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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Investments at fair value    
Fair Value $ 27,130.3 [1] $ 26,719.9 [2]
Cash and cash equivalents 647.0 635.0
Restricted cash 95.0 225.0
Interest receivable 239.0 292.0
Receivable for open trades 33.0 224.0
Other assets 173.0 158.0
Total assets 28,317.0 28,254.0
LIABILITIES    
Debt 13,922.0 13,727.0
Base management fee payable 102.0 100.0
Income based fee payable 85.0 91.0
Capital gains incentive fee payable 80.0 105.0
Interest and facility fees payable 130.0 170.0
Payable to participants 27.0 163.0
Payable for open trades 10.0 236.0
Accounts payable and other liabilities 289.0 275.0
Secured borrowings 0.0 32.0
Total liabilities 14,645.0 14,899.0
Commitments and contingencies (Note 7)
STOCKHOLDERS’ EQUITY    
Common stock, par value $0.001 per share, 1,000 common shares authorized; 690 and 672 common shares issued and outstanding, respectively 1.0 1.0
Capital in excess of par value 12,906.0 12,502.0
Accumulated undistributed earnings 765.0 852.0
Total stockholders’ equity 13,672.0 13,355.0
Total liabilities and stockholders’ equity $ 28,317.0 $ 28,254.0
NET ASSETS PER SHARE (in dollars per share) $ 19.82 $ 19.89
Non-controlled/non-affiliate company investments    
Investments at fair value    
Fair Value $ 22,590.0 $ 22,145.0
Non-controlled affiliate company investments    
Investments at fair value    
Fair Value 668.1 707.2
Controlled affiliate company investments    
Investments at fair value    
Fair Value $ 3,871.5 $ 3,867.6
[1] As of March 31, 2025, the estimated net unrealized gain for federal tax purposes was $0.4 billion based on a tax cost basis of $26.7 billion. As of March 31, 2025, the estimated aggregate gross unrealized gain for federal income tax purposes was $1.7 billion and the estimated aggregate gross unrealized loss for federal income tax purposes was $1.3 billion.
[2] As of December 31, 2024, the estimated net unrealized gain for federal tax purposes was $0.2 billion based on a tax cost basis of $26.5 billion. As of December 31, 2024, the estimated aggregate gross unrealized gain for federal income tax purposes was $1.7 billion and the estimated aggregate gross unrealized loss for federal income tax purposes was $1.5 billion.