← Bain Capital Specialty Finance, 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 | — | $119.8m | $105.5m | $123.4m | $119.4m | $98.8m | $73.6m | |
| Amortization of Debt Issuance Costs | — | $5.7m | $3.9m | $3.6m | $4.0m | $5.2m | — | |
| Accretion of discounts and amortization of premiums | ($5.9m) | ($5.7m) | ($4.9m) | ($5.3m) | ($5.1m) | ($5.2m) | — | |
| Amortization of deferred financing costs and debt issuance costs | $2.7m | $5.7m | $3.9m | $3.6m | $4.0m | $5.2m | — | |
| Change In Working Capital | — | — | ($8.4m) | $9.3m | $2.9m | $10.9m | ($7.6m) | |
| Change In Receivables | — | — | ($10.3m) | $1.4m | $1.7m | $1.5m | ($2.9m) | |
| Accounts payable and accrued expenses | $996k | $636k | ($943k) | $6.6m | $5.2m | ($1.9m) | — | |
| Change In Other Current Assets | — | — | ($6.8m) | $2.0m | ($2.1m) | ($1.3m) | ($7.0m) | |
| Change In Other Current Liabilities | — | — | $0 | $0 | $0 | $0 | $0 | |
| Net Cash Provided by (Used in) Operating Activities | $89.4m |
$265.6m
+196.98%
|
($316.8m)
-219.31%
|
$219.3m
+169.21%
|
($27.1m)
-112.36%
|
$29.5m
+208.95%
|
($586.2m)
-2085.41%
|
|
| Net realized loss from investments | $33.8m | ($21.2m) | $3.1m | $43.9m | $10.4m | $28.2m | — | |
| Net change in unrealized appreciation on investments | $28.0m | ($16.0m) | $10.7m | ($29.5m) | $12.3m | ($21.6m) | — | |
| Increase in investments due to PIK | — | — | ($15.0m) | ($22.8m) | ($26.2m) | ($33.9m) | — | |
| Interest receivable on investments | $6.8m | ($3.5m) | ($15.0m) | ($2.9m) | ($2.0m) | $1.1m | — | |
| Payments to Acquire Investments | — | — | — | — | — | $102.5m | — | |
| Purchases of investments | — | — | ($1.4b) | ($844.3m) | ($1.6b) | ($1.3b) | — | |
| Proceeds from principal payments and sales of investments | — | — | $988.1m | $937.6m | $1.5b | $1.2b | — | |
| Cash flows from financing activities: | ||||||||
| Gain (Loss) on Extinguishment of Debt | — | ($4.9m) | ($747k) | — | $0 | — | — | |
| Debt and Equity Securities, Unrealized Gain (Loss) | — | $16.0m | ($10.7m) | $29.5m | ($12.3m) | $21.6m | — | |
| Borrowings on debt | $597.3m | $1.4b | $792.7m | $348.0m | $867.0m | $1.3b | — | |
| Proceeds from Issuance of Long-term Debt | — | $1.4b | $792.7m | $348.0m | $867.0m | $1.3b | $1.5b | |
| Issuance Of Debt | — | — | $792.7m | $348.0m | $867.0m | $1.3b | $1.5b | |
| Long Term Debt Issuance | — | — | $792.7m | $348.0m | $867.0m | $1.3b | $1.5b | |
| Net Issuance Payments Of Debt | — | — | $330.5m | ($132.0m) | $131.7m | $77.8m | $8.5m | |
| Net Long Term Debt Issuance | — | — | $330.5m | ($132.0m) | $131.7m | $77.8m | $8.5m | |
| Repayments of Long-term Debt | — | $1.5b | $462.2m | $480.0m | $735.3m | $1.2b | ($1.5b) | |
| Repayments on debt | ($710.8m) | ($1.5b) | ($462.2m) | ($480.0m) | ($735.3m) | ($1.2b) | — | |
| Long Term Debt Payments | — | — | ($462.2m) | ($480.0m) | ($735.3m) | ($1.2b) | ($1.5b) | |
| Repayment Of Debt | — | — | ($462.2m) | ($480.0m) | ($735.3m) | ($1.2b) | ($1.5b) | |
| Issuance Of Capital Stock | — | — | $0 | $0 | $0 | $5.5m | $0 | |
| Proceeds from issuances of common stock (net of offering and underwriting costs) | — | — | — | $0 | $0 | $4.6m | — | |
| Common Stock Issuance | — | — | $0 | $0 | $0 | $5.5m | $0 | |
| Common Stock Dividend Paid | — | — | ($87.8m) | ($99.4m) | ($114.3m) | ($145.8m) | ($124.5m) | |
| Purchase of common shares issued in connection with dividend reinvestment plan | — | — | — | $0 | $0 | $924k | — | |
| Dividends paid | — | — | — | $99 | $114 | $146 | ($124.5m) | |
| Dividend receivable | ($6.6m) | ($10.8m) | $4.7m | $4.3m | $3.7m | $391k | — | |
| Cash Dividends Paid | — | — | ($87.8m) | ($99.4m) | ($114.3m) | ($145.8m) | ($124.5m) | |
| Net Other Financing Charges | — | — | $0 | $0 | $0 | $0 | $0 | |
| Net Cash Provided by (Used in) Financing Activities | — | ($138.6m) |
$238.3m
+271.91%
|
($231.4m)
-197.10%
|
$14.3m
+106.16%
|
($71.9m)
-604.36%
|
$554.7m
+871.72%
|
|
| Beginning Cash Position | — | — | $203.6m | $125.7m | $112.5m | $99.1m | $94.0m | |
