Oaktree Capital Group, LLC OAK Cash Flow

Oaktree capital group, llc (OAK)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities:
Net income (loss)
-442,716	102,308	-20,898	121,528	184,400	118,296	143,091	65,757	137,401	97,831	134,377	295,443	161,831	173,278	168,823	140,834	83,168	-732,772	-1,766,571	-316,638	1,283,019	-92,915	-578,960	1,307,243	1,540,184	1,693,123	1,089,231	1,044,830	2,383,548	1,356,222	2,214,302	823,623	2,278,270	1,721,252	-3,997,009	177,708	1,789,404
Adjustments to reconcile net income to net cash used in operating activities:
Investment (income) loss
-109,673	-	-	-	62,150	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adoption of revenue recognition standard
-	-	-	-	-	0	0	0	48,709	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment income
-	-	-	-	-	7,428	58,196	56,923	34,563	50,671	51,061	49,106	50,451	62,921	65,758	41,000	29,447	13,240	10,342	15,694	12,682	18,546	5,768	4,390	4,991	33,427	11,468	-1,111	12,243	7,699	8,298	3,705	5,680	-46	1,608	4,343	2,695
Depreciation and amortization
452	555	6,602	6,566	6,564	6,450	6,459	6,551	6,402	5,911	3,037	3,004	3,824	4,146	3,867	4,048	4,161	3,991	4,032	3,107	2,892	1,865	2,402	1,815	1,921	1,853	1,791	1,732	1,743	1,824	1,901	1,885	1,787	1,753	1,723	1,507	1,600
Equity-based compensation
5,365	5,777	22,779	22,648	14,329	18,375	14,747	15,246	14,621	13,808	15,828	14,748	14,953	15,264	19,838	14,726	13,896	14,098	12,494	16,083	11,706	11,169	10,557	10,487	9,182	7,564	7,320	7,105	6,452	8,860	7,498	7,795	12,189	238,183	238,013	235,393	237,157
Net realized and unrealized (gain) loss from consolidated funds’ investments
-365,314	-16,767	-44,628	2,261	51,298	-140,672	740	-48,401	213	16,913	7,054	28,688	22,806	22,235	8,795	1,381	-17,271	-	-	-	-	-	-	-	-	-	-	-	-	-	-	553,305	1,879,961	1,575,497	-4,111,148	-223,779	1,438,889
Amortization (accretion) of original issue and market discount of consolidated funds’ investments, net
7,828	-680	7	2,457	1,841	1,511	1,468	1,182	838	890	1,001	1,512	413	909	814	1,960	2,900	21,947	-5,703	5,190	4,932	-6,425	33,943	-36,551	14,943	41,189	-11,234	12,332	31,089	25,863	32,895	33,426	27,948	13,316	-4,336	161,868	-52,485
Income distributions from corporate investments in funds and companies
2,401	10,601	21,148	57,371	45,392	19,937	51,054	66,016	60,794	50,459	36,398	51,522	44,465	36,079	33,188	18,130	34,024	1,426	12,545	20,137	16,144	4,347	10,647	15,375	15,448	0	10,023	10,193	17,490	0	0	0	0	-	-	-	-
Other non-cash items
-46	366	-665	-1,210	-1,420	-493	-691	-638	-139	-249	254	-516	-517	558	-4,638	-203	-405	-6,505	-14,902	2,461	3,257	2,951	2,972	1,615	4,504	-	-	-	-	-	-	-	-	-	-	-	-
Cash flows due to changes in operating assets and liabilities:
(Increase) decrease in other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-24,080	-7,517	-	1,259	16,820	-8,997	-20,260	2,246	-63,088	104,354	-121,628	127,103	1,950	1,254	10,923	13,163	-62,506	72,331
Decrease in net due from affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	477	4,250	-	-8,056	8,080	-1,607	-4,029	2,482	203	-7,294	-15,285	3,148	-3,455	-6,360	-5,722	-421	-9,441	604
Decrease in accrued compensation expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32,899	-147,152	-	71,787	21,943	-125,747	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in accounts payable, accrued expenses and other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-16,461	-7,824	-	11,273	4,747	12,121	5,909	-27,047	10,637	-9,023	29,354	61,004	7,601	-78,528	16,596	42,826	20,198	-85,273
Net cash used in operating activities
-400,580	-337,468	-1,810,118	-929,550	-56,511	-478,448	-109,668	-176,631	147,730	-97,995	-164,603	171,867	-245,574	-113,609	36,210	88,314	-328,821	1,225,337	-894,570	623,864	-1,897,858	-1,452,105	-448,999	-1,441,166	-984,266	772,385	189,850	2,216,672	2,257,110	3,477,345	788,867	662,038	2,029,108	-433,342	-1,248,443	1,056,382	1,755,013
Cash flows from investing activities:
Purchases of U.S. Treasury and other securities
7,221	0	64,505	195,423	342,672	256,682	453,362	195,876	142,163	187,654	9,791	192,994	220,035	241,356	160,009	400,332	72,783	94,997	24,923	110,448	155,274	175,167	125,273	114,530	0	0	0	632,310	70,146	89,780	39,615	59,672	69,855	-759	29,826	227,005	50,061
Proceeds from maturities and sales of U.S. Treasury and other securities
7,141	4,979	427,960	265,418	431,573	179,963	256,030	152,420	89,654	335,677	240,394	234,858	380,741	160,004	168,007	335,007	115,000	90,001	50,000	0	240,054	0	50,000	70,000	316,041	30,265	231,205	45,000	90,000	80,005	55,000	55,000	80,000	25,000	25,000	25,000	20,000
Corporate investments in funds and companies
37,919	-	-	-	8,593	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions and proceeds from corporate investments in funds and companies
6,237	-	-	-	74,540	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions and proceeds from corporate investments in funds and companies
