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FS KKR Capital Corp.(FSK), a leading investment firm , has announced its financial results for the first quarter of 2023. The company reported a net income of $199 million, showcasing strong performance in its investment portfolio. Additionally, FS KKR Capital Corp. generated revenue of $456 million during the same period, demonstrating robust growth in its operations.
Net Income Highlights
FS KKR Capital Corp. records a net income of $199 million for the first quarter of 2023.
The company's strong performance in its investment portfolio contributes to the positive financial results.
Net investment income reaches $229 million, indicating solid returns on investments.
Net realized gain (loss) on investments stands at ($30) million, reflecting market volatility.
Net change in unrealized appreciation (depreciation) on investments and foreign currency amounts to $27 million.
Revenue Growth
FS KKR Capital Corp. achieves revenue of $456 million in the first quarter of 2023.
Investment income from non-controlled/unaffiliated investments amounts to $305 million.
The company reports interest income of $23 million from paid-in-kind interest on its investments.
Fee income contributes $5 million to the overall revenue, indicating a diversified income stream.
Dividend and other income from controlled/affiliated investments reach $63 million, showcasing successful partnerships.
Financial Overview
FS KKR Capital Corp.'s total assets as of March 31, 2023, amount to $16.058 billion.
The company's investments, at fair value, stand at $15.277 billion, indicating a strong investment portfolio.
Cash reserves amount to $245 million, providing liquidity for future investments and operations.
Liabilities total $9.075 billion, highlighting the company's responsible financial management.
Stockholders' equity reaches $6.983 billion, demonstrating a solid financial foundation.
The net asset value per share of common stock at the end of the period stands at $24.93.
FS KKR Capital Corp. continues to focus on strategic investments and maintaining a strong financial position. The company's robust net income and revenue growth in the first quarter of 2023 highlight its ability to navigate dynamic market conditions successfully. With a diverse investment portfolio and solid financial foundation, FS KKR Capital Corp. remains well-positioned for future growth and profitability.