Ares Capital Corp 10-Q Filing
Ticker: ARCC · Form: 10-Q · Filed: Jul 30, 2024 · CIK: 1287750
| Field | Detail |
|---|---|
| Company | Ares Capital Corp (ARCC) |
| Form Type | 10-Q |
| Filed Date | Jul 30, 2024 |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
FAQ
What type of filing is this?
This is a 10-Q filing submitted by Ares Capital Corp (ticker: ARCC) to the SEC on Jul 30, 2024.
What are the key financial figures in this filing?
Key dollar amounts include: $0.001 (ich registered Common stock, par value $0.001 per share ARCC NASDAQ Global Select Mar).
How long is this filing?
Ares Capital Corp's 10-Q filing is 16 pages with approximately 4,745 words. Estimated reading time is 19 minutes.
Where can I view the full 10-Q filing?
The complete filing is available on SEC EDGAR. You can also read the AI-decoded analysis with risk assessment and key highlights on ReadTheFiling.
Filing Stats: 4,745 words · 19 min read · ~16 pages · Grade level 5.1 · Accepted 2024-07-29 21:10:13
Key Financial Figures
- $0.001 — ich registered Common stock, par value $0.001 per share ARCC NASDAQ Global Select Mar
Filing Documents
- arcc-20240630.htm (10-Q) — 20625KB
- arcc-indenturexexhibit41.htm (EX-4.1) — 721KB
- arcc-bnpfacility8thamendme.htm (EX-10.6) — 356KB
- arccq2-24exhibit311.htm (EX-31.1) — 16KB
- arccq2-24exhibit312.htm (EX-31.2) — 16KB
- arccq2-24exhibit321.htm (EX-32.1) — 9KB
- 0001287750-24-000039.txt ( ) — 71821KB
- arcc-20240630.xsd (EX-101.SCH) — 178KB
- arcc-20240630_cal.xml (EX-101.CAL) — 93KB
- arcc-20240630_def.xml (EX-101.DEF) — 1113KB
- arcc-20240630_lab.xml (EX-101.LAB) — 1390KB
- arcc-20240630_pre.xml (EX-101.PRE) — 1068KB
- arcc-20240630_htm.xml (XML) — 13879KB
Financial Information
Part I. Financial Information
Financial Statements
Item 1. Financial Statements Consolidated Balance Sheet as of June 3 0 , 2024 (unaudited) and December 31, 2023 3 Consolidated Statement of Operations for the three and six months ended June 30 , 2024 and 2023 (unaudited) 4 Consolidated Schedule of Investments as of June 30 , 2024 (unaudited) and December 31, 2023 5 Consolidated Statement of Stockholders' Equity for the three and six months ended June 30 , 2024 (unaudited) and the year ended December 31, 2023 139 Consolidated Statement of Cash Flows for the six months ended June 30 , 2024 and 2023 (unaudited) 140
Notes to Consolidated Financial Statements (unaudited)
Notes to Consolidated Financial Statements (unaudited) 141
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 184
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 218
Controls and Procedures
Item 4. Controls and Procedures 220
Other Information
Part II. Other Information
Legal Proceedings
Item 1. Legal Proceedings 220
Risk Factors
Item 1A. Risk Factors 221
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 221
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 221
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 221
Other Information
Item 5. Other Information 221
Exhibits
Item 6. Exhibits 223
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements ARES CAPITAL CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET (in millions, except per share data) As of June 30, 2024 December 31, 2023 (unaudited) ASSETS Investments at fair value Non-controlled/non-affiliate company investments $ 20,609 $ 18,283 Non-controlled affiliate company investments 590 424 Controlled affiliate company investments 3,774 4,167 Total investments at fair value (amortized cost of $ 24,707 and $ 22,668 , respectively) 24,973 22,874 Cash and cash equivalents 601 535 Restricted cash 80 29 Interest receivable 285 245 Receivable for open trades 46 16 Other assets 99 91 Operating lease right-of-use asset 8 10 Total assets $ 26,092 $ 23,800 LIABILITIES Debt $ 12,960 $ 11,884 Base management fee payable 91 84 Income based fee payable 93 90 Capital gains incentive fee payable 100 88 Interest and facility fees payable 153 132 Payable to participants 37 29 Payable for open trades 10 7 Accounts payable and other liabilities 237 234 Secured borrowings 33 34 Operating lease liabilities 14 17 Total liabilities 13,728 12,599 Commitments and contingencies (Note 7) STOCKHOLDERS' EQUITY Common stock, par value $ 0.001 per share, 1,000 common shares authorized; 630 and 582 common shares issued and outstanding, respectively 1 1 Capital in excess of par value 11,721 10,738 Accumulated undistributed earnings 642 462 Total stockholders' equity 12,364 11,201 Total liabilities and stockholders' equity $ 26,092 $ 23,800 NET ASSETS PER SHARE $ 19.61 $ 19.24 See accompanying notes to consolidated financial statements. 3 ARES CAPITAL CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENT OF OPERATIONS (in millions, except per share data) (unaudited) For the Three Months Ended June 30, For the Six Months Ended June 30, 2024 2023 2024 2023 INVESTMENT INCOME: From non-controlled/non-affiliate company investments: Interest income (excluding payment-in-kind ("PIK") interest income) $ 4