← Kayne Anderson BDC, Inc.
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||
| Net Income From Continuing Operations | — | $45.8m | $77.1m | $131.9m | $93.7m | $88.7m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $22.3m | $45.8m | $77.1m | — | $0 | — | |
| Amortization of Debt Issuance Costs | $260k | $2.1m | $2.7m | $3.7m | $4.0m | — | |
| Amortization of deferred financing cost | $260k | $2.1m | $2.7m | $3.7m | $4.0m | — | |
| Deferred Income Tax Expense (Benefit) | — | — | — | $717k | $1.7m | — | |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | $0 | $1 | $4 | $22 | — | — | |
| Change In Working Capital | — | $3.2m | $11.5m | ($12.6m) | ($13.7m) | ($7.1m) | |
| Change In Receivables | — | ($8.4m) | ($2.4m) | ($2.5m) | ($13.3m) | ($7.4m) | |
| Increase/(decrease) in accrued excise tax expense | — | — | $101k | $724k | ($350k) | — | |
| Increase/(decrease) in accrued expenses and other liabilities | — | $4.7m | $4.7m | $3.3m | $6.5m | $148k | |
| Change In Accrued Expense | — | $4.7m | $4.8m | $4.0m | $6.2m | $148k | |
| Gain (Loss) on Disposition of Other Assets | — | — | — | $708k | $607k | — | |
| (Increase)/decrease in prepaid expenses and other assets | $29k | ($199k) | $28k | ($639k) | $667k | — | |
| Change In Other Current Assets | $202k | $29k | $0 | $0 | — | $0 | |
| Change In Other Current Liabilities | — | $0 | $0 | $0 | $0 | $0 | |
| Net Cash Provided by (Used in) Operating Activities | ($559.1m) |
($541.8m)
+3.11%
|
($110.1m)
+79.69%
|
($544.5m)
-394.76%
|
($98.7m)
+81.87%
|
— | |
| Gain (Loss) on Investments | — | — | — | $2.7m | ($22.2m) | $10.6m | |
| Unrealized Gain (Loss) on Investments | $11.8m | $5.5m | $2.9m | $2.1m | ($22.2m) | — | |
| Net realized (gains)/losses on investments | ($332k) | ($84k) | $10.7m | ($570k) | $79k | — | |
| Net change in unrealized (gains)/losses on investments | ($11.8m) | ($5.5m) | ($2.9m) | ($2.8m) | $22.2m | — | |
| Net accretion of discount on investments | ($1.2m) | ($4.8m) | ($9.8m) | ($12.5m) | ($15.3m) | — | |
| (Increase)/decrease in receivable for principal payments on investments | — | ($111k) | $7k | ($436k) | $232k | — | |
| Sales (purchases) of investments in money market funds, net | — | — | ($3.0m) | ($35.9m) | $23.3m | — | |
| Purchases of portfolio investments | ($647.5m) | ($718.2m) | ($391.3m) | ($983.5m) | ($773.8m) | — | |
| Increase/(decrease) in payable for investments purchased | — | $956k | ($956k) | — | — | — | |
| Proceeds from sales of investments and principal repayments | $82.5m | $142.1m | $196.6m | $370.4m | $569.9m | — | |
| Cash flows from financing activities: | |||||||
| Debt and Equity Securities, Realized Gain (Loss) | — | — | — | $570k | — | — | |
| Borrowings/(payments) on Corporate Credit Facility, net | — | $269.0m | ($35.0m) | $16.0m | ($115.0m) | — | |
| Borrowings on Revolving Funding Facility, net | — | $200.0m | $106.0m | $114.0m | $105.0m | — | |
| Borrowings on Revolving Funding Facility II, net | — | — | $70.0m | $43.0m | $82.0m | — | |
| Borrowings/(payments) on Subscription Credit Agreement, net | $105.0m | $3.0m | ($97.2m) | ($10.8m) | — | — | |
| Payments of debt issuance costs | ($932k) | ($6.9m) | ($3.7m) | ($7.2m) | ($6.8m) | — | |
| Issuance Of Debt | — | $472.0m | $251.0m | $173.0m | $387.0m | $201.5m | |
| Long Term Debt Issuance | — | $472.0m | $251.0m | $173.0m | $387.0m | $201.5m | |
| Net Issuance Payments Of Debt | — | $310.0m | $118.8m | $162.2m | $272.0m | $122.5m | |
| Net Long Term Debt Issuance | — | $310.0m | $118.8m | $162.2m | $272.0m | $122.5m | |
| Long Term Debt Payments | — | ($162.0m) | ($132.2m) | ($10.8m) | ($115.0m) | ($79.0m) | |
