Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.22.2.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
Mar. 31, 2022
Sep. 30, 2021
Mar. 31, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES              
Net increase in net assets resulting from operations $ 55,338 $ 65,203 $ 83,956 $ 57,346 $ 135,287 $ 236,413  
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:              
Investments in portfolio companies         (911,273) (911,095)  
Proceeds from sales and repayments of debt investments in portfolio companies         441,860 530,964  
Proceeds from sales and return of capital of equity investments in portfolio companies         64,161 83,376  
Net unrealized (appreciation) depreciation 10,081   (38,631)   19,922 (117,072)  
Net realized gain (5,031)   (8,305)   (3,302) (10,575)  
Accretion of unearned income         (9,908) (10,972)  
Payment-in-kind interest         (3,511) (6,280)  
Cumulative dividends         (1,390) (1,296)  
Share-based compensation expense         10,031 7,961  
Amortization of deferred financing costs         2,068 2,277  
Deferred tax provision 520   11,331   13,819 20,449  
Changes in other assets and liabilities:              
Interest and dividend receivable and other assets         (18,984) (669)  
Interest payable         1,747 6,645  
Accounts payable and other liabilities         199 7,576  
Deferred fees and other         1,946 3,586  
Net cash used in operating activities         (257,328) (158,712)  
CASH FLOWS FROM FINANCING ACTIVITIES              
Proceeds from public offering of common stock, net of offering costs         194,504 44,846  
Dividends paid         (143,075) (114,471)  
Proceeds from credit facility         730,000 645,000  
Repayments on credit facility         (489,000) (714,000)  
Debt issuance costs, net         (1,629) (10,166)  
Purchases of vested stock for employee payroll tax withholding         (4,943) (5,047)  
Net cash provided by financing activities         285,857 186,362  
Net increase in cash and cash equivalents         28,529 27,650  
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD   $ 32,629   $ 31,919 32,629 31,919 $ 31,919
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 61,158   $ 59,569   61,158 59,569 $ 32,629
Supplemental cash flow disclosures:              
Interest paid         51,306 33,898  
Taxes paid         4,896 2,046  
Non-cash financing activities:              
Value of shares issued pursuant to the DRIP         16,370 11,440  
3.00% Notes due 2026              
CASH FLOWS FROM FINANCING ACTIVITIES              
Proceeds from debt         0 300,000  
SBIC Debentures              
CASH FLOWS FROM FINANCING ACTIVITIES              
Proceeds from debt         0 80,200  
Repayments of SBIC debentures         $ 0 $ (40,000)