Golub Capital BDC, Inc(NASDAQ:GBDC) 
Golub Capital BDC, Inc. is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors. The ...
Website: http://www.golubcapitalbdc.com
Founded: 2009
Sector: Financial Services
Industry: Asset Management
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At a glance:
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Annual
| Unit: USD | 2023-12-31 | 2023-06-30 | 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 | 2019-09-30 | 2015-09-30 | 2014-09-30 | 2013-09-30 |
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assets | ||||||||||||||||
investments, at fair value | ||||||||||||||||
non-controlled/non-affiliate company investments | 5,351,550,000 | 5,423,106 | 5,533,287,000 | 5,347,715,000 | 5,068,604,000 | 4,815,270,000 | 4,370,469,000 | 4,315,911,000 | 4,430,239,000 | 4,177,474,000 | 4,208,935,000 | 4,169,717,000 | 4,156,713,000 | 1,425,325,000 | 1,309,701,000 | 1,011,586,000 |
non-controlled affiliate company investments | 79,073,000 | 88,324 | 64,451,000 | 63,145,000 | 62,528,000 | 61,379,000 | 51,245,000 | 61,650,000 | 58,211,000 | 42,000,000 | 24,783,000 | 22,984,000 | 12,575,000 | 5,523,000 | 3,080,000 | 8,225,000 |
controlled affiliate company investments | 12,804,000 | 13,579 | 15,812,000 | 15,299,000 | 15,634,000 | 18,237,000 | 17,833,000 | 17,700,000 | 18,768,000 | 18,736,000 | 16,652,000 | 17,514,000 | 123,644,000 | 98,936,000 | 34,831,000 | 4,834,000 |
total investments, at fair value | 5,443,427,000 | 5,525,009 | 5,613,550,000 | 5,426,159,000 | 5,146,766,000 | 4,894,886,000 | 4,439,547,000 | 4,395,261,000 | 4,507,218,000 | 4,238,210,000 | 4,250,370,000 | 4,210,215,000 | 4,292,932,000 | |||
cash and cash equivalents | 70,691,000 | 85,096 | 81,444,000 | 130,453,000 | 180,203,000 | 175,593,000 | 154,323,000 | 75,919,000 | 26,500,000 | 24,569,000 | 29,266,000 | 23,705,000 | 6,463,000 | 5,468,000 | 5,135,000 | 16,309,000 |
foreign currencies | 5,967,000 | 6,628 | 3,755,000 | 5,716,000 | 2,480,000 | 5,497,000 | 2,607,000 | 1,185,000 | 527,000 | 567,000 | 1,173,000 | 654,000 | 54,000 | |||
restricted cash and cash equivalents | 96,761,000 | 79,314 | 34,891,000 | 35,749,000 | 117,144,000 | 61,824,000 | 76,141,000 | 106,105,000 | 242,783,000 | 157,566,000 | 87,584,000 | 92,736,000 | 76,370,000 | 92,016,000 | 74,808,000 | 38,408,000 |
interest receivable | 54,494,000 | 29,933 | 20,569,000 | 21,251,000 | 21,268,000 | 18,261,000 | 17,199,000 | 18,386,000 | 18,628,000 | 17,263,000 | 18,589,000 | 14,886,000 | 16,790,000 | 5,700,000 | 5,791,000 | 4,316,000 |
net unrealized appreciation on forward currency contracts | 9,226,000 | 10,007 | ||||||||||||||
other assets | 19,314,000 | 848 | 747,000 | 995,000 | 572,000 | 278,000 | 58,000 | 599,000 | 137,000 | 802,000 | 248,000 | 270,000 | 333,000 | 458,000 | 527,000 | 236,000 |
total assets | 5,699,880,000 | 5,736,835 | 5,770,195,000 | 5,624,964,000 | 5,480,437,000 | 5,164,915,000 | 4,698,609,000 | 4,605,288,000 | 4,802,568,000 | 4,444,284,000 | 4,391,720,000 | 4,347,146,000 | 4,394,863,000 | 1,641,050,000 | 1,443,388,000 | 1,091,656,000 |
liabilities | ||||||||||||||||
debt | 3,084,102,000 | 3,168,906 | 3,154,673,000 | 2,980,962,000 | 2,852,832,000 | 2,569,228,000 | 2,133,390,000 | 2,086,204,000 | 2,332,563,000 | 2,023,698,000 | 2,008,572,000 | 2,362,678,000 | 2,124,392,000 | 813,250,000 | 697,150,000 | 412,100,000 |
less unamortized debt issuance costs | -18,818,000 | -17,217 | 18,988,000 | 20,786,000 | 22,404,000 | 17,850,000 | 18,155,000 | 18,437,000 | 10,822,000 | 5,896,000 | 4,597,000 | 6,137,000 | 4,939,000 | |||
debt less unamortized debt issuance costs | 3,065,284,000 | 3,151,689 | 3,135,685,000 | 2,960,176,000 | 2,830,428,000 | 2,551,378,000 | 2,115,235,000 | 2,067,767,000 | 2,321,741,000 | 2,017,802,000 | 2,003,975,000 | 2,356,541,000 | 2,119,453,000 | |||
interest payable | 26,583,000 | 26,175 | 20,255,000 | 15,643,000 | 16,184,000 | 12,516,000 | 12,133,000 | 13,376,000 | 12,551,000 | 7,875,000 | 11,936,000 | 13,082,000 | 13,380,000 | 2,722,000 | 3,196,000 | 1,277,000 |
management and incentive fees payable | 35,241,000 | 37,854 | 19,743,000 | 20,929,000 | 20,799,000 | 12,247,000 | 15,131,000 | 15,998,000 | 17,330,000 | 17,347,000 | 17,518,000 | 18,500,000 | 12,884,000 | 11,754,000 | 8,451,000 | 5,579,000 |
accrued trustee fees | 231,000 | 153 | 173,000 | 207,000 | 57,000 | 66,000 | ||||||||||
accounts payable and other liabilities | 8,623,000 | 4,796 | 5,578,000 | 4,667,000 | 5,547,000 | 5,788,000 | 4,818,000 | 5,181,000 | 3,863,000 | 4,003,000 | 4,383,000 | 3,035,000 | 25,970,000 | |||
