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10-Q Filing

BROOKFIELD OAKTREE HOLDINGS, LLC CIK: 1403528 Q1 2021
Filing Information
Form Type 10-Q
Accession Number 0001403528-21-000018
Period End Date 20210331
Filing Date 20210512
Fiscal Year 2021
Fiscal Period Q1
XBRL Instance oak-20210331_htm.xml
Balance Sheet 33 line items
Line Item Tag Value Unit Period
Receivable for securities sold AccountsReceivableNet $46.72M USD Point-in-time
Receivable for securities sold AccountsReceivableNet $80.39M USD Point-in-time
Derivative assets, at fair value DerivativeAssets $967.00K USD Point-in-time
Derivative assets, at fair value DerivativeAssets $5.32M USD Point-in-time
Total assets Assets $11.26B USD Point-in-time
Total assets Assets $10.39B USD Point-in-time
Derivative liabilities, at fair value DerivativeLiabilities $20.98M USD Point-in-time
Derivative liabilities, at fair value DerivativeLiabilities $9.31M USD Point-in-time
Operating lease liabilities OperatingLeaseLiability $43.20M USD Point-in-time
Total liabilities Liabilities $7.80B USD Point-in-time
Total liabilities Liabilities $8.27B USD Point-in-time
Commitments and contingencies (Note 15) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 15) CommitmentsAndContingencies - USD Point-in-time
Non-controlling redeemable interests in consolidated funds RedeemableNoncontrollingInterestEquityCarryingAmount $805.02M 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 $715.35M USD Point-in-time
Paid-in capital AdditionalPaidInCapitalCommonStock $819.96M USD Point-in-time
Paid-in capital AdditionalPaidInCapitalCommonStock $863.24M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $119.92M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $293.06M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-11.61M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-5.41M USD Point-in-time
Unitholders capital attributable to Oaktree Capital Group, LLC StockholdersEquity $1.55B USD Point-in-time
Unitholders capital attributable to Oaktree Capital Group, LLC StockholdersEquity $1.34B USD Point-in-time
Non-controlling interests in consolidated subsidiaries NonredeemableNoncontrollingInterest $544.93M USD Point-in-time
Non-controlling interests in consolidated subsidiaries NonredeemableNoncontrollingInterest $638.60M USD Point-in-time
Total unitholders capital StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.88B 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 unitholders capital StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.18B USD Point-in-time
Total liabilities and unitholders capital LiabilitiesAndStockholdersEquity $10.39B USD Point-in-time
Total liabilities and unitholders capital LiabilitiesAndStockholdersEquity $11.26B 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 $607.75M USD 1 Quarter
Compensation and benefits CompensationAndBenefits $41.25M USD 1 Quarter
Compensation and benefits CompensationAndBenefits $32.46M USD 1 Quarter
Equity-based compensation ShareBasedCompensation $3.40M USD 1 Quarter
Equity-based compensation ShareBasedCompensation $5.37M USD 1 Quarter
Incentive income compensation IncentiveIncomeCompensation $265.93M USD 1 Quarter
Incentive income compensation IncentiveIncomeCompensation $426.00K USD 1 Quarter
Total compensation and benefits expense LaborAndRelatedExpense $38.25M USD 1 Quarter
Total compensation and benefits expense LaborAndRelatedExpense $310.58M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $6.51M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $4.95M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $452.00K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $579.00K USD 1 Quarter
Consolidated fund expenses ConsolidatedFundExpenses $13.88M USD 1 Quarter
Consolidated fund expenses ConsolidatedFundExpenses $10.83M USD 1 Quarter
Total expenses CostsAndExpenses $59.09M USD 1 Quarter
Total expenses CostsAndExpenses $326.94M USD 1 Quarter
Interest expense InterestExpense $36.88M USD 1 Quarter
Interest expense InterestExpense $44.61M USD 1 Quarter
Interest and dividend income InvestmentIncomeInterestAndDividend $88.44M USD 1 Quarter
Interest and dividend income InvestmentIncomeInterestAndDividend $93.80M USD 1 Quarter
Net realized gain (loss) on consolidated funds investments RealizedInvestmentGainsLosses $-39.25M USD 1 Quarter
Net realized gain (loss) on consolidated funds investments RealizedInvestmentGainsLosses $6.04M 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 $53.87M USD 1 Quarter
Investment income (loss) IncomeLossFromEquityMethodInvestmentsAndInvestmentIncomeNet $-109.67M USD 1 Quarter
Investment income (loss) IncomeLossFromEquityMethodInvestmentsAndInvestmentIncomeNet $113.24M USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $19.00K USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $52.00K USD 1 Quarter
