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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Management fees $ 180,028 $ 195,015 $ 360,956 $ 393,568
Incentive income 454,027 87,701 562,684 143,638
Total revenues 634,055 282,716 923,640 537,206
Expenses:        
Compensation and benefits (102,002) (103,002) (206,489) (211,407)
Equity-based compensation (14,748) (14,726) (29,701) (28,622)
Incentive income compensation (266,556) (35,461) (301,164) (45,268)
Total compensation and benefits expense (383,306) (153,189) (537,354) (285,297)
General and administrative (34,388) (32,949) (66,607) (80,780)
Depreciation and amortization (3,004) (4,048) (6,828) (8,209)
Consolidated fund expenses (2,728) (1,462) (5,199) (2,546)
Total expenses (423,426) (191,648) (615,988) (376,832)
Other income (loss):        
Interest expense (44,251) (26,730) (93,021) (54,435)
Interest and dividend income 51,914 37,138 99,874 73,408
Net realized gain (loss) on consolidated funds’ investments 235 6,682 (1,637) 10,083
Net change in unrealized appreciation (depreciation) on consolidated funds’ investments 28,453 (5,301) 53,131 (25,973)
Investment income 49,106 41,000 99,557 70,447
Other income (expense), net 4,898 5,548 9,561 11,349
Total other income 90,355 58,337 167,465 84,879
Income before income taxes 300,984 149,405 475,117 245,253
Income taxes (5,541) (8,571) (17,843) (21,251)
Net income 295,443 140,834 457,274 224,002
Less:        
Net income attributable to Oaktree Capital Group, LLC $ 117,324 $ 49,047 $ 172,239 $ 77,125
Distributions declared per Class A unit (in dollars per share) $ 0.71 $ 0.55 $ 1.34 $ 1.02
Net income per unit (basic and diluted):        
Net income per Class A unit (in dollars per share) $ 1.83 $ 0.78 $ 2.71 $ 1.24
Weighted average number of Class A units outstanding (in shares) 64,193 62,617 63,611 62,256
Consolidated Funds        
Less:        
Net (income) loss attributable to non-controlling interests $ (3,861) $ (7,319) $ (13,553) $ (2,375)
Consolidated Subsidiaries        
Less:        
Net (income) loss attributable to non-controlling interests $ (174,258) $ (84,468) $ (271,482) $ (144,502)