10-K Filing

RUNWAY GROWTH FINANCE CORP. CIK: 1653384 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0000950170-24-027913`
Period End Date	20231231
Filing Date	20240307
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	rway-20231231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 73 Cash Flow Statement 78

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Investment cost	`InvestmentOwnedAtCost`	$1.15B	USD	Point-in-time
Investment cost	`InvestmentOwnedAtCost`	$1.11B	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`	$1.13B	USD	Point-in-time
Total investments at fair value	`InvestmentOwnedAtFairValue`	$1.07B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.76M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.97M	USD	Point-in-time
Interest and fees receivable	`DividendAndInterestReceivable`	$8.77M	USD	Point-in-time
Interest and fees receivable	`DividendAndInterestReceivable`	$8.27M	USD	Point-in-time
Other assets	`OtherAssets`	$930.00K	USD	Point-in-time
Other assets	`OtherAssets`	$905.00K	USD	Point-in-time
Total assets	`Assets`	$1.14B	USD	Point-in-time
Total assets	`Assets`	$1.08B	USD	Point-in-time
Credit facility	`LineOfCredit`	$337.00M	USD	Point-in-time
Credit facility	`LineOfCredit`	$272.00M	USD	Point-in-time
Unamortized deferred debt costs	`UnamortizedDebtIssuanceExpense`	$10.29M	USD	Point-in-time
Unamortized deferred debt costs	`UnamortizedDebtIssuanceExpense`	$9.17M	USD	Point-in-time
Total debt, less unamortized deferred debt costs	`LongTermDebt`	$510.08M	USD	Point-in-time
Total debt, less unamortized deferred debt costs	`LongTermDebt`	$548.96M	USD	Point-in-time
Incentive fees payable	`IncentiveFeePayable`	$12.50M	USD	Point-in-time
Incentive fees payable	`IncentiveFeePayable`	$8.81M	USD	Point-in-time
Interest payable	`InterestPayableCurrentAndNoncurrent`	$6.76M	USD	Point-in-time
Interest payable	`InterestPayableCurrentAndNoncurrent`	$6.22M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$1.73M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$2.74M	USD	Point-in-time
Total liabilities	`Liabilities`	$532.08M	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`	$605.11M	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`	$-47.64M	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`	$547.07M	USD	Point-in-time
Total net assets	`StockholdersEquity`	$606.20M	USD	Point-in-time
Total net assets	`StockholdersEquity`	$466.24M	USD	Point-in-time
Total net assets	`StockholdersEquity`	$576.05M	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`	$14.14	USD	Point-in-time
Net asset value per share	`NetAssetValuePerShare`	$14.84	USD	Point-in-time
Net asset value per share	`NetAssetValuePerShare`	$14.08	USD	Point-in-time
Net asset value per share	`NetAssetValuePerShare`	$14.66	USD	Point-in-time
Net asset value per share	`NetAssetValuePerShare`	$13.50	USD	Point-in-time
Net asset value per share	`NetAssetValuePerShare`	$14.45	USD	Point-in-time
Net asset value per share	`NetAssetValuePerShare`	$14.58	USD	Point-in-time
Net asset value per share	`NetAssetValuePerShare`	$14.17	USD	Point-in-time
Net asset value per share	`NetAssetValuePerShare`	$14.65	USD	Point-in-time
Net asset value per share	`NetAssetValuePerShare`	$14.07	USD	Point-in-time
Net asset value per share	`NetAssetValuePerShare`	$15.14	USD	Point-in-time
Net asset value per share	`NetAssetValuePerShare`	$15.00	USD	Point-in-time
Net asset value per share	`NetAssetValuePerShare`	$14.12	USD	Point-in-time
Net asset value per share	`NetAssetValuePerShare`	$13.50	USD	Point-in-time
Net asset value per share	`NetAssetValuePerShare`	$14.22	USD	Point-in-time
Net asset value per share	`NetAssetValuePerShare`	$10.38	USD	Point-in-time

