Great Elm Capital Corp.
For the period ended Sep 30, 2025. Filed Nov 4, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 4, 2025
GECC$5.000.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Cash Flows (unaudited)
| For the Nine Months Ended September 30, | |||
|---|---|---|---|
| 2025 · 2024 | |||
| Cash flows from operating activities | |||
| Net increase (decrease) in net assets resulting from operations | $(9,816) | $1,690 | |
| Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used for) operating activities: | |||
| Purchases of investments | (146,308) | (219,198) | |
| Net change in short-term investments | (15,893) | (74,677) | |
| Capitalized payment-in-kind interest | (2,394) | (2,046) | |
| Proceeds from sales of investments | 74,197 | 136,468 | |
| Proceeds from principal payments | 58,275 | 35,704 | |
| Net realized (gain) loss on investments | (6,879) | (2,112) | |
| Net change in unrealized (appreciation) depreciation on investments | 29,608 | 10,742 | |
| Amortization of premium and accretion of discount, net | (2,268) | (1,784) | |
| Net realized loss on repurchase of debt | - | 3 | |
| Amortization of discount (premium) on long term debt | 2,246 | 1,005 | |
| Increase (decrease) in operating assets and liabilities: | |||
| (Increase) decrease in interest receivable | (77) | (1,547) | |
| (Increase) decrease in dividends receivable | (941) | 379 | |
| (Increase) decrease in due from portfolio company | - | 36 | |
| (Increase) decrease in due from affiliates | 14 | - | |
| (Increase) decrease in prepaid expenses and other assets | (857) | (171) | |
| Increase (decrease) in due to affiliates | (382) | 1,413 | |
| Increase (decrease) in interest payable | 264 | 138 | |
| Increase (decrease) in accrued expenses and other liabilities | (197) | (146) | |
| Net cash provided by (used for) operating activities | (21,408) | (114,103) | |
| Cash flows from financing activities | |||
| Issuance of notes payable, net of issuance costs | 48,351 | 88,821 | |
| Repayment of notes payable | (40,000) | (3) | |
| Borrowings under credit facility | 34,000 | 5,000 | |
| Repayments under credit facility | (34,000) | (5,000) | |
| Proceeds from issuance of common stock, net of issuance costs | 27,285 | 35,671 | |
| Payments of deferred financing costs | (167) | - | |
| Distributions paid | (14,061) | (11,034) | |
| Net cash provided by (used for) financing activities | 21,408 | 113,455 | |
| Net increase (decrease) in cash | - | (648) | |
| Cash and cash equivalents and restricted cash, beginning of period | - | 953 | |
| Cash and cash equivalents and restricted cash, end of period | $ | - | $305 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid for excise tax | $483 | $304 | |
| Cash paid for interest | 11,545 | 9,448 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.