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Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
Investment income        
Payment-in-kind interest income $ 9,164 $ 4,613 $ 17,683 $ 8,943
Total investment income 146,953 85,961 283,830 172,528
Expenses        
Interest and other debt financing expenses 36,256 19,275 70,501 37,111
Base management fee 18,688 18,019 37,750 35,520
Incentive fee 17,976 4,362 33,987 7,743
Professional fees 1,320 729 2,528 1,628
Administrative service fee 1,958 1,640 4,133 3,458
General and administrative expenses 317 400 630 742
Total expenses 76,515 44,425 149,529 86,202
Base management fee waived 0 (1,904) 0 (1,904)
Net expenses 76,515 42,521 149,529 84,298
Net investment income - before tax 70,438 43,440 134,301 88,230
Excise tax 232 0 2,432 0
Net investment income - after tax 70,206 43,440 131,869 88,230
Net realized gain (loss) from:        
Net realized (gain) loss on investments     (1,470) 14,176
Foreign currency transactions 17 227 (1,169) 744
Forward currency contracts 708 0 1,171 0
Net realized gain (loss) on investments and foreign currency transactions (4,762) 372 (1,468) 14,920
Net change in unrealized appreciation (depreciation) from:        
Debt and equity securities, unrealized gain (loss)     (48,171) 30,716
Translation of assets and liabilities in foreign currencies 2,561 (4,663) 18,458 (5,460)
Forward currency contracts (2,447)   (16,895) 2,137
Net change in unrealized appreciation (depreciation) on investment transactions (6,986) 23,158 (46,608) 27,393
Net gain (loss) on investment transactions (11,748) 23,530 (48,076) 42,313
(Provision) benefit for taxes on realized gain on investments 0 0 (207) 0
(Provision) benefit for taxes on unrealized appreciation on investments 45 (97) 498 (592)
Net increase (decrease) in net assets resulting from operations $ 58,503 $ 66,873 $ 84,084 $ 129,951
Per Common Share Data        
Diluted earnings per common share (in dollars per share) $ 0.34 $ 0.39 $ 0.49 $ 0.76
Basic earnings per common share (in dollars per share) 0.34 0.39 0.49 0.76
Dividends and distributions declared per common share (in dollars per share) $ 0.33 $ 0.30 $ 0.66 $ 0.60
Diluted weighted average common shares outstanding (in shares) 170,835,435 170,866,740 170,865,883 170,452,256
Basic weighted average common shares outstanding (in shares) 170,835,435 170,866,740 170,865,883 170,452,256
Non-controlled/non-affiliate company investments        
Investment income        
Interest income $ 132,390 $ 80,281 $ 256,068 $ 160,404
Payment-in-kind interest income 8,323 4,271 15,406 8,370
Dividend income 3,906 3 8,039 320
Fee income 1,028 219 1,515 1,228
Total investment income 145,647 84,774 281,028 170,322
Net realized gain (loss) from:        
Net realized (gain) loss on investments (5,487) 145 (1,790) 15,202
Net change in unrealized appreciation (depreciation) from:        
Debt and equity securities, unrealized gain (loss) (723) 28,920 (34,120) 35,458
Non-controlled affiliate company investments        
Investment income        
Interest income 482 872 528 1,688
Payment-in-kind interest income 746 294 2,089 495
Fee income 5 0 43 0
Total investment income 1,233 1,166 2,660 2,183
Net realized gain (loss) from:        
Net realized (gain) loss on investments 0 0 320 (1,026)
Net change in unrealized appreciation (depreciation) from:        
Debt and equity securities, unrealized gain (loss) (5,491) (1,798) (13,472) (891)
Controlled affiliate company investments        
Investment income        
Interest income [1] (27) (27) (55) (55)
Payment-in-kind interest income 95 48 188 78
Fee income 5 0 9 0
Total investment income 73 21 142 23
Net realized gain (loss) from:        
Net realized (gain) loss on investments     0  
Net change in unrealized appreciation (depreciation) from:        
Debt and equity securities, unrealized gain (loss) $ (886) $ (1,157) $ (579) $ (3,851)
[1] Negative interest income amounts are due to amortization of the GCIC acquisition purchase premium. Refer to Note 2 for additional details on the GCIC acquisition purchase premium.