XML 25 R6.htm IDEA: XBRL DOCUMENT 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