| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||
Net income (loss) | |||||||||
387,338 | 464,545 | 689,482 | 566,103 | -1,532,962 | 2,175,552 | 6,210,732 | 6,672,417 | -308,645 | 5,280,789 |
Adjustments to reconcile net income to net cash used in operating activities: | |||||||||
Adoption of revenue recognition standard | |||||||||
0 | 48,709 | 0 | 0 | - | - | - | - | - | - |
Investment income | |||||||||
146,569 | 157,110 | 201,289 | 199,126 | 51,958 | 33,695 | 56,027 | 25,382 | 8,600 | 6,620 |
Depreciation and amortization | |||||||||
20,287 | 25,862 | 15,776 | 16,222 | 14,022 | 8,003 | 7,119 | 7,397 | 6,583 | 6,481 |
Equity-based compensation | |||||||||
65,533 | 62,989 | 59,337 | 63,724 | 54,381 | 41,395 | 28,441 | 36,342 | 948,746 | 949,376 |
Loss related to arbitration award settlement | |||||||||
- | - | - | - | - | - | - | - | -1,800 | 11,730 |
Net realized and unrealized (gain) loss from consolidated funds’ investments | |||||||||
-7,836 | -188,120 | 75,461 | 15,140 | -2,590,377 | 1,138,324 | 5,347,467 | 5,395,942 | -1,320,541 | 4,350,126 |
Amortization (accretion) of original issue and market discount of consolidated funds’ investments, net | |||||||||
3,625 | 4,999 | 3,816 | 6,583 | 26,366 | 5,910 | 73,376 | 120,132 | 118,363 | 298,296 |
Income distributions from corporate investments in funds and companies | |||||||||
134,512 | 197,801 | 182,844 | 121,421 | 50,252 | 45,817 | 37,706 | 0 | 0 | - |
Other non-cash items | |||||||||
-2,929 | -1,961 | -1,028 | -4,688 | -15,689 | 12,042 | 4,701 | 2,238 | - | - |
Cash flows due to changes in operating assets and liabilities: | |||||||||
Decrease in deferred tax assets | |||||||||
- | - | - | - | - | - | -12,367 | -16,949 | - | - |
(Increase) decrease in other assets | |||||||||
- | - | - | - | - | - | 23,252 | 8,679 | 33,911 | -35,687 |
Decrease in net due from affiliates | |||||||||
- | - | - | - | - | - | -8,638 | -21,952 | -14,980 | -30,857 |
Decrease in accrued compensation expense | |||||||||
- | - | - | - | - | - | 159,734 | -66,676 | - | - |
Increase (decrease) in accounts payable, accrued expenses and other liabilities | |||||||||
- | - | - | - | - | - | -19,524 | 19,431 | -5,653 | -65,611 |
Net cash used in operating activities | |||||||||
-3,133,647 | -617,017 | -336,305 | -317,906 | -943,227 | -4,326,536 | 5,436,017 | 6,957,358 | 1,129,610 | 3,380,315 |
Cash flows from investing activities: | |||||||||
Purchases of U.S. Treasury and other securities | |||||||||
602,600 | 1,048,083 | 610,474 | 874,480 | 385,642 | 414,970 | 702,456 | 258,922 | 306,133 | 180,664 |
Proceeds from maturities and sales of U.S. Treasury and other securities | |||||||||
1,129,930 | 678,067 | 1,191,670 | 778,018 | 380,055 | 436,041 | 396,470 | 270,005 | 95,000 | 85,000 |
Distributions and proceeds from corporate investments in funds and companies | |||||||||
495,509 | 324,898 | 264,226 | 181,769 | -57,954 | -38,341 | -2,643 | -63,704 | -12,461 | -15,503 |
Corporate investments in funds and companies | |||||||||
264,673 | 442,216 | 158,663 | 113,464 | 82,273 | 68,499 | 59,682 | 16,635 | 53,488 | 44,090 |
Acquisition (BDCs) | |||||||||
0 | 0 | 319,435 | 0 | 0 | 25,637 | 0 | 0 | - | - |
Purchases of fixed assets | |||||||||
6,764 | 5,816 | 29,413 | 70,430 | 23,724 | 5,005 | 4,609 | 5,218 | 10,383 | 2,949 |
