v3.25.2

Consolidated Statement of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024
Cash flows from operating activities:
Net increase (decrease) in net assets resulting from operations	$ 15,220	$ 0
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:
Purchases of investment securities	(243,329)	0
Proceeds from sales and principal repayments of investment securities	61,873	0
Net change in unrealized (appreciation) depreciation on investments	(2,850)	0
Accretion of discount on investments	(891)	0
Payment-in-kind interest income	(1,497)	0
Amortization of deferred debt issuance costs	853	0
Changes in operating assets and liabilities:
Dividends and interest receivable	(1,030)	0
Receivable for investments sold	126	0
Receivable from Adviser	460	0
Prepaid expenses	230	0
Interest payable	3,239	0
Incentive fees payable	962	0
Management fees payable	478	0
Payable for investments purchased	(13,607)	0
Accrued expenses and other liabilities	19	0
Net cash provided by (used in) operating activities	(179,744)	0
Cash flows from financing activities:
Proceeds from issuance of common stock	50,000	1,020
Contribution received in advance	24,299	0
Proceeds from borrowing	394,815	0
Repayments of borrowing	(237,479)	0
Repayments of repurchase agreements	(11,641)	0
Deferred debt issuance costs paid	(2,104)	0
Distributions paid in cash	(1,787)	0
Net cash provided by (used in) financing activities	216,103	1,020
Net increase (decrease) in cash and cash equivalents	36,359	1,020
Cash and cash equivalents, beginning of period	8,107	0
Cash and cash equivalents, end of period	44,466	1,020
Supplemental Disclosure of Cash Flow Information
Cash paid during the period for interest	$ 8,983	$ 0

The sum of the periodic adjustments of the differences between securities' face values and purchase prices that are charged against earnings. This is called accretion if the security was purchased at a discount and amortization if it was purchased at premium. As a noncash item, this element is an adjustment to net income when calculating cash provided by or used in operations using the indirect method.

Willow Tree Capital Corp 10-Q