Blue Owl Capital Corp OBDC
Blue Owl Capital Corporation was formed on October 15, 2015, as a corporation under the laws of the State of Maryland. Our investment objective is to generate current income, and to a lesser extent, capital appreciation by targeting investment opportunities with favorable risk-adjusted returns. Our investment strategy focuses on primarily originating and making loans to, and making debt and equity investments in, U.S. middle-market companies. Within this space, we predominantly focus on investing in institutionally-backed, upper middle-market businesses, which we categorize as those generating greater than $50 million of EBITDA annually. We invest in senior secured or unsecured loans, subordinated loans or mezzanine loans, broadly syndicated loans and, to a lesser extent, equity and equity-related securities including warrants, preferred stock and similar forms of senior equity, which may or may not be convertible into a portfolio company's common equity. We may hold our investments directly or through special purpose vehicles.
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 | — | — | $436.3M | $307.5M | $219.1M | $152.9M | — | — | — | — |
| Net income | $627.4M | $595.0M | $793.3M | $466.4M | $624.9M | $387.7M | — | — | — | — |
| EPS, basic | 1.24 | 1.53 | 2.03 | 1.18 | 1.59 | 1.00 | — | — | — | — |
| EPS, diluted | 1.24 | 1.53 | 2.03 | 1.18 | 1.59 | 1.00 | — | — | — | — |
| Shares, diluted (wtd. avg.) | $506.1M | $390.1M | $390.1M | $394.0M | $392.3M | $388.6M | $324.6M | $146.4M | $67.1M | $21.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $568.5M | $514.2M | $659.7M | $445.1M | $447.1M | $357.9M | $317.2M | — | — | — |
| Total assets | $17.19B | $13.87B | $13.51B | $13.58B | $13.30B | — | — | — | — | — |
| Long-term debt | $9.30B | $7.46B | $7.08B | $7.28B | $7.08B | — | — | — | — | — |
| Total liabilities | $9.79B | $7.91B | $7.49B | $7.70B | $7.36B | — | — | — | — | — |
| Retained earnings | -$119.9M | $29.4M | $93.5M | -$92.2M | -$56.4M | — | — | — | — | — |
| Total equity | $7.40B | $5.95B | $6.02B | $5.88B | $5.94B | $5.75B | $5.98B | $3.26B | $1.47B | $680.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.74B | $160.2M | $1.14B | $217.3M | -$1.23B | -$1.56B | — | — | — | — |
| Financing cash flow | -$1.69B | -$305.7M | -$921.0M | -$219.3M | $1.32B | $1.60B | — | — | — | — |
| Dividends paid | $752.5M | $655.6M | $613.4M | $488.4M | $460.9M | $453.5M | — | — | — | — |
| Buybacks | $148.2M | $0 | $34.1M | $26.0M | $2.6M | $150.2M | — | — | — | — |
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 0001655888-26-000010.