$OAK-PA

Oaktree Capital Group, LLC

CIK:0001403528|SEC Filings

Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenues:
Interest and dividend income	$ 70,589	$ 112,336	$ 161,468	$ 260,700
Investment income	20,591	8,703	41,402	3,785
Total revenues	91,180	121,039	202,870	264,485
Expenses:
Compensation and benefits	(549)	(365)	(807)	(533)
General and administrative	(777)	(1,352)	(1,404)	(2,205)
Consolidated fund expenses	(17,862)	(22,529)	(39,301)	(49,265)
Interest expense	(19,967)	(18,200)	(39,462)	(52,327)
Total expenses	(39,155)	(42,446)	(80,974)	(104,330)
Other income (loss):
Net realized gain on consolidated funds’ investments	70,047	560	46,052	75,137
Net change in unrealized appreciation (depreciation) on consolidated funds’ investments	38,837	(12,495)	120,314	(140,344)
Total other income (loss)	108,884	(11,935)	166,366	(65,207)
Net income	160,909	66,658	288,262	94,948
Less:
Net income attributable to Brookfield Oaktree Holdings, LLC	55,867	21,563	95,127	16,564
Net income attributable to preferred unitholders	(6,829)	(6,829)	(13,658)	(13,658)
Net income attributable to Brookfield Oaktree Holdings, LLC Class A unitholders	$ 49,038	$ 14,734	$ 81,469	$ 2,906
Distributions declared per Class A unit (in dollars per share)	$ 0	$ 0.83	$ 0	$ 1.58
Net income per Class A unit (basic and diluted):
Net income per Class A unit, basic (in dollars per share)	0.41	0.12	0.69	0.02
Net income per Class A unit, diluted (in dollars per share)	$ 0.41	$ 0.12	$ 0.69	$ 0.02
Comprehensive Income:
Net income	$ 160,909	$ 66,658	$ 288,262	$ 94,948
Comprehensive Income	160,909	66,658	288,262	94,948
Class A Units
Less:
Net income attributable to Brookfield Oaktree Holdings, LLC Class A unitholders	$ 49,038	$ 14,734	$ 81,469	$ 2,906
Net income per Class A unit (basic and diluted):
Net income per Class A unit, basic (in dollars per share)	$ 0.41	$ 0.12	$ 0.69	$ 0.02
Net income per Class A unit, diluted (in dollars per share)	$ 0.41	$ 0.12	$ 0.69	$ 0.02
Weighted average number of Class A units outstanding, basic (in shares)	118,832	118,670	118,832	117,528
Weighted average number of Class A units outstanding, diluted (in shares)	118,832	118,670	118,832	117,528
Consolidated Funds
Less:
Net (income) loss attributable to non-controlling interests	$ (105,145)	$ (45,078)	$ (192,918)	$ (76,613)
Consolidated Subsidiaries
Less:
Net (income) loss attributable to non-controlling interests	$ 103	$ (17)	$ (217)	$ (1,771)

