Fortress Investment Group LLC

NET CASH AND INVESTMENTS

 
 

NET CASH AND INVESTMENTS

($ in thousands,
except per share)

03/31/2015

06/30/2015

09/30/2015

12/31/2015

03/31/2016

06/30/2016

Cash and Cash Equivalents

 

$

145,233

 

$

233,912

 

$

337,109

 

$

339,842

 

$

225,553

 

$

278,937

Investments

   

1,200,151

   

1,144,597

   

1,125,443

   

1,055,789

   

977,996

   

936,530

Assets

   

1,345,384

   

1,378,509

   

1,462,552

   

1,395,631

   

1,203,549

   

1,215,467

 

Debt Obligations Payable

 

$

75,000

 

$

75,000

 

$

75,000

 

$

230,677

 

$

260,677

 

$

260,677

Liabilities

   

75,000

   

75,000

   

75,000

   

230,677

   

260,677

   

260,677

Net

 

$

1,270,384

 

$

1,303,509

 

$

1,387,552

 

$

1,164,954

 

$

942,872

 

$

954,790

 

Net Cash and Investments per Dividend Paying Share

 

$

2.80

 

$

2.87

 

$

3.06

 

$

2.94

 

$

2.39

 

$

2.42

 

Dividend Paying Shares and Units Outstanding (in millions)

   

454

   

454

   

453

   

397

   

394

   

394

NOTE: Net Cash and Investments and Dividend Paying Shares and Units Outstanding are non-GAAP measures. For a reconciliation of Net Cash and Investments to GAAP Equity, see our most recent earnings release, which is available on our website under Public Shareholders / Financial Reports & Filings.  For a reconciliation of Dividend Paying Shares and Units Outstanding to Class A Shares Outstanding, see the following table.

DEFINITIONS

Investments represents the carrying value of Fortress’s Principal Investments in Fortress funds.

Debt Obligations Payable is the balance outstanding on Fortress's credit agreement.

Net is equal to Cash and Cash Equivalents plus Investments less Debt Obligations Payable.

Net Cash and Investments per Dividend Paying Share is Net Cash and Investments divided by the Dividend Paying Shares and Units Outstanding.

Dividend Paying Shares and Units Outstanding is the number of shares and units outstanding at the end of the period which were entitled to receive dividends or related distributions.

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