2024 Q3 Form 10-Q Financial Statement

#000121390024068355 Filed on August 13, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q2
Revenue $37.05M $34.39M $21.73M
YoY Change 73.4% 58.25% 204.38%
Cost Of Revenue $21.60M
YoY Change
Gross Profit $30.85M
YoY Change
Gross Profit Margin 89.71%
Selling, General & Admin $1.041M
YoY Change
% of Gross Profit 3.37%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $27.56M $22.64M $19.01M
YoY Change 39.01% 19.08% 224.95%
Operating Profit -$20.77M -$18.06M -$19.01M
YoY Change -1034.56% -5.01%
Interest Expense -$3.075M $13.00M
YoY Change -123.65% 331.39%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $31.32M
YoY Change
Income Tax
% Of Pretax Income
Net Earnings $37.56M $31.18M $21.00M
YoY Change 170.73% 48.46%
Net Earnings / Revenue 101.36% 90.66% 96.64%
Basic Earnings Per Share $0.52 $0.51 $0.56
Diluted Earnings Per Share $0.52 $0.51 $0.56
COMMON SHARES
Basic Shares Outstanding 71.09M shares 65.12M shares 39.01M shares
Diluted Shares Outstanding 71.08M shares 67.43M shares 38.91M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.27M
YoY Change
Cash & Equivalents $39.08M $20.27M $12.92M
Short-Term Investments
Other Short-Term Assets $117.0K
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $25.67M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $20.23M $1.867B
YoY Change -98.44%
Other Assets
YoY Change
Total Long-Term Assets $1.884B
YoY Change
TOTAL ASSETS
Total Short-Term Assets $25.67M
Total Long-Term Assets $1.884B
Total Assets $2.028B $1.910B $1.325B
YoY Change 53.58% 44.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $14.57M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $119.1M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $622.0M
YoY Change
Other Long-Term Liabilities -$9.448M
YoY Change
Total Long-Term Liabilities $612.6M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $119.1M
Total Long-Term Liabilities $612.6M
Total Liabilities $842.0M $731.7M $677.7M
YoY Change 31.59% 7.97%
SHAREHOLDERS EQUITY
Retained Earnings $33.13M $24.00M $20.31M
YoY Change 172.05% 18.18%
Common Stock $1.153B $1.154B $39.00K
YoY Change 72.47% 2959333.33%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.186B $1.178B $646.9M
YoY Change
Total Liabilities & Shareholders Equity $2.028B $1.910B $1.325B
YoY Change 53.58% 44.18%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q2
OPERATING ACTIVITIES
Net Income $37.56M $31.18M $21.00M
YoY Change 170.73% 48.46%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$286.8M
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 273.6M
YoY Change
NET CHANGE
Cash From Operating Activities -286.8M
Cash From Investing Activities
Cash From Financing Activities 273.6M
Net Change In Cash -13.15M
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$286.8M
Capital Expenditures
Free Cash Flow
YoY Change

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us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
2044000 usd
CY2024Q2 kbdc Net Increase In Net Assets Resulting From Capital Share Transactions
NetIncreaseInNetAssetsResultingFromCapitalShareTransactions
363885000 usd
CY2023Q2 kbdc Net Increase In Net Assets Resulting From Capital Share Transactions
NetIncreaseInNetAssetsResultingFromCapitalShareTransactions
51089000 usd
kbdc Net Increase In Net Assets Resulting From Capital Share Transactions
NetIncreaseInNetAssetsResultingFromCapitalShareTransactions
484147000 usd
kbdc Net Increase In Net Assets Resulting From Capital Share Transactions
NetIncreaseInNetAssetsResultingFromCapitalShareTransactions
52044000 usd
CY2024Q2 us-gaap Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
366619000 usd
CY2023Q2 us-gaap Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
51413000 usd
us-gaap Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
495120000 usd
us-gaap Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
54885000 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
811557000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
595513000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
683056000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
592041000 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
1178176000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
