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Page: Company Financials

First Trust High Income Long/Short Fund

Ticker: FSD | Industry: Asset Management - Income | Sector: Financial Services
$12.22 -0.27 (-2.16%)
As of: 2024-07-19

Master Data Export

Enterprise Value

Metric MRQ MRQ-1 2023 2022 2021 2020 2019 2018
Stock Price 11.66 10.48 10.86 11.95 15.70 13.16 15.13 14.51
Market Capitalization 388.17M 348.89M 361.54M 399.52M 525.31M 445.83M 476.67M 493.85M
(-) Cash & Equivalents 71.70M 59.86M 53.49M 55.19M 22.40M 27.16M 11.44M 2.06M
(+) Total Debt 149.03M 143.65M 143.53M 142.40M 137.91M 91.55M 26.81M 28.81M
Enterprise Value 465.50M 432.69M 451.58M 486.72M 640.83M 510.22M 492.04M 520.60M

Income Statement

Metric TTM TTM-1 2023-10-31 2022-10-31 2021-10-31 2020-10-31 2019-10-31 2018-10-31 2017-10-31 2016-10-31
Revenue 38M 92M 20M -78M 64M 0M 57M -10M 65M 18M
Cost of Revenue 13M 15M 6M 7M 8M 8M 9M 8M 8M 8M
Gross Profit 26M 77M 13M -84M 56M -8M 47M -19M 56M 10M
Gross Profit Margin 67.0% 83.6% 68.3% 108.5% 88.2% -2,277.7% 83.8% 181.2% 87.1% 56.7%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 0M 0M 1M 1M 1M 1M 1M 1M 1M 0M
Operating Expenses 44M 136M 1M 1M 1M 1M 1M 1M 1M 35M
Operating Income (EBIT) -18M -60M 13M -85M 55M -9M 46M -19M 55M -25M
Operating Income Margin -47.3% -65.3% 65.1% 109.4% 86.6% -2,616.6% 82.2% 188.1% 85.3% -135.7%
Interest Income 0M 0M 39M 36M 41M 43M 46M 42M 46M 0M
Interest Expense 14M 1M 13M 5M 4M 5M 8M 6M 4M 0M
Net Interest Income -14M -1M 26M 31M 38M 38M 39M 36M 42M 0M
Unusual Items 63M 134M -20M -24M -30M -29M -29M -28M -34M -7M
EBT Excluding Unusual Items -32M -61M 39M -54M 93M 28M 85M 17M 97M -25M
Pre-Tax Income 31M 73M 19M -78M 63M -1M 56M -11M 64M -32M
Pre-Tax Margin 80.4% 79.9% 96.7% 100.8% 98.4% -239.0% 98.4% 106.9% 98.3% -175.2%
Income Tax Expense 0M 0M 0M 0M 0M 0M 0M 0M 0M 51M
Net Income 31M 73M 19M -78M 63M -1M 56M -11M 64M 51M
Net Income Margin 80.4% 79.9% 96.7% 100.8% 98.4% -239.0% 98.4% 106.9% 98.3% 279.9%
Depreciation & Amortization 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
EBITDA -18M -60M 13M -85M 56M -9M 47M -19M 55M -25M
EBITDA Margin -46.8% -65.2% 65.9% 109.1% 86.9% -2,558.4% 82.5% 186.5% 85.4% -135.7%
NOPAT -18M -60M 13M -67M 55M -7M 46M -15M 55M -20M
NOPAT Margin -47.3% -65.3% 65.1% 86.4% 86.6% -2,067.1% 82.2% 148.6% 85.3% -107.2%
Owner's Earnings 31M 73M 19M -78M 63M -1M 56M -11M 64M 51M
Owner's Earnings Margin 81.0% 80.0% 97.6% 100.5% 98.7% -180.8% 98.7% 105.3% 98.3% 279.9%
EPS (Basic) 0.92 2.19 0.57 -2.34 1.88 -0.03 1.61 -0.36 1.87 1.02
EPS (Diluted) 0.92 2.18 0.57 -2.34 1.88 -0.03 1.61 -0.36 1.87 1.46
Shares (Basic) 33M 34M 33M 33M 33M 34M 35M 30M 34M 35M
Shares (Diluted) 33M 34M 33M 33M 33M 34M 35M 30M 34M 35M

