Crescent Capital BDC, Inc. CCAP
We are a specialty finance company focused on lending to middle-market companies. We are incorporated under the laws of the State of Maryland. We were listed and began trading on the NASDAQ stock exchange on February 3, 2020. We have elected to be treated as a business development company ("BDC") under the Investment Company Act of 1940 ("1940 Act"). In addition, we have elected to be treated for U.S. federal income tax purposes as a regulated investment company (a "RIC") under Subchapter M of the Internal Revenue Code of 1986 (the "Code"). As such, we are required to comply with various regulatory requirements, such as the requirement to invest at least 70% of our assets in "qualifying assets," source of income limitations, asset diversification requirements, and the requirement to distribute annually at least 90% of our taxable income and tax-exempt interest.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Total operating expenses | $98.8M | $107.0M | $100.8M | $57.6M | $54.9M | $40.0M | — | — |
| Operating income | -$98.7M | -$106.8M | -$100.3M | -$56.8M | -$44.1M | -$26.7M | — | — |
| Pre-tax income | $68.6M | $90.6M | $83.8M | $59.9M | $49.9M | $50.4M | — | — |
| Income tax | $6.0K | $155.0K | $31.0K | $326.0K | $1.7M | $51.0K | — | — |
| Net income | $34.5M | $73.6M | $83.8M | $15.5M | $83.6M | $54.7M | — | — |
| EPS, basic | 1.81 | 2.40 | 2.30 | 1.93 | 1.67 | 1.80 | — | — |
| EPS, diluted | 1.81 | 2.40 | 2.30 | 1.93 | 1.67 | 1.80 | — | — |
| Shares, diluted (wtd. avg.) | $37.0M | $37.1M | $35.9M | $30.9M | $28.5M | $27.7M | $17.3M | $10.7M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $5.0M | $10.1M | $7.8M | $6.4M | $10.1M | $1.7M | — | — |
| Total assets | $1.62B | $1.66B | $1.63B | $1.30B | $1.32B | — | — | — |
| Long-term debt | $873.8M | $875.8M | $844.8M | $654.5M | $631.0M | — | — | — |
| Total liabilities | $916.1M | $915.6M | $884.8M | $690.3M | $665.5M | — | — | — |
| Retained earnings | -$251.0M | -$218.5M | -$223.3M | -$62.5M | -$13.9M | — | — | — |
| Total equity | $706.0M | $740.6M | $742.6M | $612.5M | $652.3M | $560.0M | $406.9M | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $74.7M | $58.9M | $92.3M | $28.0M | -$157.7M | -$61.8M | — | — |
| Financing cash flow | -$82.5M | -$43.5M | -$85.0M | -$34.4M | $166.3M | $63.2M | — | — |
| Dividends paid | $67.8M | $75.2M | $64.5M | $55.3M | $47.7M | $42.6M | — | — |
| Buybacks | $1.3M | — | — | — | — | $2.2M | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-071922.