Pioneer Floating Rate Fund, Inc. (PHD)
The Pioneer Floating Rate Fund, Inc. (PHD) operates as a closed-end mutual fund, with its oversight and management provided by Pioneer Investment Management, Inc. This investment vehicle primarily allocates capital to senior secured floating-rate loans within the United States' fixed income markets. To benchmark its performance, the fund measures itself against the Barclays U.S. High Yield Loans Index. Established on October 6, 2004, the fund is domiciled in the United States.
Industry: Asset Management
Pioneer Floating Rate Fund, Inc.
NYSE:PHDFinancial Services · Asset Management
Mkt Cap-
Float12.12M
O/S-
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$17.25M
Net Income$16.65M
Total Assets$198.9M
Free Cash Flow$13.55M
Debt & Equity
Debt 32%
Equity 68%
Total Debt$60M
Total Equity$127.87M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in PHD's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$198.9M
Liabilities$71.04M
Accounts Receivable$4.63M
Accounts Payable$10.82M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | 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 |
| Period Ending | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2018-11-30 | 2017-11-30 | 2016-11-30 | 2015-11-30 | 2014-11-30 | 2013-11-30 | 2012-11-30 |
| Revenue | $17.25M | $19.29M | -$11.25M | $14.34M | $23.75M | $26.58M | $26.1M | $15.06M | $25.1M | $24.52M | $24.25M | $29.88M | $34.25M |
| YoY Growth | -10.5% | -271.4% | -178.5% | -39.6% | -10.7% | 1.8% | 73.3% | -40.0% | 2.4% | 1.1% | -18.8% | -12.8% | - |
| Cost of Revenue | $0 | $3.54M | $1.47M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $17.25M | $16.21M | $13.48M | $14.34M | $4.22M | $26.58M | $26.1M | $15.06M | $25.1M | $24.52M | $24.25M | $29.88M | $34.25M |
| Gross Margin | 100.0% | 84.1% | -119.8% | 100.0% | 17.8% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $587K | $430K | $389K | $688K | $2.33M | $3.83M | $3.68M | $714K | $4.02M | $4.09M | $4.21M | $4.79M | $4.99M |
| Other | $17K | $1.3M | $1.39M | $45K | $18K | $0 | $0 | $15K | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $604K | $1.73M | $1.78M | $733K | $2.35M | $3.83M | $3.68M | $729K | $413K | $18.6M | $8.66M | $4.57M | $8.72M |
| Operating Income (EBIT) | $16.65M | $17.55M | $11.7M | $13.6M | $18.71M | $22.74M | $22.42M | $18.83M | $21.08M | $20.43M | $20.04M | $25.08M | $29.25M |
| Operating Margin | 96.5% | 91.0% | -104.0% | 94.9% | 78.8% | 85.6% | 85.9% | 125.1% | 84.0% | 83.3% | 82.6% | 84.0% | 85.4% |
| Interest Expense | $3.93M | $3.54M | $1.47M | $721K | $1.89M | $4.75M | $4.13M | $2.94M | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $17.96M | $18.95M | $13.43M | $12.48M | $23.42M | $0 | $0 | $24.05M | $1.92M | $1.6M | $1.59M | $0 | $0 |
| Other Income (Expense) | -$3.93M | -$1.79M | -$23.35M | $3.3M | -$16.84M | -$9.73M | -$13.9M | -$6.06M | $1.68M | -$16.11M | -$6.04M | $219K | $13.71M |
| Income Before Tax (EBT) | $16.65M | $15.76M | -$11.65M | $13.6M | $1.87M | $13.01M | $8.52M | $14.33M | $22.76M | $4.31M | $14M | $25.3M | $42.96M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.57M | $0 | $0 | -$6.04M | $219K | $13.71M |
| Net Income | $16.65M | $15.76M | -$11.65M | $13.6M | $1.87M | $13.01M | $8.52M | $15.9M | $22.76M | $4.31M | $13.97M | $22.23M | $40.12M |
| Net Income Margin | 96.5% | 81.7% | 103.6% | 94.9% | 7.9% | 48.9% | 32.6% | 105.6% | 90.7% | 17.6% | 57.6% | 74.4% | 117.2% |
| Supplementary Data | |||||||||||||
| EPS | 1.34 | 1.27 | -0.94 | 0.97 | 0.08 | 0.53 | 0.34 | 0.65 | 0.92 | 0.17 | 0.56 | 0.90 | 1.62 |
| Diluted EPS | 1.34 | 1.27 | -0.94 | 0.97 | 0.08 | 0.53 | 0.34 | 0.65 | 0.92 | 0.17 | 0.56 | 0.90 | 1.62 |
| Weighted Average OS | 12.41M | 12.41M | 12.37M | 14.02M | 23.40M | 24.55M | 24.74M | 24.46M | 24.74M | 24.74M | 24.74M | 24.74M | 24.71M |
