Brookfield Oaktree Holdings, LLC Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>Brookfield Oaktree Holdings, LLC has filed its Q1 2024 10-Q report, detailing financial activities and corporate information.</b>

AI Summary

Brookfield Oaktree Holdings, LLC (OAK-PB) filed a Quarterly Report (10-Q) with the SEC on May 10, 2024. Brookfield Oaktree Holdings, LLC filed a 10-Q report for the period ending March 31, 2024. The filing covers the first quarter of 2024. The company's principal business address is 333 South Grand Avenue, 28th Floor, Los Angeles, CA 90071. The company was formerly known as Oaktree Capital Group, LLC. The fiscal year end for the company is December 31.

Why It Matters

For investors and stakeholders tracking Brookfield Oaktree Holdings, LLC, this filing contains several important signals. This 10-Q filing provides investors and analysts with the latest financial performance and operational updates for Brookfield Oaktree Holdings, LLC for the first quarter of 2024. Understanding the details within this report is crucial for assessing the company's current financial health, strategic direction, and potential investment value.

Risk Assessment

Risk Level: low — Brookfield Oaktree Holdings, LLC shows low risk based on this filing. The filing is a standard 10-Q, which is a routine quarterly report and does not indicate any unusual or high-risk events.

Analyst Insight

Review the detailed financial statements and segment information within the 10-Q to understand the company's performance drivers and any changes from the previous quarter.

Key Numbers

• 2024-03-31 — Reporting Period End Date (Conformed Period of Report)
• 2024-05-10 — Filing Date (Filed as of Date)
• 2024-01-01 — Quarter Start Date (Reporting period start date)
• 1231 — Fiscal Year End (Fiscal Year End)

Key Players & Entities

• Brookfield Oaktree Holdings, LLC (company) — Filer name
• Oaktree Capital Group, LLC (company) — Former company name
• Los Angeles (company) — City in business address
• DE (company) — State of incorporation

FAQ

Industry Context

Brookfield Oaktree Holdings, LLC operates within the investment advice sector. This filing is a standard quarterly report for a publicly traded entity.

Regulatory Implications

The filing is made in accordance with the Securities Exchange Act of 1934, requiring public companies to submit regular financial disclosures.

What Investors Should Do

1. Analyze the balance sheet and income statement for the quarter ending March 31, 2024.
2. Review any disclosures related to related party transactions or variable interest entities.
3. Compare key financial metrics to the previous quarter and the same quarter in the prior year, if available in the full document.

Year-Over-Year Comparison

This is the initial 10-Q filing for the period ending March 31, 2024, following the previous fiscal year's reporting.

Filing Documents

• oak-20240331.htm (10-Q) — 2275KB
• exhibit3111q2024-conformed.htm (EX-31.1) — 11KB
• exhibit3121q2024-conformed.htm (EX-31.2) — 11KB
• exhibit3211q2024-conformed.htm (EX-32.1) — 6KB
• exhibit3221q2024-conformed.htm (EX-32.2) — 5KB
• 0001403528-24-000026.txt (&nbsp;) — 13151KB
• oak-20240331.xsd (EX-101.SCH) — 80KB
• oak-20240331_cal.xml (EX-101.CAL) — 86KB
• oak-20240331_def.xml (EX-101.DEF) — 551KB
• oak-20240331_lab.xml (EX-101.LAB) — 708KB
• oak-20240331_pre.xml (EX-101.PRE) — 636KB
• oak-20240331_htm.xml (XML) — 2852KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION Item 1.

Financial Statements (Unaudited)

Financial Statements (Unaudited) 1 Condensed Consolidated Statements of Financial Condition as of March 31, 2024 and December 31, 2023 1 Condensed Consolidated Statements of Operations for the Three Months Ended March 31, 2024 and 2023 2 Condensed Consolidated Statements of Comprehensive Income for the Three Months Ended March 31, 2024 and 2023 3 Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2024 and 2023 4 Condensed Consolidated Statements of Changes in Unitholders' Capital for the Three Months Ended March 31, 2024 and 2023 6 Notes to Condensed Consolidated Financial Statements 7 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 48 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 67 Item 4.

