10-Q Filing

RUNWAY GROWTH FINANCE CORP. CIK: 1653384 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0000950170-23-039764`
Period End Date	20230630
Filing Date	20230808
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	rway-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 82 Cash Flow Statement 58

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Investment cost	`InvestmentOwnedAtCost`	$1.15B	USD	Point-in-time
Investment cost	`InvestmentOwnedAtCost`	$1.12B	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`	$1.10B	USD	Point-in-time
Total investments at fair value	`InvestmentOwnedAtFairValue`	$1.13B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.74M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.76M	USD	Point-in-time
Accrued interest receivable	`AccruedInvestmentIncomeReceivable`	$8.77M	USD	Point-in-time
Accrued interest receivable	`AccruedInvestmentIncomeReceivable`	$8.11M	USD	Point-in-time
Other assets	`OtherAssets`	$470.00K	USD	Point-in-time
Other assets	`OtherAssets`	$930.00K	USD	Point-in-time
Total assets	`Assets`	$1.14B	USD	Point-in-time
Total assets	`Assets`	$1.14B	USD	Point-in-time
Credit facility	`LineOfCredit`	$337.00M	USD	Point-in-time
Credit facility	`LineOfCredit`	$310.00M	USD	Point-in-time
Unamortized deferred debt costs	`UnamortizedDebtIssuanceExpense`	$10.29M	USD	Point-in-time
Unamortized deferred debt costs	`UnamortizedDebtIssuanceExpense`	$9.98M	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`	$547.27M	USD	Point-in-time
Incentive fees payable	`IncentiveFeePayable`	$10.82M	USD	Point-in-time
Incentive fees payable	`IncentiveFeePayable`	$8.81M	USD	Point-in-time
Interest payable	`InterestPayableCurrentAndNoncurrent`	$6.22M	USD	Point-in-time
Interest payable	`InterestPayableCurrentAndNoncurrent`	$8.29M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$1.36M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$1.73M	USD	Point-in-time
Total liabilities	`Liabilities`	$567.74M	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 earnings (losses)	`RetainedEarningsAccumulatedDeficit`	$-19.32M	USD	Point-in-time
Distributable earnings (losses)	`RetainedEarningsAccumulatedDeficit`	$-21.47M	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`	$573.90M	USD	Point-in-time
Total net assets	`StockholdersEquity`	$576.05M	USD	Point-in-time
Total net assets	`StockholdersEquity`	$597.47M	USD	Point-in-time
Total net assets	`StockholdersEquity`	$569.81M	USD	Point-in-time
Total net assets	`StockholdersEquity`	$606.20M	USD	Point-in-time
Total net assets	`StockholdersEquity`	$579.41M	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`	$14.22	USD	Point-in-time
Net asset value per share	`NetAssetValuePerShare`	$14.14	USD	Point-in-time
Net asset value per share	`NetAssetValuePerShare`	$14.65	USD	Point-in-time
Net asset value per share	`NetAssetValuePerShare`	$14.17	USD	Point-in-time

Income Statement 82 line items

Line Item	Tag	Value	Unit	Period
Other Income	`OtherIncome`	$125.00K	USD	1 Quarter
Other Income	`OtherIncome`	$125.00K	USD	2 Qtrs
Total investment income	`GrossInvestmentIncomeOperating`	$81.20M	USD	2 Qtrs
Total investment income	`GrossInvestmentIncomeOperating`	$41.90M	USD	1 Quarter
Total investment income	`GrossInvestmentIncomeOperating`	$44.26M	USD	2 Qtrs
Total investment income	`GrossInvestmentIncomeOperating`	$25.02M	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$2.86M	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$8.30M	USD	2 Qtrs
Management fees	`ManagementFeeExpense`	$4.34M	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$5.42M	USD	2 Qtrs
Incentive fees	`IncentiveFeeExpense`	$4.92M	USD	1 Quarter
Incentive fees	`IncentiveFeeExpense`	$4.96M	USD	2 Qtrs
Incentive fees	`IncentiveFeeExpense`	$9.48M	USD	2 Qtrs
