FS Specialty Lending Fund (FSSL)

FS Specialty Lending Fund Cash Flow Statement

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
Net Income	88.1	95.04	-121.18	184.5	205.88	-874.79
Other Amortization	2.07	2.08	3.41	6.1	7.82	7.52
Loss (Gain) From Sale of Assets	-5.59	-4.05	-4.36	-	-	-
Loss (Gain) From Sale of Investments	21.95	65.66	181.55	-126.18	-173.83	943.24
Other Operating Activities	-16.01	-381.12	346.03	474.98	-39.92	364.48
Change in Accounts Receivable	-4.85	-5.3	-13.48	1.39	3.18	-0.16
Change in Accounts Payable	-46	21.1	61.6	-49.5	49.5	-28.52
Change in Other Net Operating Assets	2.61	-0.09	-17.07	2.46	0.77	-12.6
Operating Cash Flow	42.28	-206.67	436.5	493.75	53.4	399.17
Operating Cash Flow Growth	-	-	-11.59%	824.63%	-86.62%	122.54%
Long-Term Debt Issued	-	100	400	29.01	95	229.91
Long-Term Debt Repaid	-	-	-762.75	-41.93	-225	-491
Net Debt Issued (Repaid)	-	100	-362.75	-12.92	-130	-261.09
Repurchase of Common Stock	-	-	-	-	-	-26.82
Common Dividends Paid	-163.71	-147.05	-56.31	-32.92	-31.93	-46.47
Other Financing Activities	-	-	-6.34	-0.14	-0.13	-72.67
Financing Cash Flow	-163.71	-47.05	-425.4	-45.98	-162.06	-407.06
Net Cash Flow	-121.43	-253.72	11.1	447.78	-108.66	-7.88
Cash Interest Paid	33.26	34.05	32.05	50.42	-	69.91
Levered Free Cash Flow	65.09	79.57	93.73	6.37	88.51	27.94
Unlevered Free Cash Flow	85.06	99.93	105.13	35.1	114.51	67.36
Change in Working Capital	-48.25	15.72	31.05	-45.65	53.45	-41.28

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