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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities    
Net income $ 321.9 $ 7.9
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation and amortization 10.0 17.8
Equity-based compensation 72.8 75.4
Excess tax benefits related to equity-based compensation 0.0 0.7
Non-cash performance fees (348.8) (7.4)
Other non-cash amounts 0.1 (2.3)
Consolidated Funds related:    
Realized/unrealized (gain) loss on investments of Consolidated Funds (35.2) 67.8
Realized/unrealized (gain) loss from loans payable of Consolidated Funds 18.1 (59.4)
Purchases of investments by Consolidated Funds (691.5) (320.9)
Proceeds from sale and settlements of investments by Consolidated Funds 755.6 177.7
Non-cash interest income, net (1.5) (0.7)
Change in cash and cash equivalents held at Consolidated Funds 375.0 277.4
Change in other receivables held at Consolidated Funds (23.6) (9.0)
Change in other liabilities held at Consolidated Funds (82.1) (154.5)
Investment (income) loss (44.8) 10.3
Purchases of investments (56.8) (22.1)
Proceeds from the sale of investments 168.8 62.3
Payments of contingent consideration (22.5) (75.6)
Deconsolidation of Claren Road (23.3) 0.0
Changes in deferred taxes, net (3.1) (5.3)
Change in due from affiliates and other receivables (2.4) 3.7
Change in receivables and inventory of a consolidated real estate VIE (27.9) (21.9)
Change in deposits and other (6.7) (1.3)
Change in other assets of a consolidated real estate VIE (1.7) 8.6
Change in accounts payable, accrued expenses and other liabilities 12.6 (24.5)
Change in accrued compensation and benefits (159.8) (143.6)
Change in due to affiliates 67.1 (22.8)
Change in other liabilities of a consolidated real estate VIE 56.6 6.2
Change in deferred revenue 188.0 175.2
Net cash provided by operating activities 514.9 19.7
Cash flows from investing activities    
Change in restricted cash (62.1) 5.7
Purchases of fixed assets, net (3.7) (4.2)
Net cash provided by (used in) investing activities (65.8) 1.5
Cash flows from financing activities    
Proceeds from debt obligations 66.1 0.0
Net payments on loans payable of a consolidated real estate VIE (7.4) (9.4)
Net borrowings (payments) on loans payable of Consolidated Funds (330.5) 7.6
Payments of contingent consideration 0.0 (0.3)
Excess tax benefits related to equity-based compensation 0.0 (0.7)
Distributions to common unitholders (13.7) (23.6)
Distributions to non-controlling interest holders in Carlyle Holdings (38.9) (85.1)
Contributions from non-controlling interest holders 0.0 4.3
Distributions to non-controlling interest holders (38.0) (23.9)
Units repurchased (0.2) (6.1)
Change in due to/from affiliates financing activities 31.2 14.4
Net cash used in financing activities (331.4) (122.8)
Effect of foreign exchange rate changes 10.6 21.3
Increase (decrease) in cash and cash equivalents 128.3 (80.3)
Cash and cash equivalents, beginning of period 670.9 991.5
Cash and cash equivalents, end of period 799.2 911.2
Supplemental non-cash disclosures    
Net increase in partners’ capital and accumulated other comprehensive income related to reallocation of ownership interest in Carlyle Holdings 1.0 0.7
Net asset impact of deconsolidation of Consolidated Funds 0.0 (7,167.9)
Deferred tax asset 0.0 (0.2)
Tax receivable agreement liability $ 0.0 $ (0.2)