Oaktree Capital Group, LLC OAK Income Statement

Oaktree capital group, llc (OAK)

Income statement / TTM

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
Revenues:
Total revenues
706,491	928,987	1,379,336	1,415,373	1,315,173	1,386,079	1,102,926	1,096,731	1,517,503	1,469,767	1,456,982	1,512,180	1,160,841	1,125,746	876,544	636,805	405,576	201,905	207,040	208,109	0	-	0	0	-	194,922	198,541	173,661	150,454	144,983	134,126	139,703	148,389	155,770	0	0	0
Expenses:
Compensation and benefits
286,132	368,196	426,979	417,485	413,443	407,674	403,728	400,165	397,094	392,827	385,646	384,974	385,974	389,892	406,733	410,421	415,169	416,907	415,136	415,378	400,363	388,512	378,567	372,745	370,273	365,696	361,749	349,230	339,269	330,018	328,010	310,729	314,346	308,194	0	0	0
Equity-based compensation
56,569	65,533	78,131	70,099	62,697	62,989	58,422	59,503	59,005	59,337	60,793	64,803	64,781	63,724	62,558	55,214	56,571	54,381	51,452	49,515	43,919	41,395	37,790	34,553	31,171	28,441	29,737	29,915	30,605	36,342	265,665	496,180	723,778	948,746	0	0	0
Incentive income compensation
123,879	175,753	348,197	364,064	306,160	338,675	216,282	215,350	466,688	416,481	403,149	424,172	193,077	168,276	146,474	103,996	103,746	160,831	157,403	195,544	196,592	221,194	344,906	351,080	443,774	482,551	412,772	393,096	325,108	222,594	186,130	172,961	153,225	179,234	0	0	0
Total compensation and benefits expense
466,580	609,482	853,307	851,648	782,300	809,338	678,432	675,018	922,787	868,645	849,588	873,949	643,832	621,892	615,765	569,631	575,486	632,119	623,991	660,437	640,874	651,101	761,263	758,378	845,218	876,688	804,258	772,241	694,982	588,954	779,805	979,870	1,191,349	1,436,174	0	0	0
General and administrative
148,350	189,447	227,616	178,816	168,122	153,483	150,648	136,693	131,637	130,892	123,101	131,257	129,818	145,430	146,014	151,389	151,928	110,677	98,333	76,000	74,177	99,835	113,374	129,174	126,901	114,404	105,578	100,449	95,223	101,417	95,714	96,731	100,491	97,034	0	0	0
Depreciation and amortization
14,175	20,287	26,182	26,039	26,024	25,862	25,323	21,901	18,354	15,776	14,011	14,841	15,885	16,222	16,067	16,232	15,291	14,022	11,896	10,266	8,974	8,003	7,991	7,380	7,297	7,119	7,167	0	0	-	0	-	-	-	-	-	-
Consolidated fund expenses
35,041	23,315	15,499	11,788	10,563	11,888	11,988	11,385	11,039	10,030	9,226	8,445	7,179	5,792	69,812	98,585	147,413	184,090	159,573	208,973	201,107	188,538	175,336	124,789	110,460	108,851	102,613	93,511	99,196	92,835	100,533	104,224	103,361	105,073	0	0	0
Total expenses
664,146	842,531	1,122,604	1,068,291	987,009	1,000,571	866,391	844,997	1,083,817	1,025,343	995,926	1,028,492	796,714	789,336	847,658	835,837	890,118	940,908	893,793	955,676	925,132	947,477	1,057,964	1,019,721	1,089,876	1,107,062	1,023,211	977,073	898,541	790,603	984,536	1,187,408	1,401,784	1,644,864	0	0	0
Other income (loss):
Interest expense
196,006	197,159	194,250	173,823	165,297	160,111	156,595	152,915	161,697	169,888	162,558	159,196	141,675	120,610	148,314	171,923	197,935	216,799	201,013	179,554	152,511	129,942	102,492	85,265	73,579	61,160	55,065	48,517	46,364	45,773	46,718	47,318	49,042	50,943	0	0	0
Interest and dividend income
370,417	368,870	360,848	333,456	316,788	287,155	265,116	245,844	229,778	215,119	199,933	191,532	176,756	165,066	574,609	0	0	-	0	-	-	-	-	-	-	-	-	-	1,832,951	1,966,317	2,027,612	2,033,482	2,370,566	2,565,630	0	0	0
Net realized gain on consolidated funds investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,277,950	2,058,012	1,744,135	0	0	0
Net realized loss on consolidated funds’ investments
-51,201	-17,773	-20,055	-26,203	-43,946	-23,528	6,136	19,340	36,871	20,400	20,701	15,873	22,320	27,593	-464,848	-145,145	705,721	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Net change in unrealized appreciation (depreciation) on consolidated funds’ investments
