Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v3.23.3
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
INVESTMENT INCOME:        
Interest, fee and dividend income $ 123,237 $ 98,387 $ 371,074 $ 262,981
EXPENSES:        
Interest (26,414) (21,234) (78,165) (55,216)
Compensation (11,560) (10,404) (34,860) (26,480)
General and administrative (4,324) (4,018) (12,915) (11,483)
Share‑based compensation (4,164) (3,617) (12,351) (10,031)
Expenses allocated to the External Investment Manager 5,404 3,334 16,089 9,613
Total expenses (41,058) (35,939) (122,202) (93,597)
NET INVESTMENT INCOME 82,179 62,448 248,872 169,384
NET REALIZED GAIN (LOSS):        
Total net realized gain (loss) 664 5,031 (103,223) 3,302
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation (depreciation) 27,011 (10,081) 167,070 (19,922)
INCOME TAXES:        
Federal and state income, excise and other taxes (1,256) (1,540) (4,663) (3,658)
Deferred taxes (5,337) (520) (18,690) (13,819)
Income tax provision (6,593) (2,060) (23,353) (17,477)
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS $ 103,261 $ 55,338 $ 289,366 $ 135,287
NET INVESTMENT INCOME PER SHARE— BASIC (in dollars per share) $ 0.99 $ 0.83 $ 3.07 $ 2.31
NET INVESTMENT INCOME PER SHARE— DILUTED (in dollars per share) 0.99 0.83 3.07 2.31
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE—BASIC (in dollars per share) 1.25 0.74 3.57 1.84
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE—DILUTED (in dollars per share) $ 1.25 $ 0.74 $ 3.57 $ 1.84
WEIGHTED AVERAGE SHARES OUTSTANDING—BASIC (in shares) 82,921,764 75,036,522 81,065,195 73,363,281
WEIGHTED AVERAGE SHARES OUTSTANDING—DIILUTED (in shares) 82,921,764 75,036,522 81,065,195 73,363,281
Control investments        
INVESTMENT INCOME:        
Interest, fee and dividend income $ 48,645 $ 41,367 $ 145,485 $ 110,751
NET REALIZED GAIN (LOSS):        
Total net realized gain (loss) 546 (5,822) (50,532) (5,822)
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation (depreciation) 29,838 7,517 122,779 20,618
Affiliate investments        
INVESTMENT INCOME:        
Interest, fee and dividend income 15,267 12,490 53,722 38,300
NET REALIZED GAIN (LOSS):        
Total net realized gain (loss) (228) 601 (16,495) 1,340
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation (depreciation) 5,188 (1,069) 26,859 3,703
Non‑Control/Non‑Affiliate investments        
INVESTMENT INCOME:        
Interest, fee and dividend income 59,325 44,530 171,867 113,930
NET REALIZED GAIN (LOSS):        
Total net realized gain (loss) 346 10,252 (36,196) 7,784
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation (depreciation) $ (8,015) $ (16,529) $ 17,432 $ (44,243)