The Motley Fool

APRIL 29, 2024

We have a packed agenda lined up for the next three days, and we're excited to see our customers, partners, analysts, shareholders, and employees, all in person to share our passion for BI, AI, bitcoin, and innovation. billion in equity in a manner that we believe to be creative to existing shareholders. Equity issuances.

Leveraging 246

Leveraging Debt Assets Shareholders 246

The Motley Fool

AUGUST 1, 2024

We have been and will remain committed to our successful time-tested low-cost and tax-efficient strategy. I think that this ought to produce excellent returns for our shareholders over time. Our investment engine stuck to our plan of low-cost, tax-efficient, and brand. Net income to common shareholders was $1.3

Collateral 130

Collateral Liabilities Asset Management Portfolios 130

The Motley Fool

OCTOBER 31, 2024

In other words, they're not backed by any underlying assets or collateral. However, as with other debt instruments, baby bonds are senior to a company's preferred shares and common stock and are paid before preferred and common shareholders in the event of a default.

Due Diligence 100

Due Diligence Investing Bidding Taxes 100

The Motley Fool

AUGUST 1, 2024

CAFD yield with an investment structure that both provides desirable market participation and extended tax runway benefits. gigawatts of equipment that secures qualification for tax credits for projects across multiple COD vintages and technologies through 2028 making use of long-standing safe harbor guidance. CAFD yield. this year.

Taxes 130

Taxes Debt Shareholders Capital 130

The Motley Fool

OCTOBER 13, 2023

Revenue, pre-tax provision profit, net income, diluted earnings per common share, and ROTCE were all higher than a year ago. per share of discrete tax benefits related to the resolution of prior-period tax matters. Our capital levels have increased, and we expect to continue to return excess capital to shareholders.

Banks 246

Banks Capital Assets Collateral 246

The Motley Fool

JULY 26, 2024

The sale of Eastern Insurance monetized and undervalued assets for our shareholders and created a significant gain and capital increase. We look forward to analyzing share repurchases, along with our other capital management tools and we'll continue to look for additional opportunities to create shareholder value.

Mergers and Acquisitions 130

Mergers and Acquisitions Securities and Exchange Commission (SEC) Banks Assets 130

The Motley Fool

FEBRUARY 7, 2025

We closed out the year on a strong note with fourth-quarter financial results above our expectations as we continue to generate strong earnings and cash flows while returning capital to shareholders. I would encourage you all to check out Manufacture Like a Pro series of videos and other marketing collateral. We generated $500.9

Taxes 130

Taxes Shareholders Collateral Capital 130

The Motley Fool

JULY 28, 2023

billion in shareholder remuneration with payment in September. Since 2021, the total amount distributed in dividends and interest on capital translated into a 27% yield to our shareholders. Higher gold prices and the one-off effect on tax credits contributed to reducing our total costs in the quarter. Next slide.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Shareholders Financing Finance 130

The Motley Fool

JANUARY 26, 2024

Although we recognize we need to finish the job and obtain both shareholder and regulatory approval for the merger, we believe we are on track for both and look forward to closing early in the second quarter. It had a very large and positive impact with a gain of 295 million after tax, which led to improved capital ratios.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Mergers and Acquisitions Banks Taxes 130

The Motley Fool

AUGUST 2, 2024

We maintained our disciplined approach to capital deployment by investing in the growth of our businesses and returning excess capital to shareholders. Our disciplined approach to capital deployment supported investments in our businesses while returning over $700 million to shareholders during the quarter. on an after-tax basis.

Assets 130

Assets Capital Liabilities Collateral 130

The Motley Fool

APRIL 26, 2024

In addition, we will create efficiencies and synergies that will benefit shareholders as we consolidate the two companies. Shareholders' equity was down $22 million in the quarter as net income of $38 million was offset by a decline in other comprehensive income and the dividend paid in Q1. As I mentioned, nonperforming loans were $57.2

Mergers and Acquisitions 130

Mergers and Acquisitions Securities and Exchange Commission (SEC) Banks Assets 130

The Motley Fool

OCTOBER 23, 2024

In summary, we produced a very solid quarter with pre-tax operating income of $246 million and operating ROTCE of 16.8%, which is at the upper end of our guidance. million customers and generated $305 million in pre-tax servicing income, thanks to continued strong operating leverage. and liquidity at a record high of $4.1

Taxes 130

Taxes Leveraging Capital Amortization 130

The Motley Fool

MAY 2, 2024

We view our long-term shareholders as partners, we welcome the chance to provide you with an update on how things are going as well as our plans and dreams for the future. We want our shareholders to win as we earn profitable on the capital we use to do this work. Total shareholders' equity stood at $15.7

Liabilities 130

Liabilities Shareholders Asset Management Portfolios 130

The Motley Fool

JULY 25, 2023

We also returned nearly $100 million to shareholders by buying back 6.5 And, our diluted share count has gone from $585 million to $514 million down by 12% to the benefit of our shareholders. With the assets of FPT now included as part of the collateral, we rightsized our ABL from $4.5 billion to just $750 million down by 80%.