| EBITDA | $16.65M | $19.31M | $11.7M | $17.62M | $18.71M | $22.74M | $22.42M | $18.82M | $0 | $0 | $0 | $0 | $0 |
| EBITDA Margin | 96.5% | 100.1% | -104.0% | 122.9% | 78.8% | 85.6% | 85.9% | 125.0% | - | - | - | - | - |
Balance Sheet
| Period | 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 |
| Period Ending | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2018-11-30 | 2017-11-30 | 2016-11-30 | 2015-11-30 | 2014-11-30 | 2013-11-30 | 2012-11-30 |
| Assets | |||||||||||||
| Current Assets | |||||||||||||
| Cash and Cash Equivalents | $159K | $109K | $56K | $0 | $6.85M | $4.92M | $1.89M | $896K | $1.11M | $13.21M | $21.24M | $35.56M | $1.42M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $159K | $109K | $56K | $0 | $6.85M | $4.92M | $1.89M | $896K | $1.11M | $13.21M | $21.24M | $35.56M | $1.42M |
| Accounts Receivable | $4.63M | $4.67M | $2.95M | $4.82M | $36.19M | $5.51M | $2.46M | $3.58M | $4.81M | $11.4M | $9.91M | $5.5M | $19.41M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | -$4.63M | $0 | $0 | $0 | $0 | $0 | $4.94M | $3.21M | $1.73M | $2.53M | $760K | $8K | $14K |
| Total Current Assets | $159K | $4.78M | $3.01M | $4.82M | $43.04M | $10.44M | $4.35M | $4.48M | $7.65M | $27.14M | $31.91M | $41.08M | $20.84M |
| Long-Term Assets | |||||||||||||
| Property, Plant & Equipment Net | $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 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $194.11M | $185.72M | $181.85M | $217.14M | $345.53M | $451.28M | $446.71M | $462.44M | $468.11M | $433.22M | $453.58M | $469.06M | $498.78M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $4.64M | $185.72M | $181.85M | $217.14M | $0 | $0 | -$446.71M | -$462.44M | $5.55M | $7.64M | $8.52M | $0 | -$498.78M |
| Total Long-Term Assets | $198.75M | $185.72M | $181.85M | $217.14M | $345.53M | $451.28M | $446.71M | $462.44M | $473.67M | $440.86M | $462.1M | $469.06M | $498.78M |
| Other Assets | $0 | $0 | $2K | $0 | $0 | $0 | $0 | $6K | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $198.9M | $190.5M | $184.86M | $221.96M | $388.57M | $461.72M | $451.07M | $466.92M | $481.31M | $468M | $494M | $510.14M | $519.62M |
| Liabilities | |||||||||||||
| Current Liabilities | |||||||||||||
| Accounts Payable | $10.82M | $4.19M | $3.52M | $8.45M | $6.42M | $28.11M | $9.44M | $15.81M | $27.98M | $12.52M | $20.68M | $3.94M | $11.8M |
| Short-Term Debt | $60M | $61.2M | $58.7M | $69.45M | $105.45M | $0 | $0 | $0 | $143.45M | $150.45M | $155.45M | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | -$55.18M | -$61M | $0 | -$111.34M | -$134.01M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $186K | $255K | -$3.52M | -$9.06M | -$105.96M | $110.15M | -$9.58M | -$16.02M | $572K | $669K | $641K | $592K | $2.63M |
| Total Current Liabilities | $71.04M | $65.68M | $3.52M | $8.45M | $6.42M | $28.11M | $9.44M | $15.81M | $172M | $163.64M | $176.77M | $4.53M | $14.43M |
| Long-Term Liabilities | |||||||||||||
| Long-Term Debt | $2K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $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 |
| Other Long-Term Liabilities | $0 | $6K | $14K | $4K | $2K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $2K | $6K | $14K | $4K | $2K | $139.45M | $143.45M | $143.45M | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $55.45M | $61.83M | $467K | $1.43M | $272K | $463K | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $71.04M | $65.64M | $62.49M | $78.73M | $112.34M | $168.98M | $153.16M | $159.73M | $172M | $163.64M | $176.77M | $4.53M | $14.44M |
| Stockholders' Equity | |||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $182.47M | $182.47M |
| Common Stock | $207.77M | $207.77M | $207.78M | $207.78M | $344.94M | $344.94M | $363.69M | $375.1M | $437.57M | $465.54M | $465.54M | $465.54M | $465.11M |
