10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||||||||||||
| |||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BLACKSTONE INC. | |||
Ticker: BX Fiscal Year: 2020 | |||
Consolidated Statements of Operations | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 26, 2021) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Revenues | |||
| Investment Income | |||
| Performance Allocations | |||
| Realized | $ 2,106,000 | 1,739,000 | 1,876,507 |
| Unrealized | (384,393) | 1,126,332 | 561,373 |
| Principal Investments | |||
| Realized | 391,628 | 393,478 | 415,862 |
| Unrealized | (114,607) | 215,003 | 49,917 |
| Total Investment Income | 1,998,628 | 3,473,813 | 2,903,659 |
| Interest and Dividend Revenue | 125,231 | 182,398 | 171,947 |
| Other | (253,142) | 79,993 | 672,317 |
| Total Revenues | 6,101,927 | 7,338,270 | 6,833,259 |
| Expenses | |||
| Compensation and Benefits Compensation | 1,855,619 | 1,820,330 | 1,609,957 |
| Incentive Fee Compensation | 44,425 | 44,300 | 33,916 |
| Performance Allocations Compensation | |||
| Realized | 843,230 | 662,942 | 711,076 |
| Unrealized | (154,516) | 540,285 | 319,742 |
| Total Compensation and Benefits | 2,588,758 | 3,067,857 | 2,674,691 |
| General, Administrative and Other | 711,782 | 679,408 | 594,873 |
| Interest Expense | 166,162 | 199,648 | 163,990 |
| Fund Expenses | 12,864 | 17,738 | 78,486 |
| Total Expenses | 3,479,566 | 3,964,651 | 3,512,040 |
| Other Income (Loss) | |||
| Change in Tax Receivable Agreement Liability | (35,383) | 161,567 | |
| Net Gains from Fund Investment Activities | 30,542 | 282,829 | 191,722 |
| Total Other Income (Loss) | (4,841) | 444,396 | 191,722 |
| Income Before Provision (Benefit) for Taxes | 2,617,520 | 3,818,015 | 3,512,941 |
| Provision (Benefit) for Taxes | 356,014 | (47,952) | 249,390 |
| Net Income (Loss) | 2,261,506 | 3,865,967 | 3,263,551 |
| Net Loss Attributable to Redeemable Non-Controlling Interests in Consolidated Entities | (13,898) | (121) | (2,104) |
| Net Income Attributable to Non-Controlling Interests in Consolidated Entities | 217,117 | 476,779 | 358,878 |
| Net Income Attributable to Non-Controlling Interests in Blackstone Holdings | 1,012,924 | 1,339,627 | 1,364,989 |
| Net Income Attributable to The Blackstone Group Inc. | 1,045,363 | 2,049,682 | 1,541,788 |
| Net Income Per Share of Class A Common Stock | |||
| Basic | 1.50 | 3.03 | 2.27 |
| Diluted | 1.50 | 3.03 | 2.26 |
| Weighted-Average Shares of Class A Common Stock Outstanding | |||
| Basic | 696,933,548 | 675,900,466 | 678,850,245 |
| Diluted | 697,258,296 | 676,167,851 | 1,206,962,846 |
| Product and Service | |||
| Management and Advisory Fees, Net | |||
| Revenues | 4,092,549 | 3,472,155 | 3,027,796 |
| Incentive Fees | |||
| Revenues | 138,661 | 129,911 | 57,540 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BLACKSTONE INC. | |||
Ticker: BX Fiscal Year: 2020 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 26, 2021) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Net Income | $ 2,261,506 | 3,865,967 | 3,263,551 |
| Other Comprehensive Income (Loss) - Currency Translation Adjustment | 23,199 | 14,332 | (33,506) |
| Comprehensive Income | 2,284,705 | 3,880,299 | 3,230,045 |
| Less: Comprehensive Loss Attributable to Redeemable Non-Controlling Interests in Consolidated Entities | (13,898) | (121) | (2,104) |
| Comprehensive Income Attributable to Non-Controlling Interests in Consolidated Entities | 217,117 | 476,779 | 356,488 |
| Comprehensive Income Attributable to Non-Controlling Interests in Blackstone Holdings | 1,023,459 | 1,345,980 | 1,336,331 |
