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10-Q Filing

BROOKFIELD OAKTREE HOLDINGS, LLC CIK: 1403528 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0001403528-18-000022
Period End Date 20180331
Filing Date 20180504
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance oak-20180331.xml
Balance Sheet 40 line items
Line Item Tag Value Unit Period
Cash and cash-equivalents CashAndCashEquivalentsAtCarryingValue $959.20M USD Point-in-time
Cash and cash-equivalents CashAndCashEquivalentsAtCarryingValue $959.47M USD Point-in-time
Cash and cash-equivalents CashAndCashEquivalentsAtCarryingValue $924.01M USD Point-in-time
Cash and cash-equivalents CashAndCashEquivalentsAtCarryingValue $1.05B USD Point-in-time
Receivable for securities sold AccountsReceivableNet $98.74M USD Point-in-time
Receivable for securities sold AccountsReceivableNet $62.27M USD Point-in-time
Derivative assets, at fair value DerivativeAssets $5.75M USD Point-in-time
Derivative assets, at fair value DerivativeAssets $9.01M USD Point-in-time
Total assets Assets $9.01B USD Point-in-time
Total assets Assets $9.12B USD Point-in-time
Derivative liabilities, at fair value DerivativeLiabilities $21.59M USD Point-in-time
Derivative liabilities, at fair value DerivativeLiabilities $37.11M USD Point-in-time
Debt obligations LongTermDebt $862.93M USD Point-in-time
Debt obligations LongTermDebt $862.40M USD Point-in-time
Total liabilities Liabilities $6.20B USD Point-in-time
Total liabilities Liabilities $6.13B USD Point-in-time
Commitments and contingencies (Note 17) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 17) CommitmentsAndContingencies - USD Point-in-time
Non-controlling redeemable interests in consolidated funds RedeemableNoncontrollingInterestEquityCarryingAmount $344.05M USD Point-in-time
Non-controlling redeemable interests in consolidated funds RedeemableNoncontrollingInterestEquityCarryingAmount $861.86M USD Point-in-time
Non-controlling redeemable interests in consolidated funds RedeemableNoncontrollingInterestEquityCarryingAmount $453.58M USD Point-in-time
Non-controlling redeemable interests in consolidated funds RedeemableNoncontrollingInterestEquityCarryingAmount $860.55M USD Point-in-time
Paid-in capital AdditionalPaidInCapitalCommonStock $866.58M USD Point-in-time
Paid-in capital AdditionalPaidInCapitalCommonStock $788.41M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $80.13M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $99.79M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $357.00K USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $443.00K USD Point-in-time
Class A unitholders capital StockholdersEquity $868.98M USD Point-in-time
Class A unitholders capital StockholdersEquity $966.72M USD Point-in-time
Non-controlling interests in consolidated subsidiaries NonredeemableNoncontrollingInterest $1.12B USD Point-in-time
Non-controlling interests in consolidated subsidiaries NonredeemableNoncontrollingInterest $1.08B USD Point-in-time
Non-controlling interests in consolidated funds NoncontrollingInterestInVariableInterestEntity $30.40M USD Point-in-time
Non-controlling interests in consolidated funds NoncontrollingInterestInVariableInterestEntity $10.77M USD Point-in-time
Total unitholders capital StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.06B USD Point-in-time
Total unitholders capital StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.02B USD Point-in-time
Total unitholders capital StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.92B USD Point-in-time
Total unitholders capital StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.89B USD Point-in-time
Total liabilities and unitholders capital LiabilitiesAndStockholdersEquity $9.01B USD Point-in-time
Total liabilities and unitholders capital LiabilitiesAndStockholdersEquity $9.12B USD Point-in-time
Income Statement 50 line items
Line Item Tag Value Unit Period
Management fees InvestmentAdvisoryFees $180.93M USD 1 Quarter
Management fees InvestmentAdvisoryFees $185.41M USD 1 Quarter
Incentive income PerformanceFees $151.91M USD 1 Quarter
Incentive income PerformanceFees $108.66M USD 1 Quarter
Total revenues Revenues $289.58M USD 1 Quarter
Total revenues Revenues $337.32M USD 1 Quarter