Proceeds from sale of fixed assets | |||||||||
0 | 0 | 5,048 | 0 | 0 | - | - | - | - | - |
Other | |||||||||
- | - | - | - | - | - | 50,000 | -2,113 | 0 | 0 |
Net cash (used in) provided by investing activities | |||||||||
751,402 | -493,150 | 342,959 | -98,587 | -53,630 | -39,729 | -417,634 | 55,047 | -262,543 | -127,200 |
Cash flows from financing activities: | |||||||||
Repayments of debt obligations | |||||||||
- | - | - | - | - | - | 35,715 | 286,964 | 51,429 | 21,429 |
Net proceeds from issuance of Class A units | |||||||||
- | - | - | - | - | - | 419,908 | 322,260 | 0 | 0 |
Purchase of OCGH units | |||||||||
- | - | - | - | - | - | 419,908 | 322,935 | 39,623 | 7,132 |
Repurchase and cancellation of units | |||||||||
- | - | - | - | - | - | 833 | 14,132 | 0 | 0 |
Distributions to Class A unitholders | |||||||||
- | - | - | - | - | - | 160,296 | 66,789 | 53,063 | 49,209 |
Distributions to OCGH unitholders | |||||||||
- | - | - | - | - | - | 621,613 | 357,278 | 416,677 | 404,005 |
Proceeds from issuance of debt obligations | |||||||||
- | - | - | - | - | - | 0 | 250,000 | 300,000 | 0 |
Contributions from non-controlling interests | |||||||||
- | - | - | - | - | - | 0 | - | - | - |
Net cash provided by (used in) financing activities | |||||||||
2,730,302 | 994,983 | -51,032 | 763,327 | 992,269 | 5,092,336 | -5,312,944 | -7,592,778 | -3,666,634 | -858,646 |
Effect of exchange rate changes on cash | |||||||||
-8,289 | -239 | 39,285 | -6,546 | -12,804 | -15,242 | 3,700 | 3,240 | -528 | -11,228 |
Net increase (decrease) in cash and cash-equivalents | |||||||||
339,768 | -115,423 | -5,093 | 340,288 | -17,392 | 710,829 | -290,861 | -577,133 | -2,800,095 | 2,383,241 |
Deconsolidation due to restructuring | |||||||||
145,295 | 0 | 0 | - | - | - | - | - | - | - |
Initial consolidation (deconsolidation) of funds | |||||||||
-184,407 | -12,315 | 5,358 | 0 | 0 | - | - | - | - | - |
Supplemental cash flow disclosures: | |||||||||
Cash paid for interest | |||||||||
136,385 | 131,113 | 146,341 | 99,740 | 159,460 | 79,222 | 47,360 | 37,738 | 34,670 | 31,783 |
Fair value of properties received in connection with arbitration award (non-cash) | |||||||||
- | - | - | - | - | - | - | - | - | 11,680 |
Cash paid for income taxes | |||||||||
8,887 | 13,103 | 22,853 | 15,178 | 5,586 | 7,947 | 15,526 | 18,524 | 18,918 | 23,050 |
Supplemental disclosure of non-cash activities: | |||||||||
Issuance of OCGH units related to the Highstar acquisition | |||||||||
- | - | - | - | - | 3,996 | 0 | 0 | - | - |
Net assets related to the initial consolidation of funds | |||||||||
162,630 | 0 | 296,971 | 34,095 | 0 | 961,634 | 0 | 0 | - | - |
Net assets related to the deconsolidation of funds | |||||||||
1,030,712 | 8,165 | 0 | 0 | - | - | - | - | - | - |
Net assets related to the deconsolidation due to restructuring | |||||||||
500,629 | 0 | 0 | - | - | - | - | - | - | - |
Non-controlling interests in consolidated subsidiaries acquired | |||||||||
- | - | - | - | - | 72,195 | 0 | 0 | - | - |
Oaktree Capital Group Excluding Consolidated Funds | |||||||||
Decrease in deferred tax assets | |||||||||
-122 | -13,122 | -202,294 | -24,578 | - | - | - | - | - | - |
(Increase) decrease in other assets | |||||||||
-4,365 | -10,745 | -7,818 | -23,833 | - | - | - | - | - | - |
