XML 73 R4.htm IDEA: XBRL DOCUMENT v3.24.2
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Investment income        
PIK interest income $ 9,031 $ 7,867 $ 18,685 $ 16,890
Non-cash dividend income 7,741 6,736 15,165 13,237
Total investment income 94,588 95,492 185,144 187,445
Expenses        
Interest and other financing expenses 33,113 31,700 64,129 62,496
Management fee 11,351 11,577 22,348 23,215
Incentive fee 9,550 9,982 18,939 19,579
Professional fees 1,127 1,003 2,194 1,968
Administrative expenses 1,108 953 2,076 2,001
Other general and administrative expenses 527 513 992 1,001
Total expenses 56,776 55,728 110,678 110,260
Less: management fee waived (See Note 5) (861) (1,096) (1,762) (2,159)
Net expenses 55,915 54,632 108,916 108,101
Net investment income before income taxes 38,673 40,860 76,228 79,344
Income tax expense 234 932 235 1,028
Net investment income 38,439 39,928 75,993 78,316
Net realized (losses) gains:        
Investments     (42,993) 3,231
Foreign currency 0 1 0 13
Net change in unrealized appreciation (depreciation):        
Investments     33,529 (1,461)
Securities purchased under collateralized agreements to resell (3,000) (39) (3,000) (39)
Foreign currency 129 29 106 55
Provision for taxes (130) (94) (767) (225)
Net realized and unrealized (losses) gains (3,655) (4,850) (13,125) 1,574
Net increase in net assets resulting from operations 34,784 35,078 62,868 79,890
Less: Net increase in net assets resulting from operations related to non-controlling interest in New Mountain Net Lease Corporation (313) (248) (989) (487)
Net increase in net assets resulting from operations related to New Mountain Finance Corporation $ 34,471 $ 34,830 $ 61,879 $ 79,403
Basic earnings per share (in dollars per share) $ 0.32 $ 0.35 $ 0.59 $ 0.79
Weighted average shares of common stock outstanding - basic (in shares) 106,891,784 100,937,026 105,276,077 100,937,026
Diluted earnings per share (in dollars per share) $ 0.31 $ 0.32 $ 0.56 $ 0.71
Weighted average shares of common stock outstanding - diluted (in shares) 125,759,769 127,016,910 124,101,624 125,313,634
Distributions declared per share (in dollars per share) $ 0.34 $ 0.35 $ 0.70 $ 0.67
Distributions paid per share (in dollars per share) $ 0.34 $ 0.35 $ 0.70 $ 0.67
Non-controlled/Non-affiliated        
Investment income        
Interest income (excluding Payment-in-kind ("PIK") interest income) $ 57,583 $ 64,649 $ 113,820 $ 125,407
PIK interest income 4,437 3,767 9,120 7,711
Dividend income 2,284 47 2,577 94
Non-cash dividend income 4,797 4,305 9,481 8,471
Other income 3,291 686 4,891 2,604
Net realized (losses) gains:        
Investments (34,966) (7,314) (46,824) (8,622)
Net change in unrealized appreciation (depreciation):        
Investments 32,895 2,174 56,055 (755)
Non-controlled/Affiliated        
Investment income        
Interest income (excluding Payment-in-kind ("PIK") interest income) 376 683 744 692
PIK interest income 873 414 1,709 1,105
Non-cash dividend income 1,374 1,139 2,618 2,244
Other income 62 63 125 126
Net change in unrealized appreciation (depreciation):        
Investments (4,080) 1 (26,543) (15)
Controlled        
Investment income        
Interest income (excluding Payment-in-kind ("PIK") interest income) 1,383 1,243 2,744 2,687
PIK interest income 3,721 3,686 7,856 8,074
Dividend income 12,340 12,143 25,023 23,138
Non-cash dividend income 1,570 1,292 3,066 2,522
Other income 497 1,375 1,370 2,570
Net realized (losses) gains:        
Investments 3,800 9,880 3,831 11,853
Net change in unrealized appreciation (depreciation):        
Investments $ 1,697 $ (9,488) $ 4,017 $ (691)