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Consolidated Statements of Cash Flow - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net increase in net assets resulting from operations $ 21,151 $ 27,782 $ 6,364
Adjustments to reconcile net increase in net assets resulting from operations to net cash used in operating activities:      
Amortization of debt issuance costs 1,604 1,091 1,018
Net realized loss on investments 9,484 3,248 14,698
Net realized loss on extinguishment of debt 0 395 0
Net unrealized depreciation (appreciation) on investments 5,552 (3,205) (313)
Purchase of investments (421,978) (344,445) (198,561)
Principal payments received on investments 95,871 188,010 146,258
Proceeds from sale of investments 49,964 52,954 8,335
Dividends from controlled affiliate investment 0 0 (118)
Equity received in settlement of fee income 0 0 (45)
Warrants received in settlement of fee income 0 0 (978)
Changes in assets and liabilities:      
(Increase) decrease in interest receivable (3,417) (173) 887
Increase in end-of-term payments (4,452) (1,652) (1,066)
Decrease in unearned income (394) (1,295) (1,408)
Increase in other assets (156) (394) (189)
Increase in other accrued expenses 758 509 430
Increase in base management fee payable 359 143 44
(Decrease) increase in incentive fee payable (623) 1,040 (638)
Net cash used in operating activities (246,277) (75,992) (25,282)
Cash flows from financing activities:      
Proceeds from issuance of common stock, net of offering costs 84,603 30,086 44,611
Advances on Credit Facilities 199,000 127,000 80,250
Repayment of Credit Facilities (149,500) (45,000) (47,000)
Debt issuance costs (4,364) (2,645) (890)
Distributions paid (29,847) (24,551) (21,316)
Net cash provided by financing activities 229,462 75,515 55,655
Net (decrease) increase in cash, cash equivalents and restricted cash (16,815) (477) 30,373
Cash, cash equivalents and restricted cash:      
Beginning of period 47,281 47,758 17,385
End of period 30,466 47,281 47,758
Supplemental disclosure of cash flow information:      
Cash paid for interest 17,028 10,706 8,593
Supplemental non-cash investing and financing activities:      
Refinanced debt investment balances 30,625 0 0
Warrant investments received and recorded as unearned income 5,616 3,355 1,829
Distributions payable 9,159 6,365 5,786
Acquisition of controlled affiliate investment 0 0 16,498
End-of-term payments receivable 9,690 5,238 4,203
Non-cash income 6,314 4,580 5,124
Cash 20,612 38,054 19,502
Investments in money market funds 7,066 7,868 27,199
Restricted investments in money market funds 2,788 1,359 1,057
Total cash, cash equivalents and restricted cash 30,466 47,281 47,758
The 2027 Notes [Member]      
Cash flows from financing activities:      
Proceeds from issuance of notes 57,500 0 0
The 2026 Notes [Member]      
Cash flows from financing activities:      
Proceeds from issuance of notes 0 57,500 0
Asset-backed Notes 2022 [Member]      
Cash flows from financing activities:      
Proceeds from issuance of notes 100,000 0 0
Asset-backed Notes 2019 [Member]      
Cash flows from financing activities:      
Repayment of notes (27,930) (29,500) 0
The 2022 Notes [Member]      
Cash flows from financing activities:      
Repayment of notes $ 0 $ (37,375) $ 0