Sixth Street Specialty Lending Inc
NYSE:TSLX
Income Statement
Earnings Waterfall
Sixth Street Specialty Lending Inc
Revenue
|
438.1m
USD
|
Cost of Revenue
|
-227.1m
USD
|
Gross Profit
|
211m
USD
|
Operating Expenses
|
-12.2m
USD
|
Operating Income
|
198.8m
USD
|
Other Expenses
|
23.3m
USD
|
Net Income
|
222m
USD
|
Income Statement
Sixth Street Specialty Lending Inc
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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
93
N/A
|
105
+14%
|
130
+24%
|
145
+12%
|
163
+12%
|
168
+3%
|
167
0%
|
176
+5%
|
173
-1%
|
179
+3%
|
179
+0%
|
186
+4%
|
192
+3%
|
201
+4%
|
213
+6%
|
212
-1%
|
211
0%
|
218
+3%
|
225
+3%
|
236
+5%
|
262
+11%
|
257
-2%
|
253
-2%
|
260
+3%
|
252
-3%
|
265
+5%
|
273
+3%
|
274
+0%
|
270
-2%
|
270
0%
|
263
-3%
|
262
0%
|
279
+6%
|
280
+0%
|
281
+0%
|
287
+2%
|
309
+8%
|
338
+9%
|
382
+13%
|
419
+10%
|
438
+5%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(36)
|
(40)
|
(46)
|
(49)
|
(51)
|
(53)
|
(56)
|
(60)
|
(64)
|
(65)
|
(65)
|
(67)
|
(70)
|
(73)
|
(77)
|
(76)
|
(77)
|
(81)
|
(86)
|
(94)
|
(102)
|
(102)
|
(103)
|
(104)
|
(106)
|
(112)
|
(111)
|
(108)
|
(104)
|
(106)
|
(113)
|
(119)
|
(123)
|
(121)
|
(108)
|
(113)
|
(127)
|
(150)
|
(186)
|
(209)
|
(227)
|
|
Gross Profit |
57
N/A
|
65
+14%
|
84
+29%
|
96
+14%
|
112
+17%
|
115
+2%
|
111
-3%
|
116
+4%
|
110
-5%
|
113
+3%
|
114
+1%
|
119
+4%
|
122
+3%
|
128
+4%
|
137
+7%
|
136
-1%
|
134
-1%
|
137
+3%
|
139
+2%
|
142
+2%
|
160
+13%
|
154
-4%
|
150
-3%
|
155
+3%
|
145
-6%
|
153
+6%
|
162
+6%
|
167
+3%
|
166
-1%
|
164
-1%
|
150
-8%
|
144
-4%
|
156
+9%
|
159
+2%
|
173
+9%
|
174
+1%
|
182
+4%
|
189
+4%
|
196
+4%
|
209
+7%
|
211
+1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
1
|
1
|
(2)
|
(4)
|
(7)
|
(9)
|
(10)
|
(11)
|
(13)
|
(14)
|
(14)
|
(14)
|
(13)
|
(12)
|
(13)
|
(11)
|
(11)
|
(11)
|
(11)
|
(12)
|
(13)
|
(12)
|
(13)
|
(13)
|
(13)
|
(14)
|
(14)
|
(14)
|
(13)
|
(12)
|
(12)
|
(12)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(12)
|
(12)
|
(12)
|
|
Selling, General & Administrative |
(6)
|
(7)
|
(8)
|
(9)
|
(9)
|
(9)
|
(10)
|
(12)
|
(13)
|
(14)
|
(15)
|
(15)
|
(13)
|
(13)
|
(13)
|
(11)
|
(11)
|
(12)
|
(11)
|
(12)
|
(13)
|
(12)
|
(13)
|
(13)
|
(13)
|
(14)
|
(14)
|
(14)
|
(13)
|
(13)
|
(12)
|
(12)
|
(14)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
|
Other Operating Expenses |
7
|
8
|
7
|
5
|
3
|
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
|
1
|
1
|
1
|
1
|
|
Operating Income |
58
N/A
|
66
+14%
|
83
+26%
|
92
+11%
|
106
+15%
|
