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Oaktree Capital Group, Llc (OAK) SEC Filing 10-Q Quarterly report for the period ending Friday, March 31, 2017

Oaktree Capital Group, Llc

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CIK: 1403528 Ticker: OAK
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Oaktree Announces First Quarter 2017 Financial Results

As of March 31, 2017 or for the quarter then ended, and where applicable, per Class A unit:
•
GAAP net income attributable to Oaktree Capital Group, LLC (“OCG”) increased to $54.9 million ($0.87 per unit), from $28.1 million ($0.45 per unit) for the first quarter of 2016.
•
Adjusted net income increased to $162.1 million ($0.86 per unit), from $105.0 million ($0.49 per unit) for the first quarter of 2016, driven by higher incentive income and investment income.
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Distributable earnings increased to $157.1 million ($0.86 per unit), from $125.7 million ($0.68 per unit) for the first quarter of 2016, on higher incentive income and investment income proceeds.
•
Assets under management were $100.3 billion, down slightly for the quarter and up 4% over the last 12 months. Gross capital raised was $3.1 billion and $13.0 billion for the quarter and last 12 months, respectively. Uncalled capital commitments as of March 31, 2017 were $21.8 billion.
•
A distribution was declared of $0.71 per unit, bringing aggregate distributions relating to the last 12 months to $2.57.
LOS ANGELES, CA. April 27, 2017 – Oaktree Capital Group, LLC (NYSE: OAK) today reported its unaudited financial results for the first quarter ended March 31, 2017.
Jay Wintrob, Chief Executive Officer, said, “Highlighting a solid beginning to 2017, Oaktree delivered a 25 percent increase in distributable earnings and a 54 percent increase in adjusted net income over the same quarter a year ago. We raised $3.1 billion of gross capital in the first quarter and $13.0 billion over the last twelve months. Continued strong investment performance across our closed-end funds has led to 30 percent growth in net accrued incentives over the last twelve months and bodes well for future distributable earnings.”
GAAP-basis results for the first quarter of 2017 included net income attributable to Oaktree Capital Group, LLC of $54.9 million, up from $28.1 million for the first quarter of 2016, primarily reflecting higher segment profits.
Assets under management (“AUM”) were $100.3 billion as of March 31, 2017, down slightly from $100.5 billion as of December 31, 2016, and up 4% from $96.9 billion as of March 31, 2016. Management fee-generating assets under management (“management fee-generating AUM”) were $79.3 billion as of March 31, 2017, down 1% from both $79.8 billion as of December 31, 2016 and $79.9 billion as of March 31, 2016.
As of March 31, 2017, uncalled capital commitments (“dry powder”) were $21.8 billion. Of these commitments, $13.1 billion were not yet generating management fees (“shadow AUM”). Gross capital raised was $3.1 billion and $13.0 billion for the quarter and 12 months ended March 31, 2017, respectively.
Adjusted net income (“ANI”) grew to $162.1 million for the first quarter of 2017, from $105.0 million for the first quarter of 2016, reflecting higher incentive income and investment income, partially offset by lower fee-related earnings. Distributable earnings grew to $157.1 million for the first quarter of 2017, from $125.7 million for the first quarter of 2016, reflecting higher incentive income and investment income proceeds, partially offset by lower fee-related earnings.

