10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BLACKSTONE INC. | |||
Ticker: BX Fiscal Year: 2022 | |||
Consolidated Statements of Operations | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 24, 2023) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Revenues | |||
| Investment Income (Loss) | |||
| Performance Allocations | |||
| Realized | $ 5,381,640 | 5,653,452 | 2,106,000 |
| Unrealized | (3,435,056) | 8,675,246 | (384,393) |
| Principal Investments | |||
| Realized | 850,327 | 1,003,822 | 391,628 |
| Unrealized | (1,563,849) | 1,456,201 | (114,607) |
| Total Investment Income | 1,233,062 | 16,788,721 | 1,998,628 |
| Interest and Dividend Revenue | 271,612 | 160,643 | 125,231 |
| Other | 184,557 | 203,086 | (253,142) |
| Total Revenues | 8,517,673 | 22,577,148 | 6,101,927 |
| Expenses | |||
| Compensation and Benefits Compensation | 2,569,780 | 2,161,973 | 1,855,619 |
| Incentive Fee Compensation | 207,998 | 98,112 | 44,425 |
| Performance Allocations Compensation | |||
| Realized | 2,225,264 | 2,311,993 | 843,230 |
| Unrealized | (1,470,588) | 3,778,048 | (154,516) |
| Total Compensation and Benefits | 3,532,454 | 8,350,126 | 2,588,758 |
| General, Administrative and Other | 1,092,671 | 917,847 | 711,782 |
| Interest Expense | 317,225 | 198,268 | 166,162 |
| Fund Expenses | 30,675 | 10,376 | 12,864 |
| Total Expenses | 4,973,025 | 9,476,617 | 3,479,566 |
| Other Income (Loss) | |||
| Change in Tax Receivable Agreement Liability | 22,283 | (2,759) | (35,383) |
| Net Gains (Losses) from Fund Investment Activities | (105,142) | 461,624 | 30,542 |
| Total Other Income (Loss) | (82,859) | 458,865 | (4,841) |
| Income Before Provision for Taxes | 3,461,789 | 13,559,396 | 2,617,520 |
| Provision for Taxes | 472,880 | 1,184,401 | 356,014 |
| Net Income (Loss) | 2,988,909 | 12,374,995 | 2,261,506 |
| Net Income (Loss) Attributable to Redeemable Non-Controlling Interests in Consolidated Entities | (142,890) | 5,740 | (13,898) |
| Net Income Attributable to Non-Controlling Interests in Consolidated Entities | 107,766 | 1,625,306 | 217,117 |
| Net Income Attributable to Non-Controlling Interests in Blackstone Holdings | 1,276,402 | 4,886,552 | 1,012,924 |
| Net Income Attributable to Blackstone Inc. | 1,747,631 | 5,857,397 | 1,045,363 |
| Net Income Per Share of Common Stock | |||
| Basic | 2.36 | 8.14 | 1.50 |
| Diluted | 2.36 | 8.13 | 1.50 |
| Weighted-Average Shares of Common Stock Outstanding | |||
| Basic | 740,664,038 | 719,766,879 | 696,933,548 |
| Diluted | 740,942,399 | 720,125,043 | 697,258,296 |
| Product and Service | |||
| Management and Advisory Fees, Net | |||
| Revenues | 6,303,315 | 5,170,707 | 4,092,549 |
| Incentive Fees | |||
| Revenues | 525,127 | 253,991 | 138,661 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BLACKSTONE INC. | |||
Ticker: BX Fiscal Year: 2022 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 24, 2023) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Net Income | $ 2,988,909 | 12,374,995 | 2,261,506 |
| Other Comprehensive Income (Loss) - Currency Translation Adjustment | (32,523) | (5,814) | 23,199 |
| Comprehensive Income | 2,956,386 | 12,369,181 | 2,284,705 |
| Comprehensive Income (Loss) Attributable to Redeemable Non-Controlling Interests in Consolidated Entities | (163,263) | 5,740 | (13,898) |
| Comprehensive Income Attributable to Non-Controlling Interests in Consolidated Entities | 107,766 | 1,625,306 | 217,117 |
