Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Operations

v3.25.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
INVESTMENT INCOME:    
Total investment income $ 137,046 $ 131,606
EXPENSES:    
Interest (31,168) (26,776)
Compensation (11,476) (12,259)
General and administrative (5,086) (4,220)
Share‑based compensation (4,842) (4,103)
Expenses allocated to the External Investment Manager 5,336 5,559
Total expenses (47,236) (41,799)
NET INVESTMENT INCOME 89,810 89,807
NET REALIZED GAIN (LOSS):    
Total net realized loss (29,545) (12,367)
NET UNREALIZED APPRECIATION:    
Total net unrealized appreciation 63,190 40,647
INCOME TAXES:    
Federal and state income, excise and other taxes (2,486) (2,131)
Deferred taxes (4,887) (8,809)
Total income tax provision (7,373) (10,940)
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS $ 116,082 $ 107,147
NET INVESTMENT INCOME PER SHARE— BASIC (in dollars per share) $ 1.01 $ 1.05
NET INVESTMENT INCOME PER SHARE— DILUTED (in dollars per share) 1.01 1.05
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE—BASIC (in dollars per share) 1.31 1.26
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE—DILUTED (in dollars per share) $ 1.31 $ 1.26
WEIGHTED-AVERAGE SHARES OUTSTANDING—BASIC (in shares) 88,711,015 85,138,530
WEIGHTED-AVERAGE SHARES OUTSTANDING—DILUTED (in shares) 88,711,015 85,138,530
Control investments    
INVESTMENT INCOME:    
Total investment income $ 56,242 $ 51,119
NET REALIZED GAIN (LOSS):    
Total net realized loss 22 10
NET UNREALIZED APPRECIATION:    
Total net unrealized appreciation 401 32,070
Affiliate investments    
INVESTMENT INCOME:    
Total investment income 23,734 17,728
NET REALIZED GAIN (LOSS):    
Total net realized loss 2,064 (7,110)
NET UNREALIZED APPRECIATION:    
Total net unrealized appreciation 39,003 5,925
Non‑Control/Non‑Affiliate investments    
INVESTMENT INCOME:    
Total investment income 57,070 62,759
NET REALIZED GAIN (LOSS):    
Total net realized loss (31,631) (5,267)
NET UNREALIZED APPRECIATION:    
Total net unrealized appreciation $ 23,786 $ 2,652