In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 |
| 10-K | 10-K | 10-K | 10-K | S-1 |
Revenues: |
Real Estate Products | 99.3 | | | | |
Realized performance income | 12.2 | 5.9 | 194.9 | 124.0 | |
Direct Lending Products | 752.0 | 571.0 | 249.8 | 190.9 | |
Administrative, transaction and other fees | 145.9 | 150.0 | 54.9 | 66.9 | |
Other | 360.3 | 96.9 | | | |
Total revenues | 1,369.7 | 823.9 | 249.8 | 190.9 | 121.2 |
Revenue growth [+] | 66.3% | 229.8% | 30.9% | 57.4% | |
Realized performance income | 106.9% | -97.0% | 57.2% | | |
Direct Lending Products | 31.7% | 128.6% | 30.9% | | |
Administrative, transaction and other fees | -2.8% | 173.2% | -17.9% | | |
GP Capital Solutions Products | 105.0% | | | | |
Cost of goods sold | 894.7 | 1,497.0 | 240.7 | 111.8 | 59.5 |
Gross profit | 475.0 | -673.1 | 9.1 | 79.1 | 61.8 |
Gross margin | 34.7% | -81.7% | 3.6% | 41.4% | 50.9% |
Selling, general and administrative [+] | 220.6 | 140.3 | 67.8 | 51.7 | 63.4 |
General and administrative | 220.6 | 140.3 | 67.8 | 51.7 | 63.4 |
Other operating expenses | -90.3 | 34.0 | -23.8 | -6.7 | |
EBITDA [+] | 347.1 | -846.7 | -34.2 | 34.9 | -1.3 |
EBITDA growth | -141.0% | 2373.1% | -198.2% | -2711.1% | |
EBITDA margin | 25.3% | -102.8% | -13.7% | 18.3% | -1.1% |
Depreciation | 2.3 | 0.7 | 0.7 | 0.8 | 0.3 |
EBITA | 344.8 | -847.4 | -34.9 | 34.0 | -1.6 |
EBITA margin | 25.2% | -102.9% | -14.0% | 17.8% | -1.4% |
Amortization of intangibles | 256.9 | 113.9 | | | |
EBIT [+] | 87.9 | -961.3 | -34.9 | 34.0 | -1.6 |
EBIT growth | -109.1% | 2653.6% | -202.6% | -2176.2% | |
EBIT margin | 6.4% | -116.7% | -14.0% | 17.8% | -1.4% |
Interest expense | 55.7 | 27.3 | 23.8 | 6.7 | 1.1 |
Interest expense | 55.7 | 27.3 | 23.8 | 6.7 | 1.1 |
Other income (expense), net [+] | -81.8 | -878.9 | -23.8 | -6.7 | |
Gain (loss) on investments | -0.1 | -3.5 | | | |
Gain (loss) on debt retirement | | -17.6 | | | |
Change in fair value of warrants | 34.6 | -43.7 | | | |
Pre-tax income | -49.6 | -1,867.5 | -82.5 | 20.7 | -2.8 |
Income taxes | -9.4 | -65.2 | -0.1 | 0.2 | -0.2 |
Tax rate | 18.9% | 3.5% | 0.1% | 1.2% | 6.5% |
Minority interest | -30.9 | -1,426.1 | -4.6 | -2.5 | -4.6 |
Net income | -9.3 | -376.2 | -77.8 | 23.0 | 2.0 |
Net margin | -0.7% | -45.7% | -31.2% | 12.0% | 1.7% |
|
Basic EPS | ($0.02) | | | | |
Diluted EPS | ($0.02) | | | | |
|
Dividends per share [+] | $0.43 | $0.13 | | | |
Growth | 230.8% | | | | |
|
Shares outstanding (basic) | 433.4 | | | | |
Shares outstanding (diluted) | 433.4 | | | | |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |