TCW STRATEGIC INCOME FUND INC (TSI)
The TCW Strategic Income Fund, Inc. (TSI) operates as a closed-end, balanced mutual fund, originally established by The TCW Group, Inc. Its investment operations are directed by TCW Investment Management Company. The fund strategically allocates capital across both public equity and fixed-income markets within the United States. For its equity component, it pursues investments in growth and value stocks of companies spanning diverse sectors. The fixed-income portfolio exhibits broad diversification, encompassing mortgage-backed securities, asset-backed securities, money market instruments, convertible securities, high-yield bonds, collateralized debt obligations (CDOs), and debt obligations issued or guaranteed by the United States Government or its associated agencies and instrumentalities. To assess its performance, the fund utilizes several benchmarks: the S&P 500 Index, the NASDAQ, and a specially constructed custom index. This bespoke benchmark incorporates the Barclays U.S. Aggregate Bond Index, the Citigroup High Yield Cash Pay Index, the S&P 500 Index, and the BofA Merrill Lynch All Convertibles All Qualities. The fund was formed in the United States on January 13, 1987, and was previously known as the TCW Convertible Securities Fund, Inc.
Industry: Asset Management - Income
TCW Strategic Income Fund, Inc.
NYSE:TSIFinancial Services · Asset Management - Income
+0.48%$4.22
AH Close$4.22+0.00%vs close
AH$4.22+0.00%vs close
Mkt Cap$268.87M
Float63.04M
O/S63.71M
Inst Own64.1%
SI0.1%
Div Yield9.32%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$17.78M
Net Income$19.48M
Total Assets$280.62M
Free Cash Flow$0
Debt & Equity
Equity 100%
Total Debt$0
Total Equity$244.29M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in TSI's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$280.62M
Liabilities$36.32M
Accounts Receivable$852
Accounts Payable$35.9M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Revenue | $17.78M | $18.16M | $14.82M | $18.22M | $24.67M | $20.32M | $22.9M | $6.01M | $20.56M | $14.62M | $12.99M | $13.94M | $17.41M | $23.69M |
| YoY Growth | -2.1% | 22.6% | -18.7% | -26.2% | 21.4% | -11.2% | 281.0% | -70.8% | 40.6% | 12.6% | -6.8% | -19.9% | -26.5% | - |
| Cost of Revenue | $1.74M | $0 | $1.7M | $1.79M | $1.84M | $1.8M | $1.86M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $16.04M | $18.16M | $13.12M | $16.42M | $22.83M | $18.52M | $21.03M | $6.01M | $20.56M | $14.62M | $12.99M | $13.94M | $17.41M | $23.69M |
| Gross Margin | 90.2% | 100.0% | 88.5% | 90.2% | 92.5% | 91.1% | 91.9% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $1.39M | $765K | $2.25M | $828K | $922K | $844K | $663K | $561K | $568K | $2.38M | $2.5M | $2.42M | $2.51M | $2.67M |
| Other | -$4.88M | $58K | -$1.46M | $54K | $1.72M | $1.68M | $113K | $52K | $53K | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | -$3.49M | $823K | $793K | $883K | $2.64M | $2.52M | $776K | $675K | $657K | $2.18M | $8.65M | $4.67M | $11.88M | $34.18M |
| Operating Income (EBIT) | $19.52M | $17.34M | $13.87M | -$20.32M | $10.12M | $18.67M | $22.12M | $5.33M | $19.9M | $12.24M | $10.49M | $11.52M | $14.89M | $21.02M |
| Operating Margin | 109.8% | 95.5% | 93.6% | -111.5% | 41.0% | 91.9% | 96.6% | 88.8% | 96.8% | 83.7% | 80.8% | 82.6% | 85.6% | 88.7% |
| Interest Expense | $57K | $0 | $199K | $171K | $56K | $111K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $16.57M | $15.18M | $14.68M | $13.68M | $16.79M | $15.6M | $17.98M | $16.67M | $14.98M | $0 | $0 | $42K | $316K | $484K |
