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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities      
Net income $ 1,284.7 $ 3,045.2 $ 382.8
Adjustments to reconcile net income to net cash flows from operating activities:      
Depreciation and amortization 147.4 52.0 52.1
Right-of-use asset impairment, net of broker fees 0.0 24.8 0.0
Equity-based compensation 154.0 163.1 105.0
Non-cash performance allocations and incentive fees, net 393.6 (1,670.7) (631.8)
Non-cash principal investment (income) loss (553.4) (618.5) 534.4
Other non-cash amounts (10.3) 29.1 (2.9)
Consolidated Funds related:      
Realized/unrealized (gain) loss on investments of Consolidated Funds 408.1 (76.6) 29.1
Realized/unrealized (gain) loss from loans payable of Consolidated Funds (366.6) 74.1 (7.8)
Purchases of investments by Consolidated Funds (3,826.2) (5,407.0) (3,140.0)
Proceeds from sale and settlements of investments by Consolidated Funds 2,860.4 4,888.7 2,013.8
Non-cash interest income, net (12.1) (11.8) (8.1)
Change in cash and cash equivalents held at Consolidated Funds (61.0) 30.3 13.9
Change in other receivables held at Consolidated Funds 19.3 (45.7) (5.4)
Change in other liabilities held at Consolidated Funds (336.8) 115.6 220.9
Other non-cash amounts of Consolidated Funds 0.1 0.0 0.5
Purchases of investments (629.9) (276.7) (271.3)
Purchase of investment in Fortitude Re 0.0 0.0 (79.6)
Proceeds from the sale of investments 474.9 668.4 307.5
Payments of contingent consideration (5.7) (48.0) 0.0
Changes in deferred taxes, net (73.2) 508.4 134.5
Change in due from affiliates and other receivables (82.5) (25.7) 1.9
Change in deposits and other (11.8) (12.5) (2.0)
Change in accounts payable, accrued expenses and other liabilities (14.3) 105.7 (4.0)
Change in accrued compensation and benefits (135.4) 239.0 210.1
Change in due to affiliates 1.7 0.2 (29.2)
Change in lease right-of-use assets and lease liabilities (8.8) 4.5 (9.8)
Change in deferred revenue 4.5 35.1 16.2
Net cash (used in) provided by operating activities (379.3) 1,791.0 (169.2)
Cash flows from investing activities      
Purchases of corporate treasury investments (69.6) 0.0 0.0
Proceeds from corporate treasury investments 50.0 0.0 0.0
Purchases of fixed assets, net (40.6) (41.4) (61.2)
Purchase of Abingworth, net of cash acquired (150.2) 0.0 0.0
Purchase of CBAM intangibles and investments (618.4) 0.0 0.0
Net cash used in investing activities (828.8) (32.2) (61.2)
Cash flows from financing activities      
Borrowings under credit facilities 0.0 70.0 294.1
Repayments under credit facilities 0.0 (70.0) (329.9)
Issuance of 4.625% subordinated notes due 2061, net of financing costs 0.0 484.1 0.0
Repurchase of 3.875% senior notes due 2023 0.0 (259.9) 0.0
Proceeds from CLO borrowings, net of financing costs 73.2 111.7 20.5
Payments on CLO borrowings (16.7) (232.5) (3.8)
Net borrowings on loans payable of Consolidated Funds 624.2 182.9 704.1
Payments of contingent consideration 0.0 (0.1) (0.3)
Dividends to common stockholders (443.6) (355.8) (351.3)
Payment of deferred consideration for Carlyle Holdings units (68.8) (68.8) (68.8)
Contributions from non-controlling interest holders 391.2 216.2 210.0
Distributions to non-controlling interest holders (216.8) (94.6) (77.8)
Common shares issued for performance allocations 38.9 4.8 0.0
Common shares repurchased (185.6) (161.8) (26.4)
Change in due to/from affiliates financing activities (81.2) (68.7) 0.7
Change in due to/from affiliates and other receivables of Consolidated Funds 0.0 0.0 (0.8)
Net cash provided by (used in) financing activities 114.8 (242.5) 370.3
Effect of foreign exchange rate changes (20.3) (30.8) 21.7
(Decrease) increase in cash, cash equivalents and restricted cash (1,113.6) 1,485.5 161.6
Cash, cash equivalents and restricted cash, beginning of period 2,475.1 989.6 828.0
Cash, cash equivalents and restricted cash, end of period 1,361.5 2,475.1 989.6
Supplemental cash disclosures      
Cash paid for interest 91.5 92.7 80.1
Cash paid for income taxes 402.1 402.6 35.4
Supplemental non-cash disclosures      
Tax effects from the conversion to a Corporation recorded in equity 0.0 0.0 40.1
Net asset impact of deconsolidation of Consolidated Funds (47.7) (34.4) (253.6)