total liabilities | 3,135,962,000 | 3,220,917 | 3,182,509,000 | 3,001,415,000 | 2,872,958,000 | 2,582,223,000 | 2,151,698,000 | 2,106,157,000 | 2,360,441,000 | 2,048,091,000 | 2,041,667,000 | 2,391,158,000 | 2,172,009,000 | 830,180,000 | 710,649,000 | 433,420,000 |
commitments and contingencies | ||||||||||||||||
net assets | ||||||||||||||||
preferred stock, par value 0.001 per share... | ||||||||||||||||
common stock, par value 0.001 per share... | 171,000 | 170 | 171,000 | 171,000 | 171,000 | 170,000 | 169,000 | 168,000 | 167,000 | 167,000 | 167,000 | 134,000 | 133,000 | 51,000 | 47,000 | 43,000 |
paid in capital in excess of par | 2,661,797,000 | 2,659,884 | 2,677,424,000 | 2,677,424,000 | 2,676,967,000 | 2,664,251,000 | 2,652,474,000 | 2,638,801,000 | 2,624,608,000 | 2,624,608,000 | 2,631,233,000 | 2,330,839,000 | 2,310,610,000 | 790,713,000 | 720,479,000 | 652,669,000 |
distributable earnings | -98,050,000 | -144,136 | -89,909,000 | -54,046,000 | -69,659,000 | -81,729,000 | -105,732,000 | -139,838,000 | -182,648,000 | -228,582,000 | -281,347,000 | -374,985,000 | -87,889,000 | |||
total net assets | 2,563,918,000 | 2,515,918 | 2,587,686,000 | 2,623,549,000 | 2,607,479,000 | 2,582,692,000 | 2,546,911,000 | 2,499,131,000 | 2,442,127,000 | 2,396,193,000 | 2,350,053,000 | 1,955,988,000 | 2,222,854,000 | 810,870,000 | 732,739,000 | 658,236,000 |
total liabilities and total net assets | 5,699,880,000 | 5,736,835 | 5,770,195,000 | 5,624,964,000 | 5,480,437,000 | 5,164,915,000 | 4,698,609,000 | 4,605,288,000 | 4,802,568,000 | 4,444,284,000 | 4,391,720,000 | 4,347,146,000 | 4,394,863,000 | 1,641,050,000 | 1,443,388,000 | 1,091,656,000 |
number of common shares outstanding | 170,585,795,000 | 169,599,992 | 170,895,670,000 | 170,895,670,000 | 170,865,742,000 | 170,028,584,000 | 169,151,857,000 | 168,231,707,000 | 167,259,511,000 | 167,259,511,000 | 167,259,511,000 | 133,807,609,000 | 132,658,200,000 | 51,300,193,000 | 47,119,498,000 | 43,282,932,000 |
net asset value per common share | 15,030 | 14.83 | 15,140 | 15,350 | 15,260 | 15,190 | 15,060 | 14,860 | 14,600 | 14,330 | 14,050 | 14,620 | 16,760 | 15,800 | 15,550 | 15,210 |
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payable for investments purchased | 250 | 1,075,000 | 294,000 | 3,855,000 | ||||||||||||
restricted foreign currencies | 1,090,000 | 2,414,000 | 1,650,000 | 1,429,000 | 1,774,000 | 873,000 | 1,355,000 | 1,728,000 | 2,070,000 | 2,049,000 | 1,321,000 | |||||
cash collateral held at broker for forward currency contracts | 6,960,000 | 6,960,000 | 6,960,000 | 6,960,000 | 5,420,000 | 3,320,000 | 1,700,000 | 1,700,000 | 600,000 | |||||||
receivable from investments sold | 3,023,000 | 97,000 | 259,000 | |||||||||||||
unrealized appreciation on forward currency contracts | 14,149,000 | 2,227,000 | 371,000 | 90,000 | 720,000 | 931,000 | ||||||||||
investment income | ||||||||||||||||
from non-controlled/non-affiliate company investments: | ||||||||||||||||
interest income | 93,393,000 | 84,552,000 | 84,222,000 | 295,421,000 | 73,429,000 | 74,076,000 | 71,522,000 | 292,507,000 | 72,500,000 | 74,593,000 | 168,689,000 | 112,406,000 | 102,158,000 | 80,926,000 | ||
dividend income | 52,000 | 3,000 | 317,000 | 1,720,000 | 78,000 | 35,000 | 160,000 | 291,000 | 146,000 | 349,000 | 212,000 | 1,248,000 | 2,197,000 | |||
fee income | 1,042,000 | 219,000 | 1,009,000 | 4,955,000 | 1,433,000 | 1,153,000 | 907,000 | 1,760,000 | 668,000 | 157,000 | 1,279,000 | 2,265,000 | 3,259,000 | |||
total investment income from non-controlled/non-affiliate company investments | 94,487,000 | 84,774,000 | 85,548,000 | 302,096,000 | 74,940,000 | 75,264,000 | 72,589,000 | 294,558,000 | 73,168,000 | 74,896,000 | 170,317,000 | 114,883,000 | 106,665,000 | 83,123,000 | ||
from non-controlled affiliate company investments: | ||||||||||||||||
total investment income from non-controlled affiliate company investments | 1,105,000 | 1,166,000 | 1,017,000 | 5,041,000 | 827,000 | 935,000 | 1,475,000 | 2,576,000 | 449,000 | 228,000 | 762,000 | 396,000 | 628,000 | |||
from controlled affiliate company investments: | ||||||||||||||||
total investment income from controlled affiliate company investments | 34,000 | 21,000 | 2,000 | -12,000 | 2,000 | 2,000 | -18,000 | 1,819,000 | -407,000 | 1,219,000 | 5,085,000 | 2,465,000 | 23,000 | |||
total investment income | 95,626,000 | 85,961,000 | 86,567,000 | 307,125,000 | 75,769,000 | 76,201,000 | 74,046,000 | 298,953,000 | 73,210,000 | 75,124,000 | 172,298,000 | 119,968,000 | 109,526,000 | 83,774,000 | ||
expenses | ||||||||||||||||
