Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows used in operating activities:    
Net Income (Loss) Attributable to Parent $ 39,548 $ 170,443
Adjustments to reconcile net increase in net assets resulting from operations to net cash provided by (used in) operating activities:    
Payments for Purchase of Investment, Operating Activity (1,097,812) (1,033,189)
Fundings assigned to Adviser Funds 247,848 107,793
Net unrealized (appreciation) depreciation 87,147 (46,231)
Realized Gain (Loss), Investment and Derivative, Operating, after Tax (4,461) (16,301)
Interest Income, Operating, Paid in Kind (14,888) (8,105)
Change In Loan Income Net Of Collection (18,398) 21,730
Unearned fees related to unfunded commitments 19,412 (2,367)
Non-Cash Realized Loss Extinguishment Debt 3,378 1,702
Amortization of debt issuance costs 4,051 4,957
Depreciation and amortization 160 255
Stock-based compensation and amortization of restricted stock grants (1) [1] 8,333 7,785
Change in operating assets and liabilities:    
Interest receivable (8,039) 1,218
Other assets (1,196) 2,380
Accrued liabilities (14,856) (680)
Net cash provided by (used in) operating activities (359,881) 28,681
Cash flows used in investing activities:    
Purchases of capital equipment (86) (12)
Net cash used in investing activities (86) (12)
Cash flows provided by (used in) financing activities:    
Issuance of common stock 192,011 0
offering expenses (2,053) (208)
Retirement of employee shares, net (4,738) (2,106)
Distributions paid (178,930) (130,086)
Issuance of debt 1,169,237 1,396,406
Repayment of debt (878,198) (1,272,712)
Debt issuance costs (6,581) (4,830)
Fees paid for credit facilities and debentures (1,635) (3,395)
Net cash provided by (used in) financing activities 289,113 (16,931)
Net increase (decrease) in cash, cash equivalents, and restricted cash (70,854) 11,738
Cash, cash equivalents, and restricted cash at beginning of period 136,265 237,622
Cash, cash equivalents, and restricted cash at end of period 65,411 249,360
Supplemental disclosures of cash flow information and non-cash investing and financing activities:    
Income Taxes Paid, Net, Total 7,341 3,731
Interest paid 44,382 44,985
Distributions reinvested 2,895 3,057
Convertible Note Discounts - Amortization [Member]    
Adjustments to reconcile net increase in net assets resulting from operations to net cash provided by (used in) operating activities:    
Accretion (Amortization) of Discounts and Premiums, Investments 112 504
Discounts - Amortization [Member]    
Adjustments to reconcile net increase in net assets resulting from operations to net cash provided by (used in) operating activities:    
Accretion (Amortization) of Discounts and Premiums, Investments (2,996) (2,737)
Exit Fees - Amortization [Member]    
Adjustments to reconcile net increase in net assets resulting from operations to net cash provided by (used in) operating activities:    
Accretion (Amortization) of Discounts and Premiums, Investments 364 17,364
Debt Investment [Member]    
Adjustments to reconcile net increase in net assets resulting from operations to net cash provided by (used in) operating activities:    
Proceeds from Disposition of Investment, Operating Activity 378,109 738,321
Equity and Warrant Investments [Member]    
Adjustments to reconcile net increase in net assets resulting from operations to net cash provided by (used in) operating activities:    
Proceeds from Disposition of Investment, Operating Activity $ 14,303 $ 98,567
[1] Stock-based compensation includes $113 thousand and $86 thousand of restricted stock and option expense related to director compensation for the nine months ended September 30, 2022 and 2021, respectively.