Goldman Sachs BDC Inc
For the period ended Dec 31, 2023. Filed Feb 28, 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 28, 2024
GSBD$8.50-0.9%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
| For the Years Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Cash flows from operating activities: | |||
| Net increase in net assets from operations: | $195,874 | $55,003 | $192,427 |
| Adjustments to reconcile net increase (decrease) in net assets from operations to net cash provided by (used for) operating activities: | |||
| Purchases of investments | (394,354) | (712,708) | (1,717,222) |
| Payment-in-kind interest capitalized | (32,351) | (20,879) | (17,148) |
| Proceeds from sales of investments and principal repayments | 508,065 | 570,951 | 1,537,804 |
| Net realized (gain) loss | 71,775 | 19,005 | (40,485) |
| Net change in unrealized (appreciation) depreciation on investments | (25,363) | 155,478 | 89,533 |
| Net change in unrealized (appreciation) depreciation on foreign currency forward contracts and transactions | 180 | 437 | (244) |
| Amortization of premium and accretion of discount, net | (35,885) | (39,620) | (88,159) |
| Amortization of deferred financing and debt issuance costs | 6,291 | 6,292 | 7,338 |
| Amortization of original issue discount on convertible notes | — | 118 | 469 |
| Change in operating assets and liabilities: | |||
| (Increase) decrease in receivable for investments sold | — | — | 2,511 |
| (Increase) decrease in interest and dividends receivable | (6,755) | (8,501) | (1,685) |
| (Increase) decrease in other assets | (1,153) | 1,833 | (770) |
| Increase (decrease) in interest and other debt expenses payable | 173 | (1,740) | 5,317 |
| Increase (decrease) in management fees payable | (355) | 693 | 2,425 |
| Increase (decrease) in incentive fees payable | 13,041 | (760) | (1,905) |
| Increase (decrease) in accrued expenses and other liabilities | 1,509 | 1,837 | (62) |
| Net cash provided by (used for) operating activities | $300,692 | $27,439 | $(29,856) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of common stock (net of underwriting costs) | $98,085 | $14,014 | $— |
| Offering costs paid | (680) | (557) | — |
| Distributions paid | (190,963) | (180,001) | (193,040) |
| Deferred financing and debt issuance costs paid | (5,275) | (2,883) | (4,605) |
| Borrowings on debt | 378,540 | 846,179 | 1,127,532 |
| Repayments of debt | (567,700) | (698,500) | (898,193) |
| Net cash provided by (used for) financing activities | $(287,993) | $(21,748) | $31,694 |
| Net increase (decrease) in cash | $12,699 | $5,691 | 1,838 |
| Effect of foreign exchange rate changes on cash and cash equivalents | 62 | 147 | (211) |
| Cash, beginning of period | 39,602 | 33,764 | 32,137 |
| Cash, end of period | $52,363 | $39,602 | $33,764 |
| Supplemental and non-cash activities | |||
| Interest expense paid | $102,574 | $71,957 | $41,888 |
| Accrued but unpaid excise tax expense | $5,079 | $3,494 | $1,356 |
| Accrued but unpaid distributions | $49,304 | $46,283 | $45,818 |
| Reinvestment of stockholder distributions | $3,140 | $3,849 | $5,164 |
| Exchange of investments | $119,617 | $153,310 | $9,469 |
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