Reconciliation of cash, cash equivalents and restricted cash, end of period:      
Cash and cash equivalents 1,360.7 2,469.5 987.6
Restricted cash 0.8 5.6 2.0
Total cash, cash equivalents and restricted cash, end of period 1,361.5 2,475.1 989.6
Cash and cash equivalents held at Consolidated Funds 209.0 147.8 148.6
Consolidated Operating Entities      
Cash flows from operating activities      
Net income 1,248.6 3,042.5 374.7
Adjustments to reconcile net income to net cash flows from operating activities:      
Depreciation and amortization 147.4 52.0 52.1
Right-of-use asset impairment, net of broker fees 0.0 24.8 0.0
Equity-based compensation 154.0 163.1 105.0
Non-cash performance allocations and incentive fees, net 387.5 (1,670.7) (631.8)
Non-cash principal investment (income) loss (501.5) (628.9) 568.0
Other non-cash amounts (10.3) 29.1 (2.9)
Consolidated Funds related:      
Purchases of investments (737.7) (384.5) (397.4)
Proceeds from the sale of investments 498.0 708.3 332.1
Payments of contingent consideration (5.7) (48.0) 0.0
Changes in deferred taxes, net (73.2) 508.4 134.5
Change in due from affiliates and other receivables (82.3) (25.1) 1.2
Change in deposits and other (11.8) (12.5) (2.0)
Change in accounts payable, accrued expenses and other liabilities (14.3) 105.7 (4.0)
Change in accrued compensation and benefits (135.4) 239.0 210.1
Change in due to affiliates 1.7 0.2 (29.2)
Change in lease right-of-use assets and lease liabilities (8.8) 4.5 (9.8)
Change in deferred revenue 4.5 35.1 16.2
Net cash (used in) provided by operating activities 860.7 2,143.0 716.8
Cash flows from investing activities      
Purchases of corporate treasury investments (69.6) 0.0 0.0
Proceeds from corporate treasury investments 50.0 0.0 0.0
Purchases of fixed assets, net (40.6) (41.4) (61.2)
Purchase of Abingworth, net of cash acquired (150.2) 0.0 0.0
Purchase of CBAM intangibles and investments (618.4) 0.0 0.0
Net cash used in investing activities (828.8) (32.2) (61.2)
Cash flows from financing activities      
Borrowings under credit facilities 0.0 70.0 294.1
Repayments under credit facilities 0.0 (70.0) (329.9)
Issuance of 4.625% subordinated notes due 2061, net of financing costs 0.0 484.1 0.0
Repurchase of 3.875% senior notes due 2023 0.0 (259.9) 0.0
Proceeds from CLO borrowings, net of financing costs 73.2 111.7 20.5
Payments on CLO borrowings (16.7) (232.5) (3.8)
Payments of contingent consideration 0.0 (0.1) (0.3)
Dividends to common stockholders (443.6) (355.8) (351.3)
Payment of deferred consideration for Carlyle Holdings units (68.8) (68.8) (68.8)
Contributions from non-controlling interest holders 9.2 19.4 31.0
Distributions to non-controlling interest holders (78.7) (74.5) (76.8)
Common shares issued for performance allocations 38.9 4.8 0.0
Common shares repurchased (185.6) (161.8) (26.4)
Change in due to/from affiliates financing activities (456.2) (68.7) 0.7
Net cash provided by (used in) financing activities (1,128.3) (602.1) (511.0)
Effect of foreign exchange rate changes (17.2) (23.2) 17.0
(Decrease) increase in cash, cash equivalents and restricted cash (1,113.6) 1,485.5 161.6
Cash, cash equivalents and restricted cash, beginning of period 2,475.1 989.6 828.0
Cash, cash equivalents and restricted cash, end of period 1,361.5 2,475.1 989.6
Supplemental non-cash disclosures      
Issuance of common shares related to the acquisition of CBAM and Abingworth 219.5 0.0 0.0
Reconciliation of cash, cash equivalents and restricted cash, end of period:      
Cash and cash equivalents 1,360.7 2,469.5 987.6
Restricted cash 0.8 5.6 2.0
Total cash, cash equivalents and restricted cash, end of period 1,361.5 2,475.1 989.6
MRE      
Cash flows from investing activities      
Proceeds from sale, net of cash sold 0.0 5.9 0.0
MRE | Consolidated Operating Entities      
Cash flows from investing activities      
Proceeds from sale, net of cash sold 0.0 5.9 0.0
Brazil management entity      
Cash flows from investing activities      
Proceeds from sale, net of cash sold 0.0 3.3 0.0
Brazil management entity | Consolidated Operating Entities      
Cash flows from investing activities      
Proceeds from sale, net of cash sold $ 0.0 $ 3.3 $ 0.0