Carlyle Group Inc. CG Cash Flow

Carlyle group inc. (CG)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
29	1,184	1,151	942	657	328	689	813	803	1,007	734	516	329	15	-147	-621	-196	400	337	1,044	1,063	915	1,802	1,594	1,376	1,347	803	1,426	1,332	2,399	2,976	1,747	1,882	1,154	0	0	0
Adjustments to reconcile net income (loss) to net cash flows from operating activities:
Depreciation and amortization
63	65	57	53	51	46	44	43	42	41	50	57	64	72	93	289	300	322	348	171	174	192	157	175	177	163	164	136	127	107	95	94	89	83	0	0	0
Amortization of deferred financing fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	1	1	1	0	0	0
Equity-based compensation
133	140	148	161	191	239	278	309	332	320	310	311	332	334	352	358	363	378	372	365	359	344	328	327	344	322	0	0	0	-	-	-	-	-	-	-	-
Non-cash performance allocations and incentive fees
-446	271	-9	26	70	-25	291	330	349	626	469	379	141	-199	37	-477	-723	-455	-554	12	402	572	1,308	1,527	1,496	1,525	811	650	189	192	192	-744	-102	-62	0	0	0
Unrealized Principal Investment Income (Loss)
121	673	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits related to equity-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	4	1	2	3	2	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other non-cash amounts
-4	-24	-7	-3	-7	-3	66	63	67	74	26	36	39	41	48	40	-34	-12	-61	-97	-17	1	2	45	30	-9	11	14	15	8	-3	32	12	31	0	0	0
Consolidated Funds related:
Realized/unrealized (gain) loss on investments of Consolidated Funds
-952	-18	-37	-49	-92	-108	-52	-44	-23	27	33	54	154	51	-266	-589	-185	458	457	903	887	785	1,511	1,214	1,257	1,369	1,191	2,129	2,138	2,571	2,499	851	1,074	-284	0	0	0
Realized/unrealized (gain) loss from loans payable of Consolidated Funds
829	-5	23	33	80	113	76	89	96	61	52	15	-118	-40	195	511	544	436	377	23	29	11	-282	-167	-375	-695	-793	-1,921	-1,471	-926	-919	-400	-420	-56	0	0	0
Purchases of investments by Consolidated Funds
2,736	2,239	2,208	2,414	3,123	3,723	3,659	3,497	3,094	2,875	3,161	2,943	3,110	2,739	4,602	7,546	8,654	10,472	9,824	9,628	10,286	10,566	10,880	10,325	11,039	11,555	10,956	9,759	8,524	7,176	6,579	6,878	6,702	6,818	0	0	0
Proceeds from sale and settlements of investments by Consolidated Funds
1,841	2,112	2,245	2,434	2,731	2,662	2,673	2,163	2,423	2,649	2,544	2,563	1,860	1,282	3,167	7,194	9,838	11,653	12,240	10,134	9,876	10,685	10,520	10,897	11,251	11,631	11,037	10,432	9,711	8,530	8,110	8,033	7,994	7,970	0	0	0
Non-cash interest income, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash interest income, net
-	-	-	-	-	4	4	4	4	5	6	6	6	5	-2	-20	-6	-3	3	28	21	26	41	54	68	81	89	92	85	80	74	73	81	96	0	0	0
Change in cash and cash equivalents held at Consolidated Funds
14	-50	-39	-170	-101	-399	-226	-295	-320	-383	-457	-467	-611	-513	-234	-538	-781	-1,281	-2,071	-2,662	-3,326	-2,516	-2,208	-2,234	-1,708	-2,419	-2,714	-2,296	-2,180	-1,274	-1,002	-332	-210	-243	0	0	0
Change in other receivables held at Consolidated Funds
42	-61	-59	-35	-121	95	76	63	121	16	25	27	13	-1	-524	135	-158	-534	599	-101	357	414	6	12	-54	228	94	49	-42	-41	-13	-24	34	-8	0	0	0
Change in other liabilities held at Consolidated Funds
158	-229	-117	-297	-280	-59	-288	-59	-187	-266	239	64	341	268	92	527	-314	48	-337	-746	6	63	404	18	-177	-120	-410	-651	-760	-1,038	-946	-536	-185	-142	0	0	0
Other non-cash amounts of Consolidated Funds
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of investments
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Proceeds from the sale of investments
350	389	626	728	806	893	741	540	523	467	377	473	406	299	161	115	103	313	415	425	425	544	563	545	576	294	284	264	178	215	190	187	205	300	0	0	0
Principal investment income
-	-	-	-	-	-	-	-	236	-	169	204	209	154	127	43	-13	0	-41	-20	-18	-14	22	21	27	4	-10	7	-3	32	77	54	64	82	0	0	0
Purchases of investments
-	-	-	-	-	-	0	0	932	-	562	409	402	368	259	219	93	91	81	168	230	221	172	59	44	93	611	642	591	540	78	64	136	128	0	0	0
Purchase of investment in Fortitude Re
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of contingent consideration
-	-	-	-	-	37	37	37	37	22	22	29	29	82	82	90	90	17	19	19	19	59	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Deconsolidation of Claren Road
-	-	-	-	-	-	-	-	-	23	23	23	23	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in deferred taxes, net