| Comprehensive Income Attributable to Non-Controlling Interests | 1,226,678 | 1,822,638 | 1,690,715 |
| Comprehensive Income Attributable to The Blackstone Group Inc. | 1,058,027 | 2,057,661 | 1,539,330 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BLACKSTONE INC. | |||
Ticker: BX Fiscal Year: 2020 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 26, 2021) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Operating Activities | |||
| Net Income | $ 2,261,506 | 3,865,967 | 3,263,551 |
| Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities | |||
| Net Realized Gains on Investments | (2,468,801) | (2,242,227) | (2,381,683) |
| Changes in Unrealized (Gains) Losses on Investments | 54,244 | (324,448) | 4,784 |
| Non-Cash Performance Allocations | 384,393 | (1,126,332) | (561,373) |
| Non-Cash Performance Allocations and Incentive Fee Compensation | 715,587 | 1,234,455 | 1,053,690 |
| Equity-Based Compensation Expense | 438,341 | 417,092 | 366,928 |
| Amortization of Intangibles | 71,053 | 70,999 | 59,021 |
| Other Non-Cash Amounts Included in Net Income | 58,854 | (448,241) | 45,286 |
| Cash Flows Due to Changes in Operating Assets and Liabilities | |||
| Cash Acquired with Consolidation of Fund Entity | 0 | 0 | 31,422 |
| Cash Relinquished with Deconsolidation of Fund Entities | (257,544) | 0 | (899,959) |
| Accounts Receivable | 70,053 | (237,751) | 43,037 |
| Due from Affiliates | (402,488) | (451,302) | (280,674) |
| Other Assets | (22,704) | (50,017) | (76,596) |
| Accrued Compensation and Benefits | (1,077,195) | (382,120) | (729,109) |
| Securities Sold, Not Yet Purchased | (26,840) | (72,645) | (10,125) |
| Accounts Payable, Accrued Expenses and Other Liabilities | 119,906 | (324,358) | (357,582) |
| Repurchase Agreements | (77,310) | (68,084) | 103,362 |
| Due to Affiliates | 32,415 | (5,250) | 74,108 |
| Investments Purchased | (7,179,951) | (8,537,874) | (13,881,869) |
| Cash Proceeds from Sale of Investments | 9,242,426 | 10,645,243 | 14,179,523 |
| Net Cash Provided by Operating Activities | 1,935,945 | 1,963,107 | 45,742 |
| Investing Activities | |||
| Purchase of Furniture, Equipment and Leasehold Improvements | (111,650) | (60,280) | (18,377) |
| Net Cash Paid for Acquisitions, Net of Cash Acquired | (55,170) | 0 | (98,219) |
| Net Cash Used in Investing Activities | (166,820) | (60,280) | (116,596) |
| Financing Activities | |||
| Distributions to Non-Controlling Interest Holders in Consolidated Entities | (747,491) | (765,849) | (762,588) |
| Contributions from Non-Controlling Interest Holders in Consolidated Entities | 581,077 | 764,863 | 836,922 |
| Payments Under Tax Receivable Agreement | (73,881) | (84,640) | 0 |
| Net Settlement of Vested Class A Common stock and Repurchase of Class A Common Stock and Blackstone Holdings Partnership Units | (504,912) | (585,340) | (567,161) |
| Proceeds from Loans Payable | 888,636 | 1,549,732 | 3,218,399 |
| Repayment and Repurchase of Loans Payable | (1,889) | (403,401) | (1,009,354) |
| Dividends/Distributions to Shareholders and Unitholders | (2,385,576) | (2,396,744) | (3,046,404) |
| Net Cash Used in Financing Activities | (2,244,036) | (1,921,379) | (1,330,186) |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents and Cash Held by Blackstone Funds and Other | 15,716 | (2,958) | 9,712 |
| Cash and Cash Equivalents and Cash Held by Blackstone Funds and Other | |||
| Net Decrease | (459,195) | (21,510) | (1,391,328) |
| Beginning of Period | 2,523,651 | 2,545,161 | |
| End of Period | 2,064,456 | 2,523,651 | 2,545,161 |
