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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Investment Income        
Total investment income from non-controlled, non-affiliated investments $ 399,022 $ 314,053 $ 1,170,867 $ 851,498
Expenses        
Interest expense 110,445 81,210 324,416 209,935
Management fees 47,796 46,886 143,911 141,172
Performance based incentive fees 40,314 31,134 117,640 83,630
Professional fees 3,890 3,788 11,697 11,022
Directors’ fees 445 276 960 832
Other general and administrative 3,349 2,381 9,158 6,656
Total Operating Expenses 206,239 165,675 607,782 453,247
Net Investment Income (Loss) Before Taxes 192,783 148,378 563,085 398,251
Income tax expense (benefit), including excise tax expense (benefit) 2,730 1,604 8,495 3,998
Net Investment Income (Loss) After Taxes 190,053 146,774 554,590 394,253
Net change in unrealized gain (loss):        
Net change in unrealized gain (loss)     106,470 (115,913)
Translation of assets and liabilities in foreign currencies (2,292) (3,807) 278 (7,510)
Income tax (provision) benefit (1,521) 0 (4,217) 0
Total Net Change in Unrealized Gain (Loss) 16,989 118,587 102,531 (123,423)
Net realized gain (loss):        
Non-controlled, non-affiliated investments     (52,129) 4,853
Foreign currency transactions (339) (135) (647) (1,218)
Total Net Realized Gain (Loss) (104) 66 (52,776) 3,635
Total Net Realized and Change in Unrealized Gain (Loss) 16,885 118,653 49,755 (119,788)
Net Increase (Decrease) in Net Assets Resulting from Operations $ 206,938 $ 265,427 $ 604,345 $ 274,465
Earnings per share, basic (in usd per share) $ 0.53 $ 0.67 $ 1.55 $ 0.70
Earnings per share, diluted (in usd per share) $ 0.53 $ 0.67 $ 1.55 $ 0.70
Weighted average shares outstanding, basic (in shares) 389,703,612 393,823,013 390,223,606 394,103,935
Weighted-average shares outstanding, diluted (in shares) 389,703,612 393,823,013 390,223,606 394,103,935
Investment income from non-controlled, non-affiliated investments:        
Investment Income        
Interest income $ 307,701 $ 240,601 $ 894,371 $ 655,303
Payment-in-kind (“PIK”) interest income 40,925 30,539 128,783 79,698
Dividend income 17,324 14,867 52,764 36,280
Other income 2,332 5,408 12,539 14,794
Total investment income from non-controlled, non-affiliated investments 368,282 291,415 1,088,457 786,075
Net change in unrealized gain (loss):        
Net change in unrealized gain (loss) 22,371 75,368 91,855 (147,545)
Net realized gain (loss):        
Non-controlled, non-affiliated investments 235 201 353 4,853
Non-controlled, affiliated investments        
Investment Income        
Dividend income 36 0 213 0
Other income     0  
Total investment income from non-controlled, non-affiliated investments 36 0 213 0
Net change in unrealized gain (loss):        
Net change in unrealized gain (loss) 507 0 502 0
Net realized gain (loss):        
Non-controlled, non-affiliated investments 0 0 (52,482) 0
Investment income from controlled, affiliated investments:        
Investment Income        
Interest income 5,717 2,140 13,944 5,767
Payment-in-kind (“PIK”) interest income 773 0 773 0
Dividend income 24,032 20,303 66,720 59,136
Other income 182 195 760 520
Total investment income from non-controlled, non-affiliated investments 30,704 22,638 82,197 65,423
Net change in unrealized gain (loss):        
Net change in unrealized gain (loss) $ (2,076) $ 47,026 $ 14,113 $ 31,632