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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities      
Net income $ 400.1 $ 915.1 $ 1,347.8
Adjustments to reconcile net income to net cash flows from operating activities:      
Depreciation, amortization, and impairment 322.8 192.1 163.6
Equity-based compensation 378.0 344.0 322.4
Excess tax benefits related to equity-based compensation (4.0) (2.7) (1.9)
Non-cash performance fees 455.1 (572.9) (1,525.5)
Other non-cash amounts 12.7 (1.4) (9.1)
Consolidated Funds related:      
Realized/unrealized gain on investments of Consolidated Funds (458.7) (785.6) (1,369.6)
Realized/unrealized (loss) gain from loans payable of Consolidated Funds (436.5) (11.9) 695.8
Purchases of investments by Consolidated Funds (10,472.1) (10,566.3) (11,555.0)
Proceeds from sale and settlements of investments by Consolidated Funds 11,653.6 10,685.6 11,631.6
Non-cash interest income, net 3.3 (26.2) (81.1)
Change in cash and cash equivalents held at Consolidated Funds 1,281.8 2,516.8 2,419.9
Change in other receivables held at Consolidated Funds 534.6 (414.7) (228.8)
Change in other liabilities held at Consolidated Funds 48.0 63.3 (120.5)
Investment (income) loss (0.5) 14.9 (4.8)
Purchases of investments and trading securities (91.9) (221.9) (93.0)
Proceeds from the sale of investments and trading securities 313.0 544.4 294.3
Payments of contingent consideration (17.8) (59.6) 0.0
Changes in deferred taxes, net (31.4) 10.5 44.5
Change in due from affiliates and other receivables (1.4) (4.2) (7.8)
Change in receivables and inventory of a consolidated real estate VIE (57.5) 0.0 10.1
Change in deposits and other (10.8) (10.9) 9.7
Change in other assets of a consolidated real estate VIE (17.4) (25.0) 4.3
Change in accounts payable, accrued expenses and other liabilities 62.5 (23.4) 46.6
Change in accrued compensation and benefits (35.3) 155.4 935.5
Change in due to affiliates 21.0 (81.6) 96.7
Change in other liabilities of a consolidated real estate VIE 101.6 (24.9) (32.1)
Change in deferred revenue (50.0) 36.8 0.7
Net cash provided by operating activities 3,902.8 2,645.7 2,994.3
Cash flows from investing activities      
Change in restricted cash 40.8 69.8 (95.4)
Purchases of fixed assets, net (62.3) (29.7) (29.5)
Acquisitions, net of cash acquired 0.0 (3.1) (10.2)
Net cash provided by (used in) investing activities (21.5) 37.0 (135.1)
Cash flows from financing activities      
Repayments under credit facility 0.0 0.0 (386.3)
Issuance of 3.875% senior notes due 2023, net of financing costs 0.0 0.0 495.3
Issuance of 5.625% senior notes due 2043, net of financing costs 0.0 210.8 394.1
Proceeds from loans payable 0.0 0.0 17.1
Payments on loans payable 0.0 0.0 (475.0)
Net payments on loans payable of a consolidated real estate VIE (65.3) (34.4) (1.5)
Net borrowings (payments) on loans payable of Consolidated Funds 734.3 (1,033.4) (1,595.2)
Payments of contingent consideration (8.1) (39.5) (23.9)
Distributions to common unitholders (251.0) (102.7) (59.9)
Distributions to non-controlling interest holders in Carlyle Holdings (848.5) (486.9) (372.9)
Net proceeds from issuance of common units, net of offering costs 209.9 449.5 0.0
Excess tax benefits related to equity-based compensation 4.0 2.7 1.9
Contributions from non-controlling interest holders 2,376.6 2,203.1 2,474.9
Distributions to non-controlling interest holders (5,267.0) (4,190.4) (3,038.0)
Acquisition of non-controlling interests in Carlyle Holdings (209.9) (303.4) (7.1)
Change in due to/from affiliates financing activities (62.7) (38.4) 17.3
Change in due to/from affiliates and other receivables of Consolidated Funds (623.5) 1,069.6 55.5
Net cash used in financing activities (4,011.2) (2,293.4) (2,503.7)
Effect of foreign exchange rate changes (120.6) (113.9) 44.0
(Decrease) Increase in cash and cash equivalents (250.5) 275.4 399.5
Cash and cash equivalents, beginning of period 1,242.0 966.6 567.1
Cash and cash equivalents, end of period 991.5 1,242.0 966.6
Supplemental cash disclosures      
Cash paid for interest 56.0 51.9 28.6
Cash paid for income taxes 41.6 58.7 50.4
Supplemental non-cash disclosures      
Increase in partners’ capital related to reallocation of ownership interest in Carlyle Holdings 21.9 30.9 13.9
Increase to partners’ capital from acquisition of non-controlling interests in consolidated entities 0.0 0.0 3.9
Initial consolidation of Consolidated Funds 63.8 0.0 69.6
Non-cash contributions from non-controlling interest holders 0.0 4.4 1.6
Non-cash distributions to non-controlling interest holders 0.0 0.0 3.2
Acquisition of Carlyle Holdings Partnership Units [Member]      
Tax effect from acquisition of Carlyle Holdings partnership units:      
Deferred tax asset 59.6 67.8 0.0
Deferred tax liability 2.6 0.0 0.0
Tax receivable agreement liability 51.5 58.1 0.0
Total partners’ capital $ 5.5 $ 0.0 $ 0.0