← CAPITAL SOUTHWEST CORP
| Annual Trend | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | $33.1m | $83.4m | $70.5m | $113.0m | $110.7m | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | — | — | — | — | $33.1m |
$83.4m
+151.98%
|
$69.9m
-16.23%
|
$111.8m
+60.01%
|
— | |
| Depreciation, Depletion and Amortization | $33k | $27k | $25k | $30k | $2.0m | $2.2m | $2.8m | $4.3m | $5.9m | $7.0m | $7.1m | |
| Net unrealized depreciation (appreciation) on investments before income tax | — | — | — | — | ($31.0m) | ($13.4m) | $12.1m | ($13.6m) | ($6.1m) | $28.0m | — | |
| Depreciation, Amortization and Accretion, Net | $33k | $27k | $25k | $30k | $2.0m | $2.2m | $2.8m | $4.3m | $5.9m | $7.0m | $7.1m | |
| Deferred Income Tax Expense (Benefit) | — | — | — | — | $3.8m | $2.4m | $6.4m | ($119k) | $4.8m | ($4.3m) | — | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | — | — | — | $3.7m | $4.5m | $7.0m | $5.0m | — | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | $1.0m | $1.1m | $2.7m | $1.1m | — | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | $3.7m | $4.5m | $7.0m | $5.0m | — | |
| Share-based compensation expense | — | — | — | — | $2.9m | $3.6m | $3.7m | $4.5m | $7.0m | $5.0m | — | |
| Proceeds from sales and return of capital of equity investments in portfolio companies | — | — | — | — | $17.8m | $11.9m | $2.7m | $4.1m | $18.0m | $39.3m | — | |
| Change In Working Capital | — | — | — | — | — | — | ($3.9m) | ($3.9m) | ($4.7m) | ($5.1m) | ($9.4m) | |
| Decrease (increase) in escrow receivables | — | — | — | — | $493k | ($159k) | $756k | $272k | ($1.9m) | $2.7m | — | |
| Decrease (increase) in other receivables | — | — | — | — | ($119k) | ($2.1m) | $1.6m | $627k | ($1.8m) | $491k | — | |
| Change In Receivables | — | — | — | — | — | — | ($4.7m) | ($3.9m) | ($11.5m) | ($1.9m) | ($6.6m) | |
| Payment of accrued payment-in-kind interest | — | — | — | — | $0 | $3.5m | $1.3m | $0 | $975k | $510k | — | |
| Decrease (increase) in other assets | ($26k) | ($18k) | ($81k) | $6k | $95k | ($3.1m) | ($128k) | ($706k) | ($1.4m) | $280k | — | |
| (Decrease) increase in other liabilities | $819k | ($496k) | $344k | $2.5m | $6.8m | $3.2m | $2.0m | $618k | $5.7m | ($1.4m) | — | |
| Change In Other Current Assets | — | — | — | — | — | — | ($128k) | ($706k) | ($1.4m) | $280k | ($75k) | |
| Change In Other Current Liabilities | — | — | — | — | — | — | $2.0m | $618k | $5.7m | ($1.4m) | $3.3m | |
| Net Cash Provided by (Used in) Operating Activities | ($6.8m) |
$68.2m
+1100.45%
|
$23.5m
-65.49%
|
$94.3m
+300.62%
|
($68.3m)
-172.35%
|
($182.7m)
-167.65%
|
($227.1m)
-24.32%
|
($188.5m)
+17.00%
|
($217.3m)
-15.26%
|
($193.5m)
+10.93%
|
— | |
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | — | — | — | $0 | $0 | ($20k) | ($2k) | — | |
| Payments to Acquire Property, Plant, and Equipment | — | — | — | — | — | — | $281k | $13k | $1.7m | $286k | ($1.8m) | |
| Gain (Loss) on Investments | — | — | — | — | $8.5m | ($6.6m) | $17.2m | $40.0m | $46.8m | ($14.8m) | ($396.0m) | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | $8.5m | ($6.6m) | ($12.1m) | $13.6m | $6.1m | ($28.0m) | — | |
| Realized (gain) loss on investments before income tax | — | — | — | — | $8.5m | ($6.6m) | $17.2m | $40.0m | $46.8m | ($14.8m) | — | |
| Accretion of discounts on investments | — | — | — | — | ($2.3m) | ($3.0m) | ($3.8m) | ($5.2m) | ($6.7m) | ($9.6m) | — | |
| Purchases and originations of investments | — | — | — | — | — | ($499.2m) | ($433.2m) | ($497.5m) | ($620.5m) | ($683.2m) | — | |
| Gain (Loss) on Sale of Investments | — | — | — | — | $8.5m | ($6.6m) | $17.2m | $40.0m | $46.8m | ($14.8m) | — | |
| Proceeds from sales and repayments of debt investments in portfolio companies | — | — | — | — | $97.6m | $259.2m | $139.1m | $191.4m | $276.9m | $340.0m | — | |
