XML 16 R6.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Jun. 30, 2023
Operating Activities          
Net increase (decrease) in net assets resulting from operations $ (27,744) $ 72,277 $ 88,917 $ (20,162)  
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash used in operating activities:          
Net realized losses on extinguishment of debt 53 52 144 80  
Net realized losses on investments (123) (16,298) 207,366 6,879  
Net change in unrealized (gains) losses on investments 124,741 50,673 (73,888) 219,173  
Amortization of discounts (accretion of premiums), net     (2,713) (2,877)  
Accretion of original issue discount     1,439 3,482  
Amortization of deferred financing costs     3,720 1,539  
Payment-in-kind interest     (62,358) (51,026)  
Structuring fees     (2,355) (8,705)  
Change in operating assets and liabilities:          
Payments for purchases of investments     (238,088) (552,780)  
Proceeds from sale of investments and collection of investment principal     224,909 220,316  
Net Reductions to Subordinated Structured Notes and related investment cost     40,212 1,194  
Decrease in due from broker     475 0  
(Increase) in interest receivable, net     (9,893) (20,784)  
(Increase) in other receivables     (3,546) (229)  
Decrease in prepaid expenses     378 665  
(Increase) in due from affiliate     (16) 0  
(Decrease) in due to broker     (94) 0  
(Decrease) increase in due to Prospect Capital Management     (4,238) 3,293  
(Decrease) increase in accrued expenses     (1,053) 2,101  
Increase (decrease) in interest payable     95 (283)  
(Decrease) in other liabilities     (932) (782)  
Net Cash (Used in) Provided by Operating Activities     174,487 (197,422)  
Financing Activities          
Borrowings under Revolving Credit Facility (Note 4)     501,300 628,400  
Principal payments under Revolving Credit Facility (Note 4)     (651,954) (713,559)  
Redemptions of Convertible Notes (Note 5)     0 (60,501)  
Financing costs paid and deferred     (1,088) (5,858)  
Repurchase of Preferred Stock     (11,301) 0  
Proceeds from issuance of preferred stock, net of underwriting costs     133,281 531,664  
Offering costs from issuance of preferred stock     (2,637) (7,864)  
Dividends paid and distributions to stockholders     (173,347) (140,516)  
Net Cash Provided by (Used in) Financing Activities     (172,844) 232,144  
Net Increase in Cash, Cash Equivalents and Restricted Cash     1,643 34,722  
Cash, Cash Equivalents and Restricted Cash at beginning of period     95,646 35,364 $ 35,364
Cash, Cash Equivalents and Restricted Cash at End of Period $ 97,289 $ 70,086 97,289 70,086 $ 95,646
Supplemental Disclosures          
Cash paid for interest     75,383 66,915  
Non-Cash Financing Activities          
Value of shares issued through reinvestment of dividends     20,136 31,208  
Affiliated Entity          
Change in operating assets and liabilities:          
(Decrease) in due to affiliates     (161) 0  
Related Party          
Change in operating assets and liabilities:          
(Decrease) in due to affiliates     6,167 1,484  
Preferred Stock to Common Stock          
Non-Cash Financing Activities          
Conversion of stock     32,177 6,324  
Convertible Notes to Common Stock          
Non-Cash Financing Activities          
Conversion of stock     0 3,000  
Public Notes          
Financing Activities          
Redemptions of unsecured debt     0 (2,103)  
Prospect Capital InterNotes®          
Financing Activities          
Redemptions of unsecured debt     (5,690) (2,995)  
Issuances of Prospect Capital InterNotes® (Note 7)     $ 38,592 $ 5,476