Company: FCRX
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000950170-25-023153
Chunk: 140

Company: Crescent Capital BDC, Inc.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1
Chunk 140
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 $
    82.5

    Net realized gain (loss) on investments and forward   contracts

    (3.7
    )

    (12.9
    )

    Net unrealized appreciation (depreciation) on investments,   forward contracts and foreign transactions

    (12.2
    )

    13.2

    Net realized and unrealized gains (losses)

    $
    (15.9
    )
     
    $
    0.3

    Benefit (provision) for taxes on realized and unrealized   appreciation (depreciation) on investments

    0.5

    1.0

    Net increase (decrease) in net assets resulting from   operations

    $
    73.6

    $
    83.8

Investment Income 

    (in $ millions)

    For the years ended December 31,

    2024

    2023

    Interest from investments

    $
    183.0

    $
    169.8

    Dividend income

    11.3

    13.3

    Other income

    3.1

    1.0

    Total investment income

    $
    197.4

    $
    184.1

Interest income, which includes amortization of upfront fees, increased from $169.8 million, for the year ended December 31, 2023, to $183.0 million for the year ended December 31, 2024, due to the growth of our income producing portfolio and increase in one-time non-recurring income. Included in interest from investments for the years ended December 31, 2024 and December 31, 2023 are $3.7 million and $1.8 million of accelerated accretion of OID related to paydown activity, respectively. 

Dividend income decreased from $13.3 million for the years ended December 31, 2023 to $11.3 million for the year ended December 31, 2024 due to lower dividend distributions from our portfolio companies.  For the years ended December 31, 2024 and December 31, 2023, we recorded $3.1 million and $1.0 million of other income, respectively. The increase is attributable to higher origination related fee income.

Expenses 

    (in $ millions)

    For the years ended