| Net Cash Provided by (Used in) Investing Activities | — | — | — | — | $0 | ($2.0m) | ($281k) | ($13k) | ($1.7m) | ($286k) | — | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | $1.0m | $17.1m | $0 | ($361k) | ($387k) | ($2.2m) | — | |
| Realized loss on extinguishment of debt | — | — | — | — | $1.0m | $17.1m | $0 | $361k | $387k | $2.2m | — | |
| Borrowings under Credit Facilities | — | — | — | — | $182.0m | $315.0m | $185.0m | $305.0m | $368.0m | $588.0m | — | |
| Debt issuance costs paid | — | — | — | — | ($540k) | ($3.9m) | ($1.2m) | ($10.2m) | ($1.6m) | ($2.3m) | — | |
| Issuance Of Debt | — | — | — | — | — | — | $263.1m | $406.9m | $612.6m | $979.0m | $1.2b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $263.1m | $406.9m | $612.6m | $979.0m | $1.2b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $108.1m | $131.9m | $182.6m | $171.2m | $291.1m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $108.1m | $131.9m | $182.6m | $171.2m | $291.1m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($155.0m) | ($275.0m) | ($430.0m) | ($807.9m) | ($871.9m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($155.0m) | ($275.0m) | ($430.0m) | ($807.9m) | ($871.9m) | |
| Common stock withheld for payroll taxes upon vesting of restricted stock | — | — | — | — | ($239k) | ($1.4m) | ($1.0m) | ($1.1m) | ($2.7m) | ($1.1m) | — | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $203.0m | $181.5m | $178.5m | $157.8m | $179.3m | |
| Proceeds from Issuance of Common Stock | — | — | — | — | $50.4m | $98.1m | $203.0m | $181.5m | $178.5m | $157.8m | $179.3m | |
| Proceeds from common stock offering | — | — | — | — | $50.4m | $98.1m | $203.0m | $181.5m | $178.5m | $157.8m | — | |
| Common Stock Issuance | — | — | — | — | — | — | $203.0m | $181.5m | $178.5m | $157.8m | $179.3m | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($71.1m) | ($102.9m) | ($125.3m) | ($147.2m) | ($151.5m) | |
| Dividends paid | — | — | — | — | — | — | $71 | $103 | $125 | $147 | ($151.5m) | |
| Increase in dividend and interest receivable | ($514k) | $490k | ($1.2m) | ($724k) | ($144k) | ($1.5m) | ($6.8m) | ($4.8m) | ($8.1m) | ($4.4m) | — | |
| Dividends to shareholders | — | $0 | $0 | ($77.3m) | ($39.9m) | ($58.6m) | ($71.1m) | ($102.9m) | ($125.3m) | ($147.2m) | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($71.1m) | ($102.9m) | ($125.3m) | ($147.2m) | ($151.5m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($1.0m) | ($1.1m) | ($2.7m) | ($1.1m) | ($1.7m) | |
| Net Cash Provided by (Used in) Financing Activities | ($3.8m) |
($26.8m)
-604.46%
|
($4.2m)
+84.52%
|
($77.5m)
-1765.40%
|
$86.1m
+211.17%
|
$164.5m
+91.00%
|
$237.5m
+44.41%
|
$199.2m
-16.14%
|
$231.5m
+16.23%
|
$178.4m
-22.96%
|
— | |
| Net (decrease) increase in cash, cash equivalents and restricted cash | — | — | — | — | $17.9m | ($20.2m) | $10.2m | $10.7m | $12.6m | ($15.4m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | $17.9m | ($20.2m) | $10.2m | $10.7m | $12.6m | ($15.4m) | $58.9m | |
| Beginning Cash Position | — | — | — | — | — | — | $11.4m | $21.6m | $32.3m | $44.9m | $48.5m | |
| Cash, cash equivalents and restricted cash at beginning of period | — | — | — | — | $31.6m | $11.4m | $21.6m | $32.3m | $44.9m | $29.4m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | $17.9m | ($20.2m) | $21.6m | $32.3m | $44.9m | $29.4m | $58.9m | |
| Restricted cash | — | — | — | — | — | — | $0 | $0 | $1.6m | $400k | — | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | $8.5m | ($6.6m) | $17.2m | $40.0m | $46.8m | ($14.8m) | — | |
| Income Tax Expense (Benefit) | — | — | — | — | — | — | $329k | $944k | $2.3m | $1.1m | — | |
| Operating Lease, Expense | — | — | — | — | — | — | $300k | $300k | $500k | $500k | — | |
| Additional Financial Items | ||||||||||||
| General and Administrative Expense | — | — | — | — | — | — | $4.6m | $5.2m | $6.2m | $7.0m | — | |
