Carlyle Group (CG) FY2023 results: revenue $3.0 billion, down 33.2% on the year
Carlyle Group Inc. (CG) reported revenue of $3.0 billion for fiscal 2023, the year ended 31 December 2023, down 33.2% on the year before. Net income was -$608 million, and diluted earnings per share $-1.68. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2024.
Revenue
$3.0 billion
-33.2% on the year
FY2016FY2023
Operating margin
-20.5%
36.4% a year earlier
FY2016FY2023
Net income
-$608 million
FY2016FY2023
Diluted EPS
-$1.68
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
205
-379
1,791
Capital expenditure
66.6
40.6
41.4
+64.0%
Free cash flow
138
-420
1,750
Free cash flow margin
4.7%
-9.5%
19.9%
Cash from investing
-43.6
-829
-32.2
Cash from financing
-99.6
115
-242
Depreciation and amortisation
181
147
52.0
+22.5%
Share-based compensation
249
154
163
+61.8%
Buybacks
204
186
162
+9.6%
Dividends paid
498
444
356
+12.2%
Dividend per share
$1.40
n/a
n/a
Diluted shares, weighted
361m
366m
363m
-1.2%
Shares outstanding at period end
361m
362m
355m
-0.3%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
5,784
6,821
5,706
-15.2%
Debt
2,281
2,272
2,072
+0.4%
Other liabilities
13,110
12,310
13,473
+6.5%
Total liabilities and equity
21,176
21,403
21,250
-1.1%
Fixed assets
162
140
144
+15.4%
Goodwill
104
104
13.3
+0.1%
Intangible assets
662
794
21.6
-16.6%
Cash and equivalents
1,440
1,361
2,470
+5.8%
Other assets
18,808
19,005
18,602
-1.0%
Total assets
21,176
21,403
21,250
-1.1%
10-K for the year ended 31 December 2023, filed 22 February 2024: the filing.