Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v3.22.2.2
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
INVESTMENT INCOME:        
Interest, fee and dividend income $ 98,387 $ 76,779 $ 262,981 $ 206,881
EXPENSES:        
Interest (21,234) (14,711) (55,216) (42,914)
Compensation (10,404) (9,576) (26,480) (22,790)
General and administrative (4,018) (3,047) (11,483) (9,439)
Share‑based compensation (3,617) (2,869) (10,031) (7,961)
Expenses allocated to the External Investment Manager 3,334 2,728 9,613 7,680
Total allocated expenses (35,939) (27,475) (93,597) (75,424)
NET INVESTMENT INCOME 62,448 49,304 169,384 131,457
NET REALIZED GAIN (LOSS):        
Net realized gain 5,031 8,305 3,302 10,575
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Net unrealized (appreciation) depreciation (10,081) 38,631 (19,922) 117,072
INCOME TAXES:        
Federal and state income, excise and other taxes (1,540) (953) (3,658) (2,242)
Deferred taxes (520) (11,331) (13,819) (20,449)
Total income tax provision (2,060) (12,284) (17,477) (22,691)
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS $ 55,338 $ 83,956 $ 135,287 $ 236,413
NET INVESTMENT INCOME PER SHARE— BASIC (in dollars per share) $ 0.83 $ 0.71 $ 2.31 $ 1.92
NET INVESTMENT INCOME PER SHARE— DILUTED (in dollars per share) 0.83 0.71 2.31 1.92
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE—BASIC (in dollars per share) 0.74 1.22 1.84 3.45
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE—DILUTED (in dollars per share) $ 0.74 $ 1.22 $ 1.84 $ 3.45
WEIGHTED AVERAGE SHARES OUTSTANDING-BASIC (in shares) 75,036,522 69,021,826 73,363,281 68,557,362
WEIGHTED AVERAGE SHARES OUTSTANDING-DIILUTED (in shares) 75,036,522 69,021,826 73,363,281 68,557,362
Control investments        
INVESTMENT INCOME:        
Interest, fee and dividend income $ 41,367 $ 34,852 $ 110,751 $ 85,904
NET REALIZED GAIN (LOSS):        
Net realized gain (5,822) 8,786 (5,822) (4,459)
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Net unrealized (appreciation) depreciation 7,517 20,671 20,618 65,756
Affiliate investments        
INVESTMENT INCOME:        
Interest, fee and dividend income 12,490 12,274 38,300 34,785
NET REALIZED GAIN (LOSS):        
Net realized gain 601 (5,147) 1,340 3,962
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Net unrealized (appreciation) depreciation (1,069) 14,285 3,703 30,518
Non‑Control/Non‑Affiliate investments        
INVESTMENT INCOME:        
Interest, fee and dividend income 44,530 29,653 113,930 86,192
NET REALIZED GAIN (LOSS):        
Net realized gain 10,252 4,666 7,784 11,072
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Net unrealized (appreciation) depreciation $ (16,529) $ 3,675 $ (44,243) $ 20,798