2023 Q1 Form 10-K Financial Statement

#000095017023004871 Filed on February 28, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $25.37M $46.69M $88.44M
YoY Change -39.8% 17.96% -46.44%
Cost Of Revenue $17.87M $17.28M $67.05M
YoY Change 9.49% 4.49% -1.42%
Gross Profit $32.44M $29.41M $114.0M
YoY Change 25.59% 27.62% 17.37%
Gross Profit Margin 127.85% 63.0% 128.85%
Selling, General & Admin $6.375M $5.850M $22.93M
YoY Change 17.64% 23.49% 4.64%
% of Gross Profit 19.65% 19.89% 20.12%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $24.90M $6.392M $92.56M
YoY Change 309.73% 18.26% 277.1%
Operating Profit $7.540M $23.02M $21.39M
YoY Change -61.83% 30.49% -70.52%
Interest Expense -$2.659M -$70.81M -$97.66M
YoY Change -63.6% -573.95% -244.79%
% of Operating Profit -35.27% -307.56% -456.6%
Other Income/Expense, Net
YoY Change
Pretax Income $22.75M -$47.79M -$9.225M
YoY Change 82.74% -246.66% -106.9%
Income Tax $35.44K
% Of Pretax Income 0.16%
Net Earnings $22.71M -$47.79M -$9.225M
YoY Change 82.46% -246.66% -106.9%
Net Earnings / Revenue 89.52% -102.35% -10.43%
Basic Earnings Per Share $0.39 -$0.16
Diluted Earnings Per Share $0.39 -$0.83 -$0.16
COMMON SHARES
Basic Shares Outstanding 57.77M 57.77M 57.77M
Diluted Shares Outstanding 57.77M 57.77M

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $98.79M $82.44M $82.44M
YoY Change 126.31% 321.61% 321.61%
Cash & Equivalents $98.73M $82.44M $82.44M
Short-Term Investments
Other Short-Term Assets $2.588M $2.826M $2.826M
YoY Change -22.21% 6.0% 6.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $101.4M $85.26M $85.26M
YoY Change 115.8% 283.74% 283.74%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.666B $1.610B $1.610B
YoY Change -7.24% -12.58% -12.58%
Other Assets $3.304M $3.597M $3.597M
YoY Change -26.47% -24.85% -24.85%
Total Long-Term Assets $1.691B $1.634B $1.634B
YoY Change -7.16% -12.71% -12.71%
TOTAL ASSETS
Total Short-Term Assets $101.4M $85.26M $85.26M
Total Long-Term Assets $1.691B $1.634B $1.634B
Total Assets $1.793B $1.719B $1.719B
YoY Change -4.07% -9.23% -9.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $5.757M $11.30M $11.30M
YoY Change 17.36% -8.36% -8.36%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $11.37M $22.21M $22.21M
YoY Change 0.65% -53.37% -53.37%
LONG-TERM LIABILITIES
Long-Term Debt $1.023B $944.0M $944.0M
YoY Change -0.51% -6.76% -6.76%
Other Long-Term Liabilities $7.829M $6.382M $6.382M
YoY Change 49.21% 36.24% 36.24%
Total Long-Term Liabilities $1.030B $950.4M $950.4M
YoY Change -0.26% -6.56% -6.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.37M $22.21M $22.21M
Total Long-Term Liabilities $1.030B $950.4M $950.4M
Total Liabilities $1.042B $972.6M $972.6M
YoY Change -0.25% -8.66% -8.66%
SHAREHOLDERS EQUITY
Retained Earnings -$221.2M
YoY Change
Common Stock $967.9M $967.9M
YoY Change 0.15%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $751.0M $746.8M $746.8M
YoY Change
Total Liabilities & Shareholders Equity $1.793B $1.719B $1.719B
YoY Change -4.07% -9.23% -9.23%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $22.71M -$47.79M -$9.225M
YoY Change 82.46% -246.66% -106.9%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$40.42M $35.47M $203.9M
YoY Change -251.48% -206.36% -346.88%
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 $21.37M $70.48M
YoY Change 23.33% 1.67%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 56.77M -58.83M -141.1M
YoY Change -2299.28% -460.59% -271.71%
NET CHANGE
Cash From Operating Activities -40.42M 35.47M 203.9M
Cash From Investing Activities
Cash From Financing Activities 56.77M -58.83M -141.1M
Net Change In Cash 16.35M -23.36M 62.88M
YoY Change -32.14% 37.12% -13941.71%
FREE CASH FLOW
Cash From Operating Activities -$40.42M $35.47M $203.9M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2021 tcpc Increase Decrease In Payable For Investments Purchased
IncreaseDecreaseInPayableForInvestmentsPurchased
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CY2021 tcpc Increase Decrease In Incentive Fees Payable
IncreaseDecreaseInIncentiveFeesPayable
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CY2022 tcpc Increase Decrease In Reimbursements Due To Advisor
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CY2020 us-gaap Increase Decrease In Interest Payable Net
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CY2020 tcpc Increase Decrease In Incentive Fees Payable
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CY2021 us-gaap Increase Decrease In Interest Payable Net
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CY2020 tcpc Increase Decrease In Reimbursements Due To Advisor
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CY2021 tcpc Increase Decrease In Management Fees Payable
IncreaseDecreaseInManagementFeesPayable
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CY2020 tcpc Increase Decrease In Management Fees Payable
IncreaseDecreaseInManagementFeesPayable
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CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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CY2021 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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CY2020 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022 tcpc Distribution Payable Supplemental Cash Flow Information
