SCULPTOR CAPITAL MANAGEMENT, INC. OZM Income Statement

Sculptor capital management, inc. (OZM)

Income statement / 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
Revenues
Management fees
-	-	-	-	-	-	-	-	-	-	-	80,082	86,255	-	128,513	143,399	156,910	147,784	162,778	167,486	165,943	169,514	171,906	164,031	158,770	149,598	140,666	137,365	128,798	128,925	125,896	127,492	122,082	122,651	128,516	128,344	121,346	-	110,035	-	-
Management fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	110,214	101,742
Incentive income
-	-	-	-	-	-	-	-	-	-	-	66,115	51,626	-	18,754	8,136	30,587	66,301	35,615	28,537	57,110	416,239	28,011	10,918	52,093	881,144	72,338	22,905	100,160	568,011	8,081	18,414	1,221	43,135	8,058	6,867	6,966	434,945	5,561	5,536	186
Other revenues
2,953	3,524	3,646	5,043	3,769	4,225	3,342	3,867	4,542	2,696	1,524	1,781	776	462	380	585	579	529	579	508	461	372	284	201	446	764	203	222	961	163	291	220	364	619	603	678	358	462	401	720	391
Income of consolidated funds
0	0	1,820	2,308	2,604	4,748	507	650	584	584	2,055	968	495	500	458	438	366	128,214	126,931	124,868	109,337	101,525	106,484	87,319	74,171	69,275	66,560	68,672	56,292	42,184	33,705	32,296	17,257	14,921	12,228	11,396	9,738	17,442	6,473	7,454	7,116
Total Revenues
79,228	271,799	98,845	103,508	123,194	175,220	93,827	109,766	128,410	438,240	131,999	148,946	139,152	281,259	148,105	152,558	188,442	342,828	325,903	321,399	332,851	687,650	306,685	262,469	285,480	1,100,781	279,767	229,164	286,211	739,283	167,973	178,422	140,924	181,326	149,405	147,285	138,408	568,674	122,470	123,924	109,435
Expenses
Compensation and benefits
67,419	173,582	78,343	80,709	85,715	94,662	74,635	74,502	68,924	222,437	74,490	69,679	69,943	240,121	57,758	57,743	54,261	218,631	70,602	71,375	69,918	286,048	74,115	66,694	65,855	365,133	68,238	69,283	51,415	262,028	44,934	41,321	40,870	151,186	53,374	61,243	59,205	197,551	59,186	51,729	53,192
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
Interest expense
5,782	5,846	6,323	6,523	6,208	5,256	4,820	7,505	6,598	6,148	5,611	5,152	6,280	6,324	6,129	5,937	5,386	5,408	5,383	5,405	5,245	3,119	1,688	1,693	1,666	1,719	1,827	1,735	1,730	1,814	1,793	1,212	1,243	1,497	1,714	1,843	2,048	1,830	1,916	1,936	1,957
General, administrative and other
34,706	35,474	48,272	28,427	37,788	45,329	50,289	48,509	37,850	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General, administrative and other
-	-	-	-	-	-	-	-	-	-	33,136	35,165	45,928	-	56,125	272,527	267,669	112,659	65,484	12,013	49,835	30,497	23,160	43,231	35,912	33,883	36,396	41,722	37,873	25,031	30,642	32,252	28,948	21,588	11,105	27,319	25,105	23,874	23,994	23,538	22,592
Expenses of consolidated funds
0	0	507	84	55	303	-5	24	84	23	8,824	460	84	34	17	33	266	82,923	82,576	78,383	59,888	58,673	50,082	38,456	38,677	29,029	31,972	23,511	15,326	11,667	2,268	2,939	2,112	2,414	2,379	2,480	1,450	1,954	1,540	4,297	1,082
Total Expenses
107,907	214,902	133,445	115,743	129,766	145,550	129,739	130,540	113,456	266,450	122,061	110,456	122,235	296,626	120,029	336,240	327,582	421,633	228,063	171,193	188,903	382,355	153,068	154,095	146,131	433,787	142,455	140,272	110,365	502,087	478,140	476,140	471,589	577,287	477,166	492,197	493,663	603,774	498,464	493,289	503,629
