← PennantPark Floating Rate Capital Ltd.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||
| Net Income From Continuing Operations | — | — | $3.5m | $39.3m | $91.8m | $66.4m | $62.0m | |
| Amortization of Debt Issuance Costs | — | — | $737k | — | — | $1.8m | — | |
| Net change in unrealized (appreciation) depreciation on investments | — | — | — | $12.6m | ($14.3m) | $34.6m | — | |
| Net change in unrealized appreciation (depreciation) on debt | ($14.2m) | $11.6m | $4.9m | $2.3m | $26k | ($43k) | — | |
| Net accretion of discount and amortization of premium | ($1.7m) | ($3.2m) | ($4.2m) | ($5.2m) | ($4.8m) | ($9.5m) | — | |
| Amortization of deferred financing costs | $544k | $961k | $737k | $1.4m | $2.0m | $1.8m | — | |
| Deferred tax liability | — | — | $4.6m | ($2.8m) | ($82k) | $152k | — | |
| Change In Working Capital | — | — | $26.8m | $1.1m | $20.7m | $1.2m | ($27.3m) | |
| Change In Receivables | — | — | $28.4m | ($4k) | ($2.1m) | ($2.4m) | ($29.5m) | |
| Account payable and accrued expenses | — | ($285k) | ($826k) | $522k | $900k | ($21k) | — | |
| Change In Accrued Expense | — | ($285k) | ($826k) | $522k | — | — | — | |
| Prepaid expenses and other assets | ($134k) | $173k | ($748k) | ($146k) | $696k | ($1.9m) | — | |
| Change In Other Current Liabilities | — | — | $4.6m | ($2.8m) | ($82k) | $152k | $946k | |
| Net Cash Provided by (Used in) Operating Activities | ($4.9m) |
$49.6m
+1103.28%
|
($50.0m)
-200.79%
|
$140.6m
+381.34%
|
($801.4m)
-670.12%
|
($720.6m)
+10.08%
|
($88.4m)
+87.74%
|
|
| Debt Securities, Realized Gain (Loss) | — | — | — | — | $383k | $0 | — | |
| Gain (Loss) on Investments | — | — | ($11.1m) | — | — | — | ($225.2m) | |
| Unrealized Gain (Loss) on Investments | — | — | ($24.5m) | ($12.6m) | — | — | $35.8m | |
| Net realized (gain) loss on investments | $12.7m | $12.8m | $11.1m | $15.9m | ($222k) | $5.9m | — | |
| Proceeds from dispositions of investments | $396.9m | $702.1m | $495.2m | $399.1m | $514.1m | $918.1m | — | |
| Receivable for investments sold | — | ($34.0m) | $30.5m | $3.4m | $0 | ($1.4m) | — | |
| Payments to Acquire Investments | — | — | $609.2m | $325.8m | $1.4b | $1.7b | — | |
| Purchases of investments | ($436.7m) | ($661.1m) | ($607.8m) | ($324.5m) | ($1.4b) | ($1.7b) | — | |
| Payable for investments purchased | — | — | ($13.5m) | $4.9m | $15.5m | ($5.5m) | — | |
| Non-cash purchases and disposition of investments | — | — | — | $0 | $0 | $7.6m | — | |
| Cash flows from financing activities: | ||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | ($383k) | $0 | — | |
| Debt extinguishment realized loss | — | — | $0 | $0 | $383k | $0 | — | |
| Debt and Equity Securities, Realized Gain (Loss) | — | — | — | — | — | ($5.9m) | — | |
| Debt and Equity Securities, Unrealized Gain (Loss) | — | — | — | — | — | ($34.6m) | — | |
| Interest payable on debt | $326k | $1.9m | $2.7m | $452k | $6.0m | $4.5m | — | |
| Capitalized borrowing costs Notes | — | — | $0 | $0 | ($4.0m) | ($3.0m) | — | |
| Borrowings under Credit Facility | $265.0m | $346.5m | $147.3m | $65.0m | $606.5m | $645.0m | — | |
| Issuance Of Debt | — | — | $231.6m | $65.0m | $1.2b | $1.0b | $1.1b | |
| Long Term Debt Issuance | — | — | $231.6m | $65.0m | $1.2b | $1.0b | $1.1b | |
| Net Issuance Payments Of Debt | — | — | $13.8m | ($180.5m) | $683.2m | $601.0m | $299.9m | |
| Net Long Term Debt Issuance | — | — | $13.8m | ($180.5m) | $683.2m | $601.0m | $299.9m | |
| Repayment of 2031 Asset-Backed Debt | — | — | $0 | $0 | ($228.0m) | $0 | — | |
| Long Term Debt Payments | — | — | ($217.8m) | ($245.5m) | ($476.2m) | ($405.0m) | ($788.1m) | |
| Repayment Of Debt | — | — | ($217.8m) | ($245.5m) | ($476.2m) | ($405.0m) | ($788.1m) | |
| Issuance Of Capital Stock | — | — | $81.9m | $148.4m | $213.9m | $245.5m | $31.7m | |
| Common Stock Issuance | — | — | $81.9m | $148.4m | $213.9m | $245.5m | $31.7m | |
