Goldman Sachs 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 $192.4m $55.0m $195.9m $62.9m $119.3m $74.1m
Amortization of Debt Issuance Costs $6.3m $8.8m $8.4m
Amortization of Debt Issuance Costs and Discounts $7.3m $6.3m
Net change in unrealized (appreciation) depreciation on investments ($115.8m) $89.5m $155.5m ($25.4m) $37.1m ($64.7m)
Net change in unrealized (appreciation) depreciation on foreign currency forward contracts and transactions $333k ($244k) $437k $180k ($517k) $28k
Amortization of premium and accretion of discount, net ($22.2m) ($88.2m) ($39.6m) ($35.9m) ($25.8m) ($21.8m)
Amortization of deferred financing and debt issuance costs $4.7m $7.3m $6.3m $6.3m $8.8m $8.4m
Change In Working Capital ($6.6m) $6.5m $15.8m ($5.5m) ($33.6m)
Change In Receivables ($8.5m) ($6.8m) $10.4m $1.2m ($1.5m)
Increase (decrease) in accrued expenses and other liabilities ($5.4m) ($62k) $1.8m $1.5m $3.2m ($3.2m) ($1.4m)
Accrued but unpaid excise tax expense $1.6m $1.4m $3.5m $5.1m $6.0m $4.3m
Accrued but unpaid distributions $45.7m $45.8m $46.3m $49.3m $52.8m $36.0m
Change In Accrued Expense $1.8m $1.5m $3.2m ($3.2m) ($1.4m)
(Increase) decrease in other assets ($1.3m) ($770k) $1.8m ($1.2m) $1.1m ($4.5m)
Change In Other Current Assets $1.8m ($1.2m) $1.1m ($4.5m) ($38.3m)
Change In Other Current Liabilities $0 $0 $0 $0 $0
Net Cash Provided by (Used in) Operating Activities $165.8m
($29.9m) -118.01%
$27.4m +191.90%
$300.7m +995.86%
$2.5m -99.18%
$325.7m +13155.27%
Gain (Loss) on Investments ($44.6m) ($173.3m) ($50.7m) ($189.5m) ($62.2m) $203.6m
Investments in affiliated money market fund, net ($25.2m) ($10.5m)
Net realized (gain) loss on investments $43.8m ($40.5m) $19.0m $71.8m $158.0m $123.1m
Exchange of investments $9.5m $153.3m $119.6m $204.2m $111.0m
Purchases of investments ($443.2m) ($1.7b) ($712.7m) ($394.4m) ($995.9m) ($938.1m)
Proceeds from sales of investments and principal repayments $362.7m $1.5b $571.0m $508.1m $822.5m $1.1b
Cash flows from financing activities:
Increase (decrease) in interest and other debt expenses payable $6.4m $5.3m ($1.7m) $173k $7.6m $4.2m
Borrowings on debt $1.3b $1.1b $846.2m $378.5m $1.1b $1.6b
Deferred financing and debt issuance costs paid ($24.8m) ($4.6m) ($2.9m) ($5.3m) ($8.2m) ($9.7m)
Issuance Of Debt $846.2m $378.5m $1.1b $1.6b $2.1b
Long Term Debt Issuance $846.2m $378.5m $1.1b $1.6b $2.1b
Net Issuance Payments Of Debt $147.7m ($189.2m) $103.6m ($48.9m) $45.6m
Net Long Term Debt Issuance $147.7m ($189.2m) $103.6m ($48.9m) $45.6m
Repayments of debt ($1.3b) ($898.2m) ($698.5m) ($567.7m) ($995.6m) ($1.6b) ($2.1b)
Long Term Debt Payments ($698.5m) ($567.7m) ($995.6m) ($1.6b) ($2.1b)
Repayment Of Debt ($698.5m) ($567.7m) ($995.6m) ($1.6b) ($2.1b)
Issuance Of Capital Stock $14.0m $98.1m $109.9m $0 $0
Repurchase Of Capital Stock $0 $0 ($52.2m) ($52.2m)
Proceeds from Issuance of Common Stock $14.2m $109.9m
Proceeds from issuance of common stock (net of underwriting costs) $14.0m $98.1m $109.9m $109.9m