| Other Income (Expense) | -$40K | $69K | $8.65M | -$171K | -$95K | -$111K | $0 | -$9.01M | $7.22M | $199K | -$6.15M | $7.04M | $14.08M | $36.37M |
| Income Before Tax (EBT) | $19.48M | $17.34M | $22.52M | -$20.49M | $10.02M | $18.56M | $22.12M | $5.33M | $19.9M | $12.44M | $4.34M | $18.56M | $28.97M | $57.39M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$161K | $19.9M | $0 | $0 | $0 | $0 | $0 |
| Net Income | $19.48M | $17.34M | $22.52M | -$20.49M | $10.02M | $18.56M | $22.12M | $5.33M | $19.9M | $12.44M | $4.34M | $18.56M | $28.97M | $57.39M |
| Net Income Margin | 109.6% | 95.5% | 152.0% | -112.5% | 40.6% | 91.3% | 96.6% | 88.8% | 96.8% | 85.1% | 33.4% | 133.2% | 166.4% | 242.2% |
| Supplementary Data | ||||||||||||||
| EPS | 0.41 | 0.37 | 0.47 | -0.43 | 0.21 | 0.39 | 0.46 | 0.11 | 0.41 | 0.26 | 0.09 | 0.39 | 0.61 | 1.20 |
| Diluted EPS | 0.41 | 0.37 | 0.47 | -0.43 | 0.21 | 0.39 | 0.46 | 0.11 | 0.41 | 0.26 | 0.09 | 0.39 | 0.61 | 1.20 |
| Weighted Average OS | 47.79M | 46.87M | 47.79M | 47.79M | 47.77M | 47.75M | 47.69M | 47.69M | 47.69M | 47.69M | 47.69M | 47.69M | 47.69M | 47.64M |
| EBITDA | $19.54M | $17.27M | $13.87M | -$20.32M | $10.12M | $18.67M | $22.18M | $0 | $12.68M | $12.24M | $10.49M | $11.52M | $14.89M | $0 |
| EBITDA Margin | 109.9% | 95.1% | 93.6% | -111.5% | 41.0% | 91.9% | 96.9% | - | 61.7% | 83.7% | 80.8% | 82.6% | 85.6% | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $1.09M | $9K | $12K | $158K | $4K | -$5M | $34K | $7K | $35K | $148K | $0 | $83K | $140K | $0 |
| Short-Term Investments | $11.96M | $23.47M | $20.03M | $0 | $0 | $5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $13.05M | $23.47M | $20.04M | $158K | $4K | $5M | $34K | $7K | $35K | $148K | $0 | $83K | $140K | $0 |
| Accounts Receivable | $852 | $2.08M | $8.18M | $5.15M | $31.79M | $16.86M | $2.02M | $2.04M | $1.67M | $1.46M | $1.04M | $1.12M | $1.37M | $1.63M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $5.4M | -$2.1M | $1.95M | -$13K | -$29K | -$21.88M | -$19K | $96K | $27K | $99K | $0 | $33.36M | $165K | $705K |
| Total Current Assets | $18.48M | $23.47M | $30.19M | $5.32M | $31.8M | $0 | $2.05M | $2.07M | $1.75M | $1.73M | $1.04M | $34.57M | $1.68M | $2.33M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $262.12M | $283.59M | $295.93M | $287.71M | $307.86M | $305.98M | $278.39M | $275.65M | $286.1M | $282.08M | $279.94M | $251.95M | $285.16M | $287.62M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $21K | $0 | $0 | $0 | $0 | $0 | $0 | -$275.65M | $1.69M | $545K | $28K | $39K | $6K | -$287.62M |
| Total Long-Term Assets | $262.14M | $283.59M | $295.93M | $287.71M | $307.86M | $305.98M | $278.39M | $275.65M | $287.79M | $282.63M | $279.96M | $251.99M | $285.17M | $287.62M |
| Other Assets | $0 | -$19.93M | -$20.03M | $1.73M | $2.48M | $325.04M | $81K | $74K | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $280.62M | $287.14M | $306.08M | $294.76M | $342.14M | $325.04M | $280.52M | $277.79M | $289.53M | $284.36M | $281.01M | $286.56M | $286.84M | $289.96M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $35.9M | $46.16M | $55.06M | $58.24M | $69.53M | $43.62M | $6.83M | $246K | $151K | $883K | $298K | $141K | $0 | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $9K | $0 | $0 | $0 | $0 | $0 | $0 | $4.4M | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $45.53M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $46.79M | $8.5M | -$11K | -$167K | -$43.71M | -$16K | -$275K | $7.05M | $6.03M | $2.34M | $2.26M | $4.67M | $23.16M |
