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10-Q Filing

HERCULES CAPITAL, INC. CIK: 1280784 Q1 2023
Filing Information
Form Type 10-Q
Accession Number 0000950170-23-017892
Period End Date 20230331
Filing Date 20230504
Fiscal Year 2023
Fiscal Period Q1
XBRL Instance htgc-20230331_htm.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 line items
Line Item Tag Value Unit Period
Total investments, at fair value InvestmentOwnedAtFairValue $3.13B USD Point-in-time
Total investments, at fair value InvestmentOwnedAtFairValue $2.96B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $15.80M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $59.33M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $71.13M USD Point-in-time
Investment cost InvestmentOwnedAtCost $3.15B USD Point-in-time
Restricted cash (amounts related to a VIE $7,819 and $10,079, respectively) RestrictedCash $3.13M USD Point-in-time
Restricted cash (amounts related to a VIE $7,819 and $10,079, respectively) RestrictedCash $7.82M USD Point-in-time
Restricted cash (amounts related to a VIE $7,819 and $10,079, respectively) RestrictedCash $10.08M USD Point-in-time
Investment cost InvestmentOwnedAtCost $3.01B USD Point-in-time
Restricted cash (amounts related to a VIE $7,819 and $10,079, respectively) RestrictedCash $3.13M USD Point-in-time
Interest receivable InterestReceivable $31.68M USD Point-in-time
Restricted cash (amounts related to a VIE $7,819 and $10,079, respectively) RestrictedCash $7.82M USD Point-in-time
Restricted cash (amounts related to a VIE $7,819 and $10,079, respectively) RestrictedCash $10.08M USD Point-in-time
Interest receivable InterestReceivable $31.48M USD Point-in-time
Net of debt issuance costs OtherLongTermDebt $1.71B USD Point-in-time
Right of use asset OperatingLeaseRightOfUseAsset $4.35M USD Point-in-time
Right of use asset OperatingLeaseRightOfUseAsset $4.99M USD Point-in-time
Net of debt issuance costs OtherLongTermDebt $1.57B USD Point-in-time
Other assets OtherAssets $2.36M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Other assets OtherAssets $6.86M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common Stock, Shares Authorized CommonStockSharesAuthorized 200.00M shares Point-in-time
Total assets Assets $3.25B USD Point-in-time
Common Stock, Shares Authorized CommonStockSharesAuthorized 200.00M shares Point-in-time
Total assets Assets $3.03B USD Point-in-time
Debt (net of debt issuance costs - Note 5; amounts related to a VIE $148,104 and $147,957, respectively) OtherLongTermDebt $1.71B USD Point-in-time
Debt (net of debt issuance costs - Note 5; amounts related to a VIE $148,104 and $147,957, respectively) OtherLongTermDebt $1.57B USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $47.54M USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $33.37M USD Point-in-time
Operating lease liability OperatingLeaseLiability $4.97M USD Point-in-time
Operating lease liability OperatingLeaseLiability $5.51M USD Point-in-time
Total liabilities Liabilities $1.75B USD Point-in-time
Total liabilities Liabilities $1.63B USD Point-in-time
Common stock, par value CommonStockValue $139.00K USD Point-in-time
Common stock, par value CommonStockValue $134.00K USD Point-in-time
Capital in excess of par value AdditionalPaidInCapital $1.41B USD Point-in-time
Capital in excess of par value AdditionalPaidInCapital $1.34B USD Point-in-time
Investment Company, Distributable Earnings, Total InvestmentCompanyDistributableEarnings $59.91M USD Point-in-time
Investment Company, Distributable Earnings, Total InvestmentCompanyDistributableEarnings $89.70M USD Point-in-time
Total net assets AssetsNet $-1.40B USD Point-in-time
Total net assets AssetsNet $-1.50B USD Point-in-time
Total net assets AssetsNet $-1.33B USD Point-in-time
Total net assets AssetsNet $-1.31B USD Point-in-time
Total liabilities and net assets LiabilitiesAndStockholdersEquity $3.03B USD Point-in-time
Total liabilities and net assets LiabilitiesAndStockholdersEquity $3.25B USD Point-in-time
