BlackRock TCP Capital Corp
F:8TC
Income Statement
Earnings Waterfall
BlackRock TCP Capital Corp
Income Statement
BlackRock TCP Capital Corp
| Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue |
55
N/A
|
49
-11%
|
43
-13%
|
44
+4%
|
52
+18%
|
57
+10%
|
61
+6%
|
66
+9%
|
70
+6%
|
75
+8%
|
86
+13%
|
95
+12%
|
107
+12%
|
117
+10%
|
131
+12%
|
139
+6%
|
147
+5%
|
149
+1%
|
145
-2%
|
148
+2%
|
148
0%
|
153
+3%
|
164
+7%
|
168
+3%
|
176
+5%
|
181
+3%
|
183
+1%
|
189
+3%
|
191
+1%
|
194
+2%
|
194
0%
|
196
+1%
|
195
0%
|
189
-3%
|
186
-2%
|
177
-5%
|
172
-3%
|
172
0%
|
169
-2%
|
168
0%
|
165
-2%
|
166
+1%
|
168
+1%
|
174
+3%
|
181
+4%
|
189
+5%
|
199
+5%
|
205
+3%
|
209
+2%
|
215
+3%
|
232
+8%
|
249
+7%
|
259
+4%
|
260
+0%
|
240
-8%
|
219
-9%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(9)
|
(10)
|
(12)
|
(13)
|
(16)
|
(20)
|
(24)
|
(29)
|
(33)
|
(35)
|
(38)
|
(42)
|
(44)
|
(46)
|
(45)
|
(48)
|
(50)
|
(53)
|
(56)
|
(58)
|
(62)
|
(64)
|
(66)
|
(67)
|
(68)
|
(71)
|
(73)
|
(73)
|
(72)
|
(69)
|
(66)
|
(65)
|
(66)
|
(68)
|
(68)
|
(68)
|
(67)
|
(66)
|
(67)
|
(69)
|
(71)
|
(72)
|
(73)
|
(75)
|
(83)
|
(92)
|
(98)
|
(101)
|
(98)
|
(93)
|
|
| Gross Profit |
47
N/A
|
41
-13%
|
35
-15%
|
36
+5%
|
44
+21%
|
49
+11%
|
52
+6%
|
56
+8%
|
58
+4%
|
62
+7%
|
70
+12%
|
76
+8%
|
83
+9%
|
88
+7%
|
98
+12%
|
104
+6%
|
109
+5%
|
106
-2%
|
101
-5%
|
103
+1%
|
103
+1%
|
105
+2%
|
114
+8%
|
116
+2%
|
120
+4%
|
123
+2%
|
121
-1%
|
125
+3%
|
125
0%
|
127
+2%
|
125
-1%
|
125
0%
|
123
-2%
|
116
-5%
|
114
-2%
|
108
-5%
|
106
-2%
|
107
+1%
|
103
-4%
|
101
-2%
|
97
-4%
|
98
+1%
|
102
+4%
|
108
+6%
|
114
+6%
|
121
+6%
|
128
+6%
|
133
+4%
|
136
+3%
|
140
+3%
|
150
+7%
|
157
+5%
|
162
+3%
|
158
-2%
|
142
-10%
|
126
-11%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(5)
|
(6)
|
(7)
|
(7)
|
(5)
|
(4)
|
(4)
|
(8)
|
(8)
|
(8)
|
(8)
|
(7)
|
(12)
|
(18)
|
(25)
|
(31)
|
(31)
|
(30)
|
(29)
|
(28)
|
(22)
|
(23)
|
(22)
|
(23)
|
(27)
|
(26)
|
(26)
|
(25)
|
(3)
|
(40)
|
(25)
|
(26)
|
(26)
|
(28)
|
(28)
|
(29)
|
(30)
|
(32)
|
(34)
|
(29)
|
(22)
|
(14)
|
(5)
|
|
| Selling, General & Administrative |
(0)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(10)
|
(16)
|
(22)
|
(29)
|
(29)
|
(27)
|
(26)
|
(25)
|
(20)
|
(20)
|
(20)
|
(20)
|
(24)
|
(24)
|
(23)
|
(22)
|
(22)
|
(22)
|
(22)
|
(23)
|
(24)
|
(25)
|
(26)
|
(27)
|
(28)
|
(30)
|
(31)
|
(26)
|
(20)
|
(13)
|
(7)
|
|
| Other Operating Expenses |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(3)
|
(0)
|
0
|
1
|
(3)
|
(3)
|
(3)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
19
|
(18)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(3)
|
(2)
|
(2)
|
(3)
|
(4)
|
(2)
|
(1)
|
1
|
|
| Operating Income |
46
N/A
|
39
-14%
|
33
-16%
|
34
+4%
|
42
+23%
|
47
+11%
|
49
+5%
|
53
+8%
|
55
+4%
|
59
+7%
|
66
+12%
|
72
+8%
|
78
+9%
|
83
+7%
|
92
+11%
|
97
+5%
|
101
+4%
|
101
0%
|
97
-4%
|
99
+1%
|
96
-3%
|
98
+2%
|
106
+8%
|
108
+2%
|
113
+5%
|
110
-3%
|
103
-6%
|
100
-3%
|
94
-6%
|
95
+2%
|
95
0%
|
96
+1%
|
95
-1%
|
94
-1%
|
91
-3%
|
86
-6%
|
83
-3%
|
80
-4%
|
76
-4%
|
75
-2%
|
73
-3%
|
95
+32%