6,237	869,425	-223,134	-225,322	74,540	570,699	-29,345	-7,450	-209,006	428,177	-30,298	-53,655	-79,998	356,777	-42,849	-69,348	-62,811	-12,384	-1,792	-13,344	-30,434	-12,090	-23,430	-46	-2,775	-609	-533	-1,509	8	-82,732	31,496	-8,577	-3,891	-24,362	21,059	1,193	-10,351
Corporate investments in funds and companies
37,919	10,195	155,771	90,114	8,593	229,789	67,386	68,892	76,149	83,347	52,517	14,649	8,150	62,657	13,579	17,691	19,537	40,984	891	26,466	13,932	45,118	883	461	22,037	50,812	5,438	1,475	1,957	8,493	850	5,192	2,100	-354	40,964	12,808	70
Purchases of fixed assets
84	398	2,062	1,210	3,094	2,289	2,086	1,236	205	2,377	13,006	9,780	4,250	2,831	63,440	2,544	1,615	2,655	4,078	4,530	12,461	65	2,095	1,512	1,333	1,582	1,638	1,263	126	587	1,114	645	2,872	4,573	1,643	2,711	1,456
Net cash (used in) provided by investing activities
-31,846	115,979	428,756	54,913	151,754	-229,700	-237,459	-106,134	80,143	-156,861	200,426	71,090	228,304	-140,079	-26,172	-16,212	83,876	-36,251	21,900	-128,100	88,821	-208,260	-80,458	-46,457	295,446	-31,520	184,662	-588,555	17,779	27,934	19,981	-1,932	9,064	22,100	-44,690	-218,717	-21,236
Cash flows from financing activities:
Repayments of debt obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	10,714	218,750	6,250	6,250	16,965	6,250	253,750	7,500	18,214	7,500	7,500	7,500	28,929	7,500
Purchase of OCGH units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	237,820	-	0	0	296,400	-833	0	419,908	833	0	0	322,260	675	0	0	0	39,623
Repurchase and cancellation of units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	4,290	-	30	0	2,055	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to Class A unitholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30,958	24,508	-	23,914	42,610	38,473	28,297	57,742	42,567	31,690	16,600	23,842	16,819	9,528	6,576	11,565	14,513	20,409
Distributions to OCGH unitholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	81,210	74,181	-	71,838	132,160	140,302	94,512	187,150	187,211	152,740	78,192	113,064	87,783	78,239	68,026	59,155	107,621	181,875
Proceeds from issuance of debt obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	250,000	0	250,000	0	0	0	0	-	-	-	-	0	0	0	300,000
Net cash provided by (used in) financing activities
483,768	314,358	1,283,162	1,244,836	-112,054	685,550	354,491	80,692	-125,750	-40,351	-11,863	15,933	-14,751	451,029	133,592	-42,941	221,647	-1,101,483	1,369,438	-176,763	901,077	-	-	-	1,036,870	-720,599	-656,984	-2,440,355	-1,495,006	-4,259,031	-710,771	-1,013,757	-1,609,219	912,554	68,094	-1,259,159	-3,388,123
Effect of exchange rate changes on cash
-9,936	3,789	-11,318	624	-1,384	-1,736	2,542	-1,103	58	13,264	10,288	18,901	-3,168	-231	-12,694	-51	6,430	-3,798	16,233	-2,469	-22,770	-8,384	-65,363	59,252	-747	-6,630	16,927	1,901	-8,498	957	8,509	-8,389	2,163	-1,122	-11,616	3,625	8,585
Net increase (decrease) in cash and cash-equivalents
41,406	96,658	-109,518	370,823	-18,195	-24,334	9,906	-203,176	102,181	-281,943	34,248	277,791	-35,189	197,110	130,936	29,110	-16,868	83,805	513,001	316,532	-930,730	-517,974	488,788	392,712	347,303	13,636	-265,545	-810,337	771,385	-752,795	106,586	-362,040	431,116	500,190	-1,236,655	-417,869	-1,645,761
Initial consolidation of funds
236	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Initial consolidation (deconsolidation) of funds
-	-	-	-	-	-	-	-	-	5,358	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deconsolidation of funds
-	-	-	-	-	-	0	0	12,315	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosure of non-cash activities:
Change in cash and cash-equivalents from adoption of accounting guidance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Oaktree Capital Group Excluding Consolidated Funds
Decrease in deferred tax assets
-1,100	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Increase) decrease in other assets
-4,231	-8,248	2,470	-40	1,453	17,608	-29,482	-5,169	6,298	-1,657	3,486	-8,322	-1,325	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in net due from affiliates
95,323	-104,176	-27,598	226,937	82,452	-294,497	-20,898	4,954	69,374	-241,572	-13,942	1,873	69,025	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in accrued compensation expense
-51,773	35,959	-34,433	35,045	-192,471	208,891	55,990	-29,752	-73,603	70,304	24,374	28,365	-132,186	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in accounts payable, accrued expenses and other liabilities
-1,286	-1,353	54,749	-13,642	24,218	-7,664	-9,777	-5,147	51	-11,161	7,832	4,714	6,148	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital contributions
19,817	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from issuance of Class A units
-	-	-	-	-	0	0	0	219,750	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of OCGH units
