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10-Q Filing

GREAT ELM CAPITAL CORP. CIK: 1675033 Q3 2022
Filing Information
Form Type 10-Q
Accession Number 0000950170-22-021549
Period End Date 20220930
Filing Date 20221103
Fiscal Year 2022
Fiscal Period Q3
XBRL Instance gecc-20220930_htm.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 4 line items
Line Item Tag Value Unit Period
Investments at Fair Value InvestmentOwnedAtFairValue $412.14M USD Point-in-time
Investments at Fair Value InvestmentOwnedAtFairValue $286.69M USD Point-in-time
Percentage of Net Assets InvestmentOwnedPercentOfNetAssets 3.00 pure Point-in-time
Percentage of Net Assets InvestmentOwnedPercentOfNetAssets 5.53 pure Point-in-time
Income Statement 106 line items
Line Item Tag Value Unit Period
Total interest income InterestIncomeOperating $4.99M USD 1 Quarter
Total interest income InterestIncomeOperating $15.14M USD 3 Qtrs
Total interest income InterestIncomeOperating $12.77M USD 3 Qtrs
Total interest income InterestIncomeOperating $5.87M USD 1 Quarter
Total dividend income DividendIncomeOperating $915.00K USD 1 Quarter
Total dividend income DividendIncomeOperating $740.00K USD 1 Quarter
Total dividend income DividendIncomeOperating $2.81M USD 3 Qtrs
Total dividend income DividendIncomeOperating $3.40M USD 3 Qtrs
Total other income OtherInterestAndDividendIncome $949.00K USD 3 Qtrs
Total other income OtherInterestAndDividendIncome $303.00K USD 1 Quarter
Total other income OtherInterestAndDividendIncome $943.00K USD 3 Qtrs
Total other income OtherInterestAndDividendIncome $586.00K USD 1 Quarter
Total investment income InterestAndDividendIncomeOperating $18.90M USD 3 Qtrs
Total investment income InterestAndDividendIncomeOperating $6.03M USD 1 Quarter
Total investment income InterestAndDividendIncomeOperating $7.37M USD 1 Quarter
Total investment income InterestAndDividendIncomeOperating $17.10M USD 3 Qtrs
Management fees ManagementFeeExpense $876.00K USD 1 Quarter
Management fees ManagementFeeExpense $2.35M USD 3 Qtrs
Management fees ManagementFeeExpense $804.00K USD 1 Quarter
Management fees ManagementFeeExpense $2.30M USD 3 Qtrs
Incentive fees IncentiveFeeExpense $888.00K USD 3 Qtrs
Incentive fees IncentiveFeeExpense $382.00K USD 1 Quarter
Administration fees AdministrativeFeesExpense $704.00K USD 3 Qtrs
Administration fees AdministrativeFeesExpense $175.00K USD 1 Quarter
Administration fees AdministrativeFeesExpense $221.00K USD 1 Quarter
Administration fees AdministrativeFeesExpense $511.00K USD 3 Qtrs
Custody fees CustodyFees $13.00K USD 1 Quarter
Custody fees CustodyFees $13.00K USD 1 Quarter
Custody fees CustodyFees $39.00K USD 3 Qtrs
Custody fees CustodyFees $41.00K USD 3 Qtrs
Directors fees NoninterestExpenseDirectorsFees $61.00K USD 1 Quarter
Directors fees NoninterestExpenseDirectorsFees $156.00K USD 3 Qtrs
Directors fees NoninterestExpenseDirectorsFees $49.00K USD 1 Quarter
Directors fees NoninterestExpenseDirectorsFees $172.00K USD 3 Qtrs
Professional services ProfessionalFees $878.00K USD 1 Quarter
Professional services ProfessionalFees $1.61M USD 3 Qtrs
Professional services ProfessionalFees $1.67M USD 3 Qtrs
Professional services ProfessionalFees $937.00K USD 1 Quarter
Interest expense InterestExpenseDebt $2.67M USD 1 Quarter
Interest expense InterestExpenseDebt $7.64M USD 3 Qtrs
Interest expense InterestExpenseDebt $8.01M USD 3 Qtrs
Interest expense InterestExpenseDebt $3.15M USD 1 Quarter
