XML 29 R18.htm IDEA: XBRL DOCUMENT
v3.25.1

Net Income (Loss) Per Class A Common Share | 3 Months Ended
--- | ---
Mar. 31, 2025
Earnings Per Share [Abstract] |
Net Income (Loss) Per Class A Common Share | 12. Net Income (Loss) Per Class A Common Share The Company calculates its basic and diluted income (loss) per share using the two-class method for all periods presented, which defines unvested share-based payment awards that contain nonforfeitable rights to dividends as participating securities. The two-class method is an allocation formula that determines income per share for each share of common stock and participating securities according to dividends declared and participation rights in undistributed earnings. Under this method, all income (distributed and undistributed) is allocated to common shares and participating securities based on their respective rights to receive dividends. In computing the dilutive effect that the exchange of TPG Operating Group partnership units would have on net income available to Class A common stock per share, TPG considered that net income (loss) available to holders of shares of Class A common stock would increase due to the elimination of non-controlling interests in the TPG Operating Group, inclusive of any tax impact. The hypothetical conversion may be dilutive to the extent there is activity at the TPG Inc. level that has not previously been attributed to the non-controlling interests or if there is a change in tax rate as a result of a hypothetical conversion. The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted net income (loss) per share of Class A common stock (in thousands, except share and per share data):
| Three Months Ended March 31, |  |
| 2025 |  | 2024 |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |
Net income (loss) | $ | 87,828 |  |  | $ | (9,006) |  |  |  |  |  |  |
Less: |  |  |  |  |  |  |  |  |
Net loss attributable to non-controlling interests in TPG Operating Group | (12,099) |  |  | (55,037) |  |  |  |  |  |  |
Net income attributable to other non-controlling interests | 74,534 |  |  | 30,512 |  |  |  |  |  |  |
Net income attributable to Class A Common Stockholders prior to distributions | 25,393 |  |  | 15,519 |  |  |  |  |  |  |
Reallocation of earnings to unvested participating restricted stock units(a) | (15,559) |  |  | (7,145) |  |  |  |  |  |  |
Net income attributable to Class A Common Stockholders - Basic | 9,834 |  |  | 8,374 |  |  |  |  |  |  |
Net loss assuming exchange of non-controlling interest | (8,455) |  |  | (46,736) |  |  |  |  |  |  |
Net income (loss) attributable to Class A Common Stockholders - Diluted | $ | 1,379 |  |  | $ | (38,362) |  |  |  |  |  |  |
Denominator: |  |  |  |  |  |  |  |  |
Weighted-Average Shares of Common Stock Outstanding - Basic | 117,408,263 |  | 89,113,782 |  |  |  |  |  |
Exchange of Common Units to Class A Common Stock | 251,950,698 |  | 275,237,136 |  |  |  |  |  |
Weighted-Average Shares of Common Stock Outstanding - Diluted | 369,358,961 |  | 364,350,918 |  |  |  |  |  |
Net income (loss) available to Class A common stock per share |  |  |  |  |  |  |  |  |
Basic | $ | 0.08 |  |  | $ | 0.09 |  |  |  |  |  |  |
Diluted | $ | 0.00 |  |  | $ | (0.11) |  |  |  |  |  |  |
Dividends declared per share of Class A Common Stock(b) | $ | 0.53 |  |  | $ | 0.41 |  |  |  |  |  |  |
___________ (a)No undistributed losses were allocated to unvested participating RSUs during the three months ended March 31, 2025 and 2024, as the holders do not have a contractual obligation to share in the losses of the Company with common stockholders. (b)Dividends declared reflects the calendar date of the declaration for each distribution. The first quarter dividends were declared on May 7, 2025 and are payable on June 2, 2025.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration