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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Investment Income      
Total investment income from non-controlled, non-affiliated investments $ 1,582,094 $ 1,202,004 $ 1,021,403
Expenses      
Interest expense 436,306 307,539 219,132
Management fees 191,622 188,755 178,472
Performance based incentive fees 159,857 118,091 103,968
Professional fees 15,532 14,709 15,071
Directors’ fees 1,280 1,092 1,021
Other general and administrative 11,127 9,290 9,593
Total Operating Expenses 815,724 639,476 527,257
Net Investment Income (Loss) Before Taxes 766,370 562,528 494,146
Income tax expense (benefit) 12,759 5,810 4,009
Net Investment Income (Loss) After Taxes 753,611 556,718 490,137
Net change in unrealized gain (loss):      
Net change in unrealized gain (loss) 91,743 (88,427) 192,381
Translation of assets and liabilities in foreign currencies 5,808 (2,118) (3,953)
Income tax (provision) benefit (4,605) (3,964) (8,604)
Total Net Change in Unrealized Gain (Loss) 92,946 (94,509) 179,824
Net realized gain (loss):      
Non-controlled, non-affiliated investments (52,003) 5,171 (46,332)
Foreign currency transactions (1,242) (1,025) 1,253
Total Net Realized Gain (Loss) (53,245) 4,146 (45,079)
Total Net Realized and Change in Unrealized Gain (Loss) 39,701 (90,363) 134,745
Net Increase (Decrease) in Net Assets Resulting from Operations $ 793,312 $ 466,355 $ 624,882
Earnings per share, basic (in usd per share) $ 2.03 $ 1.18 $ 1.59
Earnings per share, diluted (in usd per share) $ 2.03 $ 1.18 $ 1.59
Weighted average shares outstanding, basic (in shares) 390,104,585 394,006,852 392,297,907
Weighted-average shares outstanding, diluted (in shares) 390,104,585 394,006,852 392,297,907
Investment income from non-controlled, non-affiliated investments:      
Investment Income      
Interest income $ 1,209,536 $ 931,870 $ 887,753
Payment-in-kind (“PIK”) interest income 169,763 113,256 53,185
Dividend income 72,936 52,422 28,052
Other income 14,755 18,514 25,845
Total investment income from non-controlled, non-affiliated investments 1,466,990 1,116,062 994,835
Net change in unrealized gain (loss):      
Net change in unrealized gain (loss) 90,497 (133,980) 148,300
Net realized gain (loss):      
Non-controlled, non-affiliated investments (52,003) 5,171  
Non-controlled, affiliated investments      
Investment Income      
Dividend income 252 0 0
Other income 0    
Total investment income from non-controlled, non-affiliated investments 252 0 0
Net change in unrealized gain (loss):      
Net change in unrealized gain (loss) 1,033 (49) 0
Investment income from controlled, affiliated investments:      
Investment Income      
Interest income 20,174 8,206 5,531
Payment-in-kind (“PIK”) interest income 1,934 0 0
Dividend income 91,802 77,047 20,394
Other income 942 689 643
Total investment income from non-controlled, non-affiliated investments 114,852 85,942 26,568
Net change in unrealized gain (loss):      
Net change in unrealized gain (loss) $ 213 $ 45,602 $ 44,081