Other expenses OtherExpenses $209.00K USD 1 Quarter
Other expenses OtherExpenses $698.00K USD 3 Qtrs
Other expenses OtherExpenses $561.00K USD 3 Qtrs
Other expenses OtherExpenses $313.00K USD 1 Quarter
Total expenses OperatingExpenses $13.72M USD 3 Qtrs
Total expenses OperatingExpenses $5.80M USD 1 Quarter
Total expenses OperatingExpenses $13.63M USD 3 Qtrs
Total expenses OperatingExpenses $4.95M USD 1 Quarter
Incentive fee waiver IncentivesFeeWaiver - USD 1 Quarter
Incentive fee waiver IncentivesFeeWaiver $4.85M USD 3 Qtrs
Incentive fee waiver IncentivesFeeWaiver - USD 1 Quarter
Incentive fee waiver IncentivesFeeWaiver - USD 3 Qtrs
Net expenses InvestmentCompanyExpenseAfterReductionOfFeeWaiverAndReimbursement $5.80M USD 1 Quarter
Net expenses InvestmentCompanyExpenseAfterReductionOfFeeWaiverAndReimbursement $13.72M USD 3 Qtrs
Net expenses InvestmentCompanyExpenseAfterReductionOfFeeWaiverAndReimbursement $8.78M USD 3 Qtrs
Net expenses InvestmentCompanyExpenseAfterReductionOfFeeWaiverAndReimbursement $4.95M USD 1 Quarter
Net investment income before taxes NetInvestmentIncome $8.33M USD 3 Qtrs
Net investment income before taxes NetInvestmentIncome $1.08M USD 1 Quarter
Net investment income before taxes NetInvestmentIncome $1.57M USD 1 Quarter
Net investment income before taxes NetInvestmentIncome $5.18M USD 3 Qtrs
Excise tax ExciseTax $123.00K USD 3 Qtrs
Excise tax ExciseTax - USD 1 Quarter
Excise tax ExciseTax - USD 3 Qtrs
Excise tax ExciseTax $22.00K USD 1 Quarter
Net investment income InvestmentIncomeNet $1.57M USD 1 Quarter
Net investment income InvestmentIncomeNet $5.18M USD 3 Qtrs
Net investment income InvestmentIncomeNet $1.06M USD 1 Quarter
Net investment income InvestmentIncomeNet $8.20M USD 3 Qtrs
Total net realized gain (loss) RealizedInvestmentGainsLosses $-3.98M USD 3 Qtrs
Total net realized gain (loss) RealizedInvestmentGainsLosses $1.17M USD 1 Quarter
Total net realized gain (loss) RealizedInvestmentGainsLosses $-128.51M USD 3 Qtrs
Total net realized gain (loss) RealizedInvestmentGainsLosses $1.66M USD 1 Quarter
Total net change in unrealized appreciation (depreciation) UnrealizedGainLossInvestmentAndDerivativeOperatingAfterTax $10.71M USD 3 Qtrs
Total net change in unrealized appreciation (depreciation) UnrealizedGainLossInvestmentAndDerivativeOperatingAfterTax $112.01M USD 3 Qtrs
Total net change in unrealized appreciation (depreciation) UnrealizedGainLossInvestmentAndDerivativeOperatingAfterTax $-6.36M USD 1 Quarter
Total net change in unrealized appreciation (depreciation) UnrealizedGainLossInvestmentAndDerivativeOperatingAfterTax $-902.00K USD 1 Quarter
Net realized and unrealized gains (losses) GainLossOnInvestments $6.72M USD 3 Qtrs
Net realized and unrealized gains (losses) GainLossOnInvestments $-4.70M USD 1 Quarter
Net realized and unrealized gains (losses) GainLossOnInvestments $-16.50M USD 3 Qtrs
Net realized and unrealized gains (losses) GainLossOnInvestments $269.00K USD 1 Quarter
Net increase (decrease) in net assets resulting from operations InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease $1.33M USD 1 Quarter
Net increase (decrease) in net assets resulting from operations InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease $11.90M USD 3 Qtrs
Net increase (decrease) in net assets resulting from operations InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease $-8.30M USD 3 Qtrs
