← PENNANTPARK INVESTMENT CORP
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||
| Net Income From Continuing Operations | — | — | ($24.7m) | ($33.8m) | $48.9m | $32.7m | |
| Net Income (Loss) Attributable to Parent | — | — | ($24.7m) | ($33.8m) | $48.9m | $32.7m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | ($24.7m) | ($33.8m) | $48.9m | $32.7m | |
| Amortization of Debt Issuance Costs | — | — | $2.0m | $1.8m | $1.8m | $1.8m | |
| Net change in unrealized (appreciation) depreciation on investments | $46.2m | ($117.9m) | $110.0m | ($59.6m) | ($27.5m) | ($39.2m) | |
| Net change in unrealized depreciation on debt | ($12.3m) | $17.8m | ($7.5m) | $3.8m | $4.4m | $116k | |
| Net accretion of discount and amortization of premium | ($2.6m) | ($3.5m) | ($5.5m) | ($6.8m) | ($3.4m) | ($3.4m) | |
| Deferred tax liability | — | $0 | $896k | ($896k) | $0 | $0 | |
| Gain (Loss) on Extinguishment of Debt | — | — | ($2.9m) | ($289k) | $0 | $0 | |
| Debt extinguishment realized loss | — | $0 | $2.9m | $289k | $0 | $0 | |
| Additional Financial Items | |||||||
| Gain (Loss) on Investments | — | — | $34.8m | ($156.8m) | ($33.6m) | ($52.4m) | |
| General and Administrative Expense | — | — | $1.0m | $3.8m | $4.9m | $4.3m | |
| Realized Investment Gains (Losses) | — | — | $43.9m | ($151.5m) | ($33.8m) | ($52.5m) | |
| Unrealized Gain (Loss) on Investments | — | — | ($110.0m) | — | — | — | |
| Net increase (decrease) in net assets resulting from operations | ($16.0m) | $166.6m | ($24.7m) | ($33.8m) | $48.9m | $32.7m | |
| Net realized (gain) loss on investments | $11.6m | ($30.0m) | ($43.9m) | $151.5m | $33.8m | $52.5m | |
| Payment-in-kind income | ($14.5m) | ($15.2m) | ($9.2m) | ($4.5m) | ($9.6m) | ($7.8m) | |
| Proceeds from dispositions of investments | $162.7m | $434.5m | $911.6m | $418.6m | $824.6m | $1.3b | |
| Interest receivable | $1.2m | $47k | $1.4m | ($3.2m) | $1.6m | $0 | |
| Receivables from investments sold | — | ($12.8m) | ($16.7m) | $29.5m | $0 | $0 | |
| Distribution receivable | ($1.4m) | ($300k) | ($726k) | ($2.7m) | ($338k) | $723k | |
| Due from affiliate | — | — | $0 | $0 | ($228k) | $60k | |
| Prepaid expenses and other assets | ($436k) | $376k | ($4.4m) | ($306k) | $3.6m | ($105k) | |
| Due to affiliates | — | $0 | $2.1m | $2.0m | ($4.1m) | ($33k) | |
| Interest payable on debt | ($873k) | $2.9m | $1.3m | ($33k) | $175k | ($125k) | |
| Base management fee payable, net | ($272k) | $211k | $269k | ($934k) | $382k | ($292k) | |
| Incentive fee payable | — | $575k | ($575k) | $3.3m | ($253k) | ($971k) | |
| Accounts payable and accrued expenses | — | $624k | $5.6m | $115k | ($2.7m) | $289k | |
| Proceeds from public offering | — | — | $0 | $0 | $552k | $0 | |
| Offering Costs | — | — | $0 | $0 | ($250k) | $0 | |
| Distributions paid to stockholders | ($44.2m) | ($32.2m) | ($34.9m) | ($45.7m) | ($65.9m) | ($67.9m) | |
| Net repayments of the 2024 Notes | — | $0 | ($86.2m) | $0 | $0 | — | |
| Proceeds from Notes issuance | $10.9m | $145.5m | $160.5m | $0 | $0 | — | |
| Repayments of SBA debentures | ($31.5m) | ($55.0m) | ($43.5m) | ($20.0m) | $0 | $0 | |
| Borrowings under Truist Credit Facility | $421.0m | $310.3m | $860.8m | $152.5m | $524.0m | $207.0m | |
| Repayments under Truist Credit Facility | ($260.4m) | ($382.0m) | ($791.5m) | ($326.0m) | ($275.0m) | ($242.0m) | |
| Non-cash exchanges and conversions | $108.8m | $16.5m | ($99.8m) | $18.5m | $36.3m | $24.7m | |
| Beginning Cash Position | — | — | $20.4m | $54.8m | $38.8m | $49.9m | |
| Change In Accrued Expense | — | $625k | $5.6m | — | — | — | |
