← Trinity Capital Inc.
| 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 (Loss), Including Portion Attributable to Noncontrolling Interest | — | $132.3m | ($30.4m) | $76.9m | $115.6m | $135.6m | — | |
| Net change in unrealized (appreciation)/depreciation from investments | $5.0m | ($80.3m) | $134.8m | ($15.1m) | ($9.5m) | ($55.9m) | — | |
| Amortization of deferred financing costs | $3.1m | $4.0m | $3.8m | $4.3m | $5.4m | $5.0m | — | |
| Amortization of Deferred Charges | — | — | — | $4.3m | $5.4m | $5.0m | — | |
| Stock-based compensation | — | $1.1m | $6.1m | $8.8m | $10.5m | $12.0m | — | |
| Share-based Payment Arrangement, Noncash Expense | — | $1.1m | $6.1m | $8.8m | $10.5m | $12.0m | — | |
| Change In Working Capital | — | — | $5.7m | ($5.5m) | $1.9m | $4.4m | ($1.3m) | |
| Change In Receivables | — | — | ($4.4m) | ($1.3m) | ($5.3m) | ($2.5m) | ($1.6m) | |
| Increase/(Decrease) in accounts payable, accrued expenses and other liabilities | $6.1m | $6.2m | $5.2m | $5.0m | $8.9m | $18.0m | — | |
| Accrued but unpaid distributions | $4.9m | $9.8m | $21.3m | $23.2m | $31.5m | — | — | |
| (Increase)/Decrease in other assets | ($939k) | ($6.4m) | ($1.1m) | ($6.4m) | $2.2m | ($5.7m) | — | |
| Change In Other Current Assets | — | — | $674k | ($6.4m) | $2.2m | ($5.7m) | ($7.1m) | |
| Change In Other Current Liabilities | — | — | $4.3m | ($2.8m) | ($3.8m) | ($5.5m) | ($3.2m) | |
| Net cash provided by/(used in) operating activities | ($58.2m) |
($241.7m)
-315.06%
|
($235.7m)
+2.45%
|
($96.3m)
+59.17%
|
($316.9m)
-229.22%
|
($535.5m)
-68.98%
|
— | |
| Net Cash Provided by (Used in) Operating Activities | ($58.2m) |
($241.7m)
-315.06%
|
($235.7m)
+2.45%
|
($96.3m)
+59.17%
|
($316.9m)
-229.22%
|
($535.5m)
-68.98%
|
— | |
| Cash flows from investing activities: | ||||||||
| Capital Expenditure | — | — | ($194k) | ($2.7m) | ($420k) | ($785k) | ($944k) | |
| Purchase of investments, net of deferred fees | ($239.8m) | ($555.7m) | ($627.2m) | ($632.8m) | ($1.2b) | ($1.5b) | — | |
| Proceeds from sales and paydowns of investments | $160.9m | $290.2m | $336.6m | $471.9m | $807.9m | $826.7m | — | |
| Net realized (gain)/loss from investments | $9.4m | ($12.7m) | ($32.9m) | $28.1m | $9.7m | $64.3m | — | |
| Accretion of original issue discounts and end of term payments on investments | ($11.8m) | ($21.2m) | ($32.2m) | ($33.0m) | ($39.6m) | ($50.7m) | — | |
| Non-cash settlement of investments | $1.3m | $916k | — | $21k | — | — | — | |
| Gain (Loss) on Sale of Investments | — | $12.7m | $32.9m | ($28.1m) | ($9.7m) | ($64.3m) | — | |
| Unrealized Gain (Loss) on Investments | — | $80.6m | ($134.8m) | $15.1m | $9.5m | $55.9m | — | |
| Net cash provided by/(used in) investing activities | ($92.0m) | ($1.2m) | ($194k) | ($2.7m) | ($420k) | ($785k) | — | |
| Net Cash Provided by (Used in) Investing Activities | ($92.0m) | ($1.2m) | ($194k) | ($2.7m) | ($420k) | ($785k) | — | |
| Cash flows from financing activities: | ||||||||
