TPG Results Presentation Deck
GAAP Statements of Operations
Net income was $163 million for 1Q'22, compared to $412 million in 1Q'21 on a pro forma basis
Net income attributable to TPG Inc. was $41 million for 1Q'22, compared to $47 million in 1Q'21 on a pro
forma basis
■
■
($ in thousands)
Revenues
Fees and other
Capital allocation-based income
Total revenues
Expenses
Compensation and benefits
Cash-based compensation and benefits
Equity-based compensation
Performance allocation compensation
Total compensation and benefits
General, administrative and other
Depreciation and amortization
Interest expense
Expenses of consolidated TPG Funds and Public SPACs:
Interest expense
Other
Total expenses
Investment income
Income from investments:
Net gains (losses) from investment activities
Interest, dividends and other
Investment income of consolidated TPG Funds and Public SPACs:
Net gains (losses) from investment activities
Unrealized gains (losses) on derivative liabilities
Interest, dividends and other
Total investment income
Income before income taxes
Income tax expense
Net income
Less:
Net (loss) income attributable to redeemable equity in Public SPACs prior to IPO
Net (loss) income attributable to non-controlling interests in consolidated TPG Funds prior to IPO
Net (loss) income attributable to other non-controlling interests prior to IPO
Net income attributable to TPG Group Holdings prior to IPO
Net income attributable to redeemable equity in Public SPACS
Net loss attributable to non-controlling interests in TPG Operating Group
Net income attributable to other non-controlling interests
Net income attributable to TPG Inc. subsequent to IPO
$
$
Actual
1Q'21
210,155 $
994,578
1,204,733
127,981
127,981
53,130
1,364
3,921
192
8,058
194,646
72,404
979
(7,616)
87,600
988
154,355
1,164,442
3,128
1,161,314
63,558
(5,736)
589,311
514,181
$
Pro Forma
1Q'21
215,885
995,238
1,211,123
96,212
125,641
601,595
823,448
53,130
1,364
4,919
8,187
891,048
20,070
979
87,600
11
108,660
428,735
17,168
411,567
63,558
301,005
47,004
$
$
Actual
1Q'22
273,005
837,705
1,110,710
116,359
185,911
523,138
825,408
102,264
8,699
4,638
1,523
942,532
6,643
204
2,657
126
9,630
177,808
15,004
162,804
(517)
966
5,256
1,823
(4,912)
118,904
41,284
$
Actual
FY¹21
977,904
3,998,483
4,976,387
579,698
579,698
278,590
21,223
16,291
740
20,024
916,566
353,219
6,460
23,392
211,822
10,321
605,214
4,665,035
9,038
4,655,997
155,131
19,287
2,455,825
2,025,754
$
Pro Forma
FY¹21
998,711
3,989,830
4,988,541
439,420
500,607
2,538,505
3,478,532
278,590
21,223
20,282
18,395
3,817,022
260,359
6,460
211,822
6,292
484,933
1,656,452
77,979
1,578,473
155,131
1,191,994
231,348
Note: Pro forma financial measures are on an adjusted basis, assuming the Reorganization and IPO occurred on January 1, 2020; see the Supplemental Details section of this presentation for a full reconciliation and description of adjustments. See the
Additional Information and Definitions pages in the Reconciliation and Disclosures section of this presentation for definitions of terms used throughout.
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