BlackRock TCP Capital Corp. (TCPC) 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 | 42.28M | 40.53M | 103.74M | -41.86M | 52.5M | 71.66M | 101.63M | 86.42M | 33.41M | 35.44M | 46.56M | 45.98M | -40.42M | 35.47M | 132.21M | 28.13M | 26.68M | -33.35M | -15.04M | 64.81M |
| Operating CF Margin % | 429.1% | -135.27% | 246.65% | -1672.72% | 134.29% | -419.86% | 221.11% | -298.46% | 160.44% | 69.7% | 85.89% | 85.21% | -80.34% | 75.98% | 274.25% | 63.99% | 63.3% | -84.26% | -35.2% | 155.62% |
| Operating CF Growth % | -19.48% | -43.44% | 2.08% | -148.44% | 57.14% | 102.2% | 118.27% | 87.95% | 182.67% | -0.09% | -64.78% | 63.48% | -251.48% | 206.36% | 979.17% | -56.6% | 122.15% | -164.36% | -191.09% | 166.35% |
| Net Income | -16.3M | -118.29M | 24.37M | -15.91M | 20.89M | -38.55M | 21.63M | -51.28M | 5.06M | -13.31M | 12.82M | 16.25M | 22.71M | -47.79M | 26.24M | -128.07K | 12.45M | 32.58M | 10.9M | 54.83M |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -30.07M | 70.17M | 0 | 0 | 4.22M | -72.71M | 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 | 29.35M | 185.07M | 77.99M | -21.09M | 27.97M | 115.06M | 75.23M | 136.71M | 35.8M | 34.37M | 48.08M | 25.95M | -25.3M | -100.87K | 118.78M | 18.18M | 42.05M | -9.92M | 4.65M | -39.26M |
| Working Capital Changes | 29.23M | -26.25M | 1.38M | -4.86M | 3.64M | -4.84M | 4.76M | 985.13K | -7.44M | 14.39M | -14.34M | 3.78M | -7.75M | 13.19M | -12.81M | 10.07M | -32.04M | 16.69M | -30.59M | 49.24M |
| Change in Receivables | 25.1M | -23.17M | 5.26M | -7.7M | 3.02M | -1.16M | 6.2M | 4.59M | -498.48K | 1.01M | -2.59M | -1.68M | -1.49M | -1.36M | 27.6K | 2.12M | 4.39M | 6.48M | 320.39K | 12.62M |
| 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 | 1.37M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.6M | -4.77M | -1.43M | -964.25K | 9.06M | -6.81M | 516.6K | -28.35M | 3.64M | -21.37M | 27.02M |
| Cash from Investing | 116.85M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.89M | 36.71M | 16.48M | -55.11M | 151.05M | 124.18M | -18.54M | 42.17M | -128.74M | 71.49M | -50.09M |
| 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 | 1.39B | 1.53B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | -126.95M | -40.45M | -150.06M | 50.06M | -44.98M | -84.25M | -192.12M | -12.32M | -25.08M | -19.74M | -78.04M | -21.64M | 56.77M | -58.83M | -75.84M | -3.81M | -2.58M | 16.32M | -37.75M | -11.09M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | -2.28M | -2.55M | -162.7K | -274.46K | -26.91K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | -14.32M | -21.17M | -24.66M | -24.66M | -24.67M | -37.44M | -29.1M | -29.1M | -26.9M | -34.08M | -25.42M | -19.64M | -21.37M | -18.49M | -17.33M | -17.33M | -17.33M | -17.33M | -17.33M | -17.33M |
| Share Repurchases | -2.28M | -2.55M | -162.7K | -274.46K | -26.91K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 0 | -1.38M | 0 | 0 | -5.45M | -2.01M | -5.5M | 0 | 0 | 0 | -32.97K | 0 | 0 | 0 | 0 | 0 | -240.81K | 0 | 0 |
| Net Change in Cash | 32.18M | 81.19K | -46.32M | 8.2M | 7.53M | -12.59M | -90.49M | 74.1M | 8.33M | 20.59M | -31.48M | 24.34M | 16.35M | -23.36M | 56.37M | 5.78M | 24.1M | -17.04M | 18.71M | 3.63M |
| Free Cash Flow | 42.28M | 40.53M | 103.74M | -41.86M | 52.5M | 71.66M | 101.63M | 86.42M | 33.41M | 35.44M | 46.56M | 45.98M | -40.42M | 35.47M | 132.21M | 28.13M | 26.68M | -33.35M | -15.04M | 64.81M |
| FCF Margin % | 429.1% | -135.27% | 246.65% | -1672.72% | 134.29% | -419.86% | 221.11% | -298.46% | 160.44% | 69.7% | 85.89% | 85.21% | -80.34% | 75.98% | 274.25% | 63.99% | 63.3% | -84.26% | -35.2% | 155.62% |
| FCF Growth % | -19.48% | -43.44% | 2.08% | -148.44% | 57.14% | 102.2% | 118.27% | 87.95% | 182.67% | -0.09% | -64.78% | 63.48% | -251.48% | 206.36% | 979.17% | -56.6% | 122.15% | -164.36% | -191.09% | 166.35% |
| FCF per Share | 0.50 | 0.48 | 1.22 | -0.49 | 0.62 | 0.84 | 1.19 | 1.01 | 0.54 | 0.61 | 0.81 | 0.80 | -0.70 | 0.61 | 2.29 | 0.49 | 0.46 | -0.58 | -0.26 | 1.12 |
| FCF Conversion (FCF/Net Income) | -2.59x | -0.34x | 4.26x | 2.63x | 2.51x | -1.86x | 4.70x | -1.69x | 6.61x | -2.66x | 3.63x | 2.83x | -1.78x | -0.74x | 5.04x | -219.60x | 2.14x | -1.02x | -1.38x | 1.18x |
| 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 |