Compensation and benefits CompensationAndBenefits $108.75M USD 1 Quarter
Compensation and benefits CompensationAndBenefits $104.49M USD 1 Quarter
Equity-based compensation ShareBasedCompensation $14.62M USD 1 Quarter
Equity-based compensation ShareBasedCompensation $14.95M USD 1 Quarter
Incentive income compensation IncentiveIncomeCompensation $84.81M USD 1 Quarter
Incentive income compensation IncentiveIncomeCompensation $34.61M USD 1 Quarter
Total compensation and benefits expense LaborAndRelatedExpense $208.19M USD 1 Quarter
Total compensation and benefits expense LaborAndRelatedExpense $154.05M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $32.96M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $32.22M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $3.82M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $6.40M USD 1 Quarter
Consolidated fund expenses ConsolidatedFundExpenses $2.47M USD 1 Quarter
Consolidated fund expenses ConsolidatedFundExpenses $3.48M USD 1 Quarter
Total expenses CostsAndExpenses $192.56M USD 1 Quarter
Total expenses CostsAndExpenses $251.04M USD 1 Quarter
Interest expense InterestExpense $48.77M USD 1 Quarter
Interest expense InterestExpense $40.58M USD 1 Quarter
Interest and dividend income InvestmentIncomeInterestAndDividend $62.62M USD 1 Quarter
Interest and dividend income InvestmentIncomeInterestAndDividend $47.96M USD 1 Quarter
Net realized gain (loss) on consolidated funds investments RealizedInvestmentGainsLosses $14.60M USD 1 Quarter
Net realized gain (loss) on consolidated funds investments RealizedInvestmentGainsLosses $-1.87M USD 1 Quarter
Net change in unrealized appreciation (depreciation) on consolidated funds investments UnrealizedGainLossOnInvestments $-14.39M USD 1 Quarter
Net change in unrealized appreciation (depreciation) on consolidated funds investments UnrealizedGainLossOnInvestments $24.68M USD 1 Quarter
Investment income InvestmentIncomeNonoperating $34.56M USD 1 Quarter
Investment income InvestmentIncomeNonoperating $50.45M USD 1 Quarter
Non-Operating Group income (expense) OtherNonoperatingIncomeExpense $697.00K USD 1 Quarter
Non-Operating Group income (expense) OtherNonoperatingIncomeExpense $4.66M USD 1 Quarter
Total other income NonoperatingIncomeExpense $57.51M USD 1 Quarter
Total other income NonoperatingIncomeExpense $77.11M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $143.80M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $174.13M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $6.40M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $12.30M USD 1 Quarter
Net income ProfitLoss $137.40M USD 1 Quarter
Net income ProfitLoss $161.83M USD 1 Quarter
Net income attributable to Oaktree Capital Group, LLC NetIncomeLoss $54.91M USD 1 Quarter
Net income attributable to Oaktree Capital Group, LLC NetIncomeLoss $52.73M USD 1 Quarter
Distributions declared per Class A unit (in dollars per share) CommonStockDividendsPerShareDeclared $0.63 USD 1 Quarter
Distributions declared per Class A unit (in dollars per share) CommonStockDividendsPerShareDeclared $0.76 USD 1 Quarter
Net income per Class A unit (in dollars per share) EarningsPerShareBasicAndDiluted $0.87 USD 1 Quarter
Net income per Class A unit (in dollars per share) EarningsPerShareBasicAndDiluted $0.78 USD 1 Quarter
Weighted average number of Class A units outstanding (in shares) WeightedAverageNumberOfShareOutstandingBasicAndDiluted 67.92M shares 1 Quarter
Weighted average number of Class A units outstanding (in shares) WeightedAverageNumberOfShareOutstandingBasicAndDiluted 63.02M shares 1 Quarter
Cash Flow Statement 48 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $137.40M USD 1 Quarter
Net income ProfitLoss $161.83M USD 1 Quarter
Adoption of revenue recognition standard NewAccountingPronouncementorChangeinAccountingPrincipleEffectofChangeonOperatingCashFlows - USD 1 Quarter
Adoption of revenue recognition standard NewAccountingPronouncementorChangeinAccountingPrincipleEffectofChangeonOperatingCashFlows $48.71M USD 1 Quarter
Investment income InvestmentIncomeNonoperating $34.56M USD 1 Quarter
Investment income InvestmentIncomeNonoperating $50.45M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $3.82M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $6.40M USD 1 Quarter
