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Carlyle Group Inc. cash flow statement

In fiscal 2025, Carlyle Group Inc.'s operations generated −$3.28bn of cash; it spent $99.4m on capital projects, leaving free cash flow of −$3.37bn. It returned $505m in dividends and $687m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash from operations2,8772,6782,0282,9942,6463,903−301−7−344359−1691,791−379205−760−3,276−3,998
Depreciation and amortisation2583108164192——4147665252147181184192199
Stock-based pay——202322344378335320240140105163154249468375414
Capital spending21343330306225343128614141677899125
Free cash flow2,8562,6441,9962,9652,6163,841−326−41−375331−2301,750−420138−837−3,375−4,123
Free cash flow after stock pay——1,7942,6422,2723,463−661−361−615191−3351,587−574−111−1,305−3,750−4,537
Dividends paid——1260103251141118130155351356444498503505505
Share buybacks————005901083526162186204555687915

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Carlyle Group Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Carlyle Group Inc.