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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Total revenues $ 2,072 $ 116,583 $ 61,473 $ 179,613
Expenses:        
Compensation and benefits (85) (37,830) (176) (81,919)
Equity-based compensation 0 (1,952) 0 (3,450)
Incentive income compensation 1,494 (12,937) (57,044) (17,894)
Total compensation and benefits expense 1,409 (52,719) (57,220) (103,263)
General and administrative (179) (6,259) (2,103) (11,297)
Depreciation and amortization 0 (411) 0 (993)
Consolidated fund expenses (13,188) (15,357) (27,324) (40,159)
Total expenses (11,958) (74,746) (86,647) (155,712)
Other income (loss):        
Interest expense (12,161) (57,849) (28,710) (97,040)
Interest and dividend income 93,086 129,857 159,895 253,429
Net realized gain (loss) on consolidated funds’ investments 30,701 16,126 62,381 (73,099)
Net change in unrealized appreciation (depreciation) on consolidated funds’ investments (12,789) (155,352) (37,971) (26,993)
Investment income (loss) (41,841) (30,674) 9,881 (18,933)
Total other income (loss) 56,996 (97,892) 165,476 37,364
Income (loss) before income taxes 47,110 (56,055) 140,302 61,265
Income taxes 0 (3,716) 0 (7,413)
Net income (loss) 47,110 (59,771) 140,302 53,852
Less:        
Net income (loss) attributable to Oaktree Capital Group, LLC 494 (14,527) 46,252 3,155
Net income attributable to preferred unitholders (6,829) (6,829) (13,658) (13,658)
Net income (loss) attributable to Oaktree Capital Group, LLC Class A unitholders $ (6,335) $ (21,356) $ 32,594 $ (10,503)
Distributions declared per Class A unit (in dollars per share) $ 0.72 $ 0.16 $ 0.83 $ 1.13
Net income (loss) per Class A unit (basic and diluted):        
Net income (loss) per Class A unit, basic (in dollars per share) (0.06) (0.21) 0.31 (0.10)
Net income (loss) per Class A unit, diluted (in dollars per share) $ (0.06) $ (0.21) $ 0.31 $ (0.10)
Weighted average number of Class A units outstanding, diluted (in shares) 160,116 159,907 160,089 159,911
Consolidated Funds        
Less:        
Net income (loss) attributable to non-controlling interests $ (60,571) $ 32,093 $ (88,305) $ (66,850)
Consolidated Subsidiaries        
Less:        
Net income (loss) attributable to non-controlling interests 13,955 13,151 (5,745) 16,153
Class A Units        
Less:        
Net income (loss) attributable to Oaktree Capital Group, LLC Class A unitholders $ (6,335) $ (21,356) $ 32,594 $ (10,503)
Net income (loss) per Class A unit (basic and diluted):        
Net income (loss) per Class A unit, basic (in dollars per share) $ (0.06) $ (0.21) $ 0.31 $ (0.10)
Net income (loss) per Class A unit, diluted (in dollars per share) $ (0.06) $ (0.21) $ 0.31 $ (0.10)
Weighted average number of Class A units outstanding, basic (in shares) 108,796 102,820 105,954 100,989
Weighted average number of Class A units outstanding, diluted (in shares) 108,796 102,820 105,954 100,989
Management fees        
Revenues:        
Total revenues $ 0 $ 63,079 $ 0 $ 123,510
Incentive income        
Revenues:        
Total revenues $ 2,072 $ 53,504 $ 61,473 $ 56,103