| Change In Other Current Liabilities | — | — | $896k | ($896k) | $0 | $0 | |
| Change In Payable | — | — | $298k | $104.4m | ($6.3m) | $28.8m | |
| Change In Prepaid Assets | — | — | ($4.4m) | ($306k) | $3.6m | ($105k) | |
| Change In Receivables | — | — | ($16.1m) | $23.6m | $993k | $783k | |
| Change In Working Capital | — | — | ($19.3m) | $126.8m | ($1.7m) | $29.5m | |
| Changes In Cash | — | — | $34.8m | ($16.2m) | $11.0m | $1.9m | |
| End Cash Position | — | — | $54.8m | $38.8m | $49.9m | $51.8m | |
| Financing Cash Flow | — | — | $52.0m | ($239.2m) | $183.4m | ($102.9m) | |
| Free Cash Flow | — | — | ($17.3m) | $222.9m | ($172.4m) | $104.8m | |
| Gain Loss On Investment Securities | — | — | $36.5m | $139.1m | ($208.3m) | $52.0m | |
| Issuance Of Capital Stock | — | — | $0 | $0 | $552k | $0 | |
| Other Non Cash Items | — | — | ($9.8m) | ($9.2m) | ($11.2m) | ($9.4m) | |
| Repurchase Of Capital Stock | — | $0 | ($13.2m) | $0 | $0 | — | |
| Net Cash Provided by (Used in) Operating Activities | ($129.6m) | $7.9m | ($19.4m) | $222.9m | ($172.4m) | $104.8m | |
| Payments to Acquire Investments | — | — | $943.0m | $379.6m | $784.2m | $754.3m | |
| Purchases of investments | ($319.3m) | ($441.4m) | ($933.8m) | ($375.2m) | ($1.0b) | ($1.2b) | |
| Payable for investments purchased | $5.5m | $2.9m | ($8.4m) | $99.9m | $147k | $29.9m | |
| Non-cash purchases and disposition of investments | — | — | — | $0 | $0 | $26.2m | |
| Cash flows from financing activities: | |||||||
| Debt issuance costs | $1.9m | $2.5m | $2.0m | $1.8m | $1.8m | $1.8m | |
| Issuance Of Debt | — | — | $1.0b | $152.5m | $524.0m | $207.0m | |
| Long Term Debt Issuance | — | — | $1.0b | $152.5m | $524.0m | $207.0m | |
| Net Issuance Payments Of Debt | — | — | $100.1m | ($193.5m) | $249.0m | ($35.0m) | |
| Net Long Term Debt Issuance | — | — | $100.1m | ($193.5m) | $249.0m | ($35.0m) | |
| Long Term Debt Payments | — | — | ($921.2m) | ($346.0m) | ($275.0m) | ($242.0m) | |
| Repayment Of Debt | — | — | ($921.2m) | ($346.0m) | ($275.0m) | ($242.0m) | |
| Common Stock Issuance | — | — | $0 | $0 | $552k | $0 | |
| Net Common Stock Issuance | — | — | ($13.2m) | $0 | $552k | $0 | |
| Payments for Repurchase of Common Stock | — | — | $13.2m | $0 | $0 | — | |
| Repurchase of common stock | — | $0 | ($13.2m) | $0 | $0 | — | |
| Common Stock Payments | — | $0 | ($13.2m) | $0 | $0 | — | |
| Dividends paid | — | — | $35 | $46 | $66 | $68 | |
| Cash Dividends Paid | — | — | ($34.9m) | ($45.7m) | ($65.9m) | ($67.9m) | |
| Common Stock Dividend Paid | — | — | ($34.9m) | ($45.7m) | ($65.9m) | ($67.9m) | |
| Net Other Financing Charges | — | — | $0 | $0 | $0 | $0 | |
| Net Cash Provided by (Used in) Financing Activities | $95.8m | ($13.4m) | $52.0m | ($239.2m) | $183.4m | ($102.9m) | |
| Effect of exchange rate changes on cash | $109k | $67k | ($332k) | $217k | $48k | $54k | |
| Effect Of Exchange Rate Changes | — | — | ($332k) | $217k | $48k | $54k | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $32.6m | — | — | — | |
| Net increase (decrease) in cash and cash equivalents | ($33.8m) | ($5.5m) | $32.6m | ($16.2m) | $11.0m | $1.9m | |
| Cash and cash equivalents, beginning of year | $25.8m | $20.4m | $52.7m | $38.8m | $49.9m | $51.8m | |
| Supplemental disclosure of cash flow information: | |||||||
| Change In Cash Supplemental As Reported | — | — | $34.8m | ($16.2m) | $11.0m | $1.9m | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $31.2m | $17.1m | $25.5m | $37.7m | $43.3m | $39.7m | |
| Income Taxes Paid, Net | $1.0m | $984k | $5.5m | $5.7m | $6.3m | $2.9m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.