Net increase (decrease) in net assets resulting from operations InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease $-3.13M USD 1 Quarter
Net investment income per share (basic and diluted): InvestmentCompanyInvestmentIncomeLossPerShare $1.42 USD 3 Qtrs
Net investment income per share (basic and diluted): InvestmentCompanyInvestmentIncomeLossPerShare $0.14 USD 1 Quarter
Net investment income per share (basic and diluted): InvestmentCompanyInvestmentIncomeLossPerShare $0.39 USD 1 Quarter
Net investment income per share (basic and diluted): InvestmentCompanyInvestmentIncomeLossPerShare $1.32 USD 3 Qtrs
Earnings per share, basic EarningsPerShareBasic $-1.43 USD 3 Qtrs
Earnings per share, basic EarningsPerShareBasic $-0.79 USD 1 Quarter
Earnings per share, basic EarningsPerShareBasic $3.02 USD 3 Qtrs
Earnings per share, basic EarningsPerShareBasic $0.18 USD 1 Quarter
Earnings per share,diluted EarningsPerShareDiluted $-0.79 USD 1 Quarter
Earnings per share,diluted EarningsPerShareDiluted $0.18 USD 1 Quarter
Earnings per share,diluted EarningsPerShareDiluted $-1.43 USD 3 Qtrs
Earnings per share,diluted EarningsPerShareDiluted $3.02 USD 3 Qtrs
Weighted average shares outstanding basic WeightedAverageNumberOfSharesOutstandingBasic 7.60M shares 1 Quarter
Weighted average shares outstanding basic WeightedAverageNumberOfSharesOutstandingBasic 5.80M shares 3 Qtrs
Weighted average shares outstanding basic WeightedAverageNumberOfSharesOutstandingBasic 3.99M shares 1 Quarter
Weighted average shares outstanding basic WeightedAverageNumberOfSharesOutstandingBasic 3.94M shares 3 Qtrs
Weighted average shares outstanding diluted WeightedAverageNumberOfDilutedSharesOutstanding 7.60M shares 1 Quarter
Weighted average shares outstanding diluted WeightedAverageNumberOfDilutedSharesOutstanding 3.94M shares 3 Qtrs
Weighted average shares outstanding diluted WeightedAverageNumberOfDilutedSharesOutstanding 3.99M shares 1 Quarter
Weighted average shares outstanding diluted WeightedAverageNumberOfDilutedSharesOutstanding 5.80M shares 3 Qtrs
Cash Flow Statement 85 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.50M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $9.13M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $20.61M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $52.58M USD Point-in-time
Net increase (decrease) in net assets resulting from operations ProfitLoss $11.90M USD 3 Qtrs
Restricted cash RestrictedCash $5.00K USD Point-in-time
Net increase (decrease) in net assets resulting from operations ProfitLoss $-8.30M USD 3 Qtrs
Restricted cash RestrictedCash $600.00K USD Point-in-time
Restricted cash RestrictedCash $13.00K USD Point-in-time
Total cash and cash equivalents and restricted cash shown on the Consolidated Statements of Cash Flows CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $53.18M USD Point-in-time
Total cash and cash equivalents and restricted cash shown on the Consolidated Statements of Cash Flows CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $9.14M USD Point-in-time
Total cash and cash equivalents and restricted cash shown on the Consolidated Statements of Cash Flows CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $20.61M USD Point-in-time
Total cash and cash equivalents and restricted cash shown on the Consolidated Statements of Cash Flows CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $1.50M USD Point-in-time
Purchases of investments PaymentsForPurchaseOfInvestmentOperatingActivity $164.79M USD 3 Qtrs
