The Carlyle Group Announces Fourth Quarter and Full Year 2020 Financial Results
Washington, DC, February 4, 2021 – Global investment firm The Carlyle Group Inc. (NASDAQ: CG) today reported its unaudited results for the fourth quarter and full year ended December 31, 2020. The full detailed presentation of Carlyle's fourth quarter and full year 2020 results can be viewed on the investor relations section of our website at ir.carlyle.com.
Carlyle CEO Kewsong Lee said, “2020 was a year of growth and positive change for Carlyle thanks to the dedication, hard work and expertise of our people. We delivered strong results for our shareholders, as our business model proved resilient and adaptable, despite a challenging and complex environment. Our investment portfolios continue to be in great shape and even as challenges continue into 2021 we are well positioned to build on our momentum as we look to accelerate growth in the coming years.”
U.S. GAAP results for Q4 2020 and 2020 included income before provision for income taxes of $697 million and $580 million, and net income attributable to The Carlyle Group Inc. common stockholders of $519 million and $348 million, or net income (loss) per common share of $1.44 and $0.97, on a diluted basis. Total balance sheet assets were $16 billion as of December 31, 2020.
The Board of Directors has declared a quarterly dividend of $0.25 per common share to holders of record at the close of business on February 16, 2021, payable on February 23, 2021. For full year 2020, the Board of Directors declared $1.00 in aggregate distributions to common stockholders.
Carlyle will host a conference call at 8:30 a.m. EST on Thursday, February 4, 2021, to announce its fourth quarter and full year 2020 financial results. The conference call will be available via public webcast from the Shareholders section of Carlyle's website at www.carlyle.com and a replay will be available on our website soon after the call’s completion.
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Investment Solutions. With $246 billion of assets under management as of December 31, 2020, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs 1,825 people in 29 offices across five continents. Further information is available at www.carlyle.com. Follow The Carlyle Group on Twitter @OneCarlyle.
The following information was filed by Carlyle Group L.P. (CG) on Thursday, February 4, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.