← Carlyle Group Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $6.4m | $244.1m | $116.5m | $380.9m | $348.2m | $3.0b | $1.2b | ($608.4m) | $1.0b | $808.7m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $6.4m | $238.1m | $92.9m | $345.3m | $348.2m | $3.0b | $1.2b | — | $1.0b | $808.7m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $15.3m | $1.0b | $328.9m | $1.2b | $382.8m | $3.0b | $1.3b | ($496.7m) | $1.1b | $944.7m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $41.0m | $72.5m | $33.9m | $36.6m | $34.6m | $70.5m | $59.7m | $111.7m | $70.7m | $136.0m | |
| Depreciation, Depletion and Amortization | — | $41.3m | $46.9m | $65.6m | $52.1m | $52.0m | $147.4m | $180.6m | $184.1m | $192.1m | |
| Amortization | $71.2m | — | — | — | — | — | — | — | — | — | |
| Amortization of Intangible Assets | $42.5m | $10.1m | $10.0m | $15.5m | $14.6m | $10.2m | $103.9m | $135.0m | $130.8m | $131.0m | |
| Deferred Income Tax Expense (Benefit) | ($4.9m) | $92.5m | ($12.0m) | $16.7m | $143.1m | $514.9m | ($61.8m) | ($365.5m) | $87.9m | ($28.5m) | |
| Share-based Payment Arrangement, Noncash Expense | $334.6m | $320.3m | $239.9m | $140.0m | $105.0m | $163.1m | $154.0m | $249.1m | $467.9m | $374.7m | |
| Impairment of Intangible Assets (Excluding Goodwill) | $11.8m | — | — | — | — | — | — | — | — | — | |
| Impairment of Intangible Assets, Finite-lived | — | $0 | $0 | $0 | $0 | $0 | $4.0m | $0 | $0 | $0 | |
| Operating Lease, Impairment Loss | — | — | — | — | — | $26.8m | — | — | — | — | |
| Income (Loss) from Equity Method Investments | $150.6m | $226.4m | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $30.0m | $124.9m | $31.3m | $49.0m | $197.2m | $982.3m | $287.8m | ($104.2m) | $302.6m | $214.5m | |
| Other Nonoperating Income (Expense) | $11.2m | $71.4m | ($1.1m) | ($1.3m) | $7.2m | ($1.5m) | ($1.0m) | ($200k) | $300k | $200k | |
| Additional Financial Items | |||||||||||
| Distributions paid to shareholders | $140.9m | $118.1m | $129.8m | $154.9m | $351.3m | $355.8m | $443.6m | $497.7m | $503.0m | $505.1m | |
| Deconsolidation, Gain (Loss), Amount | $34.5m | $0 | $0 | — | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | $26.3m | $3.9m | $1.8m | ($21.4m) | $8.4m | ($13.5m) | $25.2m | ($13.6m) | $2.5m | ($19.2m) | |
| Gain (Loss) on Investments | $160.5m | $232.0m | — | — | — | — | — | — | — | — | |
| General and Administrative Expense | $521.1m | $276.8m | $460.7m | $494.4m | $349.3m | $431.7m | $575.8m | — | — | — | |
| Goodwill | $10.1m | $11.1m | $15.3m | $16.1m | $16.8m | $13.3m | $103.9m | $104.0m | $103.6m | $104.6m | |
| Investment Income, Interest | $140.4m | $167.3m | $207.2m | $192.3m | $211.6m | $231.3m | $282.3m | $512.4m | $577.6m | $577.2m | |
| Realized Investment Gains (Losses) | ($33.4m) | ($54.0m) | ($4.9m) | ($14.2m) | ($91.3m) | $9.6m | ($29.6m) | ($80.8m) | ($60.7m) | $28.3m | |
| Unrealized Gain (Loss) on Investments | $85.1m | $81.0m | ($103.9m) | ($4.7m) | $62.2m | $67.0m | ($378.5m) | $327.7m | $157.1m | ($11.9m) | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | ($1.9m) | $0 | $0 | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | ($300.6m) | ($7.1m) | ($343.5m) | $358.6m | ($169.2m) | $1.8b | ($379.3m) | $204.9m | ($759.5m) | ($3.3b) | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $25.4m | $34.0m | $31.3m | $27.8m | $61.2m | $41.4m | $40.6m | $66.6m | $77.7m | $99.4m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $0 | — | $67.8m | $0 | $0 | — | $150.2m | $0 | $0 | — | |
| Payments to Acquire Investments | $368.2m | $888.5m | $473.6m | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($20.1m) | ($49.5m) | ($99.1m) | ($27.8m) | ($61.2m) | ($32.2m) | ($828.8m) | ($43.6m) | ($77.6m) | ($99.4m) | |
| Cash flows from financing activities: | |||||||||||
| Repayments of Long-term Debt | $9.0m | $21.7m | $156.7m | — | — | — | — | — | — | — | |
| Payments for Repurchase of Common Stock | $58.9m | $200k | $107.5m | $34.5m | $26.4m | $161.8m | $185.6m | $203.5m | $554.6m | $686.5m | |
| Payments of Ordinary Dividends, Common Stock | $140.9m | $118.1m | $129.8m | $154.9m | $351.3m | $355.8m | $443.6m | $497.7m | $503.0m | $505.1m | |
| Proceeds from Noncontrolling Interests | $113.0m | $119.2m | $31.3m | $57.8m | $210.0m | $216.2m | $391.2m | $177.0m | $319.5m | $711.7m | |
| Net Cash Provided by (Used in) Financing Activities | $15.3m | $318.6m | $72.0m | ($149.2m) | $370.3m | ($242.5m) | $114.8m | ($99.6m) | $682.8m | $4.0b | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | ($20.3m) | $18.9m | ($21.3m) | $91.6m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | ($390.5m) | $189.7m | $161.6m | $1.5b | ($1.1b) | $80.6m | ($175.6m) | $707.1m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $638.3m | $828.0m | $989.6m | $2.5b | $1.4b | $1.4b | $1.3b | $2.0b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $60.7m | $63.4m | $80.1m | $92.7m | $91.5m | $91.8m | $93.6m | $91.7m | |
| Income Taxes Paid, Net | — | — | — | — | — | — | — | — | — | $153.1m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.