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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Investment Income        
Total investment income from non-controlled, non-affiliated investments $ 394,223 $ 273,286 $ 771,845 $ 537,447
Expenses        
Interest expense 110,017 67,347 213,972 128,726
Management fees 48,024 46,873 96,116 94,286
Performance based incentive fees 39,598 26,541 77,326 52,495
Professional fees 4,131 3,406 7,804 7,235
Directors’ fees 257 266 515 556
Other general and administrative 3,140 2,143 5,811 4,276
Total Operating Expenses 205,167 146,576 401,544 287,574
Net Investment Income (Loss) Before Taxes 189,056 126,710 370,301 249,873
Income tax expense (benefit), including excise tax expense (benefit) 2,380 1,586 5,765 2,394
Net Investment Income (Loss) After Taxes 186,676 125,124 364,536 247,479
Net change in unrealized gain (loss):        
Net change in unrealized gain (loss)     85,668 (238,306)
Translation of assets and liabilities in foreign currencies 1,360 (3,221) 2,570 (3,702)
Income tax (provision) benefit (2,415) 0 (2,696) 0
Total Net Change in Unrealized Gain (Loss) 8,937 (159,822) 85,542 (242,009)
Net realized gain (loss):        
Non-controlled, non-affiliated investments 118 (51) (52,365) 4,651
Foreign currency transactions (169) (197) (308) (1,082)
Total Net Realized Gain (Loss) (51) (248) (52,673) 3,569
Total Net Realized and Change in Unrealized Gain (Loss) 8,886 (160,070) 32,869 (238,440)
Net Increase (Decrease) in Net Assets Resulting from Operations $ 195,562 $ (34,946) $ 397,405 $ 9,039
Earnings per share, basic (in usd per share) $ 0.50 $ (0.09) $ 1.02 $ 0.02
Earnings per share, diluted (in usd per share) $ 0.50 $ (0.09) $ 1.02 $ 0.02
Weighted average shares outstanding, basic (in shares) 389,930,979 394,184,560 390,487,912 394,246,724
Weighted-average shares outstanding, diluted (in shares) 389,930,979 394,184,560 390,487,912 394,246,724
Investment income from non-controlled, non-affiliated investments:        
Investment Income        
Interest income $ 297,992 $ 206,103 $ 586,670 $ 414,704
Payment-in-kind interest income 44,803 26,748 87,858 49,159
Dividend income 17,607 9,685 35,440 21,413
Other income 7,243 5,538 10,207 9,386
Total investment income from non-controlled, non-affiliated investments 367,645 248,074 720,175 494,662
Net change in unrealized gain (loss):        
Net change in unrealized gain (loss) 3,869 (152,965) 69,292 (222,913)
Non-controlled, affiliated investments        
Investment Income        
Dividend income 177 0 177 0
Other income     0  
Total investment income from non-controlled, non-affiliated investments 177 0 177 0
Net change in unrealized gain (loss):        
Net change in unrealized gain (loss) (4) 0 (5) 0
Investment income from controlled, affiliated investments:        
Investment Income        
Interest income 5,553 1,854 8,227 3,627
Dividend income 20,662 23,195 42,688 38,833
Other income 186 163 578 325
Total investment income from non-controlled, non-affiliated investments 26,401 25,212 51,493 42,785
Net change in unrealized gain (loss):        
Net change in unrealized gain (loss) $ 6,127 $ (3,636) $ 16,381 $ (15,394)