Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
INVESTMENT INCOME:        
Interest, fee and dividend income $ 132,154 $ 127,583 $ 263,759 $ 247,838
EXPENSES:        
Interest (29,161) (26,754) (55,937) (51,752)
Compensation (11,322) (12,188) (23,581) (23,300)
General and administrative (5,375) (4,514) (9,595) (8,591)
Share‑based compensation (4,883) (4,087) (8,986) (8,187)
Expenses allocated to the External Investment Manager 5,887 5,688 11,446 10,686
Total expenses (44,854) (41,855) (86,653) (81,144)
NET INVESTMENT INCOME 87,300 85,728 177,106 166,694
NET REALIZED GAIN (LOSS):        
Total net realized gain (loss) 3,414 (75,506) (8,954) (103,886)
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation 23,044 104,941 63,693 140,059
INCOME TAXES:        
Federal and state income, excise and other taxes (1,597) (1,671) (3,728) (3,407)
Deferred taxes (9,473) (6,976) (18,282) (13,353)
Income tax provision (11,070) (8,647) (22,010) (16,760)
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS $ 102,688 $ 106,516 $ 209,835 $ 186,107
NET INVESTMENT INCOME PER SHARE— BASIC (in dollars per share) $ 1.01 $ 1.06 $ 2.07 $ 2.08
NET INVESTMENT INCOME PER SHARE— DILUTED (in dollars per share) 1.01 1.06 2.07 2.08
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE—BASIC (in dollars per share) 1.19 1.32 2.45 2.32
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE—DILUTED (in dollars per share) $ 1.19 $ 1.32 $ 2.45 $ 2.32
WEIGHTED-AVERAGE SHARES OUTSTANDING—BASIC (in shares) 86,194,092 80,807,861 85,666,311 80,190,630
WEIGHTED-AVERAGE SHARES OUTSTANDING—DILUTED (in shares) 86,194,092 80,807,861 85,666,311 80,190,630
Control investments        
INVESTMENT INCOME:        
Interest, fee and dividend income $ 51,318 $ 47,979 $ 102,437 $ 96,841
NET REALIZED GAIN (LOSS):        
Total net realized gain (loss) (361) (48,111) (352) (51,077)
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation 5,589 75,779 37,659 92,940
Affiliate investments        
INVESTMENT INCOME:        
Interest, fee and dividend income 23,201 20,999 40,928 38,455
NET REALIZED GAIN (LOSS):        
Total net realized gain (loss) 7,863 9,997 753 (16,267)
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation 9,502 (11,469) 15,428 21,672
Non‑Control/Non‑Affiliate investments        
INVESTMENT INCOME:        
Interest, fee and dividend income 57,635 58,605 120,394 112,542
NET REALIZED GAIN (LOSS):        
Total net realized gain (loss) (4,088) (37,392) (9,355) (36,542)
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation $ 7,953 $ 40,631 $ 10,606 $ 25,447