Shares of common stock outstanding ($0.001 par value and 200,000 authorized) CommonStockSharesOutstanding 138.60M shares Point-in-time
Shares of common stock outstanding ($0.001 par value and 200,000 authorized) CommonStockSharesOutstanding 133.04M shares Point-in-time
Net asset value per share NetAssetValuePerShare $10.82 USD Point-in-time
Net asset value per share NetAssetValuePerShare $11.22 USD Point-in-time
Net asset value per share NetAssetValuePerShare $10.53 USD Point-in-time
Net asset value per share NetAssetValuePerShare $10.82 USD Point-in-time
Income Statement 50 line items
Line Item Tag Value Unit Period
Total interest and dividend income InterestIncomeOperating $99.90M USD 1 Quarter
Total interest and dividend income InterestIncomeOperating $62.25M USD 1 Quarter
Fee Income FeeIncome $5.19M USD 1 Quarter
Fee Income FeeIncome $2.90M USD 1 Quarter
Gross Investment Income, Operating, Total GrossInvestmentIncomeOperating $65.16M USD 1 Quarter
Gross Investment Income, Operating, Total GrossInvestmentIncomeOperating $105.09M USD 1 Quarter
Interest expense, debt InterestExpenseDebt $16.62M USD 1 Quarter
Interest expense, debt InterestExpenseDebt $11.65M USD 1 Quarter
Loan fees DebtRelatedCommitmentFeesAndDebtIssuanceCosts $1.84M USD 1 Quarter
Loan fees DebtRelatedCommitmentFeesAndDebtIssuanceCosts $2.33M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $4.13M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $3.82M USD 1 Quarter
Investment Income, Operating, Tax Expense (Benefit) InvestmentIncomeOperatingTaxExpenseBenefit $712.00K USD 1 Quarter
Investment Income, Operating, Tax Expense (Benefit) InvestmentIncomeOperatingTaxExpenseBenefit $1.39M USD 1 Quarter
Total gross operating expenses OperatingExpenses $30.77M USD 1 Quarter
Total gross operating expenses OperatingExpenses $42.27M USD 1 Quarter
Expenses allocated to the Adviser Subsidiary ExpensesAllocatedToAdviserSubsidiary1 $2.68M USD 1 Quarter
Expenses allocated to the Adviser Subsidiary ExpensesAllocatedToAdviserSubsidiary1 $1.40M USD 1 Quarter
Compensation and benefits LaborAndRelatedExpense $8.33M USD 1 Quarter
Compensation and benefits LaborAndRelatedExpense $14.62M USD 1 Quarter
Employee benefits and share-based compensation EmployeeBenefitsAndShareBasedCompensation $3.19M USD 1 Quarter
Employee benefits and share-based compensation EmployeeBenefitsAndShareBasedCompensation $4.42M USD 1 Quarter
Employee compensation EmployeeCompensation $17.80M USD 1 Quarter
Employee compensation EmployeeCompensation $12.75M USD 1 Quarter
Total net operating expenses OperatingExpensesNet $39.59M USD 1 Quarter
Total net operating expenses OperatingExpensesNet $29.37M USD 1 Quarter
Net investment income NetInvestmentIncome $35.79M USD 1 Quarter
Net investment income NetInvestmentIncome $65.50M USD 1 Quarter
Loss on debt extinguishment of debt GainsLossesOnExtinguishmentOfDebt - USD 1 Quarter
Loss on debt extinguishment of debt GainsLossesOnExtinguishmentOfDebt $-3.69M USD 1 Quarter
Total net realized gain (loss) RealizedInvestmentGainsLosses $7.96M USD 1 Quarter
Total net realized gain (loss) RealizedInvestmentGainsLosses $-2.38M USD 1 Quarter
Total net change in unrealized appreciation (depreciation) UnrealizedGainLossOnInvestments $-36.74M USD 1 Quarter
Total net change in unrealized appreciation (depreciation) UnrealizedGainLossOnInvestments $21.11M USD 1 Quarter
Total net realized gain (loss) and net change in unrealized appreciation (depreciation) InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency $29.07M USD 1 Quarter
Total net realized gain (loss) and net change in unrealized appreciation (depreciation) InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency $-39.12M USD 1 Quarter
Net increase (decrease) in net assets resulting from operations InvestmentCompanyNetAssetsPeriodIncreaseDecrease $94.56M USD 1 Quarter
Net increase (decrease) in net assets resulting from operations InvestmentCompanyNetAssetsPeriodIncreaseDecrease $-3.34M USD 1 Quarter
Net investment income before investment gains and losses per common share: Basic InvestmentCompanyInvestmentIncomeLossPerShare $0.48 USD 1 Quarter
