CG FY 2022 Earnings Report — The Carlyle Group Inc. Revenue & Financial Results | Market Cap Arena

The Carlyle Group Inc.CG

FY 2022 Earnings

Reported February 9, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$3.7B	—	—	—	—
Op. Income	$1.6B	—	—	—	—
Gross Margin	91.2%	—	—	—	—
Net Margin	33.3%	—	—	—	—
EPS (Diluted)	$3.35	—	—	—	—
Free Cash Flow	-$420M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$322M
GROSS PROFIT	$3.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$576M
SG&A Expenses	$576M
Other Expenses	$1.2B
Operating Expenses	$1.8B
Cost & Expenses	$2.1B
OPERATING INCOME	$1.6B
Interest Income	$418M
Interest Expense	$322M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$288M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$147M
EBIT	$1.6B
EBITDA	$1.7B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$322M
GROSS PROFIT	$3.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$576M
SG&A Expenses	$576M
Other Expenses	$1.2B
Operating Expenses	$1.8B
Cost & Expenses	$2.1B
OPERATING INCOME	$1.6B
Interest Income	$418M
Interest Expense	$322M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$288M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$147M
EBIT	$1.6B
EBITDA	$1.7B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$1.2B
Depreciation & Amortization	$147M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$1.1B
Change in Working Capital	-$643M
OPERATING CASH FLOW	-$379M
Capital Expenditure	-$41M
Acquisitions (Net)	-$150M
Purchases of Investments	-$70M
Sales/Maturities of Investments	$50M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$829M
Net Debt Issuance	$681M
Common Stock Repurchased	-$186M
Common Dividends Paid	-$444M
Other Financing Activities	$24M
NET CASH FROM FINANCING	$115M
FREE CASH FLOW	-$420M
Net Change in Cash	-$1.1B

Balance Sheet

Item	Amount
Cash & Equivalents	$1.6B
Short-Term Investments	$0
Net Receivables	$681M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.3B
PP&E (Net)	$477M
Goodwill	$104M
Intangible Assets	$794M
Long-Term Investments	$2.9B
Tax Assets	$16M
Other Non-Current Assets	$14.8B
TOTAL NON-CURRENT ASSETS	$19.1B
TOTAL ASSETS	$21.4B
Account Payables	$369M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$369M
Long-Term Debt	$8.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$5.5B
TOTAL NON-CURRENT LIABILITIES	$14.2B
TOTAL LIABILITIES	$14.6B
Common Stock	$4M
Additional Paid-In Capital	$3.1B
Retained Earnings	$3.4B
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	-$322M
TOTAL STOCKHOLDERS' EQUITY	$6.2B
Minority Interest	$600M
TOTAL EQUITY	$6.8B
TOTAL LIABILITIES & EQUITY	$21.4B
Total Debt	$8.7B
Net Debt	$7.1B