Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.22.2.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended 23 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Sep. 30, 2022
Cash Flows from Operating Activities            
Net Decrease in Net Assets Resulting from Shareholders' Distributions $ 265,427 $ 142,851 $ 274,465 $ 450,876    
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash used in operating activities:            
Purchases of investments, net     (1,894,552) (5,320,714)    
Proceeds from investments and investment repayments, net     1,749,362 4,246,855    
Net amortization/accretion of premium/discount on investments     (33,594) (55,623)    
Payment-in-kind interest and dividends     (101,236) (41,341)    
Net change in unrealized (gain) loss on investments     115,913 (134,328)    
Net change in unrealized gain (loss) on interest rate swap attributed to unsecured notes     (88,985) (9,425)    
Net change in unrealized (gains) losses on translation of assets and liabilities in foreign currencies     7,735 3,188    
Net realized (gain) loss on investments (201) (2,018) (4,853) 24,656    
Net realized (gain) loss on foreign currency transactions relating to investments     1,567 (16)    
Amortization of debt issuance costs 6,311 6,731 21,133 18,882    
Amortization of offering costs     0 23    
Changes in operating assets and liabilities:            
(Increase) decrease in receivable for investments sold     0 (71,110)    
(Increase) decrease in interest receivable     (13,432) (5,269)    
(Increase) decrease in receivable from a controlled affiliate     (16,350) (1,780)    
(Increase) decrease in prepaid expenses and other assets     17,084 11,460    
Increase (decrease) in management fee payable     116 9,647    
Increase (decrease) in incentive fee payable     1,892 8,612    
Increase (decrease) in payables to affiliate     (802) (1,128)    
Increase (decrease) in accrued expenses and other liabilities     87,059 11,822    
Net cash provided by (used in) operating activities     122,522 (854,713)    
Cash Flows from Financing Activities            
Borrowings on debt     2,208,630 4,311,730    
Payments on debt     (1,944,391) (2,627,000)    
Debt issuance costs     (14,179) (42,671)    
Repurchases of common stock     (10,015) 0   $ (12,600)
Cash distributions paid to shareholders     (354,522) (350,528)    
Net cash provided by (used in) financing activities     (114,477) 1,291,531    
Net increase (decrease) in cash and restricted cash, including foreign cash (restricted cash of $72,670 and $5,376, respectively)     8,045 436,818    
Cash and restricted cash, including foreign cash, beginning of period (restricted cash of $21,481 and $8,841, respectively)     447,145 357,911 $ 357,911  
Cash and restricted cash, including foreign cash, end of period (restricted cash of $94,151 and $14,217, respectively) 455,190 794,729 455,190 794,729 $ 447,145 455,190
Supplemental and Non-Cash Information            
Interest paid during the period     177,362 130,762    
Distributions declared during the period     366,490 364,799    
Reinvestment of distributions during the period     11,951 44,481    
Distributions Payable $ 122,085 $ 121,877 122,085 121,877   $ 122,085
Taxes, including excise tax, paid during the period     $ 1,668 $ 3,985