Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v3.23.2
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
INVESTMENT INCOME:        
Interest, fee and dividend income $ 127,583 $ 85,200 $ 247,838 $ 164,596
EXPENSES:        
Interest (26,754) (17,295) (51,752) (33,982)
Compensation (12,188) (8,807) (23,300) (16,076)
General and administrative (4,514) (4,238) (8,591) (7,464)
Share‑based compensation (4,087) (3,596) (8,187) (6,414)
Expenses allocated to the External Investment Manager 5,688 3,462 10,686 6,279
Total expenses (41,855) (30,474) (81,144) (57,657)
NET INVESTMENT INCOME 85,728 54,726 166,694 106,939
NET REALIZED GAIN (LOSS):        
Total net realized loss (75,506) (5,064) (103,886) (1,728)
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation (depreciation) 104,941 (24,593) 140,059 (9,841)
INCOME TAXES:        
Federal and state income, excise and other taxes (1,671) (809) (3,407) (2,118)
Deferred taxes (6,976) (9,511) (13,353) (13,299)
Income tax provision (8,647) (10,320) (16,760) (15,417)
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS $ 106,516 $ 14,749 $ 186,107 $ 79,953
NET INVESTMENT INCOME PER SHARE— BASIC (in dollars per share) $ 1.06 $ 0.75 $ 2.08 $ 1.47
NET INVESTMENT INCOME PER SHARE— DILUTED (in dollars per share) 1.06 0.75 2.08 1.47
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE—BASIC (in dollars per share) 1.32 0.20 2.32 1.10
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE—DILUTED (in dollars per share) $ 1.32 $ 0.20 $ 2.32 $ 1.10
WEIGHTED AVERAGE SHARES OUTSTANDING—BASIC (in shares) 80,807,861 73,304,619 80,190,630 72,512,793
WEIGHTED AVERAGE SHARES OUTSTANDING—DIILUTED (in shares) 80,807,861 73,304,619 80,190,630 72,512,793
Control investments        
INVESTMENT INCOME:        
Interest, fee and dividend income $ 47,979 $ 36,808 $ 96,841 $ 69,385
NET REALIZED GAIN (LOSS):        
Total net realized loss (48,111) 0 (51,077) 0
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation (depreciation) 75,779 4,822 92,940 13,101
Affiliate investments        
INVESTMENT INCOME:        
Interest, fee and dividend income 20,999 11,893 38,455 25,810
NET REALIZED GAIN (LOSS):        
Total net realized loss 9,997 47 (16,267) 739
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation (depreciation) (11,469) 1,731 21,672 4,772
Non‑Control/Non‑Affiliate investments        
INVESTMENT INCOME:        
Interest, fee and dividend income 58,605 36,499 112,542 69,401
NET REALIZED GAIN (LOSS):        
Total net realized loss (37,392) (5,111) (36,542) (2,467)
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation (depreciation) $ 40,631 $ (31,146) $ 25,447 $ (27,714)