XML 17 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Investment income    
PIK interest income $ 9,023 $ 8,523
Non-cash dividend income 6,501 5,079
Total investment income 91,953 68,963
Expenses    
Interest and other financing expenses 30,796 18,637
Management fee 11,638 11,553
Incentive fee 9,597 7,477
Administrative expenses 1,048 1,209
Professional fees 965 937
Other general and administrative expenses 488 477
Total expenses 54,532 40,290
Less: management fee waived (See Note 5) (1,063) (1,092)
Less: expenses waived and reimbursed (See Note 5) 0 (238)
Net expenses 53,469 38,960
Net investment income before income taxes 38,484 30,003
Income tax expense 96 95
Net investment income 38,388 29,908
Net realized gains (losses):    
Investments 665 19,172
Foreign currency 12 345
Net change in unrealized appreciation (depreciation):    
Investments 5,852 (9,933)
Securities purchased under collateralized agreements to resell 0 (2,021)
Foreign currency 26 (422)
Provision for taxes (131) (2)
Net realized and unrealized gains 6,424 7,139
Net increase in net assets resulting from operations 44,812 37,047
Less: Net increase in net assets resulting from operations related to non-controlling interest in New Mountain Net Lease Corporation (239) (855)
Net increase (decrease) in net assets resulting from operations/ members capital $ 44,573 $ 36,192
Basic earnings per share (in dollars per share) $ 0.44 $ 0.37
Weighted average shares of common stock outstanding - basic (in shares) 100,937,026 98,413,476
Diluted earnings per share (in dollars per share) $ 0.40 $ 0.34
Weighted average shares of common stock outstanding - diluted (in shares) 123,591,432 111,671,062
Distributions declared per share (in dollars per share) $ 0.32 $ 0.30
Distributions paid per share (in dollars per share) $ 0.32 $ 0.30
Non-controlled/Non-affiliated    
Investment income    
Interest income (excluding Payment-in-kind ("PIK") interest income) $ 60,758 $ 37,444
PIK interest income 3,944 3,302
Dividend income 47 48
Non-cash dividend income 4,166 3,085
Other income 1,918 1,631
Net realized gains (losses):    
Investments (1,308) (70)
Net change in unrealized appreciation (depreciation):    
Investments (2,929) (4,524)
Non-controlled/Affiliated    
Investment income    
Interest income (excluding Payment-in-kind ("PIK") interest income) 9 255
PIK interest income 691 251
Non-cash dividend income 1,105 982
Other income 63 63
Net change in unrealized appreciation (depreciation):    
Investments (16) 10,759
Controlled    
Investment income    
Interest income (excluding Payment-in-kind ("PIK") interest income) 1,444 1,656
PIK interest income 4,388 4,970
Dividend income 10,995 11,645
Non-cash dividend income 1,230 1,012
Other income 1,195 2,619
Net realized gains (losses):    
Investments 1,973 19,242
Net change in unrealized appreciation (depreciation):    
Investments $ 8,797 $ (16,168)