10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001823945-22-000038 |
| Period End Date | 20220331 |
| Filing Date | 20220505 |
| Fiscal Year | 2022 |
| Fiscal Period | Q1 |
| XBRL Instance | owl-20220331_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
57 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Investments at fair value |
InvestmentsFairValueDisclosure
|
$1.31M | USD | Point-in-time |
| Investments at fair value |
InvestmentsFairValueDisclosure
|
- | USD | Point-in-time |
| TRA liability |
TaxReceivableAgreementLiabilityFairValueDisclosure
|
$120.98M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$42.57M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$185.95M | USD | Point-in-time |
| TRA liability |
TaxReceivableAgreementLiabilityFairValueDisclosure
|
$111.33M | USD | Point-in-time |
| Due from related parties |
DueFromRelatedParties
|
$211.58M | USD | Point-in-time |
| Due from related parties |
DueFromRelatedParties
|
$224.58M | USD | Point-in-time |
| Operating lease assets |
OperatingLeaseRightOfUseAsset
|
$86.03M | USD | Point-in-time |
| Operating lease assets |
OperatingLeaseRightOfUseAsset
|
$86.24M | USD | Point-in-time |
| Strategic Revenue-Share Purchase consideration, net |
StrategicRevenueSharePurchaseConsideration
|
- | USD | Point-in-time |
| Strategic Revenue-Share Purchase consideration, net |
StrategicRevenueSharePurchaseConsideration
|
$486.40M | USD | Point-in-time |
| Strategic Revenue-Share Purchase consideration, net |
StrategicRevenueSharePurchaseConsideration
|
- | USD | Point-in-time |
| Strategic Revenue-Share Purchase consideration, net |
StrategicRevenueSharePurchaseConsideration
|
$495.32M | USD | Point-in-time |
| Deferred tax assets |
DeferredIncomeTaxAssetsNet
|
$635.62M | USD | Point-in-time |
| Deferred tax assets |
DeferredIncomeTaxAssetsNet
|
$648.54M | USD | Point-in-time |
| Intangible assets, net |
FiniteLivedIntangibleAssetsNet
|
$2.61B | USD | Point-in-time |
| Intangible assets, net |
FiniteLivedIntangibleAssetsNet
|
$2.55B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$4.13B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$4.13B | USD | Point-in-time |
| Other assets, net (includes investments of $ and $1,311 at fair value, respectively) |
OtherAssets
|
$60.09M | USD | Point-in-time |
| Other assets, net (includes investments of $ and $1,311 at fair value, respectively) |
OtherAssets
|
$38.62M | USD | Point-in-time |
| Total Assets |
Assets
|
$8.36B | USD | Point-in-time |
| Total Assets |
Assets
|
$8.27B | USD | Point-in-time |
| Debt obligations, net |
LongTermDebt
|
$1.17B | USD | Point-in-time |
| Debt obligations, net |
LongTermDebt
|
$1.41B | USD | Point-in-time |
| Accrued compensation |
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
|
$92.56M | USD | Point-in-time |
| Accrued compensation |
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
|
$155.61M | USD | Point-in-time |
| Operating lease liabilities |
OperatingLeaseLiability
|
$88.48M | USD | Point-in-time |
| Operating lease liabilities |
OperatingLeaseLiability
|
$90.13M | USD | Point-in-time |
| Deferred tax liabilities |
DeferredIncomeTaxLiabilitiesNet
|
$48.96M | USD | Point-in-time |
| Deferred tax liabilities |
DeferredIncomeTaxLiabilitiesNet
|
$44.38M | USD | Point-in-time |
| TRA liability (includes $120,978 and $111,325 at fair value, respectively) |
TaxReceivableAgreementLiability
|
$670.68M | USD | Point-in-time |
| TRA liability (includes $120,978 and $111,325 at fair value, respectively) |
TaxReceivableAgreementLiability
|
$695.20M | USD | Point-in-time |
| Warrant liability, at fair value |
WarrantsAndRightsOutstanding
|
$68.80M | USD | Point-in-time |
| Warrant liability, at fair value |
WarrantsAndRightsOutstanding
|
$51.04M | USD | Point-in-time |
| Earnout liability, at fair value |
EarnoutSecuritiesLiability
|
$144.30M | USD | Point-in-time |
| Earnout liability, at fair value |
EarnoutSecuritiesLiability
|
$143.80M | USD | Point-in-time |
| Accounts payable, accrued expenses and other liabilities |
AccountsPayableAndOtherAccruedLiabilities
|
$85.94M | USD | Point-in-time |
| Accounts payable, accrued expenses and other liabilities |
AccountsPayableAndOtherAccruedLiabilities
|
$68.34M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$2.62B | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$2.42B | USD | Point-in-time |
| Commitments and Contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and Contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$2.16B | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$2.17B | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-497.51M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-549.83M | USD | Point-in-time |
