← New Mountain Finance Corp
| Annual Trend | FY 2020 | 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 | — | $207.2m | $74.5m | $136.1m | $114.5m | $17.0m | ($47.7m) | |
| Net Income (Loss) Attributable to Parent | — | $201.4m |
$74.7m
-62.89%
|
$135.3m
+81.10%
|
$113.4m
-16.18%
|
$16.5m
-85.47%
|
— | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | $5.8m | ($204k) | $747k | $1.1m | $485k | — | |
| Amortization of Debt Issuance Costs | — | $7.4m | $6.8m | $6.8m | $9.8m | $8.8m | — | |
| Net change in unrealized depreciation (appreciation) of investments and NMNLC | $53.7m | ($92.4m) | $84.1m | ($10.3m) | ($15.7m) | $162.6m | — | |
| Net change in unrealized (appreciation) depreciation on translation of assets and liabilities in foreign currencies | $0 | $81k | $1.1m | ($100k) | $606k | ($480k) | — | |
| Net change in unrealized depreciation of securities purchased under collateralized agreements to resell | $0 | $0 | $4.9m | $39k | $3.0m | $0 | — | |
| Amortization of purchase discount | ($10.3m) | ($8.6m) | ($5.6m) | ($6.3m) | ($7.4m) | ($8.8m) | — | |
| Amortization of deferred financing costs | $4.9m | $7.4m | $6.8m | $6.8m | $9.8m | $8.8m | — | |
| Amortization of debt discount (premium) | ($103k) | ($103k) | ($130k) | ($130k) | $620k | $1.2m | — | |
| Deferred Income Tax Expense (Benefit) | — | $114k | $8.5m | $1.3m | $2.1m | $409k | — | |
| Deferred tax liability (asset) | ($101k) | $101k | $0 | ($594k) | $594k | $0 | — | |
| Deferred tax asset (liability) | — | $13k | $8.5m | ($8.5m) | $1.4m | $409k | — | |
| Change In Working Capital | — | — | ($2.1m) | ($21.4m) | $824k | $915k | ($20.2m) | |
| Change In Receivables | — | — | ($5.3m) | ($8.0m) | $1.7m | ($457k) | $14.2m | |
| Other assets | ($2.1m) | ($5.1m) | $1.3m | ($6.6m) | ($2.9m) | $1.4m | — | |
| Other liabilities | $321k | $479k | $397k | ($272k) | ($349k) | ($139k) | — | |
| Change In Other Current Assets | — | — | $1.3m | ($6.6m) | ($2.9m) | $1.4m | $13.1m | |
| Change In Other Current Liabilities | — | — | $8.9m | ($9.4m) | $1.7m | $270k | ($179k) | |
| Net Cash Provided by (Used in) Operating Activities | $301.1m |
($22.1m)
-107.33%
|
$35.0m
+258.71%
|
$332.7m
+850.49%
|
$42.0m
-87.38%
|
$379.0m
+802.36%
|
— | |
| Net realized (gains) losses on investments and New Mountain Net Lease Corporation ("NMNLC") | $2.8m | $3.9m | ($52.7m) | $32.9m | $41.8m | ($43.2m) | — | |
| Non-cash activity on investments | $107.0m | $34.6m | $0 | $15.8m | $26.4m | $74.7m | — | |
| Cash paid for purchase of investments | — | ($1.2b) | ($662.1m) | ($311.8m) | ($843.6m) | ($436.1m) | — | |
| Cash flows from financing activities: | ||||||||
| Debt and Equity Securities, Realized Gain (Loss) | — | ($3.9m) | $52.7m | ($32.9m) | ($41.8m) | $43.2m | — | |
| Debt and Equity Securities, Unrealized Gain (Loss) | — | $92.4m | ($84.1m) | $10.3m | $15.7m | ($162.6m) | — | |
| Issuance Of Debt | — | — | $879.0m | $737.7m | $1.3b | $721.5m | $850.0m | |
| Long Term Debt Issuance | — | — | $879.0m | $737.7m | $1.3b | $721.5m | $850.0m | |
| Net Issuance Payments Of Debt | — | — | $73.7m | ($191.4m) | $61.2m | ($188.1m) | ($419.9m) | |
| Net Long Term Debt Issuance | — | — | $73.7m | ($191.4m) | $61.2m | ($188.1m) | ($419.9m) | |
| Long Term Debt Payments | — | — | ($805.3m) | ($929.1m) | ($1.3b) | ($909.6m) | ($1.3b) | |
| Repayment Of Debt | — | — | ($805.3m) | ($929.1m) | ($1.3b) | ($909.6m) | ($1.3b) | |
