Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS

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CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
Beginning balance (in shares)     133,045,000    
Beginning balance $ 1,585,510 $ 1,327,740 $ 1,401,459 $ 1,308,547 $ 1,308,547
Net increase (decrease) in net assets resulting from operations 27,967 53,202 $ 217,306 $ 39,548  
Public offering, net of offering expenses (in shares)     16,200,000 11,800,000  
Public offering, net of offering expenses 107,562 42,854 $ 238,310 $ 189,958  
Issuance of common stock under equity-based award plans 163 266 378 720  
Shares retired on vesting of equity-based awards (675) (838) $ (12,503) $ (5,458)  
Distributions reinvested in common stock (in shares)     197,592 184,197  
Distributions reinvested in common stock 1,057 949 $ 2,936 $ 2,895  
Issuance of Convertible Notes       0  
Distributions (72,534) (63,950) (204,687) (181,825) (249,077)
Stock-based compensation 3,007 [1] 2,495 [2] 8,858 [1] 8,333 [2]  
Common stock, par value $ 152   $ 152   $ 134
Ending balance (in shares) 151,179,000   151,179,000   133,045,000
Ending balance $ 1,652,057 $ 1,362,718 $ 1,652,057 $ 1,362,718 $ 1,401,459
Common Stock          
Beginning balance (in shares) 144,641,000 127,285,000 133,044,602 116,619,000 116,619,000
Beginning balance $ 145 $ 128 $ 134 $ 117 $ 117
Public offering, net of offering expenses (in shares) 6,500,000 2,866,000 16,221,000 11,787,000  
Public offering, net of offering expenses $ 7 $ 3 $ 16 $ 12  
Issuance of common stock under equity-based award plans (in shares) 21,000 45,000 1,923,000 870,000  
Issuance of common stock under equity-based award plans     $ 2 $ 1  
Shares retired on vesting of equity-based awards (in shares) (48,000) (68,000) (208,000) (250,000)  
Distributions reinvested in common stock (in shares) 65,000 63,000 198,000 184,000  
Issuance of convertible notes (in shares)       981,000  
Issuance of Convertible Notes       $ 1  
Distributions $ 71,860 $ 63,421 $ 202,556 $ 180,114  
Ending balance (in shares) 151,178,738 130,191,000 151,178,738 130,191,000 133,044,602
Ending balance $ 152 $ 131 $ 152 $ 131 $ 134
Capital in excess of par value          
Beginning balance 1,468,270 1,242,618 1,341,416 1,091,907 1,091,907
Public offering, net of offering expenses 107,555 42,851 238,294 189,946  
Issuance of common stock under equity-based award plans 163 266 376 719  
Shares retired on vesting of equity-based awards (675) (838) (12,503) (5,458)  
Distributions reinvested in common stock 1,057 949 2,936 2,895  
Issuance of Convertible Notes       (1)  
Stock-based compensation 3,007 [1] 2,495 [2] 8,858 [1] 8,333 [2]  
Ending balance 1,579,377 1,288,341 1,579,377 1,288,341 1,341,416
Distributable Earnings (loss)          
Beginning balance 117,095 84,994 59,909 216,523 216,523
Net increase (decrease) in net assets resulting from operations 27,967 53,202 217,306 39,548  
Distributions (72,534) (63,950) (204,687) (181,825)  
Ending balance $ 72,528 $ 74,246 $ 72,528 $ 74,246 $ 59,909
[1] Stock-based compensation includes $31 thousand and $81 thousand of restricted stock and option expense related to director compensation for the three and nine months ended September 30, 2023, respectively
[2] Stock-based compensation includes $36 thousand and $113 thousand of restricted stock and option expense related to director compensation for the three and nine months ended September 30, 2022, respectively.