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CY2021 tcpc Distribution Payable Supplemental Cash Flow Information
DistributionPayableSupplementalCashFlowInformation
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CY2022Q4 us-gaap Investment Owned Percent Of Net Assets
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CY2022Q4 tcpc Cash And Investments Net Of Capitalized Discount
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CY2021Q4 tcpc Investment Owned Percentage Of Cash And Investments
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CY2022 us-gaap Nature Of Operations
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<p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">1. Organization and Nature of Operations</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">BlackRock TCP Capital Corp. (the “Company”), formerly known as TCP Capital Corp., is a Delaware corporation formed on April 2, 2012 as an externally managed, closed-end, non-diversified management investment company. The Company elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). The Company’s investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. The Company invests primarily in the debt of middle-market companies as well as small businesses, including senior secured loans, junior loans, mezzanine debt and bonds. Such investments may include an equity component, and, to a lesser extent, the Company may make equity investments directly. The Company was formed through the conversion on April 2, 2012 of the Company’s predecessor, Special Value Continuation Fund, LLC, from a limited liability company to a corporation in a non-taxable transaction, leaving the Company as the surviving entity. On April 3, 2012, the Company completed its initial public offering.</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:12.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Investment operations are conducted through the Company's wholly-owned subsidiaries, Special Value Continuation Partners LLC, a Delaware limited liability company ("SVCP"), TCPC Funding I, LLC, a Delaware limited liability company (“TCPC Funding”), TCPC Funding II, LLC, a Delaware limited liability company ("TCPC Funding II") and TCPC SBIC, LP, a Delaware limited partnership (the “SBIC”). SVCP was organized as a limited partnership and had elected to be regulated as a BDC under the 1940 Act through July 31, 2018. On August 1, 2018, SVCP withdrew its election to be regulated as a BDC under the 1940 Act and withdrew the registration of its common limited partner interests under Section 12(g) of the Securities Exchange Act of 1934 (the “1934 Act”) and, on August 2, 2018, terminated its general partner, Series H of SVOF/MM, LLC, and converted to a Delaware limited liability company. The SBIC was organized in June 2013, and, on April 22, 2014, received a license from the United States Small Business Administration (the “SBA”) to operate as a small business investment company under the provisions of Section 301(c) of the Small Business Investment Act of 1958. These consolidated financial statements include the accounts of the Company, SVCP, TCPC Funding, TCPC Funding II and the SBIC. All significant intercompany transactions and balances have been eliminated in the consolidation.</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:12.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The Company has elected to be treated as a regulated investment company (“RIC”) for U.S. federal income tax purposes. As a RIC, the Company will not be taxed on its income to the extent that it distributes such income each year and satisfies other applicable income tax requirements. TCPC Funding, TCPC Funding II and the SBIC have elected to be treated as partnerships for U.S. federal income tax purposes. SVCP was treated as a partnership for U.S. federal income tax purposes through August 1, 2018 and upon its conversion to a limited liability company on August 2, 2018 and thereafter is and will be treated as a disregarded entity.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:12.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Series H of SVOF/MM, LLC serves as the administrator of the Company (the “Administrator”). The managing member of SVOF/MM is Tennenbaum Capital Partners, LLC (the “Advisor”), which serves as the investment manager to the Company, TCPC Funding, TCPC Funding II and the SBIC. On August 1, 2018, the Advisor merged with and into a wholly owned subsidiary of BlackRock Capital Investment Advisors, LLC, an indirect wholly owned subsidiary of BlackRock, Inc., with the Advisor as the surviving entity.</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:12.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Company management consists of the Advisor and the Company’s board of directors (the “Board of Directors”). The Advisor directs and executes the day-to-day operations of the Company, subject to oversight from the Board of Directors, which sets the broad policies of the Company. The Board of Directors of the Company has delegated investment management of SVCP’s assets to the Advisor. The Board of Directors consists of seven persons, six of whom are independent.</span></p>
