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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Total revenues $ 43,919 $ 266,415
Expenses:    
Compensation and benefits (32,459) (114,523)
Equity-based compensation (5,365) (14,329)
Incentive income compensation (426) (52,300)
Total compensation and benefits expense (38,250) (181,152)
General and administrative (6,506) (47,603)
Depreciation and amortization (452) (6,564)
Consolidated fund expenses (13,881) (2,155)
Total expenses (59,089) (237,474)
Other income (loss):    
Interest expense (44,612) (45,765)
Interest and dividend income 93,799 92,252
Net realized loss on consolidated funds’ investments (39,247) (5,819)
Net change in unrealized appreciation (depreciation) on consolidated funds’ investments (326,067) 57,117
Investment income (loss) (109,673) 62,150
Other income, net 52 22
Total other income (loss) (425,748) 159,957
Income (loss) before income taxes (440,918) 188,898
Income taxes (1,798) (4,498)
Net income (loss) (442,716) 184,400
Less:    
Net income (loss) attributable to Oaktree Capital Group, LLC (160,899) 54,083
Net income attributable to preferred unitholders (6,829) (6,829)
Net income (loss) attributable to OCG Class A unitholders $ (167,728) $ 47,254
Distributions declared per Class A unit (in dollars per share) $ 0.22 $ 0.75
Net income (loss) per Class A unit (basic and diluted):    
Net income per Class A unit (in dollars per share) $ (1.71) $ 0.66
Weighted average Oaktree Operating Group units outstanding (in shares) 98,014 71,632
Consolidated Funds    
Less:    
Net income (loss) attributable to non-controlling interests $ 176,100 $ (64,202)
Consolidated Subsidiaries    
Less:    
Net income (loss) attributable to non-controlling interests 105,717 (66,115)
Management fees    
Revenues:    
Total revenues 41,524 169,934
Incentive income    
Revenues:    
Total revenues $ 2,395 $ 96,481