BBDC Stock Balance Sheets

Barings BDC Quarterly Balance Sheets Chart

Quarterly

Annual

Cash and Cash Eq

Barings BDC Quarterly Balance Sheets Table

Quarterly

Annual

Unit: USD	2025-06-30	2025-03-31	2024-12-31	2024-03-31	2023-09-30	2023-06-30	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-06-30	2019-03-31	2018-06-30	2018-03-31	2017-09-30	2017-06-30	2017-03-31	2016-09-30	2016-06-30	2016-03-31	2015-09-30	2015-06-30	2015-03-31	2014-09-30	2014-06-30	2014-03-31	2013-09-30	2013-06-30	2013-03-31	2012-09-30	2012-06-30	2012-03-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31

assets:
investments at fair value:
non-control / non-affiliate investments	2,128,553,000	2,077,039,000	1,972,373,000	2,015,336,000	2,044,426,000	2,053,044,000	1,915,108,000	1,928,010,000	1,917,558,000	1,490,112,663	1,355,088,125	1,414,823,146	1,401,742,025	1,325,783,281	886,610,176	960,061,063	964,896,944	1,161,189,262	1,126,969,755	679,265,155	788,115,373	908,181,226	956,156,761	922,229,496	748,363,034	717,643,399	740,511,577	712,063,003	662,866,063	651,682,278	683,606,374	612,117,936	578,923,349	519,185,426	537,770,803	587,495,700				355,987,618					183,794,529					140,399,949		126,979,495		79,704,224
affiliate investments	409,706,000	408,937,000	397,236,000	409,085,000	382,346,000	345,990,000	300,258,000	322,321,000	364,753,000	288,068,788	222,999,987	126,432,371	100,429,674	78,598,633	19,158,075	15,933,845	6,396,590	5,000,210		153,530,254	136,933,857	146,607,453	190,754,277	192,981,537	170,111,172	183,475,354	173,842,446	230,108,814	197,281,194	213,255,812	146,887,741	110,910,292	97,897,491	108,028,880	109,258,133	123,444,532	128,065,635	116,191,443	101,197,149	101,105,447	90,921,038	63,438,848	55,661,878	35,987,510	35,048,700	39,467,209	45,735,905	49,780,689	33,012,463	33,744,178	33,894,556	33,725,587	32,661,279	29,866,379	25,041,093	13,946,303	17,393,567	10,388,346
control investments	85,623,000	85,252,000	79,663,000	103,116,000	94,863,000	106,958,000	117,126,000	138,745,000	121,114,000	22,412,501	24,394,808	23,279,660	26,386,362	25,855,796						25,610,000	38,936,000	36,403,000	22,401,769	17,997,769	29,257,769	29,704,233	25,622,233	25,927,233	24,751,233	12,473,000	11,128,000	13,248,925	13,189,579	3,261,887	3,068,541	4,585,685	5,216,666	5,777,993	6,818,996	7,287,251	7,641,249	30,011,421	24,936,571	23,755,121	22,471,048	21,015,301	17,300,171	11,093,125	11,025,921	12,066,784	12,497,858	17,058,874	18,411,040	17,821,613	20,254,844	18,483,136	15,277,748	2,657,884
total investments at fair value	2,623,882,000	2,571,228,000	2,449,272,000	2,527,537,000	2,521,635,000	2,505,992,000	2,332,492,000	2,389,076,000	2,403,425,000	1,800,593,952	1,652,482,920	1,575,109,373	1,602,123,737	1,495,795,937	1,116,271,641	1,034,041,032	1,071,753,340	1,200,612,963	1,189,384,128	858,405,409	963,985,230	1,091,191,679	1,169,312,807	1,133,208,802	947,731,975	930,822,986	939,976,256	968,099,050	884,898,490	877,411,090	841,622,115	736,277,153	690,010,419	630,476,193	650,097,477	715,525,917	631,309,953	598,403,874	544,435,197	464,380,316	409,399,685	384,186,630	325,990,593	240,578,399	241,314,277	210,476,758	201,317,970	188,391,036	176,495,277	186,210,911	182,105,291	177,763,956	165,983,562	127,392,216	114,374,218	95,878,851	84,328,042	54,091,884
cash	39,963,000	87,600,000	74,381,000	48,777,000	33,118,000	63,410,000	96,655,000	138,092,000	106,400,000	49,987,222	30,248,388	21,559,624	21,168,184	62,651,340	7,112,312	18,453,504	7,458,729	12,926,602	3,056,609																																								31,397
foreign currencies	9,298,000	13,016,000	16,958,000	15,336,000	16,640,000	16,920,000	40,668,000	59,678,000	48,031,000	34,266,378	11,137,184	9,144,010	19,346,907	29,836,121	7,675,046
interest and fees receivable	41,811,000	37,822,000	39,914,000	41,672,000	47,268,000	46,582,000	60,114,000	77,235,000	43,096,000	33,644,942	24,997,260	26,718,726	19,637,124	21,617,843	7,749,841	6,493,056	6,575,093	5,208,059	5,247,730								6,783,399	5,585,320	6,834,561	7,205,672	4,491,235	4,069,696	3,705,941	3,885,283	4,179,016	4,131,647	3,969,957	4,447,983	2,745,074	2,328,572	1,579,634	1,400,613	867,627	603,892	1,051,665	1,240,315	676,961	365,532	520,411	468,625	679,828	268,488	459,990	404,084	305,159	304,831	129,207	181,601
prepaid expenses and other assets	463,000	1,541,000	1,745,000	3,254,000	2,237,000	1,576,000	1,191,000	14,180,000	2,662,000	4,297,383	1,785,731	2,318,215	1,123,361	2,014,558	3,831,057	857,173	1,984,055	1,318,240	2,885,001
credit support agreements	51,200,000	67,800,000	63,450,000	51,450,000	54,200,000	60,650,000	49,480,000	46,040,000	59,400,000
derivative assets	3,361,000	3,708,000	24,816,000	5,011,000	8,240,000	2,644,000