| Debt issuance cost paid | ($11.5m) | ($7.2m) | ($3.1m) | — | — | — | — | |
| Borrowings under Credit Facilities | $30.0m | $177.0m | $326.0m | $420.0m | $829.4m | $1.6b | — | |
| Proceeds from Issuance of Long-term Debt | — | $200.0m | $57.5m | — | $358.2m | — | $2.4b | |
| Issuance Of Debt | — | — | $380.4m | $420.0m | $1.2b | $1.9b | $2.4b | |
| Long Term Debt Issuance | — | — | $380.4m | $420.0m | $1.2b | $1.9b | $2.4b | |
| Long Term Debt Payments | — | — | ($229.5m) | ($394.5m) | ($959.4m) | ($1.5b) | ($2.0b) | |
| Net Issuance Payments Of Debt | — | — | $150.9m | $25.5m | $228.2m | $396.5m | $440.7m | |
| Net Long Term Debt Issuance | — | — | $150.9m | $25.5m | $228.2m | $396.5m | $440.7m | |
| Repayment Of Debt | — | — | ($229.5m) | ($394.5m) | ($959.4m) | ($1.5b) | ($2.0b) | |
| Issuance of common stock, net of issuance costs | $125.0m | $112.7m | $117.4m | $150.3m | $200.2m | $290.0m | $355.8m | |
| Common stock issuance costs | ($10.5m) | ($7.9m) | ($4.3m) | — | — | — | $355.8m | |
| Proceeds from Issuance of Common Stock | — | $112.7m | $117.4m | $150.3m | $200.2m | $290.0m | $355.8m | |
| Common Stock Dividend Paid | — | — | ($61.2m) | ($78.8m) | ($102.5m) | ($136.4m) | ($202.2m) | |
| Common Stock Issuance | — | — | $113.1m | $150.3m | $200.2m | $290.0m | $355.8m | |
| Common Stock Payments | — | — | ($3.0m) | ($3.8m) | ($3.7m) | ($4.4m) | ($4.5m) | |
| Issuance Of Capital Stock | — | — | $113.1m | $150.3m | $200.2m | $290.0m | $355.8m | |
| Net Common Stock Issuance | — | — | $110.1m | $146.5m | $196.5m | $285.6m | $351.3m | |
| Repurchase Of Capital Stock | — | — | ($3.0m) | ($3.8m) | ($3.7m) | ($4.4m) | ($4.5m) | |
| Cash Dividends Paid | — | — | ($61.2m) | ($78.8m) | ($102.5m) | ($136.4m) | ($202.2m) | |
| Net Other Financing Charges | — | — | $0 | $0 | $0 | $0 | $0 | |
| Net cash provided by/(used in) financing activities | $211.3m |
$228.5m
+8.15%
|
$199.8m
-12.56%
|
$93.2m
-53.38%
|
$322.2m
+245.88%
|
$545.8m
+69.39%
|
— | |
| Net Cash Provided by (Used in) Financing Activities | $211.3m |
$228.5m
+8.15%
|
$199.8m
-12.56%
|
$93.2m
-53.38%
|
$322.2m
+245.88%
|
$545.8m
+69.39%
|
— | |
| Net increase/(decrease) in cash, cash equivalents and restricted cash | $61.1m | ($14.4m) | ($36.1m) | ($5.9m) | $4.9m | $9.5m | — | |
| Cash, cash equivalents and restricted cash at beginning of period | $61.1m | $46.7m | $10.6m | $4.8m | $9.6m | $19.1m | — | |
| Beginning Cash Position | — | — | $46.7m | $10.6m | $4.8m | $9.6m | $26.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $46.7m | $10.6m | $4.8m | $9.6m | $19.1m | $22.2m | |
| Additional Supplementary Disclosures | ||||||||
| Additional Supplementary Disclosures | ||||||||
| Net increase/(decrease) in net assets resulting from operations | ($6.1m) | $132.3m | ($30.4m) | $76.9m | $115.6m | $135.6m | — | |
| (Increase)/Decrease in interest receivable | ($2.4m) | ($2.1m) | ($4.4m) | ($1.3m) | ($5.3m) | ($2.5m) | — | |
| Increase/(Decrease) in security deposits | $4.2m | $3.0m | $4.3m | ($2.8m) | ($3.8m) | ($5.5m) | — | |
