Company: FCRX
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000950170-25-023153
Chunk: 342

Company: Crescent Capital BDC, Inc.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1B
Chunk 342
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 and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of investments owned as of December 31, 2024 and 2023, by correspondence with the syndication agents, underlying investees and others; when replies were not received from the syndication agents, underlying investees and others, we performed other auditing procedures. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ Ernst & Young LLP

We have served as the Company’s auditor since 2015.

Los Angeles, California

February 19, 2025

70

Crescent Capital BDC, Inc. 

Consolidated Statements of Assets and Liabilities 

(in thousands, except share and per share data) 

    As of December 31, 2024

    As of December 31, 2023

    Assets

    Investments, at fair value

    Non-controlled non-affiliated investments (cost of $1,511,386 and $1,469,251, respectively)
    $
    1,504,013

    $
    1,465,537

    Non-controlled affiliated investments (cost of $46,104 and $56,084, respectively)
     
    46,793

    52,619

    Controlled investments (cost of $66,416 and $67,353, respectively)
     
    48,051

    63,919

    Cash and cash equivalents
     
    10,130

    7,780

    Restricted cash and cash equivalents
     
    29,292

    16,690

    Interest and dividend receivable
     
    11,008

    14,000

    Receivable from unsettled transactions
     
    1,163

    251

    Unrealized appreciation on foreign currency forward contracts
     
    4,815

    5,128

    Deferred tax assets
     
    746

    114

    Other assets
     
    263

    1,341

    Total assets
    $
    1,656,274

    $
    1,627,379

    Liabilities

    Debt (net of