10-Q Filing

RUNWAY GROWTH FINANCE CORP. CIK: 1653384 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0000950170-23-060207`
Period End Date	20230930
Filing Date	20231107
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	rway-20230930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 84 Cash Flow Statement 59

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Investment cost	`InvestmentOwnedAtCost`	$1.04B	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`	$1.01B	USD	Point-in-time
Total investments at fair value	`InvestmentOwnedAtFairValue`	$1.13B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.95M	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`	$8.15M	USD	Point-in-time
Other assets	`OtherAssets`	$930.00K	USD	Point-in-time
Other assets	`OtherAssets`	$167.00K	USD	Point-in-time
Total assets	`Assets`	$1.03B	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`	$203.00M	USD	Point-in-time
Unamortized deferred debt costs	`UnamortizedDebtIssuanceExpense`	$9.27M	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`	$440.99M	USD	Point-in-time
Incentive fees payable	`IncentiveFeePayable`	$8.81M	USD	Point-in-time
Incentive fees payable	`IncentiveFeePayable`	$12.78M	USD	Point-in-time
Interest payable	`InterestPayableCurrentAndNoncurrent`	$6.22M	USD	Point-in-time
Interest payable	`InterestPayableCurrentAndNoncurrent`	$8.03M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$1.73M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$1.91M	USD	Point-in-time
Total liabilities	`Liabilities`	$565.71M	USD	Point-in-time
Total liabilities	`Liabilities`	$463.70M	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`	$-24.88M	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`	$573.66M	USD	Point-in-time
Total net assets	`StockholdersEquity`	$573.90M	USD	Point-in-time
Total net assets	`StockholdersEquity`	$606.20M	USD	Point-in-time
Total net assets	`StockholdersEquity`	$579.41M	USD	Point-in-time
Total net assets	`StockholdersEquity`	$576.05M	USD	Point-in-time
Total net assets	`StockholdersEquity`	$570.49M	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`	$14.08	USD	Point-in-time
Net asset value per share	`NetAssetValuePerShare`	$14.22	USD	Point-in-time
Net asset value per share	`NetAssetValuePerShare`	$14.12	USD	Point-in-time
Net asset value per share	`NetAssetValuePerShare`	$14.65	USD	Point-in-time

Income Statement 84 line items

Line Item	Tag	Value	Unit	Period
Other Income	`OtherIncome`	$1.00K	USD	1 Quarter
Other Income	`OtherIncome`	$227.00K	USD	1 Quarter
Other Income	`OtherIncome`	$1.00K	USD	3 Qtrs
Other Income	`OtherIncome`	$352.00K	USD	3 Qtrs
Total investment income	`GrossInvestmentIncomeOperating`	$124.98M	USD	3 Qtrs
Total investment income	`GrossInvestmentIncomeOperating`	$27.04M	USD	1 Quarter
Total investment income	`GrossInvestmentIncomeOperating`	$43.78M	USD	1 Quarter
Total investment income	`GrossInvestmentIncomeOperating`	$71.29M	USD	3 Qtrs
Management fees	`ManagementFeeExpense`	$4.30M	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$8.49M	USD	3 Qtrs
Management fees	`ManagementFeeExpense`	$3.07M	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$12.60M	USD	3 Qtrs
Incentive fees	`IncentiveFeeExpense`	$5.51M	USD	1 Quarter
Incentive fees	`IncentiveFeeExpense`	$8.59M	USD	3 Qtrs
Incentive fees	`IncentiveFeeExpense`	$3.63M	USD	1 Quarter
Incentive fees	`IncentiveFeeExpense`	$14.99M	USD	3 Qtrs
Interest and other debt financing expenses	`InterestAndOtherDebtFinancingExpenses`	$32.77M	USD	3 Qtrs
Interest and other debt financing expenses	`InterestAndOtherDebtFinancingExpenses`	$10.44M	USD	1 Quarter
Interest and other debt financing expenses	`InterestAndOtherDebtFinancingExpenses`	$4.38M	USD	1 Quarter