| Total Shareholders Equity Attributable to Blue Owl Capital Inc. |
StockholdersEquity
|
$1.62B | USD | Point-in-time |
| Total Shareholders Equity Attributable to Blue Owl Capital Inc. |
StockholdersEquity
|
$1.66B | USD | Point-in-time |
| Shareholders equity attributable to noncontrolling interests |
MinorityInterest
|
$4.13B | USD | Point-in-time |
| Shareholders equity attributable to noncontrolling interests |
MinorityInterest
|
$4.18B | USD | Point-in-time |
| Total Shareholders Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$5.74B | USD | Point-in-time |
| Total Shareholders Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$-468.30M | USD | Point-in-time |
| Total Shareholders Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$5.85B | USD | Point-in-time |
| Total Liabilities and Shareholders Equity |
LiabilitiesAndStockholdersEquity
|
$8.36B | USD | Point-in-time |
| Total Liabilities and Shareholders Equity |
LiabilitiesAndStockholdersEquity
|
$8.27B | USD | Point-in-time |
Income Statement
38 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Shares vested but not yet settled (in shares) |
WeightedAverageNumberOfSharesContingentlyIssuable
|
10.93M | shares | 1 Quarter |
| Revenues |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$275.98M | USD | 1 Quarter |
| Revenues |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$108.22M | USD | 1 Quarter |
| Compensation and benefits |
LaborAndRelatedExpense
|
$193.89M | USD | 1 Quarter |
| Compensation and benefits |
LaborAndRelatedExpense
|
$47.98M | USD | 1 Quarter |
| Amortization of intangible assets |
AmortizationOfIntangibleAssets
|
$61.53M | USD | 1 Quarter |
| Amortization of intangible assets |
AmortizationOfIntangibleAssets
|
- | USD | 1 Quarter |
| General, administrative and other expenses |
GeneralAndAdministrativeExpense
|
$14.86M | USD | 1 Quarter |
| General, administrative and other expenses |
GeneralAndAdministrativeExpense
|
$43.29M | USD | 1 Quarter |
| Total Expenses |
CostsAndExpenses
|
$62.84M | USD | 1 Quarter |
| Total Expenses |
CostsAndExpenses
|
$298.71M | USD | 1 Quarter |
| Net gains on investments |
GainLossOnInvestments
|
$5.00K | USD | 1 Quarter |
| Net gains on investments |
GainLossOnInvestments
|
- | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$5.86M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$12.83M | USD | 1 Quarter |
| Change in TRA liability |
GainLossOnTaxReceivableAgreement
|
$-9.65M | USD | 1 Quarter |
| Change in TRA liability |
GainLossOnTaxReceivableAgreement
|
- | USD | 1 Quarter |
| Change in warrant liability |
FairValueAdjustmentOfWarrants
|
- | USD | 1 Quarter |
| Change in warrant liability |
FairValueAdjustmentOfWarrants
|
$-17.76M | USD | 1 Quarter |
| Change in earnout liability |
FairValueAdjustmentOfEarnoutSecuritiesLiability
|
$496.00K | USD | 1 Quarter |
| Change in earnout liability |
FairValueAdjustmentOfEarnoutSecuritiesLiability
|
- | USD | 1 Quarter |
| Total Other (Loss) Income |
NonoperatingIncomeExpense
|
$-5.86M | USD | 1 Quarter |
| Total Other (Loss) Income |
NonoperatingIncomeExpense
|
$-5.22M | USD | 1 Quarter |
| (Loss) Income Before Income Taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-27.95M | USD | 1 Quarter |
| (Loss) Income Before Income Taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$39.52M | USD | 1 Quarter |
| Income tax (benefit) expense |
IncomeTaxExpenseBenefit
|
$-5.04M | USD | 1 Quarter |
| Income tax (benefit) expense |
IncomeTaxExpenseBenefit
|
$188.00K | USD | 1 Quarter |
| Consolidated and Combined Net (Loss) Income |
ProfitLoss
|
$-22.92M | USD | 1 Quarter |
| Consolidated and Combined Net (Loss) Income |
ProfitLoss
|
$39.33M | USD | 1 Quarter |
| Net loss attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$-80.00K | USD | 1 Quarter |
| Net loss attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$-11.10M | USD | 1 Quarter |
| Net (Loss) Income Attributable to Blue Owl Capital Inc. (After May 19, 2021) / Owl Rock (Prior to May 19, 2021) |
NetIncomeLoss
|
$39.41M | USD | 1 Quarter |
| Net (Loss) Income Attributable to Blue Owl Capital Inc. (After May 19, 2021) / Owl Rock (Prior to May 19, 2021) |
NetIncomeLoss
|
$-11.81M | USD | 1 Quarter |
| Net Loss Attributable to Class A Shares |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$-11.81M | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$-0.03 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$-0.03 | USD | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
