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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 305,928 $ 203,158
Adjustments to reconcile net income to net cash used in operating activities:    
Adoption of revenue recognition standard 0 48,709
Investment income (94,985) (91,486)
Depreciation and amortization 13,130 12,953
Equity-based compensation 36,977 29,867
Net realized and unrealized (gain) loss from consolidated funds’ investments (53,559) 48,188
Amortization (accretion) of original issue and market discount of consolidated funds’ investments, net (4,298) (2,020)
Income distributions from corporate investments in funds and companies 102,763 126,810
Other non-cash items 2,630 777
Cash flows due to changes in operating assets and liabilities:    
Net cash used in operating activities (986,061) (28,901)
Cash flows from investing activities:    
Purchases of U.S. Treasury and other securities (538,095) (338,039)
Proceeds from maturities and sales of U.S. Treasury and other securities 696,991 242,074
Corporate investments in funds and companies (98,707) (145,041)
Distributions and proceeds from corporate investments in funds and companies 150,782 216,456
Purchases of fixed assets (4,304) (1,441)
Net cash provided by (used in) investing activities 206,667 (25,991)
Cash flows from financing activities:    
Net proceeds from issuance of preferred units 0 173,669
Net cash provided by (used in) financing activities 1,132,782 (45,058)
Effect of exchange rate changes on cash (760) (1,045)
Net increase (decrease) in cash and cash-equivalents 352,628 (100,995)
Deconsolidation of funds (81,855) (12,315)
Cash and cash-equivalents, beginning balance 831,727 959,465
Cash and cash-equivalents, ending balance 1,102,500 846,155
Total cash and cash-equivalents 831,727 959,465
Consolidated Funds    
Cash flows due to changes in operating assets and liabilities:    
Increase (decrease) in accounts payable, accrued expenses and other liabilities 13,668 5,191
(Increase) decrease in dividends and interest receivable (2,343) 528
(Increase) decrease in due from brokers 11,476 (2,745)
(Increase) decrease in receivables for securities sold 3,246 20,183
Increase in other assets (1,804) (151)
Increase (decrease) in payables for securities purchased 45,700 (20,588)
Purchases of securities (2,796,529) (2,474,617)
Proceeds from maturities and sales of securities 1,270,813 2,101,594
Cash flows from financing activities:    
Distributions to non-controlling interests (96,987) (197,806)
Payment of debt issuance costs (1,910) (1,771)
Contributions from non-controlling interests 141,057 107,177
Proceeds from debt obligations issued by CLOs 1,867,459 633,055
Repayment on debt obligations issued by CLOs (500,761) (456,963)
Borrowings on credit facilities 416,838 0
Repayments on credit facilities (372,000) 0
Cash and cash-equivalents, ending balance 403,071 286,730
Total cash and cash-equivalents 403,071 286,730
Oaktree Capital Group Excluding Consolidated Funds    
Cash flows due to changes in operating assets and liabilities:    
Increase in other assets (1,413) (1,129)
Decrease in net due from affiliates 309,389 74,328
Decrease in accrued compensation expense (157,426) (103,355)
Increase (decrease) in accounts payable, accrued expenses and other liabilities 10,576 (5,096)
Cash flows from financing activities:    
Net proceeds from issuance of Class A units 0 219,750
Purchase of OCGH units 0 (219,525)
Repurchase and cancellation of units (9,952) (10,833)
Distributions to Class A unitholders (130,325) (121,757)
Distributions to preferred unitholders (13,658) 0
Distributions to OCGH unitholders (164,624) (165,264)
Distributions to non-controlling interests (2,355) (2,555)
Payment of debt issuance costs 0 (2,235)
Cash and cash-equivalents, ending balance 699,429 559,425
Total cash and cash-equivalents $ 699,429 $ 559,425