Brookfield Oaktree Holdings, LLCOAK-PA

Brookfield Oaktree Holdings, LLC Leases Disclosure

10-KFiled Mar 21, 20231 min read
LEASES
Prior to the 2022 Restructuring, the Company had operating leases related to office space and certain equipment with remaining lease terms expiring within one year through 2031, some of which include options to extend the leases for up to five years and some of which include options to terminate the leases within one year. All of the Company’s lease contracts were obligations of OCM Cayman or its subsidiaries and, therefore, subsequent to the 2022 Restructuring, the Company no longer incurs lease associated costs and right-of-use assets and operating lease liabilities are no longer reflected on the statement of financial condition as of December 31, 2022.
The components of lease expense included in general and administrative expense were as follows:
Twelve months ended December 31, 2022Twelve months ended December 31, 2021
Operating lease cost$6,332 $7,947 
Sublease income(360)(407)
Total lease cost
$5,972 $7,540 
Supplemental cash flow information related to leases was as follows:
Twelve months ended December 31, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used for operating leases
$5,945 
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Historical Timeline

Fiscal YearFiled
2022Mar 21, 2023Showing above
2021Mar 14, 2022
2020Feb 26, 2021
2019Mar 2, 2020

About Leases Disclosures

Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.

Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.

Other Available Disclosures

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