Blackstone Secured Lending Fund (BXSL)

BXSL Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2024	FY 2023	FY 2023
Period Ending	Dec 31, 2025	Dec 31, 2024	Jun 30, 2024	Dec 31, 2023	Jun 30, 2023
Net Income	563.46	694.1	694.1	611.95	611.95
Depreciation & Amortization	20.92	16	16	14.81	14.81
Other Adjustments	9.55	-93.48	-93.48	-43.65	-43.65
Changes in Accrued Interest and Accounts Receivable	-0.34	-24.96	-24.96	52.27	52.27
Changes in Accounts Payable	-11.41	22.98	22.98	-19	-19
Changes in Accrued Expenses	-4.91	18.29	18.29	20.5	20.5
Changes in Other Operating Activities	-1,036	-3,159	-3,159	-178.07	-178.07
Operating Cash Flow	-458.66	-2,526	-2,526	458.82	458.82
Operating Cash Flow Growth	-	-	-	-	-31.82%
Long-Term Debt Issued	2,844	3,616	3,616	1,440	1,440
Long-Term Debt Repaid	-1,923	-1,451	-1,451	-2,091	-2,091
Net Long-Term Debt Issued (Repaid)	920.48	2,165	2,165	-650.87	-650.87
Issuance of Common Stock	295.45	1,037	1,037	665.26	665.26
Net Common Stock Issued (Repurchased)	295.45	1,037	1,037	665.26	665.26
Common Dividends Paid	-677.98	-583.35	-583.35	-437.97	-437.97
Other Financing Activities	-7.34	-16.65	-16.65	-8.59	-8.59
Financing Cash Flow	530.61	2,602	2,602	-432.16	-432.16
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-11.95	-1.06	-1.06	-3.07	-3.07
Net Cash Flow	71.95	75.81	75.81	26.65	26.65
Free Cash Flow	-458.66	-2,526	-2,526	458.82	458.82
Free Cash Flow Growth	-	-	-	-	-31.82%
FCF Margin	-28.37%	-147.79%	-255.89%	30.47%	54.94%
Free Cash Flow Per Share	-2.00	-12.55	-12.55	2.74	2.74
Levered Free Cash Flow	452.27	-267.74	-267.74	-148.41	-148.41
Unlevered Free Cash Flow	-1,032	-3,127	-3,127	-109.49	-109.49

Updated Feb 25, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q