Oaktree capital group, llc (OAK)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Revenues:
Total revenues

43,919

143,899

205,190

313,483

266,415

594,248

241,227

213,283

337,321

311,095

235,032

634,055

289,585

298,310

290,230

282,716

254,490

49,108

50,491

51,487

50,819

-

54,243

51,560

-

43,183

56,786

52,414

42,539

46,802

31,906

29,207

37,068

35,945

37,483

37,893

44,449

Expenses:
Compensation and benefits

32,459

33,277

111,281

109,115

114,523

92,060

101,787

105,073

108,754

88,114

98,224

102,002

104,487

80,933

97,552

103,002

108,405

97,774

101,240

107,750

110,143

96,003

101,482

92,735

98,292

86,058

95,660

90,263

93,715

82,111

83,141

80,302

84,464

80,103

65,860

83,919

78,312

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

Incentive income compensation

426

38,904

11,427

73,122

52,300

211,348

27,294

15,218

84,815

88,955

26,362

266,556

34,608

75,623

47,385

35,461

9,807

53,821

4,907

35,211

66,892

50,393

43,048

36,259

91,494

174,105

49,222

128,953

130,271

104,326

29,546

60,965

27,757

67,862

16,377

41,229

53,766

Total compensation and benefits expense

38,250

77,958

145,487

204,885

181,152

321,783

143,828

135,537

208,190

190,877

140,414

383,306

154,048

171,820

164,775

153,189

132,108

165,693

118,641

159,044

188,741

157,565

155,087

139,481

198,968

267,727

152,202

226,321

230,438

195,297

120,185

149,062

124,410

386,148

320,250

360,541

369,235

General and administrative

6,506

4,855

86,851

50,138

47,603

43,024

38,051

39,444

32,964

40,189

24,096

34,388

32,219

32,398

32,252

32,949

47,831

32,982

37,627

33,488

6,580

20,638

15,294

31,665

32,238

34,177

31,094

29,392

19,741

25,351

25,965

24,166

25,935

19,648

26,982

27,926

22,478

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

-

1,901

-

-

-

-

-

-

Consolidated fund expenses

13,881

10,321

6,540

4,299

2,155

2,505

2,829

3,074

3,480

2,605

2,226

2,728

2,471

1,801

1,445

1,462

1,084

65,821

30,218

50,290

37,761

41,304

79,618

42,424

25,192

28,102

29,071

28,095

23,583

21,864

19,969

33,780

17,222

29,562

23,660

32,917

18,934

Total expenses

59,089

93,689

245,480

265,888

237,474

373,762

191,167

184,606

251,036

239,582

169,773

423,426

192,562

210,165

202,339

191,648

185,184

268,487

190,518

245,929

235,974

221,372

252,401

215,385

258,319

331,859

214,158

285,540

275,505

248,008

168,020

207,008

167,567

441,941

370,892

421,384

410,647

Other income (loss):
Interest expense

44,612

47,516

59,883

43,995

45,765

44,607

39,456

35,469

40,579

41,091

35,776

44,251

48,770

33,761

32,414

26,730

27,705

61,465

56,023

52,742

46,569

45,679

34,564

25,699

24,000

18,229

17,337

14,013

11,581

12,134

10,789

11,860

10,990

13,079

11,389

13,584

12,891

Interest and dividend income

93,799

90,088

101,882

84,648

92,252

82,066

74,490

67,980

62,619

60,027

55,218

51,914

47,960

44,841

46,817

37,138

36,270

-

454,384

-

-

-

-

-

-

-

-

-

406,252

510,353

452,473

463,873

539,618

571,648

458,343

800,957

734,682

Net realized gain on consolidated funds investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

733,521

1,074,138

435,369

34,922

513,583

760,261

Net realized loss on consolidated funds’ investments

-39,247

-8,737

-3,664

447

-5,819

-11,019

-9,812

-17,296

14,599

18,645

3,392

235

-1,872

18,946

-1,436

6,682

3,401

-

318,267

857,548

474,830

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-737,362

-

Net change in unrealized appreciation (depreciation) on consolidated funds’ investments

-326,067

-8,030

-40,964

1,814

57,117

-129,653

10,552

-31,105

-14,386

-1,732

3,662

28,453

24,678

3,289

10,231

-5,301

-20,672

-

-2,357,989

-

-

-

-

-

-

-

-

-

-

-

-

-180,216

805,823

-

-4,146,070

-

678,628

Investment income (loss)

-109,673

-

-

-

62,150

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment Income, Nonoperating

-

-

26,819

32,835

-

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

Other income, net

52

0

0

36

22

542

5,629

914

697

123,540

5,418

4,898

4,663

1,598

543

5,548

5,801

6,081

6,368

2,863

4,694

2,012

2,695

9

-1,698

-3

148

284

-20

-1,507

-59

6,326

2,267

-1,604

314

844

-763

Total other income (loss)