Incentive fees	`IncentiveFeeExpense`	$3.62M	USD	1 Quarter
Interest and other debt financing expenses	`InterestAndOtherDebtFinancingExpenses`	$22.33M	USD	2 Qtrs
Interest and other debt financing expenses	`InterestAndOtherDebtFinancingExpenses`	$3.92M	USD	2 Qtrs
Interest and other debt financing expenses	`InterestAndOtherDebtFinancingExpenses`	$11.41M	USD	1 Quarter
Interest and other debt financing expenses	`InterestAndOtherDebtFinancingExpenses`	$2.34M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$1.01M	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$475.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$813.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$1.20M	USD	2 Qtrs
Insurance expense	`GeneralInsuranceExpense`	$269.00K	USD	1 Quarter
Insurance expense	`GeneralInsuranceExpense`	$538.00K	USD	2 Qtrs
Insurance expense	`GeneralInsuranceExpense`	$268.00K	USD	1 Quarter
Insurance expense	`GeneralInsuranceExpense`	$536.00K	USD	2 Qtrs
Administration agreement expenses	`AdministrativeFeesExpense`	$426.00K	USD	1 Quarter
Administration agreement expenses	`AdministrativeFeesExpense`	$615.00K	USD	1 Quarter
Administration agreement expenses	`AdministrativeFeesExpense`	$872.00K	USD	2 Qtrs
Administration agreement expenses	`AdministrativeFeesExpense`	$1.20M	USD	2 Qtrs
Tax expense	`InvestmentIncomeOperatingTaxExpenseBenefit`	$1.00K	USD	1 Quarter
Tax expense	`InvestmentIncomeOperatingTaxExpenseBenefit`	$50.00K	USD	2 Qtrs
Tax expense	`InvestmentIncomeOperatingTaxExpenseBenefit`	-	USD	1 Quarter
Tax expense	`InvestmentIncomeOperatingTaxExpenseBenefit`	$1.00K	USD	2 Qtrs
Other expenses	`OtherExpenses`	$194.00K	USD	1 Quarter
Other expenses	`OtherExpenses`	$382.00K	USD	2 Qtrs
Other expenses	`OtherExpenses`	$218.00K	USD	1 Quarter
Other expenses	`OtherExpenses`	$411.00K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$17.32M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$43.28M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$22.22M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$10.55M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$37.92M	USD	2 Qtrs
Net investment income	`NetInvestmentIncome`	$26.94M	USD	2 Qtrs
Net investment income	`NetInvestmentIncome`	$19.68M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$14.48M	USD	1 Quarter
Net realize gain (loss) on investments	`RealizedInvestmentGainsLosses`	$903.00K	USD	1 Quarter
Net realize gain (loss) on investments	`RealizedInvestmentGainsLosses`	$532.00K	USD	2 Qtrs
Net realize gain (loss) on investments	`RealizedInvestmentGainsLosses`	-	USD	1 Quarter
Net realize gain (loss) on investments	`RealizedInvestmentGainsLosses`	$-1.18M	USD	2 Qtrs
Net change in unrealized gain (loss) on investments	`UnrealizedGainLossOnInvestments`	$2.64M	USD	1 Quarter
Net change in unrealized gain (loss) on investments	`UnrealizedGainLossOnInvestments`	$-25.43M	USD	2 Qtrs
Net change in unrealized gain (loss) on investments	`UnrealizedGainLossOnInvestments`	$-16.20M	USD	1 Quarter
Net change in unrealized gain (loss) on investments	`UnrealizedGainLossOnInvestments`	$-2.44M	USD	2 Qtrs
Net realized and unrealized gain (loss) on investments	`GainLossOnInvestments`	$-3.62M	USD	2 Qtrs
Net realized and unrealized gain (loss) on investments	`GainLossOnInvestments`	$2.64M	USD	1 Quarter
Net realized and unrealized gain (loss) on investments	`GainLossOnInvestments`	$-15.30M	USD	1 Quarter
Net realized and unrealized gain (loss) on investments	`GainLossOnInvestments`	$-24.90M	USD	2 Qtrs
Net increase (decrease) in net assets resulting from operations	`NetIncomeLoss`	$22.32M	USD	1 Quarter
Net increase (decrease) in net assets resulting from operations	`NetIncomeLoss`	$-817.00K	USD	1 Quarter
Net increase (decrease) in net assets resulting from operations	`NetIncomeLoss`	$34.30M	USD	2 Qtrs