| Comprehensive Income Attributable to Non-Controlling Interests in Blackstone Holdings | 1,272,101 | 4,884,533 | 1,023,459 |
| Comprehensive Income Attributable to Non-Controlling Interests | 1,216,604 | 6,515,579 | 1,226,678 |
| Comprehensive Income Attributable to Blackstone Inc. | 1,739,782 | 5,853,602 | 1,058,027 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BLACKSTONE INC. | |||
Ticker: BX Fiscal Year: 2022 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 24, 2023) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Operating Activities | |||
| Net Income | $ 2,988,909 | 12,374,995 | 2,261,506 |
| Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities | |||
| Net Realized Gains on Investments | (6,474,051) | (6,949,544) | (2,468,801) |
| Changes in Unrealized (Gains) Losses on Investments | 1,828,364 | (1,748,824) | 54,244 |
| Non-Cash Performance Allocations | 3,435,055 | (8,675,246) | 384,393 |
| Non-Cash Performance Allocations and Incentive Fee Compensation | 931,288 | 6,159,529 | 715,587 |
| Equity-Based Compensation Expense | 846,349 | 637,441 | 438,341 |
| Amortization of Intangibles | 67,097 | 74,871 | 71,053 |
| Other Non-Cash Amounts Included in Net Income | (1,341,059) | (77,849) | 58,854 |
| Cash Flows Due to Changes in Operating Assets and Liabilities | |||
| Cash Acquired with Consolidation of Fund Entity | 31,791 | 0 | 0 |
| Cash Relinquished with Deconsolidation of Fund Entities | 0 | 0 | (257,544) |
| Accounts Receivable | 177,832 | 288,306 | 70,053 |
| Due from Affiliates | 654,290 | (1,124,667) | (402,488) |
| Other Assets | (26,853) | (4,792) | (22,704) |
| Accrued Compensation and Benefits | (2,197,446) | (1,692,562) | (1,077,195) |
| Securities Sold, Not Yet Purchased | (22,964) | (22,418) | (26,840) |
| Accounts Payable, Accrued Expenses and Other Liabilities | 149,019 | 152,209 | 119,906 |
| Repurchase Agreements | 31,964 | (18,828) | (77,310) |
| Due to Affiliates | 117,219 | 81,922 | 32,415 |
| Investments Purchased | (5,228,723) | (7,439,964) | (7,179,951) |
| Cash Proceeds from Sale of Investments | 10,368,172 | 11,971,409 | 9,242,426 |
| Net Cash Provided by Operating Activities | 6,336,253 | 3,985,988 | 1,935,945 |
| Investing Activities | |||
| Purchase of Furniture, Equipment and Leasehold Improvements | (235,497) | (64,316) | (111,650) |
| Net Cash Paid for Acquisitions, Net of Cash Acquired | 0 | 0 | (55,170) |
| Net Cash Used in Investing Activities | (235,497) | (64,316) | (166,820) |
| Financing Activities | |||
| Distributions to Non-Controlling Interest Holders in Consolidated Entities | (1,271,907) | (1,347,631) | (747,491) |
| Contributions from Non-Controlling Interest Holders in Consolidated Entities | 1,268,297 | 1,275,211 | 581,077 |
| Payments Under Tax Receivable Agreement | (46,880) | (51,366) | (73,881) |
| Net Settlement of Vested Common Stock and Repurchase of Common Stock and Blackstone Holdings Partnership Units | (465,956) | (1,272,774) | (504,912) |
| Proceeds from Loans Payable | 3,521,544 | 2,222,544 | 888,636 |
| Repayment and Repurchase of Loans Payable | (280,768) | 0 | (1,889) |
| Dividends/Distributions to Stockholders and Unitholders | (6,518,785) | (4,602,574) | (2,385,576) |
| Net Cash Used in Financing Activities | (3,794,455) | (3,776,590) | (2,244,036) |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents and Cash Held by Blackstone Funds and Other | (12,318) | (9,806) | 15,716 |
| Cash and Cash Equivalents and Cash Held by Blackstone Funds and Other | |||
| Net Increase (Decrease) | 2,293,983 | 135,276 | (459,195) |
