Summary of Net Income (Loss) |
The following table sets forth a summary of net income attributable to the OCGH unitholders' non-controlling interest and to Class A unitholders: | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2017 | | 2016 | | 2017 | | 2016 | Weighted average Oaktree Operating Group units outstanding (in thousands): | | | | | | | | OCGH non-controlling interest | 91,740 |
| | 92,440 |
| | 91,692 |
| | 92,177 |
| Class A unitholders | 64,193 |
| | 62,617 |
| | 63,611 |
| | 62,256 |
| Total weighted average units outstanding | 155,933 |
| | 155,057 |
| | 155,303 |
| | 154,433 |
| Oaktree Operating Group net income: | | | |
| | | | |
| Net income attributable to OCGH non-controlling interest | $ | 173,638 |
| | $ | 83,256 |
| | $ | 270,236 |
| | $ | 142,082 |
| Net income attributable to Class A unitholders | 121,499 |
| | 56,397 |
| | 187,927 |
| | 96,012 |
| Oaktree Operating Group net income (1) | $ | 295,137 |
| | $ | 139,653 |
| | $ | 458,163 |
| | $ | 238,094 |
| Net income attributable to Oaktree Capital Group, LLC: | | | |
| | | | |
| Oaktree Operating Group net income attributable to Class A unitholders | $ | 121,499 |
| | $ | 56,397 |
| | $ | 187,927 |
| | $ | 96,012 |
| Non-Operating Group expenses | (255 | ) | | (201 | ) | | (487 | ) | | (465 | ) | Income tax expense of Intermediate Holding Companies | (3,920 | ) | | (7,149 | ) | | (15,201 | ) | | (18,422 | ) | Net income attributable to Oaktree Capital Group, LLC | $ | 117,324 |
| | $ | 49,047 |
| | $ | 172,239 |
| | $ | 77,125 |
|
| | (1) | Oaktree Operating Group net income does not include amounts attributable to other non-controlling interests, which amounted to $620 and $1,246 for the three and six months ended June 30, 2017, respectively, and $1,212 and $2,420 for the three and six months ended June 30, 2016, respectively. |
|
Changes in Company Ownership Interest |
The change in the Company’s ownership interest in the Oaktree Operating Group is set forth below: | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2017 | | 2016 | | 2017 | | 2016 | | | | | | | | | Net income attributable to Oaktree Capital Group, LLC | $ | 117,324 |
| | $ | 49,047 |
| | $ | 172,239 |
| | $ | 77,125 |
| Equity reallocation between controlling and non-controlling interests | (2,562 | ) | | 645 |
| | 9,499 |
| | 8,126 |
| Change from net income attributable to Oaktree Capital Group, LLC and transfers from non-controlling interests | $ | 114,762 |
| | $ | 49,692 |
| | $ | 181,738 |
| | $ | 85,251 |
|
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