| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | |||||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | |||||||||
1,184 | 328 | 1,007 | 15 | 400 | 915 | 1,347 | 2,399 | 1,154 | 1,459 |
Adjustments to reconcile net income (loss) to net cash flows from operating activities: | |||||||||
Depreciation and amortization | |||||||||
65 | 46 | 41 | 72 | 322 | 192 | 163 | 107 | 83 | 24 |
Amortization of deferred financing fees | |||||||||
- | - | - | - | - | - | - | - | 1 | 1 |
Equity-based compensation | |||||||||
140 | 239 | 320 | 334 | 378 | 344 | 322 | 201 | - | - |
Non-cash performance allocations and incentive fees | |||||||||
271 | -25 | 626 | -199 | -455 | 572 | 1,525 | 192 | -62 | 1,344 |
Unrealized Principal Investment Income (Loss) | |||||||||
673 | 179 | 227 | - | - | - | - | - | - | - |
Excess tax benefits related to equity-based compensation | |||||||||
- | - | - | - | 4 | 2 | 1 | 0 | - | - |
Non-cash equity issued for affiliate debt financing | |||||||||
- | - | - | - | - | - | - | - | - | 214 |
Other non-cash amounts | |||||||||
-24 | -3 | 74 | 41 | -12 | 1 | -9 | 8 | 31 | -25 |
Loss on early extinguishment of debt | |||||||||
- | - | - | - | - | - | - | - | - | 2 |
Consolidated Funds related: | |||||||||
Realized/unrealized (gain) loss on investments of Consolidated Funds | |||||||||
-18 | -108 | 27 | 51 | 458 | 785 | 1,369 | 2,571 | -284 | 502 |
Realized/unrealized (gain) loss from loans payable of Consolidated Funds | |||||||||
-5 | 113 | 61 | -40 | 436 | 11 | -695 | -926 | -56 | 752 |
Purchases of investments by Consolidated Funds | |||||||||
2,239 | 3,723 | 2,875 | 2,739 | 10,472 | 10,566 | 11,555 | 7,176 | 6,818 | 3,254 |
Proceeds from sale and settlements of investments by Consolidated Funds | |||||||||
2,112 | 2,662 | 2,649 | 1,282 | 11,653 | 10,685 | 11,631 | 8,530 | 7,970 | 5,432 |
Non-cash interest income, net | |||||||||
3 | 4 | 5 | 5 | -3 | 26 | 81 | 80 | 96 | 113 |
Change in cash and cash equivalents held at Consolidated Funds | |||||||||
-50 | -399 | -383 | -513 | -1,281 | -2,516 | -2,419 | -1,274 | -243 | -149 |
Change in other receivables held at Consolidated Funds | |||||||||
-61 | 95 | 16 | -1 | -534 | 414 | 228 | -41 | -8 | 58 |
Change in other liabilities held at Consolidated Funds | |||||||||
-229 | -59 | -266 | 268 | 48 | 63 | -120 | -1,038 | -142 | 126 |
Other non-cash amounts of Consolidated Funds | |||||||||
0 | 0 | 0 | 17 | 0 | 0 | - | - | - | - |
Deconsolidation of ESG | |||||||||
- | - | - | 34 | 0 | 0 | - | - | - | - |
Purchases of investments | |||||||||
312 | 473 | 888 | - | - | - | - | - | 6 | 19 |
Payments To Acquire Equity Method Investments, Operating Activities | |||||||||
0 | 393 | 0 | - | - | - | - | - | - | - |
Proceeds from the sale of investments | |||||||||
389 | 893 | 467 | 299 | 313 | 544 | 294 | 215 | 300 | 41 |
Principal investment income | |||||||||
- | - | - | 154 | 0 | -14 | 4 | 32 | 82 | 69 |
Purchases of investments | |||||||||
- | - | - | 368 | 91 | 221 | 93 | 540 | 128 | 95 |
Purchase of investment in Fortitude Re | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Payments of contingent consideration | |||||||||
0 | 37 | 22 | 82 | 17 | 59 | 0 | 0 | - | - |
Deconsolidation of Claren Road | |||||||||
0 | 0 | 23 | 0 | 0 | - | - | - | - | - |
Deconsolidation of Urbplan (see Note 16) | |||||||||
0 | 0 | -14 | 0 | 0 | - | - | - | - | - |
Proceeds from sale of trading securities | |||||||||
- | - | - | - | - | - | - | - | 0 | 7 |
Changes in deferred taxes, net | |||||||||
-13 | 19 | -93 | 4 | 31 | -10 | -44 | 9 | 19 | -2 |
Change in due from affiliates and other receivables | |||||||||
-49 | 74 | -0 | 10 | 1 | 4 | 7 | -10 | -16 | -14 |
Change in receivables and inventory of a real estate VIE | |||||||||
