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10-Q Filing

BROOKFIELD OAKTREE HOLDINGS, LLC CIK: 1403528 Q1 2015
Filing Information
Form Type 10-Q
Accession Number 0001403528-15-000017
Period End Date 20150331
Filing Date 20150507
Fiscal Year 2015
Fiscal Period Q1
XBRL Instance oak-20150331.xml
Balance Sheet 57 line items
Line Item Tag Value Unit Period
Total investments EquityMethodInvestmentsFairValueDisclosure $40.81M USD Point-in-time
Total investments EquityMethodInvestmentsFairValueDisclosure $18.03M USD Point-in-time
Cash and cash-equivalents CashAndCashEquivalentsAtCarryingValue $408.30M USD Point-in-time
Cash and cash-equivalents CashAndCashEquivalentsAtCarryingValue $437.23M USD Point-in-time
U.S. Treasury securities AvailableForSaleSecurities $655.53M USD Point-in-time
U.S. Treasury securities AvailableForSaleSecurities $570.75M USD Point-in-time
Corporate investments (includes $18,027 and $40,814 measured at fair value as of March 31, 2015 and December 31,2014, respectively) Investments $168.00M USD Point-in-time
Corporate investments (includes $18,027 and $40,814 measured at fair value as of March 31, 2015 and December 31,2014, respectively) Investments $187.96M USD Point-in-time
Corporate investments (includes $18,027 and $40,814 measured at fair value as of March 31, 2015 and December 31,2014, respectively) Investments $178.73M USD Point-in-time
Due from affiliates DueFromRelatedParties $46.88M USD Point-in-time
Due from affiliates DueFromRelatedParties $42.93M USD Point-in-time
Deferred tax assets DeferredTaxAssetsLiabilitiesNet $357.36M USD Point-in-time
Deferred tax assets DeferredTaxAssetsLiabilitiesNet $430.87M USD Point-in-time
Investments, at fair value InvestmentsFairValueDisclosure $48.73B USD Point-in-time
Investments, at fair value InvestmentsFairValueDisclosure $312.90M USD Point-in-time
Investments, at fair value InvestmentsFairValueDisclosure $46.53B USD Point-in-time
Derivative assets, at fair value DerivativeAssets $418.21M USD Point-in-time
Derivative assets, at fair value DerivativeAssets $320.70M USD Point-in-time
Other assets OtherAssets $284.26M USD Point-in-time
Other assets OtherAssets $282.52M USD Point-in-time
Total assets Assets $48.43B USD Point-in-time
Total assets Assets $53.34B USD Point-in-time
Total assets Assets $55.04B USD Point-in-time
Accrued compensation expense EmployeeRelatedLiabilitiesCurrentAndNoncurrent $147.73M USD Point-in-time
Accrued compensation expense EmployeeRelatedLiabilitiesCurrentAndNoncurrent $294.89M USD Point-in-time
Accounts payable, accrued expenses and other liabilities AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $140.73M USD Point-in-time
Accounts payable, accrued expenses and other liabilities AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $148.36M USD Point-in-time
Due to affiliates DueToRelatedPartiesCurrentAndNoncurrent $371.99M USD Point-in-time
Due to affiliates DueToRelatedPartiesCurrentAndNoncurrent $309.21M USD Point-in-time
Debt obligations LongTermDebt $850.00M USD Point-in-time
Debt obligations LongTermDebt $850.00M USD Point-in-time
Derivative liabilities, at fair value DerivativeLiabilities $388.46M USD Point-in-time
Derivative liabilities, at fair value DerivativeLiabilities $259.26M USD Point-in-time
Total liabilities Liabilities $10.38B USD Point-in-time
Total liabilities Liabilities $9.82B USD Point-in-time
Commitments and contingencies (Note 13) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 13) CommitmentsAndContingencies - USD Point-in-time
Non-controlling redeemable interests in consolidated funds RedeemableNoncontrollingInterestEquityCarryingAmount $42.75B USD Point-in-time
Non-controlling redeemable interests in consolidated funds RedeemableNoncontrollingInterestEquityCarryingAmount $41.68B USD Point-in-time
Non-controlling redeemable interests in consolidated funds RedeemableNoncontrollingInterestEquityCarryingAmount $40.15B USD Point-in-time
