Carlyle Secured Lending, Inc. 8.20% Notes due 2028 (CGBDL) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 |
|---|
| Cash from Operations | -31.35M | -215.5M | 18.39M | 66.92M | 18.38M | 20.94M | 21.31M | 15.3M | 25.34M | 12.11M | 23.64M | 15.15M | 21.2M | 17.73M | 18.57M | 13.97M | 19.63M | 16.86M | 19.4M | 13.48M |
| Operating CF Margin % | -46.86% | -324.02% | 28.53% | 185.27% | 41.31% | 47.07% | 34.12% | 35.73% | 40.28% | 20.06% | 45.4% | 33.61% | 38.13% | 32.45% | 41.61% | 26.18% | 37.88% | 32.85% | 43.49% | 31.71% |
| Operating CF Growth % | -270.56% | -1129.18% | -13.7% | 337.32% | -27.44% | 72.92% | -9.86% | 1.03% | 19.48% | -31.7% | 27.31% | 8.43% | 8.01% | 5.13% | -4.27% | 3.6% | - | - | - | - |
| Net Income | 16.84M | 9.31M | 14.63M | 14.05M | 21.36M | 19.61M | 18.75M | 29.26M | 29.59M | 29.99M | 4.71M | 27.99M | 12.46M | 37.83M | 4.67M | 30.68M | 33.96M | 47.62M | 42.87M | 35.9M |
| Depreciation & Amortization | 3.02M | 75K | 1.49M | 721K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -61.65M | -222.36M | 10.18M | 3.94M | -10.89M | 70K | -843K | -10.21M | -7.44M | -2.33M | 14.71M | -5.62M | 6.56M | -21.3M | 7.61M | -7.3M | -17.68M | -29.17M | -27.21M | -16.87M |
| Working Capital Changes | 10.45M | -2.53M | -7.92M | 48.2M | 7.92M | 1.26M | 3.41M | -3.76M | 3.18M | -7.68M | 2.46M | -4.63M | 2.65M | 833K | 3.85M | -5.28M | 1.67M | -232K | 1.7M | -3.4M |
| Change in Receivables | 17.93M | -19.84M | 1.91M | 17.93M | -1.91M | 1.84M | 1.57M | -215K | -186K | -8.84M | 1.47M | -2.15M | 305K | -2.27M | 3.05M | -4.96M | 1.79M | -2.01M | 1.53M | -1.77M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 269K | -269K | 125K | 269K | -417K | -2.57M | -551K | 845K | 970K | 293K | -442K | -765K | 2.64M | -610K | 828K | -112K | 649K | 515K | -385K |
| Cash from Investing | -263.11M | -109.41M | -249.31M | 78.88M | -129.51M | 41.95M | 50.19M | 65.7M | 30.47M | 45.13M | 68.36M | 10.41M | -41.2M | 54.5M | -107.09M | 36.83M | 74.34M | -65.44M | -21.63M | 18.79M |
| Capital Expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CapEx % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 2.46B | 0 | 105.59M | 0 | 0 | 0 | 0 | 1.78B | 1.84B | 1.86B | 1.9B | 1.97B | 1.98B | 1.95B | 1.89B | 1.87B | 1.91B | 1.95B | 1.87B | 1.84B |
| Other Investing | -78.88M | 78.88M | -208.39M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 228M | -30.76M | 29.26M | 48.51M | 99.03M | -86.45M | -49.2M | -71.53M | -50.58M | -56.17M | -80.73M | -13.19M | -18.14M | -42.88M | 58.3M | -74.36M | -47.06M | 35.34M | 26.14M | -65.19M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 0 | 0 | 0 | 101K | -380M | 380M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | -36.53M | -27.14M | -22.93M | -22.79M | -23.75M | -23.77M | -25.26M | -23.22M | -23.23M | -23.22M | -23.23M | -23.35M | -21.53M | -21.74M | -21.94M | -21.61M | -21.29M | -20.4M | -21.18M | -20.79M |
| Share Repurchases | -13.87M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3.99M | -7.34M | -7.14M | -6.97M | -7.01M | -7.94M | -6.77M | -8.16M | -5.57M |
| Other Financing | 264.53M | -3.62M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -32.95M | -57.5M | 10.16M | 3.38M | -21.13M | 80.24M | -52.75M | -25.77M | 55.74M | 47.32M | -44.41M |
| Net Change in Cash | 0 | 3.05M | -201.66M | 194.31M | -12.09M | -23.55M | 22.3M | 9.47M | 5.23M | 1.07M | 11.28M | 12.37M | -38.14M | 29.35M | -30.22M | -23.56M | 46.91M | -13.24M | 23.91M | -32.93M |
| Free Cash Flow | -31.35M | -215.5M | -103.51M | 145.8M | 18.38M | 20.94M | 21.31M | 15.3M | 25.34M | 12.11M | 23.64M | 15.15M | 21.2M | 17.73M | 18.57M | 13.97M | 19.63M | 16.86M | 19.4M | 13.48M |
| FCF Margin % | -46.86% | -324.02% | -160.59% | 403.67% | 41.31% | 47.07% | 34.12% | 35.73% | 40.28% | 20.06% | 45.4% | 33.61% | 38.13% | 32.45% | 41.61% | 26.18% | 37.88% | 32.85% | 43.49% | 31.71% |
| FCF Growth % | -270.56% | -1129.18% | -585.74% | 852.82% | -27.44% | 72.92% | -9.86% | 1.03% | 19.48% | -31.7% | 27.31% | 8.43% | 8.01% | 5.13% | -4.27% | 3.6% | - | - | - | - |
| FCF per Share | -0.44 | -2.96 | -1.42 | 2.54 | 0.32 | 0.37 | 0.38 | 0.27 | 0.45 | 0.22 | 0.47 | 0.27 | 0.38 | 0.31 | 0.35 | 0.24 | 0.33 | 0.28 | 0.32 | 0.22 |
| FCF Conversion (FCF/Net Income) | - | - | 1.26x | 4.76x | 0.86x | 1.07x | 1.14x | 0.52x | 0.86x | 0.40x | 5.02x | 0.54x | 1.70x | 0.47x | 3.98x | 0.46x | 0.58x | 0.35x | 0.45x | 0.38x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |