Carlyle Secured Lending, Inc. (CGBD) 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 | 212.39M | 30.97M | 33.81M | -230.92M | 145.8M | 18.38M | 20.94M | 71.5M | 15.3M | 55.81M | 57.24M | 92M | 25.56M | -19.99M | 72.23M | -88.52M | 13.97M | 93.97M | -48.58M | -2.23M |
| Operating CF Margin % | 389.01% | 41.5% | 69.26% | -591.17% | 413.27% | 45.1% | 53.69% | 188.46% | 30.56% | 111.35% | 112.75% | 370.61% | 54.28% | -65.9% | 138.62% | -560.56% | 34.58% | 215.14% | -84.41% | -4.26% |
| Operating CF Growth % | 45.67% | 68.49% | 61.48% | -422.99% | 852.82% | -67.06% | -63.42% | -22.29% | -40.13% | 379.13% | -20.75% | 203.93% | 82.98% | -121.28% | 248.7% | -3864.35% | 3.6% | -41.24% | -591.16% | -101.37% |
| Net Income | -4.22M | 16.84M | 23.9M | 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 |
| Depreciation & Amortization | 0 | 3.02M | 0 | 770K | 721K | 0 | 0 | 503K | 0 | 391K | 194K | 180K | 0 | 6.87M | 0 | 225K | 0 | 1.34M | 176K | 330K |
| 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 | 220.25M | -2.62M | 13.92M | -242.61M | 120.58M | -10.89M | 70K | 48.84M | -10.21M | 22.65M | 34.74M | 84.66M | 2.2M | -41.97M | 33.57M | -97.27M | -11.44M | 56.99M | -96.14M | -47.13M |
| Working Capital Changes | -3.64M | 13.74M | -4.01M | -3.72M | 10.45M | 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 |
| Change in Receivables | 3.9M | -167K | 4.68M | -4.04M | 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 |
| 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 | 0 | 0 | 0 | 0 | 269K | -417K | 0 | -551K | 0 | 0 | 293K | -442K | -765K | 2.64M | 0 | 828K | -112K | 0 | 0 |
| Cash from Investing | 0 | -184.22M | 0 | 0 | 0 | -129.51M | 41.95M | 0 | 65.7M | 0 | 45.13M | 68.36M | 10.41M | -41.2M | 54.5M | 0 | 36.83M | 6.06M | 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 | 0 | 298K | 2.42B | 742K | 306K | 1.86M | 0 | 0 | 0 | 985K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 0 | 0 | 0 | 0 | -78.88M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | -191.64M | 177.47M | -30.76M | 29.26M | 48.51M | 99.03M | -86.45M | -49.19M | -71.53M | -50.58M | -56.17M | -80.73M | -13.19M | -18.14M | -42.88M | 58.3M | -74.36M | -47.06M | 35.34M | 26.14M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | -18.5M | -13.87M | 0 | 0 | 101K | -380M | 380M | 0 | 0 | 0 | 0 | 0 | -3.99M | -7.34M | -7.14M | -6.97M | -7.01M | -7.94M | -6.77M | -8.16M |
| Dividends Paid | -28.72M | -29.16M | -29.16M | -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 |
| Share Repurchases | -18.5M | -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 |
| Other Financing | -68K | 0 | -267K | 2.17M | -2.24M | 0 | 0 | -54K | 0 | -3.35M | -1.68M | 0 | 0 | -1K | 0 | -1.29M | 0 | 0 | -46K | -214K |
| Net Change in Cash | 20.75M | 24.23M | 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 |
| Free Cash Flow | 212.39M | 30.97M | 33.81M | -230.92M | 145.8M | 18.38M | 20.94M | 71.5M | 15.3M | 55.81M | 57.24M | 92M | 25.56M | -19.99M | 72.23M | -88.52M | 13.97M | 93.97M | -48.58M | -2.23M |
| FCF Margin % | 389.01% | 41.5% | 69.26% | -591.17% | 413.27% | 45.1% | 53.69% | 188.46% | 30.56% | 111.35% | 112.75% | 370.61% | 54.28% | -65.9% | 138.62% | -560.56% | 34.58% | 215.14% | -84.41% | -4.26% |
| FCF Growth % | 45.67% | 68.49% | 61.48% | -422.99% | 852.82% | -67.06% | -63.42% | -22.29% | -40.13% | 379.13% | -20.75% | 203.93% | 82.98% | -121.28% | 248.7% | -3864.35% | 3.6% | -41.24% | -591.16% | -101.37% |
| FCF per Share | 3.00 | 0.42 | 0.46 | -3.17 | 2.54 | 0.33 | 0.37 | 1.27 | 0.27 | 0.99 | 1.02 | 1.81 | 0.45 | -0.34 | 1.26 | -1.69 | 0.24 | 1.58 | -0.82 | -0.04 |
| FCF Conversion (FCF/Net Income) | -50.35x | 1.78x | 1.41x | -15.78x | 10.37x | 0.86x | 1.07x | 3.81x | 0.52x | 1.89x | 1.91x | 19.52x | 0.91x | -1.60x | 1.91x | -18.98x | 0.46x | 2.77x | -1.02x | -0.05x |
| Interest Paid | 0 | 0 | 0 | 16.24M | 0 | 0 | 0 | 14.14M | 0 | 16.71M | 0 | 0 | 0 | 0 | 0 | 8.34M | 0 | 0 | 7.58M | 7.26M |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |