|
|
Year Ended December 31 |
|
|
(Dollars in thousands) |
|
|
2006 |
2005 |
2004 |
2003 |
2002 |
STATEMENT OF INCOME DATA |
|
|
|
|
|
|
Revenue |
|
|
|
|
|
|
|
Fund management fees |
$ 852,283 |
$ 370,574 |
390,645 |
$ 304,651 |
$ 173,538 |
|
Advisory fees |
256,914 |
120,137 |
108,356 |
119,410 |
141,613 |
|
Interest and other |
11,082 |
6,037 |
4,462 |
2,635 |
2,972 |
|
Total Revenues |
1,120,279 |
496,748 |
503,463 |
426,696 |
318,123 |
|
Expenses |
|
|
|
|
|
|
Employee compensation and benefits |
250,067 |
182,605 |
139,512 |
114,218 |
94,412 |
|
Occupancy and related charges |
36,932 |
23,830 |
16,239 |
13,834 |
13,418 |
|
Interest |
35,862 |
30,763 |
29,551 |
23,575 |
20,064 |
|
General, administrative and other |
86,534 |
56,650 |
48,576 |
44,222 |
37,614 |
|
Fund expenses |
143,695 |
67,972 |
43,123 |
42,076 |
24,094 |
|
Total Expenses |
553,090 |
361,820 |
277,001 |
237,925 |
189,602 |
Other Income |
|
|
|
|
|
|
|
Net gains (losses) from |
|
|
|
|
|
|
investment activities |
7,587,296 |
5,142,530 |
6,214,519 |
3,537,268 |
(438,684) |
|
Income (loss) before non-controlling |
|
|
|
|
|
|
interests in income of consolidated |
|
|
|
|
|
|
entities and income taxes |
8,154,485 |
5,277,458 |
6,440,981 |
3,726,039 |
(310,163) |
|
Non-controlling interests in (income) |
|
|
|
|
|
|
loss of consolidated entitieses |
(5,856,345) |
(3,934,535) |
(4,901,547) |
(2,773,014) |
358,728 |
|
Income before taxes |
2,298,140 |
1,342,923 |
1,539,434 |
953,025 |
48,565 |
|
Income taxes |
(31,934) |
(12,260) |
(16,120) |
(11,949) |
(9,119) |
|
Net Income |
$ 2,266,206 |
$ 1,330,663 |
$ 1,523,314 |
$ 941,076 |
$ 39,446 |
Other Data |
|
|
|
|
|
|
|
Total reportable segment |
|
|
|
|
|
|
fee related earnings |
$ 747,421 |
$ 237,369 |
303,627 |
$ 259,124 |
283,949 |
|
Carry Dollars Created |
$ 2,179,471 |
$ 568,627 |
$ 686,100 |
$ 440,019 |
$ 285,107 |
|
Adjusted cash flow from operations |
$ 1,680,651 |
$ 1,444,597 |
$ 1,845,225 |
$ |
$ |
|
Total assets under management |
69,503,052 |
53,919,326 |
31,701,828 |
27,032,739 |
21,701,504 |