-373,247	9,937	-111,686	-60,170	-93,089	-164,592	-36,671	-43,561	15,997	55,061	60,082	66,651	32,897	-12,453	-2,373,731	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	-	0
Investment income (loss)
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment Income, Nonoperating
-	-	129,232	160,609	-	157,110	200,353	193,218	185,401	201,289	213,539	228,236	220,130	199,126	149,445	94,029	68,723	51,958	57,264	52,690	41,386	33,695	48,576	54,276	48,775	56,027	30,299	27,129	31,945	25,382	17,637	10,947	11,585	8,600	0	0	0
Other income, net
88	58	600	6,229	7,107	7,782	130,780	130,569	134,553	138,519	16,577	11,702	12,352	13,490	17,973	23,798	21,113	20,006	15,937	12,264	9,410	3,018	1,003	-1,544	-1,269	409	-1,095	-1,302	4,740	7,027	6,930	7,303	1,821	-1,209	0	0	0
Total other income (loss)
-275,203	310,502	164,689	240,098	206,260	103,816	409,119	392,495	440,903	460,500	348,274	354,798	322,780	272,212	-336,719	-2,050,869	-2,225,917	-776,410	-185,068	1,064,122	2,657,662	2,947,671	4,856,583	6,479,373	6,288,491	7,149,104	6,720,740	7,829,628	7,559,030	7,348,895	7,920,518	1,902,029	1,455,461	1,201,537	0	0	0
Income (loss) before income taxes
-232,858	396,958	421,421	587,180	534,424	489,324	645,654	644,229	874,589	904,924	809,330	838,486	686,907	608,622	-307,833	-2,249,901	-2,710,459	-1,515,413	-878,404	312,655	1,936,812	2,194,088	3,988,036	5,651,612	5,391,429	6,236,964	5,896,070	7,026,216	6,810,943	6,703,275	7,070,108	854,324	202,066	-287,557	0	0	0
Income taxes
6,920	9,620	18,095	19,865	22,880	24,779	201,574	208,863	209,537	215,442	44,401	39,111	42,141	42,519	32,114	25,440	22,354	17,549	14,701	18,149	18,425	18,536	26,446	21,831	24,061	26,232	22,239	27,314	33,248	30,858	32,661	28,188	21,845	21,088	0	0	0
Net income (loss)
-239,778	387,338	403,326	567,315	511,544	464,545	444,080	435,366	665,052	689,482	764,929	799,375	644,766	566,103	-339,947	-2,275,341	-2,732,813	-1,532,962	-893,105	294,506	1,918,387	2,175,552	3,961,590	5,629,781	5,367,368	6,210,732	5,873,831	6,998,902	6,777,695	6,672,417	7,037,447	826,136	180,221	-308,645	0	0	0
Less:
Net income attributable to non-controlling redeemable interests in consolidated funds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	6,756,560	925,699	531,944	233,573	0	0	0
Net income attributable to preferred unitholders
27,316	27,316	28,855	25,935	19,106	12,277	3,909	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) attributable to OCG Class A unitholders
-60,143	154,839	0	0	0	223,418	0	0	0	231,494	0	289,819	221,542	194,705	146,817	90,407	61,174	71,349	84,344	101,370	112,742	126,283	166,800	190,835	216,226	221,998	196,362	178,626	146,768	107,810	39,596	-22,159	-67,237	-95,972	0	0	0
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
450,453	578,863	698,112	693,546	696,539	712,020	722,852	728,969	730,901	726,414	732,313	741,975	756,962	774,587	631,002	487,134	343,042	195,308	194,669	201,806	202,443	192,055	189,417	191,960	190,497	192,605	192,177	165,977	145,087	134,568	127,758	131,889	134,097	140,715	0	0	0
Incentive income
Total revenues
256,038	350,124	681,224	721,827	618,634	674,059	380,074	367,762	786,602	743,353	724,669	770,205	403,879	351,159	245,542	149,671	62,534	6,597	3,949	564	0	-	0	0	-	-	0	0	-	10,415	6,368	7,814	14,292	15,055	0	0	0
Consolidated Funds
Net income (loss) attributable to non-controlling interests
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to non-controlling interests
-	-	22,751	41,386	-	-41,691	27,453	23,016	34,237	33,204	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Consolidated Subsidiaries
Net income (loss) attributable to non-controlling interests
-32,953	138,879	204,132	283,008	274,989	282,818	262,701	269,242	401,504	424,784	0	0	0	-	-	-	-	-	-	0	0	-	530,526	592,383	726,336	824,795	786,100	775,927	675,392	548,265	241,291	-77,404	-284,486	-446,246	0	0	0