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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Investment Income      
Payment-in-kind (“PIK”) interest income $ 175,646 $ 171,697 $ 113,256
Dividend income 36,179 37,309 26,120
Total Investment Income 1,596,758 1,582,094 1,202,004
Expenses      
Interest expense 464,915 436,306 307,539
Management fees 193,570 191,622 188,755
Performance based incentive fees 157,193 159,857 118,091
Professional fees 13,602 15,532 14,709
Directors’ fees 1,280 1,280 1,092
Other general and administrative 13,495 11,127 9,290
Total Operating Expenses 844,055 815,724 639,476
Net Investment Income (Loss) Before Taxes 752,703 766,370 562,528
Income tax expense (benefit), including excise tax expense (benefit) 11,646 12,759 5,810
Net Investment Income (Loss) After Taxes 741,057 753,611 556,718
Net change in unrealized gain (loss):      
Net change in unrealized gain (loss) (48,419) 91,743 (88,427)
Translation of assets and liabilities in foreign currencies (1,041) 5,808 (2,118)
Income tax (provision) benefit (709) (4,605) (3,964)
Total Net Change in Unrealized Gain (Loss) (50,169) 92,946 (94,509)
Net realized gain (loss):      
Net realized gain (loss) (60,626) (52,003) 5,171
Foreign currency transactions (9,511) (1,242) (1,025)
Total Net Realized Gain (Loss) (95,908) (53,245) 4,146
Total Net Realized and Change in Unrealized Gain (Loss) (146,077) 39,701 (90,363)
Net Increase (Decrease) in Net Assets Resulting from Operations $ 594,980 $ 793,312 $ 466,355
Earnings Per Share - Basic (in usd per share) $ 1.53 $ 2.03 $ 1.18
Earnings Per Share - Diluted (in usd per share) $ 1.53 $ 2.03 $ 1.18
Weighted Average Shares Outstanding - Basic (in shares) 390,068,596 390,104,585 394,006,852
Weighted Average Shares Outstanding - Diluted (in shares) 390,068,596 390,104,585 394,006,852
Investment income from non-controlled, non-affiliated investments:      
Investment Income      
Interest income $ 1,168,652 $ 1,209,536 $ 931,870
Payment-in-kind (“PIK”) interest income 172,852 169,763 113,256
Dividend income 78,482 72,936 52,422
Other income 22,451 14,755 18,514
Total Investment Income 1,442,437 1,466,990 1,116,062
Net change in unrealized gain (loss):      
Net change in unrealized gain (loss) (45,932) 90,497 (133,980)
Net realized gain (loss):      
Net realized gain (loss) (62,453) (52,003) 5,171
Investment income from non-controlled, affiliated investments:      
Investment Income      
Interest income 1,038 0 0
Payment-in-kind (“PIK”) interest income 1,128 0 0
Dividend income 932 252 0
Other income 40 0 0
Total Investment Income 3,138 252 0
Net change in unrealized gain (loss):      
Net change in unrealized gain (loss) 951 1,033 (49)
Net realized gain (loss):      
Net realized gain (loss) 1,827 0 0
Investment income from controlled, affiliated investments:      
Investment Income      
Interest income 30,308 20,174 8,206
Payment-in-kind (“PIK”) interest income 1,666 1,934 0
Dividend income 118,538 91,802 77,047
Other income 671 942 689
Total Investment Income 151,183 114,852 85,942
Net change in unrealized gain (loss):      
Net change in unrealized gain (loss) (3,438) 213 45,602
Net realized gain (loss):      
Net realized gain (loss) $ (25,771) $ 0 $ 0