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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues:      
Total revenues $ 1,454,410 $ 429,064 $ 928,987
Expenses:      
Compensation and benefits (162,260) (131,562) (368,196)
Equity-based compensation (10,521) (17,365) (65,533)
Incentive income compensation (594,300) (104,469) (175,753)
Total compensation and benefits expense (767,081) (253,396) (609,482)
General and administrative (21,694) (23,065) (189,447)
Depreciation and amortization (2,332) (2,052) (20,287)
Consolidated fund expenses (75,338) (33,153) (23,315)
Total expenses (866,445) (311,666) (842,531)
Other income (loss):      
Interest expense (155,265) (157,686) (197,159)
Interest and dividend income 389,251 318,210 368,870
Net realized gain (loss) on consolidated funds’ investments 22,238 (105,957) (17,773)
Net change in unrealized appreciation (depreciation) on consolidated funds’ investments 122,517 (183,847) 9,937
Investment income 203,041 103,828 146,569
Other income, net 19 0 58
Total other income (loss) 581,801 (25,452) 310,502
Income before income taxes 1,169,766 91,946 396,958
Income taxes (12,387) (8,211) (9,620)
Net income 1,157,379 83,735 387,338
Less:      
Net income attributable to Oaktree Capital Group, LLC 631,660 165,719 154,839
Net (income) attributable to preferred unitholders (27,316) (27,316) (27,316)
Net income attributable to Oaktree Capital Group, LLC Class A unitholders $ 604,344 $ 138,403 $ 127,523
Distributions declared per Class A unit (in dollars per share) $ 4.68 $ 0.71 $ 4.96
Net income per unit (basic and diluted):      
Net income per Class A unit, basic (in dollars per share) 6.10 1.40 1.59
Net income per Class A unit, diluted (in dollars per share) $ 6.10 $ 1.40 $ 1.59
Weighted average number of Class A units outstanding, basic (in shares) 99,031 98,512 80,045
Weighted average number of Class A units outstanding, diluted (in shares) 99,031 98,512 80,045
Consolidated Funds      
Less:      
Net (income) loss attributable to non-controlling interests $ (186,515) $ 165,412 $ (93,620)
Consolidated Subsidiaries      
Less:      
Net (income) loss attributable to non-controlling interests (339,204) (83,428) (138,879)
Management fees      
Revenues:      
Total revenues 234,786 185,727 578,863
Incentive income      
Revenues:      
Total revenues $ 1,219,624 $ 243,337 $ 350,124