Income Statement 73 line items

Line Item	Tag	Value	Unit	Period
Other income	`OtherIncome`	$1.00K	USD	Annual
Other income	`OtherIncome`	$488.00K	USD	Annual
Other income	`OtherIncome`	$2.00K	USD	Annual
Total investment income	`GrossInvestmentIncomeOperating`	$71.09M	USD	Annual
Total investment income	`GrossInvestmentIncomeOperating`	$107.75M	USD	Annual
Total investment income	`GrossInvestmentIncomeOperating`	$164.21M	USD	Annual
Management fees	`ManagementFeeExpense`	$11.88M	USD	Annual
Management fees	`ManagementFeeExpense`	$8.99M	USD	Annual
Management fees	`ManagementFeeExpense`	$16.71M	USD	Annual
Incentive fees	`IncentiveFeeExpense`	$9.23M	USD	Annual
Incentive fees	`IncentiveFeeExpense`	$13.18M	USD	Annual
Incentive fees	`IncentiveFeeExpense`	$19.05M	USD	Annual
Interest and other debt financing expenses	`InterestAndDebtExpense`	$43.14M	USD	Annual
Interest and other debt financing expenses	`InterestAndDebtExpense`	$4.19M	USD	Annual
Interest and other debt financing expenses	`InterestAndDebtExpense`	$16.76M	USD	Annual
Professional fees	`ProfessionalFees`	$1.60M	USD	Annual
Professional fees	`ProfessionalFees`	$2.35M	USD	Annual
Professional fees	`ProfessionalFees`	$2.13M	USD	Annual
Administration agreement expenses	`AdministrativeFeesExpense`	$1.57M	USD	Annual
Administration agreement expenses	`AdministrativeFeesExpense`	$1.84M	USD	Annual
Administration agreement expenses	`AdministrativeFeesExpense`	$2.12M	USD	Annual
Insurance expense	`GeneralInsuranceExpense`	$1.02M	USD	Annual
Insurance expense	`GeneralInsuranceExpense`	$339.00K	USD	Annual
Insurance expense	`GeneralInsuranceExpense`	$1.03M	USD	Annual
Tax expense	`InvestmentIncomeOperatingTaxExpenseBenefit`	$664.00K	USD	Annual
Tax expense	`InvestmentIncomeOperatingTaxExpenseBenefit`	$1.00K	USD	Annual
Tax expense	`InvestmentIncomeOperatingTaxExpenseBenefit`	$291.00K	USD	Annual
Other expenses	`OtherExpenses`	$867.00K	USD	Annual
Other expenses	`OtherExpenses`	$851.00K	USD	Annual
Other expenses	`OtherExpenses`	$683.00K	USD	Annual
Total operating expenses	`OperatingExpenses`	$26.60M	USD	Annual
Total operating expenses	`OperatingExpenses`	$85.93M	USD	Annual
Total operating expenses	`OperatingExpenses`	$47.95M	USD	Annual
Net investment income	`NetInvestmentIncome`	$44.49M	USD	Annual
Net investment income	`NetInvestmentIncome`	$59.80M	USD	Annual
Net investment income	`NetInvestmentIncome`	$78.28M	USD	Annual
Net realized gain (loss) on investments, including U.S. Treasury Bills	`RealizedInvestmentGainsLosses`	$4.17M	USD	Annual
Net realized gain (loss) on investments, including U.S. Treasury Bills	`RealizedInvestmentGainsLosses`	$-1.06M	USD	Annual
Net realized gain (loss) on investments, including U.S. Treasury Bills	`RealizedInvestmentGainsLosses`	$-18.39M	USD	Annual
Net change in unrealized gain (loss) on investments, including U.S. Treasury Bills	`UnrealizedGainLossOnInvestments`	$-3.04M	USD	Annual
Net change in unrealized gain (loss) on investments, including U.S. Treasury Bills	`UnrealizedGainLossOnInvestments`	$-26.48M	USD	Annual
Net change in unrealized gain (loss) on investments, including U.S. Treasury Bills	`UnrealizedGainLossOnInvestments`	$-15.55M	USD	Annual
Net realized and unrealized gain (loss) on investments	`GainLossOnInvestments`	$-27.55M	USD	Annual