CY2022 us-gaap Use Of Estimates
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<p style="text-indent:0.0%;font-size:10.0pt;margin-top:18.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements, as well the reported amounts of revenues and expenses during the reporting periods presented. Although management believes these estimates and assumptions to be reasonable, actual results could differ from those estimates and such differences could be material.</span></p>
CY2022 tcpc Investment Aggregate Capitalization
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CY2022 tcpc Minimum Aggregate Percentage Of Assets Required For Applicability Of Foregoing Investment Policies
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CY2021Q4 tcpc Percentage Of Foreign Currency Denominated Investments
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CY2021Q4 tcpc Tax Reclassification Of Permanent Differences Attribuatble To Tax Return Of Capital Paid In Capital
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CY2022Q4 tcpc Tax Reclassification Of Permanent Differences Attribuatble To Tax Return Of Capital Accumulated Earnings
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CY2021Q4 tcpc Tax Reclassification Of Permanent Differences Attribuatble To Tax Return Of Capital Accumulated Earnings
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CY2022Q4 us-gaap Investment Company Distributable Earnings Loss Accumulated Ordinary Income Loss
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CY2021Q4 us-gaap Investment Company Distributable Earnings Loss Accumulated Ordinary Income Loss
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CY2021Q4 us-gaap Investment Company Distributable Earnings Loss Accumulated Long Term Capital Gain Loss
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CY2021Q4 tcpc Undistributed Ordinary Income
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CY2021Q4 us-gaap Investment Company Distributable Earnings Loss Accumulated Capital Loss Carryforward
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CY2022Q4 tcpc Net Unrealized Gains Losses
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CY2021Q4 tcpc Net Unrealized Gains Losses
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CY2021Q4 us-gaap Investment Company Distributable Earnings
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CY2022Q4 us-gaap Tax Basis Of Investments Cost For Income Tax Purposes
TaxBasisOfInvestmentsCostForIncomeTaxPurposes
1656032096
CY2021Q4 us-gaap Tax Basis Of Investments Cost For Income Tax Purposes
TaxBasisOfInvestmentsCostForIncomeTaxPurposes
1818611255
CY2022Q4 us-gaap Tax Basis Of Investments Gross Unrealized Appreciation
TaxBasisOfInvestmentsGrossUnrealizedAppreciation
100832690
CY2021Q4 us-gaap Tax Basis Of Investments Gross Unrealized Appreciation
TaxBasisOfInvestmentsGrossUnrealizedAppreciation
118437592
CY2022Q4 us-gaap Tax Basis Of Investments Gross Unrealized Depreciation
TaxBasisOfInvestmentsGrossUnrealizedDepreciation
147277145
CY2021Q4 us-gaap Tax Basis Of Investments Gross Unrealized Depreciation
TaxBasisOfInvestmentsGrossUnrealizedDepreciation
95910725
CY2022Q4 us-gaap Tax Basis Of Investments Unrealized Appreciation Depreciation Net
TaxBasisOfInvestmentsUnrealizedAppreciationDepreciationNet
46444455
CY2021Q4 us-gaap Tax Basis Of Investments Unrealized Appreciation Depreciation Net
TaxBasisOfInvestmentsUnrealizedAppreciationDepreciationNet
22526867
CY2022 us-gaap Interest Income Operating
InterestIncomeOperating
72447054
CY2022 us-gaap Interest Income Foreign Deposits
InterestIncomeForeignDeposits
62597226
CY2022Q4 us-gaap Change In Accounting Principle Accounting Standards Update Adopted
ChangeInAccountingPrincipleAccountingStandardsUpdateAdopted
true
CY2022Q4 us-gaap Change In Accounting Principle Accounting Standards Update Adoption Date
ChangeInAccountingPrincipleAccountingStandardsUpdateAdoptionDate
2022-01-01
CY2022Q4 us-gaap Change In Accounting Principle Accounting Standards Update Immaterial Effect
ChangeInAccountingPrincipleAccountingStandardsUpdateImmaterialEffect
true
CY2022 tcpc Management Fees Incentive Fees And Other Expenses
ManagementFeesIncentiveFeesAndOtherExpenses
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:18.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">3. Management Fees, Incentive Fees and Other Expenses</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">On February 8, 2019, the stockholders of the Company approved an amended investment management agreement to be effective on February 9, 2019 between the Company and the Advisor which (i) reduced the management fee on total assets (excluding cash and cash equivalents) that exceed an amount equal to </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">200</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">% of the net asset value of the Company from </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">1.5</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">% to </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">1.0</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">%, (ii) reduced the incentive compensation on net investment income and net realized gains (reduced by any net unrealized losses) from </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">20</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">% to </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">17.5</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">% and (iii) reduced the cumulative total return hurdle from </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">8</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">% to </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">7</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">%.