101	-13	-0	-3	2	19	-103	-90	-93	-93	16	18	2	4	15	15	36	31	13	25	-8	-10	-27	-55	-34	-44	-22	-14	5	9	13	21	16	19	0	0	0
Change in due from affiliates and other receivables
-0	-49	14	-4	19	74	-76	-26	-7	-0	91	93	17	10	-4	-19	-10	1	4	-3	6	4	-19	6	9	7	5	9	-18	-10	15	-26	-7	-16	0	0	0
Change in receivables and inventory of a real estate VIE
-	-	-	-	-	-	-	-	-	14	30	-19	-23	-29	-37	20	45	57	52	36	33	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Change in deposits and other
-0	6	-7	5	0	4	12	4	7	2	7	1	0	-5	-3	4	5	10	8	3	10	10	6	10	-0	-9	-3	-11	-20	-9	-7	10	16	16	0	0	0
Change in other assets of a real estate VIE
-	-	-	-	-	-	-	-	-	-1	-9	-34	-30	-41	-26	-13	24	17	34	38	20	25	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Change in accounts payable, accrued expenses and other liabilities
-28	-43	-101	33	47	78	163	54	-0	50	-3	79	103	66	134	30	71	62	12	5	-24	-23	-15	17	18	46	26	26	22	3	10	-13	-24	-51	0	0	0
Change in accrued compensation and benefits
-7	51	27	46	6	60	76	18	63	-13	16	61	-9	6	209	-99	-167	-35	-246	-76	201	155	646	886	726	935	478	370	242	-5	87	-177	-295	-91	0	0	0
Change in due to affiliates
-8	24	4	-10	-22	-35	-18	9	-46	35	18	3	70	-19	-254	-689	-13	21	243	692	14	-81	-21	1	14	96	36	-10	1	-23	16	24	-1	29	0	0	0
Change in lease right-of-use assets and lease liabilities
-19	-16	-17	2	-1	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in other liabilities of a real estate VIE
-	-	-	-	-	-	-	-	-	47	83	72	84	34	56	62	75	101	32	30	-0	-24	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Change in deferred revenue
-9	-37	39	22	71	21	31	-22	-16	24	42	39	31	18	-6	14	18	-50	-54	-61	10	36	66	41	5	0	10	-2	-12	-30	-28	-82	-61	-110	0	0	0
Net cash provided by operating activities
-228	358	485	463	20	-343	-483	-918	-544	-7	143	466	194	-300	-412	211	2,447	3,902	4,572	3,864	3,130	2,645	2,954	3,695	2,529	2,994	2,532	2,496	3,003	2,028	2,766	2,275	2,385	2,678	0	0	0
Cash flows from investing activities
Change in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-260	-703	-28	-40	213	653	-3	-69	-15	21	1	95	0	0	0	-	-	-	-	8	0	0	0
Purchases of fixed assets, net
33	27	28	42	33	31	28	29	35	34	38	33	24	25	25	26	49	62	64	65	43	29	25	25	27	29	25	26	33	32	34	34	32	34	0	0	0
Purchases of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	41	0	0	0	-	-	-	-
Acquisitions, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-33	-27	-96	-110	-101	-99	-28	-29	-35	-34	-39	-40	-30	-25	234	676	-20	-21	-277	-718	-39	37	-24	-59	-42	-135	-119	-80	-92	-126	-71	-136	-138	-104	0	0	0
Cash flows from financing activities
Borrowings under credit facilities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	820	0	0	0	-	-	-	-
Repayments of Long-term Lines of Credit
92	56	17	25	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	386	386	386	1,075	744	0	0	0	-	-	-	-
Repayment of term loan
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of 3.875% senior notes due 2023, net of financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	495	0	0	0	-	-	-	-	-	-	-	-
Issuance of 5.625% senior notes due 2043, net of financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	210	210	210	394	0	0	0	-	-	-	-	-	-	-	-
Proceeds from Issuance of Debt
-	-	-	-	-	40	103	188	234	265	202	112	86	20	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on debt obligations
38	45	51	156	156	156	156	35	28	21	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	475	475	475	515	310	0	0	0	-	-	-	-
Proceeds from debt obligations, net of financing costs
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net payments on loans payable of a real estate VIE
-	-	-	-	-	-	-	-	-	-14	-21	-31	-32	-34	-39	-49	-63	-65	-71	-61	-36	-34	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net borrowings (payments) on loans payable of Consolidated Funds
775	224	-6	83	480	818	1,122	1,152	658	147	-58	-128	256	594	1,114	832	339	734	14	288	-954	-1,033	-4,145	-3,529	-2,041	-1,595	1,806	1,834	2,001	1,415	1,254	728	969	1,204	0	0	0
Payments of contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	3	3	7	7	8	9	10	10	39	38	42	43	23	0	0	0	-	-	-	-	-	-	-	-
Dividends to common stockholders
194	154	163	137	144	129	139	156	137	118	105	118	131	140	143	161	163	251	216	156	143	102	99	96	93	59	0	0	0	-	-	-	-	-	-	-	-
Distributions to preferred unitholders
11	17	23	23	23	23	23	17	11	6	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to non-controlling interest holders in Carlyle Holdings