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income	$ 288,262	$ 94,948
Adjustments to reconcile net income to net cash (used) provided in operating activities:
Investment income	(41,402)	(3,785)
Net realized and unrealized (gain) loss from consolidated funds’ investments	(166,366)	65,207
Accretion of original issue and market discount of consolidated funds’ investments, net	1,039	(33,771)
Income distributions from corporate investments in funds and companies	14,254	148,591
Cash flows due to changes in operating assets and liabilities:
Net cash (used in) provided by operating activities	(164,539)	540,008
Cash flows from investing activities:
Distributions and proceeds from corporate investments in funds and companies	3,500	49,443
Net cash provided by investing activities	3,500	49,443
Cash flows from financing activities:
Capital (distributions) contributions, net	59,716	119,433
Net cash used in financing activities	223,190	(751,448)
Effect of exchange rate changes on cash
Effect of exchange rate changes on cash	2,566	331
Net increase (decrease) in cash and cash-equivalents	64,717	(161,666)
Cash and Cash Equivalents
Cash and cash-equivalents, beginning balance	190,740	449,851
Cash and cash-equivalents, ending balance	255,457	288,185
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation [Abstract]
Total cash and cash-equivalents	255,457	288,185
Oaktree
Cash flows due to changes in operating assets and liabilities:
Increase in other assets	(8,338)	(14,629)
Increase in net due from affiliates	0	(338)
Increase (decrease) in accrued compensation expense	247	(169)
Increase (decrease) in accounts payable, accrued expenses and other liabilities	326	(325)
Cash flows from financing activities:
Distributions to Class A unitholders	(41,034)	(341,382)
Distributions to preferred unitholders	(13,658)	(13,658)
Cash and Cash Equivalents
Cash and cash-equivalents, ending balance	11,557	15,207
Supplemental disclosure of non-cash investing and financing activities
Distribution of equity interest in OCG NTR Holdings, LLC	317,356	0
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation [Abstract]
Total cash and cash-equivalents	11,557	15,207
Consolidated Funds
Cash flows due to changes in operating assets and liabilities:
Increase (decrease) in accounts payable, accrued expenses and other liabilities	(798)	(362)
Decrease in dividends and interest receivable	1,791	12,088
Increase in receivables for investments sold	(606)	(16,293)
Decrease (increase) in other assets	34,971	(22,172)
Increase (decrease) in payables for investments purchased	72,064	(1,933)
Purchases of investments	(1,398,785)	(1,123,784)
Proceeds from maturities and sales of investments	1,038,802	1,436,735
Cash flows from financing activities:
Contributions from non-controlling interests	260,384	633,232
Distributions to non-controlling interests	(221,806)	(674,390)
Borrowings on credit facilities	599,538	545,602
Repayments on credit facilities	(419,950)	(1,020,285)
Cash and Cash Equivalents
Cash and cash-equivalents, ending balance	243,900	272,978
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation [Abstract]
Total cash and cash-equivalents	$ 243,900	$ 272,978

Condensed Consolidated Statements of Financial Condition (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Assets
Derivative assets, at fair value	$ 21,202	$ 9,070
Total assets	7,070,997	6,800,312
Liabilities:
Derivative liabilities, at fair value	41,030	48,893
Total liabilities	1,708,042	1,464,479
Commitments and contingencies (Note 13)
Unitholders’ capital:
Paid-in capital	1,532,795	1,777,821
Retained earnings (accumulated deficit)	116,860	76,425
Unitholders’ capital attributable to Brookfield Oaktree Holdings, LLC	2,050,239	2,254,830
Non-controlling interests in consolidated subsidiaries	9,609	9,392
Total unitholders’ capital	2,059,848	2,264,222
Total liabilities and unitholders’ capital	7,070,997	6,800,312
Series A Preferred Units
Unitholders’ capital:
Preferred units	173,669	173,669
Series B Preferred Units
Unitholders’ capital:
Preferred units	226,915	226,915
Class A Units
Unitholders’ capital:
Common units	0	0
Class B Units
Unitholders’ capital:
Common units	0	0
Related Party
Assets
Due from affiliates	551	551
Oaktree
Assets
Cash and cash-equivalents	11,557	6,766
Investments	1,149,676	1,430,773
Other assets, net	40,385	32,048
Liabilities:
Accrued compensation expense	574	327
Accounts payable, accrued expenses and other liabilities	553	227
Oaktree \| Related Party
Assets
Due from affiliates	551	551
Consolidated Funds
Assets
Cash and cash-equivalents	243,900	183,974
Investments	5,515,730	5,012,977
Other assets, net	23,328	58,300
Dividends and interest receivable	26,242	28,033
Receivable for securities sold	38,426	37,820
Derivative assets, at fair value	21,202	9,070
Total assets	5,900,000
Liabilities:
Accounts payable, accrued expenses and other liabilities	13,553	14,352
Payables for securities purchased	151,909	79,845
Derivative liabilities, at fair value	41,030	48,893
Distributions payable	40	40
Debt obligations of the consolidated funds	1,500,383	1,320,795
Total liabilities	1,700,000
Non-controlling redeemable interests in consolidated funds	$ 3,303,107	$ 3,071,611