| Issuance Of Capital Stock | — | — | $40.0m | $21.2m | $67.7m | $0 | $0 | |
| Repurchase Of Capital Stock | — | — | — | $0 | $0 | ($52.0m) | ($107.9m) | |
| Proceeds from Issuance of Common Stock | — | $12.4m | $40.0m | $21.2m | $67.7m | $0 | $19.8m | |
| Common Stock Issuance | — | — | $40.0m | $21.2m | $67.7m | $0 | $19.8m | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | $52.0m | — | |
| Payments of Ordinary Dividends, Common Stock | — | $114 | $121 | $151 | $147 | $136 | ($121.4m) | |
| Common Stock Payments | — | — | — | $0 | $0 | ($52.0m) | ($107.9m) | |
| Common Stock Dividend Paid | — | — | ($121.3m) | ($150.7m) | ($147.2m) | ($135.7m) | ($121.4m) | |
| Interest and dividend receivable | $3.4m | ($2.5m) | ($5.3m) | ($7.9m) | $1.8m | $3.8m | — | |
| Cash Dividends Paid | — | — | ($121.3m) | ($150.7m) | ($147.2m) | ($135.7m) | ($121.4m) | |
| Net Other Financing Charges | — | — | ($9.4m) | ($693k) | ($925k) | ($358k) | ($58k) | |
| Net cash flows used in financing activities | ($270.7m) |
$1.2m
+100.44%
|
($21.5m)
-1891.83%
|
($333.9m)
-1452.80%
|
($31.4m)
+90.61%
|
($378.7m)
-1107.71%
|
— | |
| Net Cash Provided by (Used in) Financing Activities | — | $1.2m |
($21.5m)
-1891.83%
|
($333.9m)
-1452.80%
|
($31.4m)
+90.61%
|
($378.7m)
-1107.71%
|
— | |
| Net increase (decrease) in cash and cash equivalents | $30.4m | ($20.9m) | $13.5m | ($1.2m) | $10.6m | $245k | — | |
| Beginning Cash Position | — | — | $58.1m | $71.2m | $70.1m | $80.3m | $57.4m | |
| Cash and cash equivalents at the beginning of the period | $79.0m | $58.1m | $71.2m | $70.1m | $80.3m | $80.7m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $58.1m | $71.2m | $70.1m | $80.3m | $80.7m | $64.9m | |
| Effect of foreign exchange rate changes on cash and cash equivalents | $0 | ($32k) | ($391k) | $55k | ($409k) | $153k | — | |
| Effect Of Exchange Rate Changes | — | — | ($391k) | $55k | ($409k) | $153k | ($121k) | |
| Additional Supplementary Disclosures | ||||||||
| Additional Supplementary Disclosures | ||||||||
| Income Tax Expense (Benefit) | — | $232k | $9.3m | $1.8m | $2.4m | $430k | — | |
| Additional Financial Items | ||||||||
| Foreign Currency Transaction Gain (Loss), Realized | — | $15k | $827k | $13k | $420k | $0 | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | — | ($81k) | ($1.1m) | $100k | ($606k) | $480k | — | |
| Unrealized Gain (Loss) on Derivatives | — | — | — | — | ($209k) | $867k | — | |
| Net increase in net assets resulting from operations | $61.8m | $207.2m | $74.5m | $136.1m | $114.5m | $17.0m | — | |
| Net realized gains on translation of assets and liabilities in foreign currencies | $0 | ($15k) | ($827k) | ($13k) | ($420k) | $0 | — | |
| Net change due to hedging activity | — | — | $0 | $0 | $209k | ($867k) | — | |
| Non-cash investment income | ($37.5m) | ($50.4m) | ($40.0m) | ($61.5m) | ($70.1m) | ($60.7m) | — | |
| Cash distribution received for purchase of non-controlling interest in NMNLC | — | — | $0 | $0 | $244k | $0 | — | |
| Cash proceeds from investment | — | $1.1b | $626.7m | $568.3m | $811.8m | $738.4m | — | |
| Cash received for purchase of undrawn portion of revolving credit or delayed draw facilities | $299k | $811k | $370k | $224k | $464k | $238k | — | |
| Receivable from affiliates | $160k | $117k | $0 | ($82k) | ($131k) | ($168k) | — | |
