Expanding Reach and Growth Opportunities
DE Bridge
TPG
2018
2019
2020
2021
3Q22
3Q22 LTM
GAAP Net Income
$711
$1,180
$1,439
$4,656
$53
$787
Net (income) attributable to redeemable interests in Public SPACS
27
10
196
(155)
(7)
(35)
Net (income) attributable to non-controlling interests in consolidated TPG Funds
Net (income) attributable to other non-controlling interests
(19)
(58)
12
(19)
(11)
(407)
(561)
(549)
(2,081)
(15)
(421)
Gain on deconsolidation
(402)
Amortization expense
Equity-based compensation
Unrealized performance allocations, net
Unrealized investment income
Unrealized (gain) on derivatives
Income tax
Proceeds from sale of non-controlling interests
Non-recurring and other
After-tax Distributable Earnings
Reorganization and offering adjustments¹
After-Tax Pro Forma Distributable Earnings
Income taxes
Pre-Tax Pro Forma Distributable Earnings
Note: Figures may not sum due to rounding.
14
3
23
144
481
--
82
(153)
(267)
(857)
(48)
(61)
(17)
(37)
(20)
(295)
(2)
36
2
2
21
(21)
(0)
(5)
(8)
(11)
11
11
11
(10)
(2)
(7)
(3)
380
393
441
1,240
113
781
(310)
(214)
(209)
(702)
(170)
71
179
232
538
113
611
11
15
34
9
44
$75
$190
$247
$572
$121
$655
1. See the public TPG Prospectus dated January 12, 2022 for a full description of pro forma adjustments for 2018 and 2019, and the TPG 4Q21 Earnings Release dated March 28, 2022 for a full description of pro forma adjustments for 2020 and 2021.
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