MidCap Financial Investment Corp
For the period ended Dec 31, 2023. Filed Feb 26, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 26, 2024
MFIC$10.36+0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
| Twelve Months Ended December 31, · Nine Months EndedDecember 31, · Twelve Months Ended March 31, | ||||||
|---|---|---|---|---|---|---|
| 2023 · 2022 · 2022 | ||||||
| Operating Activities | ||||||
| Net increase (decrease) in net assets resulting from operations | $ | 118,760 | $ | 22,940 | $ | 82,364 |
| Net realized (gains) losses | (200) | 69,239 | 67,367 | |||
| Net change in unrealized (gains) losses | (2,561) | (18,036) | (53,770) | |||
| Net amortization of premiums and accretion of discounts on investments | (7,751) | (6,131) | (9,611) | |||
| Accretion of discount on notes | 604 | 453 | 684 | |||
| Amortization of deferred financing costs | 5,258 | 3,899 | 5,161 | |||
| Increase in gains/(losses) from foreign currency transactions | 69 | 273 | (5,580) | |||
| PIK interest and dividends capitalized | (2,970) | (2,154) | (4,318) | |||
| Purchases of investments | (417,124) | (499,632) | (1,140,863) | |||
| Proceeds from sales and repayments of investments | 497,313 | 581,952 | 1,056,937 | |||
| Changes in operating assets and liabilities: | ||||||
| Decrease (increase) in interest receivable | (4,273) | (1,615) | (2,419) | |||
| Decrease (increase) in dividends receivable | 3,509 | 247 | (1,290) | |||
| Decrease (increase) in prepaid expenses and other assets | 1,792 | (1,078) | 188 | |||
| Increase (decrease) in management and performance-based incentive fees payable | 1,669 | (853) | 1,246 | |||
| Increase (decrease) in interest payable | 948 | 10,211 | 1,239 | |||
| Increase (decrease) in accrued administrative services expense | 909 | (149) | 103 | |||
| Increase (decrease) in other liabilities and accrued expenses | 429 | (1,178) | (115) | |||
| Net Cash Used in/Provided by Operating Activities | $ | 196,381 | $ | 158,388 | $ | (2,677) |
| Financing Activities | ||||||
| Issuances of debt | $ | 630,595 | $ | 168,000 | $ | 494,694 |
| Payments of debt | (655,285) | (231,543) | (401,250) | |||
| Financing costs paid and deferred | (10,896) | — | (333) | |||
| Net proceeds from the issuance of common stock | — | 30,000 | — | |||
| Repurchase of common stock | (2,297) | (1,638) | (21,100) | |||
| Distributions paid | (123,477) | (66,724) | (93,342) | |||
| Net Cash Used in/Provided by Financing Activities | $ | (161,360) | $ | (101,905) | $ | (21,331) |
| Cash, Cash Equivalents and Foreign Currencies | ||||||
| Net increase (decrease) in cash, cash equivalents and foreign currencies during the period | $ | 35,021 | $ | 56,483 | $ | (24,008) |
| Effect of foreign exchange rate changes on cash and cash equivalents | 16 | 10 | (18) | |||
| Cash, cash equivalents and foreign currencies at beginning of period | 87,091 | 30,598 | 54,624 | |||
| Cash, Cash Equivalents and Foreign Currencies at the End of Period | $ | 122,128 | $ | 87,091 | $ | 30,598 |
| Supplemental Disclosure of Cash Flow Information | ||||||
| Cash interest paid | $ | 97,472 | $ | 44,613 | $ | 47,897 |
| Non-Cash Activity | ||||||
| PIK income | $ | 3,006 | $ | 2,662 | $ | 4,075 |
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