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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net income $ 248.1 $ 62.6
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation and amortization 90.8 88.1
Equity-based compensation 233.5 122.4
Non-cash performance allocations and incentive fees, net 146.2 298.7
Non-cash principal investment income (145.6) 2.7
Other non-cash amounts (1.5) 19.9
Consolidated Funds related:    
Realized/unrealized (gain) loss on investments of Consolidated Funds (83.0) (141.1)
Realized/unrealized (gain) loss from loans payable of Consolidated Funds 95.1 121.9
Purchases of investments by Consolidated Funds (3,874.9) (1,718.3)
Proceeds from sales and settlements of investments by Consolidated Funds 2,687.1 865.1
Non-cash interest income, net (11.4) (15.9)
Change in cash and cash equivalents held at Consolidated Funds (701.7) (354.8)
Change in other receivables held at Consolidated Funds (87.6) (10.3)
Change in other liabilities held at Consolidated Funds 530.5 262.6
Purchases of investments (180.1) (126.5)
Proceeds from the sale of investments 185.1 137.2
Payments of contingent consideration (1.5) (68.6)
Changes in deferred taxes, net (42.5) (91.6)
Change in due from affiliates and other receivables (21.2) (4.4)
Change in deposits and other (7.8) (49.0)
Change in accounts payable, accrued expenses and other liabilities 37.1 (39.7)
Change in accrued compensation and benefits (277.4) (201.6)
Change in due to affiliates (2.1) (8.4)
Change in lease right-of-use assets and lease liabilities (4.0) (5.0)
Change in deferred revenue (9.8) 5.0
Net cash used in operating activities (1,198.6) (849.0) Close
Cash flows from investing activities    
Purchases of corporate treasury investments (5.0) (145.2)
Proceeds from corporate treasury investments 0.0 122.4
Purchases of fixed assets, net (31.9) (32.5)
Net cash used in investing activities (36.9) (55.3) Close
Cash flows from financing activities    
Borrowings under credit facilities 10.4 0.0
Repayments under credit facilities (10.4) 0.0
Payments on CLO borrowings (36.0) (4.5)
Net borrowings on loans payable of Consolidated Funds 1,328.5 876.1
Dividends to common stockholders (252.3) (245.1)
Payment of deferred consideration for Carlyle Holdings units (68.8) (68.8)
Contributions from non-controlling interest holders 120.4 55.5
Distributions to non-controlling interest holders (45.6) (34.1)
Common shares repurchased and net share settlement of equity awards (328.3) (160.8)
Change in due to/from affiliates financing activities (0.7) (10.3)
Net cash provided by financing activities 717.2 408.0 Close
Effect of foreign exchange rate changes (6.7) 10.5 Close
Decrease in cash, cash equivalents and restricted cash (525.0) (485.8) Close
Cash, cash equivalents and restricted cash, beginning of period 1,442.1 1,361.5
Cash, cash equivalents and restricted cash, end of period 917.1 875.7
Reconciliation of cash, cash equivalents and restricted cash, end of period:    
Cash and cash equivalents 914.8 870.3
Restricted cash 2.3 5.4
Total cash, cash equivalents and restricted cash, end of period 917.1 875.7
Cash and cash equivalents held at Consolidated Funds $ 1,047.5 $ 536.4