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 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
INVESTMENT INCOME:        
Interest, fee and dividend income $ 136,824 $ 123,237 $ 400,586 $ 371,074
EXPENSES:        
Interest (33,474) (26,414) (89,411) (78,165)
Compensation (11,644) (11,560) (35,225) (34,860)
General and administrative (4,564) (4,324) (14,159) (12,915)
Share‑based compensation (4,868) (4,164) (13,853) (12,351)
Expenses allocated to the External Investment Manager 5,322 5,404 16,768 16,089
Total expenses (49,228) (41,058) (135,880) (122,202)
NET INVESTMENT INCOME 87,596 82,179 264,706 248,872
NET REALIZED GAIN (LOSS):        
Total net realized gain (loss) 26,382 664 17,429 (103,223)
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation 21,738 27,011 85,431 167,070
INCOME TAXES:        
Federal and state income, excise and other taxes (2,457) (1,256) (6,185) (4,663)
Deferred taxes (9,252) (5,337) (27,534) (18,690)
Income tax provision (11,709) (6,593) (33,719) (23,353)
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS $ 124,007 $ 103,261 $ 333,847 $ 289,366
NET INVESTMENT INCOME PER SHARE— BASIC (in dollars per share) $ 1.00 $ 0.99 $ 3.07 $ 3.07
NET INVESTMENT INCOME PER SHARE— DILUTED (in dollars per share) 1.00 0.99 3.07 3.07
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE—BASIC (in dollars per share) 1.42 1.25 3.87 3.57
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE—DILUTED (in dollars per share) $ 1.42 $ 1.25 $ 3.87 $ 3.57
WEIGHTED-AVERAGE SHARES OUTSTANDING—BASIC (in shares) 87,459,533 82,921,764 86,268,415 81,065,195
WEIGHTED-AVERAGE SHARES OUTSTANDING—DILUTED (in shares) 87,459,533 82,921,764 86,268,415 81,065,195
Control investments        
INVESTMENT INCOME:        
Interest, fee and dividend income $ 50,134 $ 48,645 $ 152,572 $ 145,485
NET REALIZED GAIN (LOSS):        
Total net realized gain (loss) 0 546 (352) (50,532)
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation 50,348 29,838 88,007 122,779
Affiliate investments        
INVESTMENT INCOME:        
Interest, fee and dividend income 20,884 15,267 61,813 53,722
NET REALIZED GAIN (LOSS):        
Total net realized gain (loss) 32 (228) 786 (16,495)
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation 7,181 5,188 22,609 26,859
Non‑Control/Non‑Affiliate investments        
INVESTMENT INCOME:        
Interest, fee and dividend income 65,806 59,325 186,201 171,867
NET REALIZED GAIN (LOSS):        
Total net realized gain (loss) 26,350 346 16,995 (36,196)
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation $ (35,791) $ (8,015) $ (25,185) $ 17,432