← Sixth Street Specialty Lending, Inc.
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| Operating Revenue | — | $136.5m |
$273.4m
+100.31%
|
$253.0m
-7.47%
|
$216.6m
-14.39%
|
$132.1m
-38.98%
|
|
| Net Interest Income | — | $247.0m |
$322.4m
+30.53%
|
$345.5m
+7.18%
|
$323.5m
-6.38%
|
$291.9m
-9.78%
|
|
| Other general and administrative | $6.2m | $5.4m | $5.3m | $5.5m | $5.6m | — | |
| General And Administrative Expense | — | $13.4m | $13.4m | $13.9m | $14.9m | $15.0m | |
| Operating Expenses | $136.0m | $140.8m | $240.5m | $260.0m | $235.0m | $36.8m | |
| Other Operating Expenses | — | $11.9m | $36.2m | $45.9m | $25.4m | — | |
| Interest Expense | $38.8m | $63.0m | $133.7m | $106.8m | $102.9m | $98.2m | |
| Interest Expense, Debt | $39.7m | $49.9m | $95.5m | $105.2m | $101.0m | $98.2m | |
| Paid-in-kind interest income | — | $12.6m | $19.7m | $29.3m | $25.6m | — | |
| Incentive fees on net investment income | $33.1m | $33.4m | $42.6m | $45.5m | $43.5m | — | |
| Interest Income | — | $297.6m | $418.8m | $452.3m | $426.4m | $390.0m | |
| Investment Income Operating After Expense And Tax | — | — | — | — | $210.0m | — | |
| Investment Income, Net | $142.4m | $166.3m | $196.4m | $220.0m | $215.3m | — | |
| Net Investment Income | $142.4m | $166.3m | $196.4m | $220.0m | $215.3m | — | |
| Total Investment Income | $278.6m | $309.3m | $438.1m | $482.5m | $449.1m | — | |
| Debt and Equity Securities, Unrealized Gain (Loss) | $89.6m | $13.2m | $32.1m | ($20.7m) | $24.0m | — | |
| Foreign Currency Transaction Gain (Loss), Realized | $59k | ($291k) | $180k | ($464k) | ($505k) | — | |
| Gain On Sale Of Security | — | $17.0m | $12.3m | $9.0m | ($47.4m) | ($50.2m) | |
| Other income | $7.8m | $9.5m | $15.1m | $18.5m | $20.3m | — | |
| Nonoperating Income (Expense) | $278.6m | $309.3m | $438.1m | $482.5m | $449.1m | — | |
| Pre-Tax Income | — | $111.2m | $223.8m | $193.1m | $176.3m | $95.4m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $142.7m | $168.9m | $198.8m | $224.0m | $215.3m | $95.4m | |
| Income taxes, including excise taxes | $384k | $2.6m | $2.4m | $3.9m | $5.3m | — | |
| Income tax provision | ($1.9m) | ($561k) | $556k | ($2.6m) | ($940k) | — | |
| Current Income Tax Expense (Benefit) | — | — | $100k | $200k | — | $6.3m | |
| Net Income From Continuing And Discontinued Operation | $211.8m | $108.1m | $222.0m | $186.6m | $170.5m | $89.0m | |
| Earnings Per Share, Basic | $2.93 | $1.38 | $2.61 | $2.03 | $1.81 | $0.94 | |
| Earnings Per Share, Diluted | $2.79 | $1.38 | $2.61 | $2.03 | $1.81 | $0.94 | |
| Weighted Average Number of Shares Outstanding, Basic | 72.2m | 78.2m | 85.1m | 92.0m | 94.1m | 94.6m | |
| Weighted average shares of common stock outstanding—basic | 72.2m | 78.2m | 85.1m | 92.0m | 94.1m | 94.6m | |
| Weighted average shares of common stock outstanding - diluted | 77.7m | 78.2m | 85.1m | 92.0m | 94.1m | 94.6m | |
