Company Quick10K Filing
Och-Ziff
Price21.53 EPS1
Shares28 P/E22
MCap606 P/FCF14
Net Debt176 EBIT59
TEV783 TEV/EBIT13
TTM 2019-09-30, in MM, except price, ratios
10-Q 2020-06-30 Filed 2020-08-06
10-Q 2020-03-31 Filed 2020-05-07
10-K 2019-12-31 Filed 2020-02-24
10-Q 2019-09-30 Filed 2019-11-07
10-Q 2019-06-30 Filed 2019-08-06
10-Q 2019-03-31 Filed 2019-05-09
10-K 2018-12-31 Filed 2019-03-15
10-Q 2018-09-30 Filed 2018-11-06
10-Q 2018-06-30 Filed 2018-08-02
10-Q 2018-03-31 Filed 2018-05-03
10-K 2017-12-31 Filed 2018-02-23
10-Q 2017-09-30 Filed 2017-11-02
10-Q 2017-06-30 Filed 2017-08-02
10-Q 2017-03-31 Filed 2017-05-02
10-K 2016-12-31 Filed 2017-03-01
10-Q 2016-09-30 Filed 2016-11-02
10-Q 2016-06-30 Filed 2016-08-02
10-Q 2016-03-31 Filed 2016-05-03
10-K 2015-12-31 Filed 2016-02-11
10-Q 2015-09-30 Filed 2015-11-03
10-Q 2015-06-30 Filed 2015-08-05
10-Q 2015-03-31 Filed 2015-05-05
10-K 2014-12-31 Filed 2015-02-24
10-Q 2014-09-30 Filed 2014-11-04
10-Q 2014-06-30 Filed 2014-08-05
10-Q 2014-03-31 Filed 2014-05-02
10-K 2013-12-31 Filed 2014-03-18
10-Q 2013-09-30 Filed 2013-11-05
10-Q 2013-06-30 Filed 2013-08-02
10-Q 2013-03-31 Filed 2013-05-02
10-K 2012-12-31 Filed 2013-02-28
10-Q 2012-09-30 Filed 2012-11-05
10-Q 2012-06-30 Filed 2012-08-02
10-Q 2012-03-31 Filed 2012-05-02
10-K 2011-12-31 Filed 2012-02-27
10-Q 2011-09-30 Filed 2011-11-02
10-Q 2011-06-30 Filed 2011-08-02
10-Q 2011-03-31 Filed 2011-05-03
10-K 2010-12-31 Filed 2011-02-28
10-Q 2010-09-30 Filed 2010-11-05
10-Q 2010-06-30 Filed 2010-08-05
10-Q 2010-03-31 Filed 2010-05-05
10-K 2009-12-31 Filed 2010-03-04
8-K 2020-09-02 Other Events, Exhibits
8-K 2020-08-06 Earnings, Exhibits
8-K 2020-08-04 Other Events, Exhibits
8-K 2020-07-24 Other Events, Exhibits
8-K 2020-07-02 Other Events, Exhibits
8-K 2020-06-25
8-K 2020-06-09
8-K 2020-06-02
8-K 2020-05-06
8-K 2020-05-04
8-K 2020-04-02
8-K 2020-03-03
8-K 2020-02-13
8-K 2020-02-04
8-K 2020-01-23
8-K 2020-01-03
8-K 2019-12-03
8-K 2019-11-07
8-K 2019-11-04
8-K 2019-10-03
8-K 2019-09-04
8-K 2019-08-30
8-K 2019-08-02
8-K 2019-08-02
8-K 2019-07-02
8-K 2019-07-02
8-K 2019-06-04
8-K 2019-05-13
8-K 2019-05-09
8-K 2019-05-09
8-K 2019-05-02
8-K 2019-04-29
8-K 2019-04-09
8-K 2019-04-02
8-K 2019-04-01
8-K 2019-03-07
8-K 2019-03-04
8-K 2019-02-07
8-K 2019-02-07
8-K 2019-02-06
8-K 2019-02-04
8-K 2019-01-31
8-K 2019-01-14
8-K 2019-01-03
8-K 2019-01-03
8-K 2018-12-27
8-K 2018-12-05
8-K 2018-12-04
8-K 2018-11-02
8-K 2018-11-02
8-K 2018-10-02
8-K 2018-09-05
8-K 2018-08-02
8-K 2018-08-02
8-K 2018-08-02
8-K 2018-07-03
8-K 2018-06-06
8-K 2018-06-04
8-K 2018-05-02
8-K 2018-05-02
8-K 2018-04-17
8-K 2018-04-10
8-K 2018-04-05
8-K 2018-04-03
8-K 2018-03-28
8-K 2018-03-02
8-K 2018-02-23
8-K 2018-02-16
8-K 2018-02-02
8-K 2018-01-30
8-K 2018-01-29
8-K 2018-01-04
8-K 2018-01-03

