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Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Investment income        
Payment-in-kind interest income $ 10,177 $ 9,587 $ 33,805 $ 27,270
Total investment income 171,271 154,720 500,271 438,550
Expenses        
Interest and other debt financing expenses 60,116 39,487 145,801 109,988
Base management fee 14,362 18,997 41,980 56,747
Incentive fee 14,400 18,857 56,311 52,844
Professional fees 1,486 1,225 4,136 3,753
Administrative service fee 2,090 2,049 6,480 6,182
General and administrative expenses 370 327 1,135 957
Total expenses 92,824 80,942 255,843 230,471
Incentive fee waived (Note 3) (14,400) 0 (19,557) 0
Net expenses 78,424 80,942 236,286 230,471
Net investment income - before tax 92,847 73,778 263,985 208,079
Excise and income tax 125 0 1,195 2,432
Net investment income - after tax 92,722 73,778 262,790 205,647
Net realized gain (loss) from:        
Non-controlled company investments     (49,505) (46,555)
Foreign currency transactions (6,206) 1,141 (1,560) (28)
Forward currency contracts 624 2,021 624 3,192
Net realized gain (loss) on investment transactions (37,719) (41,923) (50,441) (43,391)
Net change in unrealized appreciation (depreciation) from:        
Company investments     (35,609) (5,089)
Translation of assets and liabilities in foreign currencies 3,709 3,399 (260) 21,857
Net change in unrealized appreciation (depreciation) on investment transactions (45,941) 41,050 (34,280) (5,558)
Net gain (loss) on investment transactions (83,660) (873) (84,721) (48,949)
(Provision) benefit for taxes on realized gains on investments 0 0 0 (207)
(Provision) benefit for taxes on unrealized appreciation on investments 190 78 517 576
Net increase (decrease) in net assets resulting from operations $ 9,252 $ 72,983 $ 178,586 $ 157,067
Per Common Share Data        
Basic earnings per common share (in dollars per share) $ 0.05 $ 0.43 $ 0.99 $ 0.92
Diluted earnings per common share (in dollars per share) 0.05 0.43 0.99 0.92
Dividends and distributions declared per common share (in dollars per share) $ 0.50 $ 0.33 $ 1.40 $ 0.99
Basic weighted average common shares outstanding (in shares) 199,969,889 169,980,131 180,047,668 170,570,633
Diluted weighted average common shares outstanding (in shares) 199,969,889 169,980,131 180,047,668 170,570,633
Forward currency contracts        
Net change in unrealized appreciation (depreciation) from:        
Forward currency contracts $ 2,972 $ (5,431) $ 1,589 $ (22,326)
Non-controlled/non-affiliate company investments        
Investment income        
Interest income 153,899 140,169 447,809 396,237
Payment-in-kind interest income 9,036 9,248 30,096 24,654
Dividend income 5,705 4,058 14,445 12,097
Fee income 665 275 1,482 1,790
Total investment income 169,305 153,750 493,832 434,778
Net realized gain (loss) from:        
Non-controlled company investments (32,137) (44,158) (30,988) (45,948)
Net change in unrealized appreciation (depreciation) from:        
Company investments (53,214) 44,697 (34,523) 10,577
Non-controlled affiliate company investments        
Investment income        
Interest income 795 639 2,625 1,167
Payment-in-kind interest income 1,033 241 3,392 2,330
Fee income 26 16 92 59
Total investment income 1,854 896 6,109 3,556
Net realized gain (loss) from:        
Non-controlled company investments 0 0 (18,517) 320
Net change in unrealized appreciation (depreciation) from:        
Company investments 396 (2,457) 25 (15,929)
Controlled affiliate company investments        
Investment income        
Interest income [1] 0 (28) 0 (83)
Payment-in-kind interest income 108 98 317 286
Fee income 4 4 13 13
Total investment income from controlled affiliate company investments 112 74 330 216
Net realized gain (loss) from:        
Non-controlled company investments 0 (927) 0 (927)
Net change in unrealized appreciation (depreciation) from:        
Company investments $ 196 $ 842 $ (1,111) $ 263
[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.