FS KKR Capital Corp FSK
FS KKR Capital Corp. (NYSE: FSK), or the Company, which may also be referred to as "we," "us" or "our," was incorporated under the general corporation laws of the State of Maryland on December 21, 2007 and formally commenced investment operations on January 2, 2009. We are an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a business development company, or BDC, under the Investment Company Act of 1940, as amended, or the 1940 Act. As such, we are required to comply with certain regulatory requirements. In addition, we have elected to be treated for U.S. federal income tax purposes, and intend to qualify annually, as a regulated investment company, or RIC, under Subchapter M of the Internal Revenue Code of 1986, as amended, or the Code. As of December 31, 2025, we had total assets of approximately $13.7 billion.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Interest expense | — | $465.0M | $467.0M | $365.0M | $231.0M | $170.0M | — | — |
| Net income | $11.0M | $585.0M | $696.0M | $92.0M | $1.51B | -$405.0M | — | — |
| EPS, basic | 0.04 | 2.09 | 2.48 | 0.32 | 7.16 | 7.16 | -3.26 | — |
| EPS, diluted | 0.04 | 2.09 | 2.48 | 0.32 | 7.16 | 7.16 | -3.26 | — |
| Shares, diluted (wtd. avg.) | $280.1M | $280.1M | $280.3M | $283.5M | $211.7M | $211.7M | $124.3M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $208.0M | $296.0M | $231.0M | $251.0M | $377.0M | $191.0M | $106.0M | — |
| Total assets | $13.73B | $14.22B | $15.47B | $16.12B | $17.23B | — | — | — |
| Long-term debt | $7.63B | $7.35B | $8.19B | $8.69B | $9.14B | — | — | — |
| Total liabilities | $7.88B | $7.60B | $8.62B | $9.11B | $9.50B | — | — | — |
| Retained earnings | -$3.35B | -$2.66B | -$2.59B | -$2.60B | -$1.93B | — | — | — |
| Total equity | $5.85B | $6.62B | $6.85B | $7.01B | $7.73B | $3.10B | $3.87B | $4.17B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $592.0M | $1.90B | $1.38B | $1.11B | -$639.0M | $675.0M | — | — |
| Financing cash flow | -$679.0M | -$1.84B | -$1.40B | -$1.23B | $825.0M | -$590.0M | — | — |
| Dividends paid | $784.0M | $1.01B | $823.0M | $738.0M | $502.0M | $340.0M | — | — |
| Buybacks | $0 | $0 | $32.0M | $56.0M | $12.0M | $47.0M | — | — |
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 0001628280-26-011734.