| Operating Expenses | — | — | — | — | — | — | — | — | — | — | — | |
| Pension Cost (Reversal of Cost) | — | — | — | — | — | — | — | — | — | — | — | |
| Pension Expense (Reversal of Expense), Noncash | — | — | — | — | — | — | ($24k) | ($66k) | ($66k) | ($67k) | — | |
| Proceeds from Stock Options Exercised | — | — | — | — | — | — | — | — | — | — | — | |
| Realized Investment Gains (Losses) | — | — | — | — | — | — | ($17.2m) | ($40.0m) | ($46.8m) | $14.8m | — | |
| Stock or Unit Option Plan Expense | — | — | — | — | — | — | — | — | — | — | — | |
| Net increase in net assets from operations | — | — | — | — | $50.9m | $42.8m | $33.1m | $83.4m | $70.5m | $113.0m | — | |
| Proceeds from return of capital of investment in I-45 SLF LLC | — | — | — | — | — | $0 | $0 | $12.8m | $0 | $0 | — | |
| Payment of accreted original issue discounts | — | — | — | — | $1.2m | $3.7m | $1.6m | $2.2m | $2.5m | $2.7m | — | |
| Net pension benefit | ($369k) | ($291k) | ($300k) | ($34k) | ($110k) | ($132k) | ($24k) | ($66k) | ($66k) | ($67k) | — | |
| Realized loss on disposal of fixed assets | — | — | — | — | $0 | $86k | $0 | $0 | $20k | $2k | — | |
| Payment-in-kind interest | — | — | — | — | ($7.9m) | ($4.2m) | ($6.0m) | ($11.2m) | ($12.9m) | ($14.1m) | — | |
| (Increase) decrease in tax receivable | — | — | — | — | ($8k) | ($4k) | ($209k) | $31k | $241k | ($623k) | — | |
| (Decrease) increase in taxes payable | — | — | — | — | ($463k) | $1.2m | ($1.1m) | $126k | $2.5m | ($2.1m) | — | |
| Acquisition of fixed assets | — | — | — | — | $0 | ($2.0m) | ($281k) | ($13k) | ($1.7m) | ($286k) | — | |
| Repayments of Credit Facilities | — | — | — | — | ($216.0m) | ($230.0m) | ($155.0m) | ($275.0m) | ($290.0m) | ($586.0m) | — | |
| Proceeds from issuance of SBA Debentures | — | — | — | — | $0 | $39.0m | $78.1m | $32.2m | $21.5m | $46.8m | — | |
| Proceeds from issuance of September 2030 Notes | — | — | — | — | — | — | — | $0 | $0 | $344.2m | — | |
| Proceeds from issuance of 2029 Convertible Notes | — | — | — | — | — | — | $0 | $0 | $223.1m | $0 | — | |
| Proceeds from issuance of August 2028 Notes | — | — | — | — | $187.6m | $146.4m | $0 | $69.7m | $0 | $0 | — | |
| Redemption of notes | — | — | — | — | ($77.1m) | ($125.0m) | $0 | $0 | ($140.0m) | ($221.9m) | — | |
| Distributions in kind received | — | — | — | — | — | $0 | $0 | $72.5m | $0 | $0 | — | |
| Change In Payable | — | — | — | — | — | — | ($1.1m) | $126k | $2.5m | ($2.1m) | ($6.0m) | |
| Changes In Cash | — | — | — | — | — | — | $10.2m | $10.7m | $12.6m | ($15.4m) | $10.3m | |
| End Cash Position | — | — | — | — | — | — | $21.6m | $32.3m | $44.9m | $29.4m | $58.9m | |
| Financing Cash Flow | — | — | — | — | — | — | $237.5m |
$199.2m
-16.14%
|
$231.5m
+16.23%
|
$178.4m
-22.96%
|
$315.3m
+76.79%
|
|
| Free Cash Flow | — | — | — | — | — | — | ($227.4m) | ($188.5m) | ($218.9m) | ($193.8m) | ($305.0m) | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($262.2m) | ($262.8m) | ($284.9m) | ($290.8m) | ($396.0m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($281k) | ($13k) | ($1.7m) | ($286k) | ($145k) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($281k) | ($13k) | ($1.7m) | ($286k) | ($145k) | |
| Other Non Cash Items | — | — | — | — | — | — | $3.1m | ($9.5m) | ($4.1m) | ($17.6m) | — | |
| Purchase Of PPE | — | — | — | — | — | — | ($281k) | ($13k) | ($1.7m) | ($286k) | ($1.8m) | |
| Cash and cash equivalents | $4.1m | $45.5m | $64.9m | $81.8m | — | — | $21.6m | $32.3m | $43.2m | $29.0m | $48.5m | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $10.2m | $10.7m | $12.6m | ($15.4m) | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — | $11.7m | $18.4m | $25.5m | $37.8m | $46.6m | $63.8m | — | |
| Income Taxes Paid, Net | $0 | $0 | $0 | $590k | $1.5m | $461k | $1.9m | $1.2m | $1.4m | $12.3m | — |