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: 2019 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 28, 2020) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Operating Activities | |||
| Net Income | $ 3,865,967 | 3,263,551 | 3,374,942 |
| Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities Blackstone Funds Related | |||
| Net Realized Gains on Investments | (2,242,227) | (2,381,683) | (4,613,531) |
| Changes in Unrealized Gains on Investments | (324,448) | 4,784 | (21,589) |
| Non-Cash Performance Allocations | (1,126,332) | (561,373) | 105,472 |
| Non-Cash Performance Allocations and Incentive Fee Compensation | 1,234,455 | 1,053,690 | 1,491,040 |
| Equity-Based Compensation Expense | 417,092 | 366,928 | 338,687 |
| Amortization of Intangibles | 70,999 | 59,021 | 46,776 |
| Other Non-Cash Amounts Included in Net Income | (448,241) | 45,286 | 363,903 |
| Cash Flows Due to Changes in Operating Assets and Liabilities | |||
| Cash Acquired with Consolidation of Fund Entity | 31,422 | 13,822 | |
| Cash Relinquished with Deconsolidation of Fund Entities | (899,959) | (33,566) | |
| Accounts Receivable | (237,751) | 43,037 | 282,026 |
| Reverse Repurchase Agreements | 118,495 | ||
| Due from Affiliates | (451,302) | (280,674) | (298,501) |
| Other Assets | (50,017) | (76,596) | 17,377 |
| Accrued Compensation and Benefits | (382,120) | (729,109) | (1,177,852) |
| Securities Sold, Not Yet Purchased | (72,645) | (10,125) | (62,730) |
| Accounts Payable, Accrued Expenses and Other Liabilities | (324,358) | (357,582) | (755,232) |
| Repurchase Agreements | (68,084) | 103,362 | 43,516 |
| Due to Affiliates | (5,250) | 74,108 | (9,652) |
| Investments Purchased | (8,537,874) | (13,881,869) | (19,573,153) |
| Cash Proceeds from Sale of Investments | 10,645,243 | 14,179,523 | 18,723,355 |
| Net Cash Provided by (Used in) Operating Activities | 1,963,107 | 45,742 | (1,626,395) |
| Investing Activities | |||
| Purchase of Furniture, Equipment and Leasehold Improvements | (60,280) | (18,377) | (24,347) |
| Net Cash Paid for Acquisitions, Net of Cash Acquired | (98,219) | (168,913) | |
| Net Cash Used in Investing Activities | (60,280) | (116,596) | (193,260) |
| Financing Activities | |||
| Distributions to Non-Controlling Interest Holders in Consolidated Entities | (765,849) | (762,588) | (813,987) |
| Contributions from Non-Controlling Interest Holders in Consolidated Entities | 764,863 | 836,922 | 759,907 |
| Payments Under Tax Receivable Agreement | (84,640) | (135,831) | |
| Net Settlement of Vested Class A Common Stock and Repurchase of Class A Common Stock and Blackstone Holdings Partnership Units | (585,340) | (567,161) | (30,192) |
| Proceeds from Loans Payable | 1,549,732 | 3,218,399 | 7,600,153 |
| Repayment and Repurchase of Loans Payable | (403,401) | (1,009,354) | (1,766,129) |
| Dividends/Distributions to Shareholders and Unitholders | (2,396,744) | (3,046,404) | (2,842,582) |
| Net Cash Provided by (Used in) Financing Activities | (1,921,379) | (1,330,186) | 2,771,339 |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents and Cash Held by Blackstone Funds and Other | (2,958) | 9,712 | 123,850 |
| Cash and Cash Equivalents and Cash Held by Blackstone Funds and Other | |||
| Net Increase (Decrease) | (21,510) | (1,391,328) | 1,075,534 |
| Beginning of Period | 2,545,161 | 3,936,489 | |
| End of Period | 2,523,651 | 2,545,161 | 3,936,489 |
| Supplemental Disclosure of Cash Flows Information | |||
| Payments for Interest | 167,458 | 169,872 | 160,178 |
| Payments for Income Taxes | 159,302 | 192,790 | 106,032 |
| Supplemental Disclosure of Non-Cash Investing and Financing Activities | |||
| Non-Cash Contributions from Non-Controlling Interest Holders | 10,078 | 10,435 | 1,112 |
| Non-Cash Distributions to Non-Controlling Interest Holders | (392) | (18,723) | (69,721) |
| Non-Cash Consideration for Acquisition | (50,803) | (95,262) | |
| Net Assets Related to the Consolidation of a Fund Entity | 387,006 | ||
| Notes Issuance Costs | 11,143 | 5,582 | |
| Transfer of Interests to Non-Controlling Interest Holders | (3,115) | 20,188 | (6,016) |
| Change in The Blackstone Group Inc.'s Ownership Interest | 60,344 | 66,799 | (15,197) |
| Net Settlement of Vested Class A Common Stock | 102,028 | 136,238 | 127,392 |
| Conversion of Blackstone Holdings Units to Class A Common Stock | 128,635 | 100,397 | 59,334 |
| Acquisition of Ownership Interests from Non-Controlling Interest Holders | |||
| Deferred Tax Asset | (149,513) | (93,391) | (74,487) |
| Due to Affiliates | 120,791 | 79,484 | 63,430 |
| Equity | 28,722 | 13,907 | 11,057 |
| Issuance of New Shares/Units | 24,970 | ||
| External Links | |
| BLACKSTONE INC. (BX) Fiscal Year 2019 | |
| 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 |