Golub Capital BDC, Inc. (GBDC) 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 | 35.64M | 212.01M | 266.12M | -200.42M | 195.44M | -374.74M | -200.03M | 230.93M | 149.38M | 163.63M | 64.12M | 48.54M | 29.79M | 52.92M | 158.93M | -186.37M | -207.29M | -181.73M | -386.7M | 41.95M |
| Operating CF Margin % | 20.2% | 102.42% | 154.48% | -97.44% | 101.63% | -156.82% | -102.11% | 266.93% | 86.72% | 104.64% | 37.46% | 31.55% | 20.27% | 52.63% | 215.19% | -323.66% | -189.32% | -172.5% | -427.37% | 41.42% |
| Operating CF Growth % | -81.77% | 156.58% | 233.04% | -186.79% | 30.83% | -329.01% | -411.94% | 375.71% | 401.54% | 209.21% | -59.65% | 126.05% | 114.37% | 129.12% | 141.1% | -544.23% | -201.83% | -10.23% | -478.62% | -59.9% |
| Net Income | -46.8M | 65.25M | 96.29M | 90.06M | 78.98M | 111.31M | 95.2M | 9.25M | 93.56M | 75.78M | 101.56M | 72.98M | 58.5M | 25.58M | 8.08M | 15.41M | 66.87M | 63.08M | 71.63M | 82.89M |
| Depreciation & Amortization | 0 | 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 | 88.96M | 135.09M | 181.09M | -278.51M | 95.21M | -483.13M | -343.49M | 255.69M | 47.95M | 93.88M | -5.16M | -27.25M | -26.59M | 27.92M | 138.01M | -208.29M | -282.45M | -250.27M | -455.72M | -40.19M |
| Working Capital Changes | -6.52M | 11.67M | -11.26M | -11.96M | 21.25M | -2.92M | 48.27M | -34.01M | 7.88M | -6.03M | -32.28M | 2.81M | -2.13M | -587K | 12.84M | 6.51M | 8.29M | 5.46M | -2.62M | -745K |
| Change in Receivables | 11.56M | -3.53M | 287K | -6.3M | 7.55M | 740K | 16.77M | 16.13M | -11.31M | 3.56M | -28.12M | 1.31M | -2.44M | -8M | -225K | 682K | 3.04M | -5.93M | -1.16M | 1.19M |
| 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 | -6.09M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | 213.13M | 0 | 0 | 0 | 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 | 0 | 8.64B | 12.13M | 8.96B | 11.64M | 12.49M | 31.71M | 22.36M | 13.56M | 9.23M | 14.94M | 10.01M | 15.44M | 17.89M | 5.45B | 14.15M | 5.43B | 371K | 4.89B | 0 |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | -273.93M | -164.03M | -332.31M | 132.68M | -170.09M | 238.14M | 93.68M | -226.91M | 139.81M | -130.81M | -94.69M | -15.2M | -58.16M | -67.49M | -99.4M | 133.55M | 80.09M | 238.89M | 396.86M | 9.21M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | -41.91M | -54.18M | -21.81M | -54.89M | 36.3M | 0 | -4.81M | 0 | 0 | 0 | -13.45M | -18.69M | -22.5M | -9.15M | -11.05M | -11.93M | -13.45M | 0 | 0 | 0 |
| Dividends Paid | -72.33M | -84.48M | -87.24M | -83.34M | -89.33M | -108.3M | -139.02M | -75.6M | -63.84M | -59.74M | -56.15M | -44.52M | -43.55M | -47.24M | -40.22M | -39.34M | -37.36M | -38.29M | -35.85M | -35.11M |
| Share Repurchases | -77.81M | -54.18M | -21.81M | -54.89M | -1.13M | 0 | -4.81M | 0 | 0 | 0 | -13.45M | -18.69M | -22.5M | -9.15M | -11.05M | -11.93M | -13.45M | 0 | 0 | 0 |
| Other Financing | 0 | -451K | -1.61M | -3.03M | -17K | -5.98M | -5.5M | -145K | -8.03M | -5.31M | -414K | 0 | -5.19M | -178K | -319K | 0 | -158K | -6.22M | -4.83M | -1.45M |
| Net Change in Cash | -25.36M | 48.1M | -66.33M | -67.61M | 25.51M | -138.68M | -105.16M | 4.37M | 286.93M | 33.21M | -30.83M | 33.34M | -28.34M | -14.52M | 59.37M | -53.15M | -127.14M | 57.13M | 9.5M | 50.76M |
| Free Cash Flow | 35.64M | 212.01M | 266.12M | -200.42M | 195.44M | -374.74M | -200.03M | 230.93M | 149.38M | 163.63M | 64.12M | 48.54M | 29.79M | 52.92M | 158.93M | -186.37M | -207.29M | -181.73M | -386.7M | 41.95M |
| FCF Margin % | 20.2% | 102.42% | 154.48% | -97.44% | 101.63% | -156.82% | -102.11% | 266.93% | 86.72% | 104.64% | 37.46% | 31.55% | 20.27% | 52.63% | 215.19% | -323.66% | -189.32% | -172.5% | -427.37% | 41.42% |
| FCF Growth % | -81.77% | 156.58% | 233.04% | -186.79% | 30.83% | -329.01% | -411.94% | 375.71% | 401.54% | 209.21% | -59.65% | 126.05% | 114.37% | 129.12% | 141.1% | -544.23% | -201.83% | -10.23% | -478.62% | -59.9% |
| FCF per Share | 0.14 | 0.80 | 1.00 | -0.75 | 0.73 | -1.42 | -0.76 | 1.15 | 0.88 | 0.96 | 0.38 | 0.29 | 0.17 | 0.31 | 0.93 | -1.09 | -1.21 | -1.07 | -2.29 | 0.25 |
| FCF Conversion (FCF/Net Income) | -0.76x | 3.25x | 2.76x | -2.23x | 2.47x | -3.37x | -2.10x | 24.96x | 1.60x | 2.16x | 0.43x | 0.67x | 0.51x | -6.33x | -14.21x | -11.39x | -2.40x | -2.84x | -5.40x | 0.51x |
| 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 |