Net increase (decrease) in net assets resulting from operations	`NetIncomeLoss`	$2.04M	USD	2 Qtrs
Net investment income per common share (basic and diluted)	`InvestmentCompanyInvestmentIncomeLossPerShare`	$0.65	USD	2 Qtrs
Net investment income per common share (basic and diluted)	`InvestmentCompanyInvestmentIncomeLossPerShare`	$0.94	USD	2 Qtrs
Net investment income per common share (basic and diluted)	`InvestmentCompanyInvestmentIncomeLossPerShare`	$0.35	USD	1 Quarter
Net investment income per common share (basic and diluted)	`InvestmentCompanyInvestmentIncomeLossPerShare`	$0.49	USD	1 Quarter
Net increase (decrease) in net assets resulting from operations per common share (basic)	`EarningsPerShareBasic`	$0.85	USD	2 Qtrs
Net increase (decrease) in net assets resulting from operations per common share (basic)	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
Net increase (decrease) in net assets resulting from operations per common share (basic)	`EarningsPerShareBasic`	$0.05	USD	2 Qtrs
Net increase (decrease) in net assets resulting from operations per common share (basic)	`EarningsPerShareBasic`	$0.55	USD	1 Quarter
Net increase (decrease) in net assets resulting from operations per common share (diluted)	`EarningsPerShareDiluted`	$-0.02	USD	1 Quarter
Net increase (decrease) in net assets resulting from operations per common share (diluted)	`EarningsPerShareDiluted`	$0.55	USD	1 Quarter
Net increase (decrease) in net assets resulting from operations per common share (diluted)	`EarningsPerShareDiluted`	$0.85	USD	2 Qtrs
Net increase (decrease) in net assets resulting from operations per common share (diluted)	`EarningsPerShareDiluted`	$0.05	USD	2 Qtrs
Weighted average shares outstanding (basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	40.51M	shares	2 Qtrs
Weighted average shares outstanding (basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	40.51M	shares	1 Quarter
Weighted average shares outstanding (basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	41.22M	shares	1 Quarter
Weighted average shares outstanding (basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	41.29M	shares	2 Qtrs
Weighted average shares outstanding (diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.29M	shares	2 Qtrs
Weighted average shares outstanding (diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.51M	shares	2 Qtrs
Weighted average shares outstanding (diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.22M	shares	1 Quarter
Weighted average shares outstanding (diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.51M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net increase in net assets resulting from operations	`ProfitLoss`	$34.30M	USD	2 Qtrs
Net increase in net assets resulting from operations	`ProfitLoss`	$2.04M	USD	2 Qtrs
Payment in-kind interest	`PaymentInKindPrincipalAdditions`	$5.13M	USD	2 Qtrs
Payment in-kind interest	`PaymentInKindPrincipalAdditions`	$9.78M	USD	2 Qtrs
Sales or repayments of investments	`ProceedsFromDispositionOfInvestmentOperatingActivity`	$105.67M	USD	2 Qtrs
Sales or repayments of investments	`ProceedsFromDispositionOfInvestmentOperatingActivity`	$94.06M	USD	2 Qtrs
Net realized (gain) loss on investments	`GainLossOnSaleOfInvestments`	$532.00K	USD	2 Qtrs
Net realized (gain) loss on investments	`GainLossOnSaleOfInvestments`	$-1.18M	USD	2 Qtrs
Net change in unrealized (gain) loss on investments	`UnrealizedGainLossOnInvestments`	$2.64M	USD	1 Quarter
Net change in unrealized (gain) loss on investments	`UnrealizedGainLossOnInvestments`	$-25.43M	USD	2 Qtrs
Net change in unrealized (gain) loss on investments	`UnrealizedGainLossOnInvestments`	$-16.20M	USD	1 Quarter
