Morgan Stanley Direct Lending Fund (MSDL)

NYSE: MSDL · Real-Time Price · USD

13.62

-0.49 (-3.47%)

At close: Nov 6, 2026, 4:00 PM EST

13.95

+0.33 (2.45%)

After-hours: Nov 6, 2026, 7:57 PM EST

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	Sep '26 Sep 30, 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	4.84	122.09	215.56	231.01	48.54	83.26
Other Amortization	10.17	9.16	7.58	5.8	5.29	2.94
Loss (Gain) From Sale of Investments	143.93	38.43	-10.28	-44.27	68.05	-20.46
Other Operating Activities	210.74	-22.01	-596.96	-275.67	-554.14	-1,730
Change in Accounts Receivable	-1.16	4.13	-1.67	-7.97	-9.17	-9.46
Change in Accounts Payable	-0.08	0.06	-2.84	0.78	-2.35	2.57
Change in Other Net Operating Assets	4.2	-0.96	6.1	6.49	13.95	10.02
Operating Cash Flow	372.65	150.9	-382.51	-83.82	-429.84	-1,661
Operating Cash Flow Growth	-	-	-	-	-	-

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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	-	1,552	1,189	408	1,566	1,514
Long-Term Debt Repaid	-	-1,447	-712	-438	-1,285	-598
Net Debt Issued (Repaid)	-123.57	105.35	477.47	-30	281.33	916
Issuance of Common Stock	-	-	95.89	222.75	254.59	854.61
Repurchase of Common Stock	-49.1	-41.96	-18.06	-	-	-
Common Dividends Paid	-162.98	-184.03	-169.08	-98.29	-85.75	-38.22
Other Financing Activities	-9.41	-12.25	-10.02	-9.94	-13.27	-8.21
Financing Cash Flow	-345.06	-132.9	376.19	72.31	436.9	1,724

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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	-0.13	0.04	0.01	-	-	-
Net Cash Flow	27.46	18.04	-6.31	-11.51	7.06	62.89

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Levered Free Cash Flow	157.07	105.3	154.85	150.48	96.81	66.4
Unlevered Free Cash Flow	224.74	178.32	220.99	213.33	131.63	75.98

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Cash Interest Paid	126.57	126.57	112.96	105.28	48.57	14.96
Change in Working Capital	2.96	3.23	1.59	-0.7	2.43	3.14

SEC Filings: 10-K · 10-Q