BLACKROCK FLOATING RATE INCOME STRATEGIES FUND, INC. (FRA)
BlackRock Floating Rate Income Strategies Fund, Inc. is a close ended fixed income mutual fund launched by BlackRock, Inc. The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund invests in bonds of companies operating across diversified sectors. It primarily invests in floating rate debt securities and instruments consisting of secured or unsecured senior floating rate loans that are rated below investment grade. BlackRock Floating Rate Income Strategies Fund, Inc. was formed on October 31, 2003 and is domiciled in the United States.
Industry: Asset Management
BlackRock Floating Rate Income Strategies Fund, Inc.
NYSE:FRAFinancial Services · Asset Management
-0.80%$9.91
AH Close$9.91+0.00%vs close
AH Close$9.91+0.00%vs close
Mkt Cap$351.16M
Float35.43M
O/S35.43M
Inst Own24.6%
SI0.1%
Div Yield15.00%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$36.49M
Net Income$24.41M
Total Assets$560.28M
Free Cash Flow$31.26M
Debt & Equity
Debt 21%
Equity 79%
Total Debt$117.01M
Total Equity$428.59M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in FRA's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$560.28M
Liabilities$131.7M
Accounts Receivable$4.52M
Accounts Payable$14.1M
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 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | 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 | 2019-08-31 | 2018-08-31 | 2017-08-31 | 2016-08-31 | 2015-08-31 | 2014-08-31 | 2013-08-31 | 2012-08-31 |
| Revenue | $36.49M | $45.4M | $52.96M | $33M | $37.59M | $12.33M | $15.15M | $27.64M | $36.9M | $26.38M | $39.13M | $41.01M | $43.25M | $22.41M |
| YoY Growth | -19.6% | -14.3% | 60.5% | -12.2% | 204.8% | -18.6% | -45.2% | -25.1% | 39.9% | -32.6% | -4.6% | -5.2% | 93.0% | - |
| Cost of Revenue | $4.47M | $4.56M | $8.46M | $5.16M | $1.97M | $5.18M | $5.9M | $6.2M | $6.17M | $5.76M | $0 | $0 | $0 | $0 |
| Gross Profit | $32.02M | $40.85M | $56.86M | $27.84M | $31.02M | $7.15M | $9.25M | $21.43M | $30.73M | $20.63M | $39.13M | $41.01M | $43.25M | $22.41M |
| Gross Margin | 87.7% | 90.0% | 107.4% | 84.4% | 82.5% | 58.0% | 61.0% | 77.5% | 83.3% | 78.2% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $284K | $391K | $4.8M | $304K | $356K | $350K | $489K | $687K | $829K | $6.16M | $6.71M | $6.59M | $6.07M | $3.23M |
| Other | $462K | $44K | $0 | $5M | $19 | $15.82M | $55K | $37K | $60K | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $745K | $435K | $4.8M | $5.31M | $356K | $16.17M | $545K | $724K | $890K | $11.46M | $24.2M | $5.22M | $6.57M | $13.02M |
| Operating Income (EBIT) | $31.27M | $47.9M | $52.06M | -$4.61M | $31.23M | $7.43M | $21.56M | -$724K | -$890K | $24.77M | $32.43M | $34.41M | $37.18M | $19.18M |
| Operating Margin | 85.7% | 105.5% | 98.3% | -14.0% | 83.1% | 60.2% | 142.3% | -2.6% | -2.4% | 93.9% | 82.9% | 83.9% | 86.0% | 85.6% |
| Interest Expense | $6.87M | $8.65M | $8.46M | $4.75M | $1.97M | $2.57M | $6.95M | $5.71M | $3.68M | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $43.71M | $52.79M | $55.91M | $38.92M | $30.15M | $30.67M | $42.15M | $40.77M | $37.53M | $2.18M | $2.08M | $1.92M | $1.92M | $836K |
