Carlyle Group (CG) FY2017 results: revenue $3.7 billion, up 61.6% on the year
Carlyle Group Inc. (CG) reported revenue of $3.7 billion for fiscal 2017, the year ended 31 December 2017, up 61.6% on the year before. Net income was $244 million, up 3714.1%, and diluted earnings per share $2.38. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2018.
Revenue
$3.7 billion
+61.6% on the year
FY2010FY2017
Operating margin
28.4%
1.4% a year earlier
FY2010FY2017
Net income
$244 million
+3,714.1% on the year
FY2010FY2017
Diluted EPS
$2.38
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
3,676
2,274
3,006
+61.6%
Cost of revenue
64.4
31.3
48.5
+105.8%
Gross profit
3,612
2,243
2,958
+61.0%
Gross margin
98.2%
98.6%
98.4%
Operating income
1,044
32.2
-462
+3,141.9%
Operating margin
28.4%
1.4%
-15.4%
Interest expense
65.5
61.3
58.0
+6.9%
Pre-tax income
1,132
45.3
402
+2,399.6%
Income tax
125
30.0
2.1
+316.3%
Effective tax rate
11.0%
66.2%
0.5%
Net income
244
6.4
-18.4
+3,714.1%
Net margin
6.6%
0.3%
-0.6%
Diluted EPS
$2.38
-$0.08
-$0.30
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
-7.1
-301
3,903
Capital expenditure
34.0
25.4
62.3
+33.9%
Free cash flow
-41.1
-326
3,840
Free cash flow margin
-1.1%
-14.3%
127.8%
Cash from investing
-34.0
-25.4
-21.5
Cash from financing
319
15.3
-4,011
+1,982.4%
Depreciation and amortisation
41.3
n/a
n/a
Share-based compensation
320
335
378
-4.3%
Buybacks
0.2
58.9
0.0
-99.7%
Dividends paid
118
141
251
-16.2%
Dividend per share
$1.24
$1.68
$3.39
-26.2%
Diluted shares, weighted
100m
309m
299m
-67.6%
Shares outstanding at period end
100m
85m
80m
+18.3%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Debt
1,574
1,345
1,211
+17.0%
Total liabilities and equity
12,281
9,973
32,191
+23.1%
Fixed assets
100
106
111
-5.4%
Goodwill
11.1
10.1
38.3
+9.9%
Intangible assets
24.8
31.9
97.4
-22.3%
Cash and equivalents
1,000
671
992
+49.1%
Other assets
11,144
9,154
30,953
+21.7%
Total assets
12,281
9,973
32,191
+23.1%
10-K for the year ended 31 December 2017, filed 15 February 2018: the filing.