← Barings BDC, Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||
| Net Income From Continuing Operations | — | $77.7m | $4.7m | $128.0m | $110.3m | $101.9m | $87.1m | |
| Amortization of Debt Issuance Costs | — | $1.6m | $3.1m | $3.3m | $4.7m | $5.3m | — | |
| Net unrealized (appreciation) depreciation on investments | ($28.7m) | ($3.0m) | $124.2m | ($67.4m) | $28.8m | ($46.2m) | — | |
| Net unrealized (appreciation) depreciation of CSAs | — | — | $6.7m | ($4.7m) | ($5.7m) | ($10.7m) | — | |
| Net unrealized (appreciation) depreciation on foreign currency transactions | $10.2m | ($17.3m) | ($7.9m) | $13.4m | ($9.3m) | $28.7m | — | |
| Net unrealized (appreciation) depreciation on forward currency contracts | $0 | ($1.8m) | $6.7m | ($8.2m) | ($31.1m) | $21.2m | — | |
| Amortization of deferred financing fees | $1.5m | $1.6m | $3.1m | $3.3m | $4.7m | $5.3m | — | |
| Amortization / accretion of purchased loan premium / discount | ($1.8m) | ($4.6m) | ($2.3m) | ($1.9m) | ($1.1m) | ($1.1m) | — | |
| Change In Working Capital | — | — | ($23.6m) | $2.6m | $18.1m | $3.3m | ($2.7m) | |
| Change In Receivables | — | — | ($14.6m) | ($6.4m) | $8.4m | $317k | $2.8m | |
| Accounts payable and accrued liabilities | $3.9m | $2.4m | ($7.8m) | $8.7m | $2.0m | ($24k) | — | |
| Prepaid expenses and other assets | ($45k) | ($2.2m) | ($3.2m) | ($462k) | ($203k) | $764k | — | |
| Change In Other Current Liabilities | — | — | $0 | $0 | $0 | $0 | $0 | |
| Net Cash Provided by (Used in) Operating Activities | ($218.1m) |
($396.6m)
-81.80%
|
$86.3m
+121.75%
|
$76.9m
-10.81%
|
$122.2m
+58.77%
|
$160.5m
+31.42%
|
— | |
| Net realized (gain) loss on investments | $38.3m | ($2.6m) | $11.0m | $59.5m | $23.8m | $39.5m | — | |
| Purchases of portfolio investments | — | ($1.1b) | ($884.8m) | ($264.6m) | ($637.4m) | ($698.1m) | — | |
| Repayments received/sales of portfolio investments/ Sales of short-term investments | — | $1.3b | $1.0b | $593.5m | $641.8m | $734.9m | — | |
| Cash flows from financing activities: | ||||||||
| Gain (Loss) on Extinguishment of Debt | — | $0 | $0 | — | — | — | — | |
| Debt and Equity Securities, Realized Gain (Loss) | — | $2.6m | ($11.0m) | ($59.5m) | ($23.8m) | ($39.5m) | — | |
| Debt and Equity Securities, Unrealized Gain (Loss) | — | $3.0m | ($124.2m) | $67.4m | ($28.8m) | $46.2m | — | |
| Borrowings under credit facility | $636.7m | $455.7m | $244.7m | $93.4m | $206.5m | $540.0m | — | |
| Issuance Of Debt | — | — | $244.7m | $93.4m | $506.5m | $840.0m | $935.6m | |
| Long Term Debt Issuance | — | — | $244.7m | $93.4m | $506.5m | $840.0m | $935.6m | |
| Net Issuance Payments Of Debt | — | — | $96.6m | ($19.7m) | $28.9m | ($46.6m) | ($158.8m) | |
| Net Long Term Debt Issuance | — | — | $96.6m | ($19.7m) | $28.9m | ($46.6m) | ($158.8m) | |
| Long Term Debt Payments | — | — | ($148.1m) | ($113.1m) | ($477.6m) | ($886.6m) | ($1.1b) | |
| Repayment Of Debt | — | — | ($148.1m) | ($113.1m) | ($477.6m) | ($886.6m) | ($1.1b) | |
| Issuance Of Capital Stock | — | $0 | $0 | — | — | — | $0 | |
| Repurchase Of Capital Stock | — | — | ($32.1m) | ($14.8m) | ($6.4m) | ($6.3m) | ($4.0m) | |
| Common Stock Issuance | — | $0 | $0 | — | — | — | $0 | |
| Net Common Stock Issuance | — | — | ($32.1m) | ($14.8m) | ($6.4m) | ($6.3m) | ($4.0m) | |
| Payments for Repurchase of Common Stock | — | $0 | $32.1m | $14.8m | $6.4m | $6.3m | — | |
| Common Stock Payments | — | — | ($32.1m) | ($14.8m) | ($6.4m) | ($6.3m) | ($4.0m) | |
| Common Stock Dividend Paid | — | — | ($93.7m) | ($109.0m) | ($110.1m) | ($125.2m) | ($114.4m) | |
| Dividends paid | — | $54 | $94 | $109 | $110 | $125 | ($114.4m) | |
| Interest And Dividend Income Operating Paid In Kind | $16.7m | $27.2m | $50.6m | $79.4m | $68.2m | $30.3m | — | |
| Payment-in-kind interest / dividends | ($1) | ($11) | ($12) | ($27) | ($18) | ($25) | — | |
| Cash dividends / distributions paid | ($31) | ($54) | ($94) | ($109) | ($110) | ($125) | — | |
| Cash Dividends Paid | — | — | ($93.7m) | ($109.0m) | ($110.1m) | ($125.2m) | ($114.4m) | |
| Net Other Financing Charges | — | — | $0 | $0 | $0 | $0 | $0 | |
| Net Cash Provided by (Used in) Financing Activities | $288.6m |
$388.3m
+34.54%
|
($31.1m)
-108.01%
|