</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:12.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Accordingly, the Company’s management fee is calculated at an annual rate of </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">1.5</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">% on total assets (excluding cash and cash equivalents) up to an amount equal to </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">200</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">% of the net asset value of the Company, and </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">1.0</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">% thereafter. The management fee is calculated on a consolidated basis as of the beginning of each quarter and is payable to the Advisor quarterly in arrears.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:12.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Incentive compensation is only incurred to the extent the Company’s cumulative total return (after incentive compensation) exceeds a </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">7</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">% annual rate on daily weighted-average contributed common equity. Subject to that limitation, incentive compensation is calculated on ordinary income (before incentive compensation) and net realized gains (net of any unrealized depreciation) at rates of </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">17.5</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">% on income since the fee reduction on February 8, 2019 and </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">20</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">% previously. Incentive compensation is computed as the difference between incentive compensation earned and incentive compensation paid, subject to the total return hurdle, on a cumulative basis since January 1, 2013, and is payable quarterly in arrears. Accordingly, the incentive compensation for any period may include amounts not earned in prior periods (due to the Company’s cumulative total return falling below the total return hurdle in such period), but subsequently earned when the Company’s cumulative total return again exceeds the total return hurdle (such amount, a “Catchup Amount”). During the three months ended June 30, 2020, the Company incurred a Catchup Amount of approximately $</span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">3.9</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> million, comprised of amounts related to net investment income for the three months ended March 31, 2020 but not paid in such period due to a temporary decline in asset valuations (the “First Quarter Catchup Amount”). However, rather than receiving all incentive compensation earned as of June 30, 2020, the Advisor voluntarily deferred 5/6 of the First Quarter Catchup Amount to subsequent quarters such that 1/6 of the First Quarter Catchup Amount was paid in each subsequent quarter as the Company’s cumulative performance exceeded the total return hurdle in such quarter. As of December 31, 2021, the Company's cumulative performance continued to exceed the total return hurdle, and as such the incentive fee for the year ended December 31, 2021 included $</span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">1.9</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> million, or the final (3/6) of the 2020 First Quarter Catchup Amount.</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:12.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">A reserve for incentive compensation is accrued based on the amount of any additional incentive compensation that would have been payable to the Advisor assuming a hypothetical liquidation of the Company at net asset value on the balance sheet date. As of December 31, 2022</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> and December 31, 2021, </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">no</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> such reserve was accrued.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:12.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The Company bears all expenses incurred in connection with its business, including fees and expenses of outside contracted services, such as custodian, administrative, legal, audit and tax preparation fees, costs of valuing investments, insurance costs, brokers’ and finders’ fees relating to investments, and any other transaction costs associated with the purchase and sale of investments.</span></p>
tcpc Percentage Of Management Fee On Assets
PercentageOfManagementFeeOnAssets
2
tcpc Percentage Of Management Fee On Net Asset Value