interest and other debt financing expenses | 23,278,000 | 19,275,000 | 17,836,000 | 65,739,000 | 15,125,000 | 16,190,000 | 15,081,000 | 74,858,000 | 17,516,000 | 21,550,000 | 43,531,000 | 24,510,000 | 20,227,000 | 12,427,000 | ||
base management fee | 19,025,000 | 18,019,000 | 17,501,000 | 61,858,000 | 15,298,000 | 15,082,000 | 15,224,000 | 59,243,000 | 14,437,000 | 14,858,000 | 27,872,000 | 20,330,000 | 17,053,000 | 11,749,000 | ||
incentive fee | -4,096,000 | 4,362,000 | 3,381,000 | 3,214,000 | 942,000 | 2,004,000 | 13,831,000 | 3,081,000 | 3,847,000 | 8,902,000 | 10,226,000 | 10,128,000 | 9,844,000 | |||
professional fees | 1,039,000 | 729,000 | 899,000 | 3,992,000 | 1,034,000 | 1,201,000 | 837,000 | 4,727,000 | 1,324,000 | 1,045,000 | 2,636,000 | 2,942,000 | 2,451,000 | 2,200,000 | ||
administrative service fee | 1,980,000 | 1,640,000 | 1,818,000 | 7,227,000 | 1,856,000 | 2,000,000 | 1,602,000 | 6,037,000 | 1,613,000 | 1,446,000 | 2,682,000 | 2,372,000 | 2,527,000 | 2,625,000 | ||
general and administrative expenses | 472,000 | 400,000 | 342,000 | 1,423,000 | 391,000 | 478,000 | 291,000 | 1,198,000 | 171,000 | 432,000 | 603,000 | 591,000 | 605,000 | 534,000 | ||
total expenses | 41,698,000 | 44,425,000 | 41,777,000 | 143,453,000 | 33,704,000 | 35,893,000 | 35,039,000 | 159,894,000 | 38,142,000 | 43,178,000 | 86,226,000 | 60,971,000 | 52,991,000 | 39,379,000 | ||
base management fee waived | -1,904,000 | -4,000,000 | ||||||||||||||
net expenses | 41,698,000 | 42,521,000 | 139,453,000 | |||||||||||||
net investment income | 53,928,000 | 43,440,000 | 44,790,000 | 167,672,000 | 42,065,000 | 40,308,000 | 39,007,000 | 139,059,000 | 35,068,000 | 31,946,000 | 58,997,000 | 56,535,000 | 44,395,000 | |||
net gain on investment transactions | -38,044,000 | 23,530,000 | 18,783,000 | 173,151,000 | 40,828,000 | 51,007,000 | 55,432,000 | -84,187,000 | 107,075,000 | -260,910,000 | ||||||
net realized gain from: | ||||||||||||||||
foreign currency transactions | -123,000 | 51,000 | -25,000 | -5,419,000 | -398,000 | -1,117,000 | -778,000 | 20,000 | 1,000 | 169,000 | 174,000 | |||||
forward currency contracts | 1,080,000 | 1,856,000 | 281,000 | 1,154,000 | -546,000 | 1,121,000 | -3,892,000 | -949,000 | -211,000 | 2,296,000 | 133,000 | |||||
net realized gain on investment transactions | 2,511,000 | 372,000 | 14,548,000 | 7,905,000 | 5,607,000 | 54,000 | -2,392,000 | -18,660,000 | -4,924,000 | -11,670,000 | -4,442,000 | |||||
net change in unrealized appreciation (depreciation) from: | ||||||||||||||||
translation of assets and liabilities in foreign currencies | 11,315,000 | 3,337,000 | 268,000 | 3,917,000 | -893,000 | 1,372,000 | -1,374,000 | -2,728,000 | -1,222,000 | 3,626,000 | 685,000 | |||||
net change in unrealized appreciation (depreciation) on investment transactions | -40,555,000 | 23,158,000 | 4,235,000 | 165,246,000 | 35,221,000 | 50,953,000 | 57,824,000 | -65,527,000 | 111,999,000 | -249,240,000 | -100,209,000 | |||||
benefit from taxes on unrealized appreciation on investments | -478,000 | -97,000 | -543,000 | |||||||||||||
net increase in net assets resulting from operations | 15,406,000 | 66,873,000 | 63,078,000 | 340,280,000 | 82,893,000 | 91,315,000 | 94,439,000 | 54,872,000 | 142,143,000 | -228,964,000 | -18,579,000 | 70,791,000 | 65,388,000 | 46,520,000 | ||
per common share data | ||||||||||||||||
basic and diluted earnings per common share | 90 | 390 | 370 | 2,030 | 490 | 550 | 560 | 370 | 930 | -1,710 | 1,440 | 1,440 | 1,350 | |||
dividends and distributions declared per common share | 300 | 300 | 300 | 1,160 | 290 | 290 | 290 | 1,370 | 290 | 330 | 1,400 | 1,280 | 1,280 | 1,280 | ||
basic and diluted weighted-average common shares outstanding | 170,895,670,000 | 170,866,740,000 | 170,046,783,000 | 167,994,042,000 | 168,251,930,000 | 167,281,115,000 | 167,259,511,000 | 148,913,560,000 | 153,184,678,000 | 133,807,609,000 | 63,430,034,000 | 49,017,777,000 | 45,277,111,000 | 34,466,923,000 | ||
benefit for taxes on unrealized appreciation on investments | -495,000 | |||||||||||||||
unrealized depreciation on forward currency contracts | 4,381,000 | 3,835,000 | 4,956,000 | 1,064,000 | 115,000 | |||||||||||
net investment income - before excise tax | 86,072,000 | |||||||||||||||
excise tax | ||||||||||||||||
net investment income - after excise tax | 86,072,000 | |||||||||||||||
net change in unrealized appreciation (depreciation) on secured borrowings | 2,000 | 121,000 | -126,000 | |||||||||||||
net gain on investment transactions and secured borrowings | -104,651,000 | |||||||||||||||
basic and diluted earnings (deficit) per common share | -290 | |||||||||||||||
