Carlyle Group (CG) FY2016 results: revenue $2.3 billion, down 24.3% on the year
Carlyle Group Inc. (CG) reported revenue of $2.3 billion for fiscal 2016, the year ended 31 December 2016, down 24.3% on the year before. Net income was $6 million, and diluted earnings per share $-0.08. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2017.
Revenue
$2.3 billion
-24.3% on the year
FY2010FY2016
Operating margin
1.4%
-15.4% a year earlier
FY2010FY2016
Net income
$6 million
FY2010FY2016
Diluted EPS
-$0.08
FY2010FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
2,274
3,006
3,880
-24.3%
Cost of revenue
31.3
48.5
n/a
-35.5%
Gross profit
2,243
2,958
n/a
-24.2%
Gross margin
98.6%
98.4%
n/a
Operating income
32.2
-462
105
Operating margin
1.4%
-15.4%
2.7%
Interest expense
61.3
58.0
55.7
+5.7%
Pre-tax income
45.3
402
992
-88.7%
Income tax
30.0
2.1
76.8
+1,328.6%
Effective tax rate
66.2%
0.5%
7.7%
Net income
6.4
-18.4
85.8
Net margin
0.3%
-0.6%
2.2%
Diluted EPS
-$0.08
-$0.30
$1.23
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
-301
3,903
2,646
Capital expenditure
25.4
62.3
29.7
-59.2%
Free cash flow
-326
3,840
2,616
Free cash flow margin
-14.3%
127.8%
67.4%
Cash from investing
-25.4
-21.5
37.0
Cash from financing
15.3
-4,011
-2,293
Depreciation and amortisation
n/a
n/a
192
Share-based compensation
335
378
344
-11.5%
Buybacks
58.9
0.0
0.0
Dividends paid
141
251
103
-43.9%
Dividend per share
$1.68
$3.39
$1.88
-50.4%
Diluted shares, weighted
309m
299m
68m
+3.3%
Shares outstanding at period end
85m
80m
68m
+5.2%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Debt
1,345
1,211
1,293
+11.0%
Total liabilities and equity
9,973
32,191
35,994
-69.0%
Fixed assets
106
111
75.4
-4.3%
Goodwill
10.1
38.3
47.5
-73.6%
Intangible assets
31.9
97.4
395
-67.2%
Cash and equivalents
671
992
1,242
-32.3%
Other assets
9,154
30,953
34,235
-70.4%
Total assets
9,973
32,191
35,994
-69.0%
10-K for the year ended 31 December 2016, filed 16 February 2017: the filing.