v3.26.3
Consolidated Statements of Operations - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Investment Income        
Payment-in-kind (“PIK”) interest income $ 28,669,000 $ 28,916,000 $ 91,736,000 $ 95,793,000
Dividend Income 9,953,000 14,270,000 36,110,000 41,665,000
Investment Income 392,056,000 453,065,000 1,190,172,000 1,403,554,000
Operating Expenses        
Interest expense 123,997,000 151,019,000 381,296,000 451,122,000
Management fees, net [1] 55,962,000 62,096,000 174,001,000 188,840,000
Performance based incentive fees 34,371,000 38,822,000 102,939,000 123,500,000
Professional fees 4,251,000 4,052,000 12,762,000 11,122,000
Directors' fees 445,000 633,000 1,335,000 1,273,000
Other general and administrative 2,888,000 3,267,000 9,195,000 10,477,000
Total Operating Expenses 221,914,000 259,889,000 681,528,000 786,334,000
Net Investment Income (Loss) Before Taxes 170,142,000 193,176,000 508,644,000 617,220,000
Income tax expense (benefit), including excise tax expense (benefit) 3,216,000 3,092,000 6,375,000 9,124,000
Net Investment Income (Loss) After Taxes 166,926,000 190,084,000 502,269,000 608,096,000
Net change in unrealized gain (loss):        
Net change in unrealized gain (loss)     (174,678,000) 25,868,000
Translation of assets and liabilities in foreign currencies and other transactions (8,931,000) (505,000) (8,151,000) 16,862,000
Income tax (provision) benefit (1,149,000) (1,490,000) (649,000) (3,252,000)
Total change in net unrealized gain (loss) 12,823,000 (65,575,000) (183,478,000) 39,478,000
Net realized gain (loss):        
Non-controlled, non-affiliated investments     (109,230,000) (132,396,000)
Foreign currency transactions 10,552,000 4,970,000 11,854,000 (6,858,000)
Total Net Realized Gain (Loss) 309,000 3,672,000 (97,376,000) (139,254,000)
Total Net Realized and Change in Unrealized Gain (Loss) 13,132,000 (61,903,000) (280,854,000) (99,776,000)
Net Increase (Decrease) in Net Assets Resulting from Operations $ 180,058,000 $ 128,181,000 $ 221,415,000 $ 508,320,000
Earnings Per Share - Basic (in usd per share) $ 0.37 $ 0.25 $ 0.45 $ 1.01
Earnings Per Share - Diluted (in usd per share) $ 0.37 $ 0.25 $ 0.45 $ 1.01
Weighted Average Shares Outstanding - Basic (in shares) 492,260,158 511,048,237 495,489,300 505,700,153
Weighted Average Shares Outstanding - Diluted (in shares) 492,260,158 511,048,237 495,489,300 505,700,153
Non-controlled, non-affiliated investments        
Investment Income        
Interest income $ 276,043,000 $ 349,053,000 $ 840,209,000 $ 1,090,278,000
Payment-in-kind (“PIK”) interest income 26,333,000 28,072,000 82,712,000 93,045,000
Dividend Income 20,336,000 22,224,000 58,516,000 64,565,000
Other income 4,561,000 4,003,000 27,679,000 14,861,000
Investment Income 327,273,000 403,352,000 1,009,116,000 1,262,749,000
Net change in unrealized gain (loss):        
Net change in unrealized gain (loss) 43,004,000 (65,542,000) (231,470,000) 5,222,000
Net realized gain (loss):        
Non-controlled, non-affiliated investments (10,243,000) (1,298,000) (9,047,000) (132,396,000)
Non-controlled, affiliated investments        
Investment Income        
Interest income 0 432,000 702,000 1,266,000
Payment-in-kind (“PIK”) interest income 0 844,000 257,000 2,748,000
Dividend Income 2,293,000 16,000 9,063,000 571,000
Other income 7,000 26,000 57,000 96,000
Investment Income 2,300,000 1,318,000 10,079,000 4,681,000
Net change in unrealized gain (loss):        
Net change in unrealized gain (loss) (4,051,000) (25,856,000) 10,040,000 (41,267,000)
Net realized gain (loss):        
Non-controlled, non-affiliated investments 0 0 (37,795,000) 0
Controlled, affiliated investments        
Investment Income        
Interest income 11,178,000 10,442,000 29,813,000 29,241,000
Payment-in-kind (“PIK”) interest income 2,336,000 0 8,767,000 0
Dividend Income 48,764,000 37,920,000 131,631,000 106,794,000
Other income 205,000 33,000 766,000 89,000
Investment Income 62,483,000 48,395,000 170,977,000 136,124,000
Net change in unrealized gain (loss):        
Net change in unrealized gain (loss) (16,050,000) 27,818,000 46,752,000 61,913,000
Net realized gain (loss):        
Non-controlled, non-affiliated investments $ 0 $ 0 $ (62,388,000) $ 0
[1] Refer to “Note 3 — Agreements and Related Party Transactions” for additional details on management fee waiver.