Sculptor capital management, inc. (OZM)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash Flows from Operating Activities
Consolidated net loss

-20,385

-48,902

154,372

-315,987

167,313

711,312

1,255,825

-571,231

-1,463,688

-1,198,954

-1,375,462

Adjustments to reconcile consolidated net loss to net cash provided by operating activities:
Reorganization expenses

-

-

-

-

14,064

16,083

16,087

1,396,882

1,614,363

1,626,988

1,704,753

Amortization of equity-based compensation

127,505

87,130

84,169

75,217

112,639

114,727

133,832

86,006

128,916

128,737

122,461

Depreciation, amortization and net gains and losses on fixed assets

8,449

10,308

10,334

19,882

11,331

6,990

8,251

9,362

9,676

9,078

8,541

Net losses on early retirement of debt

-6,375

-14,303

0

0

-

-

-

-

12,494

-

21,797

Deferred income taxes

26,935

8,599

312,764

2,236

115,760

111,061

78,961

68,203

46,195

19,815

27,520

Non-cash lease expense

21,222

0

0

-

-

-

-

-

-

-

-

Net losses (gains) on investments, net of dividends

4,577

-11,350

3,465

3,760

-

-

-

-

-

-

-

Net gains on investments in funds and joint ventures

-

-

-

-

68

-

-

-

-

-

-

Operating cash flows due to changes in:
Income and fees receivable

132,552

-300,450

177,819

74,077

-

-

-

-

-

-

-

Income and fees receivable

-

-

-

-

-346,481

-502,262

350,638

517,571

-388,180

94,520

338,149

Due from related parties

-5,399

-7,448

7,708

10,502

3,133

-351

2,167

854

533

-332

-342

Other assets, net

-7,733

-30,607

6,388

8,376

-23,693

23,106

17,957

-3,042

2,259

-238,576

-188,004

Compensation payable

79,290

-106,645

2,658

29,479

-67,913

-69,152

97,440

102,671

-41,289

4,893

145,729

Unearned incentive income

-599

17,109

47,631

96,079

-

-

-

-

-

-

-

Unearned incentive income

-

-

-

-

0

-

-

-

-

-

-

Assets of consolidated Och-Ziff funds

-

-

-

-

-

-

-

-

-

140,419

90,969

Due to related parties

-2,674

266

-222,563

1,320

-109,515

-86,587

-36,386

-33,875

-37,347

-103,374

-112,863

Operating lease liabilities

-18,286

0

0

-

-

-

-

-

-

-

-

Other liabilities

1,107

-11,144

-3,869

-88,419

-8,120

22,130

15,383

7,905

-8,820

24,963

-1,697

Consolidated funds related items:
Net gains of consolidated funds

3,768

-5,200

8,472

2,915

-69,572

137,726

280,502

212,710

-

-

-

Realized gains of consolidated Och-Ziff funds

-

-

-

-

-

-

-

-

12,914

-

-

Change in unrealized gains of consolidated Och-Ziff funds

-

-

-

-

-

-

-

-

-6,258

-

-

Purchases of investments

128,917

378,626

423,147

242,474

4,122,079

4,732,159

3,218,982

1,855,599

497,706

-

-

Proceeds from sale of investments

263,505

245,309

184,783

231,591

4,136,801

4,275,275

2,979,785

802,568

194,576

-

-

Other assets of consolidated funds

31,832

7,769

307,379

-3,925

120,301

-175,200

-337,213

-241,823

22,148

-

-

Securities Sold Under Agreements To Repurchase

-

-

-

-

-111,515

44,575

34,148

121,980

78,083

-

-

Other liabilities of consolidated funds

8,041

3,203

80,421

5,319

-12,731

19,147

8,626

10,221

1,393

-

-

Proceeds from sale of fixed assets

-

-

-

-

0

-

-

-

-

-

-

Liabilities of consolidated Och-Ziff funds

-

-

-

-

-

-

-

-

-

27,558

29

Net Cash Used in Operating Activities

211,971

188,196

-283,678

-

-

-

-

-

368,442

543,673

256,442

Net Cash Provided by Operating Activities

-

-

-

-281,462

442,279

950,383

1,058,919

-341,177

-

-

-

Cash Flows from Investing Activities
Investments in joint ventures

-

-

-

-

-

-

-

-

-

4,981

6,120

Return of investments in joint ventures

-

-

-

-

-

-

-

-

-

6,589

3,730

Collateral deposit on aircraft loan

-

-

-

-

-

-

-

-

-

-

2,021

Purchases of fixed assets

1,935

5,830

4,990

8,808

43,801

74,921

3,483

2,248

-

349

1,123

Proceeds from sale of fixed assets

0

0

57,599

0

-

-

-

-

-

100

-

Deposit on corporate aircraft

-

-

-

-

-

-

-

0

-

-

-

Purchases of United States government obligations

400,766

293,183

112,400

59,909

0

36,974

0

0

-

-

-

Maturities and sales of United States government obligations

437,574

129,781

100,000

78,500

18,473

0

0

-

-

-

-

Investments in funds

110,650

179,930

165,519

40,920

2,826

15,522

15,000

0

-

-

-

Return of investments in funds

60,957

180,415

6,959

14,696

384

15,970

15,000

0

-

-

-

Other, net

-

-

-

17

0

-8,169

558

550

3,132

-

-

Loans to joint venture partners

-

-

-

-

-

-

-

-

-

-

3,132

Repayment of loan to joint venture partners

-

-

-

-

-

-

-

-

-

250

-

Net Cash (Used in) Provided by Investing Activities

-14,820

-168,747

-118,351

-

-

-

-

-

-3,132

1,609

-8,666

Net Cash Used in Investing Activities

-

-

-

-16,458

-27,770

-103,278

-4,041

-2,798

-

-

-

Cash Flows from Financing Activities
Issuance and sale of Preferred Units, net of issuance costs