Equity-based compensation ShareBasedCompensation $14.62M USD 1 Quarter
Equity-based compensation ShareBasedCompensation $14.95M USD 1 Quarter
Net realized and unrealized (gain) loss from consolidated funds investments GainLossOnInvestments $22.81M USD 1 Quarter
Net realized and unrealized (gain) loss from consolidated funds investments GainLossOnInvestments $213.00K USD 1 Quarter
Amortization (accretion) of original issue and market discount of consolidated funds investments, net AmortizationAccretionOfOriginalIssueAndMarketDiscountOfConsolidatedFundsInvestments $413.00K USD 1 Quarter
Amortization (accretion) of original issue and market discount of consolidated funds investments, net AmortizationAccretionOfOriginalIssueAndMarketDiscountOfConsolidatedFundsInvestments $838.00K USD 1 Quarter
Income distributions from corporate investments in funds and companies EquityMethodInvestmentDividendsOrDistributions $44.47M USD 1 Quarter
Income distributions from corporate investments in funds and companies EquityMethodInvestmentDividendsOrDistributions $60.79M USD 1 Quarter
Other non-cash items OtherNoncashIncomeExpense $-517.00K USD 1 Quarter
Other non-cash items OtherNoncashIncomeExpense $-139.00K USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $147.73M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-245.57M USD 1 Quarter
Purchases of U.S. Treasury and other securities PaymentsToAcquireMarketableSecurities $142.16M USD 1 Quarter
Purchases of U.S. Treasury and other securities PaymentsToAcquireMarketableSecurities $220.03M USD 1 Quarter
Proceeds from maturities and sales of U.S. Treasury and other securities ProceedsFromSaleAndMaturityOfMarketableSecurities $380.74M USD 1 Quarter
Proceeds from maturities and sales of U.S. Treasury and other securities ProceedsFromSaleAndMaturityOfMarketableSecurities $89.65M USD 1 Quarter
Corporate investments in funds and companies PaymentsToAcquireInvestments $76.15M USD 1 Quarter
Corporate investments in funds and companies PaymentsToAcquireInvestments $8.15M USD 1 Quarter
Distributions and proceeds from corporate investments in funds and companies PaymentsForProceedsFromInvestments $-80.00M USD 1 Quarter
Distributions and proceeds from corporate investments in funds and companies PaymentsForProceedsFromInvestments $-209.01M USD 1 Quarter
Purchases of fixed assets PaymentsToAcquirePropertyPlantAndEquipment $4.25M USD 1 Quarter
Purchases of fixed assets PaymentsToAcquirePropertyPlantAndEquipment $205.00K USD 1 Quarter
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivities $80.14M USD 1 Quarter
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivities $228.30M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-125.75M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-14.75M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-3.17M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $58.00K USD 1 Quarter
Net increase (decrease) in cash and cash-equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $102.18M USD 1 Quarter
Net increase (decrease) in cash and cash-equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-35.19M USD 1 Quarter
Deconsolidation of funds VariableInterestEntityDeconsolidationDecreaseIncreaseinCashandCashEquivalents $12.31M USD 1 Quarter
Deconsolidation of funds VariableInterestEntityDeconsolidationDecreaseIncreaseinCashandCashEquivalents - USD 1 Quarter
Cash and cash-equivalents, beginning balance CashAndCashEquivalentsAtCarryingValue $959.20M USD Point-in-time
Cash and cash-equivalents, beginning balance CashAndCashEquivalentsAtCarryingValue $959.47M USD Point-in-time
Cash and cash-equivalents, beginning balance CashAndCashEquivalentsAtCarryingValue $924.01M USD Point-in-time
Cash and cash-equivalents, beginning balance CashAndCashEquivalentsAtCarryingValue $1.05B USD Point-in-time
Cash and cash-equivalents, ending balance CashAndCashEquivalentsAtCarryingValue $959.20M USD Point-in-time
Cash and cash-equivalents, ending balance CashAndCashEquivalentsAtCarryingValue $959.47M USD Point-in-time
Cash and cash-equivalents, ending balance CashAndCashEquivalentsAtCarryingValue $924.01M USD Point-in-time
Cash and cash-equivalents, ending balance CashAndCashEquivalentsAtCarryingValue $1.05B USD Point-in-time
