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v3.22.2.2

Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2020
Cash flows from operating activities: |  |  |
Net increase in net assets resulting from operations | $ 3,453 | $ 56,516 | $ 18,413
Adjustments to reconcile net increase in net assets resulting from operations to net cash (used in) provided by operating activities: |  |  |
Net change in unrealized (depreciation) appreciation on investments | 24,512 | (41,295) | 26,467
Net change in unrealized (depreciation) appreciation on debt | 4,943 | 11,609 | (14,177)
Provision for taxes on unrealized appreciation on investments | 4,568 |  |
Net realized loss on investments | 11,106 | 12,796 | 12,682
Net accretion of discount and amortization of premium | (4,194) | (3,243) | (1,666)
Purchases of investments | (607,765) | (661,112) | (436,704)
Payment-in-kind interest | (1,389) | (3,020) | (2,488)
Proceeds from dispositions of investments | 495,191 | 702,129 | 396,866
Amortization of deferred financing costs | 737 | 961 | 544
(Increase) decrease in interest receivable | (2,097) | (1,772) | 219
Decrease (increase) in receivable for investments sold | 30,525 | (33,966) | 2,998
(Increase) decrease in prepaid expenses and other assets | (748) | 173 | (134)
(Decrease) increase in payable for investments purchased | (13,546) | 9,746 | (8,234)
Increase in interest payable on debt | 2,708 | 1,853 | 326
Increase (Decrease) in base management fee payable | 320 | (70) | 48
Increase (Decrease) in performance-based incentive fee payable | 2,540 | (1,448) | (461)
(Decrease) increase in accrued other expenses | (826) | (285) | 360
Net cash (used in) provided by operating activities | (49,962) | 49,572 | (4,941)
Cash flows from financing activities: |  |  |
Public offering | 81,936 | 1,403 |
Offering costs | (1,973) | (364) |
Distributions paid to stockholders | (46,067) | (44,207) | (44,200)
Borrowings under Credit Facility (See Notes 5 and 11) | 147,254 | 346,500 | 265,000
Repayments under Credit Facility (See Notes 5 and 11) | (197,000) | (435,699) | (221,709)
Net cash provided by (used in) financing activities | 47,696 | (56,313) | (909)
Net decrease in cash and cash equivalents | (2,266) | (6,741) | (5,850)
Effect of exchange rate changes on cash | 320 | (945) | 24
Cash and cash equivalents, beginning of year | 49,826 | 57,512 | 63,338
Cash and cash equivalents, end of year | 47,880 | 49,826 | 57,512
Supplemental disclosures: |  |  |
Interest paid | 26,091 | 18,837 | 26,238
Taxes paid | 1,167 | 405 | 502
Non-cash exchanges and conversions | 50,352 | 20,491 | $ 8,026
2023 Notes |  |  |
Cash flows from financing activities: |  |  |
Repayment of 2023 Notes (See Notes 5 and 11) | (20,787) | (20,787) |
2026 Notes |  |  |
Cash flows from financing activities: |  |  |
Proceeds from debt issuance (See Notes 5 and 11) | $ 84,333 | $ 96,841 |

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