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Supplemental Financial Information (Tables)
12 Months Ended
Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract]  
Supplemental financial position
The following supplemental financial information illustrates the consolidating effects of the Consolidated Funds on the Company’s financial position as of December 31, 2021 and 2020 and results of operations for the years ended December 31, 2021, 2020 and 2019. The supplemental statement of cash flows is presented without effects of the Consolidated Funds.
 As of December 31, 2021
 Consolidated
Operating
Entities
Consolidated
Funds
EliminationsConsolidated
 (Dollars in millions)
Assets
Cash and cash equivalents$2,469.5 $— $— $2,469.5 
Cash and cash equivalents held at Consolidated Funds— 147.8 — 147.8 
Restricted cash5.6 — — 5.6 
Investments, including performance allocations of $8,133.0
11,022.5 — (190.5)10,832.0 
Investments of Consolidated Funds— 6,661.0 — 6,661.0 
Due from affiliates and other receivables, net384.9 — (5.3)379.6 
Due from affiliates and other receivables of Consolidated Funds, net— 138.8 — 138.8 
Fixed assets, net143.9 — — 143.9 
Lease right-of-use assets, net361.1 — — 361.1 
Deposits and other61.3 0.4 — 61.7 
Intangible assets, net34.9 — — 34.9 
Deferred tax assets14.5 — — 14.5 
Total assets$14,498.2 $6,948.0 $(195.8)$21,250.4 
Liabilities and equity
Debt obligations$2,071.6 $— $— $2,071.6 
Loans payable of Consolidated Funds— 5,890.0 — 5,890.0 
Accounts payable, accrued expenses and other liabilities379.7 — — 379.7 
Accrued compensation and benefits4,955.0 — — 4,955.0 
Due to affiliates388.1 — — 388.1 
Deferred revenue120.8 — — 120.8 
Deferred tax liabilities487.1 — — 487.1 
Other liabilities of Consolidated Funds— 684.0 (0.1)683.9 
Lease liabilities537.8 — — 537.8 
Accrued giveback obligations30.2 — — 30.2 
Total liabilities8,970.3 6,574.0 (0.1)15,544.2 
Common stock3.6 — — 3.6 
Additional paid-in capital2,717.6 198.6 (198.6)2,717.6 
Retained earnings2,805.3 — — 2,805.3 
Accumulated other comprehensive income (loss)(245.7)(4.7)2.9 (247.5)
Non-controlling interests in consolidated entities247.1 180.1 — 427.2 
Total equity5,527.9 374.0 (195.7)5,706.2 
Total liabilities and equity$14,498.2 $6,948.0 $(195.8)$21,250.4 
As of December 31, 2020
 Consolidated
Operating
Entities
Consolidated
Funds
EliminationsConsolidated
 (Dollars in millions)
Assets
Cash and cash equivalents$987.6 $— $— $987.6 
Cash and cash equivalents held at Consolidated Funds— 148.6 — 148.6 
Restricted cash2.0 — — 2.0 
Investments, including performance allocations of $4,968.6 million
7,551.7 — (170.8)7,380.9 
Investments of Consolidated Funds— 6,056.9 — 6,056.9 
Due from affiliates and other receivables, net278.9 — (6.4)272.5 
Due from affiliates and other receivables of Consolidated Funds, net— 89.1 — 89.1 
Fixed assets, net149.2 — — 149.2 
Lease right-of-use assets, net361.1 — — 361.1 
Deposits and other51.7 — — 51.7 
Intangible assets, net48.7 — — 48.7 
Deferred tax assets96.5 — — 96.5 
Total assets$9,527.4 $6,294.6 $(177.2)$15,644.8 
Liabilities and equity
Debt obligations$1,970.9 $— $— $1,970.9 
Loans payable of Consolidated Funds— 5,563.0 — 5,563.0 
Accounts payable, accrued expenses and other liabilities286.3 — — 286.3 
Accrued compensation and benefits3,222.6 — — 3,222.6 
Due to affiliates436.7 — — 436.7 
Deferred revenue89.0 — — 89.0 
Deferred tax liabilities57.8 — — 57.8 
Other liabilities of Consolidated Funds— 556.1 — 556.1 
Lease liabilities513.5 — — 513.5 
Accrued giveback obligations18.7 — — 18.7 
Total liabilities6,595.5 6,119.1 — 12,714.6 
Common stock3.5 — — 3.5 
Additional paid-in capital2,546.2 167.6 (167.6)2,546.2 
Retained earnings348.2 — — 348.2 
Accumulated other comprehensive loss(205.8)6.7 (9.6)(208.7)
Non-controlling interests in consolidated entities239.8 1.2 — 241.0 
Total equity2,931.9 175.5 (177.2)2,930.2 
Total liabilities and equity$9,527.4 $6,294.6 $(177.2)$15,644.8 