Balance Sheet

Metric MRQ MRQ-1 2023-10-31 2022-10-31 2021-10-31 2020-10-31 2019-10-31 2018-10-31 2017-10-31 2016-10-31
Cash & Cash Equivalents 71.70M 59.86M 59.86M 86.51M 40.50M 32.77M 17.49M 2.58M 0.32M -0.06M
Short-Term Investments 0.00M 0.00M 0.00M 2.32M 0.00M 0.00M 0.00M 0.00M 0.00M 0.12M
Cash & Short-Term Investments 71.70M 59.86M 59.86M 88.83M 40.50M 32.77M 17.49M 2.58M 0.32M 0.06M
Net Receivables 10.83M 13.24M 13.24M 14.93M 12.05M 21.24M 16.02M 17.47M 12.67M 13.46M
Inventory 0.00M 0.00M 0.00M 103.75M 52.62M 54.02M 37.49M 0.00M 0.00M 0.00M
Other Current Assets -82.53M 0.00M 0.00M -103.75M -52.62M -54.02M -37.49M -20.04M -12.99M -13.52M
Total Current Assets 0.00M 73.09M 73.09M 103.75M 52.55M 54.01M 33.51M 0.00M 0.00M 0.00M
Property, Plant & Equipment 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Goodwill 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Long-Term Investments 0.00M 526.76M 526.76M 525.78M 700.03M 680.08M 739.81M 735.02M 676.60M 0.00M
Tax Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -735.02M -676.60M 0.16M
Other Assets 622.25M 0.01M 0.01M 0.01M 0.01M 0.02M 0.02M 0.01M 0.01M 788.77M
Total Non-Current Assets 622.25M 526.77M 526.77M 525.80M 700.05M 680.10M 739.83M 0.01M 0.01M 788.93M
Total Assets 622.25M 599.87M 599.87M 629.55M 752.60M 734.11M 773.34M 0.01M 0.01M 788.93M
Accounts Payable 0.00M 2.25M 2.25M 5.32M 2.74M 14.89M 15.57M 3.87M 7.07M 0.00M
Short-Term Debt 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Tax Payables 0.00M 0.00M 0.00M 0.00M 0.07M 0.06M 0.06M 0.06M 0.06M 0.00M
Deferred Revenue 0.00M 2.25M 2.25M 5.32M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Liabilities 0.00M -2.25M -2.25M -5.32M 0.00M 0.00M 0.00M 0.17M -7.07M 0.00M
Total Current Liabilities 0.00M 2.25M 2.25M 5.32M 2.81M 14.95M 15.63M 4.10M 0.06M 0.00M
Long-Term Debt 149.03M 143.65M 143.65M 142.73M 142.06M 120.41M 25.76M 36.66M 28.25M 47.20M
Capital Lease Obligations 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Tax Liabilities 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Liabilities 57.78M 0.00M 0.00M -137.41M 0.00M 0.00M 0.00M -36.66M -28.25M 117.46M
Total Non-Current Liabilities 206.81M 143.65M 143.65M 5.32M 142.06M 120.41M 25.76M 0.00M 0.00M 164.66M
Total Liabilities 206.81M 145.90M 145.90M 10.64M 144.87M 135.36M 41.40M 4.10M 0.06M 164.66M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 22.32M 0.00M
Common Stock 0.33M 0.33M 0.33M 0.33M 0.33M 0.34M 0.34M 0.35M 0.30M 0.35M
Retained Earnings -169.08M -186.84M -186.84M -184.90M -80.10M -111.27M -79.18M -103.20M 0.54M 3.52M
Accumulated OCI 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -22.32M -52.75M
Minority Interest 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Shareholders’ Equity -168.74M -186.51M -186.51M -184.57M -79.77M -110.93M -78.83M -102.86M 0.84M -48.88M
Total Equity -168.74M -186.51M -186.51M -184.57M -79.77M -110.93M -78.83M -102.86M 0.84M -48.88M
Total Liabilities & Equity 38.07M -40.61M -40.61M -173.93M 65.10M 24.42M -37.44M -98.76M 0.90M 115.78M
Tangible Assets 622.25M 599.87M 599.87M 629.55M 752.60M 734.11M 773.34M 0.01M 0.01M 788.93M
Tangible Equity -168.74M -186.51M -186.51M -184.57M -79.77M -110.93M -78.83M -102.86M 0.84M -48.88M
Tangible Book Value -168.74M -186.51M -186.51M -184.57M -79.77M -110.93M -78.83M -102.86M 0.84M -48.88M
Total Investments 0.00M 526.76M 526.76M 525.78M 700.03M 680.08M 739.81M 735.02M 676.60M 0.06M
Net Debt 77.33M 83.80M 83.80M 56.23M 101.56M 87.64M 8.28M 34.09M 27.92M 47.26M

Capital Metrics

Metric MRQ MRQ-1 2023-10-31 2022-10-31 2021-10-31 2020-10-31 2019-10-31 2018-10-31 2017-10-31 2016-10-31
Working Capital 0.0M 70.8M 70.8M 96.1M 49.8M 39.1M 17.9M 16.0M 5.9M 0.0M
Total Capital 564.5M 541.3M 541.3M 564.7M 685.1M 647.2M 608.3M 615.0M 574.3M 671.3M
Capital Employed 622.3M 597.6M 597.6M 621.9M 749.9M 719.2M 757.8M 751.0M 682.5M 788.8M
Invested Capital 492.8M 481.5M 481.5M 478.2M 644.6M 614.5M 590.8M 612.4M 574.0M 671.4M

Cash Flow Statement

Metric TTM TTM-1 2023-10-31 2022-10-31 2021-10-31 2020-10-31 2019-10-31 2018-10-31 2017-10-31 2016-10-31
Net Income 54.79M 73.16M 19.11M -78.36M 62.96M -0.85M 55.66M -10.96M 63.65M 50.48M
Depreciation & Amortization 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Income Tax 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Stock-Based Compensation 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital 1.03M 0.49M -0.44M 1.11M 0.37M 0.90M -0.09M -1.47M 3.50M -1.96M
Accounts Receivable 0.82M 0.65M -0.59M 1.13M 0.55M 1.13M -0.10M -1.94M 3.47M -1.88M
Inventory 0.00M 0.00M 0.00M -0.02M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Accounts Payable -0.02M 0.00M -0.01M -0.11M 0.01M -0.05M -0.01M 0.29M 0.05M -0.10M
Other Working Capital 0.24M -0.17M 0.16M 0.10M -0.19M -0.18M 0.03M 0.18M -0.02M 0.01M
Other Non-Cash Items -13.91M -11.54M -2.89M 165.30M -30.46M -28.56M 25.57M 58.26M 93.70M 283.74M
Net Cash from Operating Activities 42.56M 62.76M 15.78M 88.05M 32.86M -28.50M 81.14M 45.83M 160.85M 330.28M
Capital Expenditures (PPE) 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Acquisitions (Net) 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Purchases of Investments -407.66M -744.70M -220.45M -215.48M -355.19M -557.25M -272.52M -239.65M -391.65M -436.90M
Sales / Maturities of Investments 491.88M 707.92M 216.42M 275.52M 361.55M 496.24M 320.64M 256.26M 49.91M 106.09M
Other Investing Activities 0.00M 0.00M 0.00M 0.00M -5.87M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Cash from Investing Activities 84.22M -42.65M -4.03M 60.04M 0.49M -61.01M 48.12M 16.61M -341.74M -330.81M
Net Debt Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Long-Term Debt Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Short-Term Debt Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock Issuance 0.00M 0.00M -0.92M 0.00M -21.65M 0.00M 0.00M 16.84M 0.00M 0.00M
Common Stock Repurchased -1.98M -9.36M -1.43M -0.55M -2.50M -9.78M -7.48M -10.06M -93.90M -9.47M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid -84.03M -87.68M -41.97M -42.17M -44.22M -45.06M -44.05M -42.73M -47.81M -37.54M
Common Dividends Paid -84.03M -87.68M -41.97M -42.17M -44.22M -45.06M -44.05M -42.73M -47.81M -37.54M
Preferred Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities 4.98M 69.99M -0.51M 0.10M 19.15M 84.87M -18.38M -0.69M -112.85M 37.15M
Net Cash from Financing Activities -79.05M -17.69M -42.49M -42.07M -25.07M 39.81M -62.42M -43.42M -160.66M -0.39M
Effect of FX on Cash 0.00M 0.00M 4.03M -60.04M -0.49M 61.01M -48.12M 0.00M 0.00M 0.00M
Net Change in Cash 47.74M 2.42M -26.71M 46.00M 7.78M 11.31M 18.72M 2.41M 0.19M -0.92M
Cash at Beginning of Period 217.51M 99.22M 86.56M 40.56M 32.78M 21.47M 2.75M 0.34M 0.16M 0.00M
Cash at End of Period 265.25M 101.64M 59.86M 86.56M 40.56M 32.78M 21.47M 2.75M 0.34M -0.92M
Operating Cash Flow 42.56M 62.76M 15.78M 88.05M 32.86M -28.50M 81.14M 45.83M 160.85M 330.28M
Capital Expenditure 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Free Cash Flow 42.56M 62.76M 15.78M 88.05M 32.86M -28.50M 81.14M 45.83M 160.85M 330.28M

Free Cash Flow

Metric TTM TTM-1 2023-10-31 2022-10-31 2021-10-31 2020-10-31 2019-10-31 2018-10-31 2017-10-31 2016-10-31
EBITDA 25.85M 76.59M 13.04M -84.75M 55.67M -9.04M 46.70M -19.10M 55.35M 10.38M
(-) Tax Adjustment 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
(-) Change In Working Capital 1.03M 0.49M -0.44M 1.11M 0.37M 0.90M -0.09M -1.47M 3.50M -1.96M
(-) Capital Expenditure 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Unlevered Free Cash Flow 24.82M 76.10M 13.48M -85.85M 55.30M -9.95M 46.78M -17.63M 51.85M 12.34M
(-) Net Interest Income After Taxes -13.92M -1.03M 25.97M 30.86M 37.96M 37.66M 38.57M 36.13M 42.08M 0.00M
Net Debt Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Levered Free Cash Flow 38.73M 77.13M -12.49M -116.71M 17.35M -47.60M 8.22M -53.76M 9.77M 12.34M