CapitalSource (FRA:CAU) Scaled Net Operating Assets : 0.25 (As of Dec. 2013)

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What is CapitalSource Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

CapitalSource's operating assets for the quarter that ended in Dec. 2013 was €6,168.3 Mil. CapitalSource's operating liabilities for the quarter that ended in Dec. 2013 was €4,549.1 Mil. CapitalSource's Total Assets for the quarter that ended in Sep. 2013 was €6,548.7 Mil. Therefore, CapitalSource's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2013 was 0.25.

CapitalSource Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

CapitalSource's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2013 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2013 )
=	(Operating Assets (A: Dec. 2013 )	-	Operating Liabilities (A: Dec. 2013 ))	/	Total Assets (A: Dec. 2012 )
=	(6360.644	-	4549.146)	/	6514.342
=	0.28

where

	Operating Assets		(A: Dec. 2013 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	6501.008	-	140.364
=	6360.644

	Operating Liabilities		(A: Dec. 2013 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	5306.27	-	757.124	-	0
=	4549.146

CapitalSource's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2013 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2013 )
=	(Operating Assets (Q: Dec. 2013 )	-	Operating Liabilities (Q: Dec. 2013 ))	/	Total Assets (Q: Sep. 2013 )
=	(6168.275	-	4549.146)	/	6548.679
=	0.25

where

	Operating Assets		(Q: Dec. 2013 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	6501.008	-	332.733
=	6168.275

	Operating Liabilities		(Q: Dec. 2013 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	5306.27	-	757.124	-	0
=	4549.146

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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CapitalSource (FRA:CAU) Business Description

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Address

Website

http://www.capitalsource.com

CapitalSource Inc., incorporated in the state of Delaware. It is a commercial lender that provides financial products to middle market businesses. Through its wholly owned subsidiary, CapitalSource Bank, the Company provides depository products and services in southern and central California. Its main products include: Depository Products and Services; First Mortgage Loans; Senior Secured Asset-Based Loans; Senior Secured Cash Flow Loans; Direct Real Estate Investments; Term B, Second Lien and Mezzanine Loans; Equity Investments; and Residential Mortgage Investments. The Company currently operates as three reportable segments: Commercial Banking, Healthcare Net Lease and Residential Mortgage Investment. Its Commercial Banking segment comprises commercial lending and banking business activities; Healthcare Net Lease segment comprises its direct real estate investment business activities; and Residential Mortgage Investment segment comprises its residential mortgage investment and other investment activities formally engaged in to optimize its REIT qualification. Through Commercial Banking segment activities, the Company provides a range of financial products to middle market businesses and participates in broadly syndicated debt financings for larger businesses. Through Healthcare Net Lease segment activities, it invests in income-producing healthcare facilities, mainly long-term care facilities in the United States. The Company provides lease financing to skilled nursing facilities and, to a lesser extent, assisted living facilities, and long term acute care facilities. In its Commercial Banking and Healthcare Net Lease segments, the Company has three commercial lending businesses: Healthcare and Specialty Finance, which provides first mortgage loans, asset-based revolving lines of credit, and cash flow loans to healthcare businesses and, to a lesser extent, a range of other companies; Corporate Finance, which provides senior and subordinate loans through direct origination and participation in syndicated loan transactions; and Structured Finance, which engages in commercial and residential real estate finance and also provides asset-based lending to finance companies. The Company's markets are competitive and characterized by varying competitive factors. Some of its competitors have considerable market positions. The Company's bank operations are subject to regulation by federal and state regulatory agencies. This regulation is intended mainly for the protection of depositors and the deposit insurance fund, and secondarily for the stability of the U.S. banking system.