Sixth Street Specialty Lending, Inc. (TSLX) 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 | -23.35B | 52.42M | 58.41M | 27.67M | 41.78M | 62.3M | 39.99M | 54.55M | 30.41M | 67.28M | 41.36M | 43.38M | 39.95M | 27.02M | 30.61M | 20.68M | -6.48M | 26.92M | 35.8M | 27.06M |
| Operating CF Margin % | -25.61% | 56.86% | 71.98% | 24.61% | 56.14% | 66.41% | 47.36% | 59.79% | 33.7% | 60.47% | 39.92% | 48.61% | 47.26% | 36.6% | 53.8% | 843.7% | -12.01% | 47.45% | 52.46% | 37.7% |
| Operating CF Growth % | -56001.57% | -15.85% | 46.05% | -49.26% | 37.36% | -7.41% | -3.31% | 25.73% | -23.88% | 148.96% | 35.1% | 109.79% | 716.19% | 0.39% | -14.48% | -23.59% | -128.38% | 45.07% | 15.72% | -13.96% |
| Net Income | 0 | 29.96M | 44.6M | 59M | 36.95M | 50.99M | 40.66M | 47.4M | 47.52M | 51.16M | 64.82M | 53.09M | 52.95M | 46.26M | 34.43M | -13.53M | 40.88M | 41.82M | 54.96M | 58.35M |
| Depreciation & Amortization | -4.64B | 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 | -18.72B | 10.45M | -5.73M | -19.6M | 11.17M | -4.72M | 3.05M | -6.02M | -4.73M | -5.24M | -23.48M | -10.56M | -15.56M | -1.81M | -2.24M | 47.61M | -11.45M | -9.51M | -25.55M | -34.85M |
| Working Capital Changes | 0 | 12.02M | 19.54M | -11.73M | -6.35M | 16.03M | -3.71M | 13.17M | -12.37M | 21.36M | 15K | 849K | 2.56M | -17.42M | -1.58M | -13.41M | -35.92M | -5.39M | 6.39M | 3.56M |
| Change in Receivables | 0 | -2.94M | -6.45M | 6.42M | -641K | 4.24M | -4.02M | 515K | -3.28M | -4.51M | -221K | 1.39M | -5.79M | 984K | -7.97M | -189K | -899K | -1.37M | 4.59M | -3.11M |
| 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 | -1.96M | -1.44M | 956K | -4.46M | 141K | -2.25M | -580K | -1.13M | -100K | 3.77M | 2.41M | 272K | 2.28M | 1.8M | -10.13M | -539K | 1.18M | 5.11M | 5.28M |
| Cash from Investing | -162.77B | 21.67M | -74.04M | 165.53M | 108.14M | -93.02M | -114.49M | 70.72M | -95.95M | -154.15M | -4.7M | -156.46M | -113.46M | 27.27M | -274.71M | -136.56M | 87.63M | -100.38M | 188.59M | -149.69M |
| 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 | 3.31T | 0 | 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 | 32.87B | -137.59M | 59.62M | -201.3M | -129.98M | 28.33M | 69.57M | -126.51M | 76.23M | 82.18M | -32.64M | 113.19M | 73.59M | -58.92M | 247.2M | 119.56M | -73.62M | 71.16M | -224.62M | 121.13M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | 1K | 0 | 11.85M | 81.46M | -1K | -85K | 89.29M | 0 | -3.17M | -3M | 0 | 0 | 0 | 0 | -41K |
| Dividends Paid | -39.02B | -41.95M | -42.54M | -42.64M | -43.2M | -40.64M | -42.51M | -42.22M | -43.34M | -40.61M | -39.44M | -37.85M | -38.52M | -29.58M | -54.27M | -28.38M | -32.51M | -59.02M | -26.84M | -109.47M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3.17M | -3M | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 71.89B | -238.92M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.17M | -10.17M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Change in Cash | 9.52B | -63.5M | 43.99M | -8.1M | 19.94M | -2.4M | -4.92M | -1.24M | 10.69M | -4.68M | 4.03M | 118K | 90K | -4.63M | 3.1M | 3.68M | 7.53M | -2.29M | -232K | -1.5M |
| Free Cash Flow | -23.35B | 52.42M | 58.41M | 27.67M | 41.78M | 62.3M | 39.99M | 54.55M | 30.41M | 67.28M | 41.36M | 43.38M | 39.95M | 27.02M | 30.61M | 20.68M | -6.48M | 26.92M | 35.8M | 27.06M |
| FCF Margin % | -25.61% | 56.86% | 71.98% | 24.61% | 56.14% | 66.41% | 47.36% | 59.79% | 33.7% | 60.47% | 39.92% | 48.61% | 47.26% | 36.6% | 53.8% | 843.7% | -12.01% | 47.45% | 52.46% | 37.7% |
| FCF Growth % | -56001.57% | -15.85% | 46.05% | -49.26% | 37.36% | -7.41% | -3.31% | 25.73% | -23.88% | 148.96% | 35.1% | 109.79% | 716.19% | 0.39% | -14.48% | -23.59% | -128.38% | 45.07% | 15.72% | -13.96% |
| FCF per Share | -246.59 | 0.55 | 0.62 | 0.29 | 0.45 | 0.67 | 0.43 | 0.59 | 0.34 | 0.77 | 0.47 | 0.52 | 0.49 | 0.33 | 0.39 | 0.25 | -0.08 | 0.33 | 0.44 | 0.34 |
| FCF Conversion (FCF/Net Income) | -0.57x | 1.75x | 1.31x | 0.47x | 1.13x | 1.22x | 0.98x | 1.15x | 0.64x | 1.32x | 0.64x | 0.82x | 0.75x | 0.58x | 0.89x | -1.53x | -0.16x | 0.64x | 0.65x | 0.46x |
| 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 |