Sixth Street Specialty Lending, Inc. (TSLX) Income Statement Analysis

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Complete financial analysis of Sixth Street Specialty Lending, Inc. (TSLX) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Sixth Street Specialty Lending, Inc., a leading company in the Asset Management industry within the Financial Services sector.

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Sixth Street Specialty Lending, Inc. (TSLX)

Industry: Asset Management

Sector: Financial Services

Website: https://www.sixthstreetspecialtylending.com

About Sixth Street Specialty Lending, Inc.

Sixth Street Specialty Lending, Inc. (NYSE: TSLX) is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), unsecured loans, mezzanine debt, and investments in corporate bonds and equity securities and structured products, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, and refinancing. The fund invests in business services, software & technology, healthcare, energy, consumer & retail, manufacturing, industrials, royalty related businesses, education, and specialty finance. It seeks to finance and lending to middle market companies principally located in the United States. The fund invests in companies with enterprise value between $50 million and $1 billion or more and EBITDA between $10 million and $250 million. The transaction size is between $15 million and $350 million. The fund invests across the spectrum of the capital structure and can arrange syndicated transactions of up to $500 million and hold sizeable positions within its credits.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	438.09M	136.49M	223.96M	198.35M	171.37M	135.18M	128.86M	154.04M	84.33M	92.68M	66.46M	40.67M	4.89M
Cost of Revenue	0.00	64.01M	83.46M	65.01M	57.32M	-5.84M	49.70M	46.53M	41.23M	0.00	0.00	0.00	0.00
Gross Profit	438.09M	72.48M	140.50M	133.34M	114.06M	141.02M	79.16M	107.51M	43.10M	92.68M	66.46M	40.67M	4.89M
Gross Profit Ratio	100.00%	53.10%	62.73%	67.23%	66.55%	104.32%	61.43%	69.80%	51.11%	100.00%	100.00%	100.00%	100.00%
Research & Development	0.00	0.34	0.67	0.69	0.62	0.49	0.58	0.72	0.00	0.00	0.00	0.00	0.00
General & Administrative	105.59M	13.36M	13.57M	12.86M	13.04M	12.85M	10.66M	13.22M	13.38M	8.95M	6.41M	4.73M	4.08M
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	105.59M	13.36M	13.57M	12.86M	13.04M	12.85M	10.66M	13.22M	13.38M	8.95M	6.41M	4.73M	4.08M
Other Expenses	0.00	11.90M	-1.77M	1.62M	14.48M	5.78M	5.13M	2.65M	7.42M	-2.46M	-7.14M	-3.70M	-7.00K
Operating Expenses	105.59M	25.26M	11.80M	14.48M	13.04M	12.79M	14.41M	14.81M	19.26M	6.49M	-725.00K	1.03M	4.07M
Cost & Expenses	273.41M	140.78M	11.80M	14.48M	13.04M	18.63M	13.03M	13.75M	17.72M	6.49M	-725.00K	1.03M	4.07M
Interest Income	418.78M	297.64M	266.66M	245.68M	237.14M	249.93M	200.73M	177.79M	164.60M	154.02M	90.38M	49.14M	5.30M
Interest Expense	96.40M	50.66M	40.41M	37.04M	49.11M	42.76M	23.61M	21.10M	15.91M	15.08M	10.47M	6.02M	800.00K
Depreciation & Amortization	0.00	160.49M	53.99M	39.11M	91.95M	91.50M	43.64M	26.40M	-118.81M	-120.70M	-68.17M	-34.10M	0.00
EBITDA	0.00	26.44M	137.06M	0.00	0.00	129.56M	119.07M	140.48M	-60.04M	0.00	0.00	0.00	1.61M
EBITDA Ratio	0.00%	123.77%	94.73%	92.70%	92.39%	117.85%	107.14%	104.08%	96.02%	109.27%	116.84%	112.27%	33.01%
Operating Income	332.50M	168.95M	212.16M	183.87M	158.33M	159.31M	138.05M	160.33M	80.97M	101.27M	77.65M	45.66M	1.61M
Operating Income Ratio	75.90%	123.78%	94.73%	92.70%	92.39%	117.85%	107.14%	104.08%	96.02%	109.27%	116.84%	112.27%	33.01%
Total Other Income/Expenses	-108.66M	175.25M	203.89M	180.37M	-24.74M	53.26M	26.52M	52.81M	-53.74M	-34.50M	-987.00K	5.55M	0.00
Income Before Tax	223.83M	111.24M	212.16M	183.87M	158.33M	122.39M	114.44M	139.23M	65.07M	86.19M	67.18M	39.64M	813.00K
Income Before Tax Ratio	51.09%	81.50%	94.73%	92.70%	92.39%	90.54%	88.82%	90.39%	77.16%	93.00%	101.09%	97.47%	16.64%
Income Tax Expense	1.81M	3.18M	384.00K	5.76M	3.75M	3.38M	2.84M	2.23M	1.50M	1.14M	199.00K	46.00K	0.00
Net Income	222.02M	108.05M	211.78M	178.11M	154.58M	119.02M	111.61M	137.01M	63.57M	85.05M	66.98M	39.60M	813.00K
Net Income Ratio	50.68%	79.16%	94.56%	89.79%	90.20%	88.05%	86.62%	88.94%	75.38%	91.77%	100.79%	97.36%	16.64%
EPS	2.61	1.38	2.93	2.65	2.34	1.86	1.86	2.34	1.18	1.74	1.93	1.14	0.02
EPS Diluted	2.61	1.38	2.79	2.65	2.34	1.82	1.86	2.34	1.18	1.74	1.89	1.14	0.02
Weighted Avg Shares Out	85.13M	78.20M	72.17M	67.21M	66.07M	64.03M	60.00M	58.59M	54.01M	50.51M	34.64M	34.64M	34.64M
Weighted Avg Shares Out (Dil)	85.13M	78.20M	77.70M	67.21M	66.07M	65.41M	60.00M	58.59M	54.01M	50.51M	34.64M	34.64M	34.64M

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