Bain Capital Specialty Finance Inc
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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FY2023 · Filed Feb 27, 2024
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Item 6. Selected Consolidated Financial Data
The tables below set forth our selected consolidated historical financial data for the periods indicated. The selected consolidated historical financial data as of and for the years ended December 31, 2023, 2022, 2021, 2020, and 2019 have been derived from our audited consolidated financial statements, which are included in the consolidated financial statements and related notes thereto included elsewhere in this Annual Report. Our historical results are not necessarily indicative of future results. The selected financial data in this section is not intended to replace the financial statements and is qualified in its entirety by the financial statements and related notes included in this filing.
The following selected consolidated financial data as of and for the years ended December 31, 2023, 2022, 2021, 2020, and 2019 should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and the consolidated financial statements and related notes thereto included elsewhere in this Annual Report (dollars in thousands):
| As of and for the · As of and for the · As of and for the · As of and for the · As of and for the | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Year Ended · Year Ended · Year Ended · Year Ended · Year Ended | ||||||||||
| December 31, · December 31, · December 31, · December 31, · December 31, | ||||||||||
| 2023 · 2022 · 2021 · 2020 · 2019 | ||||||||||
| Consolidated Statements of operations data: | ||||||||||
| Total investment income | $ | 297,789 | $ | 219,545 | $ | 197,394 | $ | 194,460 | $ | 197,945 |
| Total expenses, net of waivers | 152,817 | 116,002 | 109,522 | 108,397 | 113,078 | |||||
| Net investment income before taxes | 144,972 | 103,543 | 87,872 | 86,063 | 84,867 | |||||
| Income tax expense, including excise tax | 3,357 | 837 | 134 | 232 | — | |||||
| Net investment income after taxes | 141,615 | 102,706 | 87,738 | 85,831 | 84,867 | |||||
| Net realized and unrealized gain (loss) | (18,240) | 2,774 | 32,069 | (77,553) | 13,218 | |||||
| Net increase in net assets resulting from operations | $ | 123,375 | $ | 105,480 | $ | 119,807 | $ | 8,278 | $ | 98,085 |
| Per share data: | ||||||||||
| Net investment income | $ | 2.19 | $ | 1.59 | $ | 1.36 | $ | 1.46 | $ | 1.64 |
| Net increase in net assets resulting from operations | $ | 1.91 | $ | 1.63 | $ | 1.86 | $ | 0.14 | $ | 1.90 |
| Distributions declared(1) | $ | 1.60 | $ | 1.38 | $ | 1.36 | $ | 1.43 | $ | 1.64 |
| Consolidated Statements of assets and liabilities data (at period end): | ||||||||||
| Total assets | $ | 2,472,348 | $ | 2,592,434 | $ | 2,571,193 | $ | 2,603,492 | $ | 2,645,554 |
| Total investments, at fair value | 2,298,343 | 2,386,977 | 2,289,105 | 2,484,488 | 2,527,055 | |||||
| Total liabilities | 1,335,882 | 1,476,043 | 1,471,187 | 1,535,488 | 1,627,154 | |||||
| Total debt, net of unamortized debt issuance costs | 1,255,933 | 1,385,303 | 1,414,982 | 1,458,360 | 1,574,635 | |||||
| Total net assets | 1,136,466 | 1,116,391 | 1,100,006 | 1,068,004 | 1,018,400 | |||||
(1)
The per share data for distributions reflects the actual amount of distributions declared during the period.
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