Exhibit 12.1
Oaktree Capital Group, LLC
Unaudited Computation of Ratio of Earnings to Fixed Charges
($ in Thousands)
Six Months Ended | Year Ended | |||||||||||||||||||||||
June 30, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 | December 31, 2013 | |||||||||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest expense | $ | 74,771 | $ | 168,089 | $ | 119,545 | $ | 201,110 | $ | 117,900 | 56,459 | |||||||||||||
Capitalized interest | — | — | — | — | — | — | ||||||||||||||||||
Portion of rental expense which represents interest factor | 2,408 | 3,659 | 3,073 | 3,475 | 1,638 | 1,866 | ||||||||||||||||||
Amortization of debt issuance costs | 1,277 | 1,799 | 1,065 | 15,689 | 12,042 | 4,701 | ||||||||||||||||||
Total fixed charges | $ | 78,456 | $ | 173,547 | $ | 123,683 | $ | 220,274 | $ | 131,580 | $ | 63,026 | ||||||||||||
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Earnings available for fixed charges: | ||||||||||||||||||||||||
Income (loss) before income tax provision | $ | 214,422 | $ | 904,924 | $ | 608,622 | $ | -1,515,413 | $ | 2,194,088 | $ | 6,236,964 | ||||||||||||
Less: (income) loss from equity method investment | -88,632 | -209,776 | -189,938 | -51,746 | -46,768 | -34,563 | ||||||||||||||||||
Distributed equity income of affiliated companies | 110,074 | 174,131 | 120,944 | 56,550 | 47,287 | 36,383 | ||||||||||||||||||
Add: fixed charges | 78,456 | 173,547 | 123,683 | 220,274 | 131,580 | 63,026 | ||||||||||||||||||
Less: capitalized interest | — | — | — | — | — | — | ||||||||||||||||||
Less: net (income) loss – Non-controlling interests | -119,305 | -457,988 | -371,398 | 1,604,311 | -2,049,269 | -5,988,734 | ||||||||||||||||||
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Total earnings (losses) available for fixed charges | $ | 195,015 | $ | 584,838 | $ | 291,913 | $ | 313,976 | $ | 276,918 | $ | 313,076 | ||||||||||||
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Ratio of earnings to fixed charges | 2.49 | 3.37 | 2.36 | 1.43 | 2.10 | 4.97 |