Supplemental results of operations
 Year Ended December 31, 2021
 Consolidated
Operating
Entities
Consolidated
Funds
EliminationsConsolidated
 (Dollars in millions)
Revenues
Fund management fees$1,691.5 $— $(24.0)$1,667.5 
Incentive fees48.8 — — 48.8 
Investment income
Performance allocations6,084.6 — — 6,084.6 
Principal investment income666.0 — (28.7)637.3 
Total investment income6,750.6 — (28.7)6,721.9 
Interest and other income112.7 — (22.0)90.7 
Interest and other income of Consolidated Funds— 253.2 — 253.2 
Total revenues8,603.6 253.2 (74.7)8,782.1 
Expenses
Compensation and benefits
Cash-based compensation and benefits908.0 — — 908.0 
Equity-based compensation163.1 — — 163.1 
Performance allocations and incentive fee related compensation2,961.0 — — 2,961.0 
Total compensation and benefits4,032.1 — — 4,032.1 
General, administrative and other expenses431.9 — (0.2)431.7 
Interest113.3 — — 113.3 
Interest and other expenses of Consolidated Funds— 217.8 (39.3)178.5 
Other non-operating expenses1.5 — — 1.5 
Total expenses4,578.8 217.8 (39.5)4,757.1 
Other income
Net investment gains of Consolidated Funds— 2.5 — 2.5 
Income before provision for income taxes4,024.8 37.9 (35.2)4,027.5 
Provision for income taxes982.3 — — 982.3 
Net income3,042.5 37.9 (35.2)3,045.2 
Net income attributable to non-controlling interests in consolidated entities67.8 — 2.7 70.5 
Net income attributable to The Carlyle Group Inc.$2,974.7 $37.9 $(37.9)$2,974.7 


 Year Ended December 31, 2020
 Consolidated
Operating
Entities
Consolidated
Funds
EliminationsConsolidated
 (Dollars in millions)
Revenues
Fund management fees$1,513.6 $— $(27.6)$1,486.0 
Incentive fees37.0 — — 37.0 
Investment income
Performance allocations1,635.9 — — 1,635.9 
Principal investment loss(546.4)— 5.7 (540.7)
Total investment income1,089.5 — 5.7 1,095.2 
Interest and other income101.6 — (12.0)89.6 
Interest and other income of Consolidated Funds— 226.8 — 226.8 
Total revenues2,741.7 226.8 (33.9)2,934.6 
Expenses
Compensation and benefits
Cash-based compensation and benefits849.6 — — 849.6 
Equity-based compensation105.0 — — 105.0 
Performance allocations and incentive fee related compensation779.1 — — 779.1 
Total compensation and benefits1,733.7 — — 1,733.7 
General, administrative and other expenses349.3 — — 349.3 
Interest94.0 — — 94.0 
Interest and other expenses of Consolidated Funds— 206.2 (42.7)163.5 
Other non-operating income(7.2)— — (7.2)
Total expenses2,169.8 206.2 (42.7)2,333.3 
Other income (loss)
Net investment losses of Consolidated Funds— (21.3)— (21.3)
Income (loss) before provision for income taxes571.9 (0.7)8.8 580.0 
Provision for income taxes197.2 — — 197.2 
Net income (loss)374.7 (0.7)8.8 382.8 
Net income attributable to non-controlling interests in consolidated entities26.5 — 8.1 34.6 
Net income (loss) attributable to The Carlyle Group Inc.348.2 (0.7)0.7 348.2 

 
 Year Ended December 31, 2019
 Consolidated
Operating
Entities
Consolidated
Funds
EliminationsConsolidated
 (Dollars in millions)
Revenues
Fund management fees$1,497.7 $— $(21.5)$1,476.2 
Incentive fees35.9 — — 35.9 
Investment income
Performance allocations799.1 — — 799.1 
Principal investment income755.0 — 14.3 769.3 
Total investment income1,554.1 — 14.3 1,568.4 
Interest and other income123.6 — (26.3)97.3 
Interest and other income of Consolidated Funds— 199.2 — 199.2 
Total revenues3,211.3 199.2 (33.5)3,377.0 
Expenses
Compensation and benefits
Cash-based compensation and benefits833.4 — — 833.4 
Equity-based compensation140.0 — — 140.0 
Performance allocations and incentive fee related compensation436.7 — — 436.7 
Total compensation and benefits1,410.1 — — 1,410.1 
General, administrative and other expenses494.4 — — 494.4 
Interest82.1 — — 82.1 
Interest and other expenses of Consolidated Funds— 165.6 (33.8)131.8 
Other non-operating expenses1.3 — — 1.3 
Total expenses1,987.9 165.6 (33.8)2,119.7 
Other income (loss)
Net investment losses of Consolidated Funds— (23.9)— (23.9)