Stockholders Equity 25 line items
Line Item Tag Value Unit Period
Unitholders' capital, value StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.06B USD Point-in-time
Unitholders' capital, value StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.02B USD Point-in-time
Unitholders' capital, value StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.92B USD Point-in-time
Unitholders' capital, value StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.89B USD Point-in-time
Cumulative-effect adjustment from adoption of accounting guidance CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption - USD Point-in-time
Cumulative-effect adjustment from adoption of accounting guidance CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption $48.71M USD Point-in-time
Issuance of units StockIssuedDuringPeriodValueNewIssues $219.75M USD 1 Quarter
Repurchase and cancellation of units StockRepurchasedAndRetiredDuringPeriodValueIncludingNoncontrollingInterestInConsolidatedSubsidiaries $229.98M USD 1 Quarter
Repurchase and cancellation of units StockRepurchasedAndRetiredDuringPeriodValueIncludingNoncontrollingInterestInConsolidatedSubsidiaries $9.69M USD 1 Quarter
Deferred tax effect resulting from the purchase of OCGH units AdjustmentsToAdditionalPaidInCapitalDeferredTaxEffectOnPurchaseOfUnits $6.05M USD 1 Quarter
Equity reallocation between controlling and non-controlling interests MinorityInterestPeriodIncreaseDecrease $-73.83M USD 1 Quarter
Equity reallocation between controlling and non-controlling interests MinorityInterestPeriodIncreaseDecrease $-12.06M USD 1 Quarter
Capital increase related to equity-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $13.67M USD 1 Quarter
Capital increase related to equity-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $13.70M USD 1 Quarter
Distributions declared DividendsCommonStockCash $148.40M USD 1 Quarter
Distributions declared DividendsCommonStockCash $113.92M USD 1 Quarter
Net income NetIncomeLossIncludingNoncontrollingInterestInConsolidatedSubsidiaries $126.85M USD 1 Quarter
Net income NetIncomeLossIncludingNoncontrollingInterestInConsolidatedSubsidiaries $152.83M USD 1 Quarter
Foreign currency translation adjustment, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-4.66M USD 1 Quarter
Foreign currency translation adjustment, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-219.00K USD 1 Quarter
Unrealized gain on interest-rate swap designated as cash-flow hedge, net of tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $60.00K USD 1 Quarter
Unitholders' capital, value StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.06B USD Point-in-time
Unitholders' capital, value StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.02B USD Point-in-time
Unitholders' capital, value StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.92B USD Point-in-time
Unitholders' capital, value StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.89B USD Point-in-time
Comprehensive Income 13 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $137.40M USD 1 Quarter
Net income ProfitLoss $161.83M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-4.66M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-219.00K USD 1 Quarter
Unrealized gain on interest-rate swap designated as cash-flow hedge OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $60.00K USD 1 Quarter
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-4.60M USD 1 Quarter
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-219.00K USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $137.18M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $157.23M USD 1 Quarter
Less: Comprehensive income attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $84.54M USD 1 Quarter
Less: Comprehensive income attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $104.19M USD 1 Quarter
Comprehensive income attributable to Oaktree Capital Group, LLC ComprehensiveIncomeNetOfTax $53.04M USD 1 Quarter
Comprehensive income attributable to Oaktree Capital Group, LLC ComprehensiveIncomeNetOfTax $52.65M USD 1 Quarter

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

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