CYS Investments, Inc (CYS) swung to a net loss for the quarter ended Dec. 31, 2016. The company has made a net loss of $180.16 million, or $ 1.23 a share in the quarter, against a net profit of $1.65 million, or $0.02 a share in the last year period. Revenue during the quarter dropped 20.11 percent to $68.57 million from $85.83 million in the previous year period.
Total expenses were $5.17 million for the quarter, up 58.21 percent or $1.90 million from year-ago period. Operating margin for the quarter contracted 373 basis points over the previous year period to 92.46 percent.
Operating income for the quarter was $63.40 million, compared with $82.56 million in the previous year period.
Other income during the quarter was $68.57 million, down 20.11 percent or $17.26 million from year-ago period.
Net receivables were at $442.27 million as on Dec. 31, 2016, down 61.24 percent or $698.88 million from year-ago. Accounts payable stood at $1,881.96 million as on Dec. 31, 2016.
Investments stood at $12,799.32 million as on Dec. 31, 2016, down 2.88 percent or $379.20 million from year-ago.
Total assets declined 7.57 percent or $1,085.44 million to $13,245.27 million on Dec. 31, 2016. On the other hand, total liabilities were at $11,709.55 million as on Dec. 31, 2016, down 7.33 percent or $926.54 million from year-ago.
Return on assets moved up 6 basis points to 1.12 percent in the quarter. Return on equity for the quarter stood at negative 12.07 percent as compared to a negative 0.21 percent for the previous year period.
Debt comes downTotal debt was at $9,691.54 million as on Dec. 31, 2016, down 12.58 percent or $1,394.93 million from year-ago. Shareholders equity stood at $1,535.72 million as on Dec. 31, 2016, down 9.38 percent or $158.89 million from year-ago. As a result, debt to equity ratio went down 23 basis points to 6.31 percent in the quarter.
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