| Supplemental Disclosure of Cash Flows Information | |||
| Payments for Interest | 176,620 | 167,458 | 169,872 |
| Payments for Income Taxes | 209,182 | 159,302 | 192,790 |
| Supplemental Disclosure of Non-Cash Investing and Financing Activities | |||
| Non-Cash Contributions from Non-Controlling Interest Holders | 19,202 | 10,078 | 10,435 |
| Non-Cash Distributions to Non-Controlling Interest Holders | 0 | (392) | (18,723) |
| Non-Cash Consideration for Acquisition | 0 | 0 | (50,803) |
| Notes Issuance Costs | 8,273 | 0 | 0 |
| Transfer of Interests to Non-Controlling Interest Holders | (6,013) | (3,115) | 20,188 |
| Change in The Blackstone Group Inc.'s Ownership Interest | 10,476 | 60,344 | 66,799 |
| Net Settlement of Vested Class A Common Stock | 123,478 | 102,028 | 136,238 |
| Conversion of Blackstone Holdings Units to Class A Common Stock | 123,710 | 128,635 | 100,397 |
| Acquisition of Ownership Interests from Non-Controlling Interest Holders | |||
| Deferred Tax Asset | (242,282) | (149,513) | (93,391) |
| Due to Affiliates | 218,955 | 120,791 | 79,484 |
| Equity | 23,327 | 28,722 | 13,907 |
| Issuance of New Shares/Units | 0 | 0 | 24,970 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
BLACKSTONE INC. | ||
Ticker: BX Fiscal Year: 2020 | ||
Consolidated Statements of Financial Condition | ||
Period Ending Dec 31, 2020 10-K (Filed: Feb 26, 2021) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2020 | Dec 31, 2019 | |
| Assets | ||
| Cash and Cash Equivalents | $ 1,999,484 | 2,172,441 |
| Cash Held by Blackstone Funds and Other | 64,972 | 351,210 |
| Investments (including assets pledged of $110,835 and $196,094 at December 31, 2020 and December 31, 2019, respectively) | 15,617,142 | 22,281,682 |
| Accounts Receivable | 866,158 | 975,075 |
| Due from Affiliates | 3,221,515 | 2,594,873 |
| Intangible Assets, Net | 347,955 | 397,508 |
| Goodwill | 1,901,485 | 1,869,860 |
| Other Assets | 481,022 | 382,493 |
| Right-of-Use Assets | 526,943 | 471,059 |
| Deferred Tax Assets | 1,242,576 | 1,089,305 |
| Total Assets | 26,269,252 | 32,585,506 |
| Liabilities and Equity | ||
| Loans Payable | 5,644,653 | 11,080,723 |
| Due to Affiliates | 1,135,041 | 1,026,871 |
| Accrued Compensation and Benefits | 3,433,260 | 3,796,044 |
| Securities Sold, Not Yet Purchased | 51,033 | 75,545 |
| Repurchase Agreements | 76,808 | 154,118 |
| Operating Lease Liabilities | 620,844 | 542,994 |
| Accounts Payable, Accrued Expenses and Other Liabilities | 717,104 | 806,159 |
| Total Liabilities | 11,678,743 | 17,482,454 |
| Commitments and Contingencies | ||
| Redeemable Non-Controlling Interests in Consolidated Entities | 65,161 | 87,651 |
| Stockholders' Equity of The Blackstone Group Inc. | ||
| Additional Paid-in-Capital | 6,332,105 | 6,428,647 |
| Retained Earnings | 335,762 | 609,625 |
| Accumulated Other Comprehensive Loss | (15,831) | (28,495) |
| Total Stockholders' Equity of The Blackstone Group Inc. | 6,652,043 | 7,009,784 |
| Non-Controlling Interests in Consolidated Entities | 4,042,157 | 4,186,069 |
| Non-Controlling Interests in Blackstone Holdings | 3,831,148 | 3,819,548 |
| Total Equity | 14,525,348 | 15,015,401 |
| Total Liabilities and Equity | 26,269,252 | 32,585,506 |
| Class of Stock | ||
| Common Class A | ||
| Common Stock, Value, Issued | 7 | 7 |
| Common Class B | ||
| Common Stock, Value, Issued | 0 | 0 |
| Common Class C | ||
| Common Stock, Value, Issued | 0 | 0 |
| External Links | |
| BLACKSTONE INC. (BX) Fiscal Year 2020 | |
| 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 |