SCULPTOR CAPITAL MANAGEMENT, INC. OZM Cash Flow

Sculptor capital management, inc. (OZM)

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	Dec'10	Sep'10	Jun'10	Mar'10
Cash Flows from Operating Activities
Consolidated net loss
-53,025	38,569	-36,001	-13,972	-8,981	7,019	-35,303	-33,364	12,746	96,941	15,918	35,696	5,817	2,721	31,533	-193,501	-156,740	-126,976	64,645	64,854	164,790	279,554	112,814	153,204	165,740	716,822	168,928	111,969	258,106	310,627	-289,141	-308,782	-283,935	-387,621	-366,297	-352,026	-357,744	-56,942	-378,572	-364,804	-398,636
Adjustments to reconcile consolidated net loss to net cash provided by operating activities:
Reorganization expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,012	4,018	4,017	4,017	4,018	4,023	4,021	4,021	4,023	4,022	4,021	4,021	201,547	398,503	398,416	398,416	400,602	408,594	399,312	405,855	378,565	411,828	411,789	424,806
Amortization of equity-based compensation
24,729	21,235	31,952	37,095	37,223	19,282	22,311	23,366	22,171	20,473	22,258	22,960	18,478	18,906	18,298	19,471	18,542	26,049	27,547	30,247	28,796	30,130	28,728	28,739	27,130	34,406	36,389	40,319	22,718	35,712	16,219	16,267	17,808	29,980	29,633	35,805	33,498	36,709	32,656	28,537	30,835
Depreciation, amortization and net gains and losses on fixed assets
1,802	1,508	2,166	2,364	2,411	2,599	2,543	2,794	2,372	2,641	2,237	1,244	4,212	4,935	7,965	3,580	3,402	3,196	2,986	3,000	2,149	1,752	1,607	1,803	1,828	1,907	2,022	2,002	2,320	2,277	2,406	2,321	2,358	2,423	2,389	2,390	2,474	2,185	2,322	2,286	2,285
Net losses on early retirement of debt
-523	-104	-218	-595	-5,458	0	0	-14,303	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-11,195	20,410	-3,848	8,309	2,064	11,940	-1,688	-3,810	2,157	300,369	189	1,597	10,609	-28,802	7,598	7,909	15,531	10,497	7,192	78,057	20,014	43,282	30,613	15,816	21,350	40,317	8,048	9,090	21,506	31,376	16,153	9,450	11,224	16,925	19,898	4,879	4,493	10,214	8,522	862	217
Non-cash lease expense
5,298	-	-	-	5,310	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating and finance lease assets amortization
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating and finance lease liabilities accretion
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net losses (gains) on investments, net of dividends
-35,204	3,754	-4,020	2,779	2,064	-7,112	-2,297	-2,253	312	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gains on investments in funds and joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	721	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating cash flows due to changes in:
Income and fees receivable
-171,613	180,583	-16,533	-22,098	-9,400	43,319	-19,650	-8,631	-315,488	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income and fees receivable
-	-	-	-	-	-	-	-	-	-	-3,273	20,801	-116,319	-	383	-28,869	-49,274	41,869	10,772	-33,322	-365,800	407,578	541	-32,288	-878,093	880,139	24,362	-73,154	-480,709	558,512	-3,318	19,978	-57,601	41,425	7,679	2,342	-439,626	437,774	1,818	7,579	-352,651
Due from related parties
2,458	-6,360	2,974	-1,938	-75	-11,589	92	-1,199	5,248	5,400	-7,211	10,661	-1,142	614	-1,870	10,430	1,328	362	-550	6,047	-2,726	554	-2,578	4,254	-2,581	2,535	-2,551	3,829	-1,646	1,341	-388	931	-1,030	372	-949	2,154	-1,044	-1,233	-1,019	3,323	-1,403
Deferred balances, at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-11,896	-219,657
Other assets, net
-4,439	1,023	-7,977	-1,465	686	4,882	-2,419	-9,728	-23,342	33,563	-41,622	32,517	-18,070	18,138	-3,566	-1,939	-4,257	13,518	-16,045	-9,830	-11,336	-1,251	5,630	9,054	9,673	5,821	7,873	6,104	-1,841	5,069	-3,550	-1,753	-2,808	8,463	-1,157	-2,990	-2,057	775	-227,739	-1,637	-9,975