Non-controlling redeemable interests in consolidated funds RedeemableNoncontrollingInterestEquityCarryingAmount $38.83B USD Point-in-time
Paid-in capital AdditionalPaidInCapitalCommonStock $571.99M USD Point-in-time
Paid-in capital AdditionalPaidInCapitalCommonStock $536.43M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $11.38M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $49.63M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.07M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-2.01M USD Point-in-time
Class A unitholders capital StockholdersEquity $619.61M USD Point-in-time
Class A unitholders capital StockholdersEquity $546.74M USD Point-in-time
Non-controlling interest in consolidated subsidiaries and funds MinorityInterest $30.83M USD Point-in-time
Non-controlling interest in consolidated subsidiaries and funds MinorityInterest $27.43M USD Point-in-time
Total unitholders capital StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.71B USD Point-in-time
Total unitholders capital StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.90B USD Point-in-time
Total unitholders capital StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.84B USD Point-in-time
Total unitholders capital StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.77B USD Point-in-time
Total liabilities and unitholders capital LiabilitiesAndStockholdersEquity $55.04B USD Point-in-time
Total liabilities and unitholders capital LiabilitiesAndStockholdersEquity $53.34B USD Point-in-time
Income Statement 42 line items
Line Item Tag Value Unit Period
Management fees InvestmentAdvisoryFees $40.43M USD 1 Quarter
Management fees InvestmentAdvisoryFees $50.82M USD 1 Quarter
Compensation and benefits CompensationAndBenefits $110.14M USD 1 Quarter
Compensation and benefits CompensationAndBenefits $98.29M USD 1 Quarter
Equity-based compensation ShareBasedCompensation $9.18M USD 1 Quarter
Equity-based compensation ShareBasedCompensation $11.71M USD 1 Quarter
Incentive income compensation IncentiveIncomeCompensation $91.49M USD 1 Quarter
Incentive income compensation IncentiveIncomeCompensation $66.89M USD 1 Quarter
Total compensation and benefits expense LaborAndRelatedExpense $198.97M USD 1 Quarter
Total compensation and benefits expense LaborAndRelatedExpense $188.74M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $6.58M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $32.24M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $2.89M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $1.92M USD 1 Quarter
Consolidated fund expenses ConsolidatedFundExpenses $37.76M USD 1 Quarter
Consolidated fund expenses ConsolidatedFundExpenses $25.19M USD 1 Quarter
Total expenses CostsAndExpenses $258.32M USD 1 Quarter
Total expenses CostsAndExpenses $235.97M USD 1 Quarter
Interest expense InterestExpense $46.57M USD 1 Quarter
Interest expense InterestExpense $24.00M USD 1 Quarter
Investment income InvestmentIncomeNonoperating $4.99M USD 1 Quarter
Investment income InvestmentIncomeNonoperating $12.68M USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $4.69M USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $-1.70M USD 1 Quarter
Total other income NonoperatingIncomeExpense $1.77B USD 1 Quarter
Total other income NonoperatingIncomeExpense $1.48B USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $1.55B USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $1.29B USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $7.88M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $7.99M USD 1 Quarter
Net income ProfitLoss $1.28B USD 1 Quarter
Net income ProfitLoss $1.54B USD 1 Quarter
Net (income) loss attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $163.56M USD 1 Quarter
Net (income) loss attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $108.10M USD 1 Quarter
Net income attributable to Oaktree Capital Group, LLC NetIncomeLoss $38.25M USD 1 Quarter
Net income attributable to Oaktree Capital Group, LLC NetIncomeLoss $51.79M USD 1 Quarter
