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Carlyle Group Inc. (CG) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021

SEC Filings

CG Annual Reports

Carlyle Group L.P.

CIK: 1527166 Ticker: CG

Exhibit 99.1

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Carlyle Announces Fourth Quarter and Full Year 2021 Financial Results

Washington, DC and New York, NY – February 3, 2022
– Global investment firm The Carlyle Group Inc. (NASDAQ: CG) today reported its unaudited results for the fourth quarter and full year ended December 31, 2021. The full detailed presentation of Carlyle's fourth quarter and full year 2021 results can be viewed on the investor relations section of our website at ir.carlyle.com.

Carlyle CEO Kewsong Lee said, “Our fourth quarter performance caps a record year for Carlyle and we enter 2022 a stronger firm. This momentum and our continued progress has resulted in a new level of earnings power that illustrates the long term growth trajectory of our expanding and diversifying global platform. I am proud of our team and the exceptional results across all three of our businesses. We are delivering on our strategic plan and are positioned to deliver FRE growth and strong performance.”

U.S. GAAP results for Q4 2021 and 2021 included income before provision for income taxes of $909 million and $4.0 billion, and net income attributable to The Carlyle Group Inc. common shareholders of $648 million and $3.0 billion, or net income per common share of $1.77 and $8.20, on a diluted basis. Total balance sheet assets were $21 billion as of December 31, 2021.
Dividend
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 15, 2022, payable on February 23, 2022. For full year 2021, the Board of Directors declared $1.00 in aggregate distributions to common shareholders.
Additionally, the Board of Directors approved an increase in the common stock dividend to an annual rate of $1.30 per share ($0.325 per common share on a quarterly basis), which is anticipated to commence for the first quarter 2022 dividend anticipated to be paid in May 2022.
Conference Call
Carlyle will host a conference call at 8:30 a.m. EST on Thursday, February 3, 2022, to announce its fourth quarter and full year 2021 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 the website soon after the call’s completion.
About Carlyle
Carlyle (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 Global Investment Solutions. With $301 billion of assets under management as of December 31, 2021, 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 nearly 1,850 people in 26 offices across five continents. Further information is available at www.carlyle.com. Follow Carlyle on Twitter @OneCarlyle.