0 | 0 | 14 | -29 | 57 | 0 | -10 | 0 | - | - |
Change in deposits and other | |||||||||
6 | 4 | 2 | -5 | 10 | 10 | -9 | -9 | 16 | 20 |
Change in other assets of a real estate VIE | |||||||||
0 | 0 | -1 | -41 | 17 | 25 | -4 | 0 | - | - |
Change in accounts payable, accrued expenses and other liabilities | |||||||||
-43 | 78 | 50 | 66 | 62 | -23 | 46 | 3 | -51 | 41 |
Change in accrued compensation and benefits | |||||||||
51 | 60 | -13 | 6 | -35 | 155 | 935 | -5 | -91 | 121 |
Change in due to affiliates | |||||||||
24 | -35 | 35 | -19 | 21 | -81 | 96 | -23 | 29 | -5 |
Change in lease right-of-use assets and lease liabilities | |||||||||
-16 | 0 | 0 | - | - | - | - | - | - | - |
Change in other liabilities of a real estate VIE | |||||||||
0 | 0 | 47 | 34 | 101 | -24 | -32 | 0 | - | - |
Change in deferred revenue | |||||||||
-37 | 21 | 24 | 18 | -50 | 36 | 0 | -30 | -110 | -7 |
Net cash provided by operating activities | |||||||||
358 | -343 | -7 | -300 | 3,902 | 2,645 | 2,994 | 2,028 | 2,678 | 2,877 |
Cash flows from investing activities | |||||||||
Change in restricted cash | |||||||||
- | - | - | - | -40 | -69 | 95 | 9 | 8 | 0 |
Purchases of fixed assets, net | |||||||||
27 | 31 | 34 | 25 | 62 | 29 | 29 | 32 | 34 | 21 |
Purchases of intangible assets | |||||||||
- | - | - | - | - | - | - | 41 | 8 | 58 |
Acquisitions, net of cash acquired | |||||||||
0 | 67 | 0 | 0 | - | 3 | 10 | 42 | 53 | - |
Net cash used in investing activities | |||||||||
-27 | -99 | -34 | -25 | -21 | 37 | -135 | -126 | -104 | -185 |
Cash flows from financing activities | |||||||||
Net proceeds from issuance of common units, net of offering costs | |||||||||
- | - | - | - | 209 | 449 | 0 | 615 | - | - |
Proceeds from issuance of preferred units, net of offering costs and expenses | |||||||||
0 | 0 | 387 | 0 | 0 | - | - | - | - | - |
Redemption of Preferred Units | |||||||||
405 | 0 | 0 | - | - | - | - | - | - | - |
Borrowings under credit facilities | |||||||||
92 | 0 | 250 | 0 | 0 | - | - | 820 | 520 | - |
Repayments of Long-term Lines of Credit | |||||||||
56 | 0 | 250 | 0 | 0 | - | 386 | 744 | 209 | - |
Issuance of senior notes, net of financing costs | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Repurchase of 3.875% senior notes due 2023 | |||||||||
0 | 255 | 0 | 0 | - | - | - | - | - | - |
Repayment of term loan | |||||||||
25 | 0 | 0 | - | - | - | - | - | - | - |
Issuance of 3.875% senior notes due 2023, net of financing costs | |||||||||
- | - | - | - | - | - | 495 | 0 | - | - |
Issuance of 5.625% senior notes due 2043, net of financing costs | |||||||||
- | - | - | - | - | - | 394 | 0 | - | - |
Proceeds from loans payable | |||||||||
- | - | - | - | - | - | 17 | 0 | - | 994 |
Proceeds from Issuance of Debt | |||||||||
41 | 40 | 265 | 20 | 0 | 210 | - | - | - | - |
Payments on debt obligations | |||||||||
45 | 156 | 21 | 9 | 0 | 0 | 475 | 310 | 307 | 411 |
Net payments on loans payable of a real estate VIE | |||||||||
0 | 0 | -14 | -34 | -65 | -34 | -1 | 0 | - | - |
Net borrowings (payments) on loans payable of Consolidated Funds | |||||||||
224 | 818 | 147 | 594 | 734 | -1,033 | -1,595 | 1,415 | 1,204 | 2,280 |
Payments of contingent consideration | |||||||||
0 | 0 | 0 | 3 | 8 | 39 | 23 | 10 | - | - |
Dividends to common stockholders | |||||||||
154 | 129 | 118 | 140 | 251 | 102 | 59 | 11 | - | - |
Distributions to preferred unitholders | |||||||||
17 | 23 | 6 | 0 | 0 | - | - | - | - | - |
Distributions to non-controlling interest holders in Carlyle Holdings | |||||||||
313 | 288 | 295 | 422 | 848 | 486 | 372 | 96 | - | - |
Excess tax benefits related to equity-based compensation | |||||||||
- | - | - | - | 4 | 2 | 1 | 0 | - | - |
Contributions from predecessor owners | |||||||||
