MSDL NYSE
Morgan Stanley Direct Lending Fund
1W: -2.2%
1M: -11.3%
3M: -12.0%
YTD: -17.7%
1Y: -14.4%
$13.53
-0.18 (-1.31%)
Weekly Expected Move ±2.4%
$13
$13
$14
$14
$14
Overview
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Income Statement
Cash Flow
Balance Sheet
Earnings
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Cash Flow Trends
Operating Cash Flow
$155M
-25.1% ▼
5Y CAGR: +65.6%
Capital Expenditures
$0
+0.0% ▲
Free Cash Flow
$151M
-25.1% ▼
5Y CAGR: +64.8%
Dividends Paid
$184M
-8.8% ▼
Buybacks
$42M
-132.3% ▼
Net Change in Cash
$18M
+576.3% ▲
Cash Flow Composition
Year-over-Year Growth
View Full Cash Flow Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Operating Activities — | |||||
| Net Income | $83M | $49M | $231M | $216M | $0 |
| Depreciation & Amort. | $0 | $0 | $0 | $0 | $31M |
| Stock-Based Comp. | $0 | $0 | $0 | $0 | $0 |
| Change in Working Capital | $3M | $2M | -$695K | $2M | $3M |
| Other Non-Cash Items | -$19M | $71M | -$45M | -$16M | $120M |
| Operating Cash Flow | $68M | $122M | $186M | $201M | $155M |
| — Investing Activities — | |||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 |
| Acquisitions (Net) | $0 | $0 | $0 | $0 | $0 |
| Investment Purchases | -$2.1B | -$945M | -$632M | -$1.2B | -$772M |
| Investment Sales | $384M | $394M | $362M | $657M | $772M |
| Other Investing | $0 | $0 | $0 | $0 | $0 |
| Investing Cash Flow | -$1.7B | -$551M | -$270M | -$575M | $301K |
| — Financing Activities — | |||||
| Net Debt Issuance | $916M | $281M | -$30M | $467M | $98M |
| Stock Repurchased | $0 | $0 | $0 | -$18M | -$42M |
| Dividends Paid | -$38M | -$86M | -$110M | -$169M | -$184M |
| Other Financing | -$8M | -$13M | -$10M | $0 | -$5M |
| Financing Cash Flow | $1.7B | $437M | $72M | $376M | -$133M |
| Net Change in Cash | $63M | $7M | -$12M | $3M | $18M |
| Cash End of Period | $74M | $81M | $70M | $72M | $81M |
| Free Cash Flow | $68M | $122M | $186M | $201M | $151M |