XML 44 R30.htm IDEA: XBRL DOCUMENT
v3.24.3

Taxes and Distributions (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2024
Income Tax Disclosure [Abstract] |
Summary of Amounts Reclassified for Tax Purposes | The following amounts were reclassified for tax purposes (in thousands):
|  | Years Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Decrease in paid-in capital |  | $ | (900 | ) |  | $ | (531 | ) |  | $ | (492 | )
Decrease in accumulated net realized loss |  |  | 8 |  |  |  | (1,645 | ) |  |  | 1,118 |
Increase in undistributed net investment income |  |  | 892 |  |  |  | 2,176 |  |  |  | (625 | )
Summary of Reconciles Net Increase in Net Assets Resulting From Operations to Taxable Income | The following reconciles net increase in net assets resulting from operations to taxable income:
|  | Years Ended September 30, |
|  | 2024 |  |  | 2022 |  |  | 2021 |
Net increase in net assets resulting from operations |  | $ | 91,839 |  |  | $ | 39,261 |  |  | $ | 3,453 |
Net realized gain (loss) on investments |  |  | (177 | ) |  |  | 16,155 |  |  |  | 11,106 |
Net realized gain (loss) on debt |  |  | 383 |  |  |  | — |  |  |  | — |
Net change in unrealized depreciation (appreciation) on investments and debt |  |  | (14,324 | ) |  |  | 12,075 |  |  |  | 34,023 |
Other book-to-tax differences |  |  | 11,435 |  |  |  | (5,081 | ) |  |  | (549 | )
Other non-deductible expenses |  |  | 2,220 |  |  |  | 1,924 |  |  |  | 993 |
Taxable income before dividends paid deduction |  | $ | 91,376 |  |  | $ | 64,334 |  |  | $ | 49,026 |
Summary of Components of Undistributed Taxable Income on Tax Basis and Reconciliation to Accumulated Deficit on Book Basis | The components of undistributed taxable income on a tax basis and reconciliation to accumulated deficit on a book basis are as follows (in thousands):
|  | As of September 30, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Undistributed ordinary income – tax basis |  | $ | 30,316 |  |  | $ | 17,158 |  |  | $ | 11,141 |
Short-term realized loss carried forward |  |  | (16,286 | ) |  |  | (16,544 | ) |  |  | (24,655 | )
Long-term realized loss carried forward |  |  | (88,745 | ) |  |  | (78,796 | ) |  |  | (65,977 | )
Distributions payable and other book to tax differences |  |  | (11,639 | ) |  |  | (5,959 | ) |  |  | 3,933 |
Net unrealized appreciation (depreciation) of investments and debt |  |  | (13,174 | ) |  |  | (27,499 | ) |  |  | (15,423 | )
Total accumulated deficit – book basis |  | $ | (99,528 | ) |  | $ | (111,641 | ) |  | $ | (90,981 | )
Summary of Tax Characteristics of Distributions Declared | The tax characteristics of distributions declared are as follows (in thousands):
|  | Years Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Ordinary income (including short-term gains, if any) |  | $ | 80,627 |  |  | $ | 60,451 |  |  | $ | 46,685 |
Long-term capital gain |  |  | — |  |  |  | — |  |  |  | — |
Total distributions |  | $ | 80,627 |  |  | $ | 60,451 |  |  | $ | 46,685 |
Total distributions per share based on weighted average shares |  | $ | 1.23 |  |  | $ | 1.19 |  |  | $ | 1.14 |

X
- Definition Disclosure of amounts reclassified for tax purposes. + References No definition available. + Details
Name: | pflt_DisclosureOfAmountsReclassifiedForTaxPurposesTableTextBlock
Namespace Prefix: | pflt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Reconciles net decrease increase in net assets resulting from operations to taxable income. + References No definition available. + Details
Name: | pflt_ReconcilesNetDecreaseIncreaseInNetAssetsResultingFromOperationsToTaxableIncomeTableTextBlock
Namespace Prefix: | pflt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information related to dividends declared, including paid and unpaid dividends. + References No definition available. + Details
Name: | us-gaap_DividendsDeclaredTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the federal tax basis of investment holdings. This item captures the aggregate cost of securities, aggregate gross unrealized appreciation for all securities in which there is an excess of value over tax cost, aggregate gross unrealized depreciation for all securities in which there is an excess of tax cost over value, net unrealized appreciation (depreciation), and an explanation of the differences between tax and book. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-03(h)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3 + Details
Name: | us-gaap_FederalIncomeTaxNoteTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration