XML 20 R7.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities      
Net increase (decrease) in net assets resulting from operations $ (15,583) $ (10,275) $ (31,956)
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used for) operating activities:      
Purchases of investments (149,463) (191,875) (92,524)
Net change in short-term investments (6,329) (6) 10,735
Capitalized payment-in-kind interest (1,421) (6,677) (6,074)
Proceeds from sales of investments 56,182 64,733 52,415
Proceeds from principal payments 56,816 70,262 59,578
Net realized (gain) loss on investments 126,046 9,639 10,977
Net change in unrealized (appreciation) depreciation on investments (100,002) 12,921 29,356
Amortization of premium and accretion of discount, net (1,352) (3,958) (4,999)
Net realized gain on repurchase of debt     (1,237)
Amortization of discount (premium) on long term debt 1,312 1,496 1,153
Increase (decrease) in operating assets and liabilities:      
(Increase) decrease in interest receivable (1,279) 612 (73)
(Increase) decrease in dividends receivable 100 (1,540) 14
(Increase) decrease in due from portfolio company 135 701 (220)
(Increase) decrease in due from affiliates 17 (17) 15
(Increase) decrease in prepaid expenses and other assets (2,878) (60) (151)
Increase (decrease) in due to affiliates (4,259) (4,074) 786
Increase (decrease) in interest payable 13 (299) (26)
Increase (decrease) in accrued expenses and other liabilities 190 (72) (381)
Net cash provided by (used for) operating activities (41,755) (58,489) 27,388
Cash flows from financing activities      
Purchase of debt     (4,067)
Issuance of notes payable   55,229  
Borrowings under credit facility 10,000 10,000  
Repayments under credit facility   (10,000)  
Repayment of notes payable   (30,293)  
Proceeds from issuance of common stock 37,507   31,748
Payments of deferred financing costs (1,287) (550) (1,500)
Distributions paid (13,023) (9,934) (4,993)
Net cash provided by (used for) financing activities 33,197 14,452 21,188
Net increase (decrease) in cash (8,558) (44,037) 48,576
Cash and cash equivalents and restricted cash, beginning of period 9,145 53,182 4,606
Cash and cash equivalents and restricted cash, end of period 587 9,145 53,182
Supplemental disclosure of non-cash financing activities:      
Distributions declared, not yet paid     1,911
Common stock distributed 0 1,720 7,783
Common stock issued in-kind 2,600 13,239  
Supplemental disclosure of cash flow information:      
Cash paid for excise tax 162 27 233
Cash paid for interest $ 9,355 $ 9,230 $ 7,996