| Receivable from unsettled securities sold | ($9.0m) | $9.0m | $0 | $0 | $0 | ($4.1m) | — | |
| Interest payable | ($897k) | $1.8m | $2.2m | $813k | ($3.2m) | ($5.2m) | — | |
| Management fee payable | — | ($255k) | $360k | ($408k) | $351k | ($1.3m) | — | |
| Incentive fee payable | — | $149k | ($1.2m) | $2.3m | $70k | ($5.6m) | — | |
| Payable for unsettled securities purchased | $25.1m | ($18.9m) | ($7.9m) | $0 | $0 | $463k | — | |
| Payable to affiliates | $194k | ($311k) | ($478k) | ($78k) | $0 | $0 | — | |
| Payable to broker | — | — | $0 | $0 | $3.2m | $11.4m | — | |
| Net proceeds from shares sold | $0 | $12.4m | $40.0m | $21.2m | $67.7m | $0 | — | |
| Repurchase of shares under repurchase programs | — | — | — | $0 | $0 | ($52.0m) | — | |
| Distributions paid | ($120.1m) | ($114.2m) | ($121.3m) | ($150.7m) | ($147.2m) | ($135.7m) | — | |
| Offering costs paid | ($278k) | ($205k) | ($204k) | ($409k) | ($444k) | ($76k) | — | |
| Proceeds from Credit Facility | $228.0m | $715.7m | $604.0m | $562.4m | $725.7m | $721.5m | — | |
| Repayments of Credit Facility | ($448.4m) | ($661.1m) | ($665.9m) | ($672.3m) | ($1.1b) | ($545.8m) | — | |
| Proceeds from Unsecured Notes | $0 | $200.0m | $75.0m | $115.0m | $595.0m | $0 | — | |
| Repayment from Unsecured Notes | $0 | ($141.8m) | ($55.0m) | ($140.0m) | ($116.5m) | $0 | — | |
| Proceeds from Convertible Notes | $0 | $0 | $200.0m | $60.3m | $0 | $0 | — | |
| Repayment of Convertible Notes | $0 | $0 | ($84.4m) | ($116.8m) | $0 | ($260.0m) | — | |
| Repayment of SBA-guaranteed debentures | — | — | — | $0 | $0 | ($103.8m) | — | |
| Distributions related to non-controlling interest in NMNLC | $0 | ($1.2m) | ($9.6m) | ($693k) | ($925k) | ($358k) | — | |
| Deferred financing costs paid | ($4.9m) | ($10.2m) | ($4.2m) | ($11.9m) | ($11.7m) | ($2.6m) | — | |
| Conversion of 2022 Convertible Notes to shares | — | — | — | $0 | $0 | $7k | — | |
| Accrual for offering costs | $0 | $21k | $68k | $147k | $106k | $41k | — | |
| Accrual for deferred financing costs | $0 | $11k | $152k | $213k | $108k | $57k | — | |
| Change In Payable | — | — | ($7.0m) | $2.6m | $416k | ($255k) | ($47.2m) | |
| Changes In Cash | — | — | $13.5m | ($1.2m) | $10.6m | $245k | $7.5m | |
| End Cash Position | — | — | $71.2m | $70.1m | $80.3m | $80.7m | $64.9m | |
| Financing Cash Flow | — | — | ($21.5m) |
($333.9m)
-1452.80%
|
($31.4m)
+90.61%
|
($378.7m)
-1107.71%
|
($653.0m)
-72.42%
|
|
| Free Cash Flow | — | — | $35.0m | $332.7m | $42.0m | $379.0m | $660.6m | |
| Gain Loss On Investment Securities | — | — | ($731k) | $279.4m | ($1.3m) | $432.4m | $666.2m | |
| Net Foreign Currency Exchange Gain Loss | — | — | $288k | ($113k) | $186k | ($480k) | $128.4m | |
| Other Non Cash Items | — | — | ($39.0m) | ($61.2m) | ($67.1m) | ($59.6m) | — | |
| Proceeds from Noncontrolling Interests | — | $1.8m | $124k | $0 | $0 | — | — | |
| Supplemental disclosure of cash flow information: | ||||||||
| Change In Cash Supplemental As Reported | — | — | $13.5m | ($1.2m) | $10.6m | $245k | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $72.1m | $61.7m | $81.8m | $115.5m | $127.3m | $114.9m | — | |
| Interest Income Operating Paid In Kind | $72.1m | $61.7m | $81.8m | $33.6m | $36.9m | $30.2m | — | |
| Income Taxes Paid, Net | $112k | $65k | $901k | $11.6m | $152k | ($301k) | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.