Carlyle Investor Day Presentation Deck
U.S. GAAP Statement of Operations¹
REVENUE RECONCILING ITEMS
(Dollars in millions)
Unrealized performance revenues
Unrealized principal investment income (loss)
Adjusted unrealized principal investment income from investment in Fortitude Re
Adjustments related to expenses associated with investment in NGP Management and its affiliates
Tax expense (benefit) associated with performance revenues
Non-Carlyle economic interests in acquired businesses and other adjustments to present certain costs on a net basis
Elimination of revenues of Consolidated Funds
TOTAL REVENUE RECONCILING ITEMS
EXPENSE RECONCILING ITEMS
Partner compensation
Unrealized performance revenues related compensation
Equity-based compensation
Acquisition related charges and amortization of intangibles and impairment
Other non-operating expense
Tax (expense) associated with performance revenues related compensation
Non-Carlyle economic interests in acquired businesses and other adjustments to present certain costs on a net basis
Reserve for litigation and contingencies
Lease assignment and termination costs
Debt extinguishment costs
Corporate conversion costs, severance and other adjustments
Elimination of expenses of Consolidated Funds
TOTAL EXPENSE RECONCILING ITEMS
INVESTOR DAY 2021
$
$
$
$
2012
126.9
25.2
(1.0)
198.0
(171.3)
177.8
7.1
(9.5)
(265.4) $
112.7
201.9
128.3
174.9
$ 1,164.7
(53.2)
$
2013
(17.7)
(168.3)
164.0 $
(77.2)
299.2
(192.8)
1,140.7 $
647.8
330.1
260.4
(16.5)
(34.9)
198.9
$ 384.2
(5.0)
$
2014
(6.2)
(275.3)
1,104.3 $
(74.7)
309.6
349.6
242.5
(30.3)
(25.3)
214.9
$
(0.1)
(241.6)
$
2015
201.2
(224.2)
134.5
(164.3)
281.5 $ (584.4) $
819.3 $
(525.1)
42.4
(71.9)
$
(128.3)
381.3
288.8
(7.4)
(14.9)
161.0
50.0
$
2016
(464.1) $
5.4
(71.2)
254.4
(34.4)
(309.9) $
(232.5)
343.0
94.2
(11.2)
(15.1)
159.3
$
6.0
(219.5)
10.3
(24.6)
517.0 $ 323.4 $
2017
1,089.5 $
73.0
(62.5)
0.9
237.9
(56.5)
1,282.3 $
464.4
365.1
35.7
(71.4)
(8.4)
114.9
(25.0)
13.2
(42.8)
845.7
$
$
2018
(42.7) $
48.8
11.7
(18.9)
(4.9)
92.5
(59.7)
26.8
7.4
252.2
22.3
I.I
(6.2)
34.3
66.9
7.8
9.1
(48.7)
346.2
267.8 $
590.9
140.9
(16.2)
0.3
117.5
(33.5)
$ 1,067.7 $
$
2019
$
225.5
151.5
52.0
1.3
(14.3)
75.0
O.I
33.3
(33.8)
490.6
$
$
2020
1,031.0
(556.2)
(104.4)
(15.3)
0.5
96.6
(33.9)
418.3
432.3
116.6
38.1
(7.2)
(8.4)
55.8
15.2
(42.7)
599.7
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