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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Total revenues $ 45,582 $ 205,190 $ 181,810 $ 785,088
Expenses:        
Compensation and benefits (33,659) (111,281) (96,368) (334,919)
Equity-based compensation (4,068) (22,779) (13,380) (59,756)
Incentive income compensation (474) (11,427) (15,612) (136,849)
Total compensation and benefits expense (38,201) (145,487) (125,360) (531,524)
General and administrative (6,395) (86,851) (18,816) (184,592)
Depreciation and amortization (561) (6,602) (1,498) (19,732)
Consolidated fund expenses (11,706) (6,540) (31,726) (12,994)
Total expenses (56,863) (245,480) (177,400) (748,842)
Other income (loss):        
Interest expense (35,420) (59,883) (121,753) (149,643)
Interest and dividend income 74,128 101,882 238,294 278,782
Net realized gain (loss) on consolidated funds’ investments (19,635) (3,664) (97,642) (9,036)
Net change in unrealized appreciation (depreciation) on consolidated funds’ investments 533 (40,964) (222,746) 17,967
Investment income (loss) 60,296 26,819 18,030 121,804
Other income (loss), net 43 0 59 58
Total other income (loss) 79,945 24,190 (185,758) 259,932
Income (loss) before income taxes 68,664 (16,100) (181,348) 296,178
Income taxes (1,170) (4,798) (6,499) (11,148)
Net income (loss) 67,494 (20,898) (187,847) 285,030
Less:        
Net income (loss) attributable to Oaktree Capital Group, LLC 52,383 (9,819) (297) 93,537
Net income attributable to preferred unitholders (6,829) (6,829) (20,487) (20,487)
Net income (loss) attributable to OCG Class A unitholders $ 45,554 $ (16,648) $ (20,784) $ 73,050
Distributions declared per Class A unit (in dollars per share) $ 0.49 $ 3.13 $ 0.71 $ 4.93
Net income (loss) per Class A unit (basic and diluted):        
Net income (loss) per Class A unit (in dollars per share) $ 0.46 $ (0.22) $ (0.21) $ 0.99
Weighted average number of Class A units outstanding (in shares) 98,677 75,995 98,457 74,005
Consolidated Funds        
Other income (loss):        
Net realized gain (loss) on consolidated funds’ investments $ (19,635) $ (3,664) $ (97,642) $ (9,036)
Net change in unrealized appreciation (depreciation) on consolidated funds’ investments 533 (40,964) (222,746) 17,967
Less:        
Net income (loss) attributable to non-controlling interests 13,882 4,208 174,244 (82,234)
Consolidated Subsidiaries        
Less:        
Net income (loss) attributable to non-controlling interests (28,993) 6,871 13,306 (109,259)
Management fees        
Revenues:        
Total revenues 45,466 179,761 138,278 524,798
Incentive income        
Revenues:        
Total revenues $ 116 $ 25,429 $ 43,532 $ 260,290