deferred financing fees	7,807,000	8,254,000	8,697,000	3,490,000	4,411,000	4,859,000	3,603,000	3,982,000	4,102,000	2,984,872	3,144,557	3,475,563	3,802,971	4,110,564	4,440,269	4,705,974	5,032,860	6,001,589	6,472,994	4,673,000	4,931,031	5,439,945	5,372,998	3,001,250	2,897,224	3,093,052	3,287,455	3,672,028	3,682,831		10,639,376	10,263,133	10,665,772	11,441,030	11,828,830	11,521,363	8,635,658	8,314,210	8,485,166	6,741,219	6,904,285	6,414,292	6,200,254	4,355,344	4,668,738	3,444,061	3,540,492	3,470,600	3,367,100	3,454,749	3,545,410	3,106,419	2,716,415	1,752,488	999,159	998,746	1,027,261	1,055,369
receivable from unsettled transactions	15,522,000	340,000	16,427,000	2,159,000	53,961,000	27,780,000	46,880,000	101,195,000	182,294,000	219,731,592	61,438,187	153,721,772	47,911,907	47,412,382	75,486,443	575,630	4,138,890	115,302	4,124,686
total assets	2,793,307,000	2,791,309,000	2,695,660,000	2,698,686,000	2,741,710,000	2,730,413,000	2,646,988,000	2,829,478,000	2,849,410,000	2,160,906,341	1,799,534,233	1,806,347,289	1,727,114,191	1,677,038,745	1,222,566,609	1,065,126,369	1,096,942,967	1,226,182,755	1,211,171,148	1,093,294,587	1,187,114,769	1,189,298,950	1,250,870,713	1,234,263,231	1,127,745,188	1,070,294,615	1,016,167,651	1,031,487,510	1,013,725,812	997,111,772	941,506,420	830,871,021	798,769,932	806,663,110	783,799,749	768,870,920	704,532,190	705,351,306	698,710,332	559,457,206	486,732,343	465,819,038	388,045,494	319,910,659	292,221,114	258,806,175	261,051,300	225,952,263	216,565,212	207,904,017	213,667,161	197,231,404	188,067,528	143,798,855	136,179,326	131,911,581	129,550,997	127,467,667	1,052,043
liabilities:
accounts payable and accrued liabilities	3,943,000	3,409,000	5,567,000	2,156,000	1,709,000	1,856,000	8,986,000	12,300,000	10,444,000	2,340,624	2,710,698	2,723,517	2,528,070	6,045,443	1,373,856	1,213,146	5,620,633	5,852,451	6,039,494	8,904,672	7,286,501	5,540,240	3,589,695	3,301,982	4,636,217	3,374,178	2,238,206	5,297,604	3,417,774	3,113,643	3,800,689	3,216,190	1,743,559	7,128,708	4,451,101	1,707,249	4,885,429	2,719,650	1,510,224	2,661,947	2,273,598	927,738	2,268,898	1,627,793	1,141,368	1,030,064	2,222,177	1,450,875	1,023,659	809,372	1,608,909	1,116,926	737,742	643,633	1,144,222	740,300	470,460	560,144
interest payable	15,430,000	15,473,000	16,245,000	12,452,000	11,358,000	8,193,000	9,719,000	6,731,000	10,450,000	5,704,470	4,318,110	4,224,298	4,084,372	2,219,274	766,815	1,306,052	2,019,724	2,339,146	334,161	3,727,446	1,802,490	1,723,664	4,137,636	1,559,113	1,537,490	3,841,477	1,558,369	1,266,454	3,577,430	1,435,372	1,089,844	3,022,415	1,093,587	1,072,595	2,955,187	1,065,668	857,450	3,551,367	1,205,864	814,105	3,112,355	613,677	2,388,505	524,319	2,433,873	595,868	2,333,952	570,519	2,242,908	512,333	1,881,761	266,973	1,084,994	185,999	698,735	171,222	677,866	156,840
administrative fees payable	356,000	349,000	540,000	582,000	483,000	486,000	895,000	860,000	973,000	750,000	750,000	500,000	500,000	675,000	300,000	200,000
base management fees payable	8,193,000	8,019,000	7,888,000	8,279,000	8,315,000	8,134,000	8,267,000	7,381,000	5,872,000	5,422,322	5,273,797	4,891,372	3,929,251	3,413,270	3,375,262	3,616,787
incentive management fees payable	11,117,000	7,738,000	7,871,000	8,167,000	4,618,000	10,086,000	1,825,000		4,754,000	4,067,256	4,442,599	3,510,339	2,721,741
derivative liabilities	5,863,000	4,894,000	9,394,000	3,675,000	266,000	2,049,000		2,135,000	3,108,000		228,700	821,828	142,099
payable from unsettled transactions	4,189,000	47,075,000	7,380,000	336,000	424,000	135,000	18,768,000	14,594,000	21,195,000	26,785,566	59,063	2,872,973		1,548,578			13,862,282	2,970,000	636,179
borrowings under credit facility	547,313,000	497,268,000																		10,000,000	125,001,284	141,118,837	125,315,242	91,090,267	91,427,900	152,070,309	128,109,192	120,677,107	88,758,498	20,323,357	10,754,616	31,255,980	10,860,711	11,636,928			26,000,000
notes payable	1,021,059,000	1,018,281,000	1,011,831,000	1,010,811,000	720,187,000	719,790,000	718,592,000	718,222,000	717,841,000	717,556,296	374,265,334	374,222,921	374,181,388	224,335,666	49,534,479
total liabilities	1,617,463,000	1,602,506,000	1,505,306,000	1,486,810,000	1,543,486,000	1,522,816,000	1,418,927,000	1,576,603,000	1,531,854,000	1,418,975,578	1,054,712,668	1,062,219,728	999,231,444	959,234,221	696,589,668	574,653,175	651,198,059	643,103,050	627,009,834	434,988,094	545,603,067	558,905,534	542,925,739	505,055,942	508,389,979	572,043,943	511,819,737	515,753,833	498,909,031	477,496,324	394,056,844	385,096,605	360,138,908	365,397,605	352,707,720	346,557,618	285,829,585	290,191,749	286,567,067	228,012,731	229,932,010	216,600,540	207,566,335	141,481,838	158,411,756	129,112,815	131,952,108	121,736,076	122,284,850	120,095,277	122,241,998	102,062,077	93,061,235	49,561,111	42,706,973	36,711,522	36,948,326	36,737,031	1,050,646
commitments and contingencies
net assets:
