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Below are the financial statements of Golub Capital BDC, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
Below are the financial statements of Golub Capital BDC, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in thousands of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Investment income | — | — | — |
| From non-controlled/non-affiliate company investments | — | — | — |
| Interest income | 645,747a | 542,780a | 355,358a |
| Payment-in-kind interest income | 44,934a | 36,662a | 20,922a |
| Dividend income | 21,955a | 16,241a | 684a |
| Fee income | 2,154a | 2,124a | 4,232a |
| Total investment income from non-controlled/non-affiliate company investments | 714,790a | 597,807a | 381,196a |
| From non-controlled affiliate company investments | — | — | — |
| Interest income | 4,982a | 1,356a | 4,275a |
| Payment-in-kind interest income | 4,355a | 3,544a | 2,223a |
| Fee income | 111a | 76a | 6a |
| Total investment income from non-controlled affiliate company investments | 9,448a | 4,976a | 6,504a |
| From controlled affiliate company investments | — | — | — |
| Interest income | 0a | -94a | -111a |
| Payment-in-kind interest income | 426a | 384a | 209a |
| Fee income | 13a | 17a | 4a |
| Total investment income from controlled affiliate company investments | 439a | 307a | 102a |
| Total investment income | 724,677a | 603,090a | 387,802a |
| Expenses | — | — | — |
| Interest and other debt financing expenses | -212,396a | -150,610a | -89,378a |
| Base management fee | -62,514a | -70,802a | -73,866a |
| Incentive fee | -77,163a | -74,066a | -17,756a |
| Professional fees | -5,496a | -5,041a | -3,607a |
| Administrative service fee | -9,320a | -8,300a | -7,188a |
| General and administrative expenses | -1,481a | -1,501a | -1,720a |
| Total expenses | -368,370a | -310,320a | -193,515a |
| Incentive fee waived | -27,324a | 0a | 0a |
| Base management fee waived | 0a | 0a | -1,904a |
| Net expenses | -341,046a | -310,320a | -191,611a |
| Net investment income - before tax | 383,631a | 292,770a | 196,191a |
| Excise and income tax | -1,195a | -3,682a | -72a |
| Net investment income - after tax | 382,436a | 289,088a | 196,119a |
| Net gain (loss) on investment transactions | — | — | — |
| Net realized gain (loss) from | — | — | — |
| Non-controlled/non-affiliate company investments | -49,491a | -45,889a | 18,759a |
| Non-controlled affiliate company investments | -20,460a | 320a | 166a |
| Controlled affiliate company investments | -11,626a | -927a | 0a |
| Foreign currency transactions | -1,969a | -328a | 371a |
| Forward currency contracts | 3,646a | 2,711a | 1,080a |
| Net realized gain (loss) on investment transactions | -79,900a | -44,113a | 20,376a |
| Net change in unrealized appreciation (depreciation) from | — | — | — |
| Non-controlled/non-affiliate company investments | -47,054a | 33,464a | -43,796a |
| Non-controlled affiliate company investments | 4,600a | -18,578a | -6,886a |
| Controlled affiliate company investments | 10,406a | -619a | -6,124a |
| Translation of assets and liabilities in foreign currencies | 21,688a | 16,680a | -37,335a |
| Forward currency contracts | -19,011a | -17,392a | 32,243a |
| Net change in unrealized appreciation (depreciation) on investment transactions | -29,371a | 13,555a | -61,898a |
| Net gain (loss) on investment transactions | -109,271a | -30,558a | -41,522a |
| (Provision) benefit for taxes on realized gains on investments | 0a | -207a | -302a |
| (Provision) benefit for taxes on unrealized appreciation on investments | -620a | -308a | -855a |
| Net increase (decrease) in net assets resulting from operations | 273,785a | 258,631a | 153,440a |
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