CION Investment Corp
For the period ended Dec 31, 2024. Filed Mar 13, 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 Mar 13, 2025
CION$6.35+0.8%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
| Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Operating activities: | |||
| Net increase in net assets resulting from operations | $33,902 | $95,314 | $50,141 |
| Adjustments to reconcile net increase in net assets resulting from operations to net cash provided by (used in) operating activities: | |||
| Net accretion of discount on investments | (16,773) | (13,506) | (11,032) |
| Proceeds from principal repayment of investments | 443,595 | 287,480 | 407,174 |
| Purchase of investments | (464,054) | (350,203) | (550,538) |
| Paid-in-kind interest and dividends capitalized | (44,540) | (31,739) | (31,446) |
| Decrease (increase) in short term investments, net | 44,628 | (102,577) | 77,048 |
| Proceeds from sale of investments | 42,868 | 12,771 | 62,586 |
| Net realized loss on investments | 28,313 | 31,927 | 32,747 |
| Net change in unrealized depreciation (appreciation) on investments | 33,645 | (22,219) | 5,314 |
| Amortization of debt issuance costs | 5,593 | 4,073 | 3,175 |
| (Increase) decrease in interest receivable on investments | (10,516) | (16,372) | (2,821) |
| (Increase) decrease in dividends receivable on investments | — | 1,275 | (1,275) |
| (Increase) decrease in receivable due on investments sold and repaid | (1,998) | 49 | 1,838 |
| (Increase) decrease in prepaid expenses and other assets | 83 | (523) | (359) |
| Increase (decrease) in payable for investments purchased | (3,673) | 4,692 | (11,327) |
| Increase (decrease) in accounts payable and accrued expenses | (2) | 24 | (910) |
| Increase (decrease) in interest payable | (1,987) | 2,411 | 3,481 |
| Increase (decrease) in accrued management fees | (132) | (31) | 251 |
| Increase (decrease) in accrued administrative services expense | (150) | 453 | 108 |
| Increase (decrease) in subordinated incentive fee on income payable | (651) | (450) | 1,123 |
| Increase (decrease) in shareholder distribution payable | 40 | — | — |
| Net cash provided by (used in) operating activities | 88,191 | (97,151) | 35,278 |
| Financing activities: | |||
| Repurchase of common stock | (11,347) | (11,518) | (15,444) |
| Shareholders' distributions paid | (89,482) | (91,961) | (66,644) |
| Repayments under financing arrangements | (277,500) | (102,500) | — |
| Borrowings under financing arrangements | 302,500 | 237,344 | 127,500 |
| Debt issuance costs paid | (13,107) | (8,538) | (1,725) |
| Net cash (used in) provided by financing activities | (88,936) | 22,827 | 43,687 |
| Net (decrease) increase in cash and restricted cash | (745) | (74,324) | 78,965 |
| Cash and restricted cash, beginning of year | 8,415 | 82,739 | 3,774 |
| Cash and restricted cash, end of year | $7,670 | $8,415 | $82,739 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid for interest | $93,312 | $79,032 | $42,930 |
| Supplemental non-cash operating activities: | |||
| Restructuring of portfolio investment | $92,673 | $118,256 | $50,554 |
| Cash interest receivable exchanged for additional securities | $2,971 | $4,661 | $— |
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