| Basic Average Shares | 72.2m | $78.2m | $85.1m | $92.0m | $94.1m | $94.6m | |
| Diluted Average Shares | 72.2m | $78.2m | $85.1m | $92.0m | $94.1m | $94.6m | |
| Weighted Average Number of Shares Outstanding, Diluted | 77.7m | 78.2m | 85.1m | 92.0m | 94.1m | 94.6m | |
| Additional Financial Items | |||||||
| Investment Company, Contractual Fee Waived | — | — | — | — | $1.3m | — | |
| Realized Investment Gains (Losses) | $28.8m | $14.7m | $12.3m | $9.0m | ($47.4m) | — | |
| Interest from investments | $266.7m | $297.6m | $418.8m | $423.0m | $400.8m | — | |
| Dividend income | $4.2m | $2.2m | $4.2m | $11.7m | $2.3m | $3.5m | |
| Interest | $38.8m | $63.0m | $133.7m | $154.1m | $129.6m | $98.2m | |
| Management fees | $37.1m | $39.9m | $46.4m | $51.8m | $52.2m | — | |
| Incentive fees on net capital gains | $13.5m | ($8.9m) | $4.4m | ($5.4m) | ($5.1m) | — | |
| Professional fees | $6.6m | $7.2m | $7.3m | $7.5m | $8.3m | — | |
| Directors’ fees | $743k | $736k | $806k | $877k | $962k | — | |
| Management and incentive fees waived | ($190k) | ($427k) | ($1.2m) | ($1.5m) | ($1.3m) | — | |
| Net Unrealized gains (losses) on investments | $49.7m | ($76.4m) | $18.9m | ($52.8m) | $44.8m | — | |
| Translation of other assets and liabilities in foreign currencies | ($591k) | $8.7m | ($6.4m) | $13.4m | ($35.9m) | — | |
| Interest rate swaps | ($6.7m) | $2.3m | $174k | $0 | $0 | — | |
| Realized gains (losses) on investments | $28.8m | $14.7m | $12.3m | $9.0m | ($47.4m) | — | |
| Foreign currency transactions | $59k | ($291k) | $180k | ($464k) | ($505k) | — | |
| Increase (Decrease) in Net Assets Resulting from Operations | $211.8m | $108.1m | $222.0m | $186.6m | $170.5m | — | |
| Average Dilution Earnings | $5.2m | $0 | $0 | — | — | — | |
| Diluted EPS | $2.93 | $1.38 | $2.61 | $2.03 | $1.81 | $0.94 | |
| Diluted NI Availto Com Stockholders | $211.8m | $108.1m | $222.0m | $186.6m | $170.5m | $89.0m | |
| Normalized Income | $211.8m | $108.1m | $222.0m | $186.6m | $170.5m | $89.0m | |
| Selling General And Administration | — | $13.4m | $13.4m | $13.9m | $14.9m | — | |
| Tax Effect Of Unusual Items | — | $0 | $0 | $0 | $0 | $0 | |
| Tax Provision | — | $3.2m | $1.8m | $6.6m | $5.7m | $6.3m | |
| Tax Rate For Calcs | — | $0 | $0 | $0 | $0 | $0 | |
| Management Fee Expense | $37.1m | $39.9m | $46.4m | $51.8m | $52.2m | — | |
| Net Expenses | $135.8m | $140.4m | $239.3m | $258.6m | $233.7m | — | |
| Operating Expense | — | $25.3m | $49.6m | $59.9m | $40.3m | $36.8m | |
| Total net change in unrealized gains (losses) | $40.5m | ($75.0m) | $13.2m | ($42.0m) | $9.4m | — | |
| Total net realized gains (losses) | $28.9m | $16.7m | $12.4m | $8.6m | ($48.9m) | — | |
| Total Net Unrealized and Realized Gains (Losses) | $69.4m | ($58.3m) | $25.6m | ($33.5m) | ($39.5m) | — | |
| Total expenses | $136.0m | $140.8m | $240.5m | $260.0m | $235.0m | $36.8m |