PercentageOfManagementFeeOnNetAssetValue
0.015
tcpc Percentage Of Management Fee On Assets
PercentageOfManagementFeeOnAssets
2
CY2022 tcpc Percentage Of Increase In Cumulative Total Return Of Incentive Compensation
PercentageOfIncreaseInCumulativeTotalReturnOfIncentiveCompensation
0.07
CY2020Q2 us-gaap Investment Income Net
InvestmentIncomeNet
3900000
CY2021 tcpc Incentive Fee Expense Catchup Amount
IncentiveFeeExpenseCatchupAmount
1900000
CY2022Q4 tcpc Accrued Reserve For Additional Incentive Compensation
AccruedReserveForAdditionalIncentiveCompensation
0
CY2021Q4 tcpc Accrued Reserve For Additional Incentive Compensation
AccruedReserveForAdditionalIncentiveCompensation
0
CY2022Q4 us-gaap Line Of Credit
LineOfCredit
949062241
CY2022Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
286110020
CY2022Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
1235172261
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
-5056427
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
944005814
CY2021Q4 us-gaap Line Of Credit
LineOfCredit
1019339450
CY2021Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
355520456
CY2021Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
1374859906
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
-6878110
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
1012461340
CY2022Q4 tcpc Combined Weighted Average Interest Rate
CombinedWeightedAverageInterestRate
0.0390
CY2021Q4 tcpc Combined Weighted Average Interest Rate
CombinedWeightedAverageInterestRate
0.0326
CY2022 us-gaap Interest Expense Debt
InterestExpenseDebt
35516749
CY2021 us-gaap Interest Expense Debt
InterestExpenseDebt
35714645
CY2020 us-gaap Interest Expense Debt
InterestExpenseDebt
36488786
CY2022 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
3011599
CY2021 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
3703342
CY2020 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
3504578
CY2022 us-gaap Debt Instrument Unused Borrowing Capacity Fee
DebtInstrumentUnusedBorrowingCapacityFee
830548
CY2021 us-gaap Debt Instrument Unused Borrowing Capacity Fee
DebtInstrumentUnusedBorrowingCapacityFee
1570773
CY2020 us-gaap Debt Instrument Unused Borrowing Capacity Fee
DebtInstrumentUnusedBorrowingCapacityFee
1243671
CY2022 tcpc Debt Expense
DebtExpense
39358896
CY2021 tcpc Debt Expense
DebtExpense
40988760
CY2020 tcpc Debt Expense
DebtExpense
41237035
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
3300000
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
3200000
CY2022Q4 tcpc Unfunded Balances
UnfundedBalances
127137393
CY2021Q4 tcpc Unfunded Balances
UnfundedBalances
132409861
CY2022Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
0
CY2021Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
0
CY2022Q4 tcpc Reimbursements Due To Advisor
ReimbursementsDueToAdvisor
1500000
CY2021Q4 tcpc Reimbursements Due To Advisor
ReimbursementsDueToAdvisor
900000
CY2022 tcpc Expenses Allocated To Administration Agreement
ExpensesAllocatedToAdministrationAgreement
1800000
CY2021 tcpc Expenses Allocated To Administration Agreement
ExpensesAllocatedToAdministrationAgreement
1900000
CY2020 tcpc Expenses Allocated To Administration Agreement
ExpensesAllocatedToAdministrationAgreement
2200000
CY2022Q1 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2022-02-24
CY2022Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2022-03-17
CY2022Q1 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2022-03-31
CY2022Q1 us-gaap Dividends Payable Nature
DividendsPayableNature
Regular
CY2022Q1 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.30
CY2022Q1 us-gaap Investment Company Dividend Distribution
InvestmentCompanyDividendDistribution
17330179
CY2022Q2 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2022-05-04
CY2022Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2022-06-16
CY2022Q2 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2022-06-30
CY2022Q2 us-gaap Dividends Payable Nature
DividendsPayableNature
Regular
CY2022Q2 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.30
CY2022Q2 us-gaap Investment Company Dividend Distribution
InvestmentCompanyDividendDistribution
17330179
CY2022Q3 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2022-08-03
CY2022Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2022-09-16
CY2022Q3 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2022-09-30
CY2022Q3 us-gaap Dividends Payable Nature
DividendsPayableNature
Regular
CY2022Q3 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.30
CY2022Q3 us-gaap Investment Company Dividend Distribution
InvestmentCompanyDividendDistribution
17330179
CY2022Q4 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2022-11-03
CY2022Q4 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2022-12-16
CY2022Q4 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2022-12-30
CY2022Q4 us-gaap Dividends Payable Nature
DividendsPayableNature
Regular
CY2022Q4 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.32
CY2022Q4 us-gaap Investment Company Dividend Distribution
InvestmentCompanyDividendDistribution
18485525
CY2022Q4 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2022-12-15
CY2022Q4 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2022-12-29
