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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        
Total Investment Income $ 152,271 $ 99,009 $ 417,385 $ 263,963
Expenses        
Interest expense 54,604 34,172 146,378 90,901
Management fees 14,968 12,635 42,778 35,476
Incentive fees 7,757 4,914 22,402 13,004
Offering expenses 0 17 20 97
Professional fees 1,335 1,657 3,961 3,612
Directors' fees 160 289 636 682
Other general and administrative 1,025 973 3,191 2,787
Total Expenses 79,849 54,657 219,366 146,559
Net Investment Income (Loss) Before Taxes 72,422 44,352 198,019 117,404
Income tax expense (benefit), including excise tax expense (benefit) 1,109 122 1,836 364
Net Investment Income (Loss) After Taxes 71,313 44,230 196,183 117,040
Net Change in Unrealized Gain (Loss)        
Net change in unrealized gain (loss)     1,105 10,734
Translation of assets and liabilities in foreign currencies 74 911 (804) 218
Income tax (provision) benefit (205) 0 (199) (4)
Total Net Change in Unrealized Gain (Loss) (6,376) 8,081 102 10,948
Net Realized Gain (Loss):        
Non-controlled, non-affiliated investments 4,726 968 5,809 966
Foreign currency transactions 18 (795) (593) 286
Total Net Realized Gain (Loss) 4,744 173 5,216 1,252
Total Net Realized and Change in Unrealized Gain (Loss) (1,632) 8,254 5,318 12,200
Net Increase (Decrease) in Net Assets Resulting from Operations $ 69,681 $ 52,484 $ 201,501 $ 129,240
Earnings (Loss) Per Share - Basic (in USD per share) $ 0.45 $ 0.50 $ 1.45 $ 1.35
Earnings (Loss) Per Share - Diluted (in USD per share) $ 0.45 $ 0.50 $ 1.45 $ 1.35
Weighted Average Shares Outstanding - Basic (in shares) 155,552,828 105,839,749 138,598,295 95,860,190
Weighted Average Shares Outstanding - Diluted (in shares) 155,552,828 105,839,749 138,598,295 95,860,190
Non-controlled, non-affiliated investments        
Investment Income        
Interest income $ 128,851 $ 82,043 $ 346,289 $ 214,201
Payment-in-kind interest income 8,320 5,870 25,276 13,972
Dividend income 4,113 4,194 12,452 9,078
Payment-in-kind dividend income 7,480 5,446 20,926 23,741
Other income 1,098 828 6,262 1,786
Total Investment Income 149,862 98,381 411,205 262,778
Net Change in Unrealized Gain (Loss)        
Net change in unrealized gain (loss) (7,915) 6,656 (3,269) 10,224
Non-controlled, affiliated investments        
Investment Income        
Interest income 457 0 1,357 0
Other income     0  
Payment-in-kind interest income 174 172 334 172
Dividend income 1,778 456 4,489 1,013
Total Investment Income 2,409 628 6,180 1,185
Net Change in Unrealized Gain (Loss)        
Net change in unrealized gain (loss) 1,672 514 4,376 510
Controlled, affiliated investments        
Investment Income        
Other income     0  
Dividend income     0  
Net Change in Unrealized Gain (Loss)        
Net change in unrealized gain (loss) $ (2) $ 0 $ (2) $ 0