|
62
-35%
|
83
+35%
|
88
+6%
|
94
+6%
|
100
+7%
|
104
+4%
|
107
+2%
|
110
+3%
|
118
+8%
|
123
+5%
|
132
+7%
|
136
+3%
|
128
-6%
|
121
-5%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(39)
|
(37)
|
(30)
|
(10)
|
(13)
|
(6)
|
(2)
|
0
|
9
|
12
|
8
|
1
|
(27)
|
(32)
|
(31)
|
(29)
|
(22)
|
(30)
|
(25)
|
(23)
|
0
|
6
|
(1)
|
(8)
|
(23)
|
(17)
|
(32)
|
(34)
|
(48)
|
(53)
|
(68)
|
(65)
|
(64)
|
(60)
|
(26)
|
(37)
|
(6)
|
(7)
|
(7)
|
19
|
68
|
15
|
(6)
|
(12)
|
(98)
|
(93)
|
(83)
|
(100)
|
(68)
|
(89)
|
(164)
|
(161)
|
(195)
|
(183)
|
(139)
|
(130)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(97)
|
(71)
|
(26)
|
(6)
|
104
|
116
|
56
|
(6)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Pre-Tax Income |
7
N/A
|
2
-75%
|
2
+45%
|
24
+906%
|
29
+21%
|
41
+41%
|
47
+14%
|
53
+14%
|
64
+21%
|
71
+10%
|
74
+5%
|
72
-2%
|
51
-30%
|
51
+1%
|
61
+19%
|
69
+13%
|
79
+15%
|
72
-9%
|
72
+1%
|
76
+5%
|
96
+26%
|
104
+9%
|
105
+1%
|
99
-5%
|
91
-9%
|
93
+3%
|
71
-24%
|
66
-7%
|
46
-31%
|
43
-7%
|
28
-35%
|
31
+12%
|
31
-1%
|
(63)
N/A
|
(6)
+91%
|
22
N/A
|
71
+221%
|
176
+147%
|
185
+5%
|
149
-19%
|
134
-10%
|
111
-17%
|
56
-50%
|
71
+27%
|
(9)
N/A
|
1
N/A
|
17
+1 531%
|
4
-77%
|
39
+856%
|
21
-46%
|
(46)
N/A
|
(38)
+19%
|
(63)
-66%
|
(47)
+25%
|
(11)
+76%
|
(9)
+24%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
0
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
0
|
0
|
0
|
|
| Income from Continuing Operations |
7
|
1
|
2
|
24
|
28
|
40
|
46
|
52
|
63
|
70
|
73
|
71
|
50
|
50
|
60
|
68
|
78
|
71
|
72
|
75
|
95
|
104
|
104
|
99
|
91
|
93
|
71
|
66
|
46
|
42
|
27
|
31
|
31
|
(63)
|
(6)
|
22
|
71
|
176
|
185
|
149
|
134
|
111
|
56
|
71
|
(9)
|
1
|
17
|
4
|
38
|
21
|
(47)
|
(38)
|
(63)
|
(47)
|
(12)
|
(9)
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
5
N/A
|
(0)
N/A
|
0
N/A
|
22
+7 213%
|
26
+18%
|
35
+36%
|
165
+368%
|
169
+2%
|
50
-71%
|
181
+267%
|
57
-68%
|
56
-3%
|
35
-38%
|
35
+1%
|
44
+25%
|
50
+14%
|
59
+19%
|
52
-12%
|
52
+0%
|
55
+6%
|
76
+38%
|
84
+10%
|
83
-1%
|
77
-7%
|
68
-12%
|
76
+11%
|
60
-21%
|
60
+1%
|
46
-24%
|
42
-7%
|
27
-35%
|
31
+12%
|
31
0%
|
(63)
N/A
|
(6)
+91%
|
22
N/A
|
71
+221%
|
176
+147%
|
185
+5%
|
149
-19%
|
134
-10%
|
111
-17%
|
56
-50%
|
71
+27%
|
(9)
N/A
|
1
N/A
|
17
+1 590%
|
4
-77%
|
38
+864%
|
21
-46%
|
(47)
N/A
|
(38)
+19%
|
(63)
-67%
|
(47)
+25%
|
(12)
+75%
|
(9)
+23%
|
|
| EPS (Diluted) |
13
N/A
|
-1.06
N/A
|
0.01
N/A
|
1.02
+10 100%
|
1.21
+19%
|
1.64
+36%
|
6.99
+326%
|
6.32
-10%
|
1.91
-70%
|
5.01
+162%
|
1.37
-73%
|
1.39
+1%
|
0.88
-37%
|
0.71
-19%
|
0.89
+25%
|
1.01
+13%
|
1.21
+20%
|
1.07
-12%
|
0.95
-11%
|
1.07
+13%
|
1.5
+40%
|
1.49
-1%
|
1.39
-7%
|
1.31
-6%
|
1.19
-9%
|
1.28
+8%
|
1.01
-21%
|
1.02
+1%
|
0.77
-25%
|
0.72
-6%
|
0.47
-35%
|
0.52
+11%
|
0.52
N/A
|
-1.07
N/A
|
-0.09
+92%
|
0.38
N/A
|
1.23
+224%
|
3.05
+148%
|
3.2
+5%
|
2.58
-19%
|
2.32
-10%
|
1.92
-17%
|
0.97
-49%
|
1.23
+27%
|
-0.16
N/A
|
0.01
N/A
|
0.29
+2 800%
|
0.06
-79%
|
0.67
+1 017%
|
0.35
-48%
|
-0.53
N/A
|
-0.44
+17%
|
-0.79
-80%
|
-0.55
+30%
|
-0.14
+75%
|
-0.11
+21%
|
|