Carlyle Secured Lending, Inc. CGBD
Carlyle Secured Lending, Inc., a Maryland corporation, is a specialty finance company that is a closed-end, externally managed, non-diversified management investment company. We have elected to be regulated as a BDC under the Investment Company Act of 1940, as amended (together with the rules and regulations promulgated thereunder, the "Investment Company Act" or the "1940 Act"). For U.S. federal income tax purposes, we have elected to be treated as a RIC under Subchapter M of the Code. We were formed in February 2012, commenced investment operations in May 2013 and began trading on the Nasdaq Global Select Market, under the symbol "CGBD," upon completion of our initial public offering in June 2017. Our principal executive offices are located at One Vanderbilt Avenue, Suite 3400, New York, New York 10017.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Interest expense | — | — | — | $44.0M | $30.8M | $39.6M | — | — | — | — |
| Net income | $70.0M | $89.0M | $92.3M | $85.6M | $160.4M | $6.8M | — | — | — | — |
| EPS, basic | 1.02 | 1.68 | 1.75 | 1.58 | 2.89 | 0.08 | — | — | — | — |
| EPS, diluted | 1.01 | 1.58 | 1.64 | 1.49 | 2.69 | 0.08 | — | — | — | — |
| Shares, diluted (wtd. avg.) | $69.0M | $56.5M | $56.3M | $52.1M | $54.2M | $56.4M | $60.2M | $62.5M | $53.0M | $36.2M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $76.5M | $56.6M | $60.4M | $30.5M | $93.1M | $68.4M | $36.8M | — | — | — |
| Total assets | $2.79B | $1.93B | $1.94B | $2.04B | $2.03B | — | — | — | — | — |
| Long-term debt | $1.53B | $960.9M | $980.2M | $1.08B | $1.04B | — | — | — | — | — |
| Total liabilities | $1.62B | $1.02B | $1.03B | $1.12B | $1.08B | — | — | — | — | — |
| Retained earnings | -$195.7M | -$158.0M | -$151.7M | -$153.7M | -$152.5M | — | — | — | — | — |
| Total equity | $1.17B | $905.2M | $912.8M | $917.4M | $948.8M | $901.4M | $956.5M | — | — | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$204.6M | $104.3M | $230.6M | $14.5M | $75.4M | $305.2M | — | — | — | — |
| Financing cash flow | $224.5M | -$108.1M | -$200.7M | -$77.1M | -$50.8M | -$273.5M | — | — | — | — |
| Dividends paid | $104.0M | $96.0M | $93.0M | $86.8M | $83.7M | $96.6M | — | — | — | — |
| Buybacks | $13.9M | $0 | $4.0M | $28.5M | $28.4M | $27.3M | — | — | — | — |
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 0001544206-26-000013.