OZM 10Q Quarterly Report

Part I - Financial Information
Item 1. Financial Statements
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 3. Quantitative and Qualitative Disclosures About Market Risk
Item 4. Controls and Procedures
Part II - Other Information
Item 1. Legal Proceedings
Item 1A. Risk Factors
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Item 3. Defaults Upon Senior Securities
Item 4. Mine Safety Disclosures
Item 5. Other Information
Item 6. Exhibits
EX-31.1 scu-10xqx2q2020xex311.htm
EX-31.2 scu-10xqx2q2020xex312.htm
EX-32.1 scu-10xqx2q2020xex321.htm

Och-Ziff Earnings 2020-06-30

Balance SheetIncome StatementCash Flow
151185202012201420172020
Assets, Equity
1.20.90.70.40.2-0.12012201420172020
Rev, G Profit, Net Income
0.70.40.2-0.1-0.3-0.62012201420172020
Ops, Inv, Fin

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 FORM 10-Q

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 2020
or
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from  ________  to ________
Commission File Number: 001-33805
SCULPTOR CAPITAL MANAGEMENT, INC.
(Exact name of Registrant as specified in its charter)
 
Delaware 26-0354783
(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)
9 West 57th Street, New York, New York 10019
(Address of principal executive offices)
(212) 790-0000
(Registrant’s telephone number, including area code)
 
Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading symbol(s)Name of each exchange on which registered
Class A Shares SCUNew York Stock Exchange

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes      No  
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes      No  
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer  Accelerated filer
  
Non-accelerated filer  Smaller reporting company
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
 Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes  No 
As of July 31, 2020, there were 22,415,766 Class A Shares and 32,820,414 Class B Shares outstanding.
 




SCULPTOR CAPITAL MANAGEMENT, INC.
TABLE OF CONTENTS
 
  Page
PART I — FINANCIAL INFORMATION
 
Item 1.
 
 
 
 
 
 
 
 
 
 
 
Item 2.
 
Item 3.
 
Item 4.
 
PART II — OTHER INFORMATION 
 
Item 1.
 
Item 1A.
 
Item 2.
 
Item 3.
 
Item 4.
 
Item 5.
 
Item 6.
 

