Blue Owl Technology Finance Corp
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
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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, 2024 · Filed Nov 8, 2024
OTF$9.83+3.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2024 and 2023 (Unaudited)
Consolidated Statements of Operations
| For the Three Months Ended September 30, | For the Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Investment Income | ||||
| Investment income from non-controlled, non-affiliated investments: | ||||
| Interest income | $131,461 | $138,751 | $391,698 | $388,427 |
| Payment-in-kind interest income | 24,994 | 23,412 | 84,063 | 85,336 |
| Dividend income | 599 | 515 | 1,627 | 1,190 |
| Payment-in-kind dividend income | 7,371 | 6,100 | 20,929 | 18,268 |
| Other income | 939 | 1,043 | 5,089 | 3,589 |
| Total investment income from non-controlled, non-affiliated investments | 165,364 | 169,821 | 503,406 | 496,810 |
| Investment income from non-controlled, affiliated investments: | ||||
| Interest income | 275 | — | 275 | — |
| Payment-in-kind interest income | 475 | — | 475 | — |
| Dividend income | 1,774 | 444 | 4,463 | 939 |
| Payment-in-kind dividend income | 3,007 | 2,760 | 8,701 | 7,960 |
| Other income | 13 | — | 19 | — |
| Total investment income from non-controlled, affiliated investments | 5,544 | 3,204 | 13,933 | 8,899 |
| Total Investment Income | 170,908 | 173,025 | 517,339 | 505,709 |
| Expenses | ||||
| Interest expense | $48,278 | $49,657 | $145,984 | $146,448 |
| Management fees | 14,071 | 14,646 | 42,018 | 44,101 |
| Incentive fees | 10,251 | 6,196 | 24,341 | 29,727 |
| Professional fees | 1,670 | 2,372 | 4,986 | 6,598 |
| Directors' fees | 259 | 320 | 775 | 773 |
| Other general and administrative | 1,275 | 174 | 3,961 | 3,178 |
| Total Expenses | 75,804 | 73,365 | 222,065 | 230,825 |
| Net Investment Income (Loss) Before Taxes | 95,104 | 99,660 | 295,274 | 274,884 |
| Income tax expense (benefit), including excise tax expense (benefit) | 2,846 | 2,580 | 8,583 | 8,970 |
| Net Investment Income (Loss) After Taxes | 92,258 | 97,080 | 286,691 | 265,914 |
| Net Change in Unrealized Gain (Loss) | ||||
| Non-controlled, non-affiliated investments | $57,725 | $(59,501) | $(7,355) | $3,277 |
| Non-controlled, affiliated investments | 13,135 | (3,792) | 5,177 | (9,467) |
| Controlled, affiliated investments | 37,906 | — | 39,932 | — |
| Translation of assets and liabilities in foreign currencies | 922 | (453) | 793 | (161) |
| Total Net Change in Unrealized Gain (Loss) | 109,688 | (63,746) | 38,547 | (6,351) |
| Net Realized Gain (Loss): | ||||
| Non-controlled, non-affiliated investments | $(65,983) | $23,460 | $(88,455) | $8,037 |
| Non-controlled, affiliated investments | (16,865) | — | (16,865) | — |
| Foreign currency transactions | 440 | 10 | (1,391) | (55) |
| Total Net Realized Gain (Loss) | (82,408) | 23,470 | (106,711) | 7,982 |
| Total Net Realized and Change in Unrealized Gain (Loss) | $27,280 | $(40,276) | $(68,164) | $1,631 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | $119,538 | $56,804 | $218,527 | $267,545 |
| Earnings (Loss) Per Share - Basic and Diluted | $0.57 | $0.28 | $1.04 | $1.31 |
| Weighted Average Shares Outstanding - Basic and Diluted | 210,331,300 | 205,474,428 | 209,162,895 | 204,446,780 |
Consolidated Statements of Operations
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