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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities:      
Net income (loss) $ 23,385 $ (56,235) $ 4,655,997
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Equity-based compensation 654,922 627,714 0
Performance allocation compensation 591,676 416,556 0
Net (gains) losses from investment activities (6,564) 110,131 (353,219)
Capital allocation-based income (855,285) (756,252) (3,998,483)
Other non-cash activities 100,628 29,939 45,729
Unrealized gains from investment activities of consolidated TPG Funds and Public SPACs (667) (12,382) (235,214)
Changes in operating assets and liabilities:      
Due from affiliates 41,268 (42,378) (42,826)
Accounts payable and accrued expenses (231,542) (14,235) 51,148
Due to affiliates (161,833) (12,528) 11,129
Accrued performance allocation compensation (505,024) (672,375) 0
Net cash provided by operating activities 720,518 1,375,878 1,474,820
Investing activities:      
Acquisitions, net of cash acquired (Note 3) (356,835) 0 24,817
Repayments of notes receivable from affiliates 0 14,937 23,282
Advances on notes receivable from affiliates 0 (15,500) (9,053)
Purchases of fixed assets (16,728) (2,449) (1,791)
Transfers related to Reorganization Activities 0 0 (75,000)
Net cash used in investing activities (373,563) (3,012) (37,745)
Financing activities:      
Proceeds from issuance of common stock in IPO, net of underwriting and issuance costs 0 770,865 0
Proceeds from issuance of common stock from underwriters' exercise of over-allotment option, net of underwriting and issuance costs 0 49,756 0
Purchase of partnership interests with IPO proceeds 0 (379,597) 0
Reorganization activities 0 2,124 0
Proceeds from debt obligations 651,000 30,000 200,000
Repayment of debt obligations (150,000) (30,000) (50,000)
Issuance costs on debt obligations (900) 0 (520)
Withholding taxes paid on net settlement of equity-based awards (6,878) 0 0
Dividends/Distributions (643,224) (662,812) 0
Distributions to partners prior to Reorganization and IPO 0 (355,282) (1,066,680)
Redemption of redeemable equity (661,001) (352,014) (304,760)
Net cash used in financing activities (789,234) (1,238,080) (1,322,566)
Net change in cash, cash equivalents and restricted cash (442,279) 134,786 114,509
Cash, cash equivalents and restricted cash, beginning of period 1,120,650 985,864 871,355
Cash, cash equivalents and restricted cash, end of period 678,371 1,120,650 985,864
Supplemental disclosures of other cash flow information:      
Cash paid for income taxes 51,130 48,327 8,548
Cash paid for interest 33,549 18,352 15,728
Supplemental disclosures of non-cash operating activities:      
Investment in equity method investments 0 0 (3,138)
In-kind proceeds from investments 0 0 36,334
Increase in due from affiliates 0 0 (3,045)
Supplemental disclosures of non-cash investing and financing activities:      
Reorganization 0 0 (952,411)
NewQuest contingent consideration 0 0 8,400
Common Units 0 0 24,600
Distributions in-kind to holders of other non-controlling interests 0 0 (33,197)
Distributions payable to partners 0 0 352,722
Distributions payable to holders of other non-controlling interests 17,779 3,964 355,282
Repayments of notes receivable to affiliates 0 0 3,045
Reconciliation of cash, cash equivalents and restricted cash, end of period:      
Cash and cash equivalents 665,188 1,107,484 972,729
Restricted cash 13,183 [1] 13,166 [1] 13,135
Cash, cash equivalents and restricted cash, end of period 678,371 1,120,650 985,864
Consolidated Entity, Excluding VIE      
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Net (gains) losses from investment activities (6,564) 110,131 (353,219)
Changes in operating assets and liabilities:      
Purchases of investments (303,118) (109,093) (173,885)
Investments 798,478 1,567,684 2,179,064
Other assets (44,475) (35,893) (22,586)
Other liabilities (40,283) (22,515) (26,931)
Financing activities:      
Purchase of partnership interests with IPO proceeds 0 (318,942) (1,009,242)
Contributions from holders of other non-controlling interests 21,769 7,822 4,636
Reconciliation of cash, cash equivalents and restricted cash, end of period:      
Cash and cash equivalents 665,188 1,107,484  
Variable Interest Entity, Not Primary Beneficiary      
Changes in operating assets and liabilities:      
Purchases of investments 0 0 (216,657)
Investments 0 0 218,695
Other assets 457 18,611 (12,583)
Other liabilities (237) (7,537) 19,884
Cash and cash equivalents 5,097 274 5,839
Assets held in Trust Accounts 653,635 346,392 (630,281)
Financing activities:      
Proceeds from issuance of common stock in IPO, net of underwriting and issuance costs 0 0 935,000
Purchase of partnership interests with IPO proceeds 0 0 (12,840)
Payments of underwriting and offering costs 0 0 (18,700)
Proceeds from Noncontrolling Interests 0 0 540
Supplemental disclosures of non-cash investing and financing activities:      
Deferred underwriting related to Public SPACs 22,750 12,250 $ (35,441)
Reconciliation of cash, cash equivalents and restricted cash, end of period:      
Cash and cash equivalents [1] $ 0 $ 5,097  
[1] The Company’s consolidated total assets and liabilities as of December 31, 2023 and December 31, 2022 include assets and liabilities of variable interest entities (“VIEs”). The assets can be used only to satisfy obligations of the VIEs, and the creditors of the VIEs have recourse only to these assets, and not to TPG Inc. These amounts include the assets and liabilities of consolidated Public SPACs, restricted cash, assets pledged of securitization vehicles, secured borrowings of securitization vehicles, and redeemable equity of consolidated Public SPACs. See Notes 2, 11, 12 and 15 to the Consolidated Financial Statements