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 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 |
| 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 |