Interest and other debt financing expenses	`InterestAndOtherDebtFinancingExpenses`	$8.30M	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$482.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$1.50M	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$1.68M	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$466.00K	USD	1 Quarter
Administration agreement expenses	`AdministrativeFeesExpense`	$1.33M	USD	3 Qtrs
Administration agreement expenses	`AdministrativeFeesExpense`	$1.65M	USD	3 Qtrs
Administration agreement expenses	`AdministrativeFeesExpense`	$459.00K	USD	1 Quarter
Administration agreement expenses	`AdministrativeFeesExpense`	$449.00K	USD	1 Quarter
Insurance expense	`GeneralInsuranceExpense`	$268.00K	USD	1 Quarter
Insurance expense	`GeneralInsuranceExpense`	$806.00K	USD	3 Qtrs
Insurance expense	`GeneralInsuranceExpense`	$269.00K	USD	1 Quarter
Insurance expense	`GeneralInsuranceExpense`	$805.00K	USD	3 Qtrs
Tax expense	`InvestmentIncomeOperatingTaxExpenseBenefit`	-	USD	1 Quarter
Tax expense	`InvestmentIncomeOperatingTaxExpenseBenefit`	-	USD	1 Quarter
Tax expense	`InvestmentIncomeOperatingTaxExpenseBenefit`	$1.00K	USD	3 Qtrs
Tax expense	`InvestmentIncomeOperatingTaxExpenseBenefit`	$50.00K	USD	3 Qtrs
Other expenses	`OtherExpenses`	$656.00K	USD	3 Qtrs
Other expenses	`OtherExpenses`	$304.00K	USD	1 Quarter
Other expenses	`OtherExpenses`	$667.00K	USD	3 Qtrs
Other expenses	`OtherExpenses`	$256.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$29.86M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$65.03M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$12.54M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$21.74M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$41.44M	USD	3 Qtrs
Net investment income	`NetInvestmentIncome`	$59.96M	USD	3 Qtrs
Net investment income	`NetInvestmentIncome`	$22.04M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$14.50M	USD	1 Quarter
Net realize gain (loss) on investments	`RealizedInvestmentGainsLosses`	$407.00K	USD	1 Quarter
Net realize gain (loss) on investments	`RealizedInvestmentGainsLosses`	$939.00K	USD	3 Qtrs
Net realize gain (loss) on investments	`RealizedInvestmentGainsLosses`	$-1.18M	USD	3 Qtrs
Net realize gain (loss) on investments	`RealizedInvestmentGainsLosses`	-	USD	1 Quarter
Net change in unrealized gain (loss) on investments	`UnrealizedGainLossOnInvestments`	$-3.18M	USD	1 Quarter
Net change in unrealized gain (loss) on investments	`UnrealizedGainLossOnInvestments`	$-7.21M	USD	1 Quarter
Net change in unrealized gain (loss) on investments	`UnrealizedGainLossOnInvestments`	$-28.62M	USD	3 Qtrs
Net change in unrealized gain (loss) on investments	`UnrealizedGainLossOnInvestments`	$-9.65M	USD	3 Qtrs
Net realized and unrealized gain (loss) on investments	`GainLossOnInvestments`	$-10.83M	USD	3 Qtrs
Net realized and unrealized gain (loss) on investments	`GainLossOnInvestments`	$-2.78M	USD	1 Quarter
Net realized and unrealized gain (loss) on investments	`GainLossOnInvestments`	$-27.68M	USD	3 Qtrs
Net realized and unrealized gain (loss) on investments	`GainLossOnInvestments`	$-7.21M	USD	1 Quarter
Net increase (decrease) in net assets resulting from operations	`NetIncomeLoss`	$13.76M	USD	3 Qtrs
Net increase (decrease) in net assets resulting from operations	`NetIncomeLoss`	$11.72M	USD	1 Quarter
Net increase (decrease) in net assets resulting from operations	`NetIncomeLoss`	$14.82M	USD	1 Quarter
Net increase (decrease) in net assets resulting from operations	`NetIncomeLoss`	$49.13M	USD	3 Qtrs
Net investment income per common share (basic and diluted)	`InvestmentCompanyInvestmentIncomeLossPerShare`	$1.48	USD	3 Qtrs