total investments at fair value | 1,529,784,000 | 1,347,612,000 | 1,024,645,000 | |||||||||||||
deferred financing costs | 7,624,000 | 9,515,000 | 7,742,000 | |||||||||||||
secured borrowings, at fair value | 355,000 | 389,000 | 8,809,000 | |||||||||||||
accounts payable and accrued expenses | 2,042,000 | 1,397,000 | 1,978,000 | |||||||||||||
undistributed net investment income | 4,230,000 | 3,627,000 | 2,725,000 | |||||||||||||
net unrealized appreciation (depreciation) on investments and secured borrowings | 15,134,000 | |||||||||||||||
net realized gain on investments | 742,000 | |||||||||||||||
net gain on investments and secured borrowings | 11,794,000 | 8,853,000 | 2,125,000 | |||||||||||||
net realized gains | 9,354,000 | 5,384,000 | -1,363,000 | |||||||||||||
net change in unrealized appreciation (depreciation) on investments: | ||||||||||||||||
net change in unrealized appreciation (depreciation) on investments | 2,438,000 | |||||||||||||||
payable for open trades | 3,677,000 | |||||||||||||||
net unrealized appreciation on investments and derivative instruments | 12,694,000 | 9,225,000 | ||||||||||||||
net realized loss on investments and derivative instruments | -4,108,000 | -6,426,000 | ||||||||||||||
derivative instruments | ||||||||||||||||
net unrealized appreciation | 3,348,000 | 3,614,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2023-12-31 | 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 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2013-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | ||||||||||||||||||||||
net increase in net assets resulting from operations | 75,776,000 | 15,406,000 | 66,873,000 | 63,078,000 | 71,633,000 | 82,893,000 | 91,315,000 | 94,439,000 | 94,645,000 | 142,143,000 | 18,289,000 | 14,177,000 | 20,639,000 | 19,470,000 | 18,288,000 | 17,861,000 | 15,172,000 | 28,162,000 | 6,520,000 | 5,876,000 | 5,962,000 | |
adjustments to reconcile net increase in net assets resulting from operations to net cash from operating activities: | ||||||||||||||||||||||
amortization of deferred debt issuance costs | 2,109,000 | 1,798,000 | 1,776,000 | 1,667,000 | 5,131,000 | 1,732,000 | 2,136,000 | 1,204,000 | 691,000 | 1,539,000 | ||||||||||||
accretion of discounts and amortization of premiums on investments | -3,673,000 | -1,786,000 | -1,108,000 | -640,000 | 53,000 | 1,515,000 | 3,202,000 | 4,624,000 | 4,054,000 | |||||||||||||
accretion of discounts and amortization of premiums on issued debt securities | 41,000 | 415,000 | 412,000 | 467,000 | ||||||||||||||||||
net realized (gain) loss on investments | -909,000 | -1,554,000 | -321,000 | -14,573,000 | -7,762,000 | -6,005,000 | -1,171,000 | 1,614,000 | 4,572,000 | 4,925,000 | ||||||||||||
net realized (gain) loss on foreign currency transactions | -187,000 | 123,000 | -51,000 | 25,000 | 3,126,000 | 398,000 | ||||||||||||||||
net realized (gain) loss on forward currency contracts | ||||||||||||||||||||||
net change in unrealized (appreciation) depreciation on investments | 9,304,000 | 63,792,000 | -17,965,000 | -3,686,000 | -11,965,000 | -36,660,000 | -48,460,000 | -63,090,000 | -63,664,000 | -113,432,000 | -7,819,000 | 2,869,000 | -662,000 | 863,000 | -4,829,000 | 417,000 | 1,111,000 | |||||
net change in unrealized (appreciation) depreciation on translation of assets and liabilities in foreign currencies | -6,187,000 | -11,315,000 | -3,337,000 | -268,000 | -4,812,000 | 893,000 | -1,372,000 | 1,374,000 | 1,982,000 | 1,222,000 | ||||||||||||
net change in unrealized (appreciation) depreciation on interest rate swap | -301,000 | |||||||||||||||||||||
net change in unrealized (appreciation) depreciation on forward currency contracts | 5,715,000 | -11,922,000 | -1,856,000 | -281,000 | -4,471,000 | 546,000 | -1,121,000 | 3,892,000 | 1,784,000 | 211,000 | ||||||||||||
proceeds from (fundings of) revolving loans | -235,000 | -1,863,000 | -666,000 | -336,000 | 1,171,000 | 3,751,000 | 3,337,000 | 3,911,000 | 11,180,000 | 10,669,000 | 2,057,000 | -5,195,000 | 514,000 | 1,500,000 | 1,396,000 | -4,351,000 | 90,000 | |||||
fundings of investments | -73,242,000 | -411,102,000 | -376,416,000 | -890,932,000 | -817,038,000 | -586,559,000 | -188,523,000 | -490,007,000 | -112,985,000 | -31,356,000 | -153,225,000 | -155,435,000 | -162,820,000 | -191,051,000 | -376,762,000 | -158,864,000 | -131,470,000 | -394,421,000 | ||||
proceeds from principal payments and sales of portfolio investments | 179,411,000 | 171,217,000 | 122,207,000 | 661,760,000 | 383,637,000 | 583,658,000 | 347,518,000 | 278,665,000 | 172,446,000 | 88,371,000 | 139,347,000 | 76,613,000 | 171,356,000 | 237,560,000 | 233,576,000 | 146,998,000 | 80,941,000 | 147,211,000 | 79,627,000 | 45,169,000 | 64,147,000 | |