213	313	339	291	310	288	324	372	334	295	284	337	376	422	447	511	530	848	742	565	524	486	488	490	515	372	0	0	0	-	-	-	-	-	-	-	-
Payment of deferred consideration for Carlyle Holdings units
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits related to equity-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	4	1	2	3	2	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from issuance of common units, net of offering costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Contributions from predecessor owners
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	14	18	11	15	0	0	0
Distributions to predecessor owners
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	452	909	1,293	1,157	1,498	0	0	0
Contributions from non-controlling interest holders
59	57	38	31	30	31	49	102	122	119	125	67	108	113	822	1,094	1,628	2,376	1,909	2,261	2,202	2,203	2,489	2,416	2,751	2,474	2,374	2,171	1,890	2,044	2,134	2,124	1,677	1,251	0	0	0
Distributions to non-controlling interest holders
-	-	-	-	-	-	-	-	-	-	0	0	123	-	1,029	2,686	4,022	5,267	5,921	4,925	4,201	4,190	3,234	3,345	3,313	3,038	0	0	0	-	-	-	-	-	-	-	-
Distributions to non-controlling interest holders
76	62	75	85	93	105	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	303	0	0	0	-	-	-	-	-	-	0	0	-	0	0	0
Common shares repurchased
50	34	54	68	117	107	87	51	0	0	5	22	53	58	53	36	6	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in due to/from affiliates financing activities
-93	-129	-108	-13	-9	97	123	71	76	26	-42	-101	-82	-66	5	43	43	62	-13	45	45	38	73	-7	19	-17	-43	1	-8	-0	21	-4	-39	-39	0	0	0
Change in due to/from affiliates and other receivables of Consolidated Funds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	623	-761	-171	-161	-1,069	43	140	51	-55	-106	-142	35	-18	0	0	0	-	-	-	-
Effect of foreign exchange rate changes
-16	8	-16	-5	-33	-19	-8	19	78	67	37	18	-26	-15	-42	-78	-13	-120	-119	-166	-198	-113	-41	77	54	44	15	-12	-22	-3	-7	-42	-15	-1	0	0	0
Net cash provided by financing activities
559	-149	-106	-542	-234	72	395	1,007	704	318	162	-471	-193	15	-44	-1,218	-2,527	-4,011	-4,261	-3,042	-2,902	-2,293	-2,350	-3,006	-2,076	-2,503	-2,341	-2,280	-2,841	-1,841	-2,631	-2,133	-2,305	-2,679	0	0	0
Increase in cash, cash equivalents and restricted cash
280	189	266	-194	-349	-390	-125	79	203	344	303	-26	-55	-326	-264	-408	-113	-250	-86	-62	-9	275	538	705	463	399	86	123	47	57	56	-35	-73	-107	0	0	0
Supplemental non-cash disclosures
Tax effects from the conversion to a Corporation recorded in equity
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in partners’ capital and accumulated other comprehensive income related to reallocation of ownership interest in Carlyle Holdings
48	60	44	33	31	18	20	16	23	24	25	18	13	13	8	4	13	21	15	11	7	30	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net assets related to consolidation of the CLOs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	357	0	0	0	-	-	-	-
Non-cash distributions to predecessor owners
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	402	300	46	39	-51	0	0	0
Non-cash contributions from non-controlling interest holders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	0	0	0	-	-	-	-	127	126	77	100	95	0	0	0
Non-cash distributions to non-controlling interest holders
-44	-22	9	9	9	-13	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	77	134	58	103	119	0	0	0
Net asset impact of deconsolidation of Consolidated Funds
-37	-24	24	13	13	0	0	0	0	-	-	-	-	-7,170	-7,206	7,134	7,167	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Initial consolidation of Consolidated Funds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	63	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax effect from acquisition of Carlyle Holdings partnership units:
Deferred tax asset
5	6	7	9	11	12	25	28	40	38	24	17	2	3	4	1	59	59	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Tax receivable agreement liability
4	5	6	8	9	10	18	21	32	30	21	15	2	2	3	1	51	51	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Total partners’ capital
0	1	0	1	1	1	6	7	8	8	0	0	0	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Transfer of partners capital to non-controlling interests in consolidated entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	120	0	0	0	-	-	-	-