The Carlyle Group Inc. 4.625% Subordinated Notes due 2061
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $808.7M | $1.02B | $-608.4M | $1.23B | $2.97B | $348.2M | $380.9M | $116.5M |
| Depreciation & Amortization | $192.1M | $184.1M | $180.6M | $147.4M | $52.0M | $52.1M | $65.6M | $46.9M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $131.0M | $130.8M | $135.0M | $103.9M | $10.2M | $14.6M | $15.5M | $10.0M |
| Stock-Based Compensation | $374.7M | $467.9M | $249.1M | $154.0M | $163.1M | $105.0M | $140.0M | $239.9M |
| Net Cash from Operating Activities | $-3.28B | $-759.5M | $204.9M | $-379.3M | $1.79B | $-169.2M | $358.6M | $-343.5M |
| Investing Activities | ||||||||
| Capital Expenditures | $99.4M | $77.7M | $66.6M | $40.6M | $41.4M | $61.2M | $27.8M | $31.3M |
| Business Acquisitions | — | $0 | $0 | $150.2M | $0 | $0 | $0 | $67.8M |
| Net Cash from Investing Activities | $-99.4M | $-77.6M | $-43.6M | $-828.8M | $-32.2M | $-61.2M | $-27.8M | $-99.1M |
| Financing Activities | ||||||||
| Dividends Paid | $505.1M | $503.0M | $497.7M | $443.6M | $355.8M | $351.3M | $154.9M | $129.8M |
| Stock Repurchases | $686.5M | $554.6M | $203.5M | $185.6M | $161.8M | $26.4M | $34.5M | $107.5M |
| Net Cash from Financing Activities | $3.99B | $682.8M | $-99.6M | $114.8M | $-242.5M | $370.3M | $-149.2M | $72.0M |
| Net Change in Cash | $707.1M | $-175.6M | $80.6M | $-1.11B | $1.49B | $161.6M | $189.7M | $-390.5M |
| Free Cash Flow | $-3.37B | $-837.2M | $138.3M | $-419.9M | $1.75B | $-230.4M | $330.8M | $-374.8M |