417.11M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
417.11M | shares | 1 Quarter |
Cash Flow Statement
78 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Consolidated and combined net (loss) income |
ProfitLoss
|
$-22.92M | USD | 1 Quarter |
| Consolidated and combined net (loss) income |
ProfitLoss
|
$39.33M | USD | 1 Quarter |
| Amortization of intangible assets |
AmortizationOfIntangibleAssets
|
$61.53M | USD | 1 Quarter |
| Amortization of intangible assets |
AmortizationOfIntangibleAssets
|
- | USD | 1 Quarter |
| Equity-based compensation |
ShareBasedCompensation
|
- | USD | 1 Quarter |
| Equity-based compensation |
ShareBasedCompensation
|
$96.60M | USD | 1 Quarter |
| Depreciation and amortization of fixed assets |
Depreciation
|
$131.00K | USD | 1 Quarter |
| Depreciation and amortization of fixed assets |
Depreciation
|
$218.00K | USD | 1 Quarter |
| Amortization of debt discounts and deferred financing costs |
AmortizationOfFinancingCostsAndDiscounts
|
$1.02M | USD | 1 Quarter |
| Amortization of debt discounts and deferred financing costs |
AmortizationOfFinancingCostsAndDiscounts
|
$218.00K | USD | 1 Quarter |
| Amortization of investment discounts and premiums |
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
- | USD | 1 Quarter |
| Amortization of investment discounts and premiums |
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
$-6.00K | USD | 1 Quarter |
| Non-cash lease expense |
AdjustmentForNonCashLeaseExpenseIncludedInNetIncome
|
$-1.15M | USD | 1 Quarter |
| Non-cash lease expense |
AdjustmentForNonCashLeaseExpenseIncludedInNetIncome
|
$-1.44M | USD | 1 Quarter |
| Net gains on investments, net of dividends |
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
- | USD | 1 Quarter |
| Net gains on investments, net of dividends |
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
$5.00K | USD | 1 Quarter |
| Change in TRA liability |
GainLossOnTaxReceivableAgreement
|
$-9.65M | USD | 1 Quarter |
| Change in TRA liability |
GainLossOnTaxReceivableAgreement
|
- | USD | 1 Quarter |
| Change in warrant liability |
FairValueAdjustmentOfWarrants
|
- | USD | 1 Quarter |
| Change in warrant liability |
FairValueAdjustmentOfWarrants
|
$-17.76M | USD | 1 Quarter |
| Change in earnout liability |
FairValueAdjustmentOfEarnoutSecuritiesLiability
|
$496.00K | USD | 1 Quarter |
| Change in earnout liability |
FairValueAdjustmentOfEarnoutSecuritiesLiability
|
- | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
- | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$-7.86M | USD | 1 Quarter |
| Due from related parties |
IncreaseDecreaseInDueFromRelatedParties
|
$7.55M | USD | 1 Quarter |
| Due from related parties |
IncreaseDecreaseInDueFromRelatedParties
|
$-12.99M | USD | 1 Quarter |
| Strategic Revenue-Share Purchase consideration |
IncreaseDecreaseInStrategicRevenueSharePurchaseConsideration
|
- | USD | 1 Quarter |
| Strategic Revenue-Share Purchase consideration |
IncreaseDecreaseInStrategicRevenueSharePurchaseConsideration
|
$-8.92M | USD | 1 Quarter |
| Other assets, net |
IncreaseDecreaseInOtherOperatingAssets
|
$11.25M | USD | 1 Quarter |
| Other assets, net |
IncreaseDecreaseInOtherOperatingAssets
|
$-4.10M | USD | 1 Quarter |
| Accrued compensation |
IncreaseDecreaseInEmployeeRelatedLiabilities
|
$-26.05M | USD | 1 Quarter |
| Accrued compensation |
IncreaseDecreaseInEmployeeRelatedLiabilities
|
$-72.84M | USD | 1 Quarter |
| Accounts payable, accrued expenses and other liabilities |
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
$4.61M | USD | 1 Quarter |
| Accounts payable, accrued expenses and other liabilities |
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
$17.61M | USD | 1 Quarter |
| Net Cash Provided by Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$587.00K | USD | 1 Quarter |
| Net Cash Provided by Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$93.20M | USD | 1 Quarter |
| Purchase of fixed assets |
PaymentsToAcquirePropertyPlantAndEquipment
|
$18.38M | USD | 1 Quarter |
| Purchase of fixed assets |
PaymentsToAcquirePropertyPlantAndEquipment
|
$295.00K | USD | 1 Quarter |
| Purchase of investments |
PaymentsToAcquireInvestments
|
- | USD | 1 Quarter |
| Purchase of investments |
PaymentsToAcquireInvestments
|
$5.75M | USD | 1 Quarter |
| Proceeds from investment sales and maturities |
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
- | USD | 1 Quarter |
| Proceeds from investment sales and maturities |