| Total Current Liabilities | $35.9M | $46.16M | $63.56M | $58.24M | $69.53M | $45.54M | $6.83M | $7.86M | $7.5M | $7.22M | $3.07M | $2.73M | $9.51M | $23.16M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $16K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $36.32M | $641K | $1.12M | $670K | $1.04M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $36.32M | $641K | $1.12M | $670K | $1.04M | $45.97M | $7.23M | $7.86M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | -$57.57M | -$68.49M | -$45.97M | -$7.23M | -$7.52M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $36.32M | $46.8M | $64.69M | $58.91M | $70.56M | $45.54M | $6.83M | $8.19M | $7.5M | $7.22M | $3.07M | $2.73M | $9.51M | $23.16M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $478K | $478K | $478K | $478K | $477K | $477K | $477K | $477K | $477K | $477K | $477K | $477K | $477K | $476K |
| Retained Earnings | -$25.7M | -$29.66M | -$28.6M | -$34.15M | $1.79M | $9.28M | $3.85M | $154K | $12.59M | $7.69M | $8.49M | $14.39M | $7.9M | -$2.38M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$0 | -$0 | -$0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $269.52M | $269.52M | $269.52M | $269.52M | $269.31M | $269.31M | $268.96M | $268.96M | $268.96M | $268.96M | $268.96M | $268.96M | $268.96M | $268.7M |
| Total Equity | $244.29M | $240.34M | $241.4M | $235.84M | $271.57M | $279.07M | $273.29M | $269.59M | $282.03M | $277.13M | $277.93M | $283.84M | $277.34M | $266.8M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $280.62M | $287.14M | $306.08M | $294.76M | $342.14M | $324.61M | $280.13M | $277.79M | $289.53M | $284.36M | $281.01M | $286.56M | $286.84M | $289.96M |
| Supplementary Data | ||||||||||||||
| Total Debt | $0 | $0 | $0 | $0 | $0 | $9K | $16K | $0 | $0 | $0 | $0 | $0 | $4.4M | $0 |
| Net Debt | -$1.09M | -$9K | -$12K | -$158K | -$4K | $5.01M | -$19K | -$7K | -$35K | -$148K | $0 | -$83K | $4.26M | $0 |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Operating Activities | ||||||||||||||
| Net Income | $19.48M | $17.34M | $22.52M | -$20.49M | $10.02M | $18.56M | $22.12M | $5.33M | $19.9M | $12.44M | $4.34M | $18.56M | $28.97M | $57.39M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $300K | $575K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $623K | $0 |
| Total Working Capital Change | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $923K | $575K |
| Other Non-Cash Items | -$19.48M | -$17.34M | -$22.52M | $20.49M | -$10.02M | -$18.56M | -$22.12M | -$5.33M | -$19.9M | -$12.44M | -$4.34M | -$18.56M | $2.34M | $12.24M |
| Net Cash from Operating | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $32.23M | $69.63M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | - | - | - | - | - | - | - | - | - | - | - | - | $4.68M | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$27.41M | -$26.01M |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$43.62M |
| Net Cash from Financing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$32.09M | -$69.63M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $0 | $0 | $0 | $1.85M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $140K | -$165 |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $32.23M | $69.63M |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $32.23M | $69.63M |
| Cash at Beginning | $0 | $0 | $0 | $4K | $97K | $97K | $0 | $0 | $0 | $0 | $0 | $140K | $0 | $0 |
| Cash at End | $0 | $0 | $0 | $1.85M | $4K | $97K | $0 | $0 | $0 | $0 | $0 | $140K | $140K | -$165 |