646926000 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
1178176000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
646926000 usd
us-gaap Profit Loss
ProfitLoss
58935000 usd
us-gaap Profit Loss
ProfitLoss
40409000 usd
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-138000 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
877000 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-606000 usd
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
5289000 usd
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
4317000 usd
kbdc Salespurchases Of Shortterm Investments Net
SalespurchasesOfShorttermInvestmentsNet
-7542000 usd
kbdc Salespurchases Of Shortterm Investments Net
SalespurchasesOfShorttermInvestmentsNet
-5247000 usd
kbdc Purchases Of Portfolio Investments
PurchasesOfPortfolioInvestments
608157000 usd
kbdc Purchases Of Portfolio Investments
PurchasesOfPortfolioInvestments
177629000 usd
kbdc Proceeds From Sales Of Investments And Principal Repayments
ProceedsFromSalesOfInvestmentsAndPrincipalRepayments
131288000 usd
kbdc Proceeds From Sales Of Investments And Principal Repayments
ProceedsFromSalesOfInvestmentsAndPrincipalRepayments
63543000 usd
kbdc Paidinkind Interest From Portfolio Investments
PaidinkindInterestFromPortfolioInvestments
663000 usd
kbdc Paidinkind Interest From Portfolio Investments
PaidinkindInterestFromPortfolioInvestments
1035000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1824000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1184000 usd
us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
3906000 usd
us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
1826000 usd
kbdc Increasedecrease In Receivable For Principal Payments On Investments
IncreasedecreaseInReceivableForPrincipalPaymentsOnInvestments
5176000 usd
kbdc Increasedecrease In Receivable For Principal Payments On Investments
IncreasedecreaseInReceivableForPrincipalPaymentsOnInvestments
37000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-101000 usd
us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
-202000 usd
us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
-140000 usd
kbdc Increasedecrease In Payable For Investments Purchased
IncreasedecreaseInPayableForInvestmentsPurchased
72322000 usd
kbdc Increasedecrease In Payable For Investments Purchased
IncreasedecreaseInPayableForInvestmentsPurchased
-956000 usd
kbdc Increasedecrease In Management Fees Payable
IncreasedecreaseInManagementFeesPayable
784000 usd
kbdc Increasedecrease In Management Fees Payable
IncreasedecreaseInManagementFeesPayable
433000 usd
kbdc Increasedecrease In Incentive Fee Payable
IncreasedecreaseInIncentiveFeePayable
-14195000 usd
kbdc Increasedecrease In Incentive Fee Payable
IncreasedecreaseInIncentiveFeePayable
4558000 usd
kbdc Increasedecrease In Accrued Other General And Administrative Expenses
IncreasedecreaseInAccruedOtherGeneralAndAdministrativeExpenses
2625000 usd
kbdc Increasedecrease In Accrued Other General And Administrative Expenses
IncreasedecreaseInAccruedOtherGeneralAndAdministrativeExpenses
2530000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-377788000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-77644000 usd
kbdc Borrowingspayments On Corporate Credit Facility Net
BorrowingspaymentsOnCorporateCreditFacilityNet
159000000 usd
kbdc Borrowingspayments On Corporate Credit Facility Net
BorrowingspaymentsOnCorporateCreditFacilityNet
32000000 usd
kbdc Borrowings On Revolving Funding Facility Net
BorrowingsOnRevolvingFundingFacilityNet
83000000 usd
kbdc Borrowings On Revolving Funding Facility Net
BorrowingsOnRevolvingFundingFacilityNet
120000000 usd
kbdc Borrowings On Revolving Funding Facility Ii Net
BorrowingsOnRevolvingFundingFacilityIINet
13000000 usd
kbdc Borrowings On Subscription And Credit Agreement Net
BorrowingsOnSubscriptionAndCreditAgreementNet
-10750000 usd
kbdc Borrowings On Subscription And Credit Agreement Net
BorrowingsOnSubscriptionAndCreditAgreementNet
-99000000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
4841000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1689000 usd
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
38416000 usd
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