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The following information was filed by Carlyle Group L.P. (CG) on Thursday, February 3, 2022 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.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Audit Information
Cover
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Cash Flows (Parenthetical)
Consolidated Statements Of Changes In Equity
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Comprehensive Income (Parenthetical)
Consolidated Statements Of Operations
Accrued Compensation And Benefits
Accrued Compensation And Benefits (Details)
Accrued Compensation And Benefits (Tables)
Accrued Compensation And Benefits - Additional Information (Details)
Accrued Compensation And Benefits - Performance Allocations And Incentive-Fee Related Compensation (Details)
Borrowings
Borrowings (Tables)
Borrowings - Clo Borrowings (Details)
Borrowings - Global Credit Revolving Credit Facility (Details)
Borrowings - Loans Payable Of Consolidated Funds (Details)
Borrowings - Partnership's Borrowings (Details)
Borrowings - Promissory Notes (Details)
Borrowings - Senior Credit Facility (Details)
Borrowings - Senior Notes (Details)
Commitments And Contingencies
Commitments And Contingencies (Tables)
Commitments And Contingencies - Additional Information (Details)
Commitments And Contingencies - Capital Commitments (Details)
Commitments And Contingencies - Leases Information (Details)
Commitments And Contingencies - Maturities Of Operating Lease Liabilities (Details)
Earnings Per Common Share
Earnings Per Common Share (Tables)
Earnings Per Common Share - Schedule Of Eps (Details)
Earnings Per Common Unit - Additional Information (Details)
Equity
Equity (Tables)
Equity - Additional Information (Details)
Equity - Distributions (Details)
Equity-Based Compensation
Equity-Based Compensation (Tables)
Equity-Based Compensation - Additional Information (Details)
Equity-Based Compensation - Summary Of Status Of Non-Vested Equity-Based Awards (Details)
Fair Value Measurement
Fair Value Measurement (Tables)
Fair Value Measurement - Additional Information (Details)
Fair Value Measurement - Changes In Financial Assets Using Level Iii Inputs (Details)
Fair Value Measurement - Changes In Financial Liabilities Using Level Iii Inputs (Details)
Fair Value Measurement - Partnership's Assets And Liabilities Measured At Fair Value On Recurring Basis (Details)
Fair Value Measurement - Quantitative Information About Partnership's Level Iii Inputs (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Additional Information (Details)
Income Taxes - Effective Income Tax Rate (Details)
Income Taxes - Income Before Provision Of Taxes (Details)
Income Taxes - Provision For Income Taxes (Details)
Income Taxes - Reconciliation Of Provision For Income Taxes To U.S Federal Statutory Tax Rate (Details)
Income Taxes - Reconciliation Of The Unrecognized Tax Benefits (Details)
Income Taxes - Summary Of Tax Effects Of Temporary Differences (Details)
Intangible Assets And Goodwill
Intangible Assets And Goodwill (Tables)
Intangible Assets And Goodwill - Additional Information (Details)
Intangible Assets And Goodwill - Carrying Amount Of Intangible Assets (Details)
Intangible Assets And Goodwill - Estimated Amortization Expense (Details)
Investments
Investments (Tables)
Investments - Accrued Performance Fees Narrative (Details)
Investments - Components Of Accrued Giveback Obligations (Details)
Investments - Components Of Investment Income (Loss) (Details)
Investments - Interest And Other Income Of Consolidated Funds (Details)
Investments - Investment Components Of Accrued Performance Fees (Details)
Investments - Investment Income (Loss) Narrative (Details)
Investments - Investments In Consolidated Funds Narrative (Details)
Investments - Net Investment Gains (Losses) Of Consolidated Funds (Details)
Investments - Principal Investment Income (Loss) From Equity Method Investments (Details)
Investments - Principal Investments (Details)
Investments - Principal Investments In Clos And Other Investments (Details)
Investments - Realized And Unrealized Gains (Losses) Earned From Investments Of Consolidated Funds (Details)
Investments - Schedule Of Investments (Details)
Investments - Schedule Of Investments As A Percentage Of Investments Of Consolidated Funds (Details)
Investments - Schedule Of Investments As A Percentage Of Investments Of Consolidated Funds - Additional Information (Details)
Investments - Schedule Of Net Investment Earnings (Loss) From Ngp (Details)
Investments - Schedule Of Performance Allocations Included In Revenues (Details)
Investments - Strategic Investment In Fortitude Re Narrative (Details)
Investments - Strategic Investment In Ngp (Details)
Investments - Strategic Investment In Ngp Narrative (Details)
Non-Controlling Interests In Consolidated Entities
Non-Controlling Interests In Consolidated Entities (Tables)
Non-Controlling Interests In Consolidated Entities - Partnership's Non-Controlling Interests In Consolidated Entities (Details)
Non-Controlling Interests In Consolidated Entities - Partnership's Non-Controlling Interests In Income (Loss) Of Consolidated Entities (Details)
Organization And Basis Of Presentation
Organization And Basis Of Presentation (Details)
Related Party Transactions
Related Party Transactions (Tables)
Related Party Transactions - Additional Information (Details)
Related Party Transactions - Due From Affiliates And Other Receivables (Details)
Related Party Transactions - Due To Affiliates (Details)
Segment Reporting
Segment Reporting (Tables)
Segment Reporting - Additional Information (Details)
Segment Reporting - Adjustments For Performance Fees, Performance Fee Related Compensation And Investment Income (Details)
Segment Reporting - Consolidated Revenues And Assets Based On Geographical Focus Of Associated Investment Vehicle (Details)
Segment Reporting - Expense Adjustments (Details)
Segment Reporting - Reconciliation Of Fund Level Fee Revenues (Details)
Segment Reporting - Reconciliation Of Income Before Provision For Income Taxes (Details)
Segment Reporting - Reportable Segments Financial Data (Details)
Segment Reporting - Revenue Adjustments (Details)
Segment Reporting - Total Segments To Partnership Income Before Provision For Taxes Reconciliation (Details)
Subsequent Events
Subsequent Events (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Accumulated Other Comprehensive Income (Loss) (Details)
Summary Of Significant Accounting Policies - Additional Information (Details)
Summary Of Significant Accounting Policies - Fixed Assets (Details)
Summary Of Significant Accounting Policies - Intangible Assets And Goodwill (Details)
Summary Of Significant Accounting Policies - Investments In Unconsolidated Variable Interest Entities (Details)
Summary Of Significant Accounting Policies - Principles Of Consolidation (Details)
Summary Of Significant Accounting Policies - Revenue Recognition (Details)
Supplemental Financial Information
Supplemental Financial Information (Tables)
Supplemental Financial Information - Cash Flows (Details)
Supplemental Financial Information - Financial Position (Details)
Supplemental Financial Information - Results Of Operations (Details)
Ticker: CG
CIK: 1527166
Form Type: 10-K Annual Report
Accession Number: 0001527166-22-000007
Submitted to the SEC: Thu Feb 10 2022 4:42:24 PM EST
Accepted by the SEC: Thu Feb 10 2022
Period: Friday, December 31, 2021
Industry: Investment Advice

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