The Carlyle Group Inc. 4.625% Subordinated Notes due 2061 (CGABL) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 |
|---|
| Total Current Assets | 2.44B | 2.81B | 2.96B | 2.07B | 1.98B | 2.07B | 2.13B | 1.63B | 1.9B | 2.13B | 1.51B | 2.06B | 2.03B | 13.43B | 13.72B | 13.68B | 2.69B | 1.86B | 1.13B | 1.26B |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | 272.52 | - | 204.96 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 1.07B | 1.1B | 1.11B | 1.14B | 1.17B | 1.19B | 1.22B | 1.27B | 1.3B | 1.28B | 1.35B | 1.39B | 1.41B | 1.28B | 982.7M | 552M | 560.3M | 535M | 577.1M | 654M |
| Property, Plant & Equipment | 567.8M | 556.8M | 539.7M | 542.8M | 544.3M | 526.7M | 527.7M | 521.5M | 512.1M | 493.7M | 473.3M | 476.9M | 467.9M | 479M | 145.2M | 504M | 503M | 478M | 513.6M | 510M |
| Fixed Asset Turnover | 0.45x | 3.47x | 0.61x | 2.89x | 1.82x | 3.48x | 3.49x | 2.07x | 1.37x | 1.92x | 1.81x | 4.87x | 2.30x | 3.36x | 7.42x | 8.81x | 3.34x | 5.46x | 4.76x | 7.11x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 473.6M | 507.1M | 540M | 573.6M | 603.2M | 634.1M | 670.6M | 700.2M | 732.8M | 766.1M | 866.4M | 897.8M | 925.1M | 784.4M | 820.1M | 34M | 36M | 38M | 45M | 48M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 29.84B | 29.12B | 27.06B | 25.07B | 24.1B | 23.1B | 22.66B | 22.28B | 20.85B | 21.18B | 21.27B | 21.4B | 21.09B | 21.42B | 21.74B | 21.25B | 20.79B | 2.4B | 16.98B | 1.91B |
| Asset Turnover | 0.01x | 0.07x | 0.01x | 0.06x | 0.04x | 0.08x | 0.08x | 0.05x | 0.03x | 0.04x | 0.04x | 0.11x | 0.05x | 0.05x | 0.11x | 0.21x | 0.14x | 0.28x | 0.26x | 0.42x |
| Asset Growth % | 23.85% | 26.02% | 19.41% | 12.49% | 15.57% | 9.1% | - | - | -1.99% | -1.06% | -2.13% | 0.72% | 1.46% | 793.82% | 28.05% | 1010.82% | - | - | 40.47% | -86.15% |
| Total Current Liabilities | 358.2M | 129.2M | 373M | 204M | 421.5M | 138.7M | 379.5M | 129.6M | 391.1M | 140.3M | 411.7M | 495.6M | 773.6M | 419.8M | 739.1M | 2.19B | 2.7B | 2.43B | 343.8M | 4.03B |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 369.2M | 379.4M | 315M | 365.4M | 0 | 0 | 0 | 0 | 0 |
| Days Payables Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.07B | 2.37B | 2.31B | 0 | 3.94B |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.37B | -2.31B | 0 | -3.94B |
| Current Ratio | 6.82x | 21.71x | 7.94x | 10.15x | 4.70x | 14.94x | 5.62x | 12.58x | 4.86x | 15.20x | 3.67x | 4.16x | 2.62x | 31.99x | 18.56x | 6.24x | 1.00x | 0.77x | 3.28x | 0.31x |