30274000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
480997000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
50000000 usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
75000000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
363990000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
82037000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-13798000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
4393000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
34069000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8526000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20271000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12919000 usd
us-gaap Interest Paid Net
InterestPaidNet
25339000 usd
us-gaap Interest Paid Net
InterestPaidNet
20556000 usd
kbdc Noncash Financing Activities Not Included Herein Consisted Of Reinvestment Of Dividends
NoncashFinancingActivitiesNotIncludedHereinConsistedOfReinvestmentOfDividends
3150000 usd
kbdc Noncash Financing Activities Not Included Herein Consisted Of Reinvestment Of Dividends
NoncashFinancingActivitiesNotIncludedHereinConsistedOfReinvestmentOfDividends
2044000 usd
CY2024Q2 kbdc Net Of Underwriting Fees And Net Of Offering Expenses
NetOfUnderwritingFeesAndNetOfOfferingExpenses
93793000 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">C.<i> Use of Estimates</i>—the preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of income and expenses during the period. Actual results could differ materially from those estimates.</p>
kbdc Third Party Valuation Percentage
ThirdPartyValuationPercentage
0.25 pure
us-gaap Paid In Kind Interest
PaidInKindInterest
663000 usd
us-gaap Paid In Kind Interest
PaidInKindInterest
1035000 usd
kbdc Aggregate Interest Income
AggregateInterestIncome
0.007 pure
kbdc Distributions Percentage
DistributionsPercentage
0.90 pure
us-gaap Quarterly Financial Information Income Taxes Significant Variation Description
QuarterlyFinancialInformationIncomeTaxesSignificantVariationDescription
All RICs are subject to a non-deductible 4% excise tax on income that is not distributed on a timely basis in accordance with the calendar year distribution requirements. To avoid the tax, the Company must distribute during each calendar year an amount at least equal to the sum of (i) 98% of its ordinary income for the calendar year, (ii) 98.2% of its net capital gains for the one-year period ending on December 31, the last day of our taxable year, and (iii) undistributed amounts from previous years on which the Company paid no U.S. federal income tax.
kbdc Base Management Fee Annual Rate
BaseManagementFeeAnnualRate
0.01 pure
kbdc Percentage Of Twelve Quarter Look Back Quarterly Hurdle Rate
PercentageOfTwelveQuarterLookBackQuarterlyHurdleRate
0.015 pure
kbdc Fair Market Value In Percentage
FairMarketValueInPercentage
0.009 pure
kbdc Percentage Of Annual Rate Computation For Base Management Fee
PercentageOfAnnualRateComputationForBaseManagementFee
0.01 pure
kbdc Percentage Of Annual Rate For Base Management Fee Of Contractual Waiver
PercentageOfAnnualRateForBaseManagementFeeOfContractualWaiver
0.0025 pure
CY2024Q2 kbdc Incurred Base Management Fees
IncurredBaseManagementFees
3780000 usd
CY2023Q2 kbdc Incurred Base Management Fees
IncurredBaseManagementFees
2848000 usd
kbdc Incurred Base Management Fees
IncurredBaseManagementFees
7302000 usd
kbdc Incurred Base Management Fees
IncurredBaseManagementFees
5533000 usd
us-gaap Investment Company Incentive Fee To Average Net Assets
InvestmentCompanyIncentiveFeeToAverageNetAssets
0.015 pure
us-gaap Investment Company Total Return After Incentive Fees
InvestmentCompanyTotalReturnAfterIncentiveFees
0.06 pure
us-gaap Incentive Fee Description
IncentiveFeeDescription
Prior to the IPO Date, the income incentive fee is calculated as 100% of our pre-incentive fee net investment income for the immediately preceding calendar quarter in excess of 1.50% of the Company’s NAV at the end of the immediately preceding calendar quarter until the Advisor has received 10% of the total pre-incentive fee net income for that calendar quarter and, for pre-incentive fee net investment income in excess of 1.6667%, 10% of all remaining pre-incentive fee net investment income for that quarter.