Distributions declared per Class A unit (in dollars per share) CommonStockDividendsPerShareDeclared $0.56 USD 1 Quarter
Distributions declared per Class A unit (in dollars per share) CommonStockDividendsPerShareDeclared $1.00 USD 1 Quarter
Net income per Class A unit (in dollars per share) EarningsPerShareBasicAndDiluted $1.30 USD 1 Quarter
Net income per Class A unit (in dollars per share) EarningsPerShareBasicAndDiluted $0.85 USD 1 Quarter
Weighted average number of Class A units outstanding (in shares) WeightedAverageNumberOfShareOutstandingBasicAndDiluted 45.06M shares 1 Quarter
Weighted average number of Class A units outstanding (in shares) WeightedAverageNumberOfShareOutstandingBasicAndDiluted 39.70M shares 1 Quarter
Cash Flow Statement 65 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $1.28B USD 1 Quarter
Net income ProfitLoss $1.54B USD 1 Quarter
Investment income InvestmentIncomeNonoperating $4.99M USD 1 Quarter
Investment income InvestmentIncomeNonoperating $12.68M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $2.89M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $1.92M USD 1 Quarter
Equity-based compensation ShareBasedCompensation $9.18M USD 1 Quarter
Equity-based compensation ShareBasedCompensation $11.71M USD 1 Quarter
Amortization (accretion) of original issue and market discount of consolidated funds investments, net AmortizationOfOriginalIssueAndMarketDiscountOfConsolidatedFundsInvestments $14.94M USD 1 Quarter
Amortization (accretion) of original issue and market discount of consolidated funds investments, net AmortizationOfOriginalIssueAndMarketDiscountOfConsolidatedFundsInvestments $4.93M USD 1 Quarter
Income distributions from corporate investments in companies EquityMethodInvestmentDividendsOrDistributions $16.14M USD 1 Quarter
Income distributions from corporate investments in companies EquityMethodInvestmentDividendsOrDistributions $15.45M USD 1 Quarter
Amortization or write-down of debt issuance costs AmortizationandWriteoffofDeferredDebtIssuanceCost $3.26M USD 1 Quarter
Amortization or write-down of debt issuance costs AmortizationandWriteoffofDeferredDebtIssuanceCost $4.50M USD 1 Quarter
Decrease in other assets IncreaseDecreaseInOtherOperatingAssets $-9.00M USD 1 Quarter
Decrease in other assets IncreaseDecreaseInOtherOperatingAssets $-7.52M USD 1 Quarter
Increase (decrease) in net due to affiliates IncreaseDecreaseInDueToRelatedParties $4.25M USD 1 Quarter
Increase (decrease) in net due to affiliates IncreaseDecreaseInDueToRelatedParties $-1.61M USD 1 Quarter
Decrease in accrued compensation expense IncreaseDecreaseinAccruedCompensation $-125.75M USD 1 Quarter
Decrease in accrued compensation expense IncreaseDecreaseinAccruedCompensation $-147.15M USD 1 Quarter
Increase (decrease) in accounts payable, accrued expenses and other liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $12.12M USD 1 Quarter
Increase (decrease) in accounts payable, accrued expenses and other liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-7.82M USD 1 Quarter
Purchases of securities PaymentsToAcquireInvestments $13.93M USD 1 Quarter
Purchases of securities PaymentsToAcquireInvestments $258.20M USD Point-in-time
Purchases of securities PaymentsToAcquireInvestments $22.04M USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-1.90B USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-984.27M USD 1 Quarter
Purchases of U.S. Treasury securities PaymentsToAcquireMarketableSecurities $155.27M USD 1 Quarter
Purchases of U.S. Treasury securities PaymentsToAcquireMarketableSecurities - USD 1 Quarter
Proceeds from maturities and sales of U.S. Treasury securities ProceedsFromSaleAndMaturityOfMarketableSecurities $316.04M USD 1 Quarter
Proceeds from maturities and sales of U.S. Treasury securities ProceedsFromSaleAndMaturityOfMarketableSecurities $240.05M USD 1 Quarter
Distributions and proceeds from corporate investments in funds and companies PaymentsForProceedsFromInvestments $-2.77M USD 1 Quarter
