← CION Investment Corp
| 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 | — | $118.8m | $50.1m | $95.3m | $33.9m | ($20.6m) | ($957k) | |
| Amortization of Debt Issuance Costs | $5.0m | $2.8m | $3.2m | $4.1m | $5.6m | $7.5m | — | |
| Net change in unrealized depreciation (appreciation) on investments | $19.9m | ($43.6m) | $5.3m | ($22.2m) | $33.6m | $74.1m | — | |
| Equity investments received in settlement of fee income | — | — | — | $0 | $0 | $21.2m | — | |
| Change In Working Capital | — | — | ($9.9m) | ($8.5m) | ($19.0m) | ($2.4m) | $971k | |
| Change In Receivables | — | — | ($2.3m) | ($15.0m) | ($12.5m) | ($253k) | ($3.6m) | |
| Increase (decrease) in accounts payable and accrued expenses | ($121k) | $1.2m | ($910k) | $24k | ($2k) | ($249k) | — | |
| Increase (decrease) in accrued management fees | — | ($995k) | $251k | ($31k) | ($132k) | ($338k) | — | |
| Increase (decrease) in accrued administrative services expense | $48k | $330k | $108k | $453k | ($150k) | $176k | — | |
| Change In Accrued Expense | — | — | $359k | $422k | ($282k) | ($162k) | $307k | |
| (Increase) decrease in prepaid expenses and other assets | ($803k) | $1.3m | ($359k) | ($523k) | $83k | ($708k) | — | |
| Change In Other Current Liabilities | — | — | $0 | $0 | $0 | $0 | $0 | |
| Net Cash Provided by (Used in) Operating Activities | $198.7m |
($49.2m)
-124.78%
|
$35.3m
+171.63%
|
($97.2m)
-375.39%
|
$88.2m
+190.78%
|
$76.8m
-12.88%
|
— | |
| Net accretion of discount on investments | ($13.2m) | ($11.7m) | ($11.0m) | ($13.5m) | ($16.8m) | ($25.7m) | — | |
| Proceeds from principal repayment of investments | $465.5m | $568.9m | $407.2m | $287.5m | $443.6m | $349.2m | — | |
| (Increase) decrease in short term investments, net | ($44.1m) | ($14.3m) | $77.0m | ($102.6m) | $44.6m | ($47.2m) | — | |
| Net realized loss on investments | $69.9m | ($843k) | $32.7m | $31.9m | $28.3m | $39.6m | — | |
| (Increase) decrease in interest receivable on investments | ($1.1m) | ($4.4m) | ($2.8m) | ($16.4m) | ($10.5m) | $481k | — | |
| (Increase) decrease in receivable due on investments sold and repaid | — | $3.3m | $1.8m | $49k | ($2.0m) | ($734k) | — | |
| Purchase of investments | — | ($920.0m) | ($550.5m) | ($350.2m) | ($464.1m) | ($264.0m) | — | |
| Increase (decrease) in payable for investments purchased | — | $11.2m | ($11.3m) | $4.7m | ($3.7m) | $1.5m | — | |
| Proceeds from sale of investments | $77.6m | $259.1m | $62.6m | $12.8m | $42.9m | $18.5m | — | |
| (Increase) decrease in dividends receivable on investments | $1.1m | $45k | ($1.3m) | $1.3m | $0 | $0 | — | |
| Cash flows from financing activities: | ||||||||
| Debt and Equity Securities, Realized Gain (Loss) | — | $843k | ($32.7m) | ($31.9m) | ($28.3m) | ($39.6m) | — | |
| Debt and Equity Securities, Unrealized Gain (Loss) | — | $43.6m | ($5.3m) | $22.2m | ($33.6m) | ($74.1m) | — | |
| Borrowings under financing arrangements | $486.2m | $276.0m | $127.5m | $237.3m | $302.5m | $192.5m | — | |
| Debt issuance costs paid | ($5.6m) | ($5.4m) | ($1.7m) | ($8.5m) | ($13.1m) | ($3.6m) | — | |
| Issuance Of Debt | — | — | $127.5m | $237.3m | $302.5m | $192.5m | $307.5m | |
| Long Term Debt Issuance | — | — | $127.5m | $237.3m | $302.5m | $192.5m | $307.5m | |
| Net Issuance Payments Of Debt | — | — | $127.5m | $134.8m | $25.0m | $22.5m | $57.5m | |
| Net Long Term Debt Issuance | — | — | $127.5m | $134.8m | $25.0m | $22.5m | $57.5m | |
| Long Term Debt Payments | — | — | $0 | ($102.5m) | ($277.5m) | ($170.0m) | ($250.0m) | |
| Repayment Of Debt | — | — | $0 | ($102.5m) | ($277.5m) | ($170.0m) | ($250.0m) | |
| Repurchase Of Capital Stock | — | — | ($15.4m) | ($11.5m) | ($11.3m) | ($17.2m) | ($24.7m) | |
| Net Common Stock Issuance | — | — | ($15.4m) | ($11.5m) | ($11.3m) | ($17.2m) | ($24.7m) | |
| Payments for Repurchase of Common Stock | $23.3m | $10.5m | $15.4m | $11.5m | $11.3m | $17.2m | — | |