-425,748

50,570

24,190

75,785

159,957

-95,243

99,599

41,947

57,513

210,060

82,975

90,355

77,110

97,834

89,499

58,337

26,542

-511,097

-1,624,651

-116,711

1,476,049

80,245

-375,461

1,476,829

1,766,058

1,989,157

1,247,329

1,285,947

2,626,671

1,560,793

2,356,217

1,015,349

2,416,536

2,132,416

-3,662,272

568,781

2,162,612

Income (loss) before income taxes

-440,918

100,780

-16,100

123,380

188,898

125,243

149,659

70,624

143,798

281,573

148,234

300,984

174,133

185,979

177,390

149,405

95,848

-730,476

-1,764,678

-311,153

1,290,894

-93,467

-573,619

1,313,004

1,548,170

1,700,481

1,089,957

1,052,821

2,393,705

1,359,587

2,220,103

837,548

2,286,037

1,726,420

-3,995,681

185,290

1,796,414

Income taxes

1,798

-1,528

4,798

1,852

4,498

6,947

6,568

4,867

6,397

183,742

13,857

5,541

12,302

12,701

8,567

8,571

12,680

2,296

1,893

5,485

7,875

-552

5,341

5,761

7,986

7,358

726

7,991

10,157

3,365

5,801

13,925

7,767

5,168

1,328

7,582

7,010

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

Less:
Net income attributable to non-controlling redeemable interests in consolidated funds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,063,965

-

2,069,855

673,673

2,124,772

1,888,260

-3,761,006

279,918

1,826,401

Net income attributable to preferred unitholders

6,829

6,829

6,829

6,829

6,829

8,368

3,909

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) attributable to OCG Class A unitholders

-167,728

61,302

-9,819

42,444

47,254

82,906

52,750

31,121

52,732

13,414

45,841

117,324

54,915

59,283

58,297

49,047

28,078

11,395

1,887

19,814

38,253

24,390

18,913

31,186

51,794

64,907

42,948

56,577

57,566

39,271

25,212

24,719

18,608

-28,943

-36,543

-20,359

-10,127

Distributions declared per Class A unit (in dollars per share)

0.22

0.03

3.13

1.05

0.75

0.70

0.55

0.96

0.76

0.56

1.31

0.71

0.63

0.65

0.58

0.55

0.47

0.40

0.50

0.64

0.56

0.62

0.55

0.98

1.00

0.74

1.51

1.41

1.05

0.55

0.79

0.55

0.42

-

0.51

0.64

0.90

Net income (loss) per Class A unit (basic and diluted):
Net income per Class A unit (in dollars per share)

-1.71

0.58

-0.22

0.57

0.66

1.03

0.74

0.44

0.78

0.20

0.71

1.83

0.87

0.95

0.93

0.78

0.45

0.15

0.04

0.41

0.85

0.52

0.43

0.72

1.30

1.61

1.12

1.71

1.91

1.33

0.84

0.84

0.82

-1.27

-1.61

-0.90

-0.45

Weighted average Oaktree Operating Group units outstanding (in shares)

98,014

98,213

75,995

74,340

71,632

71,640

71,369

71,177

67,918

64,983

64,394

64,193

63,022

62,994

62,755

62,617

61,894

55,421

48,440

48,372

45,063

43,668

43,480

43,480

39,700

38,471

38,239

33,020

30,186

30,225

30,181

29,586

22,688

22,677

22,677

22,677

22,677

Management fees
Total revenues

41,524

54,065

179,761

175,103

169,934

173,314

175,195

178,096

185,415

184,146

181,312

180,028

180,928

190,045

190,974

195,015

198,553

46,460

47,106

50,923

50,819

45,821

54,243

51,560

40,431

43,183

56,786

50,097

42,539

42,755

30,586

29,207

32,020

35,945

34,717

31,415

38,638

Incentive income
Total revenues

2,395

89,834

25,429

138,380

96,481

420,934

66,032

35,187

151,906

126,949

53,720

454,027

108,657

108,265

99,256

87,701

55,937

2,648

3,385

564

0

-

0

0

-

-

0

2,317

-

4,047

1,320

0

5,048

0

2,766

6,478

5,811

Consolidated Funds
Net income (loss) attributable to non-controlling interests

-176,100

-

-

-

64,202

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to non-controlling interests

-

-

-4,208

22,240

-

-59,483

14,427

-7,360

10,725

9,661

9,990

3,861

9,692

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Consolidated Subsidiaries
Net income (loss) attributable to non-controlling interests

-105,717

29,620

-6,871

50,015

66,115

94,873

72,005

41,996

73,944

74,756

78,546

174,258

97,224

-

-

-

-

-

-

55,509

108,101

-

67,551

91,813

163,558

207,604

129,408

225,766

262,017

168,909

119,235

125,231

134,890

-138,065

-199,460

-81,851

-26,870