Net change in unrealized (gain) loss on investments	`UnrealizedGainLossOnInvestments`	$-2.44M	USD	2 Qtrs
Amortization of fixed income premiums or accretion of discounts	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$3.57M	USD	2 Qtrs
Amortization of fixed income premiums or accretion of discounts	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$5.00M	USD	2 Qtrs
Amortization of deferred debt costs	`AmortizationOfFinancingCosts`	$394.00K	USD	2 Qtrs
Amortization of deferred debt costs	`AmortizationOfFinancingCosts`	$242.00K	USD	1 Quarter
Amortization of deferred debt costs	`AmortizationOfFinancingCosts`	$769.00K	USD	1 Quarter
Amortization of deferred debt costs	`AmortizationOfFinancingCosts`	$1.47M	USD	2 Qtrs
(Increase) decrease in interest and fees receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$515.00K	USD	2 Qtrs
(Increase) decrease in interest and fees receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-656.00K	USD	2 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-748.00K	USD	2 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-460.00K	USD	2 Qtrs
Increase (decrease) in incentive fees payable	`IncreaseDecreaseInIncentiveFeePayable`	$2.01M	USD	2 Qtrs
Increase (decrease) in incentive fees payable	`IncreaseDecreaseInIncentiveFeePayable`	$1.41M	USD	2 Qtrs
Increase (decrease) in interest payable	`IncreaseDecreaseInAccruedInterestPayableNet`	$1.23M	USD	2 Qtrs
Increase (decrease) in interest payable	`IncreaseDecreaseInAccruedInterestPayableNet`	$2.07M	USD	2 Qtrs
Increase (decrease) in accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-99.00K	USD	2 Qtrs
Increase (decrease) in accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-366.00K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-73.02M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$71.59M	USD	2 Qtrs
Payments of deferred debt costs	`PaymentsOfFinancingCosts`	$3.28M	USD	2 Qtrs
Payments of deferred debt costs	`PaymentsOfFinancingCosts`	$1.15M	USD	2 Qtrs
Borrowings under credit facility	`ProceedsFromLinesOfCredit`	$73.00M	USD	2 Qtrs
Borrowings under credit facility	`ProceedsFromLinesOfCredit`	$173.00M	USD	2 Qtrs
Repayments under credit facility	`RepaymentsOfLinesOfCredit`	$100.00M	USD	2 Qtrs
Repayments under credit facility	`RepaymentsOfLinesOfCredit`	$71.00M	USD	2 Qtrs
Repayments of reverse repurchase agreements	`RepaymentsOfReverseRepurchaseAgreements`	$44.77M	USD	2 Qtrs
Acquisition of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$5.28M	USD	2 Qtrs
Dividends paid to stockholders	`PaymentsOfDividends`	$23.55M	USD	2 Qtrs
Dividends paid to stockholders	`PaymentsOfDividends`	$36.46M	USD	2 Qtrs
Refunds (payments) of offering costs	`PaymentsOfStockIssuanceCosts`	$16.00K	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$75.13M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-39.61M	USD	2 Qtrs
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.11M	USD	2 Qtrs
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$31.98M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.70M	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`	$6.81M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$37.74M	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`	$5.76M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.81M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$37.74M	USD	Point-in-time
Taxes paid	`IncomeTaxesPaidNet`	$1.00K	USD	2 Qtrs
Interest paid	`InterestPaidNet`	$18.37M	USD	2 Qtrs
Interest paid	`InterestPaidNet`	$1.70M	USD	2 Qtrs
Non-cash portfolio purchases	`NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1`	$304.00K	USD	2 Qtrs
Non-cash portfolio purchases	`NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1`	$1.74M	USD	2 Qtrs

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