| Repayment Of Debt | — | ($162.0m) | ($132.2m) | ($10.8m) | ($115.0m) | ($79.0m) | |
| Issuance Of Capital Stock | — | $268.2m | $90.6m | $481.0m | $0 | $0 | |
| Repurchase Of Capital Stock | — | $0 | $0 | ($1.5m) | ($48.0m) | ($69.0m) | |
| Proceeds from Issuance of Common Stock | $299.5m | $268.2m | $90.6m | $481.0m | — | $481.0m | |
| Common Stock Issuance | — | $268.2m | $90.6m | $481.0m | $0 | $481.0m | |
| Net Common Stock Issuance | — | $268.2m | $90.6m | $479.5m | ($48.0m) | ($69.0m) | |
| Payments for Repurchase of Common Stock | — | — | — | $1.5m | $48.0m | — | |
| Common Stock Payments | — | $0 | $0 | ($1.5m) | ($48.0m) | ($69.0m) | |
| Common Stock Dividend Paid | — | ($23.1m) | ($70.0m) | ($101.8m) | ($123.3m) | ($119.0m) | |
| Dividends paid | — | — | — | — | $123 | ($119.0m) | |
| (Increase)/decrease in interest and dividends receivable | ($2) | ($8) | ($2) | ($2) | ($6) | — | |
| Dividends paid in cash | — | ($23) | ($70) | ($102) | ($123) | ($119.0m) | |
| Non-cash financing activities not included herein consisted of reinvestment of dividends | $1 | $6 | $5 | $4 | $4 | — | |
| Cash Dividends Paid | — | ($23.1m) | ($70.0m) | ($101.8m) | ($123.3m) | ($119.0m) | |
| Net Other Financing Charges | — | $0 | $0 | $0 | $496k | ($47k) | |
| Net Cash Provided by (Used in) Financing Activities | $561.2m |
$548.3m
-2.30%
|
$135.6m
-75.27%
|
$532.8m
+292.94%
|
$94.4m
-82.29%
|
— | |
| Net increase (decrease) in cash | $2.0m | $6.5m | $25.5m | ($11.7m) | ($4.3m) | — | |
| Cash, beginning of period | $2.0m | $8.5m | $34.1m | $22.4m | $18.0m | — | |
| Beginning Cash Position | — | $2.0m | $8.5m | $34.1m | $22.4m | $17.4m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $2.0m | $8.5m | $34.1m | $22.4m | $18.0m | $14.3m | |
| Additional Supplementary Disclosures | |||||||
| Additional Supplementary Disclosures | |||||||
| Additional Financial Items | |||||||
| Investment Company Distribution Ordinary Income | — | — | — | $111.9m | $126.2m | — | |
| Investment Income, Interest | $18.8m | $74.8m | $160.4m | — | — | — | |
| Operating Expenses | $8.6m | $34.6m | $76.2m | $101.6m | $120.3m | — | |
| Realized Investment Gains (Losses) | $332k | $84k | ($10.7m) | $570k | ($79k) | — | |
| Net increase (decrease) in net assets resulting from operations | $22.3m | $45.8m | $77.1m | $131.9m | $93.7m | — | |
| Increase/(decrease) in management fees payable | $952k | $1.5m | $581k | $716k | $1.9m | — | |
| Increase/(decrease) in incentive fee payable | $65k | $4.7m | $9.4m | ($14.2m) | $3.9m | — | |
| Proceeds from issuance of common shares | $299.5m | $268.2m | $90.6m | $481.0m | — | — | |
| Proceeds from issuance of Notes | — | — | $75.0m | — | $200.0m | — | |
| Repurchase of common shares | — | — | — | ($1.5m) | ($48.0m) | — | |
| Change In Payable | — | $7.1m | $9.1m | ($13.5m) | $5.8m | $189k | |
| Change In Prepaid Assets | — | ($199k) | $28k | ($639k) | ($12.3m) | $39k | |
| Changes In Cash | — | $6.5m | $25.5m | ($11.7m) | ($4.3m) | ($3.0m) | |
| End Cash Position | — | $8.5m | $34.1m | $22.4m | $18.0m | $14.3m | |
| Financing Cash Flow | — | $548.3m |
$135.6m
-75.27%
|
$532.8m
+292.94%
|
$94.4m
-82.29%
|
($71.4m)
-175.64%
|
|
| Free Cash Flow | — | ($541.8m) | ($110.1m) | ($544.5m) | ($98.7m) | $68.3m | |
| Gain Loss On Investment Securities | — | ($587.9m) | ($189.9m) | ($652.3m) | ($158.3m) | $10.6m | |
| Other Non Cash Items | — | ($2.8m) | ($8.7m) | ($11.5m) | ($20.4m) | — | |
| Supplemental disclosure of cash flow information: | |||||||
| Change In Cash Supplemental As Reported | — | $6.5m | $25.5m | ($11.7m) | ($4.3m) | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $2.3m | $14.2m | $44.4m | $55.0m | $67.5m | — |