common stock	105,000	105,000	105,000	106,000	107,000	107,000	109,000	110,000	111,000	65,316	65,316	65,316	65,316	65,316	47,962	47,962	48,289	50,314	50,691	48,051	48,025	47,741	47,746	47,681	40,405	33,630	33,576	33,321	33,272	33,226	32,906	27,940	27,904	27,678	27,600	27,563	27,320	27,289	27,263	22,715	18,625	18,570	14,929	14,885	12,074	11,935	11,703	9,828	8,333	7,047	6,917	6,917	6,917	6,804	6,804	6,804	6,733	6,687
additional paid-in capital	1,844,638,000	1,845,526,000	1,846,977,000	1,853,350,000	1,845,122,000	1,845,122,000	1,575,568,000	1,584,076,000	1,597,257,000	1,027,686,768	1,027,707,047	1,027,707,047	1,027,707,047	1,027,707,047	846,636,727	846,636,727	848,982,942	875,245,919	879,033,345	825,264,541	823,786,656	822,780,495	821,351,998	819,123,942	684,618,304	553,234,755	550,903,360	547,444,138																182,663,381	140,279,496	138,107,049		115,370,671	100,628,226	87,972,856		87,121,265	87,013,500	86,949,189		87,599,046	86,617,869	85,972,950	1,500
total distributable earnings	-668,899,000	-656,828,000	-656,728,000	-641,580,000	-647,005,000	-637,632,000	-347,616,000	-331,311,000	-279,812,000		-282,950,798	-283,644,802	-299,889,616		-320,707,748	-356,211,495	-403,286,323	-292,216,528	-294,922,722
total net assets	1,175,844,000	1,188,803,000	1,190,354,000	1,211,876,000	1,198,224,000	1,207,597,000	1,228,061,000	1,252,875,000	1,317,556,000	741,930,763	744,821,565	744,127,561	727,882,747	717,804,524	525,976,941	490,473,194	445,744,908	583,079,705	584,161,314	658,306,493	641,511,702	630,393,416	707,944,974	729,207,289	619,355,209	498,250,672	504,347,914	515,733,677	514,816,781	519,615,448	547,449,576	445,774,416	438,631,024	441,265,505	431,092,029	422,313,302	418,702,605	415,159,557	412,143,265	331,444,475	256,800,333	249,218,498	180,479,159	178,428,821	133,809,358	129,693,360	129,099,192	104,216,187	94,280,362	87,808,740	91,425,163	95,169,327	95,006,293	94,237,744	93,472,353	95,200,059	92,602,671	90,730,636
total liabilities and net assets	2,793,307,000	2,791,309,000	2,695,660,000	2,698,686,000	2,741,710,000	2,730,413,000	2,646,988,000	2,829,478,000	2,849,410,000	2,160,906,341	1,799,534,233	1,806,347,289	1,727,114,191	1,677,038,745	1,222,566,609	1,065,126,369	1,096,942,967	1,226,182,755	1,211,171,148	1,093,294,587	1,187,114,769	1,189,298,950	1,250,870,713	1,234,263,231	1,127,745,188	1,070,294,615	1,016,167,651	1,031,487,510	1,013,725,812	997,111,772	941,506,420	830,871,021	798,769,932	806,663,110	783,799,749	768,870,920	704,532,190	705,351,306	698,710,332	559,457,206	486,732,343	465,819,038	388,045,494	319,910,659	292,221,114	258,806,175	261,051,300	225,952,263	216,565,212	207,904,017	213,667,161	197,231,404	188,067,528	143,798,855	136,179,326	131,911,581	129,550,997	127,467,667
net asset value per share	11,180	11,290	11,290	11,440	11,250	11,340	11,280	11,410	11,860	11.36	11.4	11.39	11.14	10.99	10.97	10.23	9.23	11.59	11.52	13.7	13.36	13.2	14.83	15.29	15.33	14.82	15.02	15.48	15.47	15.64	16.64	15.95	15.72	15.94	15.62	15.32	15.33	15.21	15.12	14.59	13.79	13.42	12.09	11.99	11.08	10.87	11.03	10.6	11.31	12.46	13.22	13.76	13.73	13.85	13.74	13.99	13.75	13.57
borrowings under credit facilities			438,590,000	440,352,000	796,126,000	772,087,000	650,989,000	814,380,000	757,217,000	655,189,256	662,664,367	668,452,480	611,144,523	719,660,707	463,703,208	342,921,705	339,825,929	285,500,000	620,000,000
derivative asset							15,905,000
derivative liability							886,000
investment income:
interest income:
short-term investments											50,000,000	10,574,196	73,565,676	65,558,227	210,503,390	58,046,124	100,459,806	34,423,491	62,414,373
total interest income								40,784,000	32,069,000	102,439,082	24,622,330	26,819,189	25,214,241	65,620,891	15,217,547	15,295,679	17,674,402	19,074,824	18,034,014	20,036,039	21,941,273	24,239,937	25,845,236	24,112,508	20,954,875	21,110,058	21,760,639	22,594,607	21,231,746
dividend income:
total dividend income								7,246,000	7,693,000	8,879,156	2,866,668	394,901	71,500	2,603		2,603		4,711		401,232	190,262	194,985	1,084,248	281,229	411,701	650,796	-1,086,705	582,722	327,058
fee and other income:
total fee and other income								5,072,000	1,197,000	13,020,244	4,488,346	2,568,455	2,133,175	4,080,636	769,126	650,433	960,993	519,970	301,057	2,769,579	1,787,990	2,691,725	1,229,441	2,317,502	2,014,692	2,779,343	2,033,901	3,745,770	2,435,188
payment-in-kind interest income:
total payment-in-kind interest income								2,474,000	2,798,000	10,996,305	3,006,481	3,370,885	3,173,787	1,326,307	342,469	191,049	43,572			1,544,886	1,728,721	2,586,138	2,910,736	3,377,848	3,895,730	3,826,211	3,910,817	3,861,945	3,763,536	3,897,324	3,755,665	4,146,883	3,734,421	4,539,849	4,222,617	4,214,794									1,573,061
interest income from cash								16,000		587		58	528	631			631	2,183	4,687
