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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
Total revenues $ 928,987 $ 1,386,079 $ 1,469,767
Expenses:      
Compensation and benefits (368,196) (407,674) (392,827)
Equity-based compensation (65,533) (62,989) (59,337)
Incentive income compensation (175,753) (338,675) (416,481)
Total compensation and benefits expense (609,482) (809,338) (868,645)
General and administrative (189,447) (153,483) (130,892)
Depreciation and amortization (20,287) (25,862) (15,776)
Consolidated fund expenses (23,315) (11,888) (10,030)
Total expenses (842,531) (1,000,571) (1,025,343)
Other income (loss):      
Interest expense (197,159) (160,111) (169,888)
Interest and dividend income 368,870 287,155 215,119
Net realized gain (loss) on consolidated funds’ investments (17,773) (23,528) 20,400
Net change in unrealized appreciation (depreciation) on consolidated funds’ investments 9,937 (164,592) 55,061
Investment income 146,569 157,110 201,289
Other income, net 58 7,782 138,519
Total other income 310,502 103,816 460,500
Income before income taxes 396,958 489,324 904,924
Income taxes (9,620) (24,779) (215,442)
Net income 387,338 464,545 689,482
Less:      
Net income attributable to Oaktree Capital Group, LLC 154,839 223,418 231,494
Net income attributable to preferred unitholders (27,316) (12,277) 0
Net income attributable to Oaktree Capital Group, LLC Class A unitholders $ 127,523 $ 211,141 $ 231,494
Distributions declared per Class A unit (in dollars per share) $ 4.96 $ 2.97 $ 3.21
Net income per unit (basic and diluted):      
Net income per Class A unit (in dollars per share) $ 1.59 $ 2.99 $ 3.61
Weighted average number of Class A units outstanding (basic and diluted) (in shares) 80,045 70,526 64,148
Consolidated Subsidiaries      
Less:      
Net income attributable to non-controlling interests $ (138,879) $ (282,818) $ (424,784)
Consolidated Funds      
Less:      
Net income attributable to non-controlling interests (93,620) 41,691 (33,204)
Management fees      
Revenues:      
Total revenues 578,863 712,020 726,414
Incentive income      
Revenues:      
Total revenues $ 350,124 $ 674,059 $ 743,353