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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income $ 387,338 $ 464,545 $ 689,482
Adjustments to reconcile net income to net cash used in operating activities:      
Adoption of revenue recognition standard 0 48,709 0
Investment income (146,569) (157,110) (201,289)
Depreciation and amortization 20,287 25,862 15,776
Equity-based compensation 65,533 62,989 59,337
Net realized and unrealized (gain) loss from consolidated funds’ investments 7,836 188,120 (75,461)
Amortization (accretion) of original issue and market discount of consolidated funds’ investments, net (3,625) (4,999) (3,816)
Income distributions from corporate investments in funds and companies 134,512 197,801 182,844
Other non-cash items 2,929 1,961 1,028
Cash flows due to changes in operating assets and liabilities:      
Net cash used in operating activities (3,133,647) (617,017) (336,305)
Cash flows from investing activities:      
Purchases of U.S. Treasury and other securities (602,600) (1,048,083) (610,474)
Proceeds from maturities and sales of U.S. Treasury and other securities 1,129,930 678,067 1,191,670
Corporate investments in funds and companies (264,673) (442,216) (158,663)
Distributions and proceeds from corporate investments in funds and companies 495,509 324,898 264,226
Acquisition (BDCs) 0 0 (319,435)
Purchases of fixed assets (6,764) (5,816) (29,413)
Proceeds from sale of fixed assets 0 0 5,048
Net cash provided by (used in) investing activities 751,402 (493,150) 342,959
Cash flows from financing activities:      
Net cash provided by (used in) financing activities 2,730,302 994,983 (51,032)
Effect of exchange rate changes on cash (8,289) (239) 39,285
Net increase (decrease) in cash and cash-equivalents 339,768 (115,423) (5,093)
Deconsolidation due to restructuring (145,295) 0 0
Initial consolidation (deconsolidation) of funds (184,407) (12,315) 5,358
Cash and cash-equivalents, beginning balance 831,727 959,465 959,200
Cash and cash-equivalents, ending balance 841,793 831,727 959,465
Supplemental cash flow disclosures:      
Cash paid for interest 136,385 131,113 146,341
Cash paid for income taxes 8,887 13,103 22,853
Supplemental disclosure of non-cash activities:      
Net assets related to the initial consolidation of funds 162,630 0 296,971
Net assets related to the deconsolidation of funds 1,030,712 8,165 0
Net assets related to the deconsolidation due to restructuring 500,629 0 0
Oaktree Capital Group Excluding Consolidated Funds      
Cash flows due to changes in operating assets and liabilities:      
Decrease in deferred tax assets 122 13,122 202,294
(Increase) decrease in other assets 4,365 10,745 7,818
Increase (decrease) in net due to affiliates 177,615 (241,067) (184,616)
Increase (decrease) in accrued compensation expense (155,900) 161,526 (9,143)
Increase (decrease) in accounts payable, accrued expenses and other liabilities 63,972 (22,537) 7,533
Cash flows from financing activities:      
Proceeds from issuance of debt obligations 0 0 250,000
Repayments of debt obligations 0 0 (250,000)
Net proceeds from issuance of Class A units 0 219,750 0
Purchase of OCGH units 0 (219,525) 0
Repurchase and cancellation of units (12,191) (12,195) (12,317)
Distributions to Class A unitholders (439,433) (210,941) (206,212)
Distributions to preferred unitholders (27,316) (12,277) 0
Distributions to OCGH unitholders (360,321) (284,507) (355,834)
Distributions to non-controlling interests (3,421) (4,921) (4,784)
Net proceeds from issuance of preferred units 0 400,584 0
Payment of debt issuance costs 0 (2,235) 0
Cash and cash-equivalents, beginning balance 460,937 481,631  
Cash and cash-equivalents, ending balance 323,550 460,937 481,631
Consolidated Funds      
Cash flows due to changes in operating assets and liabilities:      
Increase (decrease) in accounts payable, accrued expenses and other liabilities 61,380 13,632 2,802
Increase in dividends and interest receivable (7,092) (6,554) (4,328)
Decrease in due from brokers 11,476 42,683 44,457
(Increase) decrease in receivables for securities sold (25,285) 75,122 (101,668)
Increase in other assets (5,251) (286) (286)
Increase (decrease) in payables for securities purchased 56,694 (118,813) 259,652
Purchases of securities (6,684,118) (4,949,238) (5,337,361)
Proceeds from maturities and sales of securities 2,900,134 3,576,770 4,108,640
Cash flows from financing activities:      
Proceeds from issuance of debt obligations 4,754,098 1,741,258 1,709,592
Repayments of debt obligations (1,893,506) (730,456) (1,688,229)
Contributions from non-controlling interests 664,679 447,260 331,764
Distributions to non-controlling interests (107,499) (335,041) (148,617)
Payment of debt issuance costs (4,199) (1,771) (8,159)
Borrowings on credit facilities 531,411 0 702,100
Repayments on credit facilities (372,000) 0 (370,336)
Cash and cash-equivalents, beginning balance 370,790 477,834  
Cash and cash-equivalents, ending balance $ 518,243 $ 370,790 $ 477,834