total investment income								55,592,000	43,757,000	135,335,374	34,983,825	33,153,488	30,593,231	71,031,068	16,329,142	16,139,764	18,679,598	19,601,688	18,339,758	25,473,491	26,076,087	29,888,058	31,213,767	30,190,770	27,412,457	28,421,860	26,655,870	30,843,445	27,824,904	30,779,570	24,875,770	24,939,766	24,038,945	27,315,168	27,256,148	24,465,935	24,326,708	21,962,466	19,111,853	16,220,810	16,413,746	12,425,397	35,985,494	9,787,085	8,294,147	7,484,907	27,761,982	7,096,643	6,576,403	6,504,500	21,359,498	5,869,637	5,020,091	3,863,984	12,735,843	3,594,287	3,287,224	2,112,116
operating expenses:
interest and other financing fees								13,168,000	11,661,000	33,013,665	8,103,044	7,994,447	7,284,709	19,812,711	3,738,991	4,624,731	6,004,133	7,027,040	5,844,172	7,344,335	7,590,548	7,394,241	7,113,827	6,910,303	6,757,718	6,764,654	6,518,570	6,561,298	7,325,340	6,432,455	5,292,967	5,158,543	5,139,512				4,046,885	4,144,623
base management fee								7,381,000	5,872,000	19,516,741	5,273,797	4,891,372	3,929,251	14,317,693	3,375,262	3,616,787	3,912,373	3,130,955	2,450,995
incentive management fees									4,754,000	14,741,949	4,442,607	3,510,345	2,721,741
general and administrative expenses								3,269,000	2,455,000	9,095,185	2,281,825	2,199,666	2,301,434	5,793,880	1,254,723	1,369,117	1,400,614	1,922,165	1,968,860	4,224,631	1,668,509	1,019,192	1,173,572	1,210,621	859,785	1,221,821	1,088,724	5,764,151	4,333,379	6,577,536	4,166,165	5,122,875	5,056,092	5,537,980	5,994,702	4,120,958	4,403,469	3,767,420	3,607,267	2,927,465	3,436,474	2,397,523	7,689,015	1,840,794	1,797,889	1,854,812	6,448,999	1,538,693	1,508,882	1,719,266	6,254,096	1,467,866	1,522,626	1,348,333	3,894,240	1,048,690	1,094,092	548,164
total operating expenses								23,818,000	24,742,000	76,367,540	20,101,273	18,595,830	16,237,135	39,972,665	8,368,976	9,610,635	11,365,530	12,188,806	10,382,471	15,411,622	13,351,909	12,737,141	11,862,805	12,371,337	11,581,300	12,082,947	17,057,787	12,325,449	11,658,719	13,009,991	9,459,132	10,281,418	10,195,604	10,535,600
net investment income before taxes								31,774,000	19,015,000	58,967,834				31,058,403
income taxes, including excise tax expense									6,000	7,495				70,599
net investment income after taxes								31,774,000	19,009,000	58,960,339	14,857,019	14,557,658	14,374,134	30,987,804
credit support agreement										15,400,000	14,300,006	14,300,006	12,000,000	13,600,000
derivatives liabilities										1,159,788				1,336,283
total distributable loss										-285,821,321				-309,967,839
compensation expenses														48,381			48,410	108,646	118,444	3,842,656	4,092,852	4,323,708	3,575,406	4,250,413	3,963,797	4,096,472	9,450,493
net investment income											14,882,552	14,557,658	14,356,096		7,960,166	6,529,129	7,314,068	7,412,882	7,957,287	10,061,869	12,724,178	17,150,917	19,350,962	17,819,433	15,831,157	16,338,913	9,598,083	18,517,996	16,166,185	17,769,579	15,416,638	14,658,348	13,843,341	16,779,568	16,271,923	15,233,465	15,876,354	14,050,423	12,193,849	10,392,256	10,223,521	7,728,127	20,149,473	5,612,455	4,558,624	3,793,684	14,048,574	3,717,857	3,249,297	3,037,582	10,622,278	3,211,706	2,542,442	1,913,695	6,423,209	1,992,001	1,643,998	804,730
income taxes, including excise tax provision											25,533
income taxes, including excise tax benefit													-18,038
debt securitization															177,536,048	225,395,485	289,869,491	346,441,453
base management fee waived
net operating expenses														39,972,665
realized and unrealized gains on investments and foreign currency transactions:
net realized gains																-16,514,997		50,024		-37,246,974			5,169,552	-13,318,959	-11,211,455	3,937,396	586,214	-16,495,673	-17,066,405	3,264,371	5,031,548	11,690,527	63,648	1,024,150
net realized losses on investments															-19,477,823		-157,978		-129,775		-8,678,286
foreign currency transactions															-1,028,262	82,868	-144,394
net realized losses															-20,506,085		-302,372		-129,775		-7,255,160	-8,881,050
net unrealized appreciation															55,947,382	65,043,310	-119,396,053	1,852,007	25,397,188	42,990,830	9,053,425	-65,765,558		2,692,766	3,223,540	-13,589,232	2,231,800	15,456,612	-34,789,836	-49,259,661	-24,398,324	4,739,750	6,307,499	13,994,635
net unrealized appreciation (depreciation) on investments															58,091,432	66,453,899	-121,194,279			42,891,395		-64,867,824
net realized losses and unrealized appreciation (depreciation) on investments and foreign currency transactions															35,441,297	48,528,313	-119,698,425
loss on extinguishment of debt															-216,474	-306,202	-137,390	-85,356	-44,395										-1,394,017							-412,673	-624,768		-205,043
benefit from taxes															-7,362	-2,532		17,493	-17,992	-488,845	-50,790									-137,875		-586,788	-266,555										220,740		39,846	52,898	149,841				133,010