Distributions and proceeds from corporate investments in funds and companies PaymentsForProceedsFromInvestments $-30.43M USD 1 Quarter
Purchases of fixed assets PaymentsToAcquirePropertyPlantAndEquipment $12.46M USD 1 Quarter
Purchases of fixed assets PaymentsToAcquirePropertyPlantAndEquipment $1.33M USD 1 Quarter
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivities $295.45M USD 1 Quarter
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivities $88.82M USD 1 Quarter
Proceeds from issuance of debt obligations ProceedsFromIssuanceOfDebt $250.00M USD 1 Quarter
Proceeds from issuance of debt obligations ProceedsFromIssuanceOfDebt - USD 1 Quarter
Payment of debt issuance costs PaymentsOfDebtIssuanceCosts - USD 1 Quarter
Payment of debt issuance costs PaymentsOfDebtIssuanceCosts $728.00K USD 1 Quarter
Repayments of debt obligations RepaymentsOfDebt $218.75M USD 1 Quarter
Repayments of debt obligations RepaymentsOfDebt - USD 1 Quarter
Purchase of OCGH units PaymentsToMinorityShareholders $237.82M USD 1 Quarter
Purchase of OCGH units PaymentsToMinorityShareholders $296.40M USD 1 Quarter
Repurchase and cancellation of OCGH units PaymentsForRepurchaseAndCancellationOfCommonStock $4.29M USD 1 Quarter
Repurchase and cancellation of OCGH units PaymentsForRepurchaseAndCancellationOfCommonStock $2.06M USD 1 Quarter
Distributions to Class A unitholders PaymentsOfDividendsCommonStock $38.47M USD 1 Quarter
Distributions to Class A unitholders PaymentsOfDividendsCommonStock $24.51M USD 1 Quarter
Distributions to OCGH unitholders PaymentsOfDividendsMinorityInterest $140.30M USD 1 Quarter
Distributions to OCGH unitholders PaymentsOfDividendsMinorityInterest $75.54M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $901.08M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $1.04B USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-747.00K USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-22.77M USD 1 Quarter
Net increase (decrease) in cash and cash-equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $347.30M USD 1 Quarter
Net increase (decrease) in cash and cash-equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-930.73M USD 1 Quarter
Cash and cash-equivalents, beginning balance CashAndCashEquivalentsAtCarryingValueIncludingConsolidatedFunds $2.98B USD Point-in-time
Cash and cash-equivalents, beginning balance CashAndCashEquivalentsAtCarryingValueIncludingConsolidatedFunds $3.35B USD Point-in-time
Cash and cash-equivalents, beginning balance CashAndCashEquivalentsAtCarryingValueIncludingConsolidatedFunds $2.64B USD Point-in-time
Cash and cash-equivalents, beginning balance CashAndCashEquivalentsAtCarryingValueIncludingConsolidatedFunds $2.42B USD Point-in-time
Cash and cash-equivalents, ending balance CashAndCashEquivalentsAtCarryingValueIncludingConsolidatedFunds $2.98B USD Point-in-time
Cash and cash-equivalents, ending balance CashAndCashEquivalentsAtCarryingValueIncludingConsolidatedFunds $3.35B USD Point-in-time
Cash and cash-equivalents, ending balance CashAndCashEquivalentsAtCarryingValueIncludingConsolidatedFunds $2.64B USD Point-in-time
Cash and cash-equivalents, ending balance CashAndCashEquivalentsAtCarryingValueIncludingConsolidatedFunds $2.42B USD Point-in-time
Stockholders Equity 29 line items
Line Item Tag Value Unit Period
Unitholders' capital, value StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.71B USD Point-in-time
Unitholders' capital, value StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.90B USD Point-in-time
Unitholders' capital, value StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.84B USD Point-in-time
Unitholders' capital, value StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.77B USD Point-in-time
Issuance of units, value StockIssuedDuringPeriodValueNewIssues $296.65M USD 1 Quarter
Issuance of units, value StockIssuedDuringPeriodValueNewIssues $237.82M USD 1 Quarter
Purchase of OCGH units from OCGH unitholders StockRepurchasedDuringPeriodUnitholdersValue $237.82M USD 1 Quarter