kbdc Percentage Of First Quarter Hurdle Rate
PercentageOfFirstQuarterHurdleRate
0.015 pure
kbdc Percentage Of Annual Hurdle Rate
PercentageOfAnnualHurdleRate
0.06 pure
kbdc Percentage Of Aggregate Pre Incentive Fee Exceeds Hurdle Rate For Quarter
PercentageOfAggregatePreIncentiveFeeExceedsHurdleRateForQuarter
1 pure
kbdc Percentage Of Minimum Quarterly Rate Before Initial Public Offering
PercentageOfMinimumQuarterlyRateBeforeInitialPublicOffering
0.016667 pure
kbdc Percentage Of Minimum Quarterly Rate After Initial Public Offering
PercentageOfMinimumQuarterlyRateAfterInitialPublicOffering
0.017647 pure
kbdc Percentage Of Pre Incentive Fee Before The Initial Public Offering
PercentageOfPreIncentiveFeeBeforeTheInitialPublicOffering
0.10 pure
kbdc Percentage Of Pre Incentive Fee After The Initial Public Offering
PercentageOfPreIncentiveFeeAfterTheInitialPublicOffering
0.15 pure
kbdc Percentage Of Aggregate Pre Incentive Fee Exceeds Quarterly Rate
PercentageOfAggregatePreIncentiveFeeExceedsQuarterlyRate
0.10 pure
kbdc Percentage Of Maximum Quarterly Rate Before The Ipo
PercentageOfMaximumQuarterlyRateBeforeTheIPO
0.016667 pure
kbdc Percentage Of Pre Incentive Fee Net Investment Income Exceeds Quarterly Rate For First Quarter
PercentageOfPreIncentiveFeeNetInvestmentIncomeExceedsQuarterlyRateForFirstQuarter
0.15 pure
kbdc Percentage Of Quarterly Rate Exceeds For First Quarter
PercentageOfQuarterlyRateExceedsForFirstQuarter
0.017647 pure
kbdc Percentage Of Trailing Twelve Quarter Equals Hurdle Rate For Quarter
PercentageOfTrailingTwelveQuarterEqualsHurdleRateForQuarter
0.015 pure
kbdc Percentage Of Trailing Twelve Quarter Equals Hurdle Rate For Annual
PercentageOfTrailingTwelveQuarterEqualsHurdleRateForAnnual
0.06 pure
kbdc Percentage Of Aggregate Pre Incentive Fee Exceeds Hurdle Rate For Trailing Twelve Quarters
PercentageOfAggregatePreIncentiveFeeExceedsHurdleRateForTrailingTwelveQuarters
1 pure
kbdc Percentage Of Computation For Catch Up Amount
PercentageOfComputationForCatchUpAmount
0.017647 pure
kbdc Percentage Of Aggregate Pre Incentive Fee Exceeds Catch Up Amount For Trailing Twelve Quarter
PercentageOfAggregatePreIncentiveFeeExceedsCatchUpAmountForTrailingTwelveQuarter
0.15 pure
kbdc Percentage Of Cumulative Pre Incentive Fee Net Return Under Trailing Twelve Quarter
PercentageOfCumulativePreIncentiveFeeNetReturnUnderTrailingTwelveQuarter
0.15 pure
kbdc Percentage Of Realized Capital Gains Payable Prior The Effective Date
PercentageOfRealizedCapitalGainsPayablePriorTheEffectiveDate
0.10 pure
kbdc Percentage Of Realized Capital Gains Payable Upon The Effective Date
PercentageOfRealizedCapitalGainsPayableUponTheEffectiveDate
0.15 pure
CY2024Q2 kbdc Incurred Incentive Fees On Income
IncurredIncentiveFeesOnIncome
0 usd
CY2024Q2 kbdc Incentive Fee Expense Net Of Waivers
IncentiveFeeExpenseNetOfWaivers
4109000 usd
CY2023Q2 kbdc Incurred Incentive Fees On Income
IncurredIncentiveFeesOnIncome
2420000 usd
kbdc Incurred Incentive Fees On Income
IncurredIncentiveFeesOnIncome
2631000 usd
kbdc Incentive Fee Expense Net Of Waivers
IncentiveFeeExpenseNetOfWaivers
4109000 usd
kbdc Incurred Incentive Fees On Income
IncurredIncentiveFeesOnIncome
4558000 usd
us-gaap Payment For Incentive Fee
PaymentForIncentiveFee
16826000 usd
CY2024Q2 us-gaap Trading Securities Debt Amortized Cost
TradingSecuritiesDebtAmortizedCost
1846250000 usd
CY2024Q2 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
1867402000 usd
CY2023Q4 us-gaap Trading Securities Debt Amortized Cost
TradingSecuritiesDebtAmortizedCost
1356025000 usd
CY2023Q4 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
1376300000 usd
CY2024Q2 us-gaap Other Assets
OtherAssets
182075000 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
68578000 usd
kbdc Longterm Investments Fair Value Percentage
LongtermInvestmentsFairValuePercentage
1 pure
CY2023 kbdc Longterm Investments Fair Value Percentage
LongtermInvestmentsFairValuePercentage
1 pure
CY2024Q2 us-gaap Investments
Investments
1828431000 usd
CY2024Q2 kbdc Equity Investments
EquityInvestments
18627000 usd
CY2024Q2 us-gaap Short Term Investments
ShortTermInvestments
20344000 usd
CY2024Q2 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
1867402000 usd