proceeds from settlements of forward currency contracts | ||||||||||||||||||||||
payment-in-kind interest capitalized | -13,715,000 | |||||||||||||||||||||
non-cash dividends capitalized | -4,251,000 | |||||||||||||||||||||
changes in operating assets and liabilities: | ||||||||||||||||||||||
interest receivable | 3,560,000 | 682,000 | 17,000 | -3,007,000 | -1,062,000 | 1,187,000 | 242,000 | -1,365,000 | -3,703,000 | 314,000 | -140,000 | -181,000 | -232,000 | 479,000 | 238,000 | -394,000 | 208,000 | -393,000 | 13,000 | -238,000 | -38,000 | |
receivable from investments sold | 0 | 3,023,000 | -2,926,000 | -97,000 | 0 | 0 | 259,000 | |||||||||||||||
other assets | -12,390,000 | 248,000 | -423,000 | -294,000 | -220,000 | 541,000 | -462,000 | 665,000 | -554,000 | 22,000 | -314,000 | 83,000 | 103,000 | 108,000 | -91,000 | 103,000 | -51,000 | 404,000 | -356,000 | 227,000 | -56,000 | |
interest payable | 1,834,000 | 4,612,000 | -541,000 | 3,668,000 | 383,000 | -1,243,000 | 825,000 | 4,676,000 | -4,061,000 | -1,146,000 | 2,164,000 | -1,736,000 | 2,150,000 | -1,880,000 | 1,991,000 | -1,844,000 | 1,259,000 | -141,000 | 259,000 | -1,641,000 | 1,409,000 | -62,000 |
management and incentive fees payable | -36,000 | -1,186,000 | 130,000 | 8,552,000 | -2,884,000 | -867,000 | -1,332,000 | -17,000 | -171,000 | -982,000 | 1,745,000 | 24,000 | -2,188,000 | 3,072,000 | 1,524,000 | 1,305,000 | -2,598,000 | 767,000 | 27,000 | -103,000 | 685,000 | |
accrued trustee fees | -100,000 | 0 | 0 | 0 | -3,000 | 2,000 | -16,000 | 5,000 | 9,000 | -7,000 | ||||||||||||
accounts payable and other liabilities | 1,105,000 | 911,000 | -880,000 | -241,000 | 970,000 | -363,000 | 1,318,000 | -140,000 | -380,000 | 1,348,000 | ||||||||||||
net cash from operating activities | 163,629,000 | -186,371,000 | -207,290,000 | -181,734,000 | -386,701,000 | 41,954,000 | 203,571,000 | -164,872,000 | 102,135,000 | 105,256,000 | 12,836,000 | -74,566,000 | 23,017,000 | 67,405,000 | -120,315,000 | -9,493,000 | -40,847,000 | -189,742,000 | -66,754,000 | -3,124,000 | -37,987,000 | 20,952,000 |
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
free cash flows | 163,629,000 | -186,371,000 | -207,290,000 | -181,734,000 | -386,701,000 | 41,954,000 | 203,571,000 | -164,872,000 | 102,135,000 | 105,256,000 | 12,836,000 | -74,566,000 | 23,017,000 | 67,405,000 | -120,315,000 | -9,493,000 | -40,847,000 | -189,742,000 | -66,754,000 | -3,124,000 | -37,987,000 | 20,952,000 |
cash flows from financing activities | ||||||||||||||||||||||
borrowings on debt | 563,746,000 | 277,427,000 | 296,555,000 | 620,205,000 | 962,295,000 | 112,520,000 | 1,486,638,000 | 797,389,000 | 306,163,000 | 51,843,000 | 126,300,000 | 105,200,000 | 56,550,000 | 155,850,000 | 237,250,000 | 76,550,000 | 33,550,000 | 328,050,000 | 28,300,000 | 0 | 20,000,000 | |
repayments of debt | -629,508,000 | -92,611,000 | -165,500,000 | -336,800,000 | -524,758,000 | -66,750,000 | -1,733,207,000 | -491,339,000 | -293,547,000 | -408,118,000 | -104,300,000 | -74,200,000 | -60,750,000 | -165,700,000 | -168,600,000 | -36,750,000 | -16,050,000 | |||||
capitalized debt issuance costs | -5,314,000 | 0 | -158,000 | -6,221,000 | -4,826,000 | -1,450,000 | -9,751,000 | -6,130,000 | -1,990,000 | 1,000 | -574,000 | -1,007,000 | -73,000 | |||||||||
distributions paid | -59,736,000 | -39,336,000 | -37,358,000 | -38,291,000 | -35,852,000 | -35,114,000 | -34,310,000 | -33,846,000 | -33,659,000 | -17,817,000 | ||||||||||||
purchases of common stock for dividend reinvestment plan | ||||||||||||||||||||||
net cash from financing activities | -130,812,000 | 133,547,000 | 80,094,000 | 238,893,000 | 396,859,000 | 9,206,000 | -290,630,000 | 251,415,000 | -37,879,000 | -104,352,000 | 6,860,000 | 15,694,000 | -19,431,000 | -26,608,000 | 119,464,000 | 25,605,000 | 2,330,000 | 213,126,000 | 80,234,000 | -5,967,000 | 14,004,000 | 24,675,000 |
net change in cash and cash equivalents, foreign currencies and restricted cash and cash equivalents | 32,817,000 | |||||||||||||||||||||
effect of foreign currency exchange rates | 396,000 | -328,000 | 51,000 | -25,000 | -660,000 | -397,000 | -24,000 | 192,000 | 81,000 | 45,000 | ||||||||||||
cash and cash equivalents, foreign currencies and restricted cash and cash equivalents, beginning of period | 140,206,000 | |||||||||||||||||||||
cash and cash equivalents, foreign currencies and restricted cash and cash equivalents, end of period | 173,419,000 | |||||||||||||||||||||