Total other income (loss) NonoperatingIncomeExpense $-425.75M USD 1 Quarter
Total other income (loss) NonoperatingIncomeExpense $224.74M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-440.92M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $505.55M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $1.80M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $2.27M USD 1 Quarter
Net income (loss) ProfitLoss $503.28M 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 $285.55M 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 $278.72M USD 1 Quarter
Net income (loss) attributable to OCG Class A unitholders NetIncomeLossAvailableToCommonStockholdersBasic $-167.73M USD 1 Quarter
Distributions declared per Class A unit (in dollars per share) CommonStockDividendsPerShareDeclared $1.07 USD 1 Quarter
Distributions declared per Class A unit (in dollars per share) CommonStockDividendsPerShareDeclared $0.22 USD 1 Quarter
Net income (loss) per Class A unit (in dollars per share) EarningsPerShareBasicAndDiluted $-1.71 USD 1 Quarter
Net income (loss) per Class A unit (in dollars per share) EarningsPerShareBasicAndDiluted $2.82 USD 1 Quarter
Weighted average number of Class A units outstanding (in shares) WeightedAverageNumberOfShareOutstandingBasicAndDiluted 98.01M shares 1 Quarter
Weighted average number of Class A units outstanding (in shares) WeightedAverageNumberOfShareOutstandingBasicAndDiluted 98.71M shares 1 Quarter
Cash Flow Statement 50 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $503.28M 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 $113.24M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $452.00K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $579.00K USD 1 Quarter
Equity-based compensation ShareBasedCompensation $3.40M USD 1 Quarter
Equity-based compensation ShareBasedCompensation $5.37M USD 1 Quarter
Net realized and unrealized (gain) loss from consolidated funds investments GainLossOnInvestments $-365.31M USD 1 Quarter
Net realized and unrealized (gain) loss from consolidated funds investments GainLossOnInvestments $59.91M USD 1 Quarter
Amortization (accretion) of original issue and market discount of consolidated funds investments, net AmortizationAccretionOfOriginalIssueAndMarketDiscountOfConsolidatedFundsInvestments $-842.00K USD 1 Quarter
Amortization (accretion) of original issue and market discount of consolidated funds investments, net AmortizationAccretionOfOriginalIssueAndMarketDiscountOfConsolidatedFundsInvestments $7.83M USD 1 Quarter
Income distributions from corporate investments in funds and companies ProceedsfromInvestmentsDistribution $70.50M USD 1 Quarter
Income distributions from corporate investments in funds and companies ProceedsfromInvestmentsDistribution $2.40M USD 1 Quarter
SPAC deconsolidation gain and other non-cash items OtherNoncashIncomeExpense $72.35M USD 1 Quarter
SPAC deconsolidation gain and other non-cash items OtherNoncashIncomeExpense $-46.00K USD 1 Quarter
Net cash provided (used in) operating activities NetCashProvidedByUsedInOperatingActivities $66.66M USD 1 Quarter
Net cash provided (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-400.58M USD 1 Quarter
Purchases of U.S. Treasury and other securities PaymentsToAcquireMarketableSecurities $7.22M USD 1 Quarter
Purchases of U.S. Treasury and other securities PaymentsToAcquireMarketableSecurities $7.50M USD 1 Quarter
Proceeds from maturities and sales of U.S. Treasury and other securities ProceedsFromSaleAndMaturityOfMarketableSecurities $7.14M USD 1 Quarter
Proceeds from maturities and sales of U.S. Treasury and other securities ProceedsFromSaleAndMaturityOfMarketableSecurities $7.50M USD 1 Quarter
Corporate investments in funds and companies PaymentsToAcquireEquityMethodAndOtherInvestments $74.39M 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 $6.24M USD 1 Quarter
Distributions and proceeds from corporate investments in funds and companies ProceedsFromSaleAndDistributionsFromEquityMethodAndOtherInvestments $111.41M USD 1 Quarter
Purchases of fixed assets PaymentsToAcquirePropertyPlantAndEquipment $84.00K USD 1 Quarter
Purchases of fixed assets PaymentsToAcquirePropertyPlantAndEquipment $12.00K USD 1 Quarter
Net cash provided (used in) by investing activities NetCashProvidedByUsedInInvestingActivities $-31.85M USD 1 Quarter
Net cash provided (used in) by investing activities NetCashProvidedByUsedInInvestingActivities $37.01M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $483.77M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $288.90M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-9.94M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-9.35M USD 1 Quarter
