10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001403528-19-000015 |
| Period End Date | 20190331 |
| Filing Date | 20190510 |
| Fiscal Year | 2019 |
| Fiscal Period | Q1 |
| XBRL Instance | oak-20190331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
31 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Receivable for securities sold |
AccountsReceivableNet
|
$225.47M | USD | Point-in-time |
| Receivable for securities sold |
AccountsReceivableNet
|
$74.80M | USD | Point-in-time |
| Total assets |
Assets
|
$10.56B | USD | Point-in-time |
| Total assets |
Assets
|
$10.43B | USD | Point-in-time |
| Debt obligations |
LongTermDebt
|
$865.06M | USD | Point-in-time |
| Debt obligations |
LongTermDebt
|
$864.53M | USD | Point-in-time |
| Operating lease liabilities |
OperatingLeaseLiability
|
$139.21M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$7.03B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$6.98B | 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
|
$860.55M | USD | Point-in-time |
| Non-controlling redeemable interests in consolidated funds |
RedeemableNoncontrollingInterestEquityCarryingAmount
|
$1.04B | USD | Point-in-time |
| Non-controlling redeemable interests in consolidated funds |
RedeemableNoncontrollingInterestEquityCarryingAmount
|
$961.62M | USD | Point-in-time |
| Non-controlling redeemable interests in consolidated funds |
RedeemableNoncontrollingInterestEquityCarryingAmount
|
$861.86M | USD | Point-in-time |
| Paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$897.78M | USD | Point-in-time |
| Paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$893.04M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$94.20M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$100.68M | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$2.76M | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$1.05M | USD | Point-in-time |
| Unitholders capital attributable to Oaktree Capital Group, LLC |
StockholdersEquity
|
$1.40B | USD | Point-in-time |
| Unitholders capital attributable to Oaktree Capital Group, LLC |
StockholdersEquity
|
$1.40B | USD | Point-in-time |
| Non-controlling interests in consolidated subsidiaries |
NonredeemableNoncontrollingInterest
|
$1.09B | USD | Point-in-time |
| Non-controlling interests in consolidated subsidiaries |
NonredeemableNoncontrollingInterest
|
$1.09B | USD | Point-in-time |
| Total unitholders capital |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.49B | USD | Point-in-time |
| Total unitholders capital |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.02B | USD | Point-in-time |
| Total unitholders capital |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.06B | USD | Point-in-time |
| Total unitholders capital |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.48B | USD | Point-in-time |
| Total liabilities and unitholders capital |
LiabilitiesAndStockholdersEquity
|
$10.43B | USD | Point-in-time |
| Total liabilities and unitholders capital |
LiabilitiesAndStockholdersEquity
|
$10.56B | USD | Point-in-time |
Income Statement
50 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Total revenues |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$337.32M | USD | 1 Quarter |
| Total revenues |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$266.42M | USD | 1 Quarter |
| Compensation and benefits |
CompensationAndBenefits
|
$108.75M | USD | 1 Quarter |
| Compensation and benefits |
CompensationAndBenefits
|
$114.52M | USD | 1 Quarter |
| Equity-based compensation |
ShareBasedCompensation
|
$14.33M | USD | 1 Quarter |
| Equity-based compensation |
ShareBasedCompensation
|
$14.62M | USD | 1 Quarter |
| Incentive income compensation |
IncentiveIncomeCompensation
|
$52.30M | USD | 1 Quarter |
| Incentive income compensation |
IncentiveIncomeCompensation
|
$84.81M | USD | 1 Quarter |
| Total compensation and benefits expense |
LaborAndRelatedExpense
|
$181.15M | USD | 1 Quarter |
| Total compensation and benefits expense |
LaborAndRelatedExpense
|
$208.19M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$32.96M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$47.60M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$6.56M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$6.40M | USD | 1 Quarter |
| Consolidated fund expenses |
ConsolidatedFundExpenses
|
$3.48M | USD | 1 Quarter |
| Consolidated fund expenses |
ConsolidatedFundExpenses
|
$2.15M | USD | 1 Quarter |
| Total expenses |
CostsAndExpenses
|
$251.04M | USD | 1 Quarter |
| Total expenses |
CostsAndExpenses
|
$237.47M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$40.58M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$45.77M | USD | 1 Quarter |
| Interest and dividend income |
InvestmentIncomeInterestAndDividend
|
$92.25M | USD | 1 Quarter |
| Interest and dividend income |
InvestmentIncomeInterestAndDividend
|
$62.62M | 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
|
$-5.82M | 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
|
$57.12M | USD | 1 Quarter |
| Investment income |
InvestmentIncomeNonoperating
|
$34.56M | USD | 1 Quarter |
| Investment income |
InvestmentIncomeNonoperating
|
$62.15M | USD | 1 Quarter |
| Other income, net |
OtherNonoperatingIncomeExpense
|
$697.00K | USD | 1 Quarter |
| Other income, net |
OtherNonoperatingIncomeExpense
|
$22.00K | USD | 1 Quarter |
| Total other income |
