Earnings Per Common Share

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Earnings Per Common Share

13. Earnings Per Common Share

Basic and diluted net income (loss) per common share are calculated as follows: 

	Year Ended December 31, 2023		Year Ended December 31, 2022		Year Ended December 31, 2021
	Basic	Diluted	Basic	Diluted	Basic	Diluted
Net income (loss) attributable to common shares	$(608,400,000)	$(608,400,000)	$1,225,000,000	$1,225,000,000	$2,974,700,000	$2,974,700,000
Weighted-average common shares outstanding	361,395,823	361,395,823	361,278,064	365,707,722	355,241,653	362,574,564
Net income (loss) per common share	$(1.68)	$(1.68)	$3.39	$3.35	$8.37	$8.20

The weighted-average common shares outstanding, basic and diluted, are calculated as follows:

	Year Ended December 31, 2023		Year Ended December 31, 2022		Year Ended December 31, 2021
	Basic	Diluted	Basic	Diluted	Basic	Diluted
The Carlyle Group Inc. weighted-average common shares outstanding	361,395,823	361,395,823	361,278,064	361,278,064	355,241,653	355,241,653
Unvested restricted stock units	—	—	—	2,394,372	—	4,713,277
Issuable common shares and performance- vesting restricted stock units	—	—	—	2,035,286	—	2,619,634
Weighted-average common shares outstanding	361,395,823	361,395,823	361,278,064	365,707,722	355,241,653	362,574,564

The Company applies the treasury stock method to determine the dilutive weighted-average common shares

represented by the unvested restricted stock units. Also included in the determination of dilutive weighted-average common

shares are issuable common shares associated with the Company’s acquisitions, investment in NGP, performance-vesting

restricted stock units, and issuable common shares associated with a program under which the Company may distribute realized

performance allocation related compensation in fully vested, newly issued shares (see Note 14 to the consolidated financial

statements). For the year ended December 31, 2023, all such awards are antidilutive and excluded from the computation of

diluted earnings per share given the net loss attributable to common stockholders.