← Sixth Street Specialty Lending, 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 From Continuing Operations | — | $211.8m | $108.1m | $222.0m | $186.6m | $170.5m | $89.0m | |
| Amortization of Debt Issuance Costs | — | $6.1m | $5.7m | $5.2m | $6.9m | $6.7m | — | |
| Net amortization of discount on investments | ($25.7m) | ($27.8m) | ($19.4m) | ($17.6m) | ($21.1m) | ($26.7m) | — | |
| Amortization of deferred financing costs | $5.1m | $6.1m | $5.7m | $5.2m | $6.9m | $6.7m | — | |
| Amortization of discount on debt | $546k | $707k | $766k | $899k | $1.6m | $1.9m | — | |
| Deferred Income Tax Expense (Benefit) | — | — | — | ($600k) | $2.6m | ($500k) | — | |
| Nonoperating Income (Expense) | — | $278.6m | $309.3m | $438.1m | $482.5m | — | — | |
| Change In Working Capital | — | — | ($68.3m) | $24.8m | $13.1m | $13.5m | $23.6m | |
| Change In Receivables | — | — | ($8.1m) | ($9.1m) | ($2.5m) | ($3.6m) | ($12.2m) | |
| Incentive fees on net capital gains accrued to affiliate | $1.4m | $13.5m | ($8.9m) | $4.4m | ($5.4m) | ($5.1m) | — | |
| Change In Accrued Expense | — | — | ($8.9m) | $4.4m | ($5.4m) | ($5.1m) | ($2.8m) | |
| Prepaid expenses and other assets | ($10.6m) | $12.1m | ($1.0m) | ($3.0m) | $1.6m | ($4.3m) | — | |
| Other liabilities | $21.4m | ($24.7m) | ($52.8m) | $31.1m | $17.0m | $28.8m | — | |
| Change In Other Current Liabilities | — | — | ($52.8m) | $31.1m | $17.0m | $28.8m | $1.6m | |
| Net Cash Provided by (Used in) Operating Activities | $145.1m |
$2.5m
-98.31%
|
($224.5m)
-9257.10%
|
($236.8m)
-5.46%
|
($45.5m)
+80.79%
|
$401.6m
+982.76%
|
— | |
| Unrealized Gain (Loss) on Investments | — | $49.7m | ($76.4m) | $18.9m | ($52.8m) | $44.8m | — | |
| Net change in unrealized (gains) losses on investments | ($32.0m) | ($49.7m) | $76.4m | ($18.9m) | $52.8m | ($44.8m) | — | |
| Net realized (gains) losses on investments | $3.1m | ($28.8m) | ($14.7m) | ($12.3m) | ($9.0m) | $47.4m | — | |
| Proceeds from investments, net | $79.6m | $92.9m | $23.5m | $42.2m | $85.2m | $112.2m | — | |
| Repayments on investments | $968.4m | $995.9m | $675.8m | $472.5m | $778.2m | $1.2b | — | |
| Purchases and originations of investments, net | ($1.0b) | ($1.2b) | ($995.6m) | ($943.5m) | ($1.1b) | ($1.1b) | — | |
| Cash flows from financing activities: | ||||||||
| Debt and Equity Securities, Unrealized Gain (Loss) | — | $89.6m | $13.2m | $32.1m | ($20.7m) | $24.0m | — | |
| Borrowings on debt | $1.1b | $1.6b | $1.3b | $1.5b | $1.8b | $1.3b | — | |
| Issuance Of Debt | — | — | $1.3b | $1.5b | $1.8b | $1.3b | $1.2b | |
| Long Term Debt Issuance | — | — | $1.3b | $1.5b | $1.8b | $1.3b | $1.2b | |
| Net Issuance Payments Of Debt | — | — | $389.4m | $313.0m | $131.8m | ($231.6m) | $217.2m | |
| Net Long Term Debt Issuance | — | — | $389.4m | $313.0m | $131.8m | ($231.6m) | $217.2m | |
| Repayments on debt | ($1.1b) | ($1.5b) | ($918.1m) | ($1.2b) | ($1.7b) | ($1.6b) | — | |
| Long Term Debt Payments | — | — | ($940.5m) | ($1.2b) | ($1.7b) | ($1.6b) | ($1.0b) | |
| Repayment Of Debt | — | — | ($940.5m) | ($1.2b) | ($1.7b) | ($1.6b) | ($1.0b) | |
| Issuance Of Capital Stock | — | — | $0 | $89.2m | $93.3m | $0 | $1k | |
| Repurchase Of Capital Stock | — | $0 | ($6.2m) | $0 | $0 | — | $0 | |
| Proceeds from Issuance of Common Stock | — | $85.9m | — | $89.2m | $93.3m | $0 | $1k | |
| Common Stock Issuance | — | — | $0 | $89.2m | $93.3m | $0 | $1k | |
| Payments for Repurchase of Common Stock | — | — | $6.2m | — | — | — | — | |
| Common Stock Payments | — | $0 | ($6.2m) | $0 | $0 | — | $0 | |
| Common Stock Dividend Paid | — | — | ($144.7m) | ($156.4m) | ($168.7m) | ($170.3m) | ($157.6m) | |
| Dividends paid | — | $222 | $145 | $156 | $169 | $170 | ($157.6m) | |
| Dividends Payable | — | $31 | — | — | — | — | — | |
| Dividends paid to stockholders | ($130) | ($222) | ($145) | ($156) | ($169) | ($170) | ($157.6m) | |
| Dividends declared during the period | $155 | $261 | $144 | $180 | $193 | $193 | — | |
| Reinvestment of dividends during the period | $22 | $36 | $31 | $24 | $25 | $23 | — | |
