FS KKR Capital Corp. Q2 2024 Update

Ticker: FSK · Form: 10-Q · Filed: Aug 6, 2024 · CIK: 1422183

Fs Kkr Capital Corp 10-Q Filing Summary
FieldDetail
CompanyFs Kkr Capital Corp (FSK)
Form Type10-Q
Filed DateAug 6, 2024
Risk Levelmedium
Pages17
Reading Time20 min
Key Dollar Amounts$0.001
Sentimentneutral

Sentiment: neutral

Topics: 10-Q, financials, assets

TL;DR

**FS KKR Capital Corp. Q2 2024: Total assets $12.7B.**

AI Summary

FS KKR Capital Corp. reported its financial results for the quarter ended June 30, 2024. The company's total assets, which include investments in unaffiliated, affiliated non-controlled, and affiliated controlled issuers, stood at $12.7 billion as of June 30, 2024. This filing covers the period from January 1, 2024, to June 30, 2024.

Why It Matters

This 10-Q filing provides investors with a detailed look at FS KKR Capital Corp.'s financial health and investment portfolio as of the second quarter of 2024.

Risk Assessment

Risk Level: medium — As a business development company, FS KKR Capital Corp. is subject to market fluctuations and credit risks inherent in its investment portfolio.

Key Numbers

  • $12.7B — Total Assets (As of June 30, 2024, reflecting the company's investment portfolio.)
  • 2024-06-30 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial information is reported.)
  • 2024-01-01 — Reporting Period Start Date (Indicates the beginning of the fiscal quarter for which financial information is reported.)

Key Players & Entities

  • FS KKR Capital Corp. (company) — Filer of the 10-Q
  • 201 ROUSE BOULEVARD, PHILADELPHIA, PA 19112 (location) — Business and mailing address
  • $12.7 billion (dollar_amount) — Total assets as of June 30, 2024

FAQ

What were FS KKR Capital Corp.'s total assets as of June 30, 2024?

As of June 30, 2024, FS KKR Capital Corp.'s total assets were $12.7 billion.

What is the fiscal year end for FS KKR Capital Corp.?

The fiscal year end for FS KKR Capital Corp. is December 31.

What is the primary business address of FS KKR Capital Corp.?

The primary business address of FS KKR Capital Corp. is 201 ROUSE BOULEVARD, PHILADELPHIA, PA 19112.

What period does this 10-Q filing cover?

This 10-Q filing covers the period from January 1, 2024, to June 30, 2024.

What are the different categories of investments reported by FS KKR Capital Corp.?

FS KKR Capital Corp. reports investments in unaffiliated issuers, affiliated non-controlled issuers, and affiliated controlled issuers.

Filing Stats: 5,024 words · 20 min read · ~17 pages · Grade level 5.1 · Accepted 2024-08-06 16:31:12

Key Financial Figures

  • $0.001 — ich registered Common stock, par value $0.001 FSK New York Stock Exchange Indicate

Filing Documents

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS 1 Consolidated Balance Sheets as of June 30 , 2024 (Unaudited) and December 31, 2023 1 Unaudited Consolidated Statements of Operations for the three and six months ended June 30 , 2024 and 2023 2 Unaudited Consolidated Statements of Changes in Net Assets for the three an d six months ended June 30 , 2024 and 2023 3 Unaudited Consolidated Statements of Cash Flows for the six months ended June 30 , 2024 and 2023 4 Consolidated Schedules of Investments as of June 30 , 2024 (Unaudited) and December 31, 2023 5 Notes to Unaudited Consolidated Financial Statements 47

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 73

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 87

CONTROLS AND PROCEDURES

ITEM 4. CONTROLS AND PROCEDURES 89

—OTHER INFORMATION

PART II—OTHER INFORMATION

LEGAL PROCEEDINGS

ITEM 1. LEGAL PROCEEDINGS 90

RISK FACTORS

ITEM 1A. RISK FACTORS 90

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 90

DEFAULTS UPON SENIOR SECURITIES

ITEM 3. DEFAULTS UPON SENIOR SECURITIES 91

MINE SAFETY DISCLOSURES

ITEM 4. MINE SAFETY DISCLOSURES 91

OTHER INFORMATION

ITEM 5. OTHER INFORMATION 91

EXHIBITS

ITEM 6. EXHIBITS 92

SIGNATURES

SIGNATURES 93 Table of Contents

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements. FS KKR Capital Corp. Consolidated Balance Sheets (in millions, except share and per share amounts) June 30, 2024 December 31, 2023 (Unaudited) Assets Investments, at fair value Non-controlled/unaffiliated investments (amortized cost—$ 9,897 and $ 11,078 , respectively) $ 9,553 $ 10,568 Non-controlled/affiliated investments (amortized cost—$ 913 and $ 868 , respectively) 811 745 Controlled/affiliated investments (amortized cost—$ 3,910 and $ 3,474 , respectively) 3,723 3,336 Total investments, at fair value (amortized cost—$ 14,720 and $ 15,420 , respectively) $ 14,087 $ 14,649 Cash 408 223 Foreign currency, at fair value (cost—$ 25 and $ 8 , respectively) 25 8 Receivable for investments sold and repaid 225 246 Income receivable 317 290 Unrealized appreciation on foreign currency forward contracts — 13 Deferred financing costs 29 32 Prepaid expenses and other assets 10 8 Total assets $ 15,101 $ 15,469 Liabilities Payable for investments purchased $ 1 $ — Debt (net of deferred financing costs and discount of $ 45 and $ 36 , respectively) (1) 7,956 8,187 Unrealized depreciation on foreign currency forward contracts 4 4 Stockholder distributions payable 196 196 Management fees payable 54 56 Subordinated income incentive fees payable (2) 44 41 Administrative services expense payable 7 5 Interest payable 117 98 Other accrued expenses and liabilities 15 33 Total liabilities $ 8,394 $ 8,620 Commitments and contingencies (3) Stockholders' equity Preferred stock, $ 0.001 par value, 50,000,000 shares authorized, none issued and outstanding $ — $ — Common stock, $ 0.001 par value, 750,000,000 shares authorized, 280,066,433 and 280,066,433 shares issued and outstanding, respectively 0 0 Capital in excess of par value 9,437 9,437 Retained earnings (accumulated deficit) (4) ( 2,730 ) ( 2,588 ) Total stockholders' equity $ 6,707 $ 6,849 Total liabilities and stockholders' equity $ 15,101 $ 15,46

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