| Increase/(Decrease) in due to related party | ($1.1m) | — | — | — | — | — | — | |
| Acquisition | ($91.7m) | — | — | — | — | — | $0 | |
| Disposal/(Acquisition) of fixed assets | ($253k) | ($1.2m) | ($194k) | ($2.7m) | ($420k) | ($785k) | — | |
| Stock repurchase and cancellation of shares, net of costs | — | — | ($2.0m) | ($1.0m) | — | — | — | |
| Retirement of employee shares | — | ($138k) | ($1.0m) | ($2.8m) | ($3.7m) | ($4.4m) | — | |
| Cash distributions paid | ($10.3m) | ($24.9m) | ($61.2m) | ($78.8m) | ($102.5m) | ($136.4m) | — | |
| Issuance of Secured Notes, net of issuance costs | — | — | — | — | — | $198.5m | — | |
| Issuance of Unsecured Notes, net of issuance costs | — | — | — | — | $358.2m | $154.9m | — | |
| Repayment of Unsecured Notes | — | — | — | — | ($30.0m) | ($217.8m) | — | |
| Repayments under Credit Facilities | ($85.0m) | ($221.0m) | ($229.5m) | ($394.5m) | ($929.4m) | ($1.3b) | — | |
| Cash paid for interest | $12.9m | $13.6m | $29.1m | $39.9m | $54.5m | $69.2m | — | |
| Income tax, including excise tax, paid | — | — | $283k | $2.3m | $2.6m | $2.7m | — | |
| Distribution payable | — | — | — | $23.2m | $31.5m | $41.6m | — | |
| Distributions reinvested | $3.4m | $4.1m | $3.0m | $2.2m | $1.3m | $1.4m | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $12.9m | $13.6m | $29.1m | $39.9m | $54.5m | $69.2m | — | |
| Derivative, Gain (Loss) on Derivative, Net | — | — | — | — | — | $8k | — | |
| General and Administrative Expense | — | $4.3m | $6.1m | $6.6m | $8.9m | $10.4m | — | |
| Operating Costs and Expenses | — | — | — | — | $119.6m | $149.9m | — | |
| Operating Expenses | — | $42.9m | $71.5m | $89.4m | $119.2m | $147.0m | — | |
| Operating Lease, Expense | — | $500k | $500k | $600k | $1.3m | $1.8m | — | |
| Realized Investment Gains (Losses) | — | $12.7m | $32.9m | ($28.1m) | ($9.7m) | ($64.3m) | — | |
| Change In Cash Supplemental As Reported | — | — | ($36.1m) | ($5.9m) | $4.9m | $9.5m | — | |
| Change In Payable | — | — | $5.2m | $5.0m | $8.9m | $18.0m | $10.6m | |
| Changes In Cash | — | — | ($36.1m) | ($5.9m) | $4.9m | $9.5m | ($4.1m) | |
| End Cash Position | — | — | $10.6m | $4.8m | $9.6m | $19.1m | $22.2m | |
| Financing Cash Flow | — | — | $199.8m |
$93.2m
-53.38%
|
$322.2m
+245.88%
|
$545.8m
+69.39%
|
$589.9m
+8.08%
|
|
| Free Cash Flow | — | — | ($235.9m) | ($99.0m) | ($317.3m) | ($536.3m) | ($593.9m) | |
| Gain Loss On Investment Securities | — | — | ($188.7m) | ($147.8m) | ($410.8m) | ($641.8m) | ($694.5m) | |
| Investing Cash Flow | — | — | ($194k) | ($2.7m) | ($420k) | ($785k) | ($944k) | |
| Net Business Purchase And Sale | — | $0 | $0 | — | — | — | $0 | |
| Net PPE Purchase And Sale | — | — | ($194k) | ($2.7m) | ($420k) | ($785k) | ($944k) | |
| Other Non Cash Items | — | — | ($22.4m) | ($19.9m) | ($23.6m) | ($33.7m) | — | |
| Purchase Of Business | — | $0 | $0 | — | — | — | $0 | |
| Purchase Of PPE | — | ($1.2m) | ($194k) | — | — | — | ($944k) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.