Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v3.23.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
INVESTMENT INCOME:    
Non‑Control/Non‑Affiliate investments $ 120,254 $ 79,395
EXPENSES:    
Interest (24,997) (16,687)
Compensation (11,111) (7,269)
General and administrative (4,077) (3,226)
Share‑based compensation (4,100) (2,818)
Expenses allocated to the External Investment Manager 4,998 2,817
Total allocated expenses (39,287) (27,183)
NET INVESTMENT INCOME 80,967 52,212
NET REALIZED GAIN (LOSS):    
Net realized (gain) loss (28,379) 3,336
NET UNREALIZED APPRECIATION (DEPRECIATION):    
Total net unrealized appreciation (depreciation) 35,118 14,752
INCOME TAXES:    
Federal and state income, excise and other taxes (1,737) (1,309)
Deferred taxes (6,377) (3,788)
Total income tax provision (8,114) (5,097)
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS $ 79,592 $ 65,203
NET INVESTMENT INCOME PER SHARE— BASIC (in dollars per share) $ 1.02 $ 0.73
NET INVESTMENT INCOME PER SHARE— DILUTED (in dollars per share) 1.02 0.73
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE—BASIC (in dollars per share) 1.00 0.91
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE—DILUTED (in dollars per share) $ 1.00 $ 0.91
WEIGHTED AVERAGE SHARES OUTSTANDING—BASIC (in shares) 79,552,200 71,708,326
WEIGHTED AVERAGE SHARES OUTSTANDING—DIILUTED (in shares) 79,552,200 71,708,326
Control investments    
INVESTMENT INCOME:    
Non‑Control/Non‑Affiliate investments $ 48,862 $ 32,577
NET REALIZED GAIN (LOSS):    
Net realized (gain) loss (2,966) 0
NET UNREALIZED APPRECIATION (DEPRECIATION):    
Total net unrealized appreciation (depreciation) 17,161 8,279
Affiliate investments    
INVESTMENT INCOME:    
Non‑Control/Non‑Affiliate investments 17,456 13,917
NET REALIZED GAIN (LOSS):    
Net realized (gain) loss (26,264) 692
NET UNREALIZED APPRECIATION (DEPRECIATION):    
Total net unrealized appreciation (depreciation) 33,141 3,041
Non‑Control/Non‑Affiliate investments    
INVESTMENT INCOME:    
Non‑Control/Non‑Affiliate investments 53,936 32,901
NET REALIZED GAIN (LOSS):    
Net realized (gain) loss 851 2,644
NET UNREALIZED APPRECIATION (DEPRECIATION):    
Total net unrealized appreciation (depreciation) $ (15,184) $ 3,432