UNITHOLDERS' CAPITAL (Tables)

12 Months Ended

Dec. 31, 2019

Equity [Abstract]

Schedule of Distributions Made

Distributions per Class A unit are set forth below:

Payment Date	Record Date	Applicable to Quarterly Period Ended	Distribution Per Unit
November 12, 2019	October 31, 2019	September 30, 2019	$	0.03
September 30, 2019	September 30, 2019	-	3.13
May 10, 2019	May 6, 2019	March 31, 2019	1.05
February 22, 2019	February 15, 2019	December 31, 2018	0.75
Total 2019			$	4.96
November 13, 2018	November 5, 2018	September 30, 2018	$	0.70
August 10, 2018	August 6, 2018	June 30, 2018	0.55
May 11, 2018	May 7, 2018	March 31, 2018	0.96
February 23, 2018	February 16, 2018	December 31, 2017	0.76
Total 2018			$	2.97
November 10, 2017	November 6, 2017	September 30, 2017	$	0.56
August 11, 2017	August 7, 2017	June 30, 2017	1.31
May 12, 2017	May 8, 2017	March 31, 2017	0.71
February 24, 2017	February 17, 2017	December 31, 2016	0.63
Total 2017			$	3.21

Summary of Net Income (Loss)

The following table sets forth a summary of net income attributable to the preferred unitholders, the OCGH non-controlling interest and the Class A common unitholders:

	Year Ended December 31,
	2019			2018			2017
Weighted average Oaktree Operating Group units outstanding (in thousands):
OCGH non-controlling interest	79,084			86,390			91,643
Class A unitholders	80,045			70,526			64,148
Total weighted average units outstanding	159,129			156,916			155,791
Oaktree Operating Group net income:
Net income attributable to preferred unitholders (1)	$	27,316		$	12,277		$	—
Net income attributable to OCGH non-controlling interest	137,100			280,159			422,122
Net income attributable to OCG Class A unitholders	137,921			228,791			295,161
Oaktree Operating Group net income (2)	$	302,337		$	521,227		$	717,283
Net income attributable to OCG Class A unitholders:
Oaktree Operating Group net income attributable to OCG Class A unitholders	$	137,921		$	228,791		$	295,161
Non-Operating Group income (expense)	(8,662		)	(632		)	144,143
Income tax expense of Intermediate Holding Companies	(1,736		)	(17,018		)	(207,810		)
Net income attributable to OCG Class A unitholders	$	127,523		$	211,141		$	231,494

(1) Represents distributions declared, if any, on the preferred units.

(2)

Oaktree Operating Group net income does not include amounts attributable to other non-controlling interests, which amounted to $1,779, $2,659 and $2,662 for the years ended December 31, 2019, 2018 and 2017, respectively. As a result of the Restructuring, as of October 1, 2019, four of the six Oaktree Operating Group entities are no longer indirect subsidiaries of the Company. Accordingly, subsequent to that date, the consolidated financial statements reflect the Company’s indirect economic interest in only two of the Oaktree Operating Group entities: (i) Oaktree Capital I and (ii) OCM Cayman.

Changes in Company Ownership Interest

The change in the Company’s ownership interest in the Oaktree Operating Group is set forth below:

	Year Ended December 31,
	2019		2018		2017
Net income attributable to OCG Class A unitholders	$	127,523	$	211,141	$	231,494
Equity reallocation between controlling and non-controlling interests	306,015		80,106		23,151
Change from net income attributable to OCG Class A unitholders and transfers from non-controlling interests	$	433,538	$	291,247	$	254,645