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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        
Payment-in-kind interest income $ 25,469 $ 23,412 $ 84,538 $ 85,336
Payment-in-kind dividend income 10,378 8,860 29,630 26,228
Total Investment Income 170,908 173,025 517,339 505,709
Expenses        
Interest expense 48,278 49,657 145,984 146,448
Management fees 14,071 14,646 42,018 44,101
Incentive fees 10,251 6,196 24,341 29,727
Professional fees 1,670 2,372 4,986 6,598
Directors' fees 259 320 775 773
Other general and administrative 1,275 174 3,961 3,178
Total Expenses 75,804 73,365 222,065 230,825
Net Investment Income (Loss) Before Taxes 95,104 99,660 295,274 274,884
Income tax expense (benefit), including excise tax expense (benefit) 2,846 2,580 8,583 8,970
Net Investment Income (Loss) After Taxes 92,258 97,080 286,691 265,914
Net Change in Unrealized Gain (Loss)        
Net change in unrealized gain (loss)     37,754 (6,190)
Translation of assets and liabilities in foreign currencies 922 (453) 793 (161)
Total Net Change in Unrealized Gain (Loss) 109,688 (63,746) 38,547 (6,351)
Net Realized Gain (Loss):        
Non-controlled, non-affiliated investments     (105,320) 8,037
Foreign currency transactions 440 10 (1,391) (55)
Total Net Realized Gain (Loss) (82,408) 23,470 (106,711) 7,982
Total Net Realized and Change in Unrealized Gain (Loss) 27,280 (40,276) (68,164) 1,631
Net Increase (Decrease) in Net Assets Resulting from Operations $ 119,538 $ 56,804 $ 218,527 $ 267,545
Earnings (Loss) Per Share - Basic (in usd per share) $ 0.57 $ 0.28 $ 1.04 $ 1.31
Earnings (Loss) Per Share - Diluted (in usd per share) $ 0.57 $ 0.28 $ 1.04 $ 1.31
Weighted Average Shares Outstanding - Basic (in shares) 210,331,300 205,474,428 209,162,895 204,446,780
Weighted Average Shares Outstanding - Diluted (in shares) 210,331,300 205,474,428 209,162,895 204,446,780
Non-controlled, non-affiliated investments        
Investment Income        
Interest income $ 131,461 $ 138,751 $ 391,698 $ 388,427
Payment-in-kind interest income 24,994 23,412 84,063 85,336
Dividend income 599 515 1,627 1,190
Payment-in-kind dividend income 7,371 6,100 20,929 18,268
Other income 939 1,043 5,089 3,589
Total Investment Income 165,364 169,821 503,406 496,810
Net Change in Unrealized Gain (Loss)        
Net change in unrealized gain (loss) 57,725 (59,501) (7,355) 3,277
Net Realized Gain (Loss):        
Non-controlled, non-affiliated investments (65,983) 23,460 (88,455) 8,037
Non-controlled, affiliated investments        
Investment Income        
Interest income 275 0 275 0
Payment-in-kind interest income 475 0 475 0
Dividend income 1,774 444 4,463 939
Payment-in-kind dividend income 3,007 2,760 8,701 7,960
Other income 13 0 19 0
Total Investment Income 5,544 3,204 13,933 8,899
Net Change in Unrealized Gain (Loss)        
Net change in unrealized gain (loss) 13,135 (3,792) 5,177 (9,467)
Net Realized Gain (Loss):        
Non-controlled, non-affiliated investments (16,865) 0 (16,865) 0
Controlled, affiliated investments        
Net Change in Unrealized Gain (Loss)        
Net change in unrealized gain (loss) $ 37,906 $ 0 39,932 $ 0
Net Realized Gain (Loss):        
Non-controlled, non-affiliated investments     $ 0