CY2022Q4 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2023-01-12
CY2022Q4 us-gaap Dividends Payable Nature
DividendsPayableNature
Special
CY2022Q4 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.05
CY2022Q4 us-gaap Investment Company Dividend Distribution
InvestmentCompanyDividendDistribution
2888363
CY2022Q4 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
1.27
CY2022 us-gaap Investment Company Dividend Distribution
InvestmentCompanyDividendDistribution
73364425
CY2021Q1 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2021-02-25
CY2021Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-03-17
CY2021Q1 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2021-03-31
CY2021Q1 us-gaap Dividends Payable Nature
DividendsPayableNature
Regular
CY2021Q1 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.30
CY2021Q1 us-gaap Investment Company Dividend Distribution
InvestmentCompanyDividendDistribution
17330179
CY2021Q2 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2021-05-05
CY2021Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-06-16
CY2021Q2 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2021-06-30
CY2021Q2 us-gaap Dividends Payable Nature
DividendsPayableNature
Regular
CY2021Q2 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.30
CY2021Q2 us-gaap Investment Company Dividend Distribution
InvestmentCompanyDividendDistribution
17330179
CY2021Q3 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2021-08-02
CY2021Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-09-16
CY2021Q3 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2021-09-30
CY2021Q3 us-gaap Dividends Payable Nature
DividendsPayableNature
Regular
CY2021Q3 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.30
CY2021Q3 us-gaap Investment Company Dividend Distribution
InvestmentCompanyDividendDistribution
17330179
CY2021Q4 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2021-11-03
CY2021Q4 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-12-17
CY2021Q4 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2021-12-31
CY2021Q4 us-gaap Dividends Payable Nature
DividendsPayableNature
Regular
CY2021Q4 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.30
CY2021Q4 us-gaap Investment Company Dividend Distribution
InvestmentCompanyDividendDistribution
17330179
CY2021Q4 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
1.20
CY2021 us-gaap Investment Company Dividend Distribution
InvestmentCompanyDividendDistribution
69320716
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-9225332
CY2021 us-gaap Net Income Loss
NetIncomeLoss
133790774
CY2020 us-gaap Net Income Loss
NetIncomeLoss
71374488
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57767264
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57767264
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57991233
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.16
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.32
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.23
CY2021Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
14.36
CY2020Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
13.24
CY2019Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
13.21
CY2018Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
14.13
CY2017Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
14.80
CY2022 tcpc Net Investment Income Before Income Taxes Per Share
NetInvestmentIncomeBeforeIncomeTaxesPerShare
1.53
CY2021 tcpc Net Investment Income Before Income Taxes Per Share
NetInvestmentIncomeBeforeIncomeTaxesPerShare
1.26
CY2020 tcpc Net Investment Income Before Income Taxes Per Share
NetInvestmentIncomeBeforeIncomeTaxesPerShare
1.43
CY2019 tcpc Net Investment Income Before Income Taxes Per Share
NetInvestmentIncomeBeforeIncomeTaxesPerShare
1.61
CY2018 tcpc Net Investment Income Before Income Taxes Per Share
NetInvestmentIncomeBeforeIncomeTaxesPerShare
1.59
CY2022 tcpc Investment Company Excise Taxes Per Share
InvestmentCompanyExciseTaxesPerShare
0
CY2021 tcpc Investment Company Excise Taxes Per Share
InvestmentCompanyExciseTaxesPerShare
0
CY2020 tcpc Investment Company Excise Taxes Per Share
InvestmentCompanyExciseTaxesPerShare
0
CY2019 tcpc Investment Company Excise Taxes Per Share
InvestmentCompanyExciseTaxesPerShare
0
CY2018 tcpc Investment Company Excise Taxes Per Share
InvestmentCompanyExciseTaxesPerShare
0.00
CY2022 tcpc Net Investment Income Per Share
NetInvestmentIncomePerShare
1.53
CY2021 tcpc Net Investment Income Per Share
NetInvestmentIncomePerShare
1.26
CY2020 tcpc Net Investment Income Per Share
NetInvestmentIncomePerShare
1.43
CY2019 tcpc Net Investment Income Per Share
NetInvestmentIncomePerShare
1.61
CY2018 tcpc Net Investment Income Per Share
NetInvestmentIncomePerShare
1.59
CY2020 tcpc Total Return Based On Net Asset Value
TotalReturnBasedOnNetAssetValue
0.102
CY2022 us-gaap Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
-1.69
CY2021 us-gaap Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
1.17
CY2020 us-gaap Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
-0.16
CY2019 us-gaap Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
-1.09
CY2018 us-gaap Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
-0.82
CY2022 tcpc Total From Investment Operations
TotalFromInvestmentOperations
