BlackRock TCP Capital (TCPC) Financials

BlackRock TCP Capital Corp (TCPC) is a publicly traded business development company (BDC) that primarily invests in the debt of middle-market companies. The company’s investment objective is to achieve high current income and capital appreciation through its investment portfolio. TCPC’s income statement provides a snapshot of its financial performance for a specific period. It includes its revenue, expenses, and net income. The company’s EBIT (earnings before interest and taxes) measures its operating profit without considering interest and tax expenses. Meanwhile, EBITDA (earnings before interest, taxes, depreciation, and amortization) provides a measure of TCPC’s profitability before accounting for non-cash expenses. TCPC’s gross profit represents the revenue remaining after deducting the cost of goods sold. This metric gives insight into the company’s ability to generate revenue from its core operations. Net income from stockholders reflects the portion of TCPC’s profit that is attributable to its shareholders. It is calculated by subtracting expenses and taxes from the company’s revenue.

TCPC’s total revenue reflects the total amount of money earned from its operations. This includes interest income from its debt investments and any other sources of revenue. Turning to TCPC’s balance sheet, it provides a snapshot of the company’s financial position at a specific point in time. Cash equivalents represent short-term investments that can be readily converted into cash. Net debt refers to the company’s total debt minus its cash and cash equivalents. Stockholders’ equity represents the residual interest in the company’s assets after deducting its liabilities. Total assets comprise all the resources owned by TCPC, including investments and cash. Total debt represents the company’s outstanding debt obligations. Lastly, total liabilities include all of TCPC’s financial obligations, both short-term and long-term.

TCPC’s cash flow statement provides information about the company’s cash inflows and outflows during a specific period. Financing cash flow reflects the funds received or paid for debt or equity transactions. Free cash flow represents the amount of cash left after deducting capital expenditures from operating cash flow. Investing cash flow reflects the purchase or sale of assets, including investments. Lastly, operating cash flow measures the cash generated from TCPC’s core business operations. These cash flow metrics provide insights into the company’s ability to generate cash and manage its financial obligations.