Other (Loss) Income
Changes in tax receivable agreement liability
-278	586	0	-5,362	0	-	0	0	-	-	-	-	-	13,653	-11,819	-26	-145	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gains on investments in Och-Ziff funds and joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	249	-	-146	72	117	50	76	390	5,483	713	531	417	305	245	317	-382	94	219	201	36	176	-425	453	-602	53
Net losses on early retirement of debt
-523	-104	-218	-595	-5,458	0	0	-14,303	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (losses) gains on investments
-34,069	4,400	-2,169	3,148	2,689	-6,041	-541	-785	312	2,415	264	65	721	-	803	250	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in deferred income of consolidated Och-Ziff funds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-16,450	-7,055	-15,372	-	-262	-649	-2,326	-930	-744	-3,244	-1,887
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	94,408	43,081	35,763	107,250	71,148	56,286	8,864	76,412	9,615	-14,158	2,912	8,287	-3,006	4,767	16,151	6,191
Total Other (Loss) Income
-34,314	3,710	-2,847	8,397	977	-9,779	-251	-15,114	804	225,468	7,922	450	956	-10,462	13,443	1,092	939	-35,554	-20,773	-3,327	46,002	22,278	-4,693	66,158	59,982	95,121	43,612	36,180	107,555	110,270	40,153	1,427	61,134	25,565	-14,219	2,299	6,137	-4,361	4,476	12,305	4,357
Loss Before Income Taxes
-62,993	60,607	-37,447	-3,838	-5,595	19,891	-36,163	-35,888	15,758	397,258	17,860	38,940	17,873	-25,829	41,519	-182,590	-138,201	-114,359	77,067	146,879	189,950	327,573	148,924	174,532	199,331	762,115	180,924	125,072	283,401	347,466	-270,014	-296,291	-269,531	-370,396	-341,980	-342,613	-349,118	-	-371,518	-	-
Loss Before Income Taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	357,060	-389,837
Income taxes
-9,968	22,038	-1,446	10,134	3,386	12,872	-860	-2,524	3,012	300,317	1,942	3,244	12,056	-28,550	9,986	10,911	18,539	12,617	12,422	82,025	25,160	48,019	36,110	21,328	33,591	45,293	11,996	13,103	25,295	36,839	19,127	12,491	14,404	17,225	24,317	9,413	8,626	17,481	7,054	7,744	8,799
Consolidated and Comprehensive 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
Less: Net loss attributable to noncontrolling interests
-26,085	-9,531	-11,435	-7,984	-7,234	9,036	-21,140	-21,440	8,635	89,950	9,760	22,142	9,778	-6,890	16,570	-115,592	-87,845	-79,169	78,971	58,022	133,353	191,392	83,235	128,596	132,065	514,667	137,643	107,721	225,792	-	-	-	-	-	-	-	-	-	-	-	-
Noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-161,632	-192,540	-161,191	-1,838,815	273,173	258,664	262,280	-34,119	-285,042	-275,383	-309,997
Less: Net income attributable to redeemable noncontrolling interests
0	0	574	2,637	5,534	-1,036	374	332	621	429	432	456	350	649	678	662	461	-25,499	-31,743	2,072	5,566	3,487	6,377	13,892	9,823	3,093	2,433	430	2,279	-	-	-	-	-	-	-	-	-	-	-	-
Foreign currency translation adjustment, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	192	37	-	-12	1	-	-	-	-	-
Foreign currency translation adjustment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18	-	-	-	-
Total Comprehensive Income (Loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	310,627	-289,141	-308,590	-283,898	-387,623	-366,309	-352,025	-357,726	-	-	-	-
Net Loss Attributable to Sculptor Capital Management, Inc.
