Carlyle Secured Lending (CGBD) annual income statement covering fiscal 2021 through 2024, as reported to the SEC.
An income statement shows what a company sold and what it cost to run the business, ending with the profit left over.
| Dec'24 | Dec'23 | Dec'22 | Dec'21 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Investment income: | |||||||||||||||||||
PIK income | |||||||||||||||||||
21,425 | 20,491 | 23,067 | 9,346 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
PIK income | 21,425 | 20,491 | 23,067 | 9,346 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other income | |||||||||||||||||||
4,679 | 5,003 | 7,583 | 6,397 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other income | 4,679 | 5,003 | 7,583 | 6,397 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total investment income | |||||||||||||||||||
232,590 | 241,626 | 207,256 | 171,238 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total investment income | 232,590 | 241,626 | 207,256 | 171,238 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Expenses | |||||||||||||||||||
Base management fees (Note 4) | |||||||||||||||||||
26,908 | 28,515 | 28,803 | 28,343 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Base management fees (Note 4) | 26,908 | 28,515 | 28,803 | 28,343 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Incentive fees (Note 4) | |||||||||||||||||||
21,647 | 22,622 | 21,414 | 17,680 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Incentive fees (Note 4) | 21,647 | 22,622 | 21,414 | 17,680 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Professional fees | |||||||||||||||||||
3,048 | 2,688 | 3,059 | 3,165 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Professional fees | 3,048 | 2,688 | 3,059 | 3,165 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Administrative service fees (Note 4) | |||||||||||||||||||
1,589 | 1,280 | 1,636 | 1,338 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Administrative service fees (Note 4) | 1,589 | 1,280 | 1,636 | 1,338 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Interest expense and credit facility fees (Note 8) | |||||||||||||||||||
68,485 | 71,711 | 43,961 | 30,753 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Interest expense and credit facility fees (Note 8) | 68,485 | 71,711 | 43,961 | 30,753 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Directors’ fees and expenses | |||||||||||||||||||
601 | 444 | 640 | 561 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Directors’ fees and expenses | 601 | 444 | 640 | 561 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other general and administrative | |||||||||||||||||||
2,321 | 1,960 | 1,872 | 1,765 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other general and administrative | 2,321 | 1,960 | 1,872 | 1,765 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total expenses | |||||||||||||||||||
124,599 | 129,220 | 101,385 | 83,605 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total expenses | 124,599 | 129,220 | 101,385 | 83,605 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net investment income (loss) before taxes | |||||||||||||||||||
107,991 | 112,406 | 105,871 | 87,633 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net investment income (loss) before taxes | 107,991 | 112,406 | 105,871 | 87,633 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Excise tax expense | |||||||||||||||||||
2,739 | 2,435 | 1,829 | 782 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Excise tax expense | 2,739 | 2,435 | 1,829 | 782 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net investment income (loss) | |||||||||||||||||||
105,252 | 109,971 | 104,042 | 86,851 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net investment income (loss) | 105,252 | 109,971 | 104,042 | 86,851 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net realized gain (loss) and net change in unrealized appreciation (depreciation): | |||||||||||||||||||
Net realized gain (loss) on investments: | |||||||||||||||||||
Net realized gain (loss) on investments | |||||||||||||||||||
-38,317 | -21,238 | 965 | 19,038 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net realized gain (loss) on investments | -38,317 | -21,238 | 965 | 19,038 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net realized currency gain (loss) on non-investment assets and liabilities | |||||||||||||||||||
-1,436 | 385 | -442 | -177 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net realized currency gain (loss) on non-investment assets and liabilities | -1,436 | 385 | -442 | -177 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net change in unrealized appreciation (depreciation) on investments: | |||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments | |||||||||||||||||||
18,345 | 7,084 | -25,597 | 52,681 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net change in unrealized appreciation (depreciation) on investments | 18,345 | 7,084 | -25,597 | 52,681 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net change in unrealized currency gain (loss) on non-investment assets and liabilities | |||||||||||||||||||
3,437 | -3,922 | 6,669 | 1,960 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net change in unrealized currency gain (loss) on non-investment assets and liabilities | 3,437 | -3,922 | 6,669 | 1,960 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net change in unrealized gain (loss) on forward currency contracts | |||||||||||||||||||
1,697 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net change in unrealized gain (loss) on forward currency contracts | 1,697 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net realized gain (loss) and net change in unrealized appreciation (depreciation) on investments, non-investment assets and liabilities, and forward currency contracts | |||||||||||||||||||
-16,274 | -17,691 | -18,405 | 73,502 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net realized gain (loss) and net change in unrealized appreciation (depreciation) on investments, non-investment assets and liabilities, and forward currency contracts | -16,274 | -17,691 | -18,405 | 73,502 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net increase (decrease) in net assets resulting from operations | |||||||||||||||||||
