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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
INVESTMENT INCOME:      
PIK interest income $ 138.0 $ 164.0 $ 150.0
Total investment income 2,096.0 1,820.0 1,511.0
EXPENSES:      
Interest and credit facility fees 455.0 372.0 317.0
Base management fees 305.0 253.0 217.0
Income based fees 252.0 225.0 184.0
Capital gains incentive fees (101.0) 161.0 (58.0)
Administrative fees 11.0 15.0 13.0
Other general and administrative 27.0 24.0 25.0
Total expenses 949.0 1,050.0 698.0
NET INVESTMENT INCOME BEFORE INCOME TAXES 1,147.0 770.0 813.0
Income tax expense, including excise tax 55.0 29.0 19.0
NET INVESTMENT INCOME 1,092.0 741.0 794.0
REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS, FOREIGN CURRENCY AND OTHER TRANSACTIONS:      
Foreign currency and other transactions 57.0 25.0 (18.0)
Net realized gains (losses) 81.0 283.0 (166.0)
Net unrealized losses (gains) on investments, foreign currency and other transactions (12.0) (16.0) 0.0
Net unrealized gains (losses) (525.0) 586.0 (144.0)
Net realized and unrealized gains (losses) on investments, foreign currency and other transactions (444.0) 869.0 (310.0)
Realized loss on extinguishment of debt (48.0) (43.0) 0.0
NET INCREASE IN STOCKHOLDERS’ EQUITY RESULTING FROM OPERATIONS $ 600.0 $ 1,567.0 $ 484.0
NET INCOME PER COMMON SHARE (see Note 10)      
Basic (in usd per share) $ 1.21 $ 3.51 $ 1.14
Diluted (in usd per share) $ 1.19 $ 3.51 $ 1.14
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING (see Note 10)      
Basic (in shares) 498 446 424
Diluted (in shares) 518 446 424
Non-controlled/non-affiliate      
INVESTMENT INCOME:      
Interest income (excluding payment-in-kind (“PIK”) interest income) $ 1,141.0 $ 911.0 $ 844.0
PIK interest income 121.0 133.0 116.0
Capital structuring service fees 133.0 285.0 128.0
Dividend income 194.0 122.0 74.0
Other income 43.0 40.0 50.0
Total investment income 1,632.0 1,491.0 1,212.0
REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS, FOREIGN CURRENCY AND OTHER TRANSACTIONS:      
Net realized gains (losses): 56.0 129.0 (159.0)
Net unrealized gains (losses): (585.0) 556.0 (284.0)
Non-controlled affiliate      
INVESTMENT INCOME:      
Interest income (excluding payment-in-kind (“PIK”) interest income) 8.0 7.0 9.0
PIK interest income 5.0 4.0 3.0
Capital structuring service fees 0.1 0.3 1.0
Dividend income 2.0 0.0 0.0
Other income 0.3 1.0 0.0
Total investment income 15.0 12.0 13.0
REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS, FOREIGN CURRENCY AND OTHER TRANSACTIONS:      
Net realized gains (losses): 6.1 67.5 16.0
Net unrealized gains (losses): 71.0 (16.0) (2.0)
Controlled affiliate      
INVESTMENT INCOME:      
Interest income (excluding payment-in-kind (“PIK”) interest income) 183.0 164.0 156.0
PIK interest income 12.0 28.0 31.0
Capital structuring service fees 20.0 21.0 20.0
Dividend income 228.2 100.5 75.0
Other income 6.0 4.0 4.0
Total investment income 449.0 317.0 286.0
REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS, FOREIGN CURRENCY AND OTHER TRANSACTIONS:      
Net realized gains (losses): (37.5) 61.3 (5.0)
Net unrealized gains (losses): $ 1.0 $ 62.0 $ 142.0