Net realized and unrealized gain (loss) on investments	`GainLossOnInvestments`	$1.13M	USD	Annual
Net realized and unrealized gain (loss) on investments	`GainLossOnInvestments`	$-33.93M	USD	Annual
Net increase in net assets resulting from operations	`NetIncomeLoss`	$32.25M	USD	Annual
Net increase in net assets resulting from operations	`NetIncomeLoss`	$45.62M	USD	Annual
Net increase in net assets resulting from operations	`NetIncomeLoss`	$44.34M	USD	Annual
Net investment income per common share (basic and diluted)	`InvestmentCompanyInvestmentIncomeLossPerShare`	$-0.66	USD	Annual
Net investment income per common share (basic and diluted)	`InvestmentCompanyInvestmentIncomeLossPerShare`	$1.95	USD	Annual
Net investment income per common share (basic and diluted)	`InvestmentCompanyInvestmentIncomeLossPerShare`	$1.38	USD	Annual
Net investment income per common share (basic and diluted)	`InvestmentCompanyInvestmentIncomeLossPerShare`	$1.26	USD	Annual
Net investment income per common share (basic and diluted)	`InvestmentCompanyInvestmentIncomeLossPerShare`	$1.46	USD	Annual
Net investment income per common share (basic and diluted)	`InvestmentCompanyInvestmentIncomeLossPerShare`	$1.30	USD	Annual
Net investment income per common share (basic and diluted)	`InvestmentCompanyInvestmentIncomeLossPerShare`	$1.93	USD	Annual
Net investment income per common share (basic and diluted)	`InvestmentCompanyInvestmentIncomeLossPerShare`	$-83.81	USD	Annual
Net increase (decrease) in net assets resulting from operations per common share, Basic	`EarningsPerShareBasic`	$1.09	USD	Annual
Net increase (decrease) in net assets resulting from operations per common share, Basic	`EarningsPerShareBasic`	$0.79	USD	Annual
Net increase (decrease) in net assets resulting from operations per common share, Basic	`EarningsPerShareBasic`	$1.33	USD	Annual
Net increase (decrease) in net assets resulting from operations per common share, Diluted	`EarningsPerShareDiluted`	$1.09	USD	Annual
Net increase (decrease) in net assets resulting from operations per common share, Diluted	`EarningsPerShareDiluted`	$1.33	USD	Annual
Net increase (decrease) in net assets resulting from operations per common share, Diluted	`EarningsPerShareDiluted`	$0.79	USD	Annual
Weighted average shares outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	40.97M	shares	Annual
Weighted average shares outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	2.80M	shares	Annual
Weighted average shares outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	40.51M	shares	Annual
Weighted average shares outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.62M	shares	Annual
Weighted average shares outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	18.70M	shares	Annual
Weighted average shares outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10,774.00	shares	Annual
Weighted average shares outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	34.18M	shares	Annual
Weighted average shares outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.30M	shares	Annual
Weighted average shares outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	34.18M	shares	Annual
Weighted average shares outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.97M	shares	Annual
Weighted average shares outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.51M	shares	Annual

