EX-99.1 7 a2232064zex-99_1.htm EX-99.1

Exhibit 99.1

(in millions)

|  | 3 Months Ended |  | Year Ended |  | Year Ended |
|  | 3/31/2017 |  | 12/31/2016 |  | 12/31/2015 |
Earnings: |  |  |  |  |  |  |
Net increase in stockholders’ equity resulting from operations |  | $ | 118 |  | $ | 474 |  | $ | 379 |
Income tax expense, including excise tax |  | 2 |  | 21 |  | 18 |
Total earnings before taxes |  | $ | 120 |  | $ | 495 |  | $ | 397 |
Fixed Charges: |  |  |  |  |  |  |
Interest and credit facility fees |  | $ | 55 |  | $ | 186 |  | $ | 227 |
Total fixed charges |  | $ | 55 |  | $ | 186 |  | $ | 227 |
Earnings available to cover fixed charges |  | $ | 175 |  | $ | 681 |  | $ | 624 |
Ratio of earnings to fixed charges |  | 3.2 |  | 3.7 |  | 2.7 |
Footnote disclosure: |  |  |  |  |  |  |
Total realized and unrealized gains (losses) from investment transactions and capital gains incentive fee expense accrued in accordance with GAAP |  | $ | 8 |  | $ | (15 | ) | $ | (102 | )
Earnings available to cover fixed charges excluding above |  | $ | 167 |  | $ | 696 |  | $ | 726 |
Ratio of earnings to fixed charges excluding above |  | 3.0 |  | 3.7 |  | 3.2 |