Company: FCRX
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000950170-25-023153
Chunk: 477

Company: Crescent Capital BDC, Inc.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1B
Chunk 477
---
’s Consolidated Statements of Assets and Liabilities due to temporary and permanent differences. Taxable income generally differs from net increase (decrease) in net assets resulting from operations due to temporary and permanent differences in the recognition of income and expenses, and generally excludes net unrealized gains or losses, as unrealized gains or losses are generally not included in taxable income until they are realized. The following table shows the components of accumulated losses on a tax basis for the years ended December 31, 2024, 2023, and 2022:  

        2024

        2023

        2022

        Undistributed net investment income
         
        $
        45,921

        $
        34,975

        $
        15,656

        Other temporary differences

        (423
        )

        (428
        )

        (437
        )

        Post October loss deferrals
         
        -

        -

        —

        Capital loss carryover

        (203,875
        )

        (196,476
        )

        (41,134
        )

        Unrealized appreciation (depreciation)

        (60,121
        )

        (61,409
        )

        (36,583
        )

        Components of tax distributable earnings at year end
         
        $
        (218,498
        )
         
        $
        (223,338
        )
         
        $
        (62,498
        )
       
      Note, taxable income is an estimate and is not fully determined until the Company’s tax return is filed.The Company makes certain adjustments to the classification of stockholders’ equity as a result of permanent book-to-tax differences, which include differences in the book and tax basis of certain assets and liabilities, and nondeductible federal taxes or losses among other items. To the extent these differences are permanent, they are charged or credited to additional paid in capital, undistributed net investment income or undistributed net realized gains on investments, as appropriate. The Company did not have any uncertain tax positions that met the recognition or measurement criteria of ASC 740-10-25, Income Taxes, nor did the Company have any unrecognized tax benefits as of the periods presented herein. Although the Company files federal and state tax returns, the Company’s major tax jurisdiction is federal. The Company’s inception-to-date federal tax returns remain subject to examination by the Internal Revenue Service. A portion of losses acquired from Alcentra Capital and First Eagle Alternative