XML 19 R8.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
OPERATING ACTIVITIES:      
Net increase (decrease) in net assets resulting from operations $ 11,381 $ (20,996) $ 26,026
Adjustments to reconcile net increase (decrease) in stockholders' equity resulting from operations to net cash (used in) provided by in operations:      
Net realized (gains) losses on investment transactions 26,896 31,185 4,258
Net change in unrealized (appreciation) depreciation from investments (3,322) 17,915 8,443
Purchases of investments (48,188) (222,202) (297,149)
Proceeds from sales and redemptions of investments 146,945 160,964 329,458
Net accretion of investments (6,982) (10,648) (32,303)
Amortization of debt issuance costs 1,219 1,223 1,022
Realized (gains) losses on extinguishments of debt 362   1,835
Net payment-in-kind interest income (7,068) (5,608) (3,247)
Cash consideration net of cash acquired from mergers     13,549
Change in operating assets and liabilities:      
(Increase) decrease in receivable for unsettled trades 822 18,798 4,914
(Increase) decrease in interest and dividends receivable (1) 686 (2,541)
(Increase) decrease in due from affiliates (604) (423) (150)
(Increase) decrease in other assets 183 528 (227)
Increase (decrease) in payable for unsettled trades (756) (4,121) 5,397
Increase (decrease) in accrued interest payable 206 1,702 931
Increase (decrease) in management and incentive fees payable 610 (998) (703)
Increase (decrease) in due to affiliates (442) (899) 424
Increase (decrease) in accounts payable and accrued expenses (362) (205) 1,212
Net cash (used in) provided by operating activities 120,899 (33,099) 61,149
FINANCING ACTIVITIES:      
Debt issuance costs   (836) (1,055)
Equity issuance costs     (547)
Private placement   378 4,020
Stock repurchase program (4,355) (3,831) (1,827)
Distributions to stockholders (25,631) (23,550) (19,647)
Repurchase of 6.125% Notes     (76,726)
Issuance of 2018-2 Secured Notes   14,300  
Repayment of 2018-2 Secured Notes (52,480)   (88,000)
Issuance of 4.875% Notes Due 2026     105,570
Borrowings from Revolving Credit Facilities 55,500 16,500 31,250
Repayment of Revolving Credit Facilities (55,500) (5,071)  
Net cash (used in) provided by financing activities (82,466) (2,110) (75,712)
CHANGE IN CASH AND RESTRICTED CASH 38,433 (35,209) (14,563)
CASH AND RESTRICTED CASH, BEGINNING OF PERIOD 33,131 68,340 82,903
CASH AND RESTRICTED CASH, END OF PERIOD 71,564 33,131 68,340
Amounts per balance sheet:      
Cash and cash equivalents 26,912 5,148 28,919
Restricted cash 44,652 27,983 39,421
Total Cash and Restricted cash 71,564 33,131 68,340
Supplemental Information and non-cash activities:      
Cash paid for interest during the period 23,881 14,776 11,692
Reinvestment of distributions $ 516 $ 1,111 927
Non-cash purchase of investments     16,592
Non-cash assets acquired      
Investments, at cost     53,812
Interest receivable     431
Other assets     2,665
Noncash or Part Noncash Acquisition, Value of Assets Acquired, Total     56,908
Liabilities assumed      
Debt     28,750
Accounts payable and accrued expenses     1,645
Noncash or Part Noncash Acquisition, Value of Liabilities Assumed, Total     30,395
Issuance of common stock     37,063
Deemed capital contribution from affiliates     2,150
Transaction costs     881
HCAP Acquisition      
FINANCING ACTIVITIES:      
Repurchase of 6.125% Notes     $ (28,750)