Golub Capital BDC Files Q3 2024 10-Q

TL;DR

GCBDC Q3 2024 10-Q is in! Check financials.

AI Summary

Golub Capital BDC, Inc. filed its 10-Q for the period ending December 31, 2024. The filing details the company's financial performance and position, including its investments and liabilities. Key financial metrics and operational highlights are presented for the reporting period.

Why It Matters

This filing provides investors with a detailed look at Golub Capital BDC's financial health and investment strategy during the third quarter of fiscal year 2024, impacting investment decisions.

Risk Assessment

Risk Level: medium — As a Business Development Company (BDC), Golub Capital BDC is subject to market risks, credit risks, and regulatory changes that can impact its investment portfolio and overall financial performance.

Key Numbers

• 20241231 — Period End Date (Indicates the end of the reporting fiscal quarter.)
• 20250204 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• Golub Capital BDC, Inc. (company) — Filer of the 10-Q
• 20241231 (date) — Period of report
• 20250204 (date) — Filing date
• 200 PARK AVENUE (location) — Business and mailing address

FAQ

Key Financial Figures

• $0.001 — ich registered Common Stock, par value $0.001 per share GBDC The Nasdaq Global Select

Filing Documents

• gbdc-20241231.htm (10-Q) — 21419KB
• gbdcfy2025q110-qexhibit311.htm (EX-31.1) — 8KB
• gbdcfy2025q110-qexhibit312.htm (EX-31.2) — 8KB
• gbdcfy2025q110-qexhibit321.htm (EX-32.1) — 8KB
• 0001476765-25-000016.txt ( ) — 69083KB
• gbdc-20241231.xsd (EX-101.SCH) — 90KB
• gbdc-20241231_cal.xml (EX-101.CAL) — 84KB
• gbdc-20241231_def.xml (EX-101.DEF) — 633KB
• gbdc-20241231_lab.xml (EX-101.LAB) — 842KB
• gbdc-20241231_pre.xml (EX-101.PRE) — 731KB
• gbdc-20241231_htm.xml (XML) — 19249KB

Financial Information

Part I. Financial Information

Financial Statements 3

Item 1. Financial Statements 3 Consolidated Statements of Financial Condition as of December 31, 2024 (unaudited) and September 30, 2024 3 Consolidated Statements of Operations for the three months ended December 31, 2024 (unaudited) and 2023 (unaudited) 4 Consolidated Statements of Changes in Net Assets for the three months ended December 31, 2024 (unaudited) and 2023 (unaudited) 5 Consolidated Statements of Cash Flows for the three months ended December 31, 2024 (unaudited) and 2023 (unaudited) 6 Consolidated Schedules of Investments as of December 31, 2024 (unaudited) and September 30, 2024 53

Notes to Consolidated Financial Statements (unaudited) 98

Notes to Consolidated Financial Statements (unaudited) 98

Management's Discussion and Analysis of Financial Condition and Results of Operations 142

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 142

Quantitative and Qualitative Disclosures about Market Risk 173

Item 3. Quantitative and Qualitative Disclosures about Market Risk 173

Controls and Procedures 175

Item 4. Controls and Procedures 175

Other Information

Part II. Other Information

Legal Proceedings 176

Item 1. Legal Proceedings 176

Risk Factors 176

Item 1A. Risk Factors 176

Unregistered Sales of Equity Securities and Use of Proceeds 176

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 176

Defaults Upon Senior Securities 176

Item 3. Defaults Upon Senior Securities 176

Mine Safety Disclosures 176

Item 4. Mine Safety Disclosures 176

Other Information 176

Item 5. Other Information 176

Exhibits 177

Item 6. Exhibits 177 2 TABLE OF CONTENTS Golub Capital BDC, Inc. and Subsidiaries Consolidated Statements of Financial Condition (In thousands, except share and per share data) December 31, 2024 September 30, 2024 (unaudited) Assets Investments, at fair value Non-controlled/non-affiliate company investments $ 8,424,975 $ 8,011,824 Non-controlled affiliate company investments 248,019 211,382 Controlled affiliate company investments 12,237 12,205 Total investments, at fair value (amortized cost of $ 8,755,566 and $ 8,302,913 , respectively) 8,685,231 8,235,411 Cash and cash equivalents 103,508 123,120 Foreign currencies (cost of $ 6,825 and $ 7,973 , respectively) 6,769 8,044 Restricted cash and cash equivalents 110,597 227,152 Restricted foreign currencies (cost of $ 0 and $ 1,219 , respectively) — 1,236 Interest receivable 73,296 74,036 Net unrealized appreciation on derivatives 12,486 29,490 Other assets 16,899 5,267 Total Assets $ 9,008,786 $ 8,703,756 Liabilities Debt $ 4,919,258 $ 4,624,791 Less unamortized debt issuance costs ( 28,694 ) ( 25,361 ) Debt less unamortized debt issuance costs 4,890,564 4,599,430 Net unrealized depreciation on derivatives 2,906 — Interest payable 51,518 45,701 Management and incentive fees payable 38,823 33,619 Accrued trustee fees 123 178 Accounts payable and other liabilities 7,308 10,299 Total Liabilities 4,991,242 4,689,227 Commitments and Contingencies (Note 8) Net Assets Preferred stock, par value $ 0.001 per share, 1,000,000 shares authorized, zero shares issued and outstanding as of December 31, 2024 and September 30, 2024 — — Common stock, par value $ 0.001 per share, 350,000,000 shares authorized, 265,498,597 and 264,277,128 shares issued and outstanding as of December 31, 2024 and September 30, 2024, respectively 265 264 Paid in capital in excess of par 4,185,811 4,167,258 Distributable earnings (losses) ( 168,532 ) ( 152,993 ) Total Net Assets 4,017,544 4,014,529 Tot

View Full Filing

View this 10-Q filing on SEC EDGAR