Business Context and Reporting Period
This Form 8-K is a current report filed by Oaktree Capital Group, LLC on July 25, 2013. The filing serves as a Regulation FD disclosure to update investors on Assets Under Management (AUM) as of June 30, 2013. The Company announced it will report its second quarter 2013 financial results on August 6, 2013.
Key Financial Metrics
- Total Assets Under Management (AUM): $76.4 billion as of June 30, 2013.
- Management Fee-Generating AUM: $64.6 billion as of June 30, 2013.
- Revenue, Profit, and Cash Flow: The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity for the period.
Material Changes
The filing does not provide comparative data for the prior period to calculate material changes in AUM or other metrics. It only presents the absolute figures as of June 30, 2013.
Guidance, Outlook, and Risks
Outlook: The Company expects to release second quarter 2013 financial results on August 6, 2013. Management fee-generating AUM represents the assets on which fees will be earned in the following quarter.
Risks and Contingencies: The report includes standard forward-looking statement disclaimers. Actual results may differ due to factors including volatile revenue and income, changes in investment values, the pace of raising new funds, timing of carried interest, operating expenses, competition, and general economic conditions. Specific risk factors are referenced in the Company's 2012 Form 10-K.
Investor Verification Checklist
- Verify the definition of "AUM" used by the Company, which includes net asset value, fund-level leverage, and undrawn capital.
- Confirm the distinction between total AUM ($76.4 billion) and fee-generating AUM ($64.6 billion) to understand revenue potential.
- Review the upcoming Q2 2013 earnings release scheduled for August 6, 2013, for detailed financial performance.
- Consult the 2012 Form 10-K for a comprehensive list of risk factors affecting future performance.