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
$1.52M | USD | 1 Quarter |
| Net Cash Used in Investing Activities |
NetCashProvidedByUsedInInvestingActivities
|
$-22.61M | USD | 1 Quarter |
| Net Cash Used in Investing Activities |
NetCashProvidedByUsedInInvestingActivities
|
$-295.00K | USD | 1 Quarter |
| Proceeds from debt obligations |
ProceedsFromIssuanceOfDebt
|
$395.06M | USD | 1 Quarter |
| Proceeds from debt obligations |
ProceedsFromIssuanceOfDebt
|
$97.90M | USD | 1 Quarter |
| Debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
$4.85M | USD | 1 Quarter |
| Debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
- | USD | 1 Quarter |
| Repayments of debt obligations, including retirement costs |
RepaymentsOfDebt
|
$94.75M | USD | 1 Quarter |
| Repayments of debt obligations, including retirement costs |
RepaymentsOfDebt
|
$153.00M | USD | 1 Quarter |
| Withholding taxes on vested RSUs |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
- | USD | 1 Quarter |
| Withholding taxes on vested RSUs |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$733.00K | USD | 1 Quarter |
| Dividends paid on Class A Shares |
PaymentsOfDividendsCommonStock
|
$40.51M | USD | 1 Quarter |
| Dividends paid on Class A Shares |
PaymentsOfDividendsCommonStock
|
- | USD | 1 Quarter |
| Proceeds from exercise of warrants |
ProceedsFromWarrantExercises
|
- | USD | 1 Quarter |
| Proceeds from exercise of warrants |
ProceedsFromWarrantExercises
|
$2.00K | USD | 1 Quarter |
| Class A Share repurchases |
PaymentsForRepurchaseOfCommonStock
|
$24.24M | USD | 1 Quarter |
| Class A Share repurchases |
PaymentsForRepurchaseOfCommonStock
|
- | USD | 1 Quarter |
| Contributions from noncontrolling interests |
ProceedsFromMinorityShareholders
|
$2.09M | USD | 1 Quarter |
| Contributions from noncontrolling interests |
ProceedsFromMinorityShareholders
|
$2.61M | USD | 1 Quarter |
| Distributions to noncontrolling interests |
PaymentsOfDividendsMinorityInterest
|
$101.04M | USD | 1 Quarter |
| Distributions to noncontrolling interests |
PaymentsOfDividendsMinorityInterest
|
$9.12M | USD | 1 Quarter |
| Net Cash Provided by (Used in) Financing Activities |
NetCashProvidedByUsedInFinancingActivities
|
$72.79M | USD | 1 Quarter |
| Net Cash Provided by (Used in) Financing Activities |
NetCashProvidedByUsedInFinancingActivities
|
$-3.36M | USD | 1 Quarter |
| Net Increase (Decrease) in Cash and Cash Equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-3.07M | USD | 1 Quarter |
| Net Increase (Decrease) in Cash and Cash Equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$143.38M | USD | 1 Quarter |
| Cash and cash equivalents, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$185.95M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$42.57M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$8.56M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$11.63M | USD | Point-in-time |
| Cash and Cash Equivalents, End of Period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$185.95M | USD | Point-in-time |
| Cash and Cash Equivalents, End of Period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$42.57M | USD | Point-in-time |
| Cash and Cash Equivalents, End of Period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$8.56M | USD | Point-in-time |
| Cash and Cash Equivalents, End of Period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$11.63M | USD | Point-in-time |
| Cash paid for interest |
InterestPaidNet
|
$215.00K | USD | 1 Quarter |
| Cash paid for interest |
InterestPaidNet
|
$5.67M | USD | 1 Quarter |
| Cash paid for income taxes |
IncomeTaxesPaidNet
|
$230.00K | USD | 1 Quarter |
| Cash paid for income taxes |
IncomeTaxesPaidNet
|
$113.00K | USD | 1 Quarter |
Stockholders Equity
8 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$5.74B | USD | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$-468.30M | USD | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$5.85B | USD | Point-in-time |
| Ending Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$5.74B | USD | Point-in-time |
| Ending Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$-468.30M | USD | Point-in-time |
| Ending Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$5.85B | USD | Point-in-time |
| Cash Dividends Paid per Class A Share (in dollars per share) |
CommonStockDividendsPerShareCashPaid
|
- | USD | 1 Quarter |
| Cash Dividends Paid per Class A Share (in dollars per share) |
CommonStockDividendsPerShareCashPaid
|
$0.10 | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.