XML 21 R6.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 140,302 $ 53,852
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Investment (income) loss (9,881) 18,933
Depreciation and amortization 0 993
Equity-based compensation 0 3,450
Net realized and unrealized (gain) loss from consolidated funds’ investments (24,410) 100,092
Accretion of original issue and market discount of consolidated funds’ investments, net (17,870) (15,584)
Distributions of investment income and settlements of derivative instruments 7,590 48,474
SPAC deconsolidation gain and other non-cash items (74) (52,559)
Cash flows due to changes in operating assets and liabilities:    
Net cash used in operating activities (369,850) (957,252)
Cash flows from investing activities:    
Purchases of U.S. Treasury and other securities 0 (8,824)
Proceeds from maturities and sales of U.S. Treasury and other securities 0 4,433
Corporate investments in funds and companies (409,539) (30,098)
Distributions and proceeds from corporate investments in funds and companies 79,492 23,343
Purchases of fixed assets 0 (138)
Net cash used in investing activities (330,047) (11,284)
Cash flows from financing activities:    
Net cash provided by financing activities 785,497 1,249,885
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations [Abstract]    
Effect of exchange rate changes on cash 2,254 (18,418)
Net increase in cash and cash-equivalents 87,854 262,931
Supplemental Cash Flow Information [Abstract]    
Initial consolidation (deconsolidation) of funds 0 (296,621)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations [Abstract]    
Cash and cash-equivalents, beginning balance 176,130 1,159,119
Cash and cash-equivalents, ending balance 263,984 1,125,429
Total cash and cash-equivalents 263,984 1,125,429
Oaktree Capital Group Excluding Consolidated Funds    
Cash flows due to changes in operating assets and liabilities:    
Decrease in deferred tax assets 0 505
Increase in other assets 17,217 (4,794)
(Increase) decrease in net due from affiliates 214,036 300,010
Increase (decrease) in accrued compensation expense (65,134) (110,831)
Increase (decrease) in accounts payable, accrued expenses and other liabilities (11,023) (2,530)
Cash flows from financing activities:    
Capital contributions, net 568,414 110,529
Proceeds from issuance of debt obligations 0 214,094
Distributions to Class A unitholders (78,730) (121,957)
Distributions to Non-controlling Interests (44,404) (71,204)
Distributions to preferred unitholders (13,658) (13,658)
Payment of debt issuance costs (128) (1,150)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations [Abstract]    
Cash and cash-equivalents, ending balance 17,980 348,040
Total cash and cash-equivalents 17,980 348,040
Consolidated Funds    
Cash flows due to changes in operating assets and liabilities:    
Increase (decrease) in accounts payable, accrued expenses and other liabilities (3,778) (11,923)
Increase in dividends and interest receivable (835) (7,607)
Increase in due from brokers 31,965 (57,390)
(Increase) decrease in receivables for securities sold (14,237) 25,325
(Increase) decrease in other assets (13,393) 3,621
Increase (decrease) in payables for securities purchased (43,499) 24,203
Purchases of securities (2,441,651) (5,113,662)
Proceeds from maturities and sales of securities 1,864,825 3,840,170
Cash flows from financing activities:    
Payment of debt issuance costs 0 (6,181)
Contributions from non-controlling interests 1,107,488 547,100
Distributions to non-controlling interests (63,085) (132,979)
Proceeds from debt obligations issued by CLOs 0 1,676,771
Repayment on debt obligations issued by CLOs 0 (807,542)
Borrowings on credit facilities 76,678 403,652
Repayments on credit facilities (767,078) (547,590)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations [Abstract]    
Cash and cash-equivalents, ending balance 246,004 777,389
Total cash and cash-equivalents $ 246,004 $ 777,389