Distributable Earnings means, for any period, an amount calculated on a consolidated basis for the Company and its consolidated Subsidiaries determined on the basis of distributable earnings, in accordance with the methodology utilized by the Company to derive distributable earnings in the Company’s earnings press release for such period. Notwithstanding the foregoing, the following items shall not be taken into account in calculating Distributable Earnings, (i) for the fiscal quarter ended December 31, 2018, any Tax Receivable Agreement related payments accrued for the 2017 and 2018 tax years that are no longer payable as a result from the February 7, 2019 amendment of the Tax Receivable Agreement, and (ii) for each period during the fiscal year ended December 31, 2019, the impact of any reversal of any such Tax Receivable Agreement payments.
Distributable Earnings means a non-GAAP performance measure derived from realized earnings on a consolidated basis for each Oaktree Operating Group Member, determined in a manner consistent in all material respects with the Company’s Form 10-Q for the quarter ended June 30, 2019, and shall (i) exclude results of consolidated funds of such Oaktree Operating Group Member, (ii) exclude investment income or loss which is not directly available to fund operations or make equity distributions, and (iii) to the extent it has not, and will not be, reflected in the realized earnings described above, include the portion of distributions from funds and businesses that relate to income or loss (but for the avoidance of doubt, excluding the portion of distributions that constitute a return of capital contributions).
Distributable Earnings means all reserves that a company may lawfully distribute by way of dividends to its members. dmtu means dry metric tonne units.
Examples of Distributable Earnings in a sentence
With the payment of a contribution to the Officers' Fund on the grant date, these employees are entitled to a cash benefit that is calculated by management based on defined financial metrics of the Group (e.g., DE – Distributable Earnings) with certain vesting conditions and financial hurdles.
As a real estate finance company, we believe the key financial measures and indicators for our business are earnings per share, dividends declared, Distributable Earnings, and book value per share.
GAAP ROE is based on GAAP Net Income, while Distributable ROE is based on Distributable Earnings, which adjusts GAAP Net Income for certain items detailed on the “Distributable Earnings Reconciliation” slide.
After-tax Distributable Earnings per common unit is net of the preferred unit distribution.
As further described below, Distributable Earnings is a measure that is not prepared in accordance with accounting principles generally accepted in the United States of America, or GAAP, which helps us to evaluate our performance excluding the effects of certain transactions and GAAP adjustments that we believe are not necessarily indicative of our current loan portfolio and operations.
More Definitions of Distributable Earnings
Distributable Earnings means the realised income as determined pursuant to section 16;
Distributable Earnings means, for any period, distributable earnings as described or defined in the Company’s periodic disclosures under the Securities and Exchange Act of 1934.
Distributable Earnings has the meaning set forth in Exhibit E.
Distributable Earnings means net income (loss) allocable to holders of Common Stock, calculated in accordance with GAAP, excluding (1) unrealized gains on the aggregate portfolio of the Company and the Subsidiaries, (2) impairment losses, (3) extinguishment of debt, (4) non-cash equity compensation expense, (5) the Incentive Fee earned by the Manager, (6) realized gains or losses on swap terminations and (7) certain other non-recurring gains or losses determined after discussions between the Manager and the Independent Directors and approval by a majority of the Independent Directors. For the initial four fiscal quarters following the Closing Date, Distributable Earnings will be calculated on the basis of each of the previously completed fiscal quarters on an annualized basis. Distributable Earnings for the initial fiscal quarter following the Initial Public Offering will be calculated from the Closing Date on an annualized basis.
Distributable Earnings means the net income (loss) of the Company, computed in accordance with GAAP, including realized gains and losses not otherwise included in GAAP net income (loss) and excluding (i) expenses incurred in connection with the Merger Agreement and transactions contemplated thereby, (ii) non-cash equity compensation expense, (iii) the Incentive Fee, (iv) depreciation and amortization, (v) any unrealized gains or losses or other non-cash items that are included in the applicable reporting period, regardless of whether such items are included in other comprehensive income or loss, or in net income, (vi) one-time events resulting from changes in GAAP, (vii) to the extent deducted from net income (loss), distributions payable with respect to equity securities of Subsidiaries issued in exchange for properties or interests therein and (viii) certain other non-cash adjustments, after discussions between the Manager and the Independent Directors and as approved by a majority of the Independent Directors.
Distributable Earnings means, for any period, distributable earnings of the Credit Parties and the Sculptor Subsidiaries calculated in accordance with the methodology set forth in the Issuer’s earnings press release for the Fiscal Quarter ended June 30, 2020 or such other period consented to by the Administrative Agent in writing.
Distributable Earnings means, for any year, (i) the total amount of net income of such Onshore Group Members for such year calculated on a consolidated basis in accordance with generally accepted accounting principles of the PRC in effect as of the date of determination thereof; minus (ii) any statutory reserves required by the applicable laws of the PRC.