CY2023Q4 us-gaap Investments
Investments
1346174000 usd
CY2023Q4 kbdc Equity Investments
EquityInvestments
17324000 usd
CY2023Q4 us-gaap Short Term Investments
ShortTermInvestments
12802000 usd
CY2023Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
1376300000 usd
CY2024Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
1482342000 usd
CY2024Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
132522000 usd
CY2024Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
-40471000 usd
CY2024Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease
-2846000 usd
CY2024Q2 kbdc Fair Value Measurement With Unobservable Input Reconciliation Recurring Basis Net Accretion Of Discount On Investments
FairValueMeasurementWithUnobservableInputReconciliationRecurringBasisNetAccretionOfDiscountOnInvestments
2850000 usd
CY2024Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
1574397000 usd
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
1254359000 usd
CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
74419000 usd
CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
-46298000 usd
CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease
-731000 usd
CY2023Q2 kbdc Fair Value Measurement With Unobservable Input Reconciliation Recurring Basis Net Accretion Of Discount On Investments
FairValueMeasurementWithUnobservableInputReconciliationRecurringBasisNetAccretionOfDiscountOnInvestments
2202000 usd
CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
1283951000 usd
CY2023Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
1363498000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
276202000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
-72861000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease
2092000 usd
kbdc Fair Value Measurement With Unobservable Input Reconciliation Recurring Basis Net Accretion Of Discount On Investments
FairValueMeasurementWithUnobservableInputReconciliationRecurringBasisNetAccretionOfDiscountOnInvestments
5466000 usd
CY2024Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
1574397000 usd
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
1165119000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
178664000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
-63543000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease
-606000 usd
kbdc Fair Value Measurement With Unobservable Input Reconciliation Recurring Basis Net Accretion Of Discount On Investments
FairValueMeasurementWithUnobservableInputReconciliationRecurringBasisNetAccretionOfDiscountOnInvestments
4317000 usd
CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
1283951000 usd
kbdc Debt Total Commitment
DebtTotalCommitment
400000000 usd
us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.0125 pure
CY2023Q4 us-gaap Line Of Credit Facility Unused Capacity Commitment Fee Percentage
LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
0.005 pure
CY2024Q2 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
50000000 usd
kbdc Extension Fee
ExtensionFee
0.00075 pure
CY2024Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
75000000 usd
CY2024Q2 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
748000 usd
CY2024Q2 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
80920000 usd
CY2024Q2 us-gaap Investment Company Senior Security Indebtedness Asset Coverage Ratio
InvestmentCompanySeniorSecurityIndebtednessAssetCoverageRatio
1.50 pure
CY2024Q2 kbdc Debt Instrument Aggregate Principal Committed
DebtInstrumentAggregatePrincipalCommitted
1225000000 usd
CY2024Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
622000000 usd
CY2024Q2 kbdc Amount Available
AmountAvailable
603000000 usd
CY2023Q4 kbdc Debt Instrument Aggregate Principal Committed
DebtInstrumentAggregatePrincipalCommitted
1130000000 usd
CY2023Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
695750000 usd
CY2023Q4 kbdc Amount Available
AmountAvailable
233502000 usd
CY2024Q2 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
6431000 usd
CY2024Q2 us-gaap Interest Expense Other
InterestExpenseOther
12312000 usd
CY2023Q2 us-gaap Interest Expense Other
InterestExpenseOther
12409000 usd
CY2024Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
927000 usd
