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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities      
Net income $ 1,007.4 $ 15.3 $ 400.1
Adjustments to reconcile net income to net cash flows from operating activities:      
Depreciation, amortization, and impairment 41.3 72.0 322.8
Equity-based compensation 320.3 334.6 378.0
Excess tax benefits related to equity-based compensation 0.0 0.0 (4.0)
Non-cash performance fees (626.8) 199.6 455.1
Other non-cash amounts (74.6) (41.7) 12.7
Consolidated Funds related:      
Realized/unrealized gain on investments of Consolidated Funds (27.0) (51.7) (458.7)
Realized/unrealized (gain) loss from loans payable of Consolidated Funds (61.4) 40.5 (436.5)
Purchases of investments by Consolidated Funds (2,875.0) (2,739.4) (10,472.1)
Proceeds from sale and settlements of investments by Consolidated Funds 2,649.3 1,282.9 11,653.6
Non-cash interest (income) loss, net (5.3) (5.5) 3.3
Change in cash and cash equivalents held at Consolidated Funds 383.9 513.7 1,281.8
Change in other receivables held at Consolidated Funds (16.7) 1.1 534.6
Change in other liabilities held at Consolidated Funds (266.1) 268.9 48.0
Other non-cash amounts of Consolidated Funds 0.0 (17.5) 0.0
Investment income (227.1) (154.6) (0.5)
Purchases of investments (888.5) (368.2) (91.9)
Proceeds from the sale of investments 467.5 299.5 313.0
Payments of contingent consideration (22.6) (82.6) (17.8)
Deconsolidation of Claren Road (see Note 9) (23.3) 0.0 0.0
Deconsolidation of Urbplan (see Note 15) 14.0 0.0 0.0
Deconsolidation of ESG 0.0 (34.5) 0.0
Changes in deferred taxes, net 93.4 (4.4) (31.4)
Change in due from affiliates and other receivables 0.3 (10.9) (1.4)
Change in receivables and inventory of a real estate VIE (14.5) 29.0 (57.5)
Change in deposits and other (2.0) 5.1 (10.8)
Change in other assets of a real estate VIE 1.6 41.2 (17.4)
Change in accounts payable, accrued expenses and other liabilities 50.5 66.6 62.5
Change in accrued compensation and benefits (13.7) 6.5 (35.3)
Change in due to affiliates 35.7 (19.3) 21.0
Change in other liabilities of a real estate VIE 47.9 34.3 101.6
Change in deferred revenue 24.4 18.9 (50.0)
Net cash provided by (used in) operating activities (7.1) (300.6) 3,902.8
Cash flows from investing activities      
Change in restricted cash (15.5) 5.3 40.8
Purchases of fixed assets, net (34.0) (25.4) (62.3)
Net cash used in investing activities (49.5) (20.1) (21.5)
Cash flows from financing activities      
Borrowings under credit facility 250.0 0.0 0.0
Repayments under credit facility (250.0) 0.0 0.0
Proceeds from debt obligations 265.6 20.6 0.0
Payments on debt obligations (21.7) (9.0) 0.0
Net payments on loans payable of a real estate VIE (14.3) (34.5) (65.3)
Net borrowings on loans payable of Consolidated Funds 147.2 594.2 734.3
Payments of contingent consideration (0.6) (3.3) (8.1)
Distributions to common unitholders (118.1) (140.9) (251.0)
Distributions to preferred unitholders (6.0) 0.0 0.0
Distributions to non-controlling interest holders in Carlyle Holdings (295.6) (422.6) (848.5)
Net proceeds from issuance of common units, net of offering costs 0.0 0.0 209.9
Proceeds from issuance of preferred units, net of offering costs and expenses 387.5 0.0 0.0
Excess tax benefits related to equity-based compensation 0.0 0.0 4.0
Contributions from non-controlling interest holders 119.2 113.0 2,376.6
Distributions to non-controlling interest holders (118.0) (109.4) (5,267.0)
Acquisition of non-controlling interests in Carlyle Holdings 0.0 0.0 (209.9)
Common units repurchased (0.2) (58.9) 0.0
Change in due to/from affiliates financing activities (26.4) 66.1 (62.7)
Change in due to/from affiliates and other receivables of Consolidated Funds 0.0 0.0 (623.5)
Net cash provided by (used in) financing activities 318.6 15.3 (4,011.2)
Effect of foreign exchange rate changes 67.2 (15.2) (120.6)
Increase (Decrease) in cash and cash equivalents 329.2 (320.6) (250.5)
Cash and cash equivalents, beginning of period 670.9 991.5 1,242.0
Cash and cash equivalents, end of period 1,000.1 670.9 991.5
Supplemental cash disclosures      
Cash paid for interest 59.5 59.0 56.0
Cash paid for income taxes 24.8 35.1 41.6
Supplemental non-cash disclosures      
Increase in partners’ capital related to reallocation of ownership interest in Carlyle Holdings 24.8 13.6 21.9
Initial consolidation of Consolidated Funds 0.0 0.0 63.8
Net asset impact of deconsolidation of Consolidated Funds 0.0 (7,170.2) 0.0
Non-cash contributions from non-controlling interest holders 0.0 6.3 0.0
Tax effect from acquisition of Carlyle Holdings partnership units:      
Deferred tax asset 38.7 3.0 59.6
Deferred tax liability 0.0 0.0 2.6
Tax receivable agreement liability 30.7 2.6 51.5
Total partners’ capital $ 8.0 $ 0.4 $ 5.5