Morgan Stanley Direct Lending Fund (MSDL)

NYSE: MSDL · Real-Time Price · USD

15.26

+0.09 (0.59%)

Jul 27, 2026, 10:21 AM EDT - Market open

MSDL Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	87.91	122.09	215.56	231.01	48.54	83.26
Depreciation & Amortization	9.15	9.16	7.58	5.8	5.29	2.94
Other Adjustments	49.32	20.11	-23.26	-50.34	65.34	-21.64
Changes in Accrued Interest and Accounts Receivable	-2.78	4.13	-1.67	-7.97	-9.17	-9.46
Changes in Accounts Payable	8.55	-0.2	-0.46	2.59	11.39	4.7
Changes in Accrued Expenses	-9.82	-0.65	3.85	4.7	-0.02	7.97
Changes in Other Operating Activities	60.81	-3.75	-584.11	-269.62	-551.2	-1,729
Operating Cash Flow	203.14	150.9	-382.51	-83.82	-429.84	-1,661
Operating Cash Flow Growth	-	-	-	-	-	-

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Long-Term Debt Issued	1,555	1,552	1,189	408	1,566	1,514
Long-Term Debt Repaid	-1,509	-1,447	-712	-438	-1,285	-598
Net Long-Term Debt Issued (Repaid)	46.35	105.35	477.47	-30	281.33	916
Issuance of Common Stock	-	-0.16	95.89	222.75	254.59	854.61
Repurchase of Common Stock	-47.06	-41.96	-18.06	-	-	-
Net Common Stock Issued (Repurchased)	-47.06	-42.13	77.83	222.75	254.59	854.61
Common Dividends Paid	-174.03	-184.03	-169.08	-110.5	-85.75	-38.22
Other Financing Activities	-8.04	-12.09	-10.02	-9.94	-13.27	-8.21
Financing Cash Flow	-182.95	-132.9	376.19	72.31	436.9	1,724

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Foreign Exchange Rate Adjustments	0.04	0.04	0.01	-	-	-
Net Cash Flow	20.19	18	-6.32	-11.51	7.06	62.89

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Free Cash Flow	203.14	150.9	-382.51	-83.82	-429.84	-1,661
Free Cash Flow Growth	-	-	-	-	-	-
FCF Margin	80.62%	57.77%	-132.60%	-29.13%	-512.06%	-1522.34%
Free Cash Flow Per Share	2.35	1.73	-4.31	-1.13	-6.97	-53.32

SEC Filings: 10-K · 10-Q