Cash Flow Statement 78 line items

Line Item	Tag	Value	Unit	Period
Net increase in net assets resulting from operations	`NetIncomeLoss`	$32.25M	USD	Annual
Net increase in net assets resulting from operations	`NetIncomeLoss`	$45.62M	USD	Annual
Net increase in net assets resulting from operations	`NetIncomeLoss`	$44.34M	USD	Annual
Payment-in-kind interest	`PaymentInKindPrincipalAdditions`	$19.92M	USD	Annual
Payment-in-kind interest	`PaymentInKindPrincipalAdditions`	$3.00M	USD	Annual
Payment-in-kind interest	`PaymentInKindPrincipalAdditions`	$8.65M	USD	Annual
Sales or repayments of investments	`ProceedsFromDispositionOfInvestmentOperatingActivity`	$168.90M	USD	Annual
Sales or repayments of investments	`ProceedsFromDispositionOfInvestmentOperatingActivity`	$296.41M	USD	Annual
Sales or repayments of investments	`ProceedsFromDispositionOfInvestmentOperatingActivity`	$303.60M	USD	Annual
Net realized (gain) loss on investments	`RealizedInvestmentGainsLosses`	$4.17M	USD	Annual
Net realized (gain) loss on investments	`RealizedInvestmentGainsLosses`	$-1.06M	USD	Annual
Net realized (gain) loss on investments	`RealizedInvestmentGainsLosses`	$-18.39M	USD	Annual
Net change in unrealized (gain) loss on investments	`UnrealizedGainLossOnInvestments`	$-3.04M	USD	Annual
Net change in unrealized (gain) loss on investments	`UnrealizedGainLossOnInvestments`	$-26.48M	USD	Annual
Net change in unrealized (gain) loss on investments	`UnrealizedGainLossOnInvestments`	$-15.55M	USD	Annual
Amortization of fixed income premiums or accretion of discounts	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$8.68M	USD	Annual
Amortization of fixed income premiums or accretion of discounts	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$6.86M	USD	Annual
Amortization of fixed income premiums or accretion of discounts	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$7.74M	USD	Annual
Amortization of deferred debt costs	`AmortizationOfFinancingCosts`	$3.03M	USD	Annual
Amortization of deferred debt costs	`AmortizationOfFinancingCosts`	$472.00K	USD	Annual
Amortization of deferred debt costs	`AmortizationOfFinancingCosts`	$1.39M	USD	Annual
(Increase) decrease in interest and fees receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$301.00K	USD	Annual
(Increase) decrease in interest and fees receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-497.00K	USD	Annual
(Increase) decrease in interest and fees receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$5.78M	USD	Annual
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-25.00K	USD	Annual
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$599.00K	USD	Annual
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-227.00K	USD	Annual
Increase (decrease) in incentive fees payable	`IncreaseDecreaseInIncentiveFeePayable`	$1.00M	USD	Annual
Increase (decrease) in incentive fees payable	`IncreaseDecreaseInIncentiveFeePayable`	$2.80M	USD	Annual
Increase (decrease) in incentive fees payable	`IncreaseDecreaseInIncentiveFeePayable`	$3.69M	USD	Annual
Increase (decrease) in interest payable	`IncreaseDecreaseInInterestPayableNet`	$5.97M	USD	Annual
Increase (decrease) in interest payable	`IncreaseDecreaseInInterestPayableNet`	$-219.00K	USD	Annual
Increase (decrease) in interest payable	`IncreaseDecreaseInInterestPayableNet`	$543.00K	USD	Annual
Increase (decrease) in accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$486.00K	USD	Annual
Increase (decrease) in accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$92.00K	USD	Annual
Increase (decrease) in accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$1.01M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$112.44M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-61.25M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-359.85M	USD	Annual
Payments of deferred debt costs	`PaymentsOfDebtIssuanceCosts`	$400.00K	USD	Annual
Payments of deferred debt costs	`PaymentsOfDebtIssuanceCosts`	$10.17M	USD	Annual
Payments of deferred debt costs	`PaymentsOfDebtIssuanceCosts`	$1.91M	USD	Annual
Borrowings under credit facilities	`ProceedsFromLinesOfCredit`	$161.00M	USD	Annual
Borrowings under credit facilities	`ProceedsFromLinesOfCredit`	$484.00M	USD	Annual
Borrowings under credit facilities	`ProceedsFromLinesOfCredit`	$210.00M	USD	Annual
Repayments under credit facilities	`RepaymentsOfLinesOfCredit`	$208.00M	USD	Annual
Repayments under credit facilities	`RepaymentsOfLinesOfCredit`	$199.00M	USD	Annual
Repayments under credit facilities	`RepaymentsOfLinesOfCredit`	$275.00M	USD	Annual
Proceeds from reverse repurchase agreements	`ProceedsFromReverseRepurchaseAgreements`	$149.25M	USD	Annual
Repayments of reverse repurchase agreements	`RepaymentsOfReverseRepurchaseAgreements`	$44.77M	USD	Annual
Repayments of reverse repurchase agreements	`RepaymentsOfReverseRepurchaseAgreements`	$174.12M	USD	Annual
Acquisition of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$10.82M	USD	Annual
Dividends paid to stockholders	`PaymentsOfDividends`	$17.95M	USD	Annual
Dividends paid to stockholders	`PaymentsOfDividends`	$73.32M	USD	Annual
Dividends paid to stockholders	`PaymentsOfDividends`	$51.59M	USD	Annual
Refunds (payments) of offering costs	`PaymentsOfRefundsOfStockIssuanceCosts`	$-16.00K	USD	Annual
Refunds (payments) of offering costs	`PaymentsOfRefundsOfStockIssuanceCosts`	$7.01M	USD	Annual
Cash received from common stock issued	`ProceedsFromIssuanceOfCommonStock`	$119.29M	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$360.91M	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-115.23M	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$51.06M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.06M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-10.19M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.79M	USD	Annual
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.89M	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`	$2.97M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.70M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.89M	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`	$2.97M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.70M	USD	Point-in-time
Taxes paid	`IncomeTaxesPaidNet`	$1.00K	USD	Annual
Taxes paid	`IncomeTaxesPaidNet`	$340.00K	USD	Annual
Interest paid	`InterestPaidNet`	$2.77M	USD	Annual
Interest paid	`InterestPaidNet`	$7.78M	USD	Annual
Interest paid	`InterestPaidNet`	$38.10M	USD	Annual
Non-cash dividend reinvestments	`NonCashDividendReinvestments`	$27.00M	USD	Annual

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