| Quick Ratio | 6.82x | 21.71x | 7.94x | 10.15x | 4.70x | 14.94x | 5.62x | 12.58x | 4.86x | 15.20x | 3.67x | 4.16x | 2.62x | 31.99x | 18.56x | 6.24x | 1.00x | 0.77x | 3.28x | 0.31x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 22.11B | 21.93B | 19.84B | 18.15B | 17.29B | 16.62B | 15.94B | 16.43B | 14.72B | 15.25B | 14.05B | 14.09B | 13.66B | 14.57B | 14.64B | 13.35B | 15.42B | 14.9B | 12.92B | 12.63B |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 22.47B | 22.06B | 20.21B | 18.35B | 17.71B | 16.76B | 16.32B | 16.55B | 15.11B | 15.39B | 14.46B | 14.58B | 14.44B | 14.99B | 15.38B | 15.54B | 15.76B | 15.03B | 13.26B | 12.71B |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.07B | 2.37B | 2.31B | 0 | 3.94B |
| Net Debt | -1.67B | -1.97B | -2.22B | -1.28B | -1.19B | -1.27B | -1.38B | -914.8M | -1.28B | -1.44B | -1.01B | -1.36B | -1.36B | -1.31B | -1.29B | -398M | -29M | 721M | -880.4M | 2.95B |
| Debt / Equity | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.36x | 0.45x | 0.47x | - | 1.34x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.91x | 3.31x | 1.80x | - | 6.63x |
| Net Debt / EBITDA | -33.13x | -40.13x | -16.54x | -26.80x | -5.62x | - | -26.17x | -4.43x | -11.99x | - | -3.40x | - | -3.00x | -3.47x | -1.11x | -0.18x | -0.04x | 0.56x | -0.88x | 4.97x |
| Interest Coverage | - | 0.00x | 1.48x | 3.58x | 2.51x | 2.91x | 5.87x | 2.44x | 1.97x | -5.98x | 2.70x | 13.24x | 7.68x | 8.38x | 52.66x | 4.86x | 13.47x | 26.22x | 28.46x | 10.46x |
| Total Equity | 9.35B | 8.35B | 8.07B | 7.57B | 7.19B | 7.09B | 7.12B | 6.43B | 6.41B | 6.38B | 7.45B | 6.82B | 7.19B | 6.88B | 6.8B | 5.71B | 5.31B | 4.91B | 3.96B | 2.93B |
| Equity Growth % | 29.93% | 17.84% | 13.29% | 17.82% | 12.23% | 11.14% | - | - | -13.95% | -6.5% | 9.55% | 19.55% | 35.53% | 40.17% | 71.58% | 94.74% | - | - | 74.34% | -1.33% |
| Book Value per Share | 26.02 | 22.52 | 21.44 | 20.64 | 19.63 | 19.26 | 19.53 | 17.79 | 17.73 | 17.65 | 20.39 | 18.81 | 19.61 | 18.78 | 18.73 | 15.74 | 14.55 | 13.55 | 10.99 | 8.18 |
| Total Shareholders' Equity | 7.37B | 7.06B | 6.85B | 6.72B | 6.39B | 6.35B | 6.34B | 5.73B | 5.74B | 5.78B | 6.81B | 6.82B | 6.65B | 6.43B | 6.35B | 5.71B | 5.03B | 4.62B | 3.71B | 2.93B |
| Common Stock | 3.6M | 3.6M | 3.6M | 3.6M | 3.6M | 3.6M | 3.6M | 3.6M | 3.6M | 3.6M | 3.6M | 3.6M | 3.6M | 3.6M | 3.6M | 3M | 3M | 3M | 3.5M | 3M |
| Retained Earnings | 1.17B | 1.64B | 1.62B | 1.95B | 1.86B | 2.04B | 2.03B | 1.71B | 1.87B | 2.08B | 3.28B | 3.4B | 3.43B | 3.31B | 3.21B | 2.81B | 2.32B | 1.94B | 1.12B | 348M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -181.2M | -170.2M | -196.5M | -189.5M | -288.7M | -329.8M | -265.9M | -324M | -315M | -297.3M | -305.2M | -322.2M | -439.7M | -360.8M | -283M | -247M | -240M | -228M | -234M | -208M |
| Minority Interest | 1.97B | 1.3B | 1.23B | 857.1M | 807.8M | 740.7M | 788.7M | 699.5M | 669.3M | 593.1M | 636.7M | 0 | 537.2M | 446M | 444.3M | 0 | 273.8M | 285M | 250.2M | 0 |