Purchases of investments PaymentsForPurchaseOfInvestmentOperatingActivity $109.35M USD 3 Qtrs
Net change in short-term investments NetChangeInShortTermInvestments $-19.77M USD 3 Qtrs
Net change in short-term investments NetChangeInShortTermInvestments $-4.00K USD 3 Qtrs
Capitalized payment-in-kind interest CapitalizedPaymentInKindInterest $3.76M USD 3 Qtrs
Capitalized payment-in-kind interest CapitalizedPaymentInKindInterest $934.00K USD 3 Qtrs
Proceeds from sales of investments ProceedsFromDispositionOfInvestmentOperatingActivity $50.13M USD 3 Qtrs
Proceeds from sales of investments ProceedsFromDispositionOfInvestmentOperatingActivity $46.07M USD 3 Qtrs
Proceeds from principal payments ProceedsFromPrincipalPayments $46.41M USD 3 Qtrs
Proceeds from principal payments ProceedsFromPrincipalPayments $43.55M USD 3 Qtrs
Net realized (gain) loss on investments RealizedInvestmentGainsLosses $-3.98M USD 3 Qtrs
Net realized (gain) loss on investments RealizedInvestmentGainsLosses $1.17M USD 1 Quarter
Net realized (gain) loss on investments RealizedInvestmentGainsLosses $-128.51M USD 3 Qtrs
Net realized (gain) loss on investments RealizedInvestmentGainsLosses $1.66M USD 1 Quarter
Net change in unrealized (appreciation) depreciation on investments UnrealizedGainLossInvestmentAndDerivativeOperatingAfterTax $10.71M USD 3 Qtrs
Net change in unrealized (appreciation) depreciation on investments UnrealizedGainLossInvestmentAndDerivativeOperatingAfterTax $112.01M USD 3 Qtrs
Net change in unrealized (appreciation) depreciation on investments UnrealizedGainLossInvestmentAndDerivativeOperatingAfterTax $-6.36M USD 1 Quarter
Net change in unrealized (appreciation) depreciation on investments UnrealizedGainLossInvestmentAndDerivativeOperatingAfterTax $-902.00K USD 1 Quarter
Amortization of premium and accretion of discount, net AccretionAmortizationOfDiscountsAndPremiumsInvestments $3.17M USD 3 Qtrs
Amortization of premium and accretion of discount, net AccretionAmortizationOfDiscountsAndPremiumsInvestments $1.00M USD 3 Qtrs
Amortization of discount (premium) on long term debt AmortizationOfDebtDiscountPremium $648.00K USD 1 Quarter
Amortization of discount (premium) on long term debt AmortizationOfDebtDiscountPremium $982.00K USD 3 Qtrs
Amortization of discount (premium) on long term debt AmortizationOfDebtDiscountPremium $328.00K USD 1 Quarter
Amortization of discount (premium) on long term debt AmortizationOfDebtDiscountPremium $1.16M USD 3 Qtrs
(Increase) decrease in interest receivable IncreaseDecreaseInAccruedInterestReceivableNet $1.99M USD 3 Qtrs
(Increase) decrease in interest receivable IncreaseDecreaseInAccruedInterestReceivableNet $1.24M USD 3 Qtrs
(Increase) decrease in dividends receivable IncreaseDecreaseInDividendsReceivable $-713.00K USD 3 Qtrs
(Increase) decrease in dividends receivable IncreaseDecreaseInDividendsReceivable $880.00K USD 3 Qtrs
(Increase) decrease in due from portfolio company IncreaseDecreaseInDueFromPortfolioCompany $-834.00K USD 3 Qtrs
(Increase) decrease in due from portfolio company IncreaseDecreaseInDueFromPortfolioCompany $-135.00K USD 3 Qtrs
(Increase) decrease in due from affiliates IncreaseDecreaseDueFromAffiliates $-17.00K USD 3 Qtrs
(Increase) decrease in due from affiliates IncreaseDecreaseDueFromAffiliates $11.00K USD 3 Qtrs
(Increase) decrease in prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-67.00K USD 3 Qtrs
