ARES CAPITAL CORP
For the period ended Mar 31, 2024. Filed May 1, 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.
Mar 31, 2024 · Filed May 1, 2024
ARCC$19.35+1.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statement of Operations for the three months ended
CONSOLIDATED STATEMENT OF OPERATIONS
| For the Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| INVESTMENT INCOME: | ||
| From non-controlled/non-affiliate company investments: | ||
| Interest income (excluding payment-in-kind (“PIK”) interest income) | $413 | $367 |
| PIK interest income | 42 | 37 |
| Capital structuring service fees | 26 | 10 |
| Dividend income | 79 | 57 |
| Other income | 12 | 16 |
| Total investment income from non-controlled/non-affiliate company investments | 572 | 487 |
| From non-controlled affiliate company investments: | ||
| Interest income (excluding PIK interest income) | 4 | 3 |
| PIK interest income | 1 | 1 |
| Dividend income | 1 | — |
| Total investment income from non-controlled affiliate company investments | 6 | 4 |
| From controlled affiliate company investments: | ||
| Interest income (excluding PIK interest income) | 48 | 59 |
| PIK interest income | 5 | 3 |
| Capital structuring service fees | 2 | — |
| Dividend income | 67 | 64 |
| Other income | 1 | 1 |
| Total investment income from controlled affiliate company investments | 123 | 127 |
| Total investment income | 701 | 618 |
| EXPENSES: | ||
| Interest and credit facility fees | 159 | 139 |
| Base management fee | 87 | 79 |
| Income based fee | 88 | 76 |
| Capital gains incentive fee | 25 | (6) |
| Administrative and other fees | 3 | 3 |
| Other general and administrative | 7 | 7 |
| Total expenses | 369 | 298 |
| NET INVESTMENT INCOME BEFORE INCOME TAXES | 332 | 320 |
| Income tax expense, including excise tax | 7 | 2 |
| NET INVESTMENT INCOME | 325 | 318 |
| REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS, FOREIGN CURRENCY AND OTHER TRANSACTIONS: | ||
| Net realized gains (losses): | ||
| Non-controlled/non-affiliate company investments | (5) | (20) |
| Controlled affiliate company investments | 1 | — |
| Foreign currency and other transactions | (14) | (30) |
| Net realized losses | (18) | (50) |
| Net unrealized gains (losses): | ||
| Non-controlled/non-affiliate company investments | 97 | 3 |
| Non-controlled affiliate company investments | (3) | 14 |
| Controlled affiliate company investments | 32 | (32) |
| Foreign currency and other transactions | 30 | 25 |
| Net unrealized gains | 156 | 10 |
| Net realized and unrealized gains (losses) on investments, foreign currency and other transactions | 138 | (40) |
| REALIZED LOSS ON EXTINGUISHMENT OF DEBT | (14) | — |
| NET INCREASE IN STOCKHOLDERS' EQUITY RESULTING FROM OPERATIONS | $449 | $278 |
| NET INCOME PER COMMON SHARE (see Note 10) | ||
| Basic | $0.76 | $0.52 |
| Diluted | $0.76 | $0.51 |
| WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING (see Note 10) | ||
| Basic | 591 | 534 |
| Diluted | 591 | 555 |
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