NonoperatingIncomeExpense
|
$57.51M | USD | 1 Quarter |
| Total other income |
NonoperatingIncomeExpense
|
$159.96M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$143.80M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$188.90M | USD | 1 Quarter |
| Income taxes |
IncomeTaxExpenseBenefit
|
$6.40M | USD | 1 Quarter |
| Income taxes |
IncomeTaxExpenseBenefit
|
$4.50M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$184.40M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$137.40M | USD | 1 Quarter |
| Net income attributable to Oaktree Capital Group, LLC |
NetIncomeLoss
|
$54.08M | USD | 1 Quarter |
| Net income attributable to Oaktree Capital Group, LLC |
NetIncomeLoss
|
$52.73M | USD | 1 Quarter |
| Net income attributable to preferred unitholders |
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
- | USD | 1 Quarter |
| Net income attributable to preferred unitholders |
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
$6.83M | USD | 1 Quarter |
| Net income attributable to OCG Class A unitholders |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$52.73M | USD | 1 Quarter |
| Net income attributable to OCG Class A unitholders |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$47.25M | USD | 1 Quarter |
| Distributions declared per Class A unit (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.76 | USD | 1 Quarter |
| Distributions declared per Class A unit (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.75 | USD | 1 Quarter |
| Net income per Class A unit (in dollars per share) |
EarningsPerShareBasicAndDiluted
|
$0.66 | 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
|
71.63M | shares | 1 Quarter |
Cash Flow Statement
48 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$184.40M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$137.40M | 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
|
$62.15M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$6.56M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$6.40M | USD | 1 Quarter |
| Equity-based compensation |
ShareBasedCompensation
|
$14.33M | USD | 1 Quarter |
| Equity-based compensation |
ShareBasedCompensation
|
$14.62M | USD | 1 Quarter |
| Net realized and unrealized (gain) loss from consolidated funds investments |
GainLossOnInvestments
|
$213.00K | USD | 1 Quarter |
| Net realized and unrealized (gain) loss from consolidated funds investments |
GainLossOnInvestments
|
$51.30M | USD | 1 Quarter |
| Amortization (accretion) of original issue and market discount of consolidated funds investments, net |
AmortizationAccretionOfOriginalIssueAndMarketDiscountOfConsolidatedFundsInvestments
|
$838.00K | USD | 1 Quarter |
| Amortization (accretion) of original issue and market discount of consolidated funds investments, net |
AmortizationAccretionOfOriginalIssueAndMarketDiscountOfConsolidatedFundsInvestments
|
$1.84M | USD | 1 Quarter |
| Income distributions from corporate investments in funds and companies |
ProceedsfromInvestmentsDistribution
|
$45.39M | USD | 1 Quarter |
| Income distributions from corporate investments in funds and companies |
ProceedsfromInvestmentsDistribution
|
$60.79M | USD | 1 Quarter |
| Other non-cash items |
OtherNoncashIncomeExpense
|
$-139.00K | USD | 1 Quarter |
| Other non-cash items |
OtherNoncashIncomeExpense
|
$-1.42M | 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
|
$-56.51M | 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
|
$342.67M | USD | 1 Quarter |
| Proceeds from maturities and sales of U.S. Treasury and other securities |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
$89.65M | USD | 1 Quarter |
| Proceeds from maturities and sales of U.S. Treasury and other securities |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
$431.57M | USD | 1 Quarter |
| Corporate investments in funds and companies |
PaymentsToAcquireInvestments
|
$8.59M | USD | 1 Quarter |
| Corporate investments in funds and companies |
PaymentsToAcquireInvestments
|
$76.15M | USD | 1 Quarter |
| Distributions and proceeds from corporate investments in funds and companies |
PaymentsForProceedsFromInvestments
|
$-209.01M | USD | 1 Quarter |
| Distributions and proceeds from corporate investments in funds and companies |
PaymentsForProceedsFromInvestments
|
$-74.54M | USD | 1 Quarter |
| Purchases of fixed assets |
PaymentsToAcquirePropertyPlantAndEquipment
|
$205.00K | USD | 1 Quarter |
| Purchases of fixed assets |
PaymentsToAcquirePropertyPlantAndEquipment
|
$3.09M | USD | 1 Quarter |
| Net cash provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$80.14M | USD | 1 Quarter |
| Net cash provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$151.75M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-125.75M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-112.05M | USD | 1 Quarter |
| Effect of exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-1.38M | USD | 1 Quarter |
| Effect of exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$58.00K | USD | 1 Quarter |
| Net increase (decrease) in cash and cash-equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$102.18M | USD | 1 Quarter |
| Net increase (decrease) in cash and cash-equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-18.20M | USD | 1 Quarter |
| Deconsolidation of funds |
VariableInterestEntityDeconsolidationDecreaseIncreaseinCashCashEquivalentsRestrictedCashandRestrictedCashEquivalents