net increase in net assets resulting from operations															43,177,627	54,748,708	-112,521,747	9,247,050	33,162,313	15,316,880	14,471,653	-57,496,676	-2,027,746	7,193,240	7,879,673	6,686,827	12,427,258	17,872,372	12,175,588	8,353,942	-8,812,327	24,194,338	12,502,499	23,171,664	21,848,467	18,419,816	16,231,786	15,626,201	12,617,508	17,470,243	14,545,231	12,351,241	25,390,549	7,183,182	6,867,280	4,149,329	4,036,703	-778,659	-2,851,857	-583,357	7,638,501	2,476,346	2,848,507	765,391	8,813,098	3,366,681	2,230,084	1,065,835
net investment income per share—basic and diluted															0.17	0.14	0.15	0.15	0.16	0.21	0.27	0.36	0.41	0.42	0.42	0.49	0.29	0.56	0.49	0.54	0.51	0.53	0.5	0.61	0.59	0.56	0.58	0.52	0.49
net increase in net assets resulting from operations per share—basic and diluted															0.9	1.14	-2.3	0.18	0.65	0.32	0.3	-1.2	-0.04	0.17	0.21	0.2	0.37	0.54	0.37	0.25	-0.29	0.87	0.45	0.84	0.79	0.67	0.59	0.57	0.5
dividends/distributions per share:
total dividends/distributions per share															0.16	0.16	0.16	0.13	0.12		0.3	0.45	0.45	0.45	0.45	0.45	0.54	0.59	0.59
weighted-average shares outstanding—basic and diluted															47,961,753	47,977,481	48,887,393	50,473,640	51,157,646	48,041,540	47,898,859	47,743,990	47,695,007	42,743,469	38,115,449	33,584,466	33,480,346	33,274,586	33,234,532
net realized gains on investments																-16,597,865		50,024		-36,905,059
net realized losses:
realized and unrealized gains on investments and foreign currency borrowings:
foreign currency borrowings																				-341,915	1,423,126	-897,734	-524,975	-178,792	342,409	-59,268	-852,523	1,081,391	-312,322	1,173,707	501,364	-395,269	360,535	-11,274
net unrealized appreciation on investments																		1,852,007	25,397,188		10,016,840
net realized and unrealized appreciation on investments and foreign currency borrowings																		1,902,031	25,267,413
cash and cash equivalents																				216,487,786	207,911,913	81,003,756	64,999,516	90,603,276	168,336,823	124,929,733	64,162,614	53,034,307	117,547,039	111,763,958	84,012,141	79,593,085	90,838,247	160,020,438	117,131,063	37,041,674	60,110,779	93,727,621	142,514,158	85,449,077	68,242,549	73,420,711	54,820,222	74,087,213	44,885,473	43,272,690	55,200,421	33,414,295	35,918,700	17,432,238	27,193,287	15,931,088	18,706,661	15,611,011	21,787,750	35,789,724	45,148,032	72,791,346
interest, fees and other receivables																				11,395,287	7,806,038	9,744,381	9,155,222	5,494,514	6,966,478	9,425,610
prepaid expenses and other current assets																				2,279,370	2,413,115	1,827,994	1,933,748	1,848,178	1,690,182	1,903,714	1,833,905	977,569	646,272	615,625	643,796	592,716	3,473,128	785,992	509,768	593,736	451,017	401,771	470,126	508,278	554,905	338,094	119,151	240,009	261,749	349,163	286,790	276,297	226,845	295,045	95,325	113,367	160,989	177,962	47,477
property and equipment																				53,735	67,442	91,195	96,422	107,211	122,506	119,520	124,022	119,236	116,619	115,427	97,757	75,238	76,425	54,174	53,595	56,583	54,826	55,847	60,611	49,744	51,285	58,698	47,647	45,802	39,212	23,188	28,666	34,503	36,879	42,449	48,020	48,086	39,911	32,916	34,166	34,701	21,497	12,547
taxes payable																				126,587	126,587							54,152	54,152	56,002	428,033	408,686		40,249	234,796	234,796	307,000	203,893	203,893	6,307	6,307	6,307	197,979	49,573	52,348	31,933	59,178	24,899	24,899		30,436
deferred income taxes																				1,680,591	1,249,627	1,196,745	955,545	570,505	3,027,000	5,375,894	4,551,800	6,050,113	4,117,502	3,208,718	3,751,194	4,317,331	3,610,610	2,780,236	2,373,214	901,067	1,220,454	802,079	775,953	291,760	352,316	402,787	208,587	211,187	246,667	614,267	577,267	437,827	512,707	844,507	843,947	2,418,178	2,128,499	1,585,899	1,760,259
notes																				163,750,577	163,578,086	163,241,179	163,076,680	162,914,760	162,598,503	162,444,085	162,292,089	161,995,214	161,850,261	229,425,841	149,500,000	149,500,000	149,500,000	149,500,000	149,500,000	149,500,000
sba-guaranteed debentures payable																				246,798,221	246,558,492	246,084,869	245,850,941	245,619,315	245,162,869	244,938,000	213,070,081	220,413,189	220,171,914	219,933,391	224,732,468	193,376,003	193,330,441	193,238,889	193,193,422	193,148,838	183,559,252	213,914,760	213,871,133	224,193,394	224,149,934	214,607,244
net investment income in excess of distributions																				16,144,459	6,571,435
accumulated realized losses																				-129,385,757	-92,138,783	-41,242,051	-32,361,001	-37,530,553	-32,501,174	-21,289,719	-25,227,115
net unrealized depreciation																				-53,764,801	-96,755,631	-146,708,986	-80,943,428	-54,699,349	-39,355,763	-42,579,303	-28,990,071	-19,333,224
interest income from cash and cash equivalents																				721,755	427,841	175,273	144,106	101,683	135,459	55,452	37,218	58,401	67,376
net realized and unrealized gains on investments and foreign currency borrowings																				5,743,856	1,798,265			-10,626,193			2,818,014	-1,039,061	-2,596,580	-9,277,762	-24,106,526	10,122,778	-1,074,287	5,905,683
