10-Q Filing

RUNWAY GROWTH FINANCE CORP. CIK: 1653384 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0000950170-23-019606`
Period End Date	20230331
Filing Date	20230509
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	rway-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 44 Cash Flow Statement 53

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
Investment cost	`InvestmentOwnedAtCost`	$1.19B	USD	Point-in-time
Investment cost	`InvestmentOwnedAtCost`	$1.15B	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total investments at fair value	`InvestmentOwnedAtFairValue`	$1.16B	USD	Point-in-time
Total investments at fair value	`InvestmentOwnedAtFairValue`	$1.13B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.76M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.27M	USD	Point-in-time
Accrued interest receivable	`AccruedInvestmentIncomeReceivable`	$9.21M	USD	Point-in-time
Accrued interest receivable	`AccruedInvestmentIncomeReceivable`	$8.77M	USD	Point-in-time
Other assets	`OtherAssets`	$930.00K	USD	Point-in-time
Other assets	`OtherAssets`	$654.00K	USD	Point-in-time
Total assets	`Assets`	$1.14B	USD	Point-in-time
Total assets	`Assets`	$1.17B	USD	Point-in-time
Credit facility	`LineOfCredit`	$372.00M	USD	Point-in-time
Credit facility	`LineOfCredit`	$337.00M	USD	Point-in-time
Unamortized deferred debt costs	`UnamortizedDebtIssuanceExpense`	$10.33M	USD	Point-in-time
Unamortized deferred debt costs	`UnamortizedDebtIssuanceExpense`	$10.29M	USD	Point-in-time
Total debt, less unamortized deferred debt costs	`LongTermDebt`	$548.96M	USD	Point-in-time
Total debt, less unamortized deferred debt costs	`LongTermDebt`	$583.92M	USD	Point-in-time
Incentive fees payable	`IncentiveFeePayable`	$8.81M	USD	Point-in-time
Incentive fees payable	`IncentiveFeePayable`	$9.57M	USD	Point-in-time
Interest payable	`InterestPayableCurrentAndNoncurrent`	$6.22M	USD	Point-in-time
Interest payable	`InterestPayableCurrentAndNoncurrent`	$8.34M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$1.73M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$1.81M	USD	Point-in-time
Total liabilities	`Liabilities`	$603.65M	USD	Point-in-time
Total liabilities	`Liabilities`	$565.71M	USD	Point-in-time
Commitments and contingencies (Note 3)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 3)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value	`CommonStockValue`	$414.00K	USD	Point-in-time
Common stock, par value	`CommonStockValue`	$414.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$605.77M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$605.77M	USD	Point-in-time
Distributable (losses)	`RetainedEarningsAccumulatedDeficit`	$-19.32M	USD	Point-in-time
Distributable (losses)	`RetainedEarningsAccumulatedDeficit`	$-25.57M	USD	Point-in-time
Treasury stock	`TreasuryStockCommonValue`	$10.82M	USD	Point-in-time
Treasury stock	`TreasuryStockCommonValue`	$10.82M	USD	Point-in-time
Total net assets	`StockholdersEquity`	$576.05M	USD	Point-in-time
Total net assets	`StockholdersEquity`	$569.81M	USD	Point-in-time
Total net assets	`StockholdersEquity`	$597.47M	USD	Point-in-time
Total net assets	`StockholdersEquity`	$606.20M	USD	Point-in-time
Shares of common stock outstanding ($0.01 par value, 100,000,000 shares authorized)	`CommonStockSharesOutstanding`	40.51M	shares	Point-in-time
Shares of common stock outstanding ($0.01 par value, 100,000,000 shares authorized)	`CommonStockSharesOutstanding`	40.51M	shares	Point-in-time
Net asset value per share	`NetAssetValuePerShare`	$14.45	USD	Point-in-time
Net asset value per share	`NetAssetValuePerShare`	$14.07	USD	Point-in-time
Net asset value per share	`NetAssetValuePerShare`	$14.65	USD	Point-in-time
Net asset value per share	`NetAssetValuePerShare`	$14.22	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Total investment income	`GrossInvestmentIncomeOperating`	$39.31M	USD	1 Quarter
Total investment income	`GrossInvestmentIncomeOperating`	$19.23M	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$3.96M	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$2.56M	USD	1 Quarter
