Quarterly report pursuant to Section 13 or 15(d)

Investments - Financial Information for ORCC SLF (Details)

v3.22.2.2
Investments - Financial Information for ORCC SLF (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Jun. 30, 2022
Dec. 31, 2021
Jun. 30, 2021
Dec. 31, 2020
Assets [Abstract]                
Investments at fair value $ 12,835,918,000 [1],[2],[3]   $ 12,835,918,000 [1],[2],[3]     $ 12,741,640,000 [4],[5],[6]    
Amortized Cost 12,931,859,000 [1],[2],[3],[7],[8]   12,931,859,000 [1],[2],[3],[7],[8]     12,648,553,000 [4],[5],[6],[9],[10]    
Interest receivable 95,148,000   95,148,000     81,716,000    
Prepaid expenses and other assets 6,632,000   6,632,000     23,716,000    
Total Assets 13,413,191,000   13,413,191,000     13,298,170,000    
Liabilities [Abstract]                
Debt (net of unamortized debt issuance costs of $103,285 and $110,239, respectively) 7,196,154,000   7,196,154,000     7,079,326,000    
Unamortized debt issuance costs 103,285,000   103,285,000     110,239,000    
Distributions payable 122,085,000   122,085,000     122,068,000    
Accrued expenses and other liabilities 164,144,000   164,144,000     77,085,000    
Total Liabilities 7,565,403,000   7,565,403,000     7,360,293,000    
Members' Equity                
Members' Equity 5,847,788,000 $ 5,876,992,000 5,847,788,000 $ 5,876,992,000 $ 5,704,446,000 5,937,877,000 $ 5,842,264,000 $ 5,746,434,000
Total Liabilities and Net Assets 13,413,191,000   13,413,191,000     13,298,170,000    
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        
Professional fees 3,788,000 3,849,000 11,022,000 10,966,000        
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        
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 Realized and Change in Unrealized Gain (Loss) on Investments                
Net change in unrealized gain (loss) on investments 118,587,000 10,281,000 (123,423,000) 122,007,000        
Net realized gain on investments 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        
ORCC Senior Loan Fund                
Assets [Abstract]                
Investments at fair value 981,849,000   981,849,000     790,277,000    
Amortized Cost 1,019,384,000   1,019,384,000     794,202,000    
Cash 95,706,000   95,706,000     60,723,000    
Interest receivable 2,517,000   2,517,000     1,319,000    
Prepaid expenses and other assets 1,290,000   1,290,000     111,000    
Total Assets 1,081,362,000   1,081,362,000     852,430,000    
Liabilities [Abstract]                
Debt (net of unamortized debt issuance costs of $103,285 and $110,239, respectively) 684,272,000   684,272,000     469,514,000    
Unamortized debt issuance costs 6,111,000   6,111,000     5,368,000    
Distributions payable 11,775,000   11,775,000     4,518,000    
Payable for investments purchased 18,700,000   18,700,000     91,986,000    
Accrued expenses and other liabilities 7,861,000   7,861,000     4,056,000    
Total Liabilities 722,608,000   722,608,000     570,074,000    
Members' Equity                
Members' Equity 358,754,000   358,754,000     282,356,000    
Total Liabilities and Net Assets 1,081,362,000   1,081,362,000     $ 852,430,000    
Investment Income                
Interest income 19,140,000 7,542,000 41,884,000 22,382,000        
Other income 772,000 14,000 1,993,000 209,000        
Total investment income from non-controlled, non-affiliated investments 19,912,000 7,556,000 43,877,000 22,591,000        
Expenses                
Interest expense 7,419,000 2,331,000 14,965,000 7,195,000        
Professional fees 243,000 181,000 719,000 570,000        
Total Operating Expenses 7,662,000 2,512,000 15,684,000 7,765,000        
Net Investment Income (Loss) Before Taxes 12,250,000 5,044,000 28,193,000 14,826,000        
Tax expense (benefit) 436,000 201,000 (184,000) 588,000        
Net Investment Income (Loss) After Taxes 11,814,000 4,843,000 28,377,000 14,238,000        
Net Realized and Change in Unrealized Gain (Loss) on Investments                
Net change in unrealized gain (loss) on investments 599,000 869,000 (33,610,000) 2,317,000        
Net realized gain on investments 0 18,000 20,000 155,000        
Total Net Realized and Change in Unrealized Gain (Loss) 599,000 887,000 (33,590,000) 2,472,000        
Net Increase (Decrease) in Net Assets Resulting from Operations $ 12,413,000 $ 5,730,000 $ (5,213,000) $ 16,710,000        
[1] Certain portfolio company investments are subject to contractual restrictions on sales. Refer to footnote 30 for additional information on our restricted securities.
[2] Unless otherwise indicated, all investments are considered Level 3 investments.
[3] Unless otherwise indicated, the Company’s portfolio companies are pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facilities and CLOs. See Note 6 “Debt”.
[4] Certain portfolio company investments are subject to contractual restrictions on sales.
[5] Unless otherwise indicated, all investments are considered Level 3 investments.
[6] Unless otherwise indicated, the Company’s portfolio companies are pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facilities and CLOs. See Note 6 “Debt”.
[7] As of September 30, 2022, the net estimated unrealized loss for U.S. federal income tax purposes was $189.9 million based on a tax cost basis $13.0 billion. As of September 30, 2022, the estimated aggregate gross unrealized loss for U.S. federal income tax purposes was $413.0 million and the estimated aggregate gross unrealized gain for U.S. federal income tax purposes was $223.1 million.
[8] The amortized cost represents the original cost adjusted for the amortization or accretion of premium or discount , as applicable, on debt investments using the effective interest method.
[9] As of December 31, 2021, the net estimated unrealized loss for U.S. federal income tax purposes was $36.8 million based on a tax cost basis of $12.8 billion. As of December 31, 2021, the estimated aggregate gross unrealized loss for U.S. federal income tax purposes was $217.6 million and the estimated aggregate gross unrealized gain for U.S. federal income tax purposes was $180.8 million.
[10] The amortized cost represents the original cost adjusted for the amortization of discounts and premiums, as applicable, on debt investments using the effective interest method.