Net investment income per common share (basic and diluted)	`InvestmentCompanyInvestmentIncomeLossPerShare`	$0.54	USD	1 Quarter
Net investment income per common share (basic and diluted)	`InvestmentCompanyInvestmentIncomeLossPerShare`	$1.01	USD	3 Qtrs
Net investment income per common share (basic and diluted)	`InvestmentCompanyInvestmentIncomeLossPerShare`	$0.36	USD	1 Quarter
Net increase (decrease) in net assets resulting from operations per common share (basic)	`EarningsPerShareBasic`	$1.21	USD	3 Qtrs
Net increase (decrease) in net assets resulting from operations per common share (basic)	`EarningsPerShareBasic`	$0.33	USD	3 Qtrs
Net increase (decrease) in net assets resulting from operations per common share (basic)	`EarningsPerShareBasic`	$0.29	USD	1 Quarter
Net increase (decrease) in net assets resulting from operations per common share (basic)	`EarningsPerShareBasic`	$0.37	USD	1 Quarter
Net increase (decrease) in net assets resulting from operations per common share (diluted)	`EarningsPerShareDiluted`	$0.29	USD	1 Quarter
Net increase (decrease) in net assets resulting from operations per common share (diluted)	`EarningsPerShareDiluted`	$0.37	USD	1 Quarter
Net increase (decrease) in net assets resulting from operations per common share (diluted)	`EarningsPerShareDiluted`	$0.33	USD	3 Qtrs
Net increase (decrease) in net assets resulting from operations per common share (diluted)	`EarningsPerShareDiluted`	$1.21	USD	3 Qtrs
Weighted average shares outstanding (basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	40.51M	shares	1 Quarter
Weighted average shares outstanding (basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	41.12M	shares	3 Qtrs
Weighted average shares outstanding (basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	40.51M	shares	3 Qtrs
Weighted average shares outstanding (basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	40.77M	shares	1 Quarter
Weighted average shares outstanding (diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.51M	shares	1 Quarter
Weighted average shares outstanding (diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.77M	shares	1 Quarter
Weighted average shares outstanding (diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.12M	shares	3 Qtrs
Weighted average shares outstanding (diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.51M	shares	3 Qtrs

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net increase in net assets resulting from operations	`ProfitLoss`	$49.13M	USD	3 Qtrs
Net increase in net assets resulting from operations	`ProfitLoss`	$13.76M	USD	3 Qtrs
Payment in-kind interest	`PaymentInKindPrincipalAdditions`	$6.34M	USD	3 Qtrs
Payment in-kind interest	`PaymentInKindPrincipalAdditions`	$15.33M	USD	3 Qtrs
Sales or repayments of investments	`ProceedsFromDispositionOfInvestmentOperatingActivity`	$232.72M	USD	3 Qtrs
Sales or repayments of investments	`ProceedsFromDispositionOfInvestmentOperatingActivity`	$150.41M	USD	3 Qtrs
Net realized (gain) loss on investments	`GainLossOnSaleOfInvestments`	$939.00K	USD	3 Qtrs
Net realized (gain) loss on investments	`GainLossOnSaleOfInvestments`	$-1.18M	USD	3 Qtrs
Net change in unrealized (gain) loss on investments	`UnrealizedGainLossOnInvestments`	$-3.18M	USD	1 Quarter
Net change in unrealized (gain) loss on investments	`UnrealizedGainLossOnInvestments`	$-7.21M	USD	1 Quarter
Net change in unrealized (gain) loss on investments	`UnrealizedGainLossOnInvestments`	$-28.62M	USD	3 Qtrs
Net change in unrealized (gain) loss on investments	`UnrealizedGainLossOnInvestments`	$-9.65M	USD	3 Qtrs