Income before provision for income taxes1,223.4 9.7 0.3 1,233.4 
Provision for income taxes49.0 — — 49.0 
Net income1,174.4 9.7 0.3 1,184.4 
Net income attributable to non-controlling interests in consolidated entities26.6 — 10.0 36.6 
Net income attributable to Carlyle Holdings1,147.8 9.7 (9.7)1,147.8 
Net loss attributable to non-controlling interests in Carlyle Holdings766.9 — — 766.9 
Net income attributable to The Carlyle Group L.P.380.9 9.7 (9.7)380.9 
Net income attributable to Series A Preferred Unitholders19.1 — — 19.1 
Series A Preferred Units redemption premium16.5 — — 16.5 
Net income attributable to The Carlyle Group L.P. Common Unitholders$345.3 $9.7 $(9.7)$345.3 
Supplemental statement of cash flows
 Year Ended December 31,
 202120202019
 (Dollars in millions)
Cash flows from operating activities
Net income$3,042.5 $374.7 $1,174.4 
Adjustments to reconcile net income (loss) to net cash flows from operating activities:
Depreciation and amortization52.0 52.1 65.6 
Equity-based compensation163.1 105.0 140.0 
Right-of-use asset impairment, net of broker fees24.8 — — 
Non-cash performance allocations and incentive fees(1,670.7)(631.8)(271.8)
Non-cash principal investment income(628.9)568.0 (647.9)
Other non-cash amounts29.1 (2.9)24.8 
Purchases of investments(384.5)(397.4)(350.2)
Proceeds from the sale of investments708.3 332.1 421.0 
Payments of contingent consideration(48.0)— — 
Change in deferred taxes, net508.4 134.5 13.9 
Change in due from affiliates and other receivables(25.1)1.2 49.8 
Change in deposits and other(12.5)(2.0)(6.0)
Change in accounts payable, accrued expenses and other liabilities105.7 (4.0)(43.7)
Change in accrued compensation and benefits239.0 210.1 51.5 
Change in due to affiliates0.2 (29.2)24.7 
Change in lease right-of-use asset and lease liability4.5 (9.8)(16.9)
Change in deferred revenue35.1 16.2 (37.9)
Net cash provided by operating activities2,143.0 716.8 591.3 
Cash flows from investing activities
Purchases of fixed assets, net(41.4)(61.2)(27.8)
Proceeds from sale of MRE, net of cash sold5.9 — — 
Proceeds from sale of Brazil management entity, net of cash sold3.3 — — 
Net cash used in investing activities(32.2)(61.2)(27.8)
Cash flows from financing activities
Borrowings under credit facilities70.0 294.1 92.7 
Repayments under credit facilities(70.0)(329.9)(56.9)
Issuance of 3.500% senior notes due 2029, net of financing costs
— — 420.6 
Issuance of 4.625% subordinated notes due 2061, net of financing costs
484.1 — — 
Repurchase of 3.875% senior notes due 2023
(259.9)— — 
Repayment of term loan— — (25.0)
Proceeds from debt obligations111.7 20.5 41.0 
Payments on debt obligations(232.5)(3.8)(45.2)
Payments of contingent consideration(0.1)(0.3)(0.2)
Redemption of preferred units— — (405.4)
Dividends to common stockholders(355.8)(351.3)(154.8)
Distributions to preferred unitholders— — (17.6)
Distributions to non-controlling interest holders in Carlyle Holdings— — (313.4)
Payment of deferred consideration for Carlyle Holdings units(68.8)(68.8)— 
Contributions from non-controlling interest holders19.4 31.0 57.8 
Distributions to non-controlling interest holders(74.5)(76.8)(62.3)
Common shares issued for carry distributed in shares program4.8 — — 
Common shares repurchased(161.8)(26.4)(34.5)
Change in due to/from affiliates financing activities(68.7)0.7 129.3 
Net cash used in financing activities(602.1)(511.0)(373.9)
Effect of foreign exchange rate changes(23.2)17.0 0.1 
Increase in cash, cash equivalents and restricted cash1,485.5 161.6 189.7 
Cash, cash equivalents and restricted cash, beginning of period989.6 828.0 638.3 
Cash, cash equivalents and restricted cash, end of period$2,475.1 $989.6 $828.0 
Reconciliation of cash, cash equivalents and restricted cash, end of period:
Cash and cash equivalents$2,469.5 $987.6 $793.4 
Restricted cash5.6 2.0 34.6 
Total cash, cash equivalents and restricted cash, end of period$2,475.1 $989.6 $828.0