TSLX Income Statement - TTM - Sixth Street Specialty Lending, Inc.

Income Statement (TTM)

Sixth Street Specialty Lending, Inc. Income Statement shows changes in income and expenses over a period of time. Income Statement data includes Sales and Revenue, Gross Profit, Research and Development (R&D), Selling, General and Administrative Expense (SG&A), Operating Income, Income Tax Expense, Interest Expense, Non-Operating Income, Earnings per Share (EPS), and Shares Outstanding.

All numbers are times 1,000,000 except per share units.

	2020 09-30	2020 12-31	2021 03-31	2021 06-30	2021 09-30	2021 12-31	2022 03-31	2022 06-30	2022 09-30	2022 12-31	2023 03-31	2023 06-30	2023 09-30	2023 12-31	2024 03-31	2024 06-30	2024 09-30	2024 12-31	2025 03-31	2025 06-30
Revenue	274	270	270	263	262	279	280	281	287	309	338	382	419	438	459	474	478	483	481	474
Change (%)		-1.57	-0.01	-2.74	-0.04	6.14	0.43	0.38	2.36	7.59	9.40	12.92	9.58	4.63	4.86	3.09	1.01	0.87	-0.30	-1.41
% of Revenue	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00

Cost Of Sales
Change (%)
% of Revenue

Gross Operating Profit	274	270	270	263	262	279	280	281	287	309	338	382	419	438	459	474	478	483	481	474
Change (%)		-1.57	-0.01	-2.74	-0.04	6.14	0.43	0.38	2.36	7.59	9.40	12.92	9.58	4.63	4.86	3.09	1.01	0.87	-0.30	-1.41
% of Revenue	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00

SG&A	77	78	84	89	94	97	94	80	76	77	80	95	103	106	106	107	103	104	103	106
Change (%)		1.34	7.49	6.18	5.58	3.41	-2.84	-15.63	-4.17	1.50	3.75	18.84	7.85	2.64	0.82	0.69	-3.57	1.02	-1.43	2.94
% of Revenue	28.01	28.84	31.00	33.84	35.75	34.83	33.69	28.32	26.51	25.01	23.72	24.97	24.57	24.10	23.18	22.64	21.61	21.64	21.40	22.34

R&D
Change (%)
% of Revenue

OpEx	77	78	84	89	94	97	94	80	76	77	80	95	103	106	106	107	103	104	103	106
Change (%)		1.34	7.49	6.18	5.58	3.41	-2.84	-15.63	-4.17	1.50	3.75	18.84	7.85	2.64	0.82	0.69	-3.57	1.02	-1.43	2.94
% of Revenue	28.01	28.84	31.00	33.84	35.75	34.83	33.69	28.32	26.51	25.01	23.72	24.97	24.57	24.10	23.18	22.64	21.61	21.64	21.40	22.34

Operating Income	198	192	186	174	169	182	186	201	211	232	258	287	316	332	353	366	375	378	378	368
Change (%)		-2.71	-3.05	-6.75	-2.92	7.65	2.17	8.51	4.95	9.79	11.28	11.08	10.15	5.28	6.14	3.82	2.35	0.83	0.01	-2.60
% of Revenue	71.99	71.16	69.00	66.16	64.25	65.17	66.31	71.68	73.49	74.99	76.28	75.03	75.43	75.90	76.82	77.36	78.39	78.36	78.60	77.66

Interest Expense	-38	-33	-40	-42	-43	-46	-47	-49	-57	-67	-83	-102	-118	-134	-144	-151	-155	-154	-148	-142
Change (%)		-14.34	21.58	5.81	3.48	4.73	3.89	4.17	15.90	18.19	23.28	22.70	15.53	13.25	8.07	4.67	2.28	-0.24	-3.93	-3.77
% of Revenue	-13.89	-12.09	-14.70	-16.00	-16.56	-16.34	-16.90	-17.54	-19.86	-21.82	-24.59	-26.72	-28.17	-30.49	-31.42	-31.90	-32.30	-31.95	-30.78	-30.04

Net Income	162	178	288	250	223	212	196	124	104	108	120	187	217	222	217	211	187	187	176	188
Change (%)		9.72	61.62	-13.03	-10.75	-5.22	-7.44	-36.67	-16.53	4.29	11.17	55.46	16.27	2.26	-2.45	-2.63	-11.46	-0.09	-5.66	6.59
% of Revenue	59.17	65.96	106.61	95.33	85.12	76.02	70.06	44.20	36.04	34.93	35.50	48.87	51.86	50.68	47.15	44.53	39.04	38.66	36.58	39.55

Source: Capital IQ

Sixth Street Specialty Lending, Inc. - Income Statement (TTM)

Income Statement (TTM)