Amortization of fixed income premiums or accretion of discounts	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$7.33M	USD	3 Qtrs
Amortization of fixed income premiums or accretion of discounts	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$4.58M	USD	3 Qtrs
Amortization of deferred debt costs	`AmortizationOfFinancingCosts`	$404.00K	USD	1 Quarter
Amortization of deferred debt costs	`AmortizationOfFinancingCosts`	$798.00K	USD	3 Qtrs
Amortization of deferred debt costs	`AmortizationOfFinancingCosts`	$2.24M	USD	3 Qtrs
Amortization of deferred debt costs	`AmortizationOfFinancingCosts`	$767.00K	USD	1 Quarter
(Increase) decrease in interest and fees receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$3.24M	USD	3 Qtrs
(Increase) decrease in interest and fees receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-614.00K	USD	3 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.05M	USD	3 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-763.00K	USD	3 Qtrs
Increase (decrease) in incentive fees payable	`IncreaseDecreaseInIncentiveFeePayable`	$3.97M	USD	3 Qtrs
Increase (decrease) in incentive fees payable	`IncreaseDecreaseInIncentiveFeePayable`	$1.18M	USD	3 Qtrs
Increase (decrease) in interest payable	`IncreaseDecreaseInInterestPayableNet`	$1.80M	USD	3 Qtrs
Increase (decrease) in interest payable	`IncreaseDecreaseInInterestPayableNet`	$2.95M	USD	3 Qtrs
Increase (decrease) in accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$50.00K	USD	3 Qtrs
Increase (decrease) in accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$183.00K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-164.11M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$174.08M	USD	3 Qtrs
Payments of deferred debt costs	`PaymentsOfFinancingCosts`	$8.24M	USD	3 Qtrs
Payments of deferred debt costs	`PaymentsOfFinancingCosts`	$1.21M	USD	3 Qtrs
Borrowings under credit facility	`ProceedsFromLinesOfCredit`	$282.00M	USD	3 Qtrs
Borrowings under credit facility	`ProceedsFromLinesOfCredit`	$121.00M	USD	3 Qtrs
Repayments under credit facility	`RepaymentsOfLinesOfCredit`	$168.00M	USD	3 Qtrs
Repayments under credit facility	`RepaymentsOfLinesOfCredit`	$255.00M	USD	3 Qtrs
Repayments of reverse repurchase agreements	`RepaymentsOfReverseRepurchaseAgreements`	$44.77M	USD	3 Qtrs
Acquisition of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$9.30M	USD	3 Qtrs
Dividends paid to stockholders	`PaymentsOfDividends`	$54.69M	USD	3 Qtrs
Dividends paid to stockholders	`PaymentsOfDividends`	$37.01M	USD	3 Qtrs
Refunds (payments) of offering costs	`PaymentsOfStockIssuanceCosts`	$16.00K	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$165.19M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-164.90M	USD	3 Qtrs
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$9.18M	USD	3 Qtrs
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.08M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.95M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.77M	USD	Point-in-time
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 end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.95M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.77M	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
Taxes paid	`IncomeTaxesPaidNet`	$1.00K	USD	3 Qtrs
Taxes paid	`IncomeTaxesPaidNet`	$340.00K	USD	3 Qtrs
Interest paid	`InterestPaidNet`	$27.90M	USD	3 Qtrs
Interest paid	`InterestPaidNet`	$3.12M	USD	3 Qtrs
Non-cash portfolio purchases	`NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1`	$534.00K	USD	3 Qtrs
Non-cash portfolio purchases	`NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1`	$3.38M	USD	3 Qtrs

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