Carlyle Investor Conference Presentation Deck
Reconciliation of GAAP to Total Segment Information, continued
Total Reportable Consolidated Reconciling
Segments
Total Reportable Consolidated Reconciling
Segments
Funds
Items
Three Months Ended March 31, 2019
Funds
Items
Twelve Months Ended March 31, 2019
$
583.7
208.7
$
$
$
$
$
(895.8) $
(247.8) $
$
$
$
$
$
219.6 $
491.6 $
$
212.7 $
417.6 $
$
$
$
(11.7)
$
(4.8) $
74.0 $
Twelve Months Ended March 31, 2020
199.8 $
175.7
$
(122.8) $
(98.7) $ (648.0)
Year Ended December 31, 2018
214.5 $
213.3 $
4.5 $
5.7 $ (319.4) $
Year Ended December 31, 2019
199.2 $ 1,067.7
165.6 $
490.6
(23.9) $
26.8
346.2
$
$
$
$
$
$
$
$
$
$
$
9.7
$
(Dollars in millions)
Revenues
Expenses
Other income (loss)
Distributable Earnings
Revenues
Expenses
Other income (loss)
Distributable Earnings
Revenues
Expenses
Other income (loss)
Distributable Earnings
Revenues
Expenses
Other income (loss)
Distributable Earnings
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
Revenues
$
Expenses
$
Other income (loss)
$
Distributable Earnings $
450.9
350.1
100.8
550.7 $
337.3 $
$
213.4 $
160.7
580.7
409.0
171.7
581.1
406.1
$
$
52.4
43.7
$
(14.2)
(5.5) $
375.0
Three Months Ended June 30, 2019
464.6
154.2
45.8 $
36.8 $
9.2 $
18.2
$
527.8 $
367.1
$
$
$
Three Months Ended December 31, 2019
$
$
$
(170.1)
33.6
$
$
$
$
$
$
$
$
175.0 $
Three Months Ended September 30, 2019
$
189.5
94.1
$
$
95.4 $
51.3
44.1
(1.9)
5.3
-
$
$
$
$
49.7 $
41.0 $
(17.0) $
(8.3) $
$
$
$
$
$
$
$
310.4 $
53.0 $
53.8 $
(113.1) $
(113.9) $
(203.7)
Three Months Ended March 31, 2020
(1,379.8) $
(529.7) $
$
(850.1) $
Carlyle
Consolidated ¹
1,087.0
602.5
(14.2)
470.3
1,061.1
528.3
9.2
542.0
768.6
505.3
(1.9)
261.4
460.3
483.6
(17.0)
(40.3)
(745.7)
(69.8)
(113.1)
(789.0)
2
2
3
4
2
2
3
4
2
2
3
4
2
2
3
4
2
2
3
4
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
2,100.2
1,464.4
-
635.8
2,240.3
1,519.5
-
720.8
2,185.9
1,512.0
673.9
2,110.1
1,463.5
646.6
$
$
(3) The Other Income (Loss) adjustment results from the Consolidated Funds which were eliminated in consolidation to arrive at Carlyle's total Other Income (Loss).
(4) See the reconciliation for Distributable Earnings and Fee Related Earnings on page 31.
577.1 $
Carlyle
Consolidated ¹
(1) The Distributable Earnings in the Carlyle Consolidated column is income before provision for income taxes, which is the GAAP measure that is most directly comparable to Distributable Earnings.
(2) See detailed breakdown of revenue and expense adjustments on page 33.
2,811.4
2,094.7
(11.7)
705.0
1,544.3
1,447.4
(122.8)
(25.9)
2,427.2
2,071.5
4.5
360.2
3,377.0
2,119.7
(23.9)
1,233.4
2
3
4
2
2
3
4
2
2
3
4
2
2
3
4
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