Purchase of OCGH units from OCGH unitholders StockRepurchasedDuringPeriodUnitholdersValue $296.40M USD 1 Quarter
Deferred tax effect resulting from the purchase of OCGH units AdjustmentsToAdditionalPaidInCapitalDeferredTaxEffectOnPurchaseOfUnits $-11.03M USD 1 Quarter
Deferred tax effect resulting from the purchase of OCGH units AdjustmentsToAdditionalPaidInCapitalDeferredTaxEffectOnPurchaseOfUnits $-14.12M USD 1 Quarter
Repurchase and cancellation of OCGH units StockRepurchasedandRetiredDuringPeriodValueNoncontrollingInterestinConsolidatedSubsidiaries $2.06M USD 1 Quarter
Repurchase and cancellation of OCGH units StockRepurchasedandRetiredDuringPeriodValueNoncontrollingInterestinConsolidatedSubsidiaries $4.29M USD 1 Quarter
Capital contributions PartnersCapitalAccountContributions $2.88M USD 1 Quarter
Equity reallocation between controlling and non-controlling interests NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance $45.76M USD 1 Quarter
Equity reallocation between controlling and non-controlling interests NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance $49.10M USD 1 Quarter
Capital increase related to equity-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $9.18M USD 1 Quarter
Capital increase related to equity-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $11.15M USD 1 Quarter
Distributions declared DividendsCommonStockCash $178.78M USD 1 Quarter
Distributions declared DividendsCommonStockCash $100.59M USD 1 Quarter
Net income NetIncomeLossIncludingNoncontrollingInterestInConsolidatedSubsidiaries $215.35M USD 1 Quarter
Net income NetIncomeLossIncludingNoncontrollingInterestInConsolidatedSubsidiaries $147.42M USD 1 Quarter
Foreign currency translation adjustment, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-3.05M USD 1 Quarter
Foreign currency translation adjustment, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $343.00K USD 1 Quarter
Unrealized loss on interest-rate swap designated as cash-flow hedge, net of tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-610.00K USD 1 Quarter
Unrealized loss on interest-rate swap designated as cash-flow hedge, net of tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-131.00K USD 1 Quarter
Unitholders' capital, value StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.71B USD Point-in-time
Unitholders' capital, value StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.90B USD Point-in-time
Unitholders' capital, value StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.84B USD Point-in-time
Unitholders' capital, value StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.77B USD Point-in-time
Comprehensive Income 14 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $1.28B USD 1 Quarter
Net income ProfitLoss $1.54B USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-3.05M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $343.00K USD 1 Quarter
Unrealized loss on interest-rate swap designated as cash-flow hedge OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-610.00K USD 1 Quarter
Unrealized loss on interest-rate swap designated as cash-flow hedge OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-131.00K USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-3.18M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-267.00K USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $1.28B USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $1.54B USD 1 Quarter
Less: Comprehensive income attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $1.24B USD 1 Quarter
Less: Comprehensive income attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $1.49B USD 1 Quarter
Comprehensive income attributable to Oaktree Capital Group, LLC ComprehensiveIncomeNetOfTax $37.32M USD 1 Quarter
Comprehensive income attributable to Oaktree Capital Group, LLC ComprehensiveIncomeNetOfTax $51.73M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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