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 $ 33,228 $ 24,339 $ 64,274 $ 47,740
EXPENSES:        
Interest (8,862) (5,299) (17,196) (9,827)
Base management fees (4,912) (4,955) (9,767) (9,945)
Incentive fees (3,599) 0 (6,319) 0
Internal administrative services expenses (2,545) (1,302) (4,584) (2,483)
General and administrative (1,306) (1,037) (2,185) (2,075)
Total expenses before expense waivers (21,224) (12,593) (40,051) (24,330)
Waiver of internal administrative services expenses 2,394 1,149 4,283 2,179
Total expenses, net of expense waivers (18,830) (11,444) (35,768) (22,151)
NET INVESTMENT INCOME 14,398 12,895 28,506 25,589
NET REALIZED GAIN (LOSS):        
Total net realized gain (loss) (28,852) 372 (25,421) 625
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation (depreciation) 35,757 (10,749) 31,618 (7,017)
INCOME TAXES:        
Federal and state income, excise and other taxes (214) (638) (524) (981)
Deferred tax provision (1,833) (57) (2,693) (178)
Income tax provision (2,047) (695) (3,217) (1,159)
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS $ 19,256 $ 1,823 $ 31,486 $ 18,038
NET INVESTMENT INCOME PER SHARE— BASIC (in dollars per share) $ 0.18 $ 0.16 $ 0.36 $ 0.32
NET INVESTMENT INCOME PER SHARE— DILUTED (in dollars per share) 0.18 0.16 0.36 0.32
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE—BASIC (in dollars per share) 0.24 0.02 0.39 0.23
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARED—DILUTED (in dollars per share) $ 0.24 $ 0.02 $ 0.39 $ 0.23
WEIGHTED AVERAGE SHARES OUTSTANDING-BASIC (in shares) 80,299,938 79,968,597 80,218,416 79,915,291
WEIGHTED AVERAGE SHARES OUTSTANDING-DITUTED (in shares) 80,299,938 79,968,597 80,218,416 79,915,291
Control investments        
INVESTMENT INCOME:        
Interest, fee and dividend income $ 708 $ 1,039 $ 1,517 $ 2,040
NET REALIZED GAIN (LOSS):        
Total net realized gain (loss) 1,046 0 1,677 0
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation (depreciation) (12) 1,207 (698) 1,385
Affiliate investments        
INVESTMENT INCOME:        
Interest, fee and dividend income 7,405 5,852 15,299 11,058
NET REALIZED GAIN (LOSS):        
Total net realized gain (loss) (8,823) 333 (7,186) 779
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation (depreciation) 16,367 415 17,688 492
Non‑Control/Non‑Affiliate investments        
INVESTMENT INCOME:        
Interest, fee and dividend income 25,115 17,448 47,458 34,642
NET REALIZED GAIN (LOSS):        
Total net realized gain (loss) (21,075) 39 (19,912) (154)
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation (depreciation) $ 19,402 $ (12,371) $ 14,628 $ (8,894)