| Other Income (Expense) | -$6.86M | -$8.69M | $10.65M | -$4.73M | -$2M | -$2.57M | $0 | -$8.1M | $4.05M | -$1.64M | -$19.58M | -$539K | $10.72M | $15.42M |
| Income Before Tax (EBT) | $24.41M | $39.21M | $62.71M | -$9.35M | $29.23M | $4.86M | $14.6M | $26.91M | $36.01M | $23.13M | $12.85M | $33.88M | $47.9M | $34.59M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $37.73M | -$724K | -$890K | $0 | $0 | $10K | $55K | $0 |
| Net Income | $24.41M | $39.21M | $62.71M | -$9.35M | $29.23M | $4.86M | $14.6M | $26.91M | $36.01M | $23.13M | $12.85M | $33.87M | $47.84M | $34.59M |
| Net Income Margin | 66.9% | 86.4% | 118.4% | -28.3% | 77.8% | 39.4% | 96.4% | 97.4% | 97.6% | 87.7% | 32.8% | 82.6% | 110.6% | 154.4% |
| Supplementary Data | ||||||||||||||
| EPS | 0.69 | 1.11 | 1.78 | -0.27 | 0.83 | 0.18 | 0.40 | 0.73 | 0.96 | 0.62 | 0.35 | 0.91 | 1.28 | 1.87 |
| Diluted EPS | 0.69 | 1.11 | 1.78 | -0.27 | 0.83 | 0.18 | 0.40 | 0.73 | 0.96 | 0.62 | 0.35 | 0.91 | 1.28 | 1.87 |
| Weighted Average OS | 35.43M | 35.01M | 35.23M | 35.23M | 35.23M | 26.97M | 36.33M | 36.87M | 37.23M | 37.23M | 37.23M | 37.23M | 37.23M | 18.48M |
| EBITDA | $31.28M | $47.9M | $52.06M | -$4.61M | $31.23M | $7.43M | $37.73M | $26.7M | $35.72M | $22.59M | $32.43M | $34.41M | $37.18M | $0 |
| EBITDA Margin | 85.7% | 105.5% | 98.3% | -14.0% | 83.1% | 60.2% | 249.0% | 96.6% | 96.8% | 85.6% | 82.9% | 83.9% | 86.0% | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | 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 | 2019-08-31 | 2018-08-31 | 2017-08-31 | 2016-08-31 | 2015-08-31 | 2014-08-31 | 2013-08-31 | 2012-08-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $185K | $44K | $970 | $3.19M | $1.63M | $3.57M | $1.24M | $508K | $5.13M | $5.21M | $9.54M | $307K | $3.01M | $77K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $185K | $44K | $970 | $3.19M | $1.63M | $3.57M | $1.24M | $508K | $5.13M | $5.21M | $9.54M | $307K | $3.01M | $77K |
| Accounts Receivable | $4.52M | $12.82M | $9.45M | $10.03M | $7.96M | $4.98M | $12.59M | $8.59M | $12.37M | $15.21M | $12.41M | $8.3M | $14.22M | $5.46M |
| Inventory | $0 | $0 | $0 | $0 | $0 | -$9K | $0 | $8.76M | $16.2M | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | -$92 | -$12.83M | $730K | -$3.19M | -$3K | -$8.54M | -$7K | $80K | $58K | $220K | $283K | $327K | $1.61M | $216K |
| Total Current Assets | $4.71M | $44K | $10.18M | $10.03M | $9.59M | $0 | $13.83M | $8.59M | $12.37M | $20.66M | $22.24M | $8.94M | $18.85M | $5.75M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $555.36M | $600.73M | $612.87M | $588.77M | $729.32M | $718.67M | $753.7M | $812.66M | $816.83M | $828.66M | $763.07M | $816.3M | $803.72M | $402.16M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $215K | $0 | $21K | $13.66M | $0 | $0 | $0 | $9.14M | $17.54M | $0 | $0 | $338K | $0 | -$402.16M |
| Total Long-Term Assets | $555.58M | $600.73M | $612.89M | $602.43M | $729.32M | $718.67M | $753.7M | $821.8M | $834.38M | $828.66M | $763.07M | $816.64M | $803.72M | $402.16M |
