Oaktree Specialty Lending Corporation (OCSL) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q2'26 | Q1'26 | 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 |
|---|
| Cash from Operations | -4.84M | 41.5M | 47.82M | -71.95M | 62M | 143.96M | 95.51M | -59.94M | -17.62M | 1.13M | 243.78M | 48.7M | 46.18M | -109.9M | 66.23M | 23.7M | -90.72M | 23.18M | -194.66M | 77.2M |
| Operating CF Margin % | -8.53% | 54.3% | 56.75% | -106.68% | -516.78% | 427.6% | 139.38% | -189.73% | -41.83% | 2.56% | 299.61% | 70.91% | 89.81% | -310.67% | 201.74% | -99.06% | -354.08% | 45.01% | -405.29% | 130.34% |
| Operating CF Growth % | -107.81% | -71.17% | -49.93% | -20.05% | 451.89% | 12696.09% | -60.82% | -223.07% | -138.16% | 101.02% | 268.07% | 105.49% | 150.9% | -574% | 134.02% | -69.3% | 29.75% | 44.26% | -454.87% | 189.59% |
| Net Income | -13.61M | 5.61M | 24.58M | 38.35M | -36.25M | 7.24M | 36.91M | 1.12M | 9.34M | 10.54M | 45.95M | 36.69M | 21.52M | 13.17M | 13.21M | -37.83M | 14.44M | 39.41M | 36.56M | 47.04M |
| Depreciation & Amortization | -39.34M | 0 | 0 | 0 | 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 | 80.36M | 24.97M | 3.93M | -8.74M | -43.36M | 178.58M | 104.4M | -73.64M | -25.38M | -116.39M | 237.69M | 25.56M | 92.27M | -136.68M | 66.94M | 82.53M | -56.95M | -27.94M | -216.68M | -10.97M |
| Working Capital Changes | -32.26M | 10.93M | 19.31M | -101.56M | 141.62M | -41.86M | -45.81M | 12.58M | -1.57M | 106.98M | -39.86M | -13.54M | -67.61M | 13.61M | -13.92M | -21M | -48.21M | 11.72M | -14.54M | 41.13M |
| Change in Receivables | -9.72M | 6.03M | -6.92M | 17.09M | 36.44M | -17.61M | -7.99M | 21.67M | -2.34M | 59.19M | -46.98M | -19.38M | 7.46M | 16.28M | -32.88M | -21.3M | -4.38M | -18.49M | -11.34M | 30.48M |
| 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 | -1.81M | -3.05M | 8.82M | -98.62M | 0 | -6.71M | 0 | 0 | 53K | 0 | 0 | 0 | 0 | 377K | 0 | 0 | 0 | -3.31M | 0 | 0 |
| Cash from Investing | 135.53M | -124.95M | -46.48M | 93.03M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 2.81B | 8.17M | 8.71M | 7.91M | 0 | 6.65M | 0 | 436K | 0 | 0 | 4.91M | 49K | 0 | 0 | 6.79M | 1.13M | 2.76M | 1.07M | 1.91M | 2.45M |
| Other Investing | 0 | 0 | 0 | 0 | 111.22M | -150.65M | -106.7M | 108.6M | 51.06M | 142.24M | -246.33M | -22.68M | -53.4M | 152.57M | -58.47M | -15.42M | 69.73M | 11.6M | 328.01M | -14.76M |
| Cash from Financing | -160.28M | 84.77M | -234K | -51.84M | -82M | -95.27M | -125.23M | 30M | 23.11M | -14.65M | -171.38M | -29.84M | -12.45M | 103.25M | -76.17M | -29.07M | 85.93M | -7.5M | 138.75M | -32.64M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | -1.18M | -1.14M | -1.17M | -3.75M | 98.67M | -1.46M | -1.55M | 14.29M | 46.06M | 32.4M | 1.37M | -1.12M | -1.29M | 0 | -983K | 369K | 19.6M | 0 | -611K | -520K |
| Dividends Paid | -34.09M | -34.1M | -34.06M | -33.24M | -37.11M | -43.78M | -43.68M | -43.31M | -42.86M | -46.96M | -40.93M | -41.27M | -41.1M | -56.75M | -30.19M | -29.38M | -28.5M | -27.17M | -25.54M | -22.93M |
| Share Repurchases | -1.14M | -1.14M | -1.17M | -3.75M | -4.29M | -1.46M | -1.55M | 0 | 0 | 0 | 0 | -1.12M | -1.29M | 0 | -983K | -874K | 0 | 0 | -611K | -520K |
| Other Financing | 0 | 0 | 0 | 0 | -3.54M | -38K | 0 | -986K | -85K | -85K | -3.33M | -7.45M | -50K | 0 | 0 | 277K | -158K | -334K | -1.05M | -7.48M |
| Net Change in Cash | -8.34M | -60.15M | -169K | -28.41M | -17.86M | 47.53M | -28.77M | -30.18M | 5.79M | -13.84M | 72.88M | 19.65M | 33.77M | -7.12M | -9.95M | -5.45M | -4.3M | 14.42M | -55.89M | 43.8M |
| Free Cash Flow | -4.84M | 41.5M | 47.82M | -71.95M | 62M | 143.96M | 95.51M | -59.94M | -17.62M | 1.13M | 243.78M | 48.7M | 46.18M | -109.9M | 66.23M | 23.7M | -90.72M | 23.18M | -194.66M | 77.2M |
| FCF Margin % | -8.53% | 54.3% | 56.75% | -106.68% | -516.78% | 427.6% | 139.38% | -189.73% | -41.83% | 2.56% | 299.61% | 70.91% | 89.81% | -310.67% | 201.74% | -99.06% | -354.08% | 45.01% | -405.29% | 130.34% |
| FCF Growth % | -107.81% | -71.17% | -49.93% | -20.05% | 451.89% | 12696.09% | -60.82% | -223.07% | -138.16% | 101.02% | 268.07% | 105.49% | 150.9% | -574% | 134.02% | -69.3% | 29.75% | 44.26% | -454.87% | 189.59% |
| FCF per Share | -0.06 | 0.47 | 0.54 | -0.82 | 0.72 | 1.75 | 1.16 | -0.73 | -0.22 | 0.01 | 3.16 | 0.63 | 0.63 | -1.80 | 1.08 | 0.39 | -1.50 | 0.39 | -3.24 | 1.28 |
| FCF Conversion (FCF/Net Income) | 0.26x | 7.40x | 1.95x | -1.88x | -1.71x | 19.89x | 2.59x | -53.52x | -1.89x | 0.11x | 5.31x | 1.33x | 2.15x | -8.34x | 5.01x | -0.63x | -6.28x | 0.59x | -5.32x | 1.64x |
| 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 |