Morgan Stanley Direct Lending Fund (MSDL) quarterly cash flow statement — complete operating, investing & financing history
| Cash from Operations | 31.47M | 53.75M | 39.01M | 40.81M | 34.1M | -96.18M | -117.03M | 75.02M | 40.23M | 84.71M | 13.35M | 54.77M |
| Operating CF Margin % | 41.93% | 61.84% | 60.31% | 55.86% | 52.12% | -114.46% | -137.68% | 86.31% | 52.55% | 102.23% | 13.51% | 68.49% |
| Operating CF Growth % | -7.73% | 155.89% | 133.33% | -45.61% | -15.23% | -213.55% | -976.64% | 36.99% | 22.08% | 100.67% | -49.79% | 90.62% |
| Net Income | -4.51M | 28.73M | 27.6M | 36.1M | 29.67M | 51.63M | 53.21M | 59.05M | 51.68M | 57.39M | 73.41M | 56.44M |
| Depreciation & Amortization | 0 | 0 | 0 | -7.65M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock-Based Compensation | 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 |
| Other Non-Cash Items | 38.6M | 18.09M | 14.79M | 14.79M | 7.6M | -154.71M | -150.12M | -8.87M | -1.41M | -6.9M | -24.99M | -10.68M |
| Working Capital Changes | -2.62M | 6.94M | -3.38M | -2.42M | -3.17M | 6.9M | -20.12M | 24.84M | -10.04M | 34.22M | -35.06M | 9.21M |
| Change in Receivables | -3.3M | 3.47M | -4.59M | -3.63M | 3.62M | 1.24M | -4.2M | 1.75M | -457K | -2.71M | -2.66M | -998K |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -1.65M | 0 | 0 | 458K | 0 | 725K | -1.11M | 1.12M | 1.48M | 1.11M | 665K | 793K |
| Cash from Investing | 61.76M | 0 | 0 | 1.66M | 0 | 0 | 0 | -181.69M | -93.89M | -61.76M | -112.68M | -45.84M |
| Capital Expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CapEx % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 3.69B | 3.77B | 3.79B | 0 | 0 | 0 | 0 | 0 | 0 | 3.19B | 0 | 0 |
| Other Investing | 0 | 0 | 0 | 0 | 1.8M | 149.2M | 150.23M | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | -87.11M | -37.7M | -25.82M | -32.31M | -37.06M | 78.11M | 112.49M | 136.87M | 48.71M | -41.33M | 134.57M | -55.68M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | -14.71M | -9.11M | -2.88M | -20.52M | -9.62M | -10.06M | -8M | 0 | 95.89M | 212.87M | 7.33M | 0 |
| Dividends Paid | -43.14M | -43.41M | -43.48M | -44.01M | -53.14M | -53.44M | -44.63M | -33.83M | -37.18M | -31.19M | -29.76M | -25.68M |
| Share Repurchases | -14.71M | -9.11M | -2.88M | -20.52M | -9.62M | -10.06M | -8M | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -59K | -181K | -3.46M | -57K | -4.31M | 0 | -1.37M | -8.64M | 0 | 0 | -6M | 0 |
| Net Change in Cash | -777K | 15.96M | 13.26M | -17.18M | -2.97M | -18.06M | -4.54M | 30.2M | -4.94M | -18.38M | 35.23M | -46.76M |
| Free Cash Flow | 31.47M | 53.75M | 39.01M | 40.81M | 34.1M | -96.18M | -117.03M | 75.02M | 40.23M | 84.71M | 13.35M | 54.77M |
| FCF Margin % | 41.93% | 61.84% | 60.31% | 55.86% | 52.12% | -114.46% | -137.68% | 86.31% | 52.55% | 102.23% | 13.51% | 68.49% |
| FCF Growth % | -7.73% | 155.89% | 133.33% | -45.61% | -15.23% | -213.55% | -976.64% | 36.99% | 22.08% | 100.67% | -49.79% | 90.62% |
| FCF per Share | 0.37 | 0.62 | 0.45 | 0.47 | 0.39 | -1.08 | -1.31 | 0.84 | 0.46 | 1.03 | 0.15 | 0.62 |
| FCF Conversion (FCF/Net Income) | -6.98x | 1.87x | 1.41x | 1.13x | 1.15x | -1.86x | -2.20x | 1.27x | 0.78x | 1.48x | 0.18x | 0.97x |
| Interest Paid | 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 |