Debt 130

Debt Shareholders Capital Banks 130

The Motley Fool

FEBRUARY 7, 2024

Our disciplined approach to capital deployment enables us to effectively balance investing in the long-term growth of our businesses with returning capital to shareholders. In the fourth quarter, we returned over $700 million of capital to shareholders. Our pre-tax adjusted operating income was $5.5 on an after-tax basis.

Mergers and Acquisitions 130

Mergers and Acquisitions Capital Assets Liabilities 130

The Motley Fool

FEBRUARY 1, 2024

Among other things, the unrealized gain on our equity portfolio now stands at over $6 billion free tax. We reported net income to common shareholders of 2 billion in 2023 versus the net loss to common shareholders of 253 million in 2022, with the change largely attributed to the year-over-year swing in our public equity portfolio valuation.

Liabilities 130

Liabilities Portfolios Capital Shareholders 130

The Motley Fool

AUGUST 3, 2023

The excess cash generated by our business is then dynamically allocated to our three capital allocation priorities: Deleveraging; selective M&A and return of capital to shareholders. Our bond portfolio has an average pre-tax coupon of around 4% and a weighted average maturity of 14 years. Lower income tax increased EPS by $0.04.

Taxes 130

Taxes Debt Securities and Exchange Commission (SEC) Portfolios 130

The Motley Fool

MARCH 2, 2024

But overall, if you're a Cap One shareholder, I think that's a good deal for you to buy this. I think if you're a Discover shareholder, hold onto your shares. On Thursday, MercadoLibre reported solid sales results, but earnings were hurt by what appears to be two non-recurring tax charges. Ron Gross: Sounds good.

Taxes 130

Taxes Capital Banks Shareholders 130

The Motley Fool

NOVEMBER 1, 2023

For the third quarter, we reported a GAAP net loss of $143 million, which included a $110 million tax provision expense. This non-cash tax expense was related to the reestablishment of our valuation allowance on our deferred tax asset, directly related to our Bitcoin holdings. billion in current market value.

Education 130

Education Assets Leveraging Debt 130

The Motley Fool

FEBRUARY 20, 2024

We are very proud of our operational performance and the positive impact it has on our financial results, which ultimately creates value for our shareholders. And while we recognize that operating a growing fleet is a competing priority with deleveraging, we will be sure to balance the two in a manner that best serves our shareholders.

Debt 130

Debt Shareholders Assets Liabilities 130

The Motley Fool

JULY 26, 2023

Turning to operations, the servicing team produced excellent results with 182 million in pre-tax income. Originations reported pre-tax income of 38 million, which exceeded the guidance we gave you last quarter. Finally, I'd like to update you about the 50 million change in our deferred tax assets in the quarter.

Mergers and Acquisitions 130

Mergers and Acquisitions Financing Finance Leveraging 130

The Motley Fool

AUGUST 27, 2024

Our press release and the shareholder letter were issued earlier today and are posted on the Investor Relations section of our website. A reconciliation of GAAP non-GAAP results other than with respect to our non-GAAP financial outlook is provided in today's press release and in our shareholder letter. I'll elaborate on this later.

Shareholders 130

Shareholders Best Practices Liabilities Accounting 130

The Motley Fool

JULY 19, 2024

Average deposits also remained relatively stable while ending deposits declined modestly during the quarter, consistent with seasonal tax-related patterns. These declines in the second quarter reflect anticipated tax seasonality. years relative to the $50 million pre-tax loss recorded this quarter. common equity Tier 1.

Leveraging 130

Leveraging Assets Capital Banks 130

The Motley Fool

NOVEMBER 9, 2023

I guess the real question is around timing and how you see your ability to free up some of that restricted cash and start to bring on some of those closed one or more of those deals that you're talking about in the shareholder letter? And so, they often make us collateralize some of the tax -- investment tax credit in there.

Securities and Exchange Commission (SEC) 190

Securities and Exchange Commission (SEC) Leveraging Capital Financing 190

The Motley Fool

JULY 25, 2024

For the second quarter, pre-tax operating income came in at $219 million, which is up 46% year over year. The servicing team produced fantastic results, with $288 million in pre-tax income, up a massive 58% from a year ago. Our team generated a pre-tax income of $38 million, coming in at the high end of our guidance.

