TPG Financial Performance and Growth Strategies
Unaudited Pro Forma Non-GAAP Balance Sheet
Bridge
($M)
Total GAAP Assets
Impact of consolidated TPG Funds and Public SPACS
Impact of other consolidated entities
Impact of reclassification adjusments¹
Total Book Assets
Total GAAP Liabilities
Impact of consolidated TPG Funds and Public SPACS
Impact of other consolidated entities
Impact of reclassification adjusments¹
Total Book Liabilities
Total GAAP Redeemable equity from consolidated Public SPACS
Impact of consolidated TPG Funds and Public SPACS²
Total Book Redeemable equity from consolidated Public SPACS
Total GAAP Equity
Impact of consolidated TPG Funds and Public SPACS
Impact of other consolidated entities
1
Reclassification adjusments
Net Book Value
1Q'22
$9,664
(1,011)
(6,051)
11
$2,614
$5,239
(48)
(4,702)
14
$503
$1,000
(1,000)
$0
$3,425
37
(1,349)
(3)
$2,110
TPG
Note: Figures above may not sum due to rounding.
1. Certain amounts were reclassified to reflect how we utilize our non-GAAP balance sheet measures. We separately analyze our investments on a non-GAAP basis between accrued performance fees and other investments, which consists of co-investments into our funds and
other equity method investments. Additionally, we reclassified GAAP financial statement amounts due from affiliates and certain amounts within other assets, net for non-GAAP purposes and reclassified GAAP financial statement amounts due to affiliates and other liabilities
within accounts payable, accrued expenses and other for non-GAAP purposes.
2. The $1,000 million redeemable equity represents ownership interest in each SPAC that is not owned by the TPG Operating Group and is presented separately form GAAP partners' capital in the accompanying condensed consolidated financial statements.
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