Carlyle Investor Conference Presentation Deck
Reconciliation of GAAP to Total Segment Information, continued
(Dollars in millions)
REVENUE RECONCILING ITEMS
Unrealized performance revenues
Unrealized principal investment income (loss)
Adjusted unrealized principal invesment income (loss) from
Fortitude Re
Adjustments related to expenses associated with NGP
Management and its affiliates
Tax expense (benefit) associated with certain foreign
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
Unrealized performance revenues related compensation
Equity-based compensation
Acquisition-related charges, including amortization of
intangibles and impairment
Other non-operating expense (income)
Tax (expense) benefit associated with certain foreign
performance revenues related compensation
Non-Carlyle economic interests in acquired businesses and
other adjustments to present certain costs on a net basis
Lease assignment and termination costs
Debt extinguisment costs
Corporate conversions costs, severance and other
adjustments
Elimination of expenses of Consolidated Funds
Total Expense Reconciling Items
1Q'19
$ 301.8
238.6
27.0
(4.0)
20.4
(0.1)
$ 583.7
$ 146.0
39.4
12.0
0.3
(6.1)
20.9
0.1
1.7
(5.6)
$ 208.7
2Q'19
$167.3
234.9
40.1
(4.1)
42.7
(16.3)
$ 464.6
$ 84.9
38.3
15.4
0.4
3.6
10.0
10.9
3Q'19
$
$ (87.4) $ (113.9) $ (1,109.0)
(81.3)
(264.7)
(22.8)
(9.3)
$ 154.2 $
198.7
68.1
(4.1)
0.2
29.3
$ 189.5
(15.3)
38.8
38.9
11.2
0.3
(10.8)
14.9
10.8
4Q'19
(10.0)
94.1
5.7
(4.0)
0.1
25.1
(1.8)
$ (170.1)
$ (44.2)
34.9
13.4
0.3
(1.0)
29.2
9.9
(8.9)
1Q'20
$ 33.6
(3.9)
(77.7)
98.3
$ (1,379.8)
$ (580.1)
31.7
3.0
0.2
11.2
8.0
4.5
(8.2)
$ (529.7)
LTM 1Q'19
$ 152.6
276.5
38.7
(18.2)
(5.2)
92.6
(45.4)
$ 491.6
$ 103.9
203.8
29.7
1.1
(10.7)
51.7
66.9
7.9
9.2
(45.9)
$ 417.6
LTM 1Q'20
$ (1,143.0)
87.6
91.1
(16.1)
0.3
19.4
64.9
$ (895.8)
$ (500.6)
143.8
43.0
1.2
3.0
62.1
36.1
(36.4)
$ (247.8)
FY'18
$ (42.7)
$
48.8
11.7
(18.9)
(4.9)
92.5
(59.7)
26.8
$ 7.4
252.2
22.3
1.1
(6.2)
34.3
66.9
7.8
9.1
(48.7)
$ 346.2
$
FY¹19
267.8
$
590.9
140.9
(16.2)
0.3
117.5
(33.5)
$1,067.7
$ 225.5
151.5
52.0
1.3
(14.3)
75.0
0.1
33.3
(33.8)
490.6
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