Decrease in net due from affiliates | |||||||||
177,615 | -241,067 | -184,616 | -105,401 | - | - | - | - | - | - |
Decrease in accrued compensation expense | |||||||||
-155,900 | 161,526 | -9,143 | -34,915 | - | - | - | - | - | - |
Increase (decrease) in accounts payable, accrued expenses and other liabilities | |||||||||
63,972 | -22,537 | 7,533 | 33,595 | - | - | - | - | - | - |
Proceeds from issuance of debt obligations | |||||||||
0 | 0 | 250,000 | 100,000 | - | - | - | - | - | - |
Repayments of debt obligations | |||||||||
0 | 0 | 250,000 | 200,000 | - | - | - | - | - | - |
Net proceeds from issuance of Class A units | |||||||||
0 | 219,750 | 0 | 0 | - | - | - | - | - | - |
Purchase of OCGH units | |||||||||
0 | 219,525 | 0 | 0 | - | - | - | - | - | - |
Repurchase and cancellation of units | |||||||||
12,191 | 12,195 | 12,317 | 12,764 | - | - | - | - | - | - |
Distributions to Class A unitholders | |||||||||
439,433 | 210,941 | 206,212 | 141,561 | - | - | - | - | - | - |
Distributions to preferred unitholders | |||||||||
27,316 | 12,277 | 0 | 0 | - | - | - | - | - | - |
Distributions to OCGH unitholders | |||||||||
360,321 | 284,507 | 355,834 | 252,902 | - | - | - | - | - | - |
Distributions to non-controlling interests | |||||||||
3,421 | 4,921 | 4,784 | 6,888 | - | - | - | - | - | - |
Net proceeds from issuance of preferred units | |||||||||
0 | 400,584 | 0 | 0 | - | - | - | - | - | - |
Payment of debt issuance costs | |||||||||
0 | 2,235 | 0 | 1,310 | - | - | - | - | - | - |
Consolidated Funds | |||||||||
Increase (decrease) in accounts payable, accrued expenses and other liabilities | |||||||||
61,380 | 13,632 | 2,802 | -3,367 | - | - | - | - | - | - |
Increase in dividends and interest receivable | |||||||||
7,092 | 6,554 | 4,328 | 3,122 | - | - | - | - | - | - |
Decrease in due from brokers | |||||||||
-11,476 | -42,683 | -44,457 | -57,605 | - | - | - | - | - | - |
(Increase) decrease in receivables for securities sold | |||||||||
25,285 | -75,122 | 101,668 | 21,200 | - | - | - | - | - | - |
Increase in other assets | |||||||||
5,251 | 286 | 286 | -25 | - | - | - | - | - | - |
Increase (decrease) in payables for securities purchased | |||||||||
56,694 | -118,813 | 259,652 | 149,575 | - | - | - | - | - | - |
Purchases of securities | |||||||||
6,684,118 | 4,949,238 | 5,337,361 | 3,460,598 | - | - | - | - | - | - |
Proceeds from maturities and sales of securities | |||||||||
2,900,134 | 3,576,770 | 4,108,640 | 2,470,177 | - | - | - | - | - | - |
Proceeds from issuance of debt obligations | |||||||||
4,754,098 | 1,741,258 | 1,709,592 | 839,448 | - | - | - | - | - | - |
Repayments of debt obligations | |||||||||
1,893,506 | 730,456 | 1,688,229 | 0 | - | - | - | - | - | - |
Distributions to non-controlling interests | |||||||||
107,499 | 335,041 | 148,617 | 59,757 | - | - | 0 | - | - | - |
Payment of debt issuance costs | |||||||||
4,199 | 1,771 | 8,159 | 13,015 | - | - | 0 | 2,351 | 2,611 | 0 |
Contributions from non-controlling interests | |||||||||
664,679 | 447,260 | 331,764 | 144,060 | - | - | - | - | - | - |
Borrowings on credit facilities | |||||||||
531,411 | 0 | 702,100 | 1,025,333 | - | - | - | - | - | - |
Repayments on credit facilities | |||||||||
372,000 | 0 | 370,336 | 657,317 | - | - | - | - | - | - |