88,978 | 92,280 | 85,637 | 160,353 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net increase (decrease) in net assets resulting from operations | 88,978 | 92,280 | 85,637 | 160,353 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Preferred stock dividend | |||||||||||||||||||
3,500 | 3,500 | 3,500 | 3,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Preferred stock dividend | 3,500 | 3,500 | 3,500 | 3,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net increase (decrease) in net assets resulting from operations attributable to Common Stockholders | |||||||||||||||||||
85,478 | 88,780 | 82,137 | 156,853 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net increase (decrease) in net assets resulting from operations attributable to Common Stockholders | 85,478 | 88,780 | 82,137 | 156,853 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Basic and diluted earnings per share | |||||||||||||||||||
Basic (in dollars per share) | |||||||||||||||||||
1.68 | 1.75 | 1.58 | 2.89 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Basic (in dollars per share) | 1.68 | 1.75 | 1.58 | 2.89 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Diluted (in dollars per share) | |||||||||||||||||||
1.58 | 1.64 | 1.49 | 2.69 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Diluted (in dollars per share) | 1.58 | 1.64 | 1.49 | 2.69 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Weighted-average common shares outstanding | |||||||||||||||||||
Basic (in shares) | |||||||||||||||||||
50,831 | 50,817 | 52,112 | 54,244 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Basic (in shares) | 50,831 | 50,817 | 52,112 | 54,244 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Diluted (in shares) | |||||||||||||||||||
56,468 | 56,311 | 57,482 | 59,531 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Diluted (in shares) | 56,468 | 56,311 | 57,482 | 59,531 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Non-controlled/non-affiliated | |||||||||||||||||||
Interest income | |||||||||||||||||||
164,221 | 177,315 | 138,598 | 125,074 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Interest income | 164,221 | 177,315 | 138,598 | 125,074 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
PIK income | |||||||||||||||||||
20,733 | 19,819 | 16,258 | 9,346 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
PIK income | 20,733 | 19,819 | 16,258 | 9,346 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other income | |||||||||||||||||||
4,671 | 4,995 | 7,302 | 6,366 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other income | 4,671 | 4,995 | 7,302 | 6,366 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total investment income | |||||||||||||||||||
189,625 | 202,129 | 162,158 | 140,786 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total investment income | 189,625 | 202,129 | 162,158 | 140,786 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net realized gain (loss) on investments | |||||||||||||||||||
-42,330 | -21,426 | -1,050 | 19,035 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net realized gain (loss) on investments | -42,330 | -21,426 | -1,050 | 19,035 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net change in unrealized appreciation (depreciation) on investments | |||||||||||||||||||
22,434 | 15,123 | -39,431 | 41,541 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net change in unrealized appreciation (depreciation) on investments | 22,434 | 15,123 | -39,431 | 41,541 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Non-controlled/affiliated | |||||||||||||||||||
Interest income | |||||||||||||||||||
7,360 | 5,713 | 3,287 | 173 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Interest income | 7,360 | 5,713 | 3,287 | 173 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
PIK income | |||||||||||||||||||
692 | 672 | 6,809 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
PIK income | 692 | 672 | 6,809 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other income | |||||||||||||||||||
8 | 8 | 9 | 10 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other income | 8 | 8 | 9 | 10 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total investment income | |||||||||||||||||||
8,060 | 6,393 | 10,105 | 183 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total investment income | 8,060 | 6,393 | 10,105 | 183 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net realized gain (loss) on investments | |||||||||||||||||||
4,013 | - | - | 3 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net realized gain (loss) on investments | 4,013 | - | - | 3 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net change in unrealized appreciation (depreciation) on investments | |||||||||||||||||||
-1,343 | 5,604 | 8,918 | 3,215 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net change in unrealized appreciation (depreciation) on investments | -1,343 | 5,604 | 8,918 | 3,215 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Controlled/affiliated | |||||||||||||||||||
Interest income | |||||||||||||||||||
- | - | 3,873 | 185 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Interest income | - | - | 3,873 | 185 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other income | |||||||||||||||||||
- | - | 272 | 21 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other income | - | - | 272 | 21 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Dividend income | |||||||||||||||||||
34,905 | 33,104 | 30,848 | 30,063 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Dividend income | 34,905 | 33,104 | 30,848 | 30,063 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total investment income | |||||||||||||||||||
34,905 | 33,104 | 34,993 | 30,269 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total investment income | 34,905 | 33,104 | 34,993 | 30,269 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net realized gain (loss) on investments | |||||||||||||||||||
- | 188 | 2,015 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net realized gain (loss) on investments | - | 188 | 2,015 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net change in unrealized appreciation (depreciation) on investments | |||||||||||||||||||
-2,746 | -13,643 | 4,916 | 7,925 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net change in unrealized appreciation (depreciation) on investments | -2,746 | -13,643 | 4,916 | 7,925 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||