regular quarterly dividends/distributions																					0.3	0.45	0.45	0.45	0.45	0.45	0.54	0.54	0.54	0.54	0.54
net investment income in excess of (less than) distributions																						-4,483,783	-150,341
net realized and unrealized losses on investments and foreign currency borrowings																						-74,646,608	-21,074,527		-7,987,915	-9,651,836
tax benefit																						-985	-304,181		36,431
net unrealized depreciation:
investments																							-25,719,104	2,871,558	2,881,131	-13,529,964	3,084,323	14,375,221	14,782,147	-13,715,840	-29,639,438	-1,172,480	-1,498,470	4,892,807
investment income in excess of distributions																								2,265,568	6,553,437	8,851,309	7,628,164	13,665,361	6,138,723	10,976,071	13,283,742	6,132,527	7,134,163	10,432,313	8,098,018	6,714,859	7,501,895	6,475,047	6,054,619	5,860,838	5,400,419	3,347,637	3,365,548	195,415			1,070,452	1,902,083	2,205,265	2,320,044	2,115,157	4,589,197	3,848,381	3,526,071	1,738,797
supplemental dividends/distributions																												0.05	0.05	0.05	0.05
benefit for taxes																										-250	11,161	393,437			-122,439
net realized gains:
accumulated realized gains																												-26,075,919	-1,337,335	15,729,070	17,826,437	24,051,059	16,547,531	8,309,620
payable from unsettled transaction																													16,961,500
additional paid in capital																													544,771,957	542,136,742	540,704,815	410,823,140	408,613,927	408,501,259	406,567,839
loan interest, fee and dividend income:
total loan interest, fee and dividend income																														26,829,310	21,058,208	20,735,995	20,229,916	22,694,248	22,989,068	20,199,901	20,264,493	18,065,920	15,740,524	13,221,985	13,838,039	10,381,960	29,660,994	8,032,622	6,664,602	6,185,383	22,074,106	5,457,699	5,362,184	5,361,413	17,294,742	4,699,549	4,076,534	3,157,969	9,391,210	2,665,041	2,276,037	1,505,954
interest income from cash and cash equivalent investments																														52,936	61,897	56,888	74,608	81,071	44,463	51,240	78,500	156,049	109,858	94,489	85,973	101,149	344,642	67,501	56,484	83,298	613,057	203,792	136,911	67,761	302,970	57,661	69,514	137,432	1,823,519	508,652	634,521	359,168
dividends/distributions paid per share:
total dividends/distributions																														0.59	0.59
weighted-average number of shares outstanding—basic and diluted																														33,099,197	30,412,036	27,910,468	27,805,108	27,619,464	27,569,524	27,433,290	27,290,493	27,262,646	25,075,300
dividends per share																																0.54	0.54
capital gain distributions per share																																0.15	0.15
interest and other debt financing fees																																		4,997,620	4,989,523	5,111,512
non-control / non-affiliate																																		1,006,339
affiliate																																		17,811
control
income tax benefit																																		486,413		-20,303	-34,388		7,231	34,269		27,359		20,410				8,417
dividends declared per common share																																		0.54	0.54	0.54	0.52	0.5	0.47	0.44	0.44	0.42	1.61	0.41	0.41	0.41	1.62	0.41	0.4	0.4	1.44	0.35			0.98	0.26	0.15
accumulated realized gains on investments																																			7,285,470	3,825,722	6,235,321	4,633,796	1,011,649				-8,244,376	2,347,198	1,155,817	647,364	448,164	852,293	852,293	4,129	356,495
net unrealized appreciation of investments																																			9,113,102	6,996,306	6,095,941	6,682,878	8,729,247	6,707,047		6,336,058									1,109,808	4,019,479	4,756,115	4,374,300	5,396,183	5,880,157	4,646,491	4,060,405
expenses:
total expenses																																			10,984,225	9,232,470	8,450,354	7,912,043	6,918,004	5,828,554	6,190,225	4,697,270	15,836,021	4,174,630	3,735,523	3,691,223	13,713,408	3,378,786	3,327,106	3,466,918	10,737,220	2,657,931	2,477,649	1,950,289	6,312,634	1,602,286	1,643,226	1,307,386
net realized gain on investments – non-control / non-affiliate																																			2,428,668	578,782
net realized gain on investments – affiliate																																			3,321,999	1,274,000	785,132																			141,014
net realized gain on investments – control																																			-2,290,919
net unrealized appreciation (depreciation) of investments																																			2,116,796		-586,937				-2,323,001		1,740,303	358,936	1,840,049	209,343	-9,200,386	-13,918,688	-9,413,755	-2,495,336	-4,286,375	-736,636	381,815	-1,021,883	3,061,107	1,233,666	586,086
total net gain on investments																																			5,576,544	3,619,327	1,014,588	1,575,778																		1,374,680	586,086	261,105
additional paid-in-capital																																				404,748,852	398,842,128	397,340,547	396,320,487	316,103,812	248,967,897	247,760,609	183,602,755				136,769,259				87,836,786				86,949,189