- | - | - | - | - | - | - | 9 | 15 | 46 |
Distributions to predecessor owners | |||||||||
- | - | - | - | - | - | - | 452 | 1,498 | 787 |
Contributions from non-controlling interest holders | |||||||||
57 | 31 | 119 | 113 | 2,376 | 2,203 | 2,474 | 2,044 | 1,251 | 48 |
Distributions to non-controlling interest holders | |||||||||
- | - | - | - | 5,267 | 4,190 | 3,038 | 2,310 | 1,312 | - |
Distributions to non-controlling interest holders | |||||||||
62 | 105 | 118 | 109 | 209 | 303 | 7 | 0 | - | 157 |
Common shares repurchased | |||||||||
34 | 107 | 0 | 58 | 0 | 0 | - | - | - | - |
Change in due to/from affiliates financing activities | |||||||||
-129 | 97 | 26 | -66 | 62 | 38 | -17 | -0 | -39 | -16 |
Change in due to/from affiliates and other receivables of Consolidated Funds | |||||||||
- | - | - | - | 623 | -1,069 | -55 | -18 | -27 | 0 |
Effect of foreign exchange rate changes | |||||||||
8 | -19 | 67 | -15 | -120 | -113 | 44 | -3 | -1 | -29 |
Net cash provided by financing activities | |||||||||
-149 | 72 | 318 | 15 | -4,011 | -2,293 | -2,503 | -1,841 | -2,679 | -2,533 |
Increase in cash, cash equivalents and restricted cash | |||||||||
189 | -390 | 344 | -326 | -250 | 275 | 399 | 57 | -107 | 128 |
Supplemental cash disclosures | |||||||||
Cash paid for interest | |||||||||
63 | 60 | 59 | 59 | 56 | 51 | 28 | 24 | 59 | 15 |
Cash paid for income taxes | |||||||||
30 | 46 | 24 | 35 | 41 | 58 | 50 | 56 | 30 | 24 |
Supplemental non-cash disclosures | |||||||||
Net increase in partners’ capital and accumulated other comprehensive income related to reallocation of ownership interest in Carlyle Holdings | |||||||||
60 | 18 | 24 | 13 | 21 | 30 | 13 | 0 | - | - |
Net assets related to consolidation of the CLOs | |||||||||
- | - | - | - | - | - | - | 357 | - | - |
Non-cash contributions from predecessor owners | |||||||||
- | - | - | - | - | - | - | - | - | 5 |
Non-cash distributions to predecessor owners | |||||||||
- | - | - | - | - | - | - | 402 | -51 | 522 |
Non-cash contributions from non-controlling interest holders | |||||||||
- | - | - | 6 | 0 | 4 | 1 | 127 | 95 | 4 |
Non-cash distributions to non-controlling interest holders | |||||||||
-22 | -13 | 0 | 0 | - | - | 3 | 77 | 119 | - |
Net decrease to partners’ capital from deferred consideration for Carlyle Holdings units, net of tax (see Note 10) | |||||||||
-252 | 0 | 0 | - | - | - | - | - | - | - |
Net asset impact of deconsolidation of Consolidated Funds | |||||||||
-24 | 0 | 0 | -7,170 | 0 | 0 | - | - | - | - |
Increase to partners capital from acquisition of non-controlling interests in consolidated entities | |||||||||
- | - | - | - | - | - | 3 | 0 | - | - |
Initial consolidation of Consolidated Funds | |||||||||
- | - | - | - | 63 | 0 | 69 | 5 | - | - |
Tax effect from acquisition of Carlyle Holdings partnership units: | |||||||||
Deferred tax asset | |||||||||
6 | 12 | 38 | 3 | 59 | - | - | - | - | - |
Deferred tax liability | |||||||||
- | - | - | - | 2 | - | - | - | - | - |
Tax receivable agreement liability | |||||||||
5 | 10 | 30 | 2 | 51 | - | - | - | - | - |
Total partners’ capital | |||||||||
1 | 1 | 8 | 0 | 5 | - | - | - | - | - |
Transfer of partners capital to non-controlling interests in consolidated entities | |||||||||
- | - | - | - | - | - | - | 120 | - | - |
Deferred taxes from transfer of ownership interests | |||||||||
- | - | - | - | - | - | - | 9 | - | - |
Senior Notes 3.500% Due 2029 [Member] | |||||||||
Issuance of senior notes, net of financing costs | |||||||||
420 | 0 | 0 | - | - | - | - | - | - | - |
5.650% Senior Notes Due 2048 [Member] | |||||||||
Issuance of senior notes, net of financing costs | |||||||||
0 | 345 | 0 | - | - | - | - | - | - | - |