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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Management fees $ 181,312 $ 190,974 $ 542,268 $ 584,542
Incentive income 53,720 99,256 616,404 242,894
Total revenues 235,032 290,230 1,158,672 827,436
Expenses:        
Compensation and benefits (98,224) (97,552) (304,713) (308,959)
Equity-based compensation (15,828) (19,838) (45,529) (48,460)
Incentive income compensation (26,362) (47,385) (327,526) (92,653)
Total compensation and benefits expense (140,414) (164,775) (677,768) (450,072)
General and administrative (24,096) (32,252) (90,703) (113,032)
Depreciation and amortization (3,037) (3,867) (9,865) (12,076)
Consolidated fund expenses (2,226) (1,445) (7,425) (3,991)
Total expenses (169,773) (202,339) (785,761) (579,171)
Other income (loss):        
Interest expense (35,776) (32,414) (128,797) (86,849)
Interest and dividend income 55,218 46,817 155,092 120,225
Net realized gain (loss) on consolidated funds’ investments 3,392 (1,436) 1,755 8,647
Net change in unrealized appreciation (depreciation) on consolidated funds’ investments 3,662 10,231 56,793 (15,742)
Investment income 51,061 65,758 150,618 136,205
Other income (expense), net 5,418 543 14,979 11,892
Total other income 82,975 89,499 250,440 174,378
Income before income taxes 148,234 177,390 623,351 422,643
Income taxes (13,857) (8,567) (31,700) (29,818)
Net income 134,377 168,823 591,651 392,825
Less:        
Net income attributable to Oaktree Capital Group, LLC $ 45,841 $ 58,297 $ 218,080 $ 135,422
Distributions declared per Class A unit (in dollars per share) $ 1.31 $ 0.58 $ 2.65 $ 1.6
Net income per unit (basic and diluted):        
Net income per Class A unit (in dollars per share) $ 0.71 $ 0.93 $ 3.41 $ 2.17
Weighted average number of Class A units outstanding (in shares) 64,394 62,755 63,875 62,424
Consolidated Funds        
Less:        
Net (income) loss attributable to non-controlling interests $ (9,990) $ (13,243) $ (23,543) $ (15,618)
Consolidated Subsidiaries        
Less:        
Net (income) loss attributable to non-controlling interests $ (78,546) $ (97,283) $ (350,028) $ (241,785)