| Other Assets | $0 | $12.83M | -$66K | -$10.03M | $462K | $727.22M | $7K | -$8.59M | -$12.37M | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $560.28M | $613.6M | $623M | $602.43M | $739.37M | $727.22M | $767.54M | $821.8M | $834.38M | $849.32M | $785.3M | $825.58M | $822.57M | $407.91M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $14.1M | $14.71M | $10.32M | $2.31M | $24.58M | $27.26M | $35.21M | $31.34M | $39.57M | $74.13M | $32.6M | $16.84M | $33.95M | $12.74M |
| Short-Term Debt | $9K | $214K | $144.75M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $214M | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | -$14.69M | -$762K | $46K | -$649K | $1.66M | $1.63M | -$709K | -$33.32M | -$41.31M | $115K | $135K | $122K | $339K | $118.02M |
| Total Current Liabilities | $9K | $14.71M | $157.01M | $3.59M | $27.78M | $30.26M | $36.29M | $32.5M | $40.58M | $75.3M | $34.2M | $18.09M | $249.42M | $130.77M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $117M | $143.21M | $9K | $147M | $223M | $208M | $204M | $233M | $237M | $213M | $196M | $235M | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $14.69M | $558K | $0 | $653K | $0 | $0 | $0 | -$233M | -$237M | $187K | $519 | $27K | $0 | $0 |
| Total Long-Term Liabilities | $131.69M | $143.77M | $9K | $147.65M | $223M | $208M | $36.29M | $266.43M | $278.4M | $213.19M | $196M | $235.03M | $0 | $0 |
| Other Liabilities | $0 | $0 | -$1.35M | $0 | $761K | $239.16M | $168.51M | -$32.5M | -$40.58M | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $131.7M | $158.48M | $155.67M | $151.25M | $251.54M | $239.16M | $241.09M | $266.43M | $278.4M | $288.48M | $230.2M | $253.12M | $249.42M | $130.92M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $51M | $0 | $0 | $27.01M | $75.54M | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $507.37M | $526.13M | $536.34M | $538.84M | $538.84M | $544.78M | $564.64M | $578.38M | $629.5M | $659.69M | $659.8M | $660.03M | $660.07M | $350.24M |
| Retained Earnings | -$78.78M | -$71.01M | -$69.01M | -$87.65M | -$51M | -$56.73M | -$38.19M | $3.99M | $2.01M | -$98.85M | -$104.7M | -$87.57M | -$88.27M | -$73.25M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | -$51M | $0 | $0 | -$27.01M | -$75.54M | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$27.01M | -$75.54M | $0 | $0 | $0 | $0 | $0 |
| Total Equity | $428.59M | $455.12M | $467.34M | $451.19M | $487.83M | $488.05M | $526.45M | $555.37M | $555.97M | $560.84M | $555.1M | $572.46M | $571.8M | $276.99M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $560.28M | $613.6M | $623M | $602.43M | $739.37M | $727.22M | $767.54M | $821.8M | $834.38M | $849.32M | $785.3M | $825.58M | $821.22M | $407.91M |
| Supplementary Data | ||||||||||||||
| Total Debt | $117.01M | $143.21M | $144.76M | $147M | $223M | $208M | $204M | $233M | $237M | $213M | $196M | $235M | $214M | $0 |
| Net Debt | $116.82M | $143.17M | $144.76M | $143.81M | $221.37M | $204.43M | $202.76M | $232.49M | $231.87M | $207.79M | $186.46M | $234.69M | $210.99M | -$77K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | 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 | 2019-08-31 | 2018-08-31 | 2017-08-31 | 2016-08-31 | 2015-08-31 | 2014-08-31 | 2013-08-31 | 2012-08-31 |
| Operating Activities | ||||||||||||||
