Barings BDC, Inc. (BBDC) quarterly cash flow statement — complete operating, investing & financing history
| Metric | 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 | Q2'21 |
|---|
| Cash from Operations | -4.48M | 204.53M | 16.48M | -52.71M | -7.75M | -45.16M | 19.57M | 138.31M | 4.89M | 139M | -34.86M | 64.82M | -92.02M | -23.41M | 122.35M | -13.33M | 106.19M | 18.02M | 15.37M | 10.49M |
| Operating CF Margin % | -8.58% | 411.51% | 23.2% | -114.99% | -14.13% | -89.99% | 40.74% | 322.62% | 7.01% | 183.26% | -49.21% | 86.09% | -136.93% | -36.89% | 217.3% | -23.98% | 242.69% | 76.95% | 61.95% | 26.56% |
| Operating CF Growth % | 42.23% | 552.92% | -15.83% | -138.11% | -258.5% | -132.49% | 156.15% | 113.37% | 105.32% | 693.68% | -128.5% | 586.3% | -186.65% | -229.91% | 695.78% | -227.07% | 848.9% | 125.39% | 195.8% | 72.58% |
| Net Income | 19.99M | 25.24M | 23.55M | 20.56M | 32.58M | 24.83M | 22.02M | 19.44M | 44M | 29.91M | 18.32M | 40.12M | 39.65M | -1.25M | 9.89M | -24.99M | 21.03M | 11.48M | 14.41M | 29.31M |
| Depreciation & Amortization | 0 | 1.62M | 1.27M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -11.31B | 60.35M | 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 | -17.14M | 173.74M | -7.94M | -73.5M | -40.58M | -76.52M | 167K | 119.39M | -53.77M | 111.07M | -49.61M | 25.97M | 11.17B | -92.39M | 93.68M | 50.72M | 98.39M | 16.34M | -1.82M | -16.18M |
| Working Capital Changes | -7.33M | 3.92M | -404K | 228K | 256K | 6.54M | -2.61M | -518K | 14.66M | -1.98M | -3.57M | -1.26M | 9.45M | 9.88M | 18.77M | -39.05M | -13.23M | -9.79M | 2.78M | -2.64M |
| Change in Receivables | 5.11M | -1.71M | 2.72M | -4.88M | 4.19M | -641K | -5.57M | 3.9M | 10.73M | -3.69M | -13K | 694K | -3.42M | 21.66M | 14.24M | -37.36M | -13.13M | -8.77M | 814.02K | -3.58M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.42M | -21.66M | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -4.82M | 0 | 0 | 0 | -3.33M | 3.13M | 5.9M | -6.6M | 0 | 0 | 0 | 747K | 8.96B | -7.76M | 5.12M | -115K | -2.96M | -787.72K | 730.04K | 1.81M |
| Cash from Investing | 72.44M | 0 | 0 | 0 | 0 | 0 | 4.54M | 0 | 0 | 105.81M | -59.63M | 42.8M | -110.12B | -15.34M | 67.22M | 19.49M | -125.03M | -348.7M | 47.17M | -127.36M |
| 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 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0% | 0% | 0% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 2.44B | 2.46B | 58.09M | 54.56M | 71.51M | 88.27M | 58.76M | 54.9M | 56.46M | 57.8M | 62.44M | 63.29M | 59.93M | 54.59M | 65.39M | 46.04M | 59.4M | 16.34M | 14.3M | 14.3M |
| Other Investing | 0 | 0 | 0 | 0 | 44.88M | 68.12M | 0 | -97.55M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | -39.06M | -220.95M | 17.47M | 1.35M | 17.03M | 70.5M | -42.48M | -118.06M | -11.31M | -118.23M | 4.29M | -39.89M | 8M | 25.51M | -182.8M | 37.18M | 89.01M | 323.55M | -12.44M | 44.07M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 0 | -4.01M | 0 | -888K | -1.45M | -1.47M | -1.96M | -1.91M | -1.11M | -3.92M | 0 | -10.85M | 0 | -8.48M | -8.51M | -13.01M | -2.11M | 0 | 0 | 0 |
| Dividends Paid | -27.22M | -27.34M | -32.6M | -32.63M | -32.68M | -27.45M | -27.5M | -27.53M | -27.58M | -27.66M | -27.69M | -26.67M | -26.98M | -26M | -26.2M | -26.5M | -15.02M | -14.37M | -13.72M | -13.06M |
| Share Repurchases | 0 | -4.01M | 0 | -888K | -1.45M | -1.47M | -1.96M | -1.91M | -1.11M | -3.92M | 0 | -10.85M | 0 | -8.48M | -8.51M | -13.01M | -2.11M | 0 | 0 | 0 |
| Other Financing | 0 | -1.68M | -5.25M | 0 | 0 | -6.58M | 0 | -83K | -7.12M | -1K | -14K | -2.37M | -21K | -13K | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Change in Cash | 28.9M | -16.43M | 33.95M | -51.35M | 9.28M | 25.34M | -18.37M | 20.25M | -6.42M | 20.77M | -30.57M | 24.93M | -84.02M | 2.09M | -60.45M | 43.34M | 70.18M | 42.87M | 10.68M | -9.81M |
| Free Cash Flow | -4.48M | 204.53M | 16.48M | -52.71M | -7.75M | -45.16M | 19.57M | 138.31M | 4.89M | 139M | -34.86M | 64.82M | -92.02M | -23.41M | 122.35M | -13.33M | 106.19M | 18.02M | 15.37M | 10.49M |
| FCF Margin % | -8.58% | 411.51% | 23.2% | -114.99% | -14.13% | -89.99% | 40.74% | 322.62% | 7.01% | 183.26% | -49.21% | 86.09% | -136.93% | -36.89% | 217.3% | -23.98% | 242.69% | 76.95% | 61.95% | 26.56% |
| FCF Growth % | 42.23% | 552.92% | -15.83% | -138.11% | -258.5% | -132.49% | 156.15% | 113.37% | 105.32% | 693.68% | -128.5% | 586.3% | -186.65% | -229.91% | 695.78% | -227.07% | 848.9% | 125.39% | 195.8% | 72.58% |
| FCF per Share | -0.04 | 1.94 | 0.16 | -0.50 | -0.07 | -0.43 | 0.19 | 1.31 | 0.05 | 1.31 | -0.33 | 0.60 | -0.85 | -0.22 | 1.12 | -0.12 | 1.28 | 0.28 | 0.24 | 0.16 |
| FCF Conversion (FCF/Net Income) | -0.22x | 8.10x | 0.70x | -2.56x | -0.24x | -1.82x | 0.89x | 7.11x | 0.11x | 4.65x | -1.90x | 1.62x | -2.32x | 18.72x | 12.37x | 0.53x | 5.05x | 1.57x | 1.07x | 0.36x |
| Interest Paid | 0 | 13.65M | 21.92M | 0 | 0 | 0 | 0 | 0 | 15.58M | 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 |