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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Management fees $ 190,974 $ 47,106 $ 584,542 $ 148,848
Incentive income 99,256 3,385 242,894 3,949
Total revenues 290,230 50,491 827,436 152,797
Expenses:        
Compensation and benefits (97,552) (101,240) (308,959) (319,133)
Equity-based compensation (19,838) (12,494) (48,460) (40,283)
Incentive income compensation (47,385) (4,907) (92,653) (107,010)
Total compensation and benefits expense (164,775) (118,641) (450,072) (466,426)
General and administrative (32,252) (37,627) (113,032) (77,695)
Depreciation and amortization (3,867) (4,032) (12,076) (10,031)
Consolidated fund expenses (1,445) (30,218) (3,991) (118,269)
Total expenses (202,339) (190,518) (579,171) (672,421)
Other income (loss):        
Interest expense (32,414) (56,023) (86,849) (155,334)
Interest and dividend income 46,817 454,384 120,225 1,455,624
Net realized gain (loss) on consolidated funds’ investments (1,436) 318,267 8,647 1,650,645
Net change in unrealized appreciation (depreciation) on consolidated funds’ investments 10,231 (2,357,989) (15,742) (3,268,891)
Investment income 65,758 10,342 136,205 38,718
Other income (expense), net 543 6,368 11,892 13,925
Total other income (loss) 89,499 (1,624,651) 174,378 (265,313)
Income (loss) before income taxes 177,390 (1,764,678) 422,643 (784,937)
Income taxes (8,567) (1,893) (29,818) (15,253)
Net income (loss) 168,823 (1,766,571) 392,825 (800,190)
Less:        
Net income attributable to Oaktree Capital Group, LLC $ 58,297 $ 1,887 $ 135,422 $ 59,954
Distributions declared per Class A unit (in dollars per share) $ 0.58000 $ 0.5000 $ 1.6000 $ 1.7000
Net income per unit (basic and diluted):        
Net income per Class A unit (in dollars per share) $ 0.93 $ 0.04 $ 2.17 $ 1.27
Weighted average number of Class A units outstanding (in shares) 62,755 48,440 62,424 47,304
Consolidated Funds        
Less:        
Net (income) loss attributable to non-controlling interests $ (13,243) $ 1,779,225 $ (15,618) $ 1,034,521
Consolidated Subsidiaries        
Less:        
Net (income) loss attributable to non-controlling interests $ (97,283) $ (10,767) $ (241,785) $ (174,377)