| Net Income | $24.41M | $39.21M | $62.71M | -$9.35M | $29.23M | $4.86M | $14.6M | $26.91M | $36.01M | $23.13M | $12.85M | $33.87M | $47.84M | $34.59M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $892K | $1.07M | -$2.69M | -$658K | $265K | -$710K | $299K | $19K | $1.09M | $556K | -$21K | $239K | $90K | -$1.57M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$29K | $2K | -$18K | -$52K | -$26K | -$461K | -$39K | $3K | -$468K | $9K | $0 | $0 | $0 | $0 |
| Other Working Capital | -$413K | -$98K | $67K | $467K | -$19K | -$900K | -$76K | $232K | $134K | $58K | $246K | -$101K | -$2.14M | $0 |
| Total Working Capital Change | $450K | $977K | -$2.63M | -$243K | $220K | -$2.07M | $185K | $254K | $778K | $622K | $225K | $138K | -$2.05M | -$1.57M |
| Other Non-Cash Items | $6.4M | $12.16M | -$14.23M | $116.76M | -$16.47M | $18.21M | $58.48M | -$271K | -$14.3M | $4.4M | $65.37M | -$24.54M | $10.4M | -$41.27M |
| Net Cash from Operating | $31.26M | $52.35M | $45.85M | $107.17M | $12.98M | $20.99M | $73.27M | $26.9M | $22.49M | $28.72M | $78.45M | $9.47M | $56.19M | -$6.68M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$254.46M | -$229.28M | -$154.47M | -$117.49M | -$367.23M | -$443.3M | -$406.46M | -$481.78M | -$535.57M | -$398.05M | $0 | $0 | $0 | $0 |
| Sales of Investments | $208.47M | $218.46M | $148.73M | $196.66M | $357.52M | $467.46M | $449.03M | $476.65M | $532.27M | $361.43M | $0 | $0 | $0 | $0 |
| Other Investing Activities | $91.99M | $21.64M | $11.47M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $45.99M | $10.82M | $5.74M | $79.17M | -$9.71M | $24.16M | $42.57M | -$5.12M | -$3.3M | -$36.62M | $0 | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | $26M | $1M | $2.25M | $76M | -$15M | $6M | $29M | $4M | -$12M | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$785 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | -$1.25M | -$6.51M | -$11.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$50.79M | -$51.43M | -$46.56M | -$29.65M | -$28.21M | -$33.31M | -$32.03M | -$27.52M | -$30.31M | -$28M | -$30.2M | -$33.19M | -$33.46M | -$16.91M |
| Other Financing Activities | $89K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $29M | -$39.02M | $21.02M | -$20M | $23.43M |
| Net Cash from Financing | -$76.92M | -$52.97M | -$48.81M | -$105.65M | -$14.46M | -$45.82M | -$72.53M | -$31.52M | -$18.31M | $998K | -$69.22M | -$12.17M | -$53.46M | $6.52M |
| Forex Effect | -$190K | -$479 | -$263K | $4 | -$95 | $2.98M | -$169 | -$157 | $210 | -$24 | $281 | -$304 | -$3K | $918 |
| Net Change in Cash | $141K | -$620K | -$2.95M | $1.52M | -$1.94M | $2.31M | $740K | -$4.63M | $4.18M | -$8.57M | $9.23M | -$2.71M | $2.73M | -$160K |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $31.26M | $52.35M | $45.85M | $107.17M | $12.98M | $20.99M | $73.27M | $26.9M | $22.49M | $28.72M | $78.45M | $9.47M | $56.19M | -$6.68M |
| Capital Expenditure | $0 | $5 | $3 | $0 | -$3 | -$4 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $31.26M | $52.35M | $40.15M | $107.17M | $12.98M | $45.58M | $73.27M | $26.9M | $22.49M | $28.72M | $78.45M | $9.47M | $56.19M | -$6.68M |
| Cash at Beginning | $44K | $664K | $3.62M | $2.09M | $3.57M | $1.26M | $519K | $5.15M | $969K | $9.54M | $307K | $3.01M | $285K | $237K |
| Cash at End | $185K | $44K | $664K | $3.62M | $2.09M | $3.57M | $1.26M | $519K | $5.15M | $969K | $9.54M | $307K | $3.01M | $77K |