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![Carlyle Group Inc. [CGABL] reports annual net loss of $496.7 million](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FCGABL.png&w=1200&q=75)
Carlyle Group Inc. [CGABL] has reported a net loss of $496.7 million for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $3.0 billion
Based in WASHINGTON, District of Columbia, Carlyle Group Inc. operates in the FINANCE sector.
The financial results for The Carlyle Group Inc. for the 12 months ended December 31, 2023, were compared with the same period in the previous year, December 31, 2022.
Revenue:
- In 2023, the total revenues amounted to $2.96 billion, a decrease from $4.44 billion in 2022.
Cost of Goods Sold/Operating Income:
- Compensation and benefits totaled $2.38 billion in 2023, up from $1.93 billion in 2022.
Net Income/Net Loss:
- The net income (loss) attributable to The Carlyle Group Inc. was $(608.4) million in 2023, higher than the $1.23 billion in net income in 2022.
Earnings/Loss Per Share:
- The basic earnings per share were $(1.68) in 2023, compared to $3.39 in 2022.
- The diluted earnings per share were also $(1.68) in 2023, down from $3.35 in 2022.
These results indicate a challenging year for The Carlyle Group Inc. with a decrease in revenues and earnings per share compared to the previous year. The company faced higher compensation and benefit expenses in 2023, leading to a net loss for the period.