| Payments of Ordinary Dividends, Common Stock | — | $56 | $67 | $92 | $89 | $78 | ($90.6m) | |
| Repurchase of common stock | ($23.3m) | ($10.5m) | ($15.4m) | ($11.5m) | ($11.3m) | ($17.2m) | — | |
| Common Stock Payments | — | — | ($15.4m) | ($11.5m) | ($11.3m) | ($17.2m) | ($24.7m) | |
| Common Stock Dividend Paid | — | — | ($66.6m) | ($92.0m) | ($89.5m) | ($78.0m) | ($90.6m) | |
| Interest And Dividend Income Operating Paid In Kind | $32.4m | $27.1m | $42.9m | $31.7m | $44.5m | $52.2m | — | |
| Cash Dividends Paid | — | — | ($66.6m) | ($92.0m) | ($89.5m) | ($78.0m) | ($90.6m) | |
| Net Other Financing Charges | — | — | $0 | $0 | $0 | $0 | $0 | |
| Net cash (used in) provided by financing activities | ($185.0m) |
$33.1m
+117.90%
|
$43.7m
+31.95%
|
$22.8m
-47.75%
|
($88.9m)
-489.61%
|
($76.3m)
+14.16%
|
— | |
| Net Cash Provided by (Used in) Financing Activities | ($185.0m) |
$33.1m
+117.90%
|
$43.7m
+31.95%
|
$22.8m
-47.75%
|
($88.9m)
-489.61%
|
($76.3m)
+14.16%
|
— | |
| Net increase (decrease) in cash | $13.8m | ($16.1m) | $79.0m | ($74.3m) | ($745k) | $489k | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $13.8m | ($16.1m) | $79.0m | ($74.3m) | ($745k) | $489k | $9.2m | |
| Cash, beginning of year | $19.9m | $3.8m | $82.7m | $8.4m | $7.7m | $8.2m | — | |
| Beginning Cash Position | — | — | $3.8m | $82.7m | $8.4m | $7.7m | $7.7m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $3.8m | $82.7m | $8.4m | $7.7m | $8.2m | $9.2m | |
| Additional Supplementary Disclosures | ||||||||
| Additional Supplementary Disclosures | ||||||||
| Additional Financial Items | ||||||||
| Foreign Currency Transaction Gain (Loss), Realized | — | ($3k) | ($3k) | $0 | $0 | — | — | |
| General and Administrative Expense | — | $9.8m | $7.3m | $7.4m | $7.2m | $6.3m | — | |
| Investment Company Distribution Ordinary Income | — | — | — | $87.9m | $81.3m | $75.4m | — | |
| Operating Expenses | — | $82.7m | $106.3m | $146.0m | $156.5m | $147.9m | — | |
| Net (decrease) increase in net assets resulting from operations | ($11.0m) | $118.8m | $50.1m | $95.3m | $33.9m | ($20.6m) | — | |
| Increase (decrease) in interest payable | ($663k) | $1.8m | $3.5m | $2.4m | ($2.0m) | ($2.5m) | — | |
| Increase (decrease) in subordinated incentive fee on income payable | — | ($381k) | $1.1m | ($450k) | ($651k) | ($82k) | — | |
| Increase (decrease) in share repurchase payable | — | — | $0 | $0 | $40k | ($13k) | — | |
| Shareholders' distributions paid | ($40.0m) | ($56.0m) | ($66.6m) | ($92.0m) | ($89.5m) | ($78.0m) | — | |
| Repayments under financing arrangements | ($602.2m) | ($171.0m) | $0 | ($102.5m) | ($277.5m) | ($170.0m) | — | |
| Restructuring of portfolio investment | $91.3m | $5.5m | $50.6m | $118.3m | $92.7m | $135.8m | — | |
| Cash interest receivable exchanged for additional securities | $0 | $1.3m | $0 | $4.7m | $3.0m | $16.7m | — | |
| Change In Payable | — | — | ($7.6m) | $6.7m | ($6.3m) | ($1.3m) | $5.2m | |
| Change In Prepaid Assets | — | — | ($359k) | ($523k) | $83k | ($708k) | ($917k) | |
| Changes In Cash | — | — | $79.0m | ($74.3m) | ($745k) | $489k | $1.5m | |
| End Cash Position | — | — | $82.7m | $8.4m | $7.7m | $8.2m | $9.2m | |
| Financing Cash Flow | — | — | $43.7m |
$22.8m
-47.75%
|
($88.9m)
-489.61%
|
($76.3m)
+14.16%
|
($64.7m)
+15.31%
|
|
| Free Cash Flow | — | — | $35.3m | ($97.2m) | $88.2m | $76.8m | $66.2m | |
| Gain Loss On Investment Securities | — | — | $34.3m | ($142.8m) | $129.0m | $170.2m | $135.6m | |
| Other Non Cash Items | — | — | ($39.3m) | ($41.2m) | ($55.7m) | ($70.3m) | — | |
| Supplemental disclosure of cash flow information: | ||||||||
| Change In Cash Supplemental As Reported | — | — | $79.0m | ($74.3m) | ($745k) | $489k | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $32.4m | $27.1m | $42.9m | $79.0m | $93.3m | $85.4m | — |