Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v3.22.2.2
Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Investment Income        
Total investment income from non-controlled, non-affiliated investments $ 314,053,000 $ 269,191,000 $ 851,498,000 $ 739,779,000
Expenses        
Interest expense 81,210,000 56,516,000 209,935,000 159,037,000
Management fees 46,886,000 45,586,000 141,172,000 131,703,000
Performance based incentive fees 31,134,000 27,682,000 83,630,000 74,727,000
Professional fees 3,788,000 3,849,000 11,022,000 10,966,000
Directors’ fees 276,000 239,000 832,000 757,000
Other general and administrative 2,381,000 3,140,000 6,656,000 7,302,000
Total Operating Expenses 165,675,000 137,012,000 453,247,000 384,492,000
Net Investment Income (Loss) Before Taxes 148,378,000 132,179,000 398,251,000 355,287,000
U.S. federal income tax expense (benefit) 1,604,000 1,680,000 3,998,000 3,004,000
Net Investment Income (Loss) After Taxes 146,774,000 130,499,000 394,253,000 352,283,000
Net change in unrealized gain (loss):        
Net change in unrealized gain (loss)     (115,913,000) 134,328,000
Translation of assets and liabilities in foreign currencies (3,807,000) (796,000) (7,510,000) (3,716,000)
Income tax (provision) benefit 0 (4,383,000) 0 (8,605,000)
Total Net Change in Unrealized Gain (Loss) 118,587,000 10,281,000 (123,423,000) 122,007,000
Net realized gain (loss):        
Non-controlled, non-affiliated investments 201,000 2,018,000 4,853,000 (24,656,000)
Foreign currency transactions (135,000) 53,000 (1,218,000) 1,242,000
Total Net Realized Gain (Loss) 66,000 2,071,000 3,635,000 (23,414,000)
Total Net Realized and Change in Unrealized Gain (Loss) 118,653,000 12,352,000 (119,788,000) 98,593,000
Net Increase (Decrease) in Net Assets Resulting from Operations $ 265,427,000 $ 142,851,000 $ 274,465,000 $ 450,876,000
Earnings per share, basic (in usd per share) $ 0.67 $ 0.36 $ 0.70 $ 1.15
Earnings per share, diluted (in usd per share) $ 0.67 $ 0.36 $ 0.70 $ 1.15
Weighted-average shares outstanding, diluted (in shares) 393,823,013 392,715,513 394,103,935 391,893,306
Weighted-average shares outstanding, basic (in shares) 393,823,013 392,715,513 394,103,935 391,893,306
Non-controlled, non-affiliated        
Investment Income        
Interest income $ 240,601,000 $ 229,605,000 $ 655,303,000 $ 655,152,000
Payment-in-kind interest income [1] 30,539,000 12,361,000 79,698,000 31,162,000
Dividend income 14,867,000 10,600,000 36,280,000 19,924,000
Other income 5,408,000 7,942,000 14,794,000 15,559,000
Total investment income from non-controlled, non-affiliated investments 291,415,000 260,508,000 786,075,000 721,797,000
Net change in unrealized gain (loss):        
Net change in unrealized gain (loss) 75,368,000 14,475,000 (147,545,000) 133,961,000
Investment income from controlled, affiliated investments:        
Investment Income        
Interest income 2,140,000 1,392,000 5,767,000 4,033,000
Dividend income 20,303,000 7,128,000 59,136,000 13,469,000
Other income 195,000 163,000 520,000 480,000
Total investment income from non-controlled, non-affiliated investments 22,638,000 8,683,000 65,423,000 17,982,000
Net change in unrealized gain (loss):        
Net change in unrealized gain (loss) 47,026,000 985,000 31,632,000 367,000
Non-controlled, affiliated investments        
Investment Income        
Dividend income     0  
Other income     0  
Net change in unrealized gain (loss):        
Net change in unrealized gain (loss) $ 0 $ 0 $ 0 $ 0
[1] For the three and nine months ended September 30, 2021, interest income and payment-in-kind interest income were reported in aggregate as interest income.