-0.16
CY2021 tcpc Total From Investment Operations
TotalFromInvestmentOperations
2.43
CY2020 tcpc Total From Investment Operations
TotalFromInvestmentOperations
1.27
CY2019 tcpc Total From Investment Operations
TotalFromInvestmentOperations
0.52
CY2018 tcpc Total From Investment Operations
TotalFromInvestmentOperations
0.77
CY2022 us-gaap-supplement Investment Company Repurchase Of Shares Per Share
InvestmentCompanyRepurchaseOfSharesPerShare
0
CY2021 us-gaap-supplement Investment Company Repurchase Of Shares Per Share
InvestmentCompanyRepurchaseOfSharesPerShare
0
CY2020 us-gaap-supplement Investment Company Repurchase Of Shares Per Share
InvestmentCompanyRepurchaseOfSharesPerShare
0.12
CY2019 us-gaap-supplement Investment Company Repurchase Of Shares Per Share
InvestmentCompanyRepurchaseOfSharesPerShare
0
CY2018 us-gaap-supplement Investment Company Repurchase Of Shares Per Share
InvestmentCompanyRepurchaseOfSharesPerShare
0
CY2022 us-gaap Extinguishment Of Debt Gain Loss Per Share Net Of Tax
ExtinguishmentOfDebtGainLossPerShareNetOfTax
0
CY2021 us-gaap Extinguishment Of Debt Gain Loss Per Share Net Of Tax
ExtinguishmentOfDebtGainLossPerShareNetOfTax
-0.11
CY2020 us-gaap Extinguishment Of Debt Gain Loss Per Share Net Of Tax
ExtinguishmentOfDebtGainLossPerShareNetOfTax
-0.04
CY2019 us-gaap Extinguishment Of Debt Gain Loss Per Share Net Of Tax
ExtinguishmentOfDebtGainLossPerShareNetOfTax
0
CY2018 us-gaap Extinguishment Of Debt Gain Loss Per Share Net Of Tax
ExtinguishmentOfDebtGainLossPerShareNetOfTax
0
CY2022 tcpc Ordinary Income Dividends Per Share
OrdinaryIncomeDividendsPerShare
-1.27
CY2021 tcpc Ordinary Income Dividends Per Share
OrdinaryIncomeDividendsPerShare
-1.20
CY2020 tcpc Ordinary Income Dividends Per Share
OrdinaryIncomeDividendsPerShare
-1.13
CY2019 tcpc Ordinary Income Dividends Per Share
OrdinaryIncomeDividendsPerShare
-1.40
CY2018 tcpc Ordinary Income Dividends Per Share
OrdinaryIncomeDividendsPerShare
-1.44
CY2022 us-gaap Investment Company Tax Return Of Capital Distribution Per Share
InvestmentCompanyTaxReturnOfCapitalDistributionPerShare
0
CY2021 us-gaap Investment Company Tax Return Of Capital Distribution Per Share
InvestmentCompanyTaxReturnOfCapitalDistributionPerShare
0
CY2020 us-gaap Investment Company Tax Return Of Capital Distribution Per Share
InvestmentCompanyTaxReturnOfCapitalDistributionPerShare
0.19
CY2019 us-gaap Investment Company Tax Return Of Capital Distribution Per Share
InvestmentCompanyTaxReturnOfCapitalDistributionPerShare
0.04
CY2018 us-gaap Investment Company Tax Return Of Capital Distribution Per Share
InvestmentCompanyTaxReturnOfCapitalDistributionPerShare
0
CY2022 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.27
CY2021 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.20
CY2020 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.32
CY2019 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.44
CY2018 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.44
CY2022Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
12.93
CY2021Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
14.36
CY2020Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
13.24
CY2019Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
13.21
CY2018Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
14.13
CY2022 tcpc Per Share Market Price At End Of Period
PerShareMarketPriceAtEndOfPeriod
12.94
CY2021 tcpc Per Share Market Price At End Of Period
PerShareMarketPriceAtEndOfPeriod
13.51
CY2020 tcpc Per Share Market Price At End Of Period
PerShareMarketPriceAtEndOfPeriod
11.24
CY2019 tcpc Per Share Market Price At End Of Period
PerShareMarketPriceAtEndOfPeriod
14.05
CY2018 tcpc Per Share Market Price At End Of Period
PerShareMarketPriceAtEndOfPeriod
13.04
CY2022 tcpc Total Return Based On Market Value
TotalReturnBasedOnMarketValue
0.052
CY2021 tcpc Total Return Based On Market Value
TotalReturnBasedOnMarketValue
0.309
CY2020 tcpc Total Return Based On Market Value
TotalReturnBasedOnMarketValue
-0.106
CY2019 tcpc Total Return Based On Market Value
TotalReturnBasedOnMarketValue
0.188
CY2018 tcpc Total Return Based On Market Value
TotalReturnBasedOnMarketValue
-0.052
CY2022 tcpc Total Return Based On Net Asset Value
TotalReturnBasedOnNetAssetValue
-0.011
CY2021 tcpc Total Return Based On Net Asset Value
TotalReturnBasedOnNetAssetValue
0.175
CY2019 tcpc Total Return Based On Net Asset Value
TotalReturnBasedOnNetAssetValue
0.037
CY2018 tcpc Total Return Based On Net Asset Value
TotalReturnBasedOnNetAssetValue
0.052
CY2022Q4 us-gaap Shares Outstanding
SharesOutstanding
57767264
CY2021Q4 us-gaap Shares Outstanding
SharesOutstanding
57767264
CY2020Q4 us-gaap Shares Outstanding
SharesOutstanding
57767264
CY2019Q4 us-gaap Shares Outstanding
SharesOutstanding
58766426
CY2018Q4 us-gaap Shares Outstanding
SharesOutstanding
58774607
CY2022 tcpc Percentage Of Net Investment Income
PercentageOfNetInvestmentIncome
0.108
CY2021 tcpc Percentage Of Net Investment Income
PercentageOfNetInvestmentIncome
0.090
CY2020 tcpc Percentage Of Net Investment Income
PercentageOfNetInvestmentIncome
0.113
CY2019 tcpc Percentage Of Net Investment Income
PercentageOfNetInvestmentIncome
0.116
CY2018 tcpc Percentage Of Net Investment Income
PercentageOfNetInvestmentIncome
0.108