0

0

150,054

246,457

0

0

-

-

-

-

-

Contributions from noncontrolling and redeemable noncontrolling interests

6,353

148,950

3,629

3,019

602,654

610,918

401,103

723,091

292,400

192,564

103,977

Distributions to noncontrolling and redeemable noncontrolling interests

104,098

52,506

22,526

477

824,890

1,136,294

1,180,875

301,579

489,386

450,451

120,020

Group A Unit repurchase

-

-

-

-

22,783

-

-

-

-

-

-

Och-Ziff Operating Group A Unit repurchase

-

-

-

-

-

0

0

-

-

-

-

Dividends on Class A Shares

19,578

24,842

12,972

0

153,452

293,135

213,909

56,670

104,100

74,039

14,788

Proceeds from debt obligations

-

-

-

-

3,606

-

-

-

-

-

-

Proceeds from debt obligations, net of issuance costs

3,423

301,558

154,490

135,951

-

446,036

0

384,500

-

-

-

Proceeds from issuance of Class A Shares in 2011 Offering

-

-

-

-

-

-

-

-

238,750

-

-

Proceeds from Delayed Draw Term Loan

-

-

-

-

-

-

-

-

6,500

-

-

Repayment of debt obligations, including prepayment costs

192,790

595,463

167,516

3,667

3,089

384,768

3,866

380,142

249,595

10,901

90,451

Proceeds from securities sold under agreements to repurchase, net of issuance costs

36,134

63,099

0

0

-

-

-

-

-

-

-

Proceeds from debt obligations of consolidated CLO

0

0

666,711

0

0

-

-

-

-

-

-

Repayment of debt obligations of consolidated CLO

0

0

222,434

0

0

-

-

-

-

-

-

Withholding taxes paid on vested RSUs

-

-

-

-

15,865

26,093

21,845

10,907

22,906

28,760

11,743

Equity-classified RSUs settled in cash

-

-

-

-

-

10,393

13,707

0

-

-

-

Other, net

-5,040

-5,874

-7,707

-7,620

2,777

7,253

5,710

-844

-5,539

-

-

Distribution of deferred balances and related taxes to Mr. Och

-

-

-

-

-

-

-

-

-

129,850

122,422

Net Cash Used in Financing Activities

-275,596

-165,078

541,729

-

-

-

-

-

-333,876

-501,437

-255,447

Net Cash Used in Financing Activities

-

-

-

373,663

-411,042

-786,476

-1,027,389

357,449

-

-

-

Net change in cash and cash equivalents and restricted cash

-78,445

-145,629

139,700

75,743

-

-

-

-

-

-

-

Cash paid during the period:
Interest

11,583

28,472

20,904

-

-

-

-

-

-

-

-

Interest

-

-

-

19,514

19,446

6,198

6,739

5,621

6,559

7,127

12,234

Income taxes

4,978

2,930

4,156

9,504

19,185

21,419

15,476

11,867

22,680

16,741

-8,139

Non-cash transactions:
Assets related to the initial consolidation of CLO

0

0

100,156

0

2,042,463

2,508,097

1,708,064

1,043,914

-

-

-

Liabilities related to the initial consolidation of CLO

0

0

99,878

0

2,078,301

2,553,400

1,732,640

1,051,828

-

-

-

Increase in paid-in capital as a result of tax receivable agreement amendment

51,000

0

10,500

-

-

-

-

-

-

-

-

Assets related to funds deconsolidated

92,946

0

653,629

9,351,057

0

-

-

-

-

-

-

Liabilities related to funds deconsolidated

49,588

0

629,282

7,233,850

0

-

-

-

-

-

-

Increase In Paid In Capital As A Result Of Waiver Of Certain Payments Due Under The Tax Receivable Agreement

-

-

-

39,233

-

-

-

-

-

-

-

Reconciliation of cash and cash equivalents and restricted cash
Net Change in Cash and Cash Equivalents

-

-

-

-

3,467

60,629

27,489

13,474

31,434

43,845

-7,671

Increase in paid in capital as a result of TRA waiver

-

-

-

-

0

0

-

-

-

-

-

In-kind distribution of deferred balances

-

-

-

-

-

-

-

-

2,892

169,652

-

Collateral deposit on aircraft loan applied against principal

-

-

-

-

-

-

-

-

-

2,026

-

Capital lease additions

-

-

-

-

-

-

-

-

2,471

-

-