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10-Q Filing

BROOKFIELD OAKTREE HOLDINGS, LLC CIK: 1403528 Q1 2020
Filing Information
Form Type 10-Q
Accession Number 0001403528-20-000007
Period End Date 20200331
Filing Date 20200511
Fiscal Year 2020
Fiscal Period Q1
XBRL Instance oak-20200331_htm.xml
Balance Sheet 33 line items
Line Item Tag Value Unit Period
Receivable for securities sold AccountsReceivableNet $28.11M USD Point-in-time
Receivable for securities sold AccountsReceivableNet $65.35M USD Point-in-time
Derivative assets, at fair value DerivativeAssets $11.91M USD Point-in-time
Derivative assets, at fair value DerivativeAssets $6.89M USD Point-in-time
Total assets Assets $9.26B USD Point-in-time
Total assets Assets $8.61B USD Point-in-time
Operating lease liabilities OperatingLeaseLiability $42.86M USD Point-in-time
Derivative liabilities, at fair value DerivativeLiabilities $4.25M USD Point-in-time
Derivative liabilities, at fair value DerivativeLiabilities $27.48M USD Point-in-time
Total liabilities Liabilities $6.18B USD Point-in-time
Total liabilities Liabilities $6.70B 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 $961.62M USD Point-in-time
Non-controlling redeemable interests in consolidated funds RedeemableNoncontrollingInterestEquityCarryingAmount $1.02B USD Point-in-time
Non-controlling redeemable interests in consolidated funds RedeemableNoncontrollingInterestEquityCarryingAmount $866.22M USD Point-in-time
Non-controlling redeemable interests in consolidated funds RedeemableNoncontrollingInterestEquityCarryingAmount $1.04B USD Point-in-time
Paid-in capital AdditionalPaidInCapitalCommonStock $777.16M USD Point-in-time
Paid-in capital AdditionalPaidInCapitalCommonStock $750.30M USD Point-in-time
Retained earnings (accumulated deficit) RetainedEarningsAccumulatedDeficit $-137.86M USD Point-in-time
Retained earnings (accumulated deficit) RetainedEarningsAccumulatedDeficit $51.53M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-3.50M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-8.53M USD Point-in-time
Unitholders capital attributable to Oaktree Capital Group, LLC StockholdersEquity $1.03B USD Point-in-time
Unitholders capital attributable to Oaktree Capital Group, LLC StockholdersEquity $1.20B USD Point-in-time
Non-controlling interests in consolidated subsidiaries NonredeemableNoncontrollingInterest $378.72M USD Point-in-time
Non-controlling interests in consolidated subsidiaries NonredeemableNoncontrollingInterest $503.25M USD Point-in-time
Total unitholders capital StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.49B USD Point-in-time
Total unitholders capital StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.48B USD Point-in-time
Total unitholders capital StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.70B USD Point-in-time
Total unitholders capital StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.41B USD Point-in-time
Total liabilities and unitholders capital LiabilitiesAndStockholdersEquity $8.61B USD Point-in-time
Total liabilities and unitholders capital LiabilitiesAndStockholdersEquity $9.26B USD Point-in-time
Income Statement 50 line items
Line Item Tag Value Unit Period
Total revenues RevenueFromContractWithCustomerExcludingAssessedTax $43.92M USD 1 Quarter
Total revenues RevenueFromContractWithCustomerExcludingAssessedTax $266.42M USD 1 Quarter
Compensation and benefits CompensationAndBenefits $114.52M USD 1 Quarter
Compensation and benefits CompensationAndBenefits $32.46M USD 1 Quarter
Equity-based compensation ShareBasedCompensation $14.33M USD 1 Quarter
Equity-based compensation ShareBasedCompensation $5.37M USD 1 Quarter
Incentive income compensation IncentiveIncomeCompensation $426.00K USD 1 Quarter
Incentive income compensation IncentiveIncomeCompensation $52.30M USD 1 Quarter
Total compensation and benefits expense LaborAndRelatedExpense $38.25M USD 1 Quarter
Total compensation and benefits expense LaborAndRelatedExpense $181.15M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $6.51M 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 $452.00K USD 1 Quarter
Consolidated fund expenses ConsolidatedFundExpenses $13.88M USD 1 Quarter
Consolidated fund expenses ConsolidatedFundExpenses $2.15M USD 1 Quarter
Total expenses CostsAndExpenses $237.47M USD 1 Quarter
Total expenses CostsAndExpenses $59.09M USD 1 Quarter
Interest expense InterestExpense $45.77M USD 1 Quarter
Interest expense InterestExpense $44.61M USD 1 Quarter
Interest and dividend income InvestmentIncomeInterestAndDividend $93.80M USD 1 Quarter
Interest and dividend income InvestmentIncomeInterestAndDividend $92.25M USD 1 Quarter
Net realized loss on consolidated funds investments RealizedInvestmentGainsLosses $-39.25M USD 1 Quarter
Net realized loss on consolidated funds investments RealizedInvestmentGainsLosses $-5.82M USD 1 Quarter
Net change in unrealized appreciation (depreciation) on consolidated funds investments UnrealizedGainLossOnInvestments $-326.07M USD 1 Quarter