($145.8m)
-368.83%
|
($101.3m)
+30.50%
|
($185.1m)
-82.64%
|
— | |
| Net increase (decrease) in cash and foreign currencies | $70.5m | ($8.2m) | $55.2m | ($68.9m) | $20.8m | ($24.6m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | ($8.2m) | $55.2m | ($68.9m) | $20.8m | ($24.6m) | $69.9m | |
| Cash and foreign currencies, beginning of period | $92.5m | $84.3m | $139.4m | $70.5m | $91.3m | $66.8m | — | |
| Beginning Cash Position | — | — | $84.3m | $139.4m | $70.5m | $91.3m | $49.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $84.3m | $139.4m | $70.5m | $91.3m | $66.8m | $69.9m | |
| Additional Supplementary Disclosures | ||||||||
| Additional Supplementary Disclosures | ||||||||
| Additional Financial Items | ||||||||
| Foreign Currency Transaction Gain (Loss), Realized | — | ($6.0m) | $23.9m | $4.2m | ($535k) | $7.6m | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | — | $17.3m | $7.9m | ($13.4m) | $9.3m | ($28.7m) | — | |
| Gain (Loss) on Sale of Derivatives | — | — | — | ($7.4m) | ($13.8m) | ($287k) | — | |
| General and Administrative Expense | — | $9.1m | $9.9m | $10.0m | $9.8m | $7.8m | — | |
| Investment Company Distribution Ordinary Income | — | — | — | $109.0m | $110.1m | $125.2m | — | |
| Unrealized Gain (Loss) on Derivatives | — | $1.8m | ($6.7m) | — | $31.1m | ($21.2m) | — | |
| Net increase (decrease) in net assets resulting from operations | $8.2m | $77.7m | $4.7m | $128.0m | $110.3m | $101.9m | — | |
| Loan origination and other fees received | $19.2m | $30.5m | $20.1m | $8.3m | $8.7m | $11.6m | — | |
| Net realized (gain) loss of CSAs | — | — | — | $0 | $0 | ($9.4m) | — | |
| Net realized (gain) loss on foreign currency transactions | ($12k) | $6.0m | ($23.9m) | ($4.2m) | $535k | ($7.6m) | — | |
| Net realized (gain) loss on forward currency contracts | — | ($378k) | $25.1m | ($7.4m) | $13.8m | $287k | — | |
| Accretion of loan origination and other fees | ($2.7m) | ($9.4m) | ($11.5m) | ($8.4m) | ($11.7m) | ($11.2m) | — | |
| Proceeds from termination of CSA | — | — | — | $0 | $0 | $23.0m | — | |
| Payments for derivative contracts | ($20k) | ($2.4m) | ($5.6m) | ($21.7m) | ($24.1m) | ($27.4m) | — | |
| Proceeds from derivative contracts | $210k | $2.0m | $30.8m | $14.4m | $10.3m | $27.2m | — | |
| Interest and fees receivable | ($4.2m) | ($14.5m) | ($14.6m) | ($6.4m) | $8.4m | $317k | — | |
| Interest payable | ($1.4m) | $3.5m | $1.9m | $811k | $7.8m | $2.2m | — | |
| Repayments of credit facility | ($280.5m) | ($506.6m) | ($148.1m) | ($113.1m) | ($477.6m) | ($774.1m) | — | |
| Proceeds from notes | $225.0m | $500.0m | $0 | $0 | $300.0m | $300.0m | — | |
| Repayments of notes | ($95.5m) | $0 | $0 | $0 | $0 | ($112.5m) | — | |
| Financing fees paid | ($774k) | ($7.3m) | ($1.9m) | ($2.4m) | ($13.8m) | ($6.9m) | — | |
| Purchases of shares in repurchase plan | ($7.1m) | $0 | ($32.1m) | ($14.8m) | ($6.4m) | ($6.3m) | — | |
| Change In Payable | — | — | ($5.8m) | $9.5m | $9.9m | $2.2m | ($5.2m) | |
| Change In Prepaid Assets | — | — | ($3.2m) | ($462k) | ($203k) | $764k | ($237k) | |
| Changes In Cash | — | — | $55.2m | ($68.9m) | $20.8m | ($24.6m) | $20.6m | |
| End Cash Position | — | — | $139.4m | $70.5m | $91.3m | $66.8m | $69.9m | |
| Financing Cash Flow | — | — | ($31.1m) |
($145.8m)
-368.83%
|
($101.3m)
+30.50%
|
($185.1m)
-82.64%
|
($284.1m)
-53.49%
|
|
| Free Cash Flow | — | — | $86.3m | $76.9m | $122.2m | $160.5m | $304.7m | |
| Gain Loss On Investment Securities | — | — | $36.0m | ($37.6m) | $20.2m | $54.3m | $245.5m | |
| Net Foreign Currency Exchange Gain Loss | — | — | ($21.6m) | $9.2m | ($8.8m) | $21.1m | ($2.8m) | |
| Other Non Cash Items | — | — | ($23.1m) | ($33.6m) | ($26.3m) | ($31.6m) | — | |
| Supplemental disclosure of cash flow information: | ||||||||
| Change In Cash Supplemental As Reported | — | — | $55.2m | ($68.9m) | $20.8m | ($24.6m) | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $16.7m | $27.2m | $50.6m | $79.4m | $68.2m | $74.0m | — | |
| Interest Income Operating Paid In Kind | $16.7m | $27.2m | $50.6m | $18.1m | $15.7m | $19.0m | — | |
| Excise taxes paid during the period | $86k | $71k | $0 | $1.0m | $1.9m | $4.0m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.