Goldman Sachs BDC Inc
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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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.
FY2024 · Filed Feb 27, 2025
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
nts of Cash Flows
| For the Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities: | |||
| Net increase in net assets from operations: | $62,867 | $195,874 | $55,003 |
| Adjustments to reconcile net increase (decrease) in net assets from operations to net cash provided by (used for) operating activities: | |||
| Purchases of investments | (995,850) | (394,354) | (712,708) |
| Payment-in-kind interest capitalized | (55,067) | (32,351) | (20,879) |
| Investments in affiliated money market fund, net | (25,238) | — | — |
| Proceeds from sales of investments and principal repayments | 822,485 | 508,065 | 570,951 |
| Net realized (gain) loss on investments | 157,965 | 71,775 | 19,005 |
| Net change in unrealized (appreciation) depreciation on investments | 37,057 | (25,363) | 155,478 |
| Net change in unrealized (appreciation) depreciation on foreign currency forward contracts and transactions | (517) | 180 | 437 |
| Amortization of premium and accretion of discount, net | (25,824) | (35,885) | (39,620) |
| Amortization of deferred financing and debt issuance costs | 8,819 | 6,291 | 6,292 |
| Amortization of original issue discount on convertible notes | — | — | 118 |
| Change in operating assets and liabilities: | |||
| (Increase) decrease in interest and dividends receivable | 10,442 | (6,755) | (8,501) |
| (Increase) decrease in other assets | 1,132 | (1,153) | 1,833 |
| Increase (decrease) in interest and other debt expenses payable | 7,590 | 173 | (1,740) |
| Increase (decrease) in management fees payable | 72 | (355) | 693 |
| Increase (decrease) in incentive fees payable | (6,711) | 13,041 | (760) |
| Increase (decrease) in accrued expenses and other liabilities | 3,235 | 1,509 | 1,837 |
| Net cash provided by (used for) operating activities | $2,457 | $300,692 | $27,439 |
| Cash flows from financing activities: | |||
| Proceeds from issuance of common stock (net of underwriting costs) | $109,932 | $98,085 | $14,014 |
| Offering costs paid | (515) | (680) | (557) |
| Distributions paid | (197,704) | (190,963) | (180,001) |
| Deferred financing and debt issuance costs paid | (8,178) | (5,275) | (2,883) |
| Borrowings on debt | 1,098,033 | 378,540 | 846,179 |
| Repayments of debt | (995,646) | (567,700) | (698,500) |
| Secured borrowings | 1,224 | — | — |
| Net cash provided by (used for) financing activities | $7,146 | $(287,993) | $(21,748) |
| Net increase (decrease) in cash | $9,603 | $12,699 | $5,691 |
| Effect of foreign exchange rate changes on cash and cash equivalents | (171) | 62 | 147 |
| Cash, beginning of period | 52,363 | 39,602 | 33,764 |
| Cash, end of period | $61,795 | $52,363 | $39,602 |
| Supplemental and non-cash activities | |||
| Interest expense paid | $93,942 | $102,574 | $71,957 |
| Accrued but unpaid excise tax expense | $6,000 | $5,079 | $3,494 |
| Accrued but unpaid distributions | $52,784 | $49,304 | $46,283 |
| Reinvestment of stockholder distributions | $7,304 | $3,140 | $3,849 |
| Exchange of investments | $204,206 | $119,617 | $153,310 |
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