106
0%
|
101
-4%
|
104
+3%
|
97
-7%
|
99
+3%
|
100
+0%
|
105
+5%
|
110
+5%
|
115
+5%
|
124
+8%
|
124
+0%
|
123
-1%
|
126
+2%
|
128
+2%
|
130
+1%
|
147
+14%
|
142
-4%
|
137
-4%
|
142
+4%
|
132
-7%
|
140
+6%
|
148
+6%
|
153
+3%
|
153
0%
|
152
-1%
|
138
-9%
|
132
-5%
|
143
+9%
|
146
+2%
|
160
+10%
|
161
+1%
|
169
+5%
|
176
+4%
|
184
+5%
|
197
+7%
|
199
+1%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
10
|
11
|
8
|
2
|
(19)
|
(20)
|
(9)
|
(21)
|
(32)
|
(41)
|
(26)
|
(3)
|
30
|
35
|
9
|
(4)
|
(9)
|
(6)
|
(6)
|
5
|
(25)
|
(15)
|
4
|
(8)
|
26
|
(73)
|
(34)
|
14
|
30
|
142
|
117
|
95
|
71
|
52
|
(33)
|
(54)
|
(58)
|
(53)
|
6
|
23
|
25
|
|
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
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
67
N/A
|
77
+15%
|
90
+17%
|
93
+3%
|
86
-7%
|
86
-1%
|
93
+8%
|
84
-10%
|
65
-22%
|
59
-10%
|
74
+26%
|
102
+38%
|
139
+37%
|
150
+8%
|
133
-12%
|
120
-9%
|
114
-5%
|
120
+5%
|
122
+1%
|
135
+10%
|
122
-9%
|
127
+4%
|
141
+11%
|
135
-4%
|
158
+17%
|
67
-58%
|
115
+72%
|
167
+45%
|
184
+10%
|
293
+59%
|
255
-13%
|
226
-11%
|
214
-5%
|
198
-7%
|
127
-36%
|
107
-16%
|
111
+4%
|
123
+11%
|
190
+54%
|
221
+16%
|
224
+1%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(6)
|
(5)
|
(5)
|
(3)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(2)
|
|
Income from Continuing Operations |
67
|
77
|
90
|
92
|
85
|
84
|
91
|
82
|
64
|
57
|
72
|
100
|
137
|
148
|
130
|
118
|
112
|
117
|
119
|
132
|
119
|
124
|
138
|
131
|
155
|
63
|
111
|
162
|
178
|
288
|
251
|
224
|
212
|
196
|
124
|
104
|
108
|
120
|
187
|
217
|
222
|
|
Net Income (Common) |
67
N/A
|
77
+15%
|
90
+17%
|
92
+3%
|
85
-8%
|
84
-1%
|
91
+8%
|
82
-10%
|
64
-22%
|
57
-11%
|
72
+27%
|
100
+38%
|
137
+37%
|
148
+8%
|
130
-12%
|
118
-9%
|
112
-5%
|
117
+5%
|
119
+2%
|
132
+11%
|
119
-10%
|
124
+4%
|
138
+11%
|
131
-5%
|
155
+18%
|
63
-59%
|
111
+77%
|
162
+47%
|
178
+10%
|
288
+62%
|
251
-13%
|
224
-11%
|
212
-5%
|
196
-7%
|
124
-37%
|
104
-17%
|
108
+4%
|
120
+11%
|
187
+55%
|
217
+16%
|
222
+2%
|
|
EPS (Diluted) |
1.29
N/A
|
1.85
+43%
|
1.69
-9%
|
1.72
+2%
|
1.68
-2%
|
1.57
-7%
|
1.69
+8%
|
1.51
-11%
|
1.18
-22%
|
1.01
-14%
|
1.22
+21%
|
1.7
+39%
|
2.34
+38%
|
2.48
+6%
|
2.17
-13%
|
1.96
-10%
|
1.86
-5%
|
1.94
+4%
|
1.83
-6%
|
2.01
+10%
|
1.86
-7%
|
1.9
+2%
|
2.1
+11%
|
1.99
-5%
|
2.34
+18%
|
0.95
-59%
|
1.66
+75%
|
2.41
+45%
|
2.65
+10%
|
3.72
+40%
|
3.12
-16%
|
2.77
-11%
|
2.73
-1%
|
2.4
-12%
|
1.62
-33%
|
1.32
-19%
|
1.38
+5%
|
1.47
+7%
|
2.21
+50%
|
2.48
+12%
|
2.61
+5%
|