Compensation payable
-164,961	122,433	20,145	17,402	-80,690	38,967	18,510	20,292	-184,414	155,496	5,801	8,312	-166,951	183,354	5,487	4,387	-163,749	143,704	6,161	2,426	-220,204	209,806	9,711	3,714	-292,383	292,258	7,662	1,147	-203,627	195,623	6,751	4,023	-103,726	95,254	-1,356	5,031	-140,218	136,625	5,782	2,598	-140,112
Unearned incentive income
1,569	-2,593	-2,917	2,540	2,371	-6,588	10,730	2,037	10,930	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unearned incentive income
-	-	-	-	-	-	-	-	-	-	15,359	6,604	4,791	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets of consolidated Och-Ziff funds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	297,799	162,794	170,954	-	95,126	54,731	106,350	63,181	31,074	13,146	33,018
Due to related parties
-16,716	1,466	351	-5,919	1,428	-176	275	210	-43	-222,410	-486	220	113	13,453	-11,763	-29	-341	-61,456	342	-48,428	27	-61,941	-20,849	485	-4,282	-35,338	-1,065	-2	19	-32,305	-1,519	24	-75	-19,897	-16,513	-1,024	87	-16,168	-175	-4,258	-82,773
Operating lease liabilities
-6,261	-4,801	-5,972	-5,130	-2,383	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
-5,616	309	20,684	-5,661	-14,225	-11,152	9,807	6,636	-16,435	17,599	-29,588	27,813	-19,693	-487,105	5,428	170,427	222,831	1,394	-5,025	-4,957	468	-8,142	-1,062	17,267	14,067	4,158	7,837	5,270	-1,882	-30,272	21,502	3,426	13,249	-5,412	4,778	-8,866	680	15,723	-1,061	353	9,948
Consolidated funds related items:
Net gains of consolidated funds
0	0	-460	482	3,746	-5,956	290	-26	492	194	7,658	385	235	733	821	816	545	-91,431	-20,627	-3,399	45,885	22,228	-4,769	65,768	54,499	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Realized gains of consolidated Och-Ziff funds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	52,117	46,337	96,632	-	-	-	-	-	-	-	-	-	-	-	-
Change in unrealized gains of consolidated Och-Ziff funds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-20,000	-29,571	17,002	-	-	-	-	-	-	-	-	-	-	-	-
Change in unrealized losses of notes payables of consolidated CLOs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,964	18,998	-6,384	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of investments
0	0	29,510	49,809	49,598	44,969	163,508	82,711	87,438	39,963	193,358	141,995	47,831	56,534	43,630	93,336	48,974	848,212	862,322	1,333,105	1,078,440	889,560	1,066,614	1,543,946	1,232,039	1,068,128	646,148	649,585	855,121	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of investments
0	0	87,221	116,190	60,094	50,507	60,810	70,253	63,739	37,876	50,243	46,914	49,750	56,460	36,356	88,075	50,700	895,769	1,086,018	1,175,882	979,132	874,837	993,192	1,325,172	1,082,074	1,220,306	641,011	365,774	752,694	-	-	-	-	-	-	-	-	-	-	-	-
Other assets of consolidated funds
0	17	-25,824	56,098	1,541	-19,119	-4,818	2,515	29,191	926	291,856	11,529	3,068	5,153	-6,314	-4,927	2,163	1,294	100,543	-30,121	48,585	-41,536	-29,800	-114,188	10,324	-12,561	-84,931	-98,548	-141,173	-	-	-	-	-	-	-	-	-	-	-	-
Securities Sold Under Agreements To Repurchase
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-39,799	-23,855	-19,845	-28,016	24,337	50,669	-43,498	13,067	-44,087	-40,536	61,655	57,116	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities of consolidated funds
0	3	2,343	3,293	2,402	-22,589	-13,960	9,185	30,567	2,377	71,624	4,964	1,456	4,761	520	-1,703	1,741	-10,418	10,320	-3,776	-8,857	14,089	-1,650	7,356	-648	-10,204	15,478	-1,908	5,260	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of fixed assets