Net increase in cash and cash-equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $383.22M USD 1 Quarter
Net increase in cash and cash-equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $41.41M USD 1 Quarter
Initial consolidation (deconsolidation) of funds VariableInterestEntityInitialConsolidationDeconsolidationDecreaseInCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $206.10M USD 1 Quarter
Initial consolidation (deconsolidation) of funds VariableInterestEntityInitialConsolidationDeconsolidationDecreaseInCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-236.00K USD 1 Quarter
Cash and cash-equivalents, beginning balance CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $841.79M USD Point-in-time
Cash and cash-equivalents, beginning balance CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.20B USD Point-in-time
Cash and cash-equivalents, beginning balance CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.38B USD Point-in-time
Cash and cash-equivalents, beginning balance CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $883.43M USD Point-in-time
Cash and cash-equivalents, ending balance CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $841.79M USD Point-in-time
Cash and cash-equivalents, ending balance CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.20B USD Point-in-time
Cash and cash-equivalents, ending balance CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.38B USD Point-in-time
Cash and cash-equivalents, ending balance CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $883.43M USD Point-in-time
Total cash and cash-equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $841.79M USD Point-in-time
Total cash and cash-equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.20B USD Point-in-time
Total cash and cash-equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.38B USD Point-in-time
Total cash and cash-equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $883.43M USD Point-in-time
Stockholders Equity 21 line items
Line Item Tag Value Unit Period
Unitholders' capital, beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.88B 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
Unitholders' capital, beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.18B USD Point-in-time
Net issuance of units StockIssuedDuringPeriodValueNewIssues - USD 1 Quarter
Net issuance of units StockIssuedDuringPeriodValueNewIssues - USD 1 Quarter
Capital contributions AdjustmentsToAdditionalPaidInCapitalCapitalContributions $19.82M USD 1 Quarter
Capital contributions AdjustmentsToAdditionalPaidInCapitalCapitalContributions $37.50M USD 1 Quarter
Equity reallocation between controlling and non-controlling interests NoncontrollingInterestIncreaseDecreaseFromEquityReallocation $-1.98M USD 1 Quarter
Capital increase related to equity-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $3.40M USD 1 Quarter
Capital increase related to equity-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $5.08M USD 1 Quarter
Distributions declared DividendsCommonStockCash $41.87M USD 1 Quarter
Distributions declared DividendsCommonStockCash $178.08M USD 1 Quarter
Net income (loss) NetIncomeLossIncludingNoncontrollingInterestInConsolidatedSubsidiaries $-266.62M USD 1 Quarter
Net income (loss) NetIncomeLossIncludingNoncontrollingInterestInConsolidatedSubsidiaries $451.98M USD 1 Quarter
Foreign currency translation adjustment, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-8.15M USD 1 Quarter
Foreign currency translation adjustment, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-8.93M USD 1 Quarter
Unitholders' capital, end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.88B 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
Unitholders' capital, end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.18B USD Point-in-time
Comprehensive Income 14 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $503.28M 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 $-8.93M USD 1 Quarter
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-8.15M USD 1 Quarter
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-8.93M USD 1 Quarter
Total comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-450.87M USD 1 Quarter
Total comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $494.36M USD 1 Quarter
Comprehensive income (loss) attributable to OCG ComprehensiveIncomeNetOfTax $279.36M USD 1 Quarter
Comprehensive income (loss) attributable to OCG ComprehensiveIncomeNetOfTax $-165.93M 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 $272.53M 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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