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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
INVESTMENT INCOME:      
PIK interest income $ 166.0 $ 138.0 $ 164.0
Total investment income 2,614.0 2,096.0 1,820.0
EXPENSES:      
Interest and credit facility fees 582.0 455.0 372.0
Base management fees 323.0 305.0 253.0
Income based fees 328.0 252.0 225.0
Capital gains incentive fees 53.0 (101.0) 161.0
Administrative and other fees 13.0 11.0 15.0
Other general and administrative 29.0 27.0 24.0
Total expenses 1,328.0 949.0 1,050.0
NET INVESTMENT INCOME BEFORE INCOME TAXES 1,286.0 1,147.0 770.0
Income tax expense, including excise tax 20.0 55.0 29.0
NET INVESTMENT INCOME 1,266.0 1,092.0 741.0
REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS, FOREIGN CURRENCY AND OTHER TRANSACTIONS:      
Foreign currency and other transactions (24.0) 57.0 25.0
Net realized (losses) gains (179.0) 81.0 283.0
Foreign currency and other transactions 6.0 (12.0) (16.0)
Net unrealized gains (losses) 435.0 (525.0) 586.0
Net realized and unrealized gains (losses) on investments, foreign currency and other transactions 256.0 (444.0) 869.0
REALIZED LOSS ON EXTINGUISHMENT OF DEBT 0.0 (48.0) (43.0)
NET INCREASE IN STOCKHOLDERS’ EQUITY RESULTING FROM OPERATIONS $ 1,522.0 $ 600.0 $ 1,567.0
NET INCOME PER COMMON SHARE (see Note 10)      
Basic (in usd per share) $ 2.75 $ 1.21 $ 3.51
Diluted (in usd per share) $ 2.68 $ 1.19 $ 3.51
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING (see Note 10)      
Basic (in shares) 554 498 446
Diluted (in shares) 575 518 446
Non-controlled/non-affiliate company investments      
INVESTMENT INCOME:      
Interest income (excluding payment-in-kind (“PIK”) interest income) $ 1,564.0 $ 1,141.0 $ 911.0
PIK interest income 143.0 121.0 133.0
Capital structuring service fees 83.0 133.0 285.0
Dividend income 242.0 194.0 122.0
Other income 53.0 43.0 40.0
Total investment income 2,085.0 1,632.0 1,491.0
REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS, FOREIGN CURRENCY AND OTHER TRANSACTIONS:      
Net realized gains (losses): (146.0) 56.0 129.0
Net unrealized gains (losses): 379.0 (585.0) 556.0
Non-controlled affiliate company investments      
INVESTMENT INCOME:      
Interest income (excluding payment-in-kind (“PIK”) interest income) 12.0 8.0 7.0
PIK interest income 5.0 5.0 4.0
Capital structuring service fees 0.0    
Dividend income 7.4 2.0 0.0
Other income 0.1 0.0 1.0
Total investment income 24.0 15.0 12.0
REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS, FOREIGN CURRENCY AND OTHER TRANSACTIONS:      
Net realized gains (losses): (10.2) 6.0 68.0
Net unrealized gains (losses): 34.3 71.0 (16.0)
Controlled affiliate company investments      
INVESTMENT INCOME:      
Interest income (excluding payment-in-kind (“PIK”) interest income) 220.0 183.0 164.0
PIK interest income 18.0 12.0 28.0
Capital structuring service fees 8.8 20.0 21.0
Dividend income 252.2 228.2 100.0
Other income 5.7 6.0 4.0
Total investment income 505.0 449.0 317.0
REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS, FOREIGN CURRENCY AND OTHER TRANSACTIONS:      
Net realized gains (losses): 0.6 (37.5) 61.0
Net unrealized gains (losses): $ 15.6 $ 1.0 $ 62.0