v3.23.3
Consolidated Statements of Operations
shares in Thousands, $ in Thousands
 12 Months Ended
Sep. 30, 2023
USD ($)
$ / shares
shares
Sep. 30, 2022
USD ($)
$ / shares
shares
Sep. 30, 2021
USD ($)
$ / shares
shares
Investment Income      
Interest on cash and cash equivalents $ 4,080 $ 452 $ 9
Total interest income 348,765 228,916 174,381
Interest income, PIK 19,764 20,526 16,447
Fee income 6,546 6,631 14,098
Dividend income 4,211 6,447 4,459
Total investment income 379,286 262,520 209,385
Expenses:      
Base management fee 44,899 39,556 32,288
Part I incentive fee 35,831 26,644 21,598
Part II incentive fee 0 (8,791) 17,615
Professional fees 6,244 4,418 4,231
Directors fees 640 603 607
Interest expense 111,642 46,929 30,518
Administrator expense 1,252 1,246 1,510
General and administrative expenses 3,528 2,986 2,725
Total expenses 204,036 113,591 111,092
Fees waived (5,525) (3,000) (1,608)
Net expenses 198,511 110,591 109,484
Net investment income before taxes 180,775 151,929 99,901
(Provision) benefit for taxes on net investment income 0 (3,308) (2,795)
Excise tax (78) 0 0
Net investment income 180,697 148,621 97,106
Unrealized appreciation (depreciation):      
Foreign currency forward contracts 59 4,877 1,689
Net unrealized appreciation (depreciation) (28,555) (136,248) 114,519
Realized gains (losses):      
Foreign currency forward contracts (5,765) 13,726 (674)
Net realized gains (losses) (33,155) 17,179 26,420
(Provision) benefit for taxes on realized and unrealized gains (losses) (1,656) (329) (785)
Net realized and unrealized gains (losses), net of taxes (63,366) (119,398) 140,154
Net increase (decrease) in net assets resulting from operations $ 117,331 $ 29,223 $ 237,260
Net investment income per common share - basic and diluted (in dollars per share) | $ / shares [1] $ 2.51 $ 2.45 $ 1.80
Earnings (loss) per common share - basic (dollars per share) | $ / shares [1] 1.63 0.48 4.39
Earnings (loss) per common share - diluted (dollars per share) | $ / shares [1] $ 1.63 $ 0.48 $ 4.39
Weighted average common shares outstanding - basic (shares) | shares [1] 72,119 60,727 54,039
Weighted average common shares outstanding - diluted (shares) | shares [1] 72,119 60,727 54,039
Stock split, conversion ratio 0.3333    
Control investments      
Investment Income      
Interest income $ 21,203 $ 14,043 $ 11,792
Interest income, PIK 309 0 0
Fee income 51 50 59
Dividend income 4,200 6,366 4,459
Unrealized appreciation (depreciation):      
Net unrealized appreciation (depreciation) (2,014) (33,306) 31,731
Realized gains (losses):      
Realized gain (loss) 0 1,868 0
Affiliate investments      
Investment Income      
Interest income 2,620 1,744 716
Fee income 20 20 20
Unrealized appreciation (depreciation):      
Net unrealized appreciation (depreciation) (392) (683) 568
Non-control/Non-affiliate investments      
Investment Income      
Interest income 320,862 212,677 161,864
Interest income, PIK 19,455 20,526 16,447
Fee income 6,475 6,561 14,019
Dividend income 11 81 0
Unrealized appreciation (depreciation):      
Net unrealized appreciation (depreciation) (26,208) (107,136) 80,531
Realized gains (losses):      
Realized gain (loss) $ (27,390) $ 1,585 $ 27,094
[1] As discussed in Note 2, the Company completed a 1-for-3 reverse stock split on January 20, 2023, effective as of the commencement of trading on January 23, 2023. The weighted average common shares outstanding and per share information reflect the reverse stock split on a retroactive basis.