Company: CGABL
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001527166-25-000032
Chunk: 110

Company: Carlyle Group Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 110
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.6) |                         |  $88.8 |

Adjustments to performance revenues and principal investment income (loss) relate to (i) unrealized performance allocations net of related compensation expense and unrealized principal investment income, which are excluded from the segment results, (ii) amounts earned from the Consolidated Funds, which were eliminated in the U.S. GAAP consolidation but were included in the segment results, (iii) amounts attributable to non-controlling interests in consolidated entities, which were excluded from the segment results, (iv) the reclassification of NGP performance revenues, which are included in principal investment income in the U.S. GAAP financial statements, (v) the reclassification of fee related performance revenues, which are included in fund level fee revenues in the segment results, and (vi) the reclassification of tax expenses associated with certain foreign performance revenues. Adjustments to principal investment income (loss) also include the reclassification of earnings for the investments in NGP Management and its affiliates to the appropriate operating captions for the segment results, the exclusion of charges associated with the investment in NGP Management and its affiliates that are excluded from the segment results and the exclusion of the principal investment loss from dilution of the indirect investment in Fortitude.

| A-4 | CARLYLE | Proxy Statement2025 |

| Appendix A: Reconciliations of Non-GAAP Measures |

NET ACCRUED PERFORMANCE REVENUES Accrued performance allocations, net of accrued giveback obligations is the U.S. GAAP measure most comparable to Net accrued performance revenues. The following is a reconciliation:

|                                                                                                                                                                      | As of December 31, |          |      |          |
| (in millions)                                                                                                                                                        |               2024 |          | 2023 |          |
| Accrued performance allocations, net of accrued giveback obligations(1)                                                                                              |                    | $7,009.5 |      | $6,125.9 |
| Plus: Accrued performance allocations from NGP Carry Funds(2)                                                                                                        |                    |    489.4 |      |    484.4 |
| Less: Net accrued performance allocations presented as fee related performance revenues                                                                              |                    |        — |      |     -5.2 |
| Less: Accrued performance allocation-related compensation                                                                                                            |                    | -4,788.5 |      | -4,235.5 |
| Plus: Receivable for giveback obligations from current and former employees                                                                                          |                    |