i


Defined Terms
2007 Offerings
Refers collectively to our IPO and the concurrent private offering of approximately 38.1 million Class A Shares to DIC Sahir Limited, a wholly owned indirect subsidiary of Dubai Holdings LLC
active executive managing directors
Executive managing directors who remain active in our business
Annual Report
Our annual report on Form 10-K for the year ended December 31, 2019, as amended, dated February 25, 2020 and filed with the SEC
Class A Shares
Our Class A Shares, representing Class A common stock of Sculptor Capital Management, Inc., which are publicly traded and listed on the NYSE
Class B Shares
Class B Shares of Sculptor Capital Management, Inc., which are not publicly traded, are currently held solely by our executive managing directors and have no economic rights but entitle the holders thereof to one vote per share together with the holders of our Class A Shares
CLOs
Collateralized loan obligations
the Company, Sculptor Capital, the firm, we, us, our
Refers, unless the context requires otherwise, to the Registrant and its consolidated subsidiaries, including the Sculptor Operating Group
Exchange Act
Securities Exchange Act of 1934, as amended
executive managing directors
The current executive managing directors of the Company, and, except where the context requires otherwise, also includes certain executive managing directors who are no longer active in our business
funds
The multi-strategy funds, dedicated credit funds, including opportunistic credit funds and Institutional Credit Strategies products, real estate funds and other alternative investment vehicles for which we provide asset management services
GAAP
U.S. generally accepted accounting principles
Group A Units
Refers collectively to one Class A operating group unit in each of the Sculptor Operating Partnerships. Group A Units are limited partner interests held by our executive managing directors
Group A-1 Units
Refers collectively to one Class A-1 operating group unit in each of the Sculptor Operating Partnerships. Group A-1 Units are limited partner interests held by our executive managing directors
Group B Units
Refers collectively to one Class B operating group unit in each of the Sculptor Operating Partnerships. Group B Units are limited partner interests held by Sculptor Corp
Group D Units
Refers collectively to one Class D operating group unit in each of the Sculptor Operating Partnerships. Group D Units are limited partner interests held by our executive managing directors
Group E Units
Refers collectively to one Class E operating group unit in each of the Sculptor Operating Partnerships. Group E Units are limited partner interests held by our executive managing directors
1


Group P Units
Refers collectively to one Class P operating group unit in each of the Sculptor Operating Partnerships. Group P Units are limited partner interests held by our executive managing directors
Institutional Credit Strategies
Our asset management platform that invests in performing credits, including leveraged loans, high-yield bonds, private credit/bespoke financing and investment grade credit via CLOs, aircraft securitizations, collateralized bond obligations, and other customized solutions
IPO
Our initial public offering of 3.6 million Class A Shares that occurred in November 2007
NYSE
New York Stock Exchange
Partner Equity Units
Refers collectively to the Group A Units, Group E Units and Group P Units
Preferred UnitsOne Class A cumulative preferred unit in each of the Sculptor Operating Partnerships collectively represents one “Preferred Unit.” Certain of our executive managing directors collectively own 100% of the Preferred Units. Preferred Units issued in 2016 and 2017 are, collectively, referred to as “2016 Preferred Units.” Preferred Units issued in 2019 are referred to as “2019 Preferred Units.”
PSUs
Class A performance-based RSUs
Recapitalization
Refers to the recapitalization of our business that occurred in February 2019. As part of the Recapitalization, a portion of the interests held by our active and former executive managing directors were reallocated to existing members of senior management. In addition, we restructured the previously outstanding senior debt and Preferred Units
Registrant
Sculptor Capital Management, Inc., a Delaware corporation
RSUs
Class A restricted share units
Sculptor Corp
Sculptor Capital Holding Corporation, a Delaware corporation
Sculptor Operating Group
Refers collectively to the Sculptor Operating Partnerships and their consolidated subsidiaries
Sculptor Operating Group Units
Refers collectively to Sculptor Operating Group A, B, D, E, and P Units
Sculptor Operating Partnerships
Refers collectively to Sculptor Capital LP, Sculptor Capital Advisors LP and Sculptor Capital Advisors II LP
SEC
U.S. Securities and Exchange Commission
Securities Act
Securities Act of 1933, as amended
Special Investments
Investments that we, as investment manager, believe lack a readily ascertainable market value, are illiquid or should be held until the resolution of a special event or circumstance

