FS Specialty Lending Fund (FSSL)

FS Specialty Lending Fund Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	232.9	202.09	486.06	481.66	33.88	142.54
Cash & Short-Term Investments	232.9	202.09	486.06	481.66	33.88	142.54
Cash Growth	-26.30%	-58.42%	0.91%	1321.69%	-76.23%	-4.82%
Accounts Receivable	40.11	48.61	43.31	29.83	31.22	34.4
Receivables	40.11	48.61	43.31	29.83	31.22	34.4
Prepaid Expenses	-	0.11	0.25	0.1	0.16	0.23
Restricted Cash	2.6	36.95	6.7	-	-	-
Other Current Assets	0.36	0.84	0.04	0.08	-	-
Total Current Assets	275.96	288.6	536.36	511.67	65.25	177.17
Long-Term Investments	1,647	1,843	1,523	2,047	2,395	2,181
Total Assets	1,923	2,131	2,060	2,559	2,460	2,359
Accounts Payable	3.85	82.7	61.6	-	49.5	-
Accrued Expenses	15.87	13.7	13.47	30.66	28.2	27.51
Short-Term Debt	397.54	496.51	394.44	-	-	-
Other Current Liabilities	0.35	34.86	28	14.27	13.39	13.19
Total Current Liabilities	417.61	627.78	497.5	44.92	91.08	40.69
Long-Term Debt	-	-	-	760.11	767.07	889.37
Total Liabilities	417.61	627.78	497.5	805.03	858.15	930.07
Common Stock	0.08	0.46	0.46	0.45	0.45	0.44
Additional Paid-In Capital	3,130	3,130	3,186	3,191	3,129	3,152
Retained Earnings	-1,625	-1,627	-1,624	-1,438	-1,527	-1,724
Shareholders' Equity	1,505	1,503	1,562	1,754	1,602	1,429
Total Liabilities & Equity	1,923	2,131	2,060	2,559	2,460	2,359
Total Debt	397.54	496.51	394.44	760.11	767.07	889.37
Net Cash (Debt)	-164.64	-294.42	91.62	-278.45	-733.19	-746.84
Net Cash Per Share	-2.17	-3.88	1.21	-3.72	-9.91	-10.24
Filing Date Shares Outstanding	75.92	75.92	75.92	75.46	74.59	73.61
Total Common Shares Outstanding	75.92	75.92	75.92	75.24	74.35	73.34
Working Capital	-141.64	-339.18	38.86	466.74	-25.83	136.47
Book Value Per Share	19.82	19.80	20.58	23.31	21.55	19.48
Tangible Book Value	1,505	1,503	1,562	1,754	1,602	1,429
Tangible Book Value Per Share	19.82	19.80	20.58	23.31	21.55	19.48

Source: S&P Global Market Intelligence. Standard template. Financial Sources.