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v3.23.3

SEGMENT REPORTING - Reconciliation of Income Before Taxes (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022
Adjustments: |  |  |  |
Depreciation and amortization expense | $ 31,000 | $ 32,700 | $ 95,000 | $ 101,500
Consolidated Funds |  |  |  |
Adjustments: |  |  |  |
Income before taxes of non-controlling interests in Consolidated Funds, net of eliminations | 80,289 | 16,340 | 174,663 | 48,700
Total investment (income) loss—realized | (255,600) | (158,415) | (712,992) | (396,080)
Operating segment |  |  |  |
Segment Reporting, Other Significant Reconciling Item [Line Items] |  |  |  |
Income (loss) before taxes | 226,872 | (60,378) | 849,963 | 167,997
Adjustments: |  |  |  |
Depreciation and amortization expense | 105,524 | 219,339 | 194,174 | 297,795
Equity compensation expense | 61,976 | 47,516 | 192,964 | 150,677
Acquisition-related compensation expense | 589 | 96,697 | 1,831 | 204,189
Acquisition and merger-related expense | 2,414 | 1,852 | 10,126 | 12,046
Placement fee adjustment | 944 | 9,729 | (6,032) | 7,611
Other (income) expense, net | 286 | (1,059) | 589 | 934
Total performance (income) loss—unrealized | 31,400 | (170,654) | (384,533) | (280,037)
Total performance related compensation—unrealized | (38,650) | 124,466 | 261,996 | 207,115
Investment (income) loss—unrealized | (36,966) | (4,543) | (105,372) | (6,666)
Realized income | 401,452 | 339,185 | 1,221,884 | 1,000,915
Total performance income—realized | (17,797) | (29,984) | (189,568) | (143,946)
Total performance related compensation—realized | 10,504 | 18,858 | 133,472 | 91,491
Total investment (income) loss—realized | 17,163 | 543 | 20,446 | (3,566)
Fee related earnings | 411,322 | 328,602 | 1,186,234 | 944,894
Operating segment | Consolidated Funds |  |  |  |
Adjustments: |  |  |  |
Income before taxes of non-controlling interests in Consolidated Funds, net of eliminations | (84,429) | (16,489) | (179,362) | (48,897)
Operating segment | Subsidiaries |  |  |  |
Adjustments: |  |  |  |
Income before taxes of non-controlling interests in Consolidated Funds, net of eliminations | (5,007) | (5,616) | (6,892) | (6,583)
OMG |  |  |  |
Adjustments: |  |  |  |
OMG expense, net | 136,499 | 98,325 | 392,432 | 294,734
Realized income | 136,999 | 95,743 | 390,929 | 288,211
Total performance income—realized | 0 | 0 | 0 | 0
Total performance related compensation—realized | 0 | 0 | 0 | 0
Fee related earnings | $ 137,090 | $ 95,444 | $ 391,219 | $ 286,287

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