| Cash, foreign cash, restricted cash and cash equivalents, beginning of period | $81.7m | $203.6m | $125.7m | $112.5m | $99.1m | $58.9m | — | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | ($5.0m) | $649k | ($1.1m) | ($571k) | $2.2m | $1.9m | |
| Net decrease in cash, foreign cash, restricted cash and cash equivalents | $12.9m | $126.9m | ($78.5m) | ($12.2m) | ($12.8m) | ($42.4m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $203.6m | $125.7m | $112.5m | $99.1m | $58.9m | $32.2m | |
| Restricted cash | $27.0m | $86.2m | $66.0m | $63.1m | $45.5m | $32.7m | — | |
| Effect of foreign currency exchange rates | ($45k) | ($5.0m) | $649k | ($1.1m) | ($571k) | $2.2m | — | |
| Effect Of Exchange Rate Changes | — | — | $649k | ($1.1m) | ($571k) | $2.2m | $1.9m | |
| Additional Supplementary Disclosures | ||||||||
| Additional Supplementary Disclosures | ||||||||
| Income Tax Expense (Benefit) | — | — | $0 | $0 | $0 | — | — | |
| Additional Financial Items | ||||||||
| Foreign Currency Transaction Gain (Loss), Realized | — | ($3.5m) | $5.3m | ($5.1m) | ($320k) | $761k | — | |
| Gain (Loss) on Sale of Derivatives | — | ($23.8m) | $20.9m | ($407k) | $2.3m | ($5.8m) | — | |
| Investment Company Distribution Ordinary Income | — | — | — | $103.3m | $116.2m | $126.5m | — | |
| Realized Investment Gains (Losses) | — | $21.2m | ($3.1m) | ($43.9m) | ($10.4m) | ($28.2m) | — | |
| Unrealized Gain (Loss) on Derivatives | — | $27.9m | ($5.3m) | ($2.3m) | $5.8m | ($12.6m) | — | |
| Net increase in net assets resulting from operations | $8.3m | $119.8m | $105.5m | $123.4m | $119.4m | $98.8m | — | |
| Net realized (gain) loss on foreign currency transactions | ($130k) | $3.5m | ($5.3m) | $5.1m | $320k | ($761k) | — | |
| Net change in unrealized appreciation on forward currency exchange contracts | $22.4m | ($27.9m) | $5.3m | $2.3m | ($5.8m) | $12.6m | — | |
| Net change in unrealized appreciation on foreign currency translation | — | — | $3.6m | ($4.0m) | $251k | ($1.4m) | — | |
| Collateral on derivatives | ($4.9m) | $2.1m | ($6.8m) | $2.0m | ($2.1m) | ($1.2m) | — | |
| Interest rate swap | — | — | — | $0 | $0 | ($70k) | — | |
| Prepaid insurance | — | ($193k) | ($1k) | ($16k) | $13k | ($292k) | — | |
| Interest payable | ($7.3m) | ($1.2m) | $5.1m | $1.2m | $577k | ($1.5m) | — | |
| Collateral payable on derivatives | — | — | — | $0 | $0 | $12.9m | — | |
| Base management fee payable | — | — | $114k | $23k | $231k | $248k | — | |
| Incentive fee payable | — | — | $4.5m | ($1.9m) | ($2.6m) | $1.2m | — | |
| Payments of financing costs | ($1.4m) | — | ($4.4m) | $0 | ($3.2m) | ($9.3m) | — | |
| Stockholder distributions paid | ($86.3m) | ($87.8m) | ($87.8m) | ($99.4m) | ($114.3m) | ($145.8m) | — | |
| Cash | $53.7m | $87.4m | $30.2m | $43.0m | $51.6m | $23.1m | ($586.2m) | |
| Foreign cash | — | — | $29.6m | $6.4m | $2.0m | $3.2m | — | |
| Change In Payable | — | — | $8.7m | $5.9m | $3.4m | $11.0m | $2.5m | |
| Change In Prepaid Assets | — | — | ($1k) | ($16k) | $13k | ($292k) | ($277k) | |
| Changes In Cash | — | — | ($78.5m) | ($12.2m) | ($12.8m) | ($42.4m) | ($61.7m) | |
| End Cash Position | — | — | $125.7m | $112.5m | $99.1m | $58.9m | $32.2m | |
| Financing Cash Flow | — | — | $238.3m |
($231.4m)
-197.10%
|
$14.3m
+106.16%
|
($71.9m)
-604.36%
|
$554.7m
+871.72%
|
|
| Free Cash Flow | — | — | ($316.8m) | $219.3m | ($27.1m) | $29.5m | $63.4m | |
| Gain Loss On Investment Securities | — | — | ($412.0m) | $87.3m | ($148.9m) | ($78.0m) | ($865k) | |
| Net Foreign Currency Exchange Gain Loss | — | — | ($1.6m) | $1.1m | $571k | ($2.2m) | ($1.9m) | |
| Other Non Cash Items | — | — | ($291k) | ($1.8m) | ($1.1m) | $49k | — | |
| Supplemental disclosure of cash flow information: | ||||||||
| Change In Cash Supplemental As Reported | — | — | ($78.5m) | ($12.2m) | ($12.8m) | ($42.4m) | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $67.9m | $46.8m | $43.4m | $75.3m | $70.1m | $76.9m | — | |
| Interest Income Operating Paid In Kind | $67.9m | $46.8m | $43.4m | $75.3m | $70.1m | $33.9m | — | |
| Income Taxes Paid, Net | — | $237k | $134k | $1.2m | $2.2m | $3.3m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.