Net investment income before investment gains and losses per common share: Basic InvestmentCompanyInvestmentIncomeLossPerShare $0.30 USD 1 Quarter
Basic EarningsPerShareBasic $0.69 USD 1 Quarter
Basic EarningsPerShareBasic $-0.03 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.68 USD 1 Quarter
Diluted EarningsPerShareDiluted $-0.03 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 118.30M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 135.25M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 118.30M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 137.06M shares 1 Quarter
Basic InvestmentCompanyDistributionToShareholdersPerShare $1.97 USD Annual
Basic InvestmentCompanyDistributionToShareholdersPerShare $0.47 USD 1 Quarter
Cash Flow Statement 82 line items
Line Item Tag Value Unit Period
Restricted stock and option expense related to director compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition $40.00K USD 1 Quarter
Restricted stock and option expense related to director compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition $20.00K USD 1 Quarter
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $15.80M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $59.33M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $71.13M USD Point-in-time
Restricted cash RestrictedCash $3.13M USD Point-in-time
Restricted cash RestrictedCash $7.82M USD Point-in-time
Restricted cash RestrictedCash $10.08M USD Point-in-time
Total cash, cash equivalents, and restricted cash presented in the Consolidated Statements of Cash Flows CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $25.88M USD Point-in-time
Total cash, cash equivalents, and restricted cash presented in the Consolidated Statements of Cash Flows CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $78.95M USD Point-in-time
Total cash, cash equivalents, and restricted cash presented in the Consolidated Statements of Cash Flows CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $136.26M USD Point-in-time
Total cash, cash equivalents, and restricted cash presented in the Consolidated Statements of Cash Flows CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $62.46M USD Point-in-time
Net increase (decrease) in net assets resulting from operations NetIncomeLoss $94.56M USD 1 Quarter
Net increase (decrease) in net assets resulting from operations NetIncomeLoss $-3.34M USD 1 Quarter
Purchases of investments PaymentsForPurchaseOfInvestmentOperatingActivity $351.60M USD 1 Quarter
Purchases of investments PaymentsForPurchaseOfInvestmentOperatingActivity $476.16M USD 1 Quarter
Fundings assigned to Adviser Funds FundingAssignedToAdviserFunds $-61.08M USD 1 Quarter
Fundings assigned to Adviser Funds FundingAssignedToAdviserFunds $-120.85M USD 1 Quarter
Net change in unrealized (appreciation) depreciation UnrealizedGainLossInvestmentDerivativeAndForeignCurrencyTransactionPriceChangeOperatingBeforeTax $21.11M USD 1 Quarter
Net change in unrealized (appreciation) depreciation UnrealizedGainLossInvestmentDerivativeAndForeignCurrencyTransactionPriceChangeOperatingBeforeTax $-36.74M USD 1 Quarter
Net realized (gain) loss RealizedGainLossInvestmentAndDerivativeOperatingAfterTax $7.96M USD 1 Quarter
Net realized (gain) loss RealizedGainLossInvestmentAndDerivativeOperatingAfterTax $1.30M USD 1 Quarter
Accretion of paid-in-kind principal InterestIncomeOperatingPaidInKind $4.98M USD 1 Quarter
Accretion of paid-in-kind principal InterestIncomeOperatingPaidInKind $5.53M USD 1 Quarter
Change in loan income, net of collections ChangeInLoanIncomeNetOfCollection $3.54M USD 1 Quarter
Change in loan income, net of collections ChangeInLoanIncomeNetOfCollection $6.00M USD 1 Quarter
Unearned fees related to unfunded commitments UnearnedFeesRelatedToUnfundedCommitments $1.04M USD 1 Quarter
Unearned fees related to unfunded commitments UnearnedFeesRelatedToUnfundedCommitments $-110.00K USD 1 Quarter
Realized loss on extinguishment of debt NonCashRealizedLossExtinguishmentDebt - USD 1 Quarter
