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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Jun. 30, 2023
Operating Activities          
Net increase (decrease) in net assets resulting from operations $ 144,361 $ (89,014) $ 233,278 $ (109,176)  
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 68 58 212 138  
Net realized losses on investments 69,763 32,213 277,129 39,092  
Net change in unrealized (gains) losses on investments (119,817) 158,923 (193,705) 378,096  
Amortization of discounts (accretion of premiums), net     (4,155) (4,215)  
Accretion of original issue discount     2,156 5,255  
Amortization of deferred financing costs     5,610 2,304  
Payment-in-kind interest     (95,048) (97,952)  
Structuring fees     (4,816) (8,705)  
Change in operating assets and liabilities:          
Payments for purchases of investments     (422,452) (597,552)  
Proceeds from sale of investments and collection of investment principal     298,586 302,099  
Net Reductions to Subordinated Structured Notes and related investment cost     62,680 (1,130)  
(Increase) decrease in due from broker     617 (400)  
(Increase) decrease in interest receivable, net     (7,951) (14,104)  
(Increase) decrease in other receivables     (118) (318)  
(Increase) decrease in prepaid expenses     561 749  
(Increase) decrease in due from Affiliate     (172) (1)  
Increase (decrease) in due to broker     8,810 0  
Increase (decrease) in due to Prospect Capital Management     (5,043) 1,442  
Increase (decrease) in accrued expenses     (1,639) 2,286  
Increase (decrease) in interest payable     (2,057) (6,680)  
Increase (decrease) in other liabilities     (1,358) (319)  
Net Cash (Used in) Provided by Operating Activities     152,223 (101,244)  
Financing Activities          
Borrowings under Revolving Credit Facility (Note 4)     875,300 1,224,900  
Principal payments under Revolving Credit Facility (Note 4)     (983,627) (1,175,959)  
Redemptions of Convertible Notes (Note 5)     0 (60,501)  
Financing costs paid and deferred     (1,940) (6,742)  
Repurchase of Preferred Stock     (11,301) 0  
Proceeds from issuance of preferred stock, net of underwriting costs     196,330 657,479  
Offering costs from issuance of preferred stock     (3,521) (9,764)  
Dividends paid and distributions to stockholders     (269,238) (222,123)  
Net Cash Provided by (Used in) Financing Activities     (194,389) 130,972  
Net Increase in Cash, Cash Equivalents and Restricted Cash     (42,166) 29,728  
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 $ 53,480 $ 65,092 53,480 65,092 $ 95,646
Supplemental Disclosures          
Cash paid for interest     114,769 108,291  
Non-Cash Financing Activities          
Value of shares issued through reinvestment of dividends     30,698 41,387  
Affiliated Entity          
Change in operating assets and liabilities:          
Increase (decrease) in due to Affiliate     (161) 0  
Related Party          
Change in operating assets and liabilities:          
Increase (decrease) in due to Affiliate     1,259 7,847  
Preferred Stock to Common Stock          
Non-Cash Financing Activities          
Conversion of stock     40,952 12,994  
Convertible Notes to Common Stock          
Non-Cash Financing Activities          
Conversion of stock     0 3,000  
Public Notes          
Financing Activities          
Redemptions of unsecured debt     (81,240) (284,218)  
Prospect Capital InterNotes®          
Financing Activities          
Redemptions of unsecured debt     (9,317) (5,433)  
Issuances of Prospect Capital InterNotes® (Note 7)     $ 94,165 $ 13,333