| Beginning of Period | 2,199,732 | 2,064,456 | |
| End of Period | 4,493,715 | 2,199,732 | 2,064,456 |
| Supplemental Disclosure of Cash Flows Information | |||
| Payments for Interest | 261,886 | 194,166 | 176,620 |
| Payments for Income Taxes | 683,171 | 700,690 | 209,182 |
| Supplemental Disclosure of Non-Cash Investing and Financing Activities | |||
| Non-Cash Contributions from Non-Controlling Interest Holders | 34,286 | 11,647 | 19,202 |
| Notes Issuance Costs | 30,240 | 16,991 | 8,273 |
| Transfer of Interests to Non-Controlling Interest Holders | (11,463) | (2,994) | (6,013) |
| Change in Blackstone Inc.'s Ownership Interest | 36,824 | 10,494 | 10,476 |
| Net Settlement of Vested Common Stock | 387,332 | 219,558 | 123,478 |
| Conversion of Blackstone Holdings Units to Common Stock | 58,249 | 296,597 | 123,710 |
| Acquisition of Ownership Interests from Non-Controlling Interest Holders | |||
| Deferred Tax Asset | (120,167) | (807,309) | (242,282) |
| Due to Affiliates | 113,477 | 748,521 | 218,955 |
| Equity | 6,690 | 58,788 | 23,327 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
BLACKSTONE INC. | ||
Ticker: BX Fiscal Year: 2022 | ||
Consolidated Statements of Financial Condition | ||
Period Ending Dec 31, 2022 10-K (Filed: Feb 24, 2023) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2022 | Dec 31, 2021 | |
| Assets | ||
| Cash and Cash Equivalents | $ 4,252,003 | 2,119,738 |
| Cash Held by Blackstone Funds and Other | 241,712 | 79,994 |
| Investments | 27,553,251 | 28,665,043 |
| Accounts Receivable | 462,904 | 636,616 |
| Due from Affiliates | 4,146,707 | 4,656,867 |
| Intangible Assets, Net | 217,287 | 284,384 |
| Goodwill | 1,890,202 | 1,890,202 |
| Other Assets | 800,458 | 492,936 |
| Right-of-Use Assets | 896,981 | 788,991 |
| Deferred Tax Assets | 2,062,722 | 1,581,637 |
| Total Assets | 42,524,227 | 41,196,408 |
| Liabilities and Equity | ||
| Loans Payable | 12,349,584 | 7,748,163 |
| Due to Affiliates | 2,118,481 | 1,906,098 |
| Accrued Compensation and Benefits | 6,101,801 | 7,905,070 |
| Securities Sold, Not Yet Purchased | 3,825 | 27,849 |
| Repurchase Agreements | 89,944 | 57,980 |
| Operating Lease Liabilities | 1,021,454 | 908,033 |
| Accounts Payable, Accrued Expenses and Other Liabilities | 1,158,071 | 937,169 |
| Total Liabilities | 22,843,160 | 19,490,362 |
| Commitments and Contingencies | ||
| Redeemable Non-Controlling Interests in Consolidated Entities | 1,715,006 | 68,028 |
| Stockholders' Equity of Blackstone Inc. | ||
| Common Stock, $0.00001 par value, 90 billion shares authorized, (710,276,923 shares issued and outstanding as of December 31, 2022; 704,339,774 shares issued and outstanding as of December 31, 2021) | 7 | 7 |
| Additional Paid-in-Capital | 5,935,273 | 5,794,727 |
| Retained Earnings | 1,748,106 | 3,647,785 |
| Accumulated Other Comprehensive Loss | (27,475) | (19,626) |
| Total Stockholders' Equity of Blackstone Inc. | 7,655,911 | 9,422,893 |
| Non-Controlling Interests in Consolidated Entities | 5,056,480 | 5,600,653 |
| Non-Controlling Interests in Blackstone Holdings | 5,253,670 | 6,614,472 |
| Total Equity | 17,966,061 | 21,638,018 |
| Total Liabilities and Equity | 42,524,227 | 41,196,408 |
| Class of Stock | ||
| Series I Preferred Stock | ||
| Preferred Stock, Value, Issued | 0 | 0 |
| Series II Preferred Stock | ||
| Preferred Stock, Value, Issued | 0 | 0 |
| External Links | |
| BLACKSTONE INC. (BX) Fiscal Year 2022 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |