XML 151 R129.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Supplemental Financial Information - Results of Operations (Detail) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues                      
Investment Income, Net                 $ 1,568.4 $ 809.2 $ 2,290.6
Interest and other income                 97.3 101.3 36.7
Interest and other income of Consolidated Funds                 199.2 214.5 177.7
Revenue of a real estate VIE                 0.0 0.0 109.0
Total revenues $ 460.3 $ 768.6 $ 1,061.1 $ 1,087.0 $ 151.7 $ 679.1 $ 893.6 $ 702.8 3,377.0 2,427.2 3,676.2
Compensation and benefits                      
Cash-based compensation and benefits                 833.4 746.7 652.7
Equity-based compensation                 140.0 239.9 320.3
Performance allocations and incentive fee related compensation                 436.7 376.3 988.3
Total compensation and benefits                 1,410.1 1,362.9 1,961.3
General, administrative and other expenses                 494.4 460.7 276.8
Interest                 82.1 82.2 65.5
Interest and other expenses of Consolidated Funds                 131.8 164.6 197.6
Interest and other expenses of a real estate VIE and loss on deconsolidation                 0.0 0.0 202.5
Other non-operating expenses (income)                 1.3 1.1 (71.4)
Total expenses 483.6 505.3 528.3 602.5 222.9 615.6 653.7 579.3 2,119.7 2,071.5 2,632.3
Other income                      
Net investment gains (losses) of Consolidated Funds (17.0) (1.9) 9.2 (14.2) (7.5) (2.9) 12.9 2.0 (23.9) 4.5 88.4
Income before provision for income taxes (40.3) 261.4 542.0 470.3 (78.7) 60.6 252.8 125.5 1,233.4 360.2 1,132.3
Provision for income taxes                 49.0 31.3 124.9
Net income (40.4) 252.0 526.5 446.3 (73.2) 43.2 241.2 117.7 1,184.4 328.9 1,007.4
Net income attributable to non-controlling interests in consolidated entities                 36.6 33.9 72.5
Net income attributable to Carlyle Holdings                 1,147.8 295.0 934.9
Net income attributable to non-controlling interests in Carlyle Holdings                 766.9 178.5 690.8
Net income attributable to The Carlyle Group L.P. $ (8.3) $ 68.4 $ 148.2 $ 137.0 $ (16.0) $ 11.6 $ 63.5 $ 33.8 380.9 116.5 244.1
Net income attributable to Series A Preferred Unitholders                 19.1 23.6 6.0
Series A Preferred Units redemption premium                 16.5 0.0 0.0
Net income attributable to The Carlyle Group L.P. Common Unitholders                 345.3 92.9 238.1
Consolidated Operating Entities                      
Compensation and benefits                      
Equity-based compensation                 140.0 239.9 320.3
Consolidated Entities | Consolidated Operating Entities                      
Revenues                      
Investment Income, Net                 1,554.1 816.7 2,302.4
Interest and other income                 123.6 128.0 60.5
Interest and other income of Consolidated Funds                 0.0 0.0 0.0
Revenue of a real estate VIE                     109.0
Total revenues                 3,211.3 2,272.4 3,555.0
Compensation and benefits                      
Cash-based compensation and benefits                 833.4 746.7 652.7
Equity-based compensation                 140.0 239.9 320.3
Performance allocations and incentive fee related compensation                 436.7 376.3 988.3
Total compensation and benefits                 1,410.1 1,362.9 1,961.3
General, administrative and other expenses                 494.4 460.7 276.8
Interest                 82.1 82.2 65.5
Interest and other expenses of Consolidated Funds                 0.0 0.0 0.0
Interest and other expenses of a real estate VIE and loss on deconsolidation                     202.5
Other non-operating expenses (income)                 1.3 1.1 (71.4)
Total expenses                 1,987.9 1,906.9 2,434.7
Other income                      
Net investment gains (losses) of Consolidated Funds                 0.0 0.0 0.0
Income before provision for income taxes                 1,223.4 365.5 1,120.3
Provision for income taxes                 49.0 31.3 124.9
Net income                 1,174.4 334.2 995.4
Net income attributable to non-controlling interests in consolidated entities                 26.6 39.2 60.5
Net income attributable to Carlyle Holdings                 1,147.8 295.0 934.9
Net income attributable to non-controlling interests in Carlyle Holdings                 766.9 178.5 690.8
Net income attributable to The Carlyle Group L.P.                 380.9 116.5 244.1
Net income attributable to Series A Preferred Unitholders                 19.1 23.6 6.0
Series A Preferred Units redemption premium                 16.5    
Net income attributable to The Carlyle Group L.P. Common Unitholders                 345.3 92.9 238.1
Consolidated Entities | Consolidated Funds                      
Revenues                      
Investment Income, Net                 0.0 0.0 0.0
Interest and other income                 0.0 0.0 0.0
Interest and other income of Consolidated Funds                 199.2 214.5 177.7
Revenue of a real estate VIE                     0.0
Total revenues                 199.2 214.5 177.7
Compensation and benefits                      
Cash-based compensation and benefits                 0.0 0.0 0.0
Equity-based compensation                 0.0 0.0 0.0
Performance allocations and incentive fee related compensation                 0.0 0.0 0.0
Total compensation and benefits                 0.0 0.0 0.0
General, administrative and other expenses                 0.0 0.0 0.0
Interest                 0.0 0.0 0.0
Interest and other expenses of Consolidated Funds                 165.6 213.3 240.4
Interest and other expenses of a real estate VIE and loss on deconsolidation                     0.0
