OAK-PB FY 2023 Earnings Report — Oaktree Capital Group, LLC Revenue & Financial Results | Market Cap Arena

Oaktree Capital Group, LLCOAK-PB

FY 2023 Earnings

Reported March 21, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$762M	—	$491M	—	55.1%
Op. Income	$590M	—	$125M	—	374.1%
Gross Margin	73.7%	—	64.3%	—	9.4pp
Net Margin	29.0%	—	41.4%	—	-12.4pp
EPS (Diluted)	$2.06	—	$2.00	—	3.0%
Free Cash Flow	$487M	—	$438M	—	11.1%

Revenue Flow

Item	Amount
REVENUE	$762M
Cost of Revenue	$201M
GROSS PROFIT	$561M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	-$29M
Operating Expenses	-$29M
Cost & Expenses	$172M
OPERATING INCOME	$590M
Interest Income	$408M
Interest Expense	$50M
Other Income/Expenses	-$50M
INCOME BEFORE TAX	$540M
Income Tax Expense	$0
Net Income from Continuing Ops	$540M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$221M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$221M
D&A	$0
EBIT	$590M
EBITDA	$590M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$762M
Cost of Revenue	$201M
GROSS PROFIT	$561M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	-$29M
Operating Expenses	-$29M
Cost & Expenses	$172M
OPERATING INCOME	$590M
Interest Income	$408M
Interest Expense	$50M
Other Income/Expenses	-$50M
INCOME BEFORE TAX	$540M
Income Tax Expense	$0
Net Income from Continuing Ops	$540M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$221M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$221M
D&A	$0
EBIT	$590M
EBITDA	$590M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$221M
Depreciation & Amortization	$0
Stock-Based Compensation	$15M
Deferred Income Tax	$0
Other Non-Cash Items	$278M
Change in Working Capital	-$27M
OPERATING CASH FLOW	$487M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$29M
Sales/Maturities of Investments	$4.9B
Other Investing Activities	-$5.3B
NET CASH FROM INVESTING	-$361M
Net Debt Issuance	-$49M
Common Stock Repurchased	$0
Common Dividends Paid	-$125M
Other Financing Activities	$212M
NET CASH FROM FINANCING	$39M
FREE CASH FLOW	$487M
Net Change in Cash	$161M

Balance Sheet

Item	Amount
Cash & Equivalents	$337M
Short-Term Investments	$0
Net Receivables	$389M
Inventory	$0
Other Current Assets	-$8.3B
TOTAL CURRENT ASSETS	$743M
PP&E (Net)	$0
Goodwill	$18M
Intangible Assets	$0
Long-Term Investments	$6.7B
Tax Assets	$7.6B
Other Non-Current Assets	-$7.5B
TOTAL NON-CURRENT ASSETS	$6.8B
TOTAL ASSETS	$7.6B
Account Payables	$143M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$257M
TOTAL CURRENT LIABILITIES	$400M
Long-Term Debt	$1.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$463M
TOTAL NON-CURRENT LIABILITIES	$1.6B
TOTAL LIABILITIES	$1.6B
Common Stock	$2.5B
Additional Paid-In Capital	$1.5B
Retained Earnings	$334M
Treasury Stock	$0
Accum. Other Comp. Income	-$13M
Other Equity	-$2.5B
TOTAL STOCKHOLDERS' EQUITY	$2.3B
Minority Interest	$3.7B
TOTAL EQUITY	$5.9B
TOTAL LIABILITIES & EQUITY	$7.6B
Total Debt	$1.2B
Net Debt	$835M