Investor Presentaiton
RECONCILIATION OF GAAP TO TOTAL SEGMENTS
($ in thousands)
Management and Advisory Fees, Net
QTD
3Q'21
4Q'21
1Q'22
2Q'22
3Q'22
YTD
3Q'21
3Q'22
3Q'21
LTM
3Q'22
$ 3,711,159 $ 4,654,877
(137) (13,022)
(6,184)
$ 3,711,022 $ 4,641,855
$ 4,845,297 $ 6,114,425
1,750 (16,350)
$ 4,847,047 $ 6,098,075
GAAP
Segment Adjustment (a)
Total Segment
$ 1,320,795 $1,459,548 $1,475,936 $1,561,187 $ 1,617,754
(4,270)
(720)
(3,328)
(2,568)
$ 1,320,075 $1,456,220 $1,473,368 $ 1,556,917 $ 1,611,570
GAAP Realized Performance Revenues to Total Segment Fee Related Performance Revenues
GAAP
Incentive Fees
Investment Income - Realized Performance Allocations
48,206
1,522,495
136,454
2,787,970
104,489
99,598
1,766,386 2,453,769
110,776
725,888
117,537
2,865,482
314,863
4,946,043
215,239
4,330,636
451,317
7,734,013
GAAP
Total Segment
Less: Realized Performance Revenues
Segment Adjustment (b)
Total Segment
GAAP Compensation to Total Segment Fee Related Compensation
GAAP
Compensation
Incentive Fees Compensation
Realized Performance Allocations Compensation
GAAP
Total Segment
$ 1,570,701 $2,924,424 $ 1,870,875 $2,553,367 $ 836,664
$ 2,983,019 $ 5,260,906
$ 4,545,875 $ 8,185,330
(1,497,477)
$
(1,191,374) (1,312,810) (2,206,774) (469,009)
89
824
4,476
73,313 $1,733,874 $ 558,065 $ 346,593 $372,131
(2,691,738)
89
(3,988,593)
4,476
(3,968,367)
89
(5,179,967)
5,300
$ 291,370 $1,276,789
$ 577,597 $ 3,010,663
536,199
21,007
631,632
576,032
49,349
1,119,911
656,505
41,019
717,601
686,012
45,363
1,035,916
600,273
50,355
313,930
1,585,941
48,763
1,192,082
$ 1,188,838
$1,745,292 $ 1,415,125 $1,767,291 $ 964,558
1,942,790
136,737
2,067,447
$ 2,826,786 $ 4,146,974
2,045,577
70,849
1,782,171
2,518,822
186,086
3,187,358
$ 3,898,597 $ 5,892,266
Less: Realized Performance Compensation
(619,074)
(449,301)
(519,120) (926,974)
(206,224)
Less: Equity-Based Compensation Fee Related Compensation
(127,442)
(162,656)
(200,387)
(191,769)
(187,873)
(1,108,269) (1,652,318)
(388,607)
(1,591,797)
(580,029)
Less: Equity-Based Compensation - Performance Compensation
Segment Adjustment (c)
(1,812)
(21,029)
(1,933)
(23,368)
(1,158)
(3,875)
(2,324)
(6,341)
(7,357)
(23,989)
(23,260)
(9,869)
$ 419,481 $ 1,108,034 $
670,471 $
621,413 $ 558,268
(83,593) (57,118)
$1,239,976 $ 1,850,152
(122,015)
(454,004)
(8,036)
$ 1,722,745 $2,958,186
(2,101,619)
(742,685)
(9,290)
(80,486)
Total Segment
GAAP General, Administrative and Other to Total Segment Other Operating Expenses
GAAP
Segment Adjustment (d)
Total Segment
Realized Performance Revenues
GAAP
Incentive Fees
$
$
217,995 $ 309,673 $ 240,674 $ 289,288 $270,369 $ 608,174 $ 800,331
(23,053) (54,540) (26,576) (27,778) (24,235)
(69,630) (78,589)
194,942 $ 255,133 $ 214,098 $ 261,510 $ 246,134 $ 538,544 $ 721,742
$ 822,298 $1,110,004
(94,218) (133,129)
$ 728,080 $ 976,875
Investment Income Realized Performance Allocations
48,206
1,522,495
136,454
2,787,970
104,489
1,766,386
99,598
2,453,769
110,776
725,888
117,537
2,865,482
GAAP
$ 1,570,701 $2,924,424
$ 1,870,875 $2,553,367 $ 836,664
314,863
4,946,043
$ 2,983,019 $ 5,260,906
215,239
4,330,636
451,317
7,734,013
$ 4,545,875 $ 8,185,330
Total Segment
Less: Fee Related Performance Revenues
Segment Adjustment (b)
Total Segment
(73,313)
89
(1,733,874)
824
(558,065)
(346,593)
(372,131)
4,476
(291,370)
89
(1,276,789)
4,476
(577,597)
89
(3,010,663)
5,300
$ 1,497,477 $1,191,374 $ 1,312,810 $ 2,206,774 $ 469,009
$ 2,691,738 $ 3,988,593
$ 3,968,367 $ 5,179,967
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