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Available Information
We file annual, quarterly and current reports, proxy statements and other information required by the Exchange Act with the SEC. We make available free of charge on our website (www.sculptor.com) our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, proxy statements and any amendments to those filings as soon as reasonably practicable after such material is electronically filed with or furnished to the SEC. We also use our website to distribute company information, and such information may be deemed material. Accordingly, investors should monitor our website, in addition to our press releases, SEC filings and public conference calls and webcast. The contents of our website are not, however, a part of this report.
Also posted on our website in the “Investor Relations—Corporate Governance” section are charters for our Audit Committee; Compensation Committee; Nominating, Corporate Governance and Conflicts Committee and Corporate Responsibility and Compliance Committee, as well as our Corporate Governance Guidelines and Code of Business Conduct and Ethics governing our directors, officers and employees. Information on, or accessible through, our website is not a part of, and is not incorporated into, this report or any other SEC filing. Copies of our SEC filings or corporate governance materials are available without charge upon written request to Sculptor Capital Management, Inc., 9 West 57th Street, New York, New York 10019, Attention: Office of the Secretary. Any materials we file with the SEC are also publicly available through the SEC’s website (www.sec.gov).
No statements herein, available on our website or in any of the materials we file with the SEC constitute, or should be viewed as constituting, an offer of any fund.
Forward-Looking Statements
This report contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act that reflect our current views with respect to, among other things, future events, our operations and our financial performance. We generally identify forward-looking statements by terminology such as “outlook,” “believe,” “expect,” “potential,” “continue,” “may,” “will,” “should,” “could,” “seek,” “approximately,” “predict,” “intend,” “plan,” “estimate,” “anticipate,” “opportunity,” “comfortable,” “assume,” “remain,” “maintain,” “sustain,” “achieve,” “see,” “think,” “position” or the negative version of those words or other comparable words.
Any forward-looking statements contained herein are based upon historical information and on our current plans, estimates and expectations. The inclusion of this or other forward-looking information should not be regarded as a representation by us or any other person that the future plans, estimates or expectations contemplated by us will be achieved.
We caution that forward-looking statements are subject to numerous assumptions, estimates, risks and uncertainties, including but not limited to the following: global economic, business, market and geopolitical conditions, including the impact of public health crises, such as the ongoing COVID-19 pandemic; U.S. and foreign regulatory developments relating to, among other things, financial institutions and markets, government oversight, fiscal and tax policy; the outcome of third-party litigation involving us; the consequences of the Foreign Corrupt Practices Act settlements with the SEC and the U.S. Department of Justice (the “DOJ”) and any claims arising therefrom; whether the Company realizes all or any of the anticipated benefits from the Recapitalization and other related transactions; whether the Recapitalization and other related transactions result in any increased or unforeseen costs, indemnification obligations or have an impact on our ability to retain or compete for professional talent or investor capital; conditions impacting the alternative asset management industry; our ability to retain existing investor capital; our ability to successfully compete for fund investors, assets, professional talent and investment opportunities; our ability to retain our active executive managing directors, managing directors and other investment professionals; our successful formulation and execution of our business and growth strategies; our ability to appropriately manage conflicts of interest and tax and other regulatory factors relevant to our business; the anticipated benefits of changing the Registrant’s tax classification from a partnership to a corporation and subsequently converting from a limited liability company to a corporation; and assumptions relating to our operations, investment performance, financial results, financial condition, business prospects, growth strategy and liquidity.
If one or more of these or other risks or uncertainties materialize, or if our assumptions or estimates prove to be incorrect, our actual results may vary materially from those indicated in these statements. These factors are not and should not be construed as exhaustive and should be read in conjunction with the other cautionary statements and risks that are included in our
3




filings with the SEC, including but not limited to our Annual Report and Quarterly Report on Form 10-Q for the quarter ended March 31, 2020.
There may be additional risks, uncertainties and factors that we do not currently view as material or that are not known. The forward-looking statements contained in this report are made only as of the date of this report. We do not undertake to update any forward-looking statement because of new information, future developments or otherwise.
4

SCULPTOR CAPITAL MANAGEMENT, INC.
CONSOLIDATED BALANCE SHEETS — UNAUDITED
PART I – FINANCIAL INFORMATION
Item 1. Financial Statements

