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Inside the Fortress

Inside the Fortress 2006-12-01 Staff Writer <b>Fortress Investment Group historical combined financial information(in $ thousands)</b><br /><table><tr><td></td><td colspan="2">Six months ended June 30,</td><td colspan="5">Year ended December 31,<

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Fortress Investment Group historical combined financial information(in $ thousands)

Six months ended June 30, Year ended December 31,
2006 2005 2005 2004 2003 2002 2001
(Unaudited) (Unaudited) (Unaudited) (Unaudited)
OPERATING DATA REVENUES
Management fees and incentive income from affiliates and other revenues $185,814 $76,168 $284,313 $128,671 $47,557 $13,720 $9,092
Interest and dividend incomeinvestment company holdings 691,735 239,583 759,781 222,707 172,759 64,097 87,325
877,549 315,751 1,044,094 351,378 220,316 77,817 96,417
Expenses 681,050 201,528 685,924 198,403 81,627 33,579 10,829
OTHER INCOME Gains (losses)investment company holdings 1,417,325 940,462 2,903,978 881,658 123,276 37,624 54,150
Gains (losses)other investments 54,974 18,685 37,181 20,512 9,120
Earnings from equity method investees 2,420 7,020 10,465 14,616 4,762 2,334 6,597
1,474,719 966,167 2,951,624 916,786 137,158 39,958 60,747
Income before deferred incentive income non-controlling interests in income of consolidated subsidiaries and income taxes 1,671,218 1,080,390 3,309,794 1,069,761 275,847 84,196 146,335
Deferred incentive income (225,132) (136,333) (444,567) (104,558) (17,487) (6,542) (12,710)
Non-controlling interests in income of consolidated subsidiaries (1,350,811) (895,782) (2,662,926) (847,365) (216,594) (67,306) (118,547)
Income before income taxes 95,275 48,275 202,301 117,838 41,766 10,348 15,078
Income tax expense (7,270) (2,983) (9,625) (3,388) (1,495) (920) (446)
NET INCOME $88,005 $45,292 $192,676 $114,450 40,271 $9,428 $14,632
BALANCE SHEET DATA Investment company holdings at fair value $13,780,066 7,201,000 10,582,109 5,365,309 2,036,107 1,047,424 611,158
Other investments 579,147 84,603 451,489 48,444 52,879 51,556 54,947
Cash, cash equivalents and restricted cash 852,178 462,178 288,363 179,727 41,661 15,907 2,858
Total assets 16,016,572 8,050,682 11,863,938 5,796,733 2,212,564 1,165,075 675,272
Debt obligations payable 3,214,553 1,229,801 2,250,433 928,504 226,205 36,936 36,250
Deferred incentive income 810,996 277,630 585,864 141,277 36,739 19,252 12,710
Total liabilities 4,880,291 1,806,476 3,343,262 1,306,021 339,028 78,804 53,730
Non-controlling interests inconsolidated subsidiaries 11,230,028 6,185,267 8,397,167 4,405,835 1,836,163 1,046,896 599,827
Members' equity (deficit) including net accumulated other comprehensive income (loss) (93,747) 58,939 123,509 84,877 37,373 39,375 21715