Common Stock Issuance $14.0m $98.1m $109.9m $0 $109.9m
Payments for Repurchase of Common Stock $52.2m
Common Stock Payments $0 $0 ($52.2m)
Common Stock Dividend Paid ($180.0m) ($191.0m) ($197.7m) ($233.5m) ($220.1m)
(Increase) decrease in interest and dividends receivable ($2) ($2) ($9) ($7) $10 $1
Cash Dividends Paid ($180.0m) ($191.0m) ($197.7m) ($233.5m) ($220.1m)
Net Other Financing Charges $0 $0 $0 $0 $0
Net cash provided by (used for) financing activities ($143.1m)
$31.7m +122.15%
($21.7m) -168.62%
($288.0m) -1224.23%
$7.1m +102.48%
($344.5m) -4920.21%
Net Cash Provided by (Used in) Financing Activities $31.7m
($21.7m) -168.62%
($288.0m) -1224.23%
$7.1m +102.48%
($344.5m) -4920.21%
Net increase (decrease) in cash $22.7m $1.8m $5.7m $12.7m $9.6m ($18.8m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $1.8m $5.7m $41.9m
Cash, beginning of period $32.1m $33.8m $39.6m $52.4m $61.8m $43.2m
Beginning Cash Position $33.8m $39.6m $52.4m $61.8m $82.8m
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($211k) $147k $62k ($171k) $186k ($71k)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $33.8m $39.6m $52.4m $61.8m $43.2m $41.9m
Effect of foreign exchange rate changes on cash $55k ($211k) $147k $62k ($171k) $186k
Effect Of Exchange Rate Changes $147k $62k ($171k) $186k ($71k)
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Income Tax Expense (Benefit) $1.3m $4.5m $4.8m $5.3m
Additional Financial Items
Investment Company Distribution Ordinary Income $197.1m $208.5m $216.8m
Operating Expenses $139.9m $136.2m $204.8m $176.5m $180.0m
Realized Investment Gains (Losses) $40.5m ($19.0m) ($71.8m) ($158.0m) ($123.1m)
Net increase (decrease) in net assets from operations: $176.1m $192.4m $55.0m $195.9m $62.9m $119.3m
Payment-in-kind interest capitalized ($6.6m) ($17.1m) ($20.9m) ($32.4m) ($55.1m) ($33.6m)
Increase (decrease) in management fees payable ($1.9m) $2.4m $693k ($355k) $72k ($599k)
Increase (decrease) in incentive fees payable ($5.9m) ($1.9m) ($760k) $13.0m ($6.7m) ($2.5m)
Offering costs paid ($557k) ($680k) ($515k) ($229k)
Distributions paid ($145.6m) ($193.0m) ($180.0m) ($191.0m) ($197.7m) ($233.5m)
Reinvestment of stockholder distributions $2.1m $5.2m $3.8m $3.1m $7.3m
Change In Payable ($1.8m) $12.9m $951k $1.1m $7.6m
Changes In Cash $5.7m $12.7m $9.6m ($18.8m) ($40.8m)
End Cash Position $39.6m $52.4m $61.8m $43.2m $41.9m
Financing Cash Flow ($21.7m)
($288.0m) -1224.23%
$7.1m +102.48%
($344.5m) -4920.21%
($243.1m) +29.43%
Free Cash Flow $27.4m $300.7m $2.5m $325.7m $202.2m
Gain Loss On Investment Securities $33.2m $160.3m ($4.1m) $258.9m $203.6m
Other Non Cash Items ($54.1m) ($61.9m) ($72.1m) ($47.0m)
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported $5.7m $12.7m $9.6m ($18.8m)
Interest Paid, Excluding Capitalized Interest, Operating Activities $27.2m $41.9m $72.0m $102.6m $93.9m $95.6m
Interest Income Operating Paid In Kind $27.2m $41.9m $72.0m $32.4m $93.9m $95.6m

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.