 June 30, 2020December 31, 2019
 (dollars in thousands)
Assets  
Cash and cash equivalents$127,702  $240,938  
Restricted cash4,538  4,501  
Investments (includes assets measured at fair value of $385,276 and $329,435, including assets sold under agreements to repurchase of $96,505 and $98,085 as of June 30, 2020 and December 31, 2019, respectively)
471,344  411,426  
Income and fees receivable73,104  215,395  
Due from related parties20,435  15,355  
Deferred income tax assets341,283  310,557  
Operating lease assets110,374  115,810  
Other assets, net76,523  82,608  
Assets of consolidated funds: 
Other assets of consolidated funds650  649  
Total Assets$1,225,953  $1,397,239  
Liabilities and Shareholders’ Equity 
Liabilities  
Compensation payable$45,197  $187,180  
Unearned incentive income64,607  60,798  
Due to related parties194,518  211,915  
Operating lease liabilities120,990  128,043  
Debt obligations256,341  286,728  
Securities sold under agreements to repurchase97,670  97,508  
Other liabilities169,824  59,217  
Liabilities of consolidated funds: 
Other liabilities of consolidated funds408  389  
Total Liabilities949,555  1,031,778  
Commitments and Contingencies (Note 18)
Redeemable Noncontrolling Interests (Note 4)153,313  150,000  
Shareholders’ Equity  
Class A Shares, par value $0.01 per share, 100,000,000 and 100,000,000 shares authorized, 22,311,432 and 21,284,945 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively
223  213  
Class B Shares, par value $0.01 per share, 75,000,000 and 75,000,000 shares authorized, 32,820,414 and 29,208,952 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively
328  292  
Additional paid-in capital142,288  117,936  
Accumulated deficit(406,440) (343,759) 
Shareholders’ deficit attributable to Class A Shareholders(263,601) (225,318) 
Shareholders’ equity attributable to noncontrolling interests386,686  440,779  
Total Shareholders’ Equity123,085  215,461  
Total Liabilities, Redeemable Noncontrolling Interests and Shareholders’ Equity$1,225,953  $1,397,239  
See notes to consolidated financial statements.
5


SCULPTOR CAPITAL MANAGEMENT, INC.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) — UNAUDITED
 Three Months Ended June 30,Six Months Ended June 30,
2020201920202019
 (dollars in thousands)
Revenues    
Management fees$60,383  $61,400  $127,336  $125,023  
Incentive income38,238  34,757  47,560  87,955  
Other revenues2,424  5,043  5,377  8,812  
Income of consolidated funds32  2,308  32  4,912  
Total Revenues101,077  103,508  180,305  226,702  

Expenses    
Compensation and benefits65,290  80,709  132,709  166,424  
Interest expense4,674  6,523  10,456  12,731  
General, administrative and other142,615  28,427  177,321  66,215  
Expenses of consolidated funds19  84  19  139  
Total Expenses212,598  115,743  320,505  245,509  

Other Income (Loss)    
Changes in tax receivable agreement liability  5,362  278  5,362  
Net losses on early retirement of debt(170) (595) (693) (6,053) 
Net gains (losses) on investments29,178  3,148  (4,891) 5,837  
Net gains of consolidated funds  482    4,228  
Total Other Income (Loss)29,008  8,397  (5,306) 9,374  

Loss Before Income Taxes(82,513) (3,838) (145,506) (9,433) 
Income taxes(17,400) 10,134  (27,368) 13,520  
Consolidated and Comprehensive Net Loss(65,113) (13,972) (118,138) (22,953) 
Less: Net loss attributable to noncontrolling interests41,860  7,984  67,945  15,218  
Less: Net income attributable to redeemable noncontrolling interests  (2,637)   (8,171) 
Net Loss Attributable to Sculptor Capital Management, Inc.(23,253) (8,625) (50,193) (15,906) 
Change in redemption value of Preferred Units(1,986)   (3,313) 44,364  
Net (Loss) Income Attributable to Class A Shareholders$(25,239) $(8,625) $(53,506) $28,458  
(Loss) Earnings per Class A Share    
(Loss) Earnings per Class A Share - basic$(1.12) $(0.42) $(2.38) $1.38  
(Loss) Earnings per Class A Share - diluted$(1.77) $(0.46) $(3.04) $1.10  
Weighted-average Class A Shares outstanding - basic22,590,084  20,722,510  22,447,399  20,599,616  
Weighted-average Class A Shares outstanding - diluted38,609,590  36,714,012  38,464,470  25,942,105  

