BlackRock Capital Allocation Term Trust (BCAT)
The BlackRock Capital Allocation Term Trust (BCAT) is a recently established, closed-end investment management company. As a non-diversified entity, it currently operates without a prior operational track record. Its primary goal is to achieve a blend of total return and income for investors, which it aims to do by generating immediate income streams, realizing short-term profits, and fostering long-term capital growth. The Trust's main office is situated in Wilmington, Delaware.
Industry: Asset Management
BlackRock Capital Allocation Trust
NYSE:BCATFinancial Services · Asset Management
-0.15%$13.18
AH Close$13.18+0.00%vs close
AH Close$13.18+0.00%vs close
Mkt Cap$1.4B
Float105.36M
O/S106.28M
Inst Own18.1%
Div Yield23.49%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$225.03M
Net Income$221.99M
Total Assets$1.97B
Free Cash Flow$354.89M
Debt & Equity
Equity 100%
Total Debt$0
Total Equity$1.6B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in BCAT's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.97B
Liabilities$370.43M
Accounts Receivable$0
Accounts Payable$272.68M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Revenue | $225.03M | $197.67M | $206.9M | -$320.36M | $124M | $128.56M |
| YoY Growth | 13.8% | -4.5% | -164.6% | -358.4% | -3.5% | - |
| Cost of Revenue | $1.43M | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $223.6M | $197.67M | $206.9M | -$320.36M | $124M | $128.56M |
| Gross Margin | 99.4% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $1.11M | $2.26M | $1.31M | $1.46M | $1.33M | $235K |
| Other | $502K | $999K | $205.59M | $706K | $1.38M | -$103K |
| Total Operating Expenses | $1.61M | $3.25M | $206.9M | $2.16M | $2.71M | $132K |
| Operating Income (EBIT) | $221.99M | $194.42M | $204.72M | -$319.62M | $121.29M | $128.43M |
| Operating Margin | 98.7% | 98.4% | 98.9% | 99.8% | 97.8% | 99.9% |
| Interest Expense | $1.43M | $1.4M | $1.4M | $2.9M | $2.13M | $0 |
| Interest Income | $45.45M | $56.85M | $61.5M | $66.93M | $71.38M | $7.46M |
| Other Income (Expense) | $0 | $0 | $0 | -$2.9M | $0 | $0 |
| Income Before Tax (EBT) | $221.99M | $194.42M | $204.72M | -$322.52M | $121.29M | $128.43M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | $221.99M | $194.42M | $204.72M | -$322.52M | $121.29M | $128.43M |
| Net Income Margin | 98.7% | 98.4% | 98.9% | 100.7% | 97.8% | 99.9% |
| Supplementary Data | ||||||
| EPS | 2.09 | 1.83 | 1.78 | -2.81 | 1.10 | 1.15 |
| Diluted EPS | 2.09 | 1.83 | 1.78 | -2.81 | 1.10 | 1.15 |
| Weighted Average OS | 106.24M | 106.24M | 114.78M | 114.78M | 110.26M | 111.68M |
| EBITDA | $221.99M | $0 | $411.01M | -$639.02M | $0 | $0 |
| EBITDA Margin | 98.7% | - | 198.7% | 199.5% | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $6.75M | $6.3M | $6.93M | $4.1M | $696K | $189K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $6.75M | $6.3M | $6.93M | $4.1M | $696K | $189K |
| Accounts Receivable | $0 | $11.13M | $30.22M | $154.46M | $19.83M | $13.64M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | -$11.15M | $0 | $0 | $0 | $0 |
| Total Current Assets | $6.75M | $6.3M | $37.16M | $158.58M | $19.83M | $13.83M |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $1.51M | $1.85B | $2.23M | $3.2M | $3.04B | $2.31B |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $1.96B | -$1.85B | $2.01B | $2.09B | -$3.04B | -$2.31B |
| Total Long-Term Assets | $1.96B | $1.92B | $2.01B | $2.09B | $3.04B | $2.31B |
| Other Assets | $0 | $0 | $0 | $0 | -$2.29B | $77.64M |
| Total Assets | $1.97B | $1.92B | $2.05B | $2.25B | $767.27M | $2.4B |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $272.68M | $189.89M | $175.16M | $267.23M | $58.91M | $36.07M |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | -$194.55M | $0 | $0 | -$7.47M | -$2.71M |
| Total Current Liabilities | $277.11M | $194.55M | $175.16M | $267.23M | $58.91M | $36.07M |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $0 | $0 | $0 | $1.8M | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $93.32M | $0 | $19.46M | $162.95M | $0 | $0 |
| Total Long-Term Liabilities | $93.32M | $8.5M | $19.46M | $164.75M | $690.56M | $0 |
| Other Liabilities | $0 | $203.05M | $0 | $0 | $17.8M | $0 |
| Total Liabilities | $370.43M | $203.05M | $194.62M | $431.98M | $767.27M | $36.07M |
| Stockholders' Equity | ||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $1.41B | $1.72B | $1.99B | $2.1B | $0 | $2.23B |
| Retained Earnings | $186.24M | -$274K | -$137.03M | -$280.89M | $0 | $116.81M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $0 | $0 | $0 | $0 | - | $0 |
| Total Equity | $1.6B | $1.72B | $1.85B | $1.82B | $0 | $2.35B |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.97B | $1.92B | $2.05B | $2.25B | $767.27M | $2.39B |
| Supplementary Data | ||||||
| Total Debt | $0 | $0 | $0 | $1.8M | $690.56M | $0 |
| Net Debt | -$6.75M | -$6.3M | -$6.93M | -$2.3M | $689.86M | -$189K |
Cash Flow Statement
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Operating Activities | |||||
| Net Income | $194.42M | $204.72M | -$322.52M | $121.29M | $128.43M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||
| Accounts Receivable | $2.63M | -$433K | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$7.87M | $6.47M | $0 | $0 | $0 |
| Total Working Capital Change | -$5.24M | $6.04M | $2.35M | -$1.24M | -$7.61M |
| Other Non-Cash Items | $165.7M | -$29.43M | $1.19B | -$711.21M | -$2.27B |
| Net Cash from Operating | $354.89M | $181.33M | $867.86M | -$591.17M | -$2.15B |
| Investing Activities | |||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | |||||
| Debt Repaid | - | $1.8M | $688.23M | -$690.03M | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $2.23B |
| Common Stock Repurchases | -$45.36M | -$11.5M | -$52.77M | -$13.09M | $0 |
| Dividends Paid | -$281.49M | -$164.29M | -$138.91M | -$120.94M | -$8.67M |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | -$326.85M | -$177.59M | -$879.91M | $556.01M | $2.22B |
| Forex Effect | $224K | $44K | -$208K | $71K | $10K |
| Net Change in Cash | $28.26M | $3.78M | -$12.26M | -$35.08M | $77.76M |
| Supplementary Data | |||||
| Operating Cash Flow | $354.89M | $181.33M | $867.86M | -$591.17M | -$2.15B |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $354.89M | $181.33M | $867.86M | -$591.17M | -$2.15B |
| Cash at Beginning | $34.3M | $30.52M | $42.77M | $77.86M | $100K |
| Cash at End | $62.55M | $34.3M | $30.52M | $42.77M | $77.86M |