|
- | USD | 1 Quarter |
| Deconsolidation of funds |
VariableInterestEntityDeconsolidationDecreaseIncreaseinCashCashEquivalentsRestrictedCashandRestrictedCashEquivalents
|
$12.31M | USD | 1 Quarter |
| Cash and cash-equivalents, beginning balance |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$831.73M | USD | Point-in-time |
| Cash and cash-equivalents, beginning balance |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.05B | USD | Point-in-time |
| Cash and cash-equivalents, beginning balance |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$959.47M | USD | Point-in-time |
| Cash and cash-equivalents, beginning balance |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$813.53M | USD | Point-in-time |
| Cash and cash-equivalents, ending balance |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$831.73M | USD | Point-in-time |
| Cash and cash-equivalents, ending balance |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.05B | USD | Point-in-time |
| Cash and cash-equivalents, ending balance |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$959.47M | USD | Point-in-time |
| Cash and cash-equivalents, ending balance |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$813.53M | USD | Point-in-time |
Stockholders Equity
24 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Unitholders' capital, beginning of period |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.49B | USD | Point-in-time |
| Unitholders' capital, beginning of period |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.02B | USD | Point-in-time |
| Unitholders' capital, beginning of period |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.06B | USD | Point-in-time |
| Unitholders' capital, beginning of period |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.48B | 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 |
| Issuance of units |
StockIssuedDuringPeriodValueNewIssues
|
- | USD | 1 Quarter |
| Repurchase and cancellation of units |
StockRepurchasedAndRetiredDuringPeriodValueIncludingNoncontrollingInterestInConsolidatedSubsidiaries
|
$9.93M | USD | 1 Quarter |
| Repurchase and cancellation of units |
StockRepurchasedAndRetiredDuringPeriodValueIncludingNoncontrollingInterestInConsolidatedSubsidiaries
|
$229.98M | 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
|
$-6.12M | USD | 1 Quarter |
| Equity reallocation between controlling and non-controlling interests |
MinorityInterestPeriodIncreaseDecrease
|
$-73.83M | USD | 1 Quarter |
| Capital increase related to equity-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$13.70M | USD | 1 Quarter |
| Capital increase related to equity-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$13.21M | USD | 1 Quarter |
| Distributions declared |
DividendsCommonStockCash
|
$130.12M | USD | 1 Quarter |
| Distributions declared |
DividendsCommonStockCash
|
$148.40M | USD | 1 Quarter |
| Net income |
NetIncomeLossIncludingNoncontrollingInterestInConsolidatedSubsidiaries
|
$120.20M | USD | 1 Quarter |
| Net income |
NetIncomeLossIncludingNoncontrollingInterestInConsolidatedSubsidiaries
|
$126.85M | USD | 1 Quarter |
| Foreign currency translation adjustment, net of tax |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-219.00K | USD | 1 Quarter |
| Foreign currency translation adjustment, net of tax |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$3.71M | USD | 1 Quarter |
| Unitholders' capital, end of period |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.49B | USD | Point-in-time |
| Unitholders' capital, end of period |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.02B | USD | Point-in-time |
| Unitholders' capital, end of period |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.06B | USD | Point-in-time |
| Unitholders' capital, end of period |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.48B | USD | Point-in-time |
Comprehensive Income
14 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$184.40M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$137.40M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-219.00K | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$3.71M | USD | 1 Quarter |
| Other comprehensive loss, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$3.71M | USD | 1 Quarter |
| Other comprehensive loss, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$-219.00K | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$188.11M | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$137.18M | USD | 1 Quarter |
| Comprehensive income attributable to OCG |
ComprehensiveIncomeNetOfTax
|
$55.79M | USD | 1 Quarter |
| Comprehensive income attributable to OCG |
ComprehensiveIncomeNetOfTax
|
$52.65M | USD | 1 Quarter |
| Comprehensive income attributable to preferred unitholders |
ComprehensiveUndistributedEarningsLossAllocatedtoParticipatingSecurities
|
- | USD | 1 Quarter |
| Comprehensive income attributable to preferred unitholders |
ComprehensiveUndistributedEarningsLossAllocatedtoParticipatingSecurities
|
$6.83M | USD | 1 Quarter |
| Comprehensive income attributable to OCG Class A unitholders |
ComprehensiveIncomeLossAvailabletoCommonStockholdersBasic
|
$52.65M | USD | 1 Quarter |
| Comprehensive income attributable to OCG Class A unitholders |
ComprehensiveIncomeLossAvailabletoCommonStockholdersBasic
|
$48.97M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.