CY2023Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
593000 usd
CY2024Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
13239000 usd
CY2023Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
13002000 usd
CY2024Q2 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
569341000 usd
CY2023Q2 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
643780000 usd
us-gaap Interest Expense Other
InterestExpenseOther
27071000 usd
us-gaap Interest Expense Other
InterestExpenseOther
23341000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1824000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1184000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
28895000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
24525000 usd
us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
636346000 usd
us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
629398000 usd
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.8
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1
CY2024Q1 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
190607 shares
CY2024Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
3150000 usd
CY2023Q1 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
123593 shares
CY2023Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
2044000 usd
CY2024Q2 kbdc Unfunded Commitments
UnfundedCommitments
178545000 usd
CY2023Q4 kbdc Unfunded Commitments
UnfundedCommitments
147928000 usd
CY2024Q2 kbdc Unfunded Commitments
UnfundedCommitments
178545000 usd
CY2023Q4 kbdc Unfunded Commitments
UnfundedCommitments
147928000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
31180000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
21002000 usd
us-gaap Net Income Loss
NetIncomeLoss
58935000 usd
us-gaap Net Income Loss
NetIncomeLoss
40409000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
67426904 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38905173 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
56386161 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37425525 shares
CY2024Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.46
CY2023Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.54
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.05
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.08
CY2023Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
16.42
CY2022Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
16.5
us-gaap Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
1.03
us-gaap Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
1.1
us-gaap Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
0.03
us-gaap Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
-0.02
us-gaap Investment Company Investment Income Loss From Operations Per Share
InvestmentCompanyInvestmentIncomeLossFromOperationsPerShare
1.06
us-gaap Investment Company Investment Income Loss From Operations Per Share
InvestmentCompanyInvestmentIncomeLossFromOperationsPerShare
1.08
us-gaap Investment Company Distribution To Shareholders Per Share
InvestmentCompanyDistributionToShareholdersPerShare
0.8
us-gaap Investment Company Distribution To Shareholders Per Share
InvestmentCompanyDistributionToShareholdersPerShare
1
kbdc Net Decrease In Net Assets Resulting From Distributions Subtotal
NetDecreaseInNetAssetsResultingFromDistributionsSubtotal
-0.8
kbdc Net Decrease In Net Assets Resulting From Distributions Subtotal
NetDecreaseInNetAssetsResultingFromDistributionsSubtotal
-1
us-gaap Investment Company Issuance Of Shares Per Share
InvestmentCompanyIssuanceOfSharesPerShare
0.11
us-gaap Investment Company Net Asset Value Per Share Period Increase Decrease
InvestmentCompanyNetAssetValuePerSharePeriodIncreaseDecrease
0.11
CY2024Q2 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
16.57
CY2023Q2 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
16.58
CY2024Q2 us-gaap Investment Company Market Value Per Share
InvestmentCompanyMarketValuePerShare
15.95
CY2024Q2 us-gaap Shares Outstanding
SharesOutstanding
71116459 shares
CY2023Q2 us-gaap Shares Outstanding
SharesOutstanding
39013826 shares
CY2024Q2 us-gaap Net Regulatory Assets
NetRegulatoryAssets
1178176000 usd
CY2023Q2 us-gaap Net Regulatory Assets
NetRegulatoryAssets
