Distributable Earnings definition

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

  • Refer to Schedule I for the definition and reconciliation of Distributable Earnings.

  • Distributable Earnings replaces the Company’s prior presentation of Core Earnings, and Core Earnings presentations from prior reporting periods have been recast as Distributable Earnings.

  • The exclusion of depreciation and amortization from the calculation of Distributable Earnings only applies to debt investments related to real estate to the extent the Company forecloses upon the property or properties underlying such debt investments.

  • Weighted average adjusted shares is used in the calculation of After-tax Distributable Earnings per Adjusted Share, and Adjusted Shares is used in the calculation of Book Value per Adjusted Share.

  • However, After-tax Distributable Earnings does not represent and is not used to calculate actual dividends under KKR’s dividend policy, which is a fixed amount per period, and After-tax Distributable Earnings should not be viewed as a measure of KKR’s liquidity.


More Definitions of Distributable Earnings

Distributable Earnings has the meaning set forth in Exhibit E.
Distributable Earnings means, with respect to a Fiscal Year, the Company’s pre-tax fund management distributable earnings as reported in the Company’s Form 10-K for such Fiscal Year.
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 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, 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 with respect to each Restricted Joint Venture, as of the end of any period, an amount equal to the undistributed earnings of such Restricted Joint Venture (not to exceed an amount equal to its Joint Venture EBITDA for the relevant period) that would be received by the Borrower or a Subsidiary Guarantor if such earnings were distributed to the Borrower or a Subsidiary Guarantor as of the end of such period (to the extent not in violation of, or otherwise restricted by, the terms of any Contractual Obligation or Requirement of Law applicable to such Restricted Joint Venture).