supplemental disclosure of cash flow information: | ||||||||||||||||||||||
cash paid during the period for interest | 37,576,000 | 16,452,000 | 17,629,000 | 12,034,000 | 13,182,000 | 14,112,000 | 12,741,000 | 8,731,000 | 16,275,000 | 19,496,000 | 3,874,000 | 7,564,000 | 3,328,000 | 7,279,000 | 3,032,000 | 6,769,000 | 3,383,000 | 6,545,000 | 1,176,000 | |||
distributions declared for the period | 74,622,000 | |||||||||||||||||||||
supplemental disclosure of non-cash financing activities: | ||||||||||||||||||||||
stock issued in connection with dividend reinvestment plan | 14,886,000 | 0 | 457,000 | 12,717,000 | 13,203,000 | 13,674,000 | 0 | 0 | ||||||||||||||
cash and cash equivalents | 70,691,000 | -49,009,000 | -49,750,000 | 180,203,000 | 26,500,000 | |||||||||||||||||
foreign currencies | 5,967,000 | -1,961,000 | 3,236,000 | 2,480,000 | 527,000 | |||||||||||||||||
restricted cash and cash equivalents | 96,761,000 | -858,000 | -81,395,000 | 117,144,000 | 242,783,000 | |||||||||||||||||
total cash and cash equivalents, foreign currencies and restricted cash and cash equivalents shown in the consolidated statements of cash flows | 173,419,000 | |||||||||||||||||||||
non-cash dividends | ||||||||||||||||||||||
cash collateral held at broker for forward currency contracts | 0 | 0 | 0 | -1,540,000 | -2,100,000 | -1,620,000 | 0 | |||||||||||||||
payable for investments purchased | 1,075,000 | 0 | -294,000 | 9,005,000 | 0 | 0 | -5,328,000 | |||||||||||||||
purchases of common stock | ||||||||||||||||||||||
net change in cash and cash equivalents, foreign currencies, restricted cash and cash equivalents | ||||||||||||||||||||||
cash and cash equivalents, foreign currencies, restricted cash and cash equivalents, beginning of period | ||||||||||||||||||||||
cash and cash equivalents, foreign currencies, restricted cash and cash equivalents, end of period | ||||||||||||||||||||||
pik interest | -6,095,000 | -5,124,000 | -3,473,000 | -3,435,000 | -3,986,000 | -3,946,000 | -4,725,000 | -3,443,000 | -2,865,000 | -373,000 | -119,000 | -197,000 | -193,000 | -164,000 | -194,000 | -390,000 | ||||||
purchases of common stock under dividend reinvestment plan | -11,933,000 | 0 | 0 | |||||||||||||||||||
net change in cash and cash equivalents, foreign currencies, restricted cash and cash equivalents and restricted foreign currencies | -52,824,000 | -127,196,000 | 57,159,000 | 10,158,000 | 51,160,000 | -87,059,000 | 86,543,000 | 64,256,000 | 904,000 | |||||||||||||
cash and cash equivalents, foreign currencies, restricted cash and cash equivalents and restricted foreign currencies, beginning of period | 0 | 0 | 244,343,000 | 0 | 0 | 0 | 184,430,000 | 0 | 0 | |||||||||||||
cash and cash equivalents, foreign currencies, restricted cash and cash equivalents and restricted foreign currencies, end of period | -53,152,000 | -127,145,000 | 301,477,000 | 9,498,000 | 50,763,000 | -87,083,000 | 271,165,000 | 64,337,000 | 949,000 | |||||||||||||
distributions declared during the period | 51,269,000 | 51,260,000 | 51,008,000 | 49,055,000 | 48,787,000 | 48,505,000 | 48,505,000 | 48,505,000 | 48,505,000 | |||||||||||||
supplemental disclosure of non-cash operating and financing activities: | ||||||||||||||||||||||
proceeds from issuance of class a-2-r gcic 2018 notes | 0 | 0 | 0 | 38,500,000 | ||||||||||||||||||
redemptions of class a-2 gcic 2018 notes | 0 | 0 | 0 | -38,500,000 | ||||||||||||||||||
restricted foreign currencies | -1,324,000 | 764,000 | 1,650,000 | 1,355,000 | ||||||||||||||||||
total cash and cash equivalents, foreign currencies, restricted cash and cash equivalents and restricted foreign currencies shown in the consolidated statements of cash flows | -53,152,000 | -127,145,000 | 301,477,000 | 271,165,000 | ||||||||||||||||||
income tax paid during the period | ||||||||||||||||||||||
accretion of discounts on issued debt securities | 647,000 | 523,000 | 488,000 | 471,000 | 452,000 | |||||||||||||||||
cash acquired in merger | ||||||||||||||||||||||
purchase of slf and gcic slf minority interests, net of cash acquired | 0 | 0 | ||||||||||||||||||||
proceeds from other short-term borrowings | 0 | 0 | ||||||||||||||||||||
repayments on other short-term borrowings | 0 | 0 | ||||||||||||||||||||
net proceeds from issuance of common stock | 0 | |||||||||||||||||||||
noncash assets acquired in consolidation of slf and gcic slf | 0 | 0 | ||||||||||||||||||||
noncash liabilities assumed in consolidation of slf and gcic slf | 0 | 0 | ||||||||||||||||||||