| Retained Earnings | -$79.9M | -$82.91M | -$85.41M | -$64.55M | -$68.71M | -$52.21M | -$65.79M | -$35K | -$128.26M | -$161.19M | -$148.31M | -$142.42M | -$210.05M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$67.87M | -$1 | $0 | $0 | $182.47M | $250.13M |
| Total Equity | $127.87M | $124.86M | $122.37M | $143.23M | $276.23M | $292.73M | $297.9M | $307.2M | $309.31M | $304.36M | $317.24M | $505.6M | $505.18M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $198.9M | $190.5M | $184.86M | $221.96M | $388.57M | $461.72M | $451.07M | $466.92M | $481.31M | $468M | $494M | $510.14M | $519.62M |
| Supplementary Data | |||||||||||||
| Total Debt | $60M | $61.2M | $58.7M | $69.45M | $105.45M | $139.45M | $143.45M | $143.45M | $143.45M | $150.45M | $155.45M | $0 | $0 |
| Net Debt | -$159K | $61.09M | $58.64M | $69.45M | $98.6M | $134.53M | $141.56M | $142.55M | $142.34M | $137.24M | $134.21M | -$35.56M | -$1.42M |
Cash Flow Statement
| Period | 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 |
| Period Ending | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2018-11-30 | 2017-11-30 | 2016-11-30 | 2015-11-30 | 2014-11-30 | 2013-11-30 | 2012-11-30 |
| Operating Activities | |||||||||||||
| Net Income | $16.65M | $15.76M | -$11.65M | $13.6M | $1.87M | $13.01M | $8.52M | $15.9M | $22.76M | $4.31M | $14M | $25.3M | $42.96M |
| Depreciation & Amortization | $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 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||
| Accounts Receivable | $165K | -$57K | -$22K | $787K | -$678K | -$13K | $635K | $351K | $254K | -$64K | $152K | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$1.07M | $2K | -$48K | $361K | -$959K | $996K | -$188K | $1.49M | -$223K | -$49K | $66K | $0 | $0 |
| Total Working Capital Change | -$908K | -$55K | -$70K | $1.15M | -$1.64M | $983K | $450K | $2.2M | $31K | -$113K | $218K | $0 | $0 |
| Other Non-Cash Items | -$2.19M | -$4.88M | $32.27M | $161.03M | $53.39M | $13.24M | $9.81M | -$242K | -$10.09M | $9.97M | $18.38M | -$25.3M | -$42.96M |
| Net Cash from Operating | $13.55M | $10.83M | $20.55M | $175.78M | $53.62M | $27.24M | $18.78M | $17.86M | $12.71M | $14.17M | $32.6M | $0 | $0 |
| Investing Activities | |||||||||||||
| Capital Expenditures | $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 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | |||||||||||||
| Debt Repaid | $1.2M | -$2.5M | $10.75M | $36M | $34M | $4M | - | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | -$136.82M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$12.59M | -$13.27M | -$9.25M | -$9.8M | -$18.37M | -$19.67M | -$17.81M | -$18.01M | -$17.81M | -$17.19M | -$19.9M | $0 | $0 |
| Other Financing Activities | $292K | -$4K | -$492K | -$3K | -$111K | $0 | -$13K | $0 | -$7M | -$5M | -$27.02M | $0 | $0 |
| Net Cash from Financing | -$13.5M | -$10.78M | -$20.49M | -$182.63M | -$52.48M | -$23.67M | -$17.82M | -$18.01M | -$24.81M | -$22.19M | -$46.92M | $0 | $0 |
| Forex Effect | -$24 | $0 | $0 | $0 | $3K | -$824 | $5K | $7K | $127 | -$8K | -$7K | $0 | $0 |
| Net Change in Cash | $50K | $53K | $56K | -$6.85M | $1.15M | $3.57M | $964K | -$144K | -$12.1M | -$8.03M | -$14.32M | $0 | $0 |
| Supplementary Data | |||||||||||||
| Operating Cash Flow | $13.55M | $10.83M | $20.55M | $175.78M | $53.62M | $27.24M | $18.78M | $17.86M | $12.71M | $14.17M | $32.6M | $0 | $0 |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $13.55M | $10.83M | $20.55M | $175.78M | $53.62M | $27.24M | $18.78M | $17.86M | $12.71M | $14.17M | $32.6M | $0 | $0 |
| Cash at Beginning | $109K | $56K | $0 | $6.85M | $5.7M | $2.13M | $963K | $1.11M | $13.21M | $21.24M | $35.56M | $0 | $0 |
| Cash at End | $159K | $109K | $56K | $0 | $6.85M | $5.7M | $1.93M | $963K | $1.11M | $13.21M | $21.24M | $0 | $0 |