non–control / non–affiliate investments																																					498,027,652	476,434,438	436,419,052																	63,449,412	51,656,727
senior notes																																					69,000,000	69,000,000	69,000,000
payment–in–kind interest income:
total payment–in–kind interest income																																					3,983,715
net realized gain on investments – non–control / non–affiliate																																					816,393
assets
liabilities
net assets
paid–in–kind interest income:
total paid–in–kind interest income																																						3,740,497	3,261,471																	420,594	376,666
net realized gain on investments—non control / non–affiliate																																						2,784,108
net realized gain on investments—control																																						838,039
net unrealized depreciation of investments																																						-2,046,369						-6,792,058	-7,150,994	-8,991,043				-3,605,144
interest and credit facility fees																																							3,087,820
amortization of deferred financing fees																																							222,917	202,518	212,382	309,763	796,994	469,394	99,630	96,431	363,818	90,500	87,649	90,661	255,273	64,596	56,028	40,141	112,660	28,515	28,108	27,108
total net gain on investments before income taxes																																							621,471	7,043,718	4,321,710	4,595,755	5,461,816	1,550,317	2,348,502	408,543	-9,862,030	-4,504,933	-6,070,255		-2,850,767	-685,547	381,815	-1,021,883	2,442,487
deferred revenue																																								45,218	37,500	42,787	37,500	47,500	37,500	37,500	75,000	112,500	37,500			50,000
accumulated realized gain on investments																																								2,750,063	4,736,393
paid-in-kind interest income:
total paid-in-kind interest income																																								2,904,336	2,489,734									1,075,326		1,112,427		568,583
interest expense																																								2,698,571	2,541,369	1,989,984	7,350,012	1,864,442	1,838,004	1,739,980	6,900,591	1,749,593	1,730,575	1,656,991	4,227,851	1,125,469	898,995	561,815	2,073,311	525,081	521,026	499,691
net realized gain on investments — non control / non-affiliate																																								1,011,649
net realized gain on investments — control																																								-2,997,979	12,153,170
net realized gain on investments — affiliate
net investment income per share — basic and diluted																																								0.52	0.55	0.46	1.58	0.46	0.38	0.32	1.63	0.41	0.41	0.43	1.54	0.46	0.37	0.28	0.95			0.12
net increase in net assets resulting from operations per share — basic and diluted																																								0.87	0.78	0.73	1.99	0.59	0.57	0.35	0.47	-0.09	-0.36	-0.08	1.11	0.36	0.41	0.11	1.31			0.16
weighted-average number of shares outstanding — basic and diluted																																								20,015,230	18,570,929	16,848,570	12,763,243	12,258,614	12,003,068	11,877,688	8,593,143	9,129,192	7,924,772	6,997,411	6,877,669	6,917,363	6,871,215	6,803,863	6,728,733			6,686,760
non-control/non-affiliate investments																																									310,837,398
net realized gain on investments — non control/non-affiliate																																									827,599
non—control / non—affiliate investments																																										290,736,361		180,835,768		149,994,248		127,517,222	132,456,893				114,911,243					41,045,654
accumulated realized losses on investments																																										-8,244,376										-567,531	-618,620	-618,620	-618,620
paid—in—kind interest income:
total paid—in—kind interest income																																										1,942,288						1,435,152	1,077,308				874,043					246,994
non – control / non – affiliate investments																																											245,392,144				138,281,894
dividends payable																																														4,893,183	4,774,534	4,029,456	3,333,177	2,819,065	2,766,945				2,041,159
sba guaranteed debentures payable																																											202,464,866	139,021,466	154,500,000	121,910,000	121,910,000	115,110,000	115,110,000	115,110,000	115,110,000	93,110,000	89,110,000	47,050,000	37,010,000	35,800,000	35,800,000	35,800,000
paid – in – kind interest income:
total paid – in – kind interest income																																											5,979,858
net realized gain on investments — non control / non — affiliate																																											-1,623,104
net realized loss on investment — affiliate																																											-3,855,769
net realized gain on investment — control																																																			2,828,747
capital gains distributions declared per common share																																											0.04				0.05