dissolution of existing slf and gcic slf llc equity interests | 0 | 0 | ||||||||||||||||||||
acquisition of subsidiaries | ||||||||||||||||||||||
noncash assets acquired: | ||||||||||||||||||||||
investments, at cost | ||||||||||||||||||||||
total noncash assets purchased | ||||||||||||||||||||||
liabilities assumed: | ||||||||||||||||||||||
debt | ||||||||||||||||||||||
unrealized depreciation on forward currency contracts | ||||||||||||||||||||||
distributions payable | ||||||||||||||||||||||
total liabilities assumed | ||||||||||||||||||||||
issuance of common stock | ||||||||||||||||||||||
merger costs capitalized into purchase price | ||||||||||||||||||||||
net realized (gain) loss on foreign currency and other transactions | 778,000 | -5,000 | -1,000 | |||||||||||||||||||
purchases of common stock under reinvestment plan | -14,659,000 | -14,846,000 | ||||||||||||||||||||
proceeds from issuance of class a-1-r, class a-2-r, and class b-r 2014 notes | ||||||||||||||||||||||
redemptions of class a-1, class a-2, and class b 2014 notes | ||||||||||||||||||||||
accretion of discounts and amortization of premiums | -2,209,000 | -1,795,000 | -1,891,000 | -2,924,000 | -2,587,000 | -1,819,000 | -1,670,000 | |||||||||||||||
amortization of debt issuance costs | 977,000 | 1,001,000 | 1,249,000 | |||||||||||||||||||
net realized loss on investments | 5,416,000 | -178,000 | -4,978,000 | -4,851,000 | 1,746,000 | -4,523,000 | -1,726,000 | |||||||||||||||
net change in unrealized appreciation (depreciation) on secured borrowings | -1,000 | 0 | ||||||||||||||||||||
payable for open trades | 4,677,000 | |||||||||||||||||||||
accounts payable and accrued expenses | -303,000 | -312,000 | 323,000 | 100,000 | 390,000 | 84,000 | 71,000 | 859,000 | -252,000 | 447,000 | -149,000 | |||||||||||
cash flows from investing activities | ||||||||||||||||||||||
net change in restricted cash and cash equivalents | -21,864,000 | 57,336,000 | -2,183,000 | -41,816,000 | 4,270,000 | -18,784,000 | 39,122,000 | -3,864,000 | -13,229,000 | 11,568,000 | 4,153,000 | 951,000 | ||||||||||
net cash from investing activities | -21,864,000 | 57,336,000 | -2,183,000 | -41,816,000 | 4,270,000 | -18,784,000 | 39,122,000 | -3,864,000 | -13,229,000 | 11,568,000 | 4,153,000 | 951,000 | ||||||||||
repayments on secured borrowings | -8,000 | -12,000 | -9,000 | -8,000 | -9,000 | -8,000 | -9,000 | |||||||||||||||
proceeds from shares sold, net of underwriting costs | 0 | 221,436,000 | ||||||||||||||||||||
offering costs paid | 118,000 | -137,000 | ||||||||||||||||||||
dividends and distributions paid | -14,558,000 | -14,287,000 | -15,149,000 | -15,762,000 | -15,888,000 | -14,187,000 | -14,193,000 | -26,337,000 | -6,583,000 | -5,374,000 | -5,028,000 | |||||||||||
net change in cash and cash equivalents | -2,168,000 | -1,536,000 | 1,403,000 | -1,019,000 | 3,419,000 | -2,672,000 | 605,000 | 19,520,000 | 251,000 | 2,477,000 | -19,830,000 | 46,578,000 | ||||||||||
cash and cash equivalents, beginning of period | 0 | 0 | 5,468,000 | 0 | 0 | 0 | 5,135,000 | -47,328,000 | 0 | 0 | 61,219,000 | |||||||||||
cash and cash equivalents, end of period | -2,168,000 | -1,536,000 | 6,871,000 | -1,019,000 | 3,419,000 | -2,672,000 | 5,740,000 | -27,808,000 | 251,000 | 2,477,000 | 41,389,000 | |||||||||||
supplemental information: | ||||||||||||||||||||||
dividends and distributions declared during the period | 16,484,000 | 16,442,000 | 16,416,000 | -109,535,000 | 16,393,000 | 15,095,000 | 15,078,000 | -27,280,000 | -29,281,000 | 5,677,000 | 5,490,000 | |||||||||||
receivable for investments sold | 257,000 | -5,079,000 | 3,606,000 | -6,000,000 | -2,232,000 | -12,626,000 | -1,494,000 | -2,895,000 | ||||||||||||||
adjustments to reconcile net increase in net assets resulting from operations to net cash from operating activities | ||||||||||||||||||||||
amortization of deferred financing costs | 1,254,000 | 1,117,000 | 1,088,000 | 1,047,000 | 1,261,000 | 199,000 | 197,000 | 168,000 | ||||||||||||||
capitalized debt financing costs | -1,106,000 | -541,000 | 0 | -968,000 | -2,015,000 | -686,000 | 0 | -968,000 | ||||||||||||||
proceeds from secured borrowings | ||||||||||||||||||||||
net realized gain on derivative instruments | ||||||||||||||||||||||
net change in unrealized (appreciation) depreciation on derivative instruments | ||||||||||||||||||||||
proceeds from derivative instruments | ||||||||||||||||||||||
cash collateral on deposit with custodian | ||||||||||||||||||||||
net realized gain on investments | ||||||||||||||||||||||
(fundings of) revolving loans | ||||||||||||||||||||||
