MS Direct Lending Fund (MSDL)
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[[ session ]] by (Cboe BZX)
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Fiscal Year End Date: 12/31
(Values in U.S. thousands)
| 12-2025 | 09-2025 | 06-2025 | 03-2025 | 12-2024 | |
| Cash Flows From Operating Activities | |||||
| Net Income | 122,094 | 93,367 | 65,766 | 29,670 | 215,564 |
| Depreciation Amortization | 55,714 | 47,768 | 29,121 | 19,181 | -4,207 |
| Other Working Capital | 3,233 | -3,709 | -330 | -3,165 | 1,585 |
| Other Operating Activity | -30,143 | -40,282 | -36,421 | -11,582 | -595,454 |
| Operating Cash Flow | $150,898 | $97,144 | $58,136 | $34,104 | $-382,512 |
| Cash Flows From Investing Activities | |||||
| Investing Cash Flow | $N/A | $N/A | $N/A | $N/A | $N/A |
| Cash Flows From Financing Activities | |||||
| Debt Issued | 1,552,345 | 1,391,345 | 940,345 | 193,000 | 1,189,469 |
| Debt Repayment | -1,447,000 | -1,301,000 | -874,000 | -163,000 | -712,000 |
| Common Stock Issued | -163 | -163 | -123 | 0 | 95,888 |
| Common Stock Repurchased | -41,963 | -32,852 | -30,009 | -9,616 | -18,062 |
| Dividend Paid | -184,032 | -140,627 | -97,145 | -53,137 | -169,083 |
| Other Financing Activity | -12,085 | -11,904 | -8,444 | -4,309 | -10,021 |
| Financing Cash Flow | $-132,898 | $-95,201 | $-69,376 | $-37,062 | $376,191 |
| Exchange Rate Effect | 38 | 133 | 60 | -14 | 12 |
| Beginning Cash Position | 63,396 | 63,396 | 63,396 | 72,372 | 69,705 |
| End Cash Position | 81,434 | 65,472 | 52,216 | 69,400 | 63,396 |
| Net Cash Flow | $18,038 | $2,076 | $-11,180 | $-2,972 | $-6,309 |
| Free Cash Flow | |||||
| Operating Cash Flow | 150,898 | 97,144 | 58,136 | 34,104 | -382,512 |
| Free Cash Flow | 150,898 | 97,144 | 58,136 | 34,104 | -382,512 |