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Statement
Assets, liabilities and equity aligned across the annual filing history, in USD millions.
Assets
+26.0% YoYReported for FY 2025
Liabilities
+31.6% YoYReported for FY 2025
Equity
+11.2% YoYReported for FY 2025
Equity mix
-3.2 ppEquity share of the capital base
Table view
Balance sheet, reported dollar amounts — FY 2025
Every figure is the balance as filed. Each filing badge opens the SEC index page for that fiscal year.
Structure
Assets plotted against the liabilities and equity stack, so you can see how the balance sheet is financed.
Liabilities and equity stack to the capital base; assets are the dashed reference line.
Composition
The same split read as a share of total capital rather than in absolute dollars.
Percentages are measured against total capital for each fiscal year.
Trend
How assets, liabilities and equity have moved across the annual balance sheet window.
Switching between bar and line keeps the selected year order.
Commentary
This explanation uses an earlier data snapshot or evidence version. Compare its generation date with the current filing figures.
Earlier AI snapshot · Generated Feb 19, 2026. The filing-backed figures above are the current source of truth.
The balance sheet from 2021–2024 (2025 appears to be missing/unreported) shows relatively modest total-asset movements until a pronounced uptick in 2024. Assets were roughly stable around $21.2–21.4 billion in 2021–2023 (2021: $21.25B → 2022: $21.40B → 2023: $21.18B) and then rose materially to $23.10B in 2024 (+$1.93B, +9.1%). Liabilities fell in 2022 (from $15.54B to $14.58B) but then increased in both 2023 and 2024, ending at $16.76B in 2024. Stockholders’ equity peaked in 2022 at $6.82B, dropped to $5.78B in 2023, and partially recovered to $6.35B in 2024. Key ratios and implications: the company’s leverage (liabilities/assets) moved from ~73% in 2021 down to ~68% in 2022 and back to ~72–73% in 2023–24, while equity as a share of assets rose to ~31.9% in 2022 then settled around ~27–28% thereafter. The 2024 asset increase accompanied by a sizable rise in liabilities suggests growth financed substantially with debt or fund-related payables; the equity swings (large gain in 2022, drop in 2023, partial rebound in 2024) are consistent with valuation volatility, realized gains/losses and distributions common in private‑equity/alternative-asset managers like Carlyle. Finally, note the 2025 row contains zeros and should be treated as missing data for any forward-looking analysis.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.