XML 20 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues        
Fund management fees $ 238,800,000 $ 272,500,000 $ 485,100,000 $ 562,000,000
Performance fees        
Realized 357,700,000 389,900,000 440,900,000 521,700,000
Unrealized 185,900,000 (179,000,000) 784,300,000 (165,600,000)
Total performance fees 543,600,000 210,900,000 1,225,200,000 356,100,000
Investment income        
Realized 26,700,000 38,900,000 26,500,000 51,500,000
Unrealized 32,300,000 26,400,000 78,800,000 4,200,000
Total investment income 59,000,000 65,300,000 105,300,000 55,700,000
Interest and other income 5,600,000 5,000,000 16,000,000 9,700,000
Interest and other income of Consolidated Funds 45,000,000 35,900,000 87,900,000 64,800,000
Revenue of a consolidated real estate VIE 16,400,000 18,400,000 109,000,000 42,800,000
Total revenues 908,400,000 608,000,000 2,028,500,000 1,091,100,000
Compensation and benefits        
Base compensation 151,000,000 149,900,000 297,000,000 316,200,000
Equity-based compensation 88,000,000 109,000,000 160,800,000 184,400,000
Performance fee related        
Realized 166,700,000 172,400,000 212,500,000 234,000,000
Unrealized 90,400,000 (75,900,000) 361,700,000 (68,000,000)
Total compensation and benefits 496,100,000 355,400,000 1,032,000,000 666,600,000
General, administrative and other expenses 95,800,000 91,400,000 189,600,000 173,700,000
Interest 16,500,000 15,400,000 31,500,000 30,700,000
Interest and other expenses of Consolidated Funds 78,500,000 31,600,000 123,700,000 55,000,000
Interest and other expenses of a consolidated real estate VIE 18,400,000 52,400,000 138,000,000 75,800,000
Other non-operating expenses 100,000 700,000 100,000 4,500,000
Total expenses 705,400,000 546,900,000 1,514,900,000 1,006,300,000
Other income        
Net investment gains (losses) of Consolidated Funds 40,700,000 6,700,000 57,800,000 (1,700,000)
Income before provision for income taxes 243,700,000 67,800,000 571,400,000 83,100,000
Provision for income taxes 13,200,000 24,300,000 19,000,000 31,700,000
Net income 230,500,000 43,500,000 552,400,000 51,400,000
Net income (loss) attributable to non-controlling interests in consolidated entities 16,500,000 1,600,000 19,800,000 (700,000)
Net income attributable to Carlyle Holdings 214,000,000 41,900,000 532,600,000 52,100,000
Net income attributable to non-controlling interests in Carlyle Holdings 156,400,000 35,800,000 392,000,000 37,600,000
Net income attributable to The Carlyle Group L.P. $ 57,600,000 $ 6,100,000 $ 140,600,000 $ 14,500,000
Net income attributable to The Carlyle Group L.P. per common unit        
Basic (usd per share) $ 0.65 $ 0.07 $ 1.61 $ 0.18
Diluted (usd per share) $ 0.59 $ 0.07 $ 1.49 $ 0.09
Weighted-average common units        
Basic (in shares) 88,801,343 81,683,415 87,079,007 81,284,238
Diluted (in shares) 96,986,255 85,849,938 94,486,422 304,176,760
Distributions declared per common unit (usd per share) $ 0.10 $ 0.26 $ 0.26 $ 0.55