| Common Stock Dividend Paid | — | — | ($46.1m) | ($58.7m) | ($78.8m) | ($111.6m) | ($121.5m) | |
| Dividends paid | — | — | $46 | $59 | $79 | $112 | ($121.5m) | |
| Interest And Dividend Income Operating Paid In Kind | $26.2m | $18.8m | $26.1m | $36.3m | $51.2m | $5.3m | — | |
| Cash Dividends Paid | — | — | ($46.1m) | ($58.7m) | ($78.8m) | ($111.6m) | ($121.5m) | |
| Net Other Financing Charges | — | — | $0 | $0 | $0 | $0 | $0 | |
| Net Cash Provided by (Used in) Financing Activities | ($909k) |
($56.3m)
-6095.05%
|
$47.7m
+184.70%
|
($91.5m)
-291.91%
|
$812.9m
+988.07%
|
$731.2m
-10.04%
|
$116.4m
-84.08%
|
|
| Net increase (decrease) in cash and cash equivalents | — | ($6.5m) | $1.1m | $49.0m | $11.5m | $10.6m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | ($2.3m) | — | — | — | $121.9m | |
| Beginning Cash Position | — | — | $50.1m | $51.5m | $100.6m | $112.0m | $111.4m | |
| Cash and cash equivalents, beginning of year | $57.5m | $49.8m | $47.9m | $100.6m | $112.0m | $122.7m | — | |
| Effect of exchange rate changes on cash | $24k | ($945k) | $320k | $37k | $4k | ($2k) | $11k | |
| Additional Supplementary Disclosures | ||||||||
| Additional Supplementary Disclosures | ||||||||
| Additional Financial Items | ||||||||
| General and Administrative Expense | — | — | $575k | $999k | $2.2m | $2.8m | — | |
| Realized Investment Gains (Losses) | — | — | ($11.1m) | ($15.9m) | $222k | ($5.9m) | — | |
| Payment-in-kind interest | ($2.5m) | ($3.0m) | ($1.4m) | ($1.3m) | ($3.6m) | ($5.3m) | — | |
| Interest receivable | $219k | ($1.8m) | ($2.1m) | ($2.9m) | ($1.7m) | ($1.7m) | — | |
| Distribution receivable | — | $0 | $0 | ($565k) | ($70k) | $635k | — | |
| Due from affiliate | — | — | $0 | $0 | ($291k) | ($30k) | — | |
| Base management fee payable | — | — | $320k | ($268k) | $1.8m | $2.0m | — | |
| Incentive fee payable | — | ($1.4m) | $2.5m | $1.5m | ($1.4m) | $3.7m | — | |
| Due to affiliates | — | $225k | $3.4m | ($3.0m) | ($566k) | $739k | — | |
| Proceeds from public offering | — | $1.4m | $81.9m | $148.4m | $213.9m | $245.5m | — | |
| Offering costs | — | ($364k) | ($2.0m) | ($705k) | ($1.4m) | ($725k) | — | |
| Distributions paid to stockholders | ($44.2m) | ($44.2m) | ($46.1m) | ($58.7m) | ($78.8m) | ($111.6m) | — | |
| Repayment of 2023 notes payable | — | ($20.8m) | ($20.8m) | ($20.8m) | ($76.2m) | $0 | — | |
| Issuance of 2026 notes | — | $96.8m | $84.3m | $0 | $0 | $361.0m | — | |
| Issuance of notes | — | — | $0 | $0 | $553.0m | $0 | — | |
| Repayments under Credit Facility | ($221.7m) | ($435.7m) | ($197.0m) | ($224.7m) | ($172.0m) | ($405.0m) | — | |
| Non-cash exchanges and conversions | $8.0m | $20.5m | $50.4m | $3.4m | $20.1m | $27.2m | — | |
| Change In Payable | — | — | ($5.4m) | $4.0m | $22.2m | $5.4m | $1.1m | |
| Change In Prepaid Assets | — | — | ($748k) | ($146k) | $696k | ($1.9m) | $183k | |
| Changes In Cash | — | — | $1.1m | $49.0m | $11.5m | $10.6m | $10.5m | |
| End Cash Position | — | — | $51.5m | $100.6m | $112.0m | $122.7m | $121.9m | |
| Financing Cash Flow | — | — | $47.7m |
($91.5m)
-291.91%
|
$812.9m
+988.07%
|
$731.2m
-10.04%
|
$116.4m
-84.08%
|
|
| Free Cash Flow | — | — | ($46.6m) | $140.6m | ($801.4m) | ($720.6m) | ($196.9m) | |
| Gain Loss On Investment Securities | — | — | ($72.0m) | $105.3m | ($907.8m) | ($775.1m) | ($225.2m) | |
| Other Non Cash Items | — | — | ($4.8m) | ($5.1m) | ($6.1m) | ($13.0m) | — | |
| Supplemental disclosure of cash flow information: | ||||||||
| Change In Cash Supplemental As Reported | — | — | $1.1m | $49.0m | $11.5m | $10.6m | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $26.2m | $18.8m | $26.1m | $36.3m | $51.2m | $86.9m | — | |
| Income Taxes Paid, Net | $502k | $405k | $1.2m | $530k | $1.1m | $975k | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.