Company: CGABL
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001527166-25-000032
Chunk: 108

Company: Carlyle Group Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 108
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, the reclassification of fee related performance revenues from business development companies and other products, management fees earned from Consolidated Funds, which were eliminated in consolidation to arrive at the Company’s fund management fees, and the reclassification of certain amounts included in portfolio advisory fees, net and other in the segment results that are included in interest and other income in the U.S. GAAP results. (b) The Expenses adjustment represents the elimination of intercompany expenses of the Consolidated Funds payable to the Company, the inclusion of equity-based compensation, certain tax expenses associated with realized performance revenues related compensation, and unrealized performance revenues related compensation, adjustments related to expenses associated with the investment in NGP Management that are included in operating captions, adjustments to reflect the reimbursement of certain costs incurred on behalf of Carlyle funds on a net basis, changes in the tax receivable agreement liability, and charges and credits associated with Carlyle corporate actions and non-recurring items, as detailed below:

|                                                                                           | Year Ended December 31, 
 (in millions)           |     2024 |     |     2023 |
|:------------------------------------------------------------------------------------------|:------------------------|---------:|:----|---------:|
| Unrealized performance and fee related performance revenue compensation expense           |                         |   $635.2 |     |   $612.6 |
| Equity-based compensation                                                                 |                         |    476.5 |     |    260.1 |
| Acquisition or disposition-related charges and amortization of intangibles and impairment |                         |    136.6 |     |    145.3 |
| Tax expense associated with certain foreign performance revenues related compensation     |                         |     -1.0 |     |     -1.0 |
| Non-controlling interests and other adjustments to present certain costs on a net basis   |                         |     92.8 |     |    148.7 |
| Other adjustments                                                                         |                         |     21.2 |     |     11.6 |
| Elimination of expenses of Consolidated Funds                                             |                         |    -45.4 |     |    -40.5 |
|                                                                                           |                         | $1,315.9 |     | $1,136.8 |

(c) The Other Income (Loss) adjustment results from the Consolidated Funds that were eliminated in consolidation to arrive at the Company’s total Other Income (Loss). (d) The following table is a reconciliation of Income (Loss) Before Provision for Income Taxes to Distributable E