-26,940	48,100	-25,140	-8,625	-7,281	-981	-14,537	-12,256	3,490	6,562	5,726	13,098	-4,311	8,962	14,285	-78,571	-69,356	-22,308	17,417	4,760	25,871	84,675	23,202	10,716	23,852	199,062	28,852	3,818	30,035	55,772	-127,509	-116,242	-122,744	-137,040	-93,124	-93,362	-95,464	-22,823	-93,530	-89,421	-88,639
Change in redemption value of Preferred Units
1,327	0	0	0	-44,364	0	0	0	0	0	0	0	2,853	6,082	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (Loss) Income Attributable to Class A Shareholders
-28,267	48,100	-25,140	-8,625	37,083	-981	-14,537	-12,256	3,490	6,562	5,726	13,098	-7,164	2,880	14,285	-78,571	-69,356	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Consolidated and Comprehensive Net Income (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	-	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
Class A Shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	55,772	-127,509	-116,205	-122,732	-137,041	-93,127	-93,361	-95,460	-	-	-	-
Noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	253,163	-161,632	-192,385	-161,166	-1,838,806	273,182	258,664	262,266	-	-	-	-
Total Comprehensive Income (Loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	310,627	-289,141	-308,590	-283,898	-387,623	-366,309	-352,025	-357,726	-	-	-	-
(Loss) Earnings per Class A Share
Earnings (Loss) Per Class A Share, Basic (in dollars per share)
-1.27	2.29	-1.20	-0.42	1.81	-0.05	-0.75	-0.64	0.18	0.92	0.03	0.07	-0.04	-6.43	0.08	-0.43	-0.38	-0.14	0.10	0.03	0.15	0.49	0.13	0.06	0.14	1.27	0.18	0.03	0.20	0.41	-0.89	-0.82	-0.87	-	-0.93	-	-	-	-1.04	-	-
Earnings (Loss) Per Class A Share, Diluted (in dollars per share)
-1.27	1.50	-1.20	-0.46	1.73	-0.05	-0.75	-0.64	0.18	0.91	0.03	0.07	-0.04	-6.52	0.05	-0.44	-0.38	-0.09	0.06	0.03	0.14	0.52	0.09	0.05	0.14	1.25	0.15	0.02	0.20	0.41	-0.89	-0.82	-0.87	-	-0.96	-	-	-	-1.05	-	-
Basic and Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.96	-0.99	-	-	-1.05	-1.07
Weighted-Average Class A Shares Outstanding, Basic (in shares)
22,304	20,989	20,907	20,722	20,475	19,338	19,265	19,256	19,223	-484,035	186,235	186,142	186,226	-474,456	182,521	182,454	182,548	178,610	177,805	177,693	177,634	173,762	172,959	172,733	171,920	164,561	156,752	152,016	150,646	145,787	143,477	141,722	140,894	-	99,673	-	-	-	89,862	-	-
Weighted-Average Class A Shares Outstanding, Diluted (in shares)
38,319	106,089	20,907	36,714	21,491	-7,117	19,265	19,256	45,678	-483,732	186,235	186,142	186,226	-950,163	479,838	479,771	182,548	-122,848	484,171	182,095	180,156	-424,182	481,078	479,894	175,925	1,090,963	475,281	155,900	151,625	145,787	143,477	141,722	140,894	-	399,566	-	-	-	392,799	-	-
Basic and Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	97,705,327	-	-	-	-	-
Basic and Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	85,432	82,708
Dividends Paid per Class A Share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	0.02	0.01	-	0.00	0.00	0.00	0.04	0.14	0.22	0.47	0.20	0.17	0.23	1.12	0.25	0.14	0.28	0.75	0.12	0.14	0.10	0.04	0.09	0.14	0.13	0.71	0.10	0.11	0.09	0.58
Management fees
Investment management revenues
66,953	65,032	62,956	61,400	63,623	68,144	70,675	70,593	72,450	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Incentive income
Investment management revenues
9,322	203,243	30,423	34,757	53,198	98,103	19,303	34,656	50,834	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-