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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income        
Total Investment Income $ 114,435 $ 77,839 $ 318,546 $ 209,155
Expenses        
Interest 35,042 18,851 95,971 40,416
Management fees 11,928 10,330 34,071 29,148
Incentive fees on net investment income 11,151 7,882 31,139 22,483
Incentive fees on net capital gains 2,577 (22) 5,083 (7,720)
Professional fees 1,921 2,002 5,427 5,300
Directors’ fees 215 181 571 546
Other general and administrative 1,413 1,268 3,615 4,013
Total expenses 64,247 40,492 175,877 94,186
Management fees waived (Note 3) (267) (189) (822) (201)
Net Expenses 63,980 40,303 175,055 93,985
Net Investment Income Before Income Taxes 50,455 37,536 143,491 115,170
Income taxes, including excise taxes 461 356 1,777 1,456
Net Investment Income 49,994 37,180 141,714 113,714
Net change in unrealized gains (losses):        
Unrealized gains (losses) on investments     14,700 (76,290)
Translation of other assets and liabilities in foreign currencies 5,470 9,223 2,466 15,095
Interest rate swaps   (2,591) 174 (7,184)
Total net change in unrealized gains (losses) 9,740 (5,134) 17,340 (68,379)
Realized gains (losses):        
Realized gains (losses) on investments     11,768 14,436
Interest rate swaps   2,251   2,251
Foreign currency transactions (246) (199) 40 (231)
Total net realized gains (losses) 5,086 2,385 11,808 16,456
Total Net Unrealized and Realized Gains (Losses) 14,826 (2,749) 29,148 (51,923)
Increase (Decrease) in Net Assets Resulting from Operations $ 64,820 $ 34,431 $ 170,862 $ 61,791
Earnings (Loss) per common share-basic $ 0.74 $ 0.43 $ 2.03 $ 0.8
Earnings (Loss) per common share-diluted $ 0.74 $ 0.43 $ 2.03 $ 0.8
Weighted average shares of common stock outstanding-basic 87,251,340 79,476,419 84,313,169 77,250,889
Weighted average shares of common stock outstanding-diluted 87,251,340 79,476,419 84,313,169 77,250,889
Non-controlled, Non-affiliated Investments        
Income        
Interest from investments $ 107,240 $ 73,769 $ 299,542 $ 198,047
Dividend income 798 3 2,204 1,361
Other income 4,366 2,741 11,197 6,091
Total Investment Income 112,404 76,513 312,943 205,499
Net change in unrealized gains (losses):        
Unrealized gains (losses) on investments 13,067 (9,080) 32,483 (71,428)
Realized gains (losses):        
Realized gains (losses) on investments 5,332 278 11,768 708
Non-controlled, Affiliated Investments        
Income        
Interest from investments       133
Total Investment Income       133
Net change in unrealized gains (losses):        
Unrealized gains (losses) on investments       (14,350)
Realized gains (losses):        
Realized gains (losses) on investments       13,673
Controlled, Affiliated Investments        
Income        
Interest from investments 2,029 1,325 5,599 3,520
Other income 2 1 4 3
Total Investment Income 2,031 1,326 5,603 3,523
Net change in unrealized gains (losses):        
Unrealized gains (losses) on investments $ (8,797) (2,686) $ (17,783) 9,488
Realized gains (losses):        
Realized gains (losses) on investments   $ 55   $ 55