Company: CGABL
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001527166-25-000125
Chunk: 2

Company: Carlyle Group Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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Item 1. Financial Statements

The Carlyle Group Inc.

Condensed Consolidated Balance Sheets

(Dollars in millions)

September 30,2025December 31,2024 (Unaudited)AssetsCash and cash equivalents$2,221.7$1,266.0Cash and cash equivalents held at Consolidated Funds1,037.3830.4Investments, including accrued performance allocations of $6,956.3 and $7,053.5 as of September 30, 2025 and December 31, 2024, respectively10,515.410,936.7Investments of Consolidated Funds11,083.37,782.4Due from affiliates and other receivables, net741.2805.6Due from affiliates and other receivables of Consolidated Funds, net259.4237.1Fixed assets, net199.1185.3Lease right-of-use assets, net340.6341.4Deposits and other89.656.9Intangible assets, net540.0634.1Deferred tax assets28.327.6Total assets$27,055.9$23,103.5Liabilities and equityDebt obligations$2,984.2$2,143.5Loans payable of Consolidated Funds9,199.56,864.2Accounts payable, accrued expenses and other liabilities433.8389.8Accrued compensation and benefits5,288.45,446.6Due to affiliates214.8241.9Deferred revenue373.0138.7Deferred tax liabilities80.7137.0Other liabilities of Consolidated Funds1,112.2861.6Lease liabilities479.6488.6Accrued giveback obligations44.644.0Total liabilities20,210.816,755.9Commitments and contingenciesCommon stock, $0.01 par value, 100,000,000,000 shares authorized (360,136,508 and 357,183,632 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively)3.63.6Additional paid-in-capital4,194.73,892.3Retained earnings1,617.82,040.8Accumulated other comprehensive loss(196.5)(329.8)Non-controlling interests in consolidated entities1,225.5740.7Total equity6,845.16,347.6