Leveraging 130

Leveraging Capital Assets Amortization 130

The Motley Fool

APRIL 1, 2024

I know our shareholders want to own a company they can count on for profitability and growth with strong ethics, values, and integrity. Adjusting primarily for $62 million of after-tax litigation settlement charges, adjusted net income was $46 million, which compares to $480,000 in the prior-year quarter. per diluted share.

Capital 130

Capital Leveraging Portfolios Shareholders 130

The Motley Fool

AUGUST 2, 2023

Our disciplined approach to capital deployment, coupled with the added capital flexibility achieved through our de-risking transactions, enables us to effectively balance investing in the long-term growth of our businesses with returning capital to shareholders. Our pre-tax adjusted operating income was $1.4 on an after-tax basis.

Assets 100

Assets Capital Liabilities Asset Management 100

The Motley Fool

OCTOBER 30, 2024

Our plan to source corporate growth capital is first from retained CAFD; second, with access corporate debt capacity in line with our target BB rating; and third, we may lead to issue external equity to fund investments to the extent such investment would be sufficiently accretive to shareholders. We also recognize that we had $2.1

Assets 130

Assets Capital Leveraging Debt 130

The Motley Fool

APRIL 24, 2024

Excluding the $802 million after-tax gain from the sale of our Pets Best business, we generated $491 million in net earnings or $1.18 During the first quarter, we returned $402 million to shareholders, consisting of $300 million of share repurchases and $102 million of common stock dividends. We generated $1.3 per diluted share.

Liabilities 130

Liabilities Capital Banks Financing 130

The Motley Fool

JULY 25, 2024

Net interest expense was $21 million, and tax expense in the quarter was $59 million. Total shareholder distributions in the quarter were $122 million, including $100 million of share repurchases. Corporate expense was $24 million. Cash flow from operating activities was $231 million. Capital expenditures were $51 million.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Debt Leveraging Collateral 130

The Motley Fool

APRIL 12, 2024

billion in capital to our common shareholders, and that includes $500 million through share buyback. billion of net income to common shareholders, which added 27 basis points. Look, as Mark said in his opening and Andy has been talking about, this should be a sort of up to a 30% pre-tax margin business. First, we generated $3.1

Banks 130

Banks Mergers and Acquisitions Assets Investment Banking 130

The Motley Fool

MAY 7, 2024

As well, we will host our Annual Shareholder Meeting on May 29. Last quarter, I mentioned an initiative to allow applicants to provide collateral to support their personal loan application, with the goal of helping borrowers access credit at lower rates than would otherwise be possible. I'm Dave Girouard, co-founder and CEO of Upstart.

Banks 130

Banks Capital Funds Taxes 130

The Motley Fool

JULY 14, 2023

End-of-period deposits were down 4% quarter on quarter as customers continue to spend down their cash buffers, including for seasonal tax payments, and seek higher-yielding products. billion, with pre-tax margin of 32%. And that is a little bit of a straight-up across-the-board tax on everything. Revenue of 4.6 Expenses of 3.2

Banks 130

Banks Liabilities Capital Assets 130

The Motley Fool

OCTOBER 11, 2024

billion with pre-tax margin of 33%. And to be fair, your long-term shareholders really don't care about whether it's 87% or 85%, right? And again, beyond that boilerplate conversation that you always get every quarter, how should your shareholders think about how you're thinking about the opportunities to deploy this capital?

Banks 130

Banks Capital Assets Mergers and Acquisitions 130

The Motley Fool

FEBRUARY 22, 2024

EBIT margin, excluding one-off expenses from previous years as explained in the letter to shareholders. We expanded our credit card offer to Mexico, a large, dark, collateralized credit card solution in Brazil, where the user receives a credit limit equivalent to the value of funds deposited into their account.

Accounting 100

Accounting Banks Financing Finance 100

The Motley Fool

DECEMBER 5, 2023

We remain optimistic about our future, exemplified by higher growth, improving operating results, and enhanced value creation for our shareholders. million increase in taxes, a $6.7 AeroVironment solutions can identify threats, track them in real time, and neutralize them with maximum effectiveness while minimizing collateral damage.

Capital 130

Capital Amortization Funds Leveraging 130

Blackstone

NOVEMBER 16, 2023

Those managers experienced in due diligence with sufficient scale to build out funds with higher-quality collateral and low leverage in defensive sectors may be able to provide a better cushion. Calculating leverage as (Deposits + Debt) / Shareholder Equity results in 8.9x Private credit funds tend to be levered ~1.0x Leverage Ratio.

Leveraging 52

Leveraging Debt Banks Leveraged Buyouts 52