Blackstone Secured Lending Fund
F:GM8
Cash Flow Statement
Cash Flow Statement
Blackstone Secured Lending Fund
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | |||||||||||||||||||||||||
| Net Income |
106
|
(215)
|
(10)
|
147
|
219
|
638
|
526
|
459
|
460
|
456
|
419
|
405
|
405
|
436
|
501
|
576
|
612
|
657
|
708
|
689
|
694
|
660
|
619
|
600
|
|
| Other Non-Cash Items |
(40)
|
318
|
139
|
12
|
(30)
|
(438)
|
(303)
|
(207)
|
(174)
|
(138)
|
(75)
|
(27)
|
11
|
33
|
34
|
(13)
|
(29)
|
(67)
|
(127)
|
(90)
|
(77)
|
(41)
|
(5)
|
10
|
|
| Cash Interest Paid |
0
|
0
|
0
|
0
|
52
|
0
|
0
|
0
|
95
|
0
|
0
|
0
|
182
|
89
|
126
|
206
|
256
|
241
|
264
|
289
|
297
|
321
|
329
|
338
|
|
| Change in Working Capital |
(2 624)
|
(2 941)
|
(2 567)
|
(2 820)
|
(2 509)
|
(2 097)
|
(3 107)
|
(3 353)
|
(4 115)
|
(3 867)
|
(2 640)
|
(1 261)
|
257
|
379
|
798
|
191
|
(124)
|
(682)
|
(1 904)
|
(2 349)
|
(3 143)
|
(2 325)
|
(1 832)
|
(1 742)
|
|
| Cash from Operating Activities |
(2 558)
N/A
|
(2 839)
-11%
|
(2 438)
+14%
|
(2 661)
-9%
|
(2 320)
+13%
|
(1 898)
+18%
|
(2 884)
-52%
|
(3 101)
-7%
|
(3 829)
-23%
|
(3 548)
+7%
|
(2 296)
+35%
|
(883)
+62%
|
673
N/A
|
848
+26%
|
1 333
+57%
|
755
-43%
|
459
-39%
|
(93)
N/A
|
(1 323)
-1 328%
|
(1 750)
-32%
|
(2 526)
-44%
|
(1 706)
+32%
|
(1 218)
+29%
|
(1 133)
+7%
|
|
| Financing Cash Flow | |||||||||||||||||||||||||
| Net Issuance of Common Stock |
1 388
|
1 478
|
1 510
|
1 174
|
1 583
|
1 139
|
1 170
|
1 400
|
981
|
978
|
571
|
49
|
0
|
0
|
177
|
551
|
665
|
827
|
891
|
990
|
1 037
|
1 064
|
935
|
651
|
|
| Net Issuance of Debt |
1 269
|
1 511
|
1 058
|
1 556
|
1 045
|
1 150
|
2 048
|
2 124
|
2 999
|
2 690
|
2 043
|
1 089
|
44
|
(186)
|
(852)
|
(611)
|
(651)
|
(194)
|
1 115
|
1 391
|
2 165
|
2 089
|
922
|
1 227
|
|
| Cash Paid for Dividends |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(78)
|
(194)
|
(306)
|
(423)
|
(437)
|
(428)
|
(428)
|
(438)
|
(484)
|
(519)
|
(556)
|
(583)
|
(612)
|
(639)
|
(663)
|
|
| Other |
(40)
|
(64)
|
(97)
|
(127)
|
(154)
|
(206)
|
(226)
|
(242)
|
(267)
|
(192)
|
(137)
|
(77)
|
(268)
|
(269)
|
(266)
|
(268)
|
(9)
|
(6)
|
(5)
|
(9)
|
(17)
|
(17)
|
(18)
|
(17)
|
|
| Cash from Financing Activities |
2 618
N/A
|
2 925
+12%
|
2 471
-16%
|
2 603
+5%
|
2 473
-5%
|
2 084
-16%
|
2 992
+44%
|
3 282
+10%
|
3 713
+13%
|
3 397
-9%
|
2 283
-33%
|
756
-67%
|
(648)
N/A
|
(892)
-38%
|
(1 370)
-54%
|
(756)
+45%
|
(432)
+43%
|
143
N/A
|
1 482
+937%
|
1 817
+23%
|
2 602
+43%
|
2 524
-3%
|
1 199
-52%
|
1 197
0%
|
|
| Change in Cash | |||||||||||||||||||||||||
| Effect of Foreign Exchange Rates |
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
1
|
0
|
1
|
1
|
0
|
4
|
6
|
16
|
16
|
(3)
|
(6)
|
(15)
|
(18)
|
(1)
|
(0)
|
1
|
(9)
|
|
| Net Change in Cash |
59
N/A
|
85
+44%
|
33
-61%
|
(58)
N/A
|
153
N/A
|
186
+22%
|
108
-42%
|
182
+69%
|
(115)
N/A
|
(151)
-31%
|
(13)
+91%
|
(128)
-895%
|
28
N/A
|
(38)
N/A
|
(21)
+44%
|
15
N/A
|
24
+62%
|
45
+89%
|
144
+223%
|
48
-66%
|
75
+54%
|
817
+993%
|
(18)
N/A
|
56
N/A
|
|
| Free Cash Flow | |||||||||||||||||||||||||
| Free Cash Flow |
(2 558)
N/A
|
(2 839)
-11%
|
(2 438)
+14%
|
(2 661)
-9%
|
(2 320)
+13%
|
(1 898)
+18%
|
(2 884)
-52%
|
(3 101)
-7%
|
(3 829)
-23%
|
(3 548)
+7%
|
(2 296)
+35%
|
(883)
+62%
|
673
N/A
|
848
+26%
|
1 333
+57%
|
755
-43%
|
459
-39%
|
(93)
N/A
|
(1 323)
-1 328%
|
(1 750)
-32%
|
(2 526)
-44%
|
(1 706)
+32%
|
(1 218)
+29%
|
(1 133)
+7%
|
|