Incentive fees	`IncentiveFeeExpense`	$4.56M	USD	1 Quarter
Incentive fees	`IncentiveFeeExpense`	$1.34M	USD	1 Quarter
Interest and other debt financing expenses	`InterestAndOtherDebtFinancingExpenses`	$10.92M	USD	1 Quarter
Interest and other debt financing expenses	`InterestAndOtherDebtFinancingExpenses`	$1.58M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$533.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$394.00K	USD	1 Quarter
Overhead allocation expense	`GeneralAndAdministrativeExpense`	$237.00K	USD	1 Quarter
Overhead allocation expense	`GeneralAndAdministrativeExpense`	$345.00K	USD	1 Quarter
Insurance expense	`GeneralInsuranceExpense`	$269.00K	USD	1 Quarter
Insurance expense	`GeneralInsuranceExpense`	$268.00K	USD	1 Quarter
Administrative fee	`AdministrativeFeesExpense`	$169.00K	USD	1 Quarter
Administrative fee	`AdministrativeFeesExpense`	$162.00K	USD	1 Quarter
Directors' fees	`NoninterestExpenseDirectorsFees`	$84.00K	USD	1 Quarter
Directors' fees	`NoninterestExpenseDirectorsFees`	$89.00K	USD	1 Quarter
Tax expense	`InvestmentIncomeOperatingTaxExpenseBenefit`	$50.00K	USD	1 Quarter
Tax expense	`InvestmentIncomeOperatingTaxExpenseBenefit`	-	USD	1 Quarter
Other expenses	`OtherExpenses`	$132.00K	USD	1 Quarter
Other expenses	`OtherExpenses`	$180.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$6.77M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$21.06M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$12.46M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$18.25M	USD	1 Quarter
Net realized and unrealized gain (loss) on investments	`RealizedInvestmentGainsLosses`	$-371.00K	USD	1 Quarter
Net realized and unrealized gain (loss) on investments	`RealizedInvestmentGainsLosses`	$-1.18M	USD	1 Quarter
Net change in unrealized appreciation (depreciation) on investments	`UnrealizedGainLossOnInvestments`	$-9.23M	USD	1 Quarter
Net change in unrealized appreciation (depreciation) on investments	`UnrealizedGainLossOnInvestments`	$-5.08M	USD	1 Quarter
Net realized and unrealized gain (loss) on investments	`GainLossOnInvestments`	$-9.61M	USD	1 Quarter
Net realized and unrealized gain (loss) on investments	`GainLossOnInvestments`	$-6.26M	USD	1 Quarter
Net increase in net assets resulting from operations	`NetIncomeLoss`	$2.85M	USD	1 Quarter
Net increase in net assets resulting from operations	`NetIncomeLoss`	$11.98M	USD	1 Quarter
Net investment income per common share, Basic	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
Net investment income per common share, Basic	`EarningsPerShareBasic`	$0.30	USD	1 Quarter
Net investment income per common share, Diluted	`EarningsPerShareDiluted`	$0.30	USD	1 Quarter
Net investment income per common share, Diluted	`EarningsPerShareDiluted`	$0.07	USD	1 Quarter
Net investment income per common share	`InvestmentCompanyInvestmentIncomeLossPerShare`	$0.30	USD	1 Quarter
Net investment income per common share	`InvestmentCompanyInvestmentIncomeLossPerShare`	$0.45	USD	1 Quarter
Weighted average shares outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	40.51M	shares	1 Quarter
Weighted average shares outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	41.38M	shares	1 Quarter
Weighted average shares outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.38M	shares	1 Quarter
Weighted average shares outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.51M	shares	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net increase in net assets resulting from operations	`ProfitLoss`	$2.85M	USD	1 Quarter
Net increase in net assets resulting from operations	`ProfitLoss`	$11.98M	USD	1 Quarter
Payment in-kind interest	`PaymentInKindPrincipalAdditions`	$3.75M	USD	1 Quarter
Payment in-kind interest	`PaymentInKindPrincipalAdditions`	$1.34M	USD	1 Quarter
Sales or repayments of investments	`ProceedsFromDispositionOfInvestmentOperatingActivity`	$14.20M	USD	1 Quarter
Sales or repayments of investments	`ProceedsFromDispositionOfInvestmentOperatingActivity`	$10.30M	USD	1 Quarter
Net realized (gain) loss on investments, including U.S. Treasury Bills	`GainLossOnSaleOfInvestments`	$-371.00K	USD	1 Quarter
