XML 22 R7.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net increase (decrease) in net assets resulting from operations $ 127,999 $ 4,681 $ 77,685
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:      
Purchases of portfolio investments (264,600) (884,800) (1,069,400)
Net cash acquired from Sierra merger (cash consideration paid) (See Note 10) 0 101,896 0
Transaction costs from Sierra merger (See Note 10) 0 (8,127) 0
Loan origination and other fees received 8,286 20,120 30,504
Net realized (gain) loss on investments 59,533 11,020 (2,645)
Net realized (gain) loss on currency transactions/contracts (4,160) 1,259 5,647
Forward currency contracts (7,377) 25,140 (378)
Net unrealized (appreciation) depreciation on investments (67,394) 124,189 (3,029)
Net unrealized (appreciation) depreciation on foreign currency transactions 13,389 (22,812) (17,014)
Payment-in-kind interest / dividends (26,540) (12,307) (10,795)
Amortization of deferred financing fees 3,285 3,053 1,620
Accretion of loan origination and other fees (8,425) (11,538) (9,444)
Amortization / accretion of purchased loan premium / discount (1,895) (2,322) (4,646)
Payments for derivative contracts (21,742) (5,628) (2,362)
Proceeds from derivative contracts 14,365 30,768 1,984
Changes in operating assets and liabilities:      
Interest and fees receivable (6,431) (14,597) (14,472)
Prepaid expenses and other assets (462) (3,214) (2,198)
Accounts payable and accrued liabilities 8,710 (7,756) 2,446
Interest payable 811 1,935 3,483
Net cash provided by (used in) operating activities 76,944 86,267 (396,553)
Cash flows from financing activities:      
Borrowings under credit facilities 93,447 244,657 455,732
Repayments of credit facilities (113,105) (148,061) (506,580)
Proceeds from notes 0 0 500,000
Financing fees paid (2,404) (1,870) (7,274)
Purchases of shares in repurchase plan (14,772) (32,105) 0
Cash dividends / distributions paid (108,997) (93,726) (53,559)
Net cash provided by (used in) financing activities (145,831) (31,105) 388,319
Net increase (decrease) in cash and foreign currencies (68,887) 55,162 (8,234)
Cash and foreign currencies, beginning of year 139,415 84,253 92,487
Cash and foreign currencies, end of year 70,528 139,415 84,253
Supplemental Information:      
Cash paid for interest 79,409 50,641 27,203
Excise taxes paid during the period 1,012 0 71
Supplemental non-cash information      
Fair value of net assets acquired, net of cash 0 (435,812) 0
Transaction costs 0 2,433 0
Common stock issued in acquisition of net assets 0 499,418 0
Credit support agreement (See Note 2) 0 (44,400) 0
Deemed contribution - from Adviser 0 27,730 0
Deemed contributions - CSA (See Note 2) 0 44,400 0
Forward Contracts      
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:      
Forward currency contracts (7,377) 25,140 (378)
Net unrealized (appreciation) depreciation on derivative (3,905) 14,950 (262)
Credit Support Agreement      
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:      
Net unrealized (appreciation) depreciation on derivative (4,714) 6,714 (1,800)
Long-Term Investment      
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:      
Purchases of portfolio investments (614,648) (1,162,247) (1,461,057)
Repayments received/sales of portfolio investments 593,505 1,041,370 943,867
Short-term investments      
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:      
Purchases of portfolio investments 0 0 (297,561)
Repayments received/sales of portfolio investments $ 0 $ 0 $ 363,118