Net change in unrealized appreciation (depreciation) on consolidated funds investments UnrealizedGainLossOnInvestments $57.12M USD 1 Quarter
Investment income (loss) IncomeLossFromEquityMethodInvestmentsAndInvestmentIncomeNet $-109.67M USD 1 Quarter
Investment income (loss) IncomeLossFromEquityMethodInvestmentsAndInvestmentIncomeNet $62.15M USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $22.00K USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $52.00K USD 1 Quarter
Total other income (loss) NonoperatingIncomeExpense $159.96M USD 1 Quarter
Total other income (loss) NonoperatingIncomeExpense $-425.75M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $188.90M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-440.92M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $1.80M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $4.50M USD 1 Quarter
Net income (loss) ProfitLoss $184.40M USD 1 Quarter
Net income (loss) ProfitLoss $-442.72M USD 1 Quarter
Net income (loss) attributable to Oaktree Capital Group, LLC NetIncomeLoss $-160.90M USD 1 Quarter
Net income (loss) attributable to Oaktree Capital Group, LLC NetIncomeLoss $54.08M USD 1 Quarter
Net income attributable to preferred unitholders UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic $6.83M USD 1 Quarter
Net income attributable to preferred unitholders UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic $6.83M USD 1 Quarter
Net income (loss) attributable to OCG Class A unitholders NetIncomeLossAvailableToCommonStockholdersBasic $-167.73M USD 1 Quarter
Net income (loss) attributable to OCG Class A unitholders NetIncomeLossAvailableToCommonStockholdersBasic $47.25M USD 1 Quarter
Distributions declared per Class A unit (in dollars per share) CommonStockDividendsPerShareDeclared $0.22 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 $-1.71 USD 1 Quarter
Weighted average Oaktree Operating Group units outstanding (in shares) WeightedAverageNumberOfShareOutstandingBasicAndDiluted 98.01M shares 1 Quarter
Weighted average Oaktree Operating Group units outstanding (in shares) WeightedAverageNumberOfShareOutstandingBasicAndDiluted 71.63M shares 1 Quarter
Cash Flow Statement 50 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $184.40M USD 1 Quarter
Net income (loss) ProfitLoss $-442.72M USD 1 Quarter
Investment (income) loss IncomeLossFromEquityMethodInvestmentsAndInvestmentIncomeNet $-109.67M USD 1 Quarter
Investment (income) loss IncomeLossFromEquityMethodInvestmentsAndInvestmentIncomeNet $62.15M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $6.56M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $452.00K USD 1 Quarter
Equity-based compensation ShareBasedCompensation $14.33M USD 1 Quarter
Equity-based compensation ShareBasedCompensation $5.37M USD 1 Quarter
Net realized and unrealized (gain) loss from consolidated funds investments GainLossOnInvestments $51.30M USD 1 Quarter
Net realized and unrealized (gain) loss from consolidated funds investments GainLossOnInvestments $-365.31M USD 1 Quarter
Amortization (accretion) of original issue and market discount of consolidated funds investments, net AmortizationAccretionOfOriginalIssueAndMarketDiscountOfConsolidatedFundsInvestments $7.83M 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 $2.40M USD 1 Quarter
Income distributions from corporate investments in funds and companies ProceedsfromInvestmentsDistribution $45.39M USD 1 Quarter
Other non-cash items OtherNoncashIncomeExpense $-1.42M USD 1 Quarter
Other non-cash items OtherNoncashIncomeExpense $-46.00K USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-400.58M USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-56.51M USD 1 Quarter
Purchases of U.S. Treasury and other securities PaymentsToAcquireMarketableSecurities $342.67M USD 1 Quarter
Purchases of U.S. Treasury and other securities PaymentsToAcquireMarketableSecurities $7.22M USD 1 Quarter
Proceeds from maturities and sales of U.S. Treasury and other securities ProceedsFromSaleAndMaturityOfMarketableSecurities $431.57M USD 1 Quarter
Proceeds from maturities and sales of U.S. Treasury and other securities ProceedsFromSaleAndMaturityOfMarketableSecurities $7.14M USD 1 Quarter
Corporate investments in funds and companies PaymentsToAcquireEquityMethodAndOtherInvestments $8.59M USD 1 Quarter
Corporate investments in funds and companies PaymentsToAcquireEquityMethodAndOtherInvestments $37.92M USD 1 Quarter
Distributions and proceeds from corporate investments in funds and companies ProceedsFromSaleAndDistributionsFromEquityMethodAndOtherInvestments $74.54M USD 1 Quarter
Distributions and proceeds from corporate investments in funds and companies ProceedsFromSaleAndDistributionsFromEquityMethodAndOtherInvestments $6.24M USD 1 Quarter
Purchases of fixed assets PaymentsToAcquirePropertyPlantAndEquipment $84.00K USD 1 Quarter
Purchases of fixed assets PaymentsToAcquirePropertyPlantAndEquipment $3.09M USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivities $151.75M USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivities $-31.85M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-112.05M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $483.77M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-1.38M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-9.94M USD 1 Quarter
