v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating Activities    
Net increase (decrease) in net assets resulting from operations $ 296,031 $ 447,185
Net realized (gain) loss on investments 42,351 28,780
Net realized (gain) loss on derivatives (10,764) (1,267)
Net change in unrealized (gains) losses on investments 376,890 (279,755)
Net change in unrealized (gains) losses on derivatives 13,235 15,468
Net change in unrealized (appreciation) depreciation on foreign currency forward contracts (116,410) 101,460
Net change in unrealized (appreciation) depreciation on translation of assets and liabilities in foreign currencies (2,875) (22,704)
PIK interest capitalized (34,876) (13,957)
Net accretion of discount and amortization of premium (29,442) (21,336)
Amortization of deferred financing costs 12,325 7,043
Amortization of offering costs 519 369
Purchase of investments (5,790,899) (8,975,826)
Purchase of derivatives (7,495) 0
Proceeds from sale of investments and principal repayments 4,595,517 3,959,337
Changes in operating assets and liabilities:    
Interest receivable (59,335) (64,394)
Receivable for investments sold (335,894) (307,717)
Other assets (169,845) (77,562)
Payable for investments purchased (127,635) 616,471
Management fees payable (1,286) 3,530
Performance-based incentive fees payable (385) 9,137
Accrued administrative services expense payable 371 465
Interest payable 13,392 10,482
Other liabilities and accrued expenses 179,194 (15,651)
Net Cash (Used in)/Provided by Operating Activities (1,157,316) (4,580,442)
Financing Activities    
Issuances of debt 4,714,695 4,918,574
Payments of debt (2,031,953) (2,802,110)
Financing costs paid and deferred (25,432) (12,343)
Proceeds from issuance of common shares 782,527 3,818,829
Repurchased shares, net of early repurchase deduction paid (1,423,672) (192,572)
Distributions paid (398,539) (303,518)
Offering costs paid and deferred (519) (369)
Net Cash (Used in)/Provided by Financing Activities 1,617,107 5,426,491
Cash, Cash Equivalents and Foreign Currencies    
Net increase (decrease) in cash and cash equivalents and foreign currencies during the period 459,791 846,049
Effect of foreign exchange rate changes on cash and cash equivalents (1,108) 179
Cash, cash equivalents and foreign currencies at beginning of period 546,067 412,840
Cash, Cash Equivalents and Foreign Currencies at the End of Period 1,004,750 1,259,068
Supplemental Disclosure and Non-Cash Information    
Cash interest paid 312,890 183,203
Distributions payable 109,120 106,656
Reinvestment of distributions during the period 261,050 229,028
PIK income $ 36,593 $ 14,511