-	-	-	-	-	-	-	-	-	-	0	5,875	51,724	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities of consolidated Och-Ziff funds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,861	58,382	22,303	-	28,393	-1,409	39,595	27,543	16	6	-7
Net Cash Used in Operating Activities
-15,055	-	-	-	-35,678	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	581,249	-	-117,808	1,577	-31,893	6,670	8,820	27,855	325,097	33,957	45,631	66,854	397,231
Net Cash Provided by Operating Activities
-	-	-	-	-	-	-	48,513	159,939	-	-287,475	-61,629	-7,742	-370,705	67,535	29,270	-7,562	30,080	243,934	18,997	149,268	134,589	172,158	37,533	606,103	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash Flows from Investing Activities
Investments in joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,169	788	1,563	-	1,175	599	541	1,213	1,335	1,245	1,188
Return of investments in joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,251	0	1,324	-	-	-	-	4,546	0	1,065	978
Purchases of fixed assets
394	348	867	433	287	2,234	1,236	1,155	1,205	1,133	565	1,957	1,335	1,249	1,315	4,913	1,331	7,683	4,432	11,371	20,315	7,824	21,841	29,256	16,000	-	-	-	-	1,768	168	0	312	-	694	-1,746	2,834	-	-	-	1
Purchases of United States government obligations
89,489	140,321	99,379	161,066	0	0	42,628	243,120	7,435	0	12,932	99,468	0	29,994	0	0	29,915	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Maturities and sales of United States government obligations
50,632	256,296	6,249	163,229	11,800	109,281	7,500	0	13,000	100,000	0	0	0	60,000	0	0	18,500	18,473	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in funds
7,852	25,744	25,696	44,579	14,631	27,658	24,993	49,289	77,990	33,417	108,493	23,397	212	28,186	5,178	5,987	1,569	-	-	-	-	133	73	123	15,193	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Return of investments in funds
288	4,010	21,191	5,411	30,345	7,465	6,567	163,030	3,353	2,649	1,663	-726	3,373	13,203	541	398	554	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-170	170	-4,133	-15	-6,188	2,167	1,168	-4,480	1,899	1,971	-	-	-	-	-	-	-	-	-	-	-	-
Loans to joint venture partners
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	62	52
Net Cash (Used in) Provided by Investing Activities
-46,815	-	-	-	27,227	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,971	-	213	-788	-551	-1,367	-1,287	2,897	-3,375	3,355	-1,256	-227	-263
Net Cash Used in Investing Activities
-	-	-	-	-	-	-	-130,534	-70,277	-	-120,327	-119,673	53,550	13,774	-5,952	-10,519	-13,761	10,829	-6,665	-11,449	-20,485	-40,730	-21,833	-7,355	-33,360	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash Flows from Financing Activities
Issuance and sale of Preferred Units, net of issuance costs
-	-	-	-	-	-	-	-	-	0	0	0	150,054	246,457	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contributions from noncontrolling and redeemable noncontrolling interests
1,490	1,030	1,060	2,129	2,134	-1,124	111,911	15,306	22,857	563	224	2,591	251	468	2,110	208	233	22,574	55,405	259,968	264,707	125,399	25,825	194,893	264,801	18,476	54,431	204,705	123,491	277,018	243,814	122,974	79,285	59,832	91,270	75,513	65,785	67,792	58,129	24,815	41,828
Distributions to noncontrolling and redeemable noncontrolling interests
285	115	87,521	565	15,897	11,501	6,173	16,809	18,023	6,209	6,120	5,634	4,563	252	205	-1,801	1,821	81,003	234,116	230,343	279,428	294,291	130,609	173,733	537,661	247,300	186,996	219,184	527,395	80,026	88,929	96,017	36,607	64,992	72,520	76,805	275,069	84,538	80,379	66,888	218,646
Distribution of deferred balances and related taxes to Mr. Och
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	7,513	121,957
Dividends on Class A Shares