Net increase (decrease) in cash and cash-equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $41.41M USD 1 Quarter
Net increase (decrease) in cash and cash-equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-18.20M USD 1 Quarter
Initial consolidation of funds VariableInterestEntityInitialConsolidationDecreaseIncreaseInCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents - USD 1 Quarter
Initial consolidation of funds VariableInterestEntityInitialConsolidationDecreaseIncreaseInCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $236.00K USD 1 Quarter
Cash and cash-equivalents, beginning balance CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $813.53M USD Point-in-time
Cash and cash-equivalents, beginning balance CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $831.73M USD Point-in-time
Cash and cash-equivalents, beginning balance CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $841.79M USD Point-in-time
Cash and cash-equivalents, beginning balance CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $883.43M USD Point-in-time
Cash and cash-equivalents, ending 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 $841.79M USD Point-in-time
Cash and cash-equivalents, ending balance CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $883.43M USD Point-in-time
Total cash and cash-equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $813.53M USD Point-in-time
Total cash and cash-equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $831.73M USD Point-in-time
Total cash and cash-equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $841.79M USD Point-in-time
Total cash and cash-equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $883.43M USD Point-in-time
Stockholders Equity 19 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 $2.48B USD Point-in-time
Unitholders' capital, beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.70B USD Point-in-time
Unitholders' capital, beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.41B USD Point-in-time
Adoption of new accounting guidance (ASU 2016-13) CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption $-356.00K USD Point-in-time
Capital contributions AdjustmentsToAdditionalPaidInCapitalCapitalContributions $19.82M USD 1 Quarter
Repurchase and cancellation of units StockRepurchasedAndRetiredDuringPeriodValueIncludingNoncontrollingInterestInConsolidatedSubsidiaries $9.93M USD 1 Quarter
Capital increase related to equity-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $13.21M USD 1 Quarter
Capital increase related to equity-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $5.08M USD 1 Quarter
Distributions declared DividendsCommonStockCash $130.12M USD 1 Quarter
Distributions declared DividendsCommonStockCash $41.87M USD 1 Quarter
Net income (loss) NetIncomeLossIncludingNoncontrollingInterestInConsolidatedSubsidiaries $120.20M USD 1 Quarter
Net income (loss) NetIncomeLossIncludingNoncontrollingInterestInConsolidatedSubsidiaries $-266.62M USD 1 Quarter
Foreign currency translation adjustment, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-8.15M 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 $2.48B USD Point-in-time
Unitholders' capital, end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.70B USD Point-in-time
Unitholders' capital, end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.41B USD Point-in-time
Comprehensive Income 14 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $184.40M USD 1 Quarter
Net income (loss) ProfitLoss $-442.72M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-8.15M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $3.71M USD 1 Quarter
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-8.15M USD 1 Quarter
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $3.71M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-450.87M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $188.11M USD 1 Quarter
Comprehensive income (loss) attributable to OCG ComprehensiveIncomeNetOfTax $-165.93M USD 1 Quarter
Comprehensive income (loss) attributable to OCG ComprehensiveIncomeNetOfTax $55.79M USD 1 Quarter
Comprehensive income attributable to preferred unitholders ComprehensiveUndistributedEarningsLossAllocatedtoParticipatingSecurities $6.83M USD 1 Quarter
Comprehensive income attributable to preferred unitholders ComprehensiveUndistributedEarningsLossAllocatedtoParticipatingSecurities $6.83M USD 1 Quarter
Comprehensive income (loss) attributable to OCG Class A unitholders ComprehensiveIncomeLossAvailabletoCommonStockholdersBasic $48.97M USD 1 Quarter
Comprehensive income (loss) attributable to OCG Class A unitholders ComprehensiveIncomeLossAvailabletoCommonStockholdersBasic $-172.76M USD 1 Quarter

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

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