| Cash Dividends Paid | — | — | ($144.7m) | ($156.4m) | ($168.7m) | ($170.3m) | ($157.6m) | |
| Net Other Financing Charges | — | — | $0 | $0 | $0 | $0 | $0 | |
| Net Cash Provided by (Used in) Financing Activities | ($145.9m) |
$241k
+100.17%
|
$234.2m
+97083.40%
|
$236.3m
+0.91%
|
$47.6m
-79.85%
|
($409.2m)
-959.34%
|
— | |
| Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash | ($869k) | $2.7m | $9.7m | ($451k) | $2.1m | ($7.7m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $2.7m | $9.7m | ($451k) | $2.1m | ($7.7m) | $193.6m | |
| Beginning Cash Position | — | — | $16.0m | $25.6m | $25.2m | $27.3m | $39.2m | |
| Cash, cash equivalents, and restricted cash, beginning of period | $13.3m | $16.0m | $25.6m | $25.2m | $27.3m | $19.7m | — | |
| Additional Supplementary Disclosures | ||||||||
| Additional Supplementary Disclosures | ||||||||
| Income Tax Expense (Benefit) | — | $384k | $2.6m | $2.4m | $3.9m | — | — | |
| Additional Financial Items | ||||||||
| Foreign Currency Transaction Gain (Loss), Realized | — | $59k | ($291k) | $180k | ($464k) | ($505k) | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | — | ($591k) | $8.7m | ($6.4m) | $13.4m | ($35.9m) | — | |
| Gain (Loss) on Sale of Derivatives | — | — | $2.3m | — | — | — | — | |
| Investment Company Distribution Ordinary Income | — | — | — | — | — | $182.0m | — | |
| Operating Expenses | — | $136.0m | $140.8m | $240.5m | $260.0m | — | — | |
| Payments of Financing Costs | — | $8.0m | $4.3m | $9.4m | $8.8m | $7.3m | — | |
| Realized Investment Gains (Losses) | — | $28.8m | $14.7m | $12.3m | $9.0m | ($47.4m) | — | |
| Unrealized Gain (Loss) on Derivatives | — | ($6.7m) | ($6.7m) | $174k | $0 | $0 | — | |
| Increase (decrease) in net assets resulting from operations | $178.1m | $211.8m | $108.1m | $222.0m | $186.6m | $170.5m | — | |
| Net change in unrealized (gains) losses on foreign currency transactions | $5.1m | $591k | ($8.7m) | $6.4m | ($13.4m) | $35.9m | — | |
| Net change in unrealized (gains) losses on interest rate swaps | ($6.8m) | $6.7m | $6.7m | ($174k) | $0 | $0 | — | |
| Net realized (gains) losses on foreign currency transactions | $118k | $56k | $509k | ($335k) | ($610k) | $870k | — | |
| Net realized (gains) losses on interest rate swaps | $62k | — | ($2.3m) | — | — | — | — | |
| Interest receivable | $4.5m | ($1.6m) | ($8.4m) | ($7.6m) | ($2.8m) | ($3.1m) | — | |
| Management fees payable to affiliate | $201k | $945k | $1.1m | $1.4m | $991k | ($159k) | — | |
| Incentive fees on net investment income payable to affiliate | $91k | $2.5m | $1.1m | $533k | $562k | ($1.7m) | — | |
| Payable to affiliate | $684k | $517k | $116k | ($463k) | $833k | ($469k) | — | |
| Deferred financing costs | ($4.3m) | ($8.0m) | ($4.3m) | ($9.4m) | ($8.8m) | ($7.3m) | — | |
| Change In Payable | — | — | $2.4m | $1.5m | $2.4m | ($2.3m) | ($4.5m) | |
| Change In Prepaid Assets | — | — | ($1.0m) | ($3.0m) | $1.6m | ($4.3m) | $41.6m | |
| Changes In Cash | — | — | $9.7m | ($451k) | $2.1m | ($7.7m) | $154.4m | |
| End Cash Position | — | — | $25.6m | $25.2m | $27.3m | $19.7m | $193.6m | |
| Financing Cash Flow | — | — | $234.2m |
$236.3m
+0.91%
|
$47.6m
-79.85%
|
($409.2m)
-959.34%
|
$50.9m
+112.45%
|
|
| Free Cash Flow | — | — | ($224.5m) | ($236.8m) | ($45.5m) | $401.6m | $103.5m | |
| Gain Loss On Investment Securities | — | — | ($230.2m) | ($460.0m) | ($189.0m) | $223.9m | $39.0m | |
| Net Foreign Currency Exchange Gain Loss | — | — | ($8.2m) | $6.1m | ($14.0m) | $36.8m | ($11.4m) | |
| Other Non Cash Items | — | — | ($25.8m) | ($29.6m) | ($42.2m) | ($43.1m) | — | |
| Derivative, Gain (Loss) on Derivative, Net | — | ($29.3m) | ($56.0m) | — | — | — | — | |
| Supplemental disclosure of cash flow information: | ||||||||
| Change In Cash Supplemental As Reported | — | — | $9.7m | ($451k) | $2.1m | ($7.7m) | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $34.0m | $29.3m | $55.6m | $119.4m | $139.8m | $119.4m | — | |
| Excise and other taxes paid during the period | $4.0m | $3.9m | $1.7m | $2.4m | $2.3m | $5.8m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.