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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Total revenues $ 63,030 $ 607,751
Expenses:    
Compensation and benefits (44,089) (41,247)
Equity-based compensation (1,497) (3,403)
Incentive income compensation (4,957) (265,930)
Total compensation and benefits expense (50,543) (310,580)
General and administrative (5,038) (4,945)
Depreciation and amortization (583) (579)
Consolidated fund expenses (24,802) (10,834)
Total expenses (80,966) (326,938)
Other income (loss):    
Interest expense (39,191) (36,876)
Interest and dividend income 123,572 88,444
Net realized gain (loss) on consolidated funds’ investments (89,225) 6,044
Net change in unrealized appreciation (depreciation) on consolidated funds’ investments 128,359 53,868
Investment income 11,741 113,239
Other income, net 0 19
Total other income 135,256 224,738
Income before income taxes 117,320 505,551
Income taxes (3,697) (2,270)
Net income (loss) 113,623 503,281
Less:    
Net income (loss) attributable to Oaktree Capital Group, LLC 17,682 285,548
Net income attributable to preferred unitholders (6,829) (6,829)
Net income attributable to OCG Class A unitholders $ 10,853 $ 278,719
Net income per Class A unit (basic and diluted):    
Weighted average number of Class A units outstanding, diluted (in shares) 159,916 160,050
Class A Units    
Less:    
Net income attributable to OCG Class A unitholders $ 10,853 $ 278,719
Distributions declared per Class A unit (in dollars per share) $ 0.97 $ 1.07
Net income per Class A unit (basic and diluted):    
Net income per Class A unit, basic (in dollars per share) 0.11 2.82
Net income per Class A unit, diluted (in dollars per share) $ 0.11 $ 2.82
Weighted average number of Class A units outstanding, basic (in shares) 99,137 98,708
Weighted average number of Class A units outstanding, diluted (in shares) 99,137 98,708
Consolidated Funds    
Less:    
Net income (loss) attributable to non-controlling interests $ (98,943) $ (51,305)
Consolidated Subsidiaries    
Less:    
Net income (loss) attributable to non-controlling interests 3,002 (166,428)
Management fees    
Revenues:    
Total revenues 60,431 56,326
Incentive income    
Revenues:    
Total revenues $ 2,599 $ 551,425