646926000 usd
kbdc Weightedaverage Shares Outstandingin Shares
WeightedaverageSharesOutstandinginShares
56386161 shares
kbdc Weightedaverage Shares Outstandingin Shares
WeightedaverageSharesOutstandinginShares
37425525 shares
us-gaap Investment Company Total Return
InvestmentCompanyTotalReturn
0.059 pure
us-gaap Investment Company Total Return
InvestmentCompanyTotalReturn
0.066 pure
us-gaap Investment Company Total Return Market Value
InvestmentCompanyTotalReturnMarketValue
-0.017 pure
us-gaap Investment Company Portfolio Turnover
InvestmentCompanyPortfolioTurnover
0.079 pure
us-gaap Investment Company Portfolio Turnover
InvestmentCompanyPortfolioTurnover
0.051 pure
kbdc Ratio Of Operating Expenses To Average Net Assets
RatioOfOperatingExpensesToAverageNetAssets
0.102 pure
kbdc Ratio Of Operating Expenses To Average Net Assets
RatioOfOperatingExpensesToAverageNetAssets
0.119 pure
kbdc Ratio Of Operating Expenses To Average Net Assets With Waiver5
RatioOfOperatingExpensesToAverageNetAssetsWithWaiver5
0.092 pure
kbdc Ratio Of Operating Expenses To Average Net Assets With Waiver5
RatioOfOperatingExpensesToAverageNetAssetsWithWaiver5
0.119 pure
us-gaap Investment Company Investment Income Loss Ratio
InvestmentCompanyInvestmentIncomeLossRatio
0.131 pure
us-gaap Investment Company Investment Income Loss Ratio
InvestmentCompanyInvestmentIncomeLossRatio
0.135 pure
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 kbdc Subscription Credit Agreement
SubscriptionCreditAgreement
usd
CY2024Q2 kbdc Unamortized Subscription Credit Facility Issuance Costs
UnamortizedSubscriptionCreditFacilityIssuanceCosts
usd
CY2023Q4 us-gaap Payable Investment Purchase
PayableInvestmentPurchase
usd
CY2024Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
usd
CY2023Q2 us-gaap Investment Income Dividend
InvestmentIncomeDividend
usd
CY2023Q2 kbdc Investment Company Management Fee Waiver
InvestmentCompanyManagementFeeWaiver
usd
kbdc Investment Company Management Fee Waiver
InvestmentCompanyManagementFeeWaiver
usd
CY2023Q2 kbdc Investment Company Incentive Fee Waiver
InvestmentCompanyIncentiveFeeWaiver
usd
kbdc Investment Company Incentive Fee Waiver
InvestmentCompanyIncentiveFeeWaiver
usd
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
usd
CY2023Q2 kbdc Realized Investment Gains Losses Net
RealizedInvestmentGainsLossesNet
usd
kbdc Realized Investment Gains Losses Net
RealizedInvestmentGainsLossesNet
usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
usd
kbdc Borrowings On Revolving Funding Facility Ii Net
BorrowingsOnRevolvingFundingFacilityIINet
usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
usd
CY2024Q2 kbdc Realized Investment Gains Losse
RealizedInvestmentGainsLosse
usd
CY2024Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
usd
CY2023Q2 kbdc Realized Investment Gains Losse
RealizedInvestmentGainsLosse
usd
CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
usd
kbdc Realized Investment Gains Losse
RealizedInvestmentGainsLosse
usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
usd
kbdc Realized Investment Gains Losse
RealizedInvestmentGainsLosse
usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
usd
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37425525 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38905173 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56386161 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67426904 shares
CY2024Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.46
CY2023Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.54
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.05
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.08
us-gaap Investment Company Issuance Of Shares Per Share
InvestmentCompanyIssuanceOfSharesPerShare
us-gaap Investment Company Net Asset Value Per Share Period Increase Decrease
InvestmentCompanyNetAssetValuePerSharePeriodIncreaseDecrease
CY2023Q2 us-gaap Investment Company Market Value Per Share
InvestmentCompanyMarketValuePerShare
us-gaap Investment Company Total Return Market Value
InvestmentCompanyTotalReturnMarketValue
pure
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0001747172

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