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Oaktree Capital Group, Llc (OAK) SEC Filing 10-Q Quarterly report for the period ending Friday, June 30, 2017

Oaktree Capital Group, Llc

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

As of June 30, 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 $117.3 million ($1.83 per unit), from $49.0 million ($0.78 per unit) for the second quarter of 2016.
Adjusted net income grew to $281.7 million ($1.73 per unit), from $142.0 million ($0.79 per unit) for the second quarter of 2016, driven by record-high incentive income.
Distributable earnings grew to $282.5 million ($1.61 per unit), from $126.3 million ($0.71 per unit) for the second quarter of 2016, on higher incentive income and investment income proceeds.
Assets under management were $99.3 billion, down 1% for the quarter and up 1% over the last 12 months. Gross capital raised was $1.4 billion and $11.4 billion for the quarter and last 12 months, respectively. Uncalled capital commitments (“dry powder”) were $21.5 billion, of which $12.8 billion were not yet generating management fees (“shadow AUM”).
Management fee-generating assets under management were $79.8 billion, up 1% for the quarter and up slightly over the last 12 months.
A distribution was declared of $1.31 per unit, our highest quarterly distribution since 2013, bringing aggregate distributions relating to the last 12 months to $3.30.
LOS ANGELES, CA. July 27, 2017 – Oaktree Capital Group, LLC (NYSE: OAK) today reported its unaudited financial results for the second quarter ended June 30, 2017.
Jay Wintrob, Chief Executive Officer, said, “The second quarter was exceptional. Oaktree delivered a 124 percent increase in distributable earnings and a 98 percent increase in adjusted net income over the same quarter a year ago due to record-high incentive income. Strong closed-end fund investment performance of 4 percent gross for the quarter and 19 percent for the last twelve months has driven year-over-year growth in net accrued incentives and speaks to our team’s ability to deliver superior investment results with risk under control.”
Distribution
The distribution of $1.31 per Class A unit attributable to the second quarter of 2017 will be paid on August 11, 2017 to Class A unitholders of record at the close of business on August 7, 2017.
Conference Call
Oaktree will host a conference call to discuss its second quarter 2017 results today at 11:00 a.m. Eastern Time / 8:00 a.m. Pacific Time.  The conference call may be accessed by dialing (844) 824-3833 (U.S. callers) or +1 (412) 317-5102 (non-U.S. callers), participant password OAKTREE.  Alternatively, a live webcast of the conference call can be accessed through the Unitholders – Investor Relations section of the Oaktree website, http://ir.oaktreecapital.com/. For those individuals unable to listen to the live broadcast of the conference call, a replay will be available for 30 days on Oaktree’s website, or by dialing (877) 344-7529 (U.S. callers) or +1 (412) 317-0088 (non-U.S. callers), access code 10109904, beginning approximately one hour after the broadcast.

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The following information was filed by Oaktree Capital Group, Llc (OAK) on Thursday, July 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 (unaudited)
Condensed Consolidated Statements Of Changes In Unitholders' Capital (unaudited)
Condensed Consolidated Statements Of Comprehensive Income (unaudited)
Condensed Consolidated Statements Of Financial Condition (unaudited)
Condensed Consolidated Statements Of Financial Condition (unaudited) (parenthetical)
Condensed Consolidated Statements Of Operations (unaudited)
Commitments And Contingencies
Commitments And Contingencies (details)
Debt Obligations And Credit Facilities
Debt Obligations And Credit Facilities (tables)
Debt Obligations And Credit Facilities - Additional Information (details)
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 (details)
Debt Obligations And Credit Facilities - Future Principal Payments Of Debt Obligations (details)
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 (details)
Derivatives And Hedging - Balance Sheet Offsetting (details)
Derivatives And Hedging - Impact Of Derivatives Held By Consolidated Funds On Income (details)
Derivatives And Hedging - Summary Of Freestanding Derivative Instruments On Income (details)
Derivatives And Hedging - Summary Of Net Forward Currency Sell Contracts Under Freestanding Derivatives (details)
Earnings Per Unit
Earnings Per Unit (tables)
Earnings Per Unit - Computations Of Net Income (loss) Per Unit (additional Information) (details)
Earnings Per Unit - Computations Of Net Income (loss) Per Unit (details)
Equity-based Compensation
Equity-based Compensation (tables)
Equity-based Compensation - Class A And Ocgh Unit Awards (details)
Equity-based Compensation - Deferred Equity Units (details)
Equity-based Compensation - Equity Value Units (details)
Equity-based Compensation - Summary Of Unvested Equity-based Awards And Changes (details)
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 (details)
Fair Value - Consolidated Funds Summary Of Valuation Techniques And Quantitative Information (details)
Fair Value - Consolidated Funds Valuation Of Investments And Other Financial Instruments (details)
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 (details)
Investments - Corporate Investments (details)
Investments - Equity-method Investments (details)
Investments - Fair Value (details)
Investments - Fair Value, Additional Information (details)
Investments - Investment Income (loss) (details)
Investments - Net Gains (losses) From Investment Activities Of Consolidated Funds (details)
Investments - Other Investments (details)
Non-controlling Redeemable Interests In Consolidated Funds
Non-controlling Redeemable Interests In Consolidated Funds (details)
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 (details)
Related-party Transactions - Amounts Due From And Due To Affiliates (details)
Segment Reporting
Segment Reporting (details)
Subsequent Events
Subsequent Events (details)
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 (details)
Unitholders' Capital - Changes In Company Ownership Interest (details)
Unitholders' Capital - Summary Of Net Income (loss) (details)
Variable Interest Entities
Variable Interest Entities (tables)
Variable Interest Entities - Additional Information (details)
Variable Interest Entities - Vies Not Consolidated (details)

Material Contracts, Statements, Certifications & more

Oaktree Capital Group, Llc provided additional information to their SEC Filing as exhibits

Ticker: OAK
CIK: 1403528
Form Type: 10-Q Quarterly Report
Accession Number: 0001403528-17-000030
Submitted to the SEC: Fri Aug 04 2017 4:07:21 PM EST
Accepted by the SEC: Fri Aug 04 2017
Period: Friday, June 30, 2017
Industry: Investment Advice

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