TFSA · As filed with the SEC
Terra Income Fund 6 cash flow statement, by fiscal year
The statement as Terra Income Fund 6 presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Consolidated Statement of Cash Flows · USD
| USD | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | Year ended Dec 31, 2021 Year ended Dec 31, 2021 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net loss | (12,500,968) | (5,625,115) | — | 4,086,245 |
| Adjustments to reconcile net loss from operations to net cash (used in) provided by operating activities: | ||||
| Provision for credit losses | 5,997,074 | 5,113,660 | — | — |
| Net change in unrealized depreciation on investments | — | (124,031) | — | — |
| Amortization of premiums and discounts on investments | 126,278 | 997,409 | — | — |
| Net change in unrealized depreciation on investments | — | 915,998 | — | — |
| Amortization and accretion of investment-related fees, net | 122,382 | (317,918) | — | (1,005,190) |
| Net change in unrealized depreciation on investments | — | (232,871) | — | — |
| Amortization of discount on debt | 1,308,141 | 1,170,639 | — | — |
| Amortization of deferred financing costs | — | 98,604 | — | — |
| Loss (income) from equity investment in unconsolidated investments | — | 1,531,323 | — | — |
| Amortization of deferred financing costs | 51,396 | — | — | — |
| Loss from equity interest in unconsolidated investments | 3,874,927 | — | — | — |
| Realized loss on investments, net | 0 | 12,512 | — | — |
| Unrealized loss on investments, net | 0 | 18,601 | — | — |
| Decrease in due to Adviser, net | — | (108,439) | — | — |
| Changes in operating assets and liabilities: | ||||
| Decrease in interest receivable | 967,220 | 199,736 | — | (1,076,263) |
| Decrease (increase) in prepaid expenses and other assets | 129,612 | (338,167) | — | 96,322 |
| Increase in interest reserve and other deposits held on investments | — | — | — | (374,698) |
| Decrease in accrued expenses | (140,218) | (328,100) | — | 201,875 |
| Decrease in due to Adviser, net | — | 0 | — | — |
| Increase in interest payable from obligation under participation agreement | 259,153 | 0 | — | (93,618) |
| (Decrease) increase in other liabilities | (396,644) | 149,229 | — | 745,093 |
| Net cash (used in) provided by operating activities | (201,647) | 2,573,974 | — | (35,662,711) |
| Cash flows from investing activities: | ||||
| Repayment of loans | 42,941,496 | 42,001,868 | — | — |
| Origination, funding and purchase of loans | (1,059,903) | (5,378,078) | — | — |
| Capital contributions to equity interest in unconsolidated investments | (527) | (32,421,342) | — | — |
| Funding of promissory note receivable | (54,130,163) | — | — | — |
| Repayment of promissory note receivable | 9,000,000 | — | — | — |
| Distributions from equity interest in unconsolidated investments | 266,115 | 472,000 | — | — |
| Proceeds from redemption of held-to-maturity debt securities | 0 | 10,000,000 | — | — |
| Purchase of held-to-maturity debt securities | 0 | (10,012,512) | — | — |
| Purchase of marketable securities | 0 | (525,867) | — | — |
| Net cash (used in) provided by investing activities | (2,982,982) | 4,136,069 | — | — |
| Cash flows from financing activities: | ||||
| Repayments of borrowings under term loan payable | — | (10,000,000) | — | — |
| Proceeds from obligation under participation agreement | 18,000,000 | — | — | — |
| Repayment of term loan | (15,000,000) | — | — | — |
| Change in interest reserve and other deposits held on investments | (106,918) | — | — | — |
| Payment of financing costs | 0 | (150,000) | — | — |
| Net cash provided by (used in) financing activities | 2,893,082 | (10,150,000) | — | — |
| Net decrease in cash, cash equivalents and restricted cash | (291,547) | (3,439,957) | — | (1,845,815) |
| Cash, cash equivalents and restricted cash, at beginning of year | 3,299,996 | 6,739,953 | 12,456,874 | 14,302,689 |
| Cash, cash equivalents and restricted cash, at end of year (Note 2) | 3,008,449 | 3,299,996 | 6,739,953 | 12,456,874 |
| Supplemental disclosure of cash flow information: | ||||
| Cash paid for interest | 5,865,152 | 4,462,846 | — | 3,914,408 |
| Income taxes paid | 0 | 207,156 | — | — |
| Loan contributed by Terra Property Trust, Inc. | — | 0 | — | — |
| Loan contributed by Terra Property Trust, Inc. | — | 0 | — | — |
| Supplemental non-cash information: | ||||
| Settlement of a mezzanine loan accounted for as an equity investment in exchange for equity interest in a joint venture that owns real estate (Note 4) | 0 | 10,149,642 | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.