Net realized (gain) loss on investments, including U.S. Treasury Bills	`GainLossOnSaleOfInvestments`	$-1.18M	USD	1 Quarter
Net change in unrealized (appreciation) depreciation on investments, including U.S. Treasury Bills	`UnrealizedGainLossOnInvestments`	$-9.23M	USD	1 Quarter
Net change in unrealized (appreciation) depreciation on investments, including U.S. Treasury Bills	`UnrealizedGainLossOnInvestments`	$-5.08M	USD	1 Quarter
Amortization of fixed income premiums or accretion of discounts	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$2.83M	USD	1 Quarter
Amortization of fixed income premiums or accretion of discounts	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$2.87M	USD	1 Quarter
Amortization of deferred debt costs	`AmortizationOfFinancingCosts`	$701.00K	USD	1 Quarter
Amortization of deferred debt costs	`AmortizationOfFinancingCosts`	$152.00K	USD	1 Quarter
(Increase) decrease in interest and fees receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$636.00K	USD	1 Quarter
(Increase) decrease in interest and fees receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$446.00K	USD	1 Quarter
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-472.00K	USD	1 Quarter
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-276.00K	USD	1 Quarter
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$3.19M	USD	1 Quarter
Increase (decrease) in incentive fees payable	`IncreaseDecreaseInIncentiveFeePayable`	$764.00K	USD	1 Quarter
Increase (decrease) in incentive fees payable	`IncreaseDecreaseInIncentiveFeePayable`	$-1.15M	USD	1 Quarter
Increase (decrease) in interest payable	`IncreaseDecreaseInAccruedInterestPayableNet`	$675.00K	USD	1 Quarter
Increase (decrease) in interest payable	`IncreaseDecreaseInAccruedInterestPayableNet`	$2.12M	USD	1 Quarter
Increase (decrease) in accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$82.00K	USD	1 Quarter
Increase (decrease) in accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-88.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-19.31M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-18.53M	USD	1 Quarter
Payments of deferred debt costs	`PaymentsOfFinancingCosts`	$735.00K	USD	1 Quarter
Payments of deferred debt costs	`PaymentsOfFinancingCosts`	$519.00K	USD	1 Quarter
Borrowings under credit facility	`ProceedsFromLinesOfCredit`	$86.00M	USD	1 Quarter
Borrowings under credit facility	`ProceedsFromLinesOfCredit`	$55.00M	USD	1 Quarter
Repayments under credit facility	`RepaymentsOfLinesOfCredit`	$20.00M	USD	1 Quarter
Repayments under credit facility	`RepaymentsOfLinesOfCredit`	$61.00M	USD	1 Quarter
Repayments of reverse repurchase agreements	`RepaymentsOfReverseRepurchaseAgreements`	$44.77M	USD	1 Quarter
Acquisition of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$409.00K	USD	1 Quarter
Dividends paid to stockholders	`PaymentsOfDividends`	$11.17M	USD	1 Quarter
Dividends paid to stockholders	`PaymentsOfDividends`	$18.23M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$16.04M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$18.12M	USD	1 Quarter
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.49M	USD	1 Quarter
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.19M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.70M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.51M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.76M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.27M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.70M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.51M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.76M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.27M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$199.00K	USD	1 Quarter
Interest paid	`InterestPaidNet`	$7.93M	USD	1 Quarter
Non-cash portfolio purchases	`NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1`	$725.00K	USD	1 Quarter
Non-cash portfolio purchases	`NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1`	-	USD	1 Quarter

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