amortization of discount and premium | -965,000 | -365,000 | -2,816,000 | |||||||||||||||||||
net realized (gain) on investments | -72,000 | -1,049,000 | -876,000 | |||||||||||||||||||
net change in unrealized depreciation (appreciation) on investments | -497,000 | |||||||||||||||||||||
(fundings of) proceeds from revolving loans | ||||||||||||||||||||||
due from broker | ||||||||||||||||||||||
due to broker | ||||||||||||||||||||||
other payables | ||||||||||||||||||||||
proceeds from members' equity contributions | ||||||||||||||||||||||
payments of members' equity distributions | ||||||||||||||||||||||
obligations of company paid by members of golub capital bdc llc | ||||||||||||||||||||||
investments, at fair value | ||||||||||||||||||||||
canada | ||||||||||||||||||||||
debt investments | ||||||||||||||||||||||
leisure, amusement, motion pictures, entertainment | ||||||||||||||||||||||
extreme fitness, inc. | ||||||||||||||||||||||
total canada | ||||||||||||||||||||||
fair value as percentage of principal amount | ||||||||||||||||||||||
united states | ||||||||||||||||||||||
aerospace and defense | ||||||||||||||||||||||
whitcraft llc | ||||||||||||||||||||||
automobile | ||||||||||||||||||||||
clp auto interior corporation* | ||||||||||||||||||||||
driven brands, inc.* | ||||||||||||||||||||||
banking | ||||||||||||||||||||||
bonddesk group llc* | ||||||||||||||||||||||
prommis solutions inc.* | ||||||||||||||||||||||
beverage, food and tobacco | ||||||||||||||||||||||
abp corporation* | ||||||||||||||||||||||
abp corporation | ||||||||||||||||||||||
ameriqual group, llc* | ||||||||||||||||||||||
atkins nutrionals, inc. | ||||||||||||||||||||||
bertucci's corporation* | ||||||||||||||||||||||
lone star beef processors, l.p.* | ||||||||||||||||||||||
noodles & company* | ||||||||||||||||||||||
richelieu foods, inc.* | ||||||||||||||||||||||
richelieu foods, inc. | ||||||||||||||||||||||
building and real estate | ||||||||||||||||||||||
american fire protection group, inc. | ||||||||||||||||||||||
architectural testing, inc.* | ||||||||||||||||||||||
asp pdm acquisition co. llc* | ||||||||||||||||||||||
infiltrator systems, inc.* | ||||||||||||||||||||||
itel laboratories, inc.* | ||||||||||||||||||||||
khki acquisition, inc. | ||||||||||||||||||||||
tecta america corp. | ||||||||||||||||||||||
cargo transport | ||||||||||||||||||||||
tmw systems, inc.* | ||||||||||||||||||||||
chemicals, plastics and rubber | ||||||||||||||||||||||
flint trading, inc. | ||||||||||||||||||||||
syrgis holdings, inc.* | ||||||||||||||||||||||
proceeds from revolving loans | ||||||||||||||||||||||
fundings of portfolio investments | -52,416,000 | -97,578,000 | ||||||||||||||||||||
deferred offering costs | ||||||||||||||||||||||
adjustments to reconcile net increase in net assets resulting from operations | ||||||||||||||||||||||
to net cash from operating activities | ||||||||||||||||||||||
net change in unrealized depreciation on investments | 147,000 | |||||||||||||||||||||
(fundings) proceeds on revolving loans | -569,000 | |||||||||||||||||||||
members' equity contributions receivable | ||||||||||||||||||||||
net income | 4,714,000 | |||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities | ||||||||||||||||||||||
amortization of deferred financing fees | ||||||||||||||||||||||
fundings on revolving loans | -1,467,000 | |||||||||||||||||||||
prepaid expenses and other assets | ||||||||||||||||||||||
accrued professional fees | ||||||||||||||||||||||
management and incentive fee payable | ||||||||||||||||||||||
borrowings on credit facility | ||||||||||||||||||||||
repayments on credit facility | -88,680,000 | |||||||||||||||||||||
proceeds from capital contributions | 1,000 | |||||||||||||||||||||
payments of capital distributions | 0 | |||||||||||||||||||||
payment of offering costs | ||||||||||||||||||||||
dividend paid | ||||||||||||||||||||||
supplemental disclosure of cash flow information | ||||||||||||||||||||||
supplemental disclosure of noncash activity | ||||||||||||||||||||||
adjustments to reconcile net income to net cash | ||||||||||||||||||||||
provided by operating activities: | ||||||||||||||||||||||
amortization of discount/premium | ||||||||||||||||||||||
net change in unrealized depreciation | ||||||||||||||||||||||
on investments | ||||||||||||||||||||||
proceeds from principal payments and sales of | ||||||||||||||||||||||
portfolio investments | ||||||||||||||||||||||
due to affiliates | ||||||||||||||||||||||
cash and cash equivalents , beginning of period | ||||||||||||||||||||||
cash and cash equivalents , end of period |