Blue Owl Capital Corp
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
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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, 2026 · Filed Nov 4, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows for the and (Unaudited)
Consolidated Statements of Cash Flows
| For the Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash Flows from Operating Activities | ||
| Net Increase (Decrease) in Net Assets Resulting from Operations | $221,415 | $508,320 |
| Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities: | ||
| Purchases of investments | (1,773,012) | (2,638,605) |
| Proceeds from investments and investment repayments | 2,874,979 | 2,867,271 |
| Collections of PIK interest and dividends | 147,568 | 129,018 |
| Net amortization/accretion of premium/discount on investments | (50,504) | (83,684) |
| PIK interest and dividends | (121,208) | (126,753) |
| Net change in unrealized (gain) loss on investments | 174,678 | (25,868) |
| Net change in interest rate swap attributed to unsecured notes | (67,530) | 38,067 |
| Net change in unrealized (gain) loss on foreign currency forward contracts | (8,326) | 1,293 |
| Net change in unrealized (gain) loss on translation of assets and liabilities in foreign currencies | 16,477 | (18,155) |
| Net realized (gain) loss on investments | 109,230 | 132,396 |
| Net realized (gain) loss on foreign currency transactions relating to investments | (3,045) | (5,994) |
| Amortization of debt issuance costs | 37,827 | 31,741 |
| Cash acquired in the OBDE Mergers | — | 125,621 |
| Changes in operating assets and liabilities: | ||
| (Increase) decrease in interest and dividend receivable | 9,799 | 45,197 |
| (Increase) decrease in receivable from a controlled affiliate | (5,027) | (8,195) |
| (Increase) decrease in prepaid expenses and other assets | (23,138) | 30,092 |
| Increase (decrease) in management fee payable | (7,182) | 10,101 |
| Increase (decrease) in incentive fee payable | (4,528) | (1,597) |
| Increase (decrease) in payables to affiliate | (7,635) | 4,903 |
| Increase (decrease) in payable for investments purchased | 51,315 | 9,997 |
| Increase (decrease) in accrued expenses and other liabilities | 5,097 | (106,624) |
| Net cash provided by (used in) operating activities | 1,577,250 | 918,542 |
| Cash Flows from Financing Activities | ||
| Borrowings on debt | 5,282,800 | 4,533,775 |
| Payments on debt | (6,381,915) | (5,065,359) |
| Debt issuance costs | (36,603) | (19,533) |
| Repurchases of common stock | (105,460) | — |
| Shares issued under the "at the market" offering | — | 3,070 |
| Cash distributions paid to shareholders | (531,300) | (563,434) |
| Net cash provided by (used in) financing activities | (1,772,478) | (1,111,481) |
| Net increase (decrease) in cash and restricted cash, including foreign cash (restricted cash of $17,779 and $(4,680), respectively) | (195,228) | (192,939) |
| Effect of exchange rate changes on foreign cash | (139) | 82 |
| Cash and restricted cash, including foreign cash, beginning of period | 568,542 | 514,156 |
| Cash and restricted cash, including foreign cash, end of period | $373,175 | $321,299 |
Consolidated Statements of Cash Flows
| For the Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Supplemental and Non-Cash Information | ||
| Interest paid during the period | $384,409 | $461,481 |
| Distributions declared during the period | 498,332 | 608,141 |
| Distributions Payable | 151,909 | 189,088 |
| Issuance of shares in connection with the OBDE Mergers(1) | — | 1,755,181 |
| Receivable for investments sold | 750 | 1,000 |
| Taxes, including excise tax, paid during the period | 6,878 | 8,841 |
(1)On January 13, 2025, in connection with the OBDE Mergers, the Company acquired net assets of $1.85 billion for the total stock consideration of $1.76 billion, inclusive of $7.0 million of transaction costs. Refer to “Note 13 —Merger with Blue Owl Capital Corporation III” (“OBDE”) for additional information on the OBDE Mergers.
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