-	-	-	-	-	0	0	0	219,525	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase and cancellation of units
0	0	2,239	27	9,925	0	1,362	380	10,453	847	1,773	8	9,689	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to Class A unitholders
21,445	2,939	306,169	76,587	53,738	50,058	39,126	68,331	53,426	36,178	84,092	46,157	39,785	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to preferred unitholders
6,829	6,829	6,829	6,829	6,829	8,368	3,909	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to OCGH unitholders
13,599	1,866	193,831	96,258	68,366	65,932	53,311	91,331	73,933	59,594	141,756	82,108	72,376	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to non-controlling interests
0	0	1,066	1,166	1,189	1,221	1,145	1,315	1,240	1,167	1,275	1,168	1,174	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of debt issuance costs
-	-	-	-	-	0	0	0	2,235	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Consolidated Funds
Increase (decrease) in accounts payable, accrued expenses and other liabilities
-	-	-	-	-	4,013	4,428	3,206	1,985	-640	-3,847	1,043	6,246	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in accounts payable, accrued expenses and other liabilities
-25,195	-	-	-	3,979	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Increase) decrease in dividends and interest receivable
-1,014	-	-	-	2,060	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in dividends and interest receivable
-	-	-	-	-	4,524	2,558	-1,354	826	3,942	1,986	-2,231	631	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Increase) decrease in due from brokers
8,221	-	-	-	-10,736	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in due from brokers
-	-	-	-	-	-5,673	-39,755	-5,877	8,622	777	-12,199	15,860	-48,895	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in receivables for securities sold
77,436	-	-	-	22,573	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Increase) decrease in receivables for securities sold
-	-	-	-	-	-3,004	-51,935	45,144	-65,327	-40,418	37,303	243	104,540	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Increase) decrease in other assets
4,619	-	-	-	-266	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in other assets
-	-	-	-	-	-438	573	-658	809	377	-481	312	78	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in payables for securities purchased
5,017	-	-	-	51,123	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in payables for securities purchased
-	-	-	-	-	93,686	-191,911	-21,421	833	-87,764	117,259	-102,750	332,907	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of securities
1,353,014	-	-	-	694,115	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of securities
-	-	-	-	-	1,505,901	968,720	1,327,467	1,147,150	1,490,173	1,223,432	1,086,260	1,537,496	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturities and sales of securities
981,572	-	-	-	546,571	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturities and sales of securities
-	-	-	-	-	727,635	747,541	1,086,578	1,015,016	1,323,954	826,978	1,044,817	912,891	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to non-controlling interests
-	-	-	-	-	98,112	39,123	104,483	93,323	107,420	8,395	23,040	9,762	-	-	-	-	-	-	1,740	1,356	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to non-controlling interests
127,267	-	-	-	62,641	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of debt issuance costs
1,168	-	-	-	768	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of debt issuance costs
-	-	-	-	-	0	0	872	899	377	4,076	3,706	0	-	-	-	-	-	-	0	0	-	1,468	0	728	0	0	0	0	-	-	-	-	0	0	0	2,611
Contributions from non-controlling interests
463,547	-	-	-	80,653	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contributions from non-controlling interests
-	-	-	-	-	339,298	785	47,432	59,745	120,800	115,032	61,146	34,786	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from debt obligations issued by CLOs
186,085	-	-	-	75,947	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from debt obligations issued by CLOs
-	-	-	-	-	-	537,262	127,575	505,480	-	9,874	796,363	412,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment on debt obligations issued by CLOs
42,263	-	-	-	65,198	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment on debt obligations issued by CLOs
-	-	-	-	-	-	272,495	1,272	455,691	-	1,265	830,933	412,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings on credit facilities
75,380	-	-	-	372,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings on credit facilities
-	-	-	-	-	0	0	0	0	0	448,100	162,500	91,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments on credit facilities
48,490	-	-	-	372,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments on credit facilities
-	-	-	-	-	0	0	0	0	2,892	342,237	16,956	8,251	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-