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The following information was filed by Oaktree Capital Group, Llc (OAK) on Thursday, April 27, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Oaktree Capital Group, Llc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Changes In Unitholders' Capital
Condensed Consolidated Statements Of Comprehensive Income (loss)
Condensed Consolidated Statements Of Financial Condition
Condensed Consolidated Statements Of Financial Condition (parenthetical)
Condensed Consolidated Statements Of Operations
Commitments And Contingencies
Commitments And Contingencies (detail)
Debt Obligations And Credit Facilities
Debt Obligations And Credit Facilities (tables)
Debt Obligations And Credit Facilities - Additional Information (detail)
Debt Obligations And Credit Facilities - Collateralized Loan Obligation Loans Payable (details)
Debt Obligations And Credit Facilities - Credit Facilities Of Consolidated Funds (details)
Debt Obligations And Credit Facilities - Debt Obligations (detail)
Debt Obligations And Credit Facilities - Future Principal Payments Of Debt Obligations (detail)
Debt Obligations And Credit Facilities - Future Principal Payments With Respect To The Clo Loans Payable (details)
Derivatives And Hedging
Derivatives And Hedging (tables)
Derivatives And Hedging - Additional Information (detail)
Derivatives And Hedging - Balance Sheet Offsetting (details)
Derivatives And Hedging - Impact Of Derivatives Held By Consolidated Funds On Income (detail)
Derivatives And Hedging - Summary Of Freestanding Derivative Instruments On Income (detail)
Derivatives And Hedging - Summary Of Net Forward Currency Sell Contracts Under Freestanding Derivatives (detail)
Earnings Per Unit
Earnings Per Unit (tables)
Earnings Per Unit - Computations Of Net Income (loss) Per Unit (additional Information) (detail)
Earnings Per Unit - Computations Of Net Income (loss) Per Unit (detail)
Equity-based Compensation
Equity-based Compensation (tables)
Equity-based Compensation - Additional Information (detail)
Equity-based Compensation - Equity Value Units (details)
Equity-based Compensation - Summary Of Unvested Equity-based Awards And Changes (detail)
Fair Value
Fair Value (tables)
Fair Value - Changes In Fair Value (details)
Fair Value - Consolidated Funds Additional Information (details)
Fair Value - Consolidated Funds Summary Of Changes In Fair Value Of Level Iii Investments (detail)
Fair Value - Consolidated Funds Summary Of Valuation Techniques And Quantitative Information (detail)
Fair Value - Consolidated Funds Valuation Of Investments And Other Financial Instruments (detail)
Fair Value - Financial Instruments By Fair-value Hierarchy Level (details)
Fair Value - Valuation Techniques (details)
Fixed Assets
Fixed Assets (details)
Fixed Assets (tables)
Goodwill And Intangibles
Goodwill And Intangibles (details)
Goodwill And Intangibles (tables)
Income Taxes And Related Payments
Income Taxes And Related Payments (details)
Investments
Investments (tables)
Investments - Additional Information (detail)
Investments - Corporate Investments (details)
Investments - Equity-method Investments (details)
Investments - Fair Value (detail)
Investments - Fair Value, Additional Information (detail)
Investments - Investment Income (loss) (details)
Investments - Net Gains (losses) From Investment Activities Of Consolidated Funds (detail)
Investments - Other Investments (details)
Non-controlling Redeemable Interests In Consolidated Funds
Non-controlling Redeemable Interests In Consolidated Funds (detail)
Non-controlling Redeemable Interests In Consolidated Funds (tables)
Organization And Basis Of Presentation
Organization And Basis Of Presentation (details)
Related-party Transactions
Related-party Transactions (tables)
Related-party Transactions - Additional Information (detail)
Related-party Transactions - Amounts Due From And Due To Affiliates (detail)
Segment Reporting
Segment Reporting (tables)
Segment Reporting - Adjusted Net Income (additional Information) (detail)
Segment Reporting - Adjusted Net Income (detail)
Segment Reporting - Reconciliation Of Net Income (detail)
Segment Reporting - Schedule Of Reconciliation Of Segment Income And Total Assets (additional Information) (detail)
Segment Reporting - Schedule Of Reconciliation Of Segment Income And Total Assets (detail)
Subsequent Events
Subsequent Events (detail)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (details)
Summary Of Significant Accounting Policies (policies)
Unitholders' Capital
Unitholders' Capital (tables)
Unitholders' Capital - Additional Information (detail)
Unitholders' Capital - Changes In Company Ownership Interest (detail)
Unitholders' Capital - Summary Of Net Income (loss) (detail)
Variable Interest Entities
Variable Interest Entities (tables)
Variable Interest Entities - Additional Information (details)
Variable Interest Entities - Vies Not Consolidated (details)
Ticker: OAK
CIK: 1403528
Form Type: 10-Q Quarterly Report
Accession Number: 0001403528-17-000019
Submitted to the SEC: Fri May 05 2017 4:03:55 PM EST
Accepted by the SEC: Fri May 05 2017
Period: Friday, March 31, 2017
Industry: Investment Advice

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