Realized loss on extinguishment of debt NonCashRealizedLossExtinguishmentDebt $-3.69M USD 1 Quarter
Amortization of debt fees and issuance costs AmortizationOfFinancingCostsAndDiscounts $1.72M USD 1 Quarter
Amortization of debt fees and issuance costs AmortizationOfFinancingCostsAndDiscounts $1.37M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $54.00K USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $44.00K USD 1 Quarter
Stock-based compensation and amortization of restricted stock grants (1) ShareBasedCompensation $2.85M USD 1 Quarter
Stock-based compensation and amortization of restricted stock grants (1) ShareBasedCompensation $3.12M USD 1 Quarter
Interest receivable IncreaseDecreaseInAccruedInterestReceivableNet $2.29M USD 1 Quarter
Interest receivable IncreaseDecreaseInAccruedInterestReceivableNet $-201.00K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $13.23M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $-3.56M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-21.07M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-14.68M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-80.87M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-188.62M USD 1 Quarter
Purchases of capital equipment PaymentsToAcquireProductiveAssets $94.00K USD 1 Quarter
Purchases of capital equipment PaymentsToAcquireProductiveAssets $50.00K USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-50.00K USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-94.00K USD 1 Quarter
Issuance of common stock ProceedsFromIssuanceOfCommonStock $86.18M USD 1 Quarter
Issuance of common stock ProceedsFromIssuanceOfCommonStock $66.17M USD 1 Quarter
Offering expenses PaymentsOfStockIssuanceCosts $935.00K USD 1 Quarter
Offering expenses PaymentsOfStockIssuanceCosts $830.00K USD 1 Quarter
Retirement of employee shares, net PaymentsForRepurchaseOfCommonStock $3.27M USD 1 Quarter
Retirement of employee shares, net PaymentsForRepurchaseOfCommonStock $1.38M USD 1 Quarter
Distributions paid PaymentsOfDividends $56.86M USD 1 Quarter
Distributions paid PaymentsOfDividends $63.83M USD 1 Quarter
Issuance of debt ProceedsFromIssuanceOfDebt $535.50M USD 1 Quarter
Issuance of debt ProceedsFromIssuanceOfDebt $225.00M USD 1 Quarter
Repayment of debt RepaymentsOfDebt $441.00M USD 1 Quarter
Repayment of debt RepaymentsOfDebt $86.00M USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts - USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts $4.14M USD 1 Quarter
Fees paid for credit facilities and debentures PaymentOfFeesForCreditFacilitiesAndDebentures $616.00K USD 1 Quarter
Fees paid for credit facilities and debentures PaymentOfFeesForCreditFacilitiesAndDebentures $5.09M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $114.86M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $134.04M USD 1 Quarter
Net increase (decrease) in cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $53.07M USD 1 Quarter
Net increase (decrease) in cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-73.81M USD 1 Quarter
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $25.88M USD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $78.95M USD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $136.26M USD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $62.46M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $25.88M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $78.95M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $136.26M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $62.46M USD Point-in-time
Interest paid InterestPaidNet $19.01M USD 1 Quarter
Interest paid InterestPaidNet $23.84M USD 1 Quarter
Income tax, including excise tax, paid IncomeTaxesPaidNet $4.76M USD 1 Quarter
Income tax, including excise tax, paid IncomeTaxesPaidNet $7.12M USD 1 Quarter
Distributions reinvested DistributionsReinvested $1.02M USD 1 Quarter
Distributions reinvested DistributionsReinvested $940.00K USD 1 Quarter

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

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