9)
|
|
| Other Operating Expenses |
(6)
|
(6)
|
(7)
|
(4)
|
(4)
|
(6)
|
(7)
|
6
|
(1)
|
(1)
|
(0)
|
|
| Operating Income |
170
N/A
|
171
+1%
|
204
+19%
|
131
-36%
|
139
+6%
|
153
+10%
|
162
+6%
|
54
-67%
|
187
+247%
|
194
+4%
|
197
+2%
|
|
| Pre-Tax Income | ||||||||||||
| Interest Income Expense |
151
|
95
|
86
|
(40)
|
(52)
|
(48)
|
(41)
|
(7)
|
(44)
|
(46)
|
(58)
|
|
| Non-Reccuring Items |
(3)
|
(3)
|
(3)
|
(2)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
|
| Total Other Income |
(4)
|
(4)
|
(4)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(2)
|
(2)
|
|
| Pre-Tax Income |
314
N/A
|
259
-17%
|
284
+10%
|
88
-69%
|
85
-4%
|
102
+20%
|
118
+15%
|
45
-62%
|
142
+215%
|
146
+3%
|
137
-6%
|
|
| Net Income | ||||||||||||
| Tax Provision |
(6)
|
(6)
|
(8)
|
(6)
|
(5)
|
(5)
|
(4)
|
(0)
|
(2)
|
(2)
|
(2)
|
|
| Income from Continuing Operations |
308
|
253
|
276
|
82
|
80
|
98
|
114
|
45
|
140
|
143
|
134
|
|
| Net Income (Common) |
308
N/A
|
253
-18%
|
276
+9%
|
82
-70%
|
80
-2%
|
98
+22%
|
114
+17%
|
37
-67%
|
130
+250%
|
132
+1%
|
121
-8%
|
|
| EPS (Diluted) |
1.54
N/A
|
1.23
-20%
|
1.27
+3%
|
0.39
-69%
|
0.36
-8%
|
0.43
+19%
|
0.5
+16%
|
1.46
+192%
|
1.28
-12%
|
0.97
-24%
|
0.9
-7%
|
|