CY2022 tcpc Expenses Before Incentive Fee
ExpensesBeforeIncentiveFee
0.090
CY2021 tcpc Expenses Before Incentive Fee
ExpensesBeforeIncentiveFee
0.093
CY2020 tcpc Expenses Before Incentive Fee
ExpensesBeforeIncentiveFee
0.100
CY2019 tcpc Expenses Before Incentive Fee
ExpensesBeforeIncentiveFee
0.098
CY2018 tcpc Expenses Before Incentive Fee
ExpensesBeforeIncentiveFee
0.085
CY2022 tcpc Expenses And Incentive Fee
ExpensesAndIncentiveFee
0.113
CY2021 tcpc Expenses And Incentive Fee
ExpensesAndIncentiveFee
0.115
CY2020 tcpc Expenses And Incentive Fee
ExpensesAndIncentiveFee
0.121
CY2019 tcpc Expenses And Incentive Fee
ExpensesAndIncentiveFee
0.123
CY2018 tcpc Expenses And Incentive Fee
ExpensesAndIncentiveFee
0.112
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
746753790
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
829456636
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
764986578
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
776318386
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
830474727
CY2022 tcpc Portfolio Turnover Rate
PortfolioTurnoverRate
0.194
CY2021 tcpc Portfolio Turnover Rate
PortfolioTurnoverRate
0.356
CY2020 tcpc Portfolio Turnover Rate
PortfolioTurnoverRate
0.283
CY2019 tcpc Portfolio Turnover Rate
PortfolioTurnoverRate
0.359
CY2018 tcpc Portfolio Turnover Rate
PortfolioTurnoverRate
0.323
CY2022 us-gaap Long Term Debt Average Amount Outstanding
LongTermDebtAverageAmountOutstanding
1023880532
CY2021 us-gaap Long Term Debt Average Amount Outstanding
LongTermDebtAverageAmountOutstanding
985506056
CY2020 us-gaap Long Term Debt Average Amount Outstanding
LongTermDebtAverageAmountOutstanding
936157021
CY2019 us-gaap Long Term Debt Average Amount Outstanding
LongTermDebtAverageAmountOutstanding
902977493
CY2018 us-gaap Long Term Debt Average Amount Outstanding
LongTermDebtAverageAmountOutstanding
769065775
CY2022Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.035
CY2021Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.036
CY2020Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.039
CY2019Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.046
CY2018Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.046
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57767264
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57767264
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57991233
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
58766362
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
58815216
CY2022 tcpc Weighted Average Debt Per Share
WeightedAverageDebtPerShare
17.72
CY2021 tcpc Weighted Average Debt Per Share
WeightedAverageDebtPerShare
17.06
CY2020 tcpc Weighted Average Debt Per Share
WeightedAverageDebtPerShare
16.14
CY2019 tcpc Weighted Average Debt Per Share
WeightedAverageDebtPerShare
15.37
CY2018 tcpc Weighted Average Debt Per Share
WeightedAverageDebtPerShare
13.08
CY2018Q4 tcpc Line Of Credit Outstanding Amount
LineOfCreditOutstandingAmount
812007389
CY2022Q4 tcpc Asset Coverage Ratio Indebtedness Is Multiplied
AssetCoverageRatioIndebtednessIsMultiplied
1000
CY2022Q4 tcpc Debt Outstanding Asset Coverage Amount
DebtOutstandingAssetCoverageAmount
1929
CY2021Q4 tcpc Debt Outstanding Asset Coverage Amount
DebtOutstandingAssetCoverageAmount
1948
CY2020Q4 tcpc Debt Outstanding Asset Coverage Amount
DebtOutstandingAssetCoverageAmount
2058
CY2019Q4 tcpc Debt Outstanding Asset Coverage Amount
DebtOutstandingAssetCoverageAmount
1992
CY2022 us-gaap Investment Company Tax Return Of Capital Distribution
InvestmentCompanyTaxReturnOfCapitalDistribution
0
CY2022 us-gaap Investment Company Tax Return Of Capital Distribution Per Share
InvestmentCompanyTaxReturnOfCapitalDistributionPerShare
0.00
CY2019 us-gaap Investment Company Tax Return Of Capital Distribution Per Share
InvestmentCompanyTaxReturnOfCapitalDistributionPerShare
0.04
CY2021 us-gaap Investment Company Tax Return Of Capital Distribution
InvestmentCompanyTaxReturnOfCapitalDistribution
13563291
CY2021 us-gaap Investment Company Tax Return Of Capital Distribution Per Share
InvestmentCompanyTaxReturnOfCapitalDistributionPerShare
0.23
CY2020 us-gaap Investment Company Tax Return Of Capital Distribution
InvestmentCompanyTaxReturnOfCapitalDistribution
11313222
CY2020 us-gaap Investment Company Tax Return Of Capital Distribution Per Share
InvestmentCompanyTaxReturnOfCapitalDistributionPerShare
0.19
CY2022Q4 tcpc Line Of Credit Outstanding Amount
LineOfCreditOutstandingAmount
949062241
CY2021Q4 tcpc Line Of Credit Outstanding Amount
LineOfCreditOutstandingAmount
1019339449
CY2020Q4 tcpc Line Of Credit Outstanding Amount
LineOfCreditOutstandingAmount
856324371
CY2019Q4 tcpc Line Of Credit Outstanding Amount
LineOfCreditOutstandingAmount
915514071
CY2019 us-gaap Investment Company Tax Return Of Capital Distribution
InvestmentCompanyTaxReturnOfCapitalDistribution
2486618
CY2018Q4 tcpc Debt Outstanding Asset Coverage Amount
DebtOutstandingAssetCoverageAmount
2157
CY2018 us-gaap Investment Company Tax Return Of Capital Distribution
InvestmentCompanyTaxReturnOfCapitalDistribution
0
CY2018 us-gaap Investment Company Tax Return Of Capital Distribution Per Share
InvestmentCompanyTaxReturnOfCapitalDistributionPerShare
0.00

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