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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash Flows from Operating Activities      
Net Increase (Decrease) in Net Assets Resulting from Operations $ 594,980 $ 793,312 $ 466,355
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:      
Purchases of investments, net (5,536,243) (2,268,603) (2,132,632)
Proceeds from investments and investment repayments, net 5,155,245 2,889,840 1,926,108
Net amortization/accretion of premium/discount on investments (68,198) (49,349) (41,712)
Payment-in-kind interest and dividends (245,116) (209,984) (147,758)
Net change in unrealized (gain) loss on investments 48,419 (91,743) 88,427
Net change in unrealized gain (loss) on interest rate swap attributed to unsecured notes 6,792 22,681 (84,779)
Net change in unrealized (gains) losses on translation of assets and liabilities in foreign currencies 925 (5,768) 2,514
Net realized (gain) loss on investments 60,626 52,003 (5,171)
Net realized (gain) loss on foreign currency transactions relating to investments 16,504 23 3,586
Amortization of debt issuance costs 30,661 26,849 30,076
Cash acquired in OBDC SLF LLC consolidation 62,461 0 0
Changes in operating assets and liabilities:      
(Increase) decrease in interest receivable 13,543 (4,175) (26,369)
(Increase) decrease in receivable from a controlled affiliate 6,008 (5,269) (13,756)
(Increase) decrease in prepaid expenses and other assets (14,321) 475 20,089
Increase (decrease) in management fee payable 1,347 128 813
Increase (decrease) in incentive fee payable (3,135) 7,755 5,220
Increase (decrease) in payables to affiliate (4,063) (2,516) 549
Increase (decrease) in accrued expenses and other liabilities 33,780 (20,048) 125,708
Net cash provided by (used in) operating activities 160,215 1,135,611 217,268
Cash Flows from Financing Activities      
Borrowings on debt 4,182,592 1,746,479 2,531,427
Payments on debt (3,799,219) (2,007,393) (2,220,889)
Debt issuance costs (33,532) (12,694) (15,484)
Repurchases of common stock 0 (34,058) (25,958)
Cash distributions paid to shareholders (655,558) (613,374) (488,422)
Net cash provided by (used in) financing activities (305,717) (921,040) (219,326)
Net increase (decrease) in cash and restricted cash, including foreign cash (restricted cash of $(4,680), $(9,353) and $74,939, respectively) (145,502) 214,571 (2,058)
Cash and restricted cash, including foreign cash, beginning of period (restricted cash of $87,067, $96,420 and $21,481, respectively) 659,658 445,087 447,145
Cash and restricted cash, including foreign cash, end of period (restricted cash of $82,387, $87,067 and $96,420, respectively) 514,156 659,658 445,087
Supplemental and Non-Cash Information      
Interest paid during the period 418,700 396,732 234,195
Distributions declared during the period 670,954 620,264 507,822
Reinvestment of distributions during the period 7,422 0 11,951
Distributions Payable 144,381 136,407 129,517
Taxes, including excise tax, paid during the period $ 6,139 $ 3,448 $ 3,913