See notes to consolidated financial statements.
6


SCULPTOR CAPITAL MANAGEMENT, INC.
CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY — UNAUDITED

Three Months Ended June 30,Six Months Ended June 30,
 2020201920202019
(dollars in thousands)
Number of Class A Shares
Beginning balance
21,946,639  20,484,430  21,284,945  19,905,126  
Equity-based compensation
364,793  147,320  1,026,487  726,624  
Ending Balance
22,311,432  20,631,750  22,311,432  20,631,750  
Number of Class B Shares
Beginning balance
32,845,414  29,208,952  29,208,952  29,458,948  
Equity-based compensation
(25,000)   3,611,462  (249,996) 
Ending Balance
32,820,414  29,208,952  32,820,414  29,208,952  
Class A Shares Par Value
Beginning balance
$219  $  $213  $  
Equity-based compensation
4  1  10  1  
Reclassification upon corporate conversion
  205    205  
Ending Balance
$223  $206  $223  $206  
Class B Shares Par Value
Beginning balance
$328  $  $292  $  
Equity-based compensation
    36    
Reclassification upon corporate conversion
  292    292  
Ending Balance
$328  $292  $328  $292  
Additional Paid-in Capital
Beginning balance
$130,968  $3,235,728  $117,936  $3,135,841  
Dividend equivalents on Class A restricted share units  (61) 875  478  
Equity-based compensation, net of taxes13,306  20,618  26,790  40,318  
Reclassification upon corporate conversion  (3,235,728)   (3,235,728) 
Impact of changes in Sculptor Operating Group ownership      (124) 
Reallocation of equity and income tax effects of Recapitalization      35,408  
Amendment to tax receivable agreement  50,318    50,318  
Change in redemption value of Preferred Units (1,986)   (3,313) 44,364  
Ending Balance
$142,288  $70,875  $142,288  $70,875  
7


SCULPTOR CAPITAL MANAGEMENT, INC.
CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY — UNAUDITED — (continued)

Three Months Ended June 30,Six Months Ended June 30,
 2020201920202019
(dollars in thousands)
Accumulated Deficit
Beginning balance
$(383,187) $(3,577,250) $(343,759) $(3,564,727) 
Cash dividends declared on Class A Shares  (7,621) (11,613) (12,324) 
Dividend equivalents on Class A restricted share units  61  (875) (478) 
Reclassification upon corporate conversion  3,235,231    3,235,231  
Comprehensive net loss, excluding amounts attributable to redeemable noncontrolling interests(23,253) (8,625) (50,193) (15,906) 
Ending Balance
$(406,440) $(358,204) $(406,440) $(358,204) 
Shareholders’ Deficit Attributable to Class A Shareholders
$(263,601) $(286,831) $(263,601) $(286,831) 
Shareholders’ Equity Attributable to Noncontrolling Interests
Beginning balance
$425,768  $444,837  $440,779  $419,431  
Capital contributions2,059  191  3,549  618  
Capital distributions(2,962) (342) (3,248) (627) 
Equity-based compensation, net of taxes3,681  17,190  13,551  31,608  
Impact of changes in Sculptor Operating Group ownership      124  
Reallocation of equity and income tax effects of Recapitalization      (39,086) 
Change in redemption value of Preferred Units       57,042  
Comprehensive net loss, excluding amounts attributable to redeemable noncontrolling interests(41,860) (7,984) (67,945) (15,218) 
Ending Balance
$386,686  $453,892  $386,686  $453,892  
Total Shareholders’ Equity$123,085  $167,061  $123,085  $167,061  
Cash dividends paid on Class A Shares$  $0.37  $0.53  $0.60