(Increase) decrease in prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $96.00K USD 3 Qtrs
Increase (decrease) in due to affiliates IncreaseDecreaseInDueToAffiliates $1.15M USD 3 Qtrs
Increase (decrease) in due to affiliates IncreaseDecreaseInDueToAffiliates $-4.89M USD 3 Qtrs
Increase (decrease) in interest payable IncreaseDecreaseInInterestPayableNet $-272.00K USD 3 Qtrs
Increase (decrease) in interest payable IncreaseDecreaseInInterestPayableNet $29.00K USD 3 Qtrs
Increase (decrease) in accrued expenses and other liabilities IncreaseDecreaseInAccruedExpensesAndOtherLiabilities $-66.00K USD 3 Qtrs
Increase (decrease) in accrued expenses and other liabilities IncreaseDecreaseInAccruedExpensesAndOtherLiabilities $296.00K USD 3 Qtrs
Net cash provided by (used for) operating activities NetCashProvidedByUsedInOperatingActivities $-34.26M USD 3 Qtrs
Net cash provided by (used for) operating activities NetCashProvidedByUsedInOperatingActivities $-73.06M USD 3 Qtrs
Issuance of notes payable IssuanceOfNotesPayable $55.26M USD 3 Qtrs
Borrowings under credit facility BorrowingsUnderCreditFacility $10.00M USD 3 Qtrs
Repayment of notes payable RepaymentsOfNotesPayable $30.29M USD 3 Qtrs
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $37.51M USD Point-in-time
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $13.24M USD 3 Qtrs
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $37.51M USD 3 Qtrs
Payments of deferred financing costs PaymentsOfFinancingCosts $469.00K USD 3 Qtrs
Payments of deferred financing costs PaymentsOfFinancingCosts $1.29M USD 3 Qtrs
Distributions paid PaymentsOfDividends $9.60M USD 3 Qtrs
Distributions paid PaymentsOfDividends $7.24M USD 3 Qtrs
Net cash provided by (used for) financing activities NetCashProvidedByUsedInFinancingActivities $26.62M USD 3 Qtrs
Net cash provided by (used for) financing activities NetCashProvidedByUsedInFinancingActivities $40.49M USD 3 Qtrs
Net increase (decrease) in cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $-7.64M USD 3 Qtrs
Net increase (decrease) in cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $-32.57M USD 3 Qtrs
Cash and cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $53.18M USD Point-in-time
Cash and cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $9.14M USD Point-in-time
Cash and cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $20.61M USD Point-in-time
Cash and cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $1.50M USD Point-in-time
Cash and cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $53.18M USD Point-in-time
Cash and cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $9.14M USD Point-in-time
Cash and cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $20.61M USD Point-in-time
Cash and cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $1.50M USD Point-in-time
Common stock distributed CommonStockDistributed - USD 3 Qtrs
Common stock distributed CommonStockDistributed - USD 1 Quarter
Common stock distributed CommonStockDistributed $1.72M USD 3 Qtrs
Common stock distributed CommonStockDistributed - USD 1 Quarter
Common stock issued in-kind CommonStockIssuedInKind $2.60M USD 3 Qtrs
Cash paid for excise tax IncomeTaxesPaidNet $162.00K USD 3 Qtrs
Cash paid for interest InterestPaidNet $6.75M USD 3 Qtrs
Cash paid for interest InterestPaidNet $6.99M USD 3 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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