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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities    
Net income (loss) $ (171.8) $ 1,224.8
Adjustments to reconcile net income (loss) to net cash flows from operating activities:    
Depreciation and amortization 38.9 44.9
Equity-based compensation 78.3 107.8
Non-cash performance allocations and incentive fees (239.6) (242.0)
Non-cash principal investment (income) loss 646.3 (775.1)
Other non-cash amounts (3.5) 8.0
Consolidated Funds related:    
Realized/unrealized (gain) loss on investments of Consolidated Funds 219.2 (18.8)
Realized/unrealized (gain) loss from loans payable of Consolidated Funds (180.3) 25.7
Purchases of investments by Consolidated Funds (2,049.1) (1,399.0)
Proceeds from sale and settlements of investments by Consolidated Funds 1,571.4 1,742.5
Non-cash interest income, net (4.6) (2.7)
Change in cash and cash equivalents held at Consolidated Funds (258.2) 49.1
Change in other receivables held at Consolidated Funds (20.0) 64.5
Change in other liabilities held at Consolidated Funds 149.4 (289.3)
Other non-cash amounts of Consolidated Funds 0.4 0.0
Purchases of investments (214.1) (216.5)
Payment of purchase price adjustment in Fortitude Re (79.6) 0.0
Proceeds from the sale of investments 233.6 305.2
Changes in deferred taxes, net 4.7 21.6
Change in due from affiliates and other receivables (8.3) 57.8
Change in deposits and other (1.3) (6.3)
Change in accounts payable, accrued expenses and other liabilities (57.5) (64.6)
Change in accrued compensation and benefits 73.0 99.3
Change in due to affiliates (31.5) 0.3
Change in lease right-of-use assets and lease liabilities (6.7) (17.1)
Change in deferred revenue 200.3 203.9
Net cash (used in) provided by operating activities (110.6) 924.0
Cash flows from investing activities    
Purchases of fixed assets, net (37.3) (17.5)
Net cash used in investing activities (37.3) (17.5)
Cash flows from financing activities    
Borrowings under credit facilities 287.1 42.3
Repayments under credit facilities (300.6) (17.0)
Issuance of 3.500% senior notes due 2029, net of financing costs 0.0 421.6
Repayment of term loan 0.0 (25.0)
Payments on debt obligations (2.7) (44.9)
Proceeds from debt obligations, net of financing costs 20.5 40.9
Net borrowings (payments) on loans payable of Consolidated Funds 594.6 (161.7)
Payments of contingent consideration (0.3) (0.2)
Dividends to common stockholders (262.9) (118.4)
Distributions to preferred unitholders 0.0 (17.7)
Distributions to non-controlling interest holders in Carlyle Holdings 0.0 (242.3)
Payment of deferred consideration for Carlyle Holdings units (68.8) 0.0
Contributions from non-controlling interest holders 24.2 24.7
Distributions to non-controlling interest holders (53.5) (42.9)
Common shares repurchased (26.4) (34.5)
Change in due to/from affiliates financing activities 40.9 147.1
Net cash provided by (used in) financing activities 252.1 (28.0)
Effect of foreign exchange rate changes 6.6 (11.0)
Increase in cash, cash equivalents and restricted cash 110.8 867.5
Cash, cash equivalents and restricted cash, beginning of period 828.0 638.3
Cash, cash equivalents and restricted cash, end of period 938.8 1,505.8
Supplemental non-cash disclosures    
Tax effects from the conversion to a Corporation recorded in equity 53.9 0.0
Net increase in partners’ capital and accumulated other comprehensive income related to reallocation of ownership interest in Carlyle Holdings 0.0 45.8
Non-cash distributions to non-controlling interest holders 0.0 (22.4)
Net asset impact of deconsolidation of Consolidated Funds 0.0 (24.3)
Tax effect from acquisition of Carlyle Holdings partnership units:    
Deferred tax asset 0.0 6.1
Tax receivable agreement liability 0.0 5.1
Total partners’ capital 0.0 1.0
Reconciliation of cash, cash equivalents and restricted cash, end of period:    
Total cash, cash equivalents and restricted cash, end of period $ 938.8 $ 1,505.8