FS KKR Capital Corp
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of December 31, 202 and
Part I—FINANCIAL INFORMATION
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Investments, at fair value | ||
| Non-controlled/unaffiliated investments (amortized cost—$8,830 and 11,078, respectively) | $8,573 | $10,568 |
| Non-controlled/affiliated investments (amortized cost—$1,128 and $868, respectively) | 1,140 | 745 |
| Controlled/affiliated investments (amortized cost—$4,086 and $3,474, respectively) | 3,777 | 3,336 |
| Total investments, at fair value (amortized cost—$14,044 and $15,420, respectively) | 13,490 | 14,649 |
| Cash | 278 | 223 |
| Foreign currency, at fair value (cost—$17 and $8, respectively) | 18 | 8 |
| Receivable for investments sold and repaid | 186 | 246 |
| Income receivable | 187 | 290 |
| Unrealized appreciation on foreign currency forward contracts | 3 | 13 |
| Deferred financing costs | 26 | 32 |
| Prepaid expenses and other assets | 31 | 8 |
| Total assets | $14,219 | $15,469 |
| Liabilities | ||
| Payable for investments purchased | $2 | $— |
| Debt (net of deferred financing costs and discount of $49 and $36, respectively)(1) | 7,351 | 8,187 |
| Unrealized depreciation on foreign currency forward contracts | 1 | 4 |
| Stockholder distributions payable | — | 196 |
| Management and investment adviser fees payable | 53 | 56 |
| Subordinated income incentive fees payable(2) | 35 | 41 |
| Administrative services expense payable | 3 | 5 |
| Interest payable | 108 | 98 |
| Other accrued expenses and liabilities | 44 | 33 |
| Total liabilities | 7,597 | 8,620 |
| Commitments and contingencies(3) | ||
| Stockholders’ equity | ||
| Preferred stock, $0.001 par value, 50,000,000 shares authorized, none issued and outstanding | — | — |
| Common stock, $0.001 par value, 750,000,000 shares authorized, 280,066,433 and 280,066,433 shares issued and outstanding, respectively | 0 | 0 |
| Capital in excess of par value | 9,284 | 9,437 |
| Retained earnings (accumulated deficit)(4) | (2,662) | (2,588) |
| Total stockholders’ equity | 6,622 | 6,849 |
| Total liabilities and stockholders’ equity | $14,219 | $15,469 |
| Net asset value per share of common stock at year end | $23.64 | $24.46 |
(1)See Note 9 for a discussion of the Company’s financing arrangements.
(2)See Note 2 and 4 for a discussion of the methodology employed by the Company in calculating the subordinated income incentive fees.
(3)See Note 10 for a discussion of the Company’s commitments and contingencies.
(4)See Note 5 for a discussion of the sources of distributions paid by the Company.
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