Other non-operating expenses (income)                 0.0 0.0 0.0
Total expenses                 165.6 213.3 240.4
Other income                      
Net investment gains (losses) of Consolidated Funds                 (23.9) 4.5 123.5
Income before provision for income taxes                 9.7 5.7 60.8
Provision for income taxes                 0.0 0.0 0.0
Net income                 9.7 5.7 60.8
Net income attributable to non-controlling interests in consolidated entities                 0.0 0.0 0.0
Net income attributable to Carlyle Holdings                 9.7 5.7 60.8
Net income attributable to non-controlling interests in Carlyle Holdings                 0.0 0.0 0.0
Net income attributable to The Carlyle Group L.P.                 9.7 5.7 60.8
Net income attributable to Series A Preferred Unitholders                 0.0 0.0 0.0
Series A Preferred Units redemption premium                 0.0    
Net income attributable to The Carlyle Group L.P. Common Unitholders                 9.7 5.7 60.8
Eliminations                      
Revenues                      
Investment Income, Net                 14.3 (7.5) (11.8)
Interest and other income                 (26.3) (26.7) (23.8)
Interest and other income of Consolidated Funds                 0.0 0.0 0.0
Revenue of a real estate VIE                     0.0
Total revenues                 (33.5) (59.7) (56.5)
Compensation and benefits                      
Cash-based compensation and benefits                 0.0 0.0 0.0
Equity-based compensation                 0.0 0.0 0.0
Performance allocations and incentive fee related compensation                 0.0 0.0 0.0
Total compensation and benefits                 0.0 0.0 0.0
General, administrative and other expenses                 0.0 0.0 0.0
Interest                 0.0 0.0 0.0
Interest and other expenses of Consolidated Funds                 (33.8) (48.7) (42.8)
Interest and other expenses of a real estate VIE and loss on deconsolidation                     0.0
Other non-operating expenses (income)                 0.0 0.0 0.0
Total expenses                 (33.8) (48.7) (42.8)
Other income                      
Net investment gains (losses) of Consolidated Funds                 0.0 0.0 (35.1)
Income before provision for income taxes                 0.3 (11.0) (48.8)
Provision for income taxes                 0.0 0.0 0.0
Net income                 0.3 (11.0) (48.8)
Net income attributable to non-controlling interests in consolidated entities                 10.0 (5.3) 12.0
Net income attributable to Carlyle Holdings                 (9.7) (5.7) (60.8)
Net income attributable to non-controlling interests in Carlyle Holdings                 0.0 0.0 0.0
Net income attributable to The Carlyle Group L.P.                 (9.7) (5.7) (60.8)
Net income attributable to Series A Preferred Unitholders                 0.0 0.0 0.0
Series A Preferred Units redemption premium                 0.0    
Net income attributable to The Carlyle Group L.P. Common Unitholders                 (9.7) (5.7) (60.8)
Fund management fees                      
Revenues                      
Fund management fees                 1,476.2 1,272.0 1,026.9
Fund management fees | Consolidated Entities | Consolidated Operating Entities                      
Revenues                      
Fund management fees                 1,497.7 1,296.4 1,045.4
Fund management fees | Consolidated Entities | Consolidated Funds                      
Revenues                      
Fund management fees                 0.0 0.0 0.0
Fund management fees | Eliminations                      
Revenues                      
Fund management fees                 (21.5) (24.4) (18.5)
Incentive fees                      
Revenues                      
Investment Income, Net                 35.9 30.2 35.3
Incentive fees | Consolidated Entities | Consolidated Operating Entities                      
Revenues                      
Investment Income, Net                 35.9 31.3 37.7
Incentive fees | Consolidated Entities | Consolidated Funds                      
Revenues                      
Investment Income, Net                 0.0 0.0 0.0
Incentive fees | Eliminations                      
Revenues                      
Investment Income, Net                 0.0 (1.1) (2.4)
Performance allocations                      
Revenues                      
Investment Income, Net                 799.1 622.9 2,058.6
Compensation and benefits                      
Performance allocations and incentive fee related compensation                 436.7 376.3 988.3
Performance allocations | Consolidated Entities | Consolidated Operating Entities                      
Revenues                      
Investment Income, Net                 799.1 622.9 2,058.6
Performance allocations | Consolidated Entities | Consolidated Funds                      
Revenues                      
Investment Income, Net                 0.0 0.0 0.0
Performance allocations | Eliminations                      
Revenues                      
Investment Income, Net                 0.0 0.0 0.0
Principal investment income                      
Revenues                      
Investment Income, Net                 769.3 186.3 232.0
Principal investment income | Consolidated Entities | Consolidated Operating Entities                      
Revenues                      
Investment Income, Net                 755.0 193.8 243.8
Principal investment income | Consolidated Entities | Consolidated Funds                      
Revenues                      
Investment Income, Net                 0.0 0.0 0.0
Principal investment income | Eliminations                      
Revenues                      
Investment Income, Net                 $ 14.3 $ (7.5) $ (11.8)