11,613	623	6,631	7,621	4,703	3,836	3,829	3,823	13,354	3,716	3,704	3,703	1,849	0	0	0	0	7,106	24,808	38,764	82,774	34,439	29,224	39,262	190,210	39,946	21,054	41,991	110,918	17,237	19,844	13,997	5,592	9,213	13,676	12,595	68,616	9,229	9,900	7,452	47,458
Proceeds from debt obligations, net of issuance costs
1,988	3,423	0	0	0	-123	3	240,959	60,719	26,626	110,398	17,466	0	-	-	-	-	-	0	0	3,606	397,374	16,000	16,662	16,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Withholding taxes paid on vested Class A restricted share units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,835	2,865
Repayment of debt obligations, including prepayment costs
27,000	5,000	21,722	25,000	141,068	32	17,672	577,690	69	197	0	0	167,319	929	920	913	905	-	-	-	-	-	-	-	-	-	-	-	-	972	975	376,303	1,892	243,314	1,875	2,531	1,875	1,875	1,875	5,276	1,875
Principal payments under capital lease obligations
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	212	210	207	-	-	-	-	-	-	-	-
Withholding taxes paid on vested RSUs
-	-	-	-	-	-	-	-	-	-	-	-	385	-	287	425	1,628	-	-	-	-	-	-	-	-	-	-	-	-	6,691	2,133	196	1,887	11,394	7,856	1,701	1,955	-	-	-	-
Equity-classified RSUs settled in cash
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-789	-3,874	1,163	-443	-1,886	-2,561	-54	-1,194	-2,065	-	-	-	-	-7,761	28	13	100	1,555	52	3,456	-2,286	16,759	-2,046	-2,994	-4,466	14,748	-3,157	-4,012	-1,869	-	-	-	-	-	-	-	-	-	-	-	-
Distribution of deferred balances and related taxes to Mr. Och
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	380	0	7,513	121,957
Net Cash Used in Financing Activities
-36,209	-	-	-	-161,420	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-516,691	-	131,721	20,751	33,100	-27,163	-4,859	-20,124	-281,730	-47,237	-38,078	-65,149	-350,973
Net Cash Used in Financing Activities
-	-	-	-	-	-	-	-343,251	50,065	-	449,854	105,357	-23,811	256,274	726	120,684	-4,021	-98,184	-205,281	-11,402	-96,175	-210,452	-120,054	-4,434	-451,536	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in cash and cash equivalents and restricted cash
-98,079	113,671	-48,382	26,137	-169,871	128,843	11,073	-425,272	139,727	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid during the period:
Interest
2,937	-	-	-	5,487	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest
-	-	-	-	-	-	-	16,837	1,362	-	241	8,998	1,960	9,140	415	9,540	419	9,427	426	9,294	299	1,131	1,765	1,687	1,615	1,650	1,793	1,687	1,609	1,751	1,768	1,017	1,085	1,435	1,658	1,687	1,779	1,780	1,867	1,783	1,697
Income taxes
2,113	779	826	911	2,462	869	425	992	644	960	1,016	1,031	1,149	-1,059	2,945	7,073	545	2,182	6,109	9,105	1,789	3,019	5,620	9,670	3,110	3,145	4,238	6,188	1,905	1,951	1,792	5,035	3,089	4,853	4,817	4,682	8,328	-4,340	6,603	11,745	2,733
Non-cash transactions:
Assets related to the initial consolidation of CLO
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	491,435	499,557	553,892	497,579	494,788	607,469	1,405,840	0	488,883	0	579,550	639,631	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities related to the initial consolidation of CLO
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	505,500	507,774	560,480	504,547	509,512	617,694	1,426,194	0	495,005	0	591,568	646,067	-	-	-	-	-	-	-	-	-	-	-	-
Reconciliation of cash and cash equivalents and restricted cash
Net Change in Cash and Cash Equivalents
-	-	-	-	-	-	-	-	-	-	42,052	-75,945	21,997	-	62,309	139,435	-25,344	-57,275	31,988	-3,854	32,608	-116,593	30,271	25,744	121,207	-93,267	41,060	17,109	62,587	-22,848	14,126	21,540	656	-21,860	2,674	10,628	39,992	-9,925	6,297	1,478	45,995
In-kind distribution of deferred balances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	169,652