For the quarter ending 2025-12-31, CSWC had -$44,870K decrease in cash & cash equivalents over the period. -$93,649K in free cash flow.
| Cash Flow | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|
| Net increase in net assets from operations | 32,896 | 25,619 | 27,001 |
| Purchases and originations of investments | 286,970 | 142,845 | 94,866 |
| Proceeds from sales and repayments of debt investments in portfolio companies | 158,857 | 40,946 | 73,799 |
| Proceeds from sales and return of capital of equity investments in portfolio companies | 602 | 4,615 | 26,303 |
| Payment of accreted original issue discounts | 930 | 271 | 940 |
| Payment of accrued payment-in-kind interest | 0 | 0 | 510 |
| Depreciation and amortization | 1,775 | 1,752 | 1,684 |
| Net pension benefit | -17 | -16 | -17 |
| Realized (gain) loss on investments before income tax | -296 | -3,980 | 21,826 |
| Realized loss on extinguishment of debt | -2,154 | - | - |
| Realized loss on disposal of fixed assets | 0 | -2 | - |
| Net unrealized depreciation on investments before income tax | 658 | -379 | -24,180 |
| Accretion of discounts on investments | 2,568 | 2,054 | 2,711 |
| Payment-in-kind interest | 4,022 | 3,110 | 3,005 |
| Share-based compensation expense | 1,290 | 1,270 | 1,143 |
| Deferred income taxes | 165 | 1,942 | -3,860 |
| Increase in dividend and interest receivable | 3,768 | 2,794 | -160 |
| (increase) decrease in escrow receivables | 134 | -147 | 88 |
| Increase in tax receivable | 392 | -47 | 0 |
| Increase in other receivables | 1,698 | -1,021 | -102 |
| Increase in other assets | 758 | -271 | -333 |
| (decrease) increase in taxes payable | -789 | -4,306 | 4,615 |
| Increase in other liabilities | 9,175 | 1,639 | -3,904 |
| Net cash (used in) provided by operating activities | -93,634 | -71,224 | 30,493 |
| Acquisition of fixed assets | 15 | 81 | 141 |
| Net cash used in investing activities | -15 | -81 | -141 |
| Proceeds from common stock offering | 51,765 | 39,699 | 41,197 |
| Borrowings under credit facilities | 324,000 | 150,000 | 49,000 |
| Repayments of credit facilities | 87,000 | 385,000 | 80,000 |
| Debt issuance costs paid | 323 | 1,023 | 417 |
| Proceeds from issuance of sba debentures | 19,513 | - | - |
| Proceeds from issuance of september 2030 notes | 0 | 344,208 | - |
| Proceeds from issuance of 2029 convertible notes | 0 | - | - |
| Redemption of notes-January2026Notes | 0 | - | - |
| Redemption of notes-October2026Notes | 150,000 | - | - |
| Redemption of notes-August2028Notes | 71,875 | - | - |
| Dividends to shareholders | 37,300 | 36,039 | 35,344 |
| Common stock withheld for payroll taxes upon vesting of restricted stock | 1 | 0 | 1,120 |
| Net cash provided by financing activities | 48,779 | 111,845 | -26,684 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | -44,870 | 40,540 | 3,668 |
| Cash and cash equivalents at beginning of period | 89,079 | 44,871 | - |
| Cash and cash equivalents at end of period | 44,209 | 89,079 | - |
CAPITAL SOUTHWEST CORP (CSWC)
CAPITAL SOUTHWEST CORP (CSWC)