payment—in—kind interest income:
total payment—in—kind interest income																																												1,686,962		1,216,226
net realized gain on investments — non-control/non-affiliate																																												1,210,481
net realized gain on investment — affiliate																																												-19,100											141,014
distributions of capital gains declared per common share																																																		0.05
investment income in excess of (less than) distributions																																													-487,035	-81,945
net realized gains on investments — non-control/non-affiliate																																													-3,032,785				848,164
realized gain on investment — affiliate																																													3,541,238
realized gain on investments — non-control/non-affiliate																																														199,200
liabilities and net assets
non - control / non - affiliate investments																																															16,489,943				135,712,877				69,078,281
paid - in - kind interest income:
total paid - in - kind interest income																																															5,074,819				3,761,786				1,521,114
management fees																																																							232,423			232,423
net realized gain on investments — non control / non -affiliate																																															448,164				-1,393,139
income tax expense																																																	30,899	15,795		49,813	75,750	126,421	52,598
total net income on investments before income taxes																																																		-3,605,144
allocation of net increase in net assets resulting from operations to:
general partner
limited partners
income taxes payable																																																						95,580	52,598
short-term borrowings																																																				5,100,000
net realized gain on investment — non control / non-affiliate																																																				51,089
net realized loss on investment — non control / non—affiliate																																																										-1,464,224
deferred loan origination revenue																																																						-1,571,822	-1,368,603	-1,125,654	-1,172,366	-754,659
net realized loss on investment — non control / non-affiliate
deferred offering costs																																																											1,020,646
partners distribution payable
payable to triangle capital partners, llc																																																											30,000
general partner’s capital
limited partners’ capital
non - control/non - affiliate investments																																																							6,258,670
net realized gain on investments — non control/non - affiliate																																																							-759,634
prepaid expenses																																																								30,382	50,637	70,892
partners tax distribution payable																																																										220,047
accumulated undistributed net realized earnings																																																								1,714,052	1,331,578	690,594
net realized gain on investments – non control / non–affiliate
net investment income per share – basic and diluted																																																								0.3	0.25
net increase in net assets resulting from operations per share – basic and diluted																																																								0.5	0.33
weighted-average number of shares outstanding – basic and diluted																																																								6,735,177	6,687,773
receivable from triangle capital partners, llc																																																									18,687	18,687
liabilities and shareholder’s equity
accounts payable																																																											702,841
payable to triangle mezzanine fund lllp																																																											317,805
shareholder’s equity:
accumulated deficit																																																											-103
total shareholder’s equity																																																											1,397
total liabilities and shareholder’s equity																																																											1,052,043

We provide you with 20 years of balance sheets for Barings BDC stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as asset and liabilities, payables and receivables, long debts and short debts, cash and inventories, expenses and profits. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Barings BDC. Explore the full financial landscape of Barings BDC stock with our expertly curated balance sheets.

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