Controls and Procedures

Controls and Procedures 68

– OTHER INFORMATION

PART II – OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 69 Item 1A.

Risk Factors

Risk Factors 69 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 69 Item 3. Defaults Upon Senior Securities 69 Item 4. Mine Safety Disclosures 69 Item 5. Other Information 69 Item 6. Exhibits 70 Signature

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS This quarterly report contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act"), which reflect our current views with respect to, among other things, our future results of operations and financial performance. In some cases, you can identify forward-looking statements by words such as "anticipate," "approximately," "believe," "continue," "could," "estimate," "expect," "intend," "may," "outlook," "plan," "potential," "predict," "seek," "should," "will" and "would" or the negative version of these words or other comparable or similar words. These statements identify prospective information. Important factors could cause actual results to differ, possibly materially, from those indicated in these statements. Forward-looking statements are based on our beliefs, assumptions and expectations of our future performance, taking into account all information currently available to us. Such forward-looking statements are subject to risks and uncertainties and assumptions relating to our operations, financial results, financial condition, business prospects, growth strategy and liquidity. In addition to factors previously disclosed in Brookfield Oaktree Holdings, LLC's ("BOH") reports filed with securities regulators in the United States and those identified elsewhere in this quarterly report, the following factors, among others, could cause actual results to differ materially from forward-looking statements and information or historical performance: the ability of BOH to retain and hire key service providers; the continued availability of capital and financing; the business, economic and political conditions in the markets in which BOH operates; changes in BOH's anticipated revenue and income, which are inherently volatile; changes in the value of BOH's investments; the pace o

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements Brookfield Oaktree Holdings, LLC Condensed Consolidated Statements of Financial Condition (Unaudited) ($ in thousands) As of March 31, 2024 December 31, 2023 Assets Cash and cash-equivalents $ 58,134 $ 28,507 U.S. Treasury and other securities 250,000 — Corporate investments (includes $ 384,763 and $ 402,620 measured at fair value as of March 31, 2024 and December 31, 2023, respectively) 1,438,991 1,532,208 Due from affiliates 73,971 232,485 Other assets 66,737 66,650 Assets of consolidated funds: Cash and cash-equivalents 383,831 308,172 Investments, at fair value 5,771,776 5,143,677 Dividends and interest receivable 45,385 37,839 Receivable for securities sold 43,899 118,851 Derivative assets, at fair value 9,308 9,133 Other assets, net 106,637 78,411 Total assets $ 8,248,669 $ 7,555,933 Liabilities and Unitholders' Capital Liabilities: Accrued compensation expense $ 87,940 $ 138,841 Accounts payable, accrued expenses and other liabilities 3,672 3,837 Due to affiliates 22,068 62,759 Debt obligations (Note 8) 217,040 219,682 Liabilities of consolidated funds: Accounts payable, accrued expenses and other liabilities 30,319 14,701 Payables for securities purchased 385,318 124,789 Derivative liabilities, at fair value 18,961 22,230 Distributions payable 577 95,690 Debt obligations of the consolidated funds 1,056,293 951,950 Debt obligations of CLOs 381,666 — Total liabilities 2,203,854 1,634,479 Commitments and contingencies (Note 13) Non-controlling redeemable interests in consolidated funds 3,344,952 3,336,548 Unitholders' capital: Series A preferred units, 7,200,000 units issued and outstanding as of March 31, 2024 and December 31, 2023 173,669 173,669 Series B preferred units, 9,400,000 units issued and outstanding as of March 31, 2024 and December 31, 2023 226,915 226,915 Class A units, no par value, unlimited units authorized, 109,198,991 and 109,198,991 units issued and outstanding as o

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View this 10-Q filing on SEC EDGAR