Wed, Aug 14, 8:10 PM (153 days ago)
Brookfield Oaktree Holdings, LLC's Q2 2024 report highlights significant financial performance metrics. For the quarter ending June 30, 2024, the company reported a net income of $139.6 million, markedly higher than $47.1 million in Q2 2023. Revenue from incentive income increased to $2.2 million from $2.1 million year-over-year, while total revenues for the first half surged to $117.5 million compared to $61.5 million in the prior year. Total assets rose to $8.92 billion from $7.56 billion at year-end 2023, driven by cash and cash-equivalents and corporate investments. Liabilities also increased significantly, primarily due to debt obligations, which reached $2.97 billion, reflecting ongoing investments and financing strategies. Cash flow from operating activities showed a net outflow of $771.2 million, impacted by substantial investments. The company continues to navigate uncertainties, including geopolitical tensions that could affect market conditions. Looking ahead, Oaktree's restructuring efforts aim to optimize operations and enhance growth potential, with a focus on maintaining liquidity and capitalizing on market opportunities. The financial health appears robust, supported by increased asset values and strategic investments, despite global economic challenges.