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: 2021 | |||
Consolidated Statements of Operations | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 25, 2022) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Revenues | |||
| Investment Income | |||
| Performance Allocations | |||
| Realized | $ 5,653,452 | 2,106,000 | 1,739,000 |
| Unrealized | 8,675,246 | (384,393) | 1,126,332 |
| Principal Investments | |||
| Realized | 1,003,822 | 391,628 | 393,478 |
| Unrealized | 1,456,201 | (114,607) | 215,003 |
| Total Investment Income | 16,788,721 | 1,998,628 | 3,473,813 |
| Interest and Dividend Revenue | 160,643 | 125,231 | 182,398 |
| Other | 203,086 | (253,142) | 79,993 |
| Total Revenues | 22,577,148 | 6,101,927 | 7,338,270 |
| Expenses | |||
| Compensation and Benefits Compensation | 2,161,973 | 1,855,619 | 1,820,330 |
| Incentive Fee Compensation | 98,112 | 44,425 | 44,300 |
| Performance Allocations Compensation | |||
| Realized | 2,311,993 | 843,230 | 662,942 |
| Unrealized | 3,778,048 | (154,516) | 540,285 |
| Total Compensation and Benefits | 8,350,126 | 2,588,758 | 3,067,857 |
| General, Administrative and Other | 917,847 | 711,782 | 679,408 |
| Interest Expense | 198,268 | 166,162 | 199,648 |
| Fund Expenses | 10,376 | 12,864 | 17,738 |
| Total Expenses | 9,476,617 | 3,479,566 | 3,964,651 |
| Other Income (Loss) | |||
| Change in Tax Receivable Agreement Liability | (2,759) | (35,383) | 161,567 |
| Net Gains from Fund Investment Activities | 461,624 | 30,542 | 282,829 |
| Total Other Income (Loss) | 458,865 | (4,841) | 444,396 |
| Income Before Provision (Benefit) for Taxes | 13,559,396 | 2,617,520 | 3,818,015 |
| Provision (Benefit) for Taxes | 1,184,401 | 356,014 | (47,952) |
| Net Income (Loss) | 12,374,995 | 2,261,506 | 3,865,967 |
| Net Income (Loss) Attributable to Redeemable Non-Controlling Interests in Consolidated Entities | 5,740 | (13,898) | (121) |
| Net Income Attributable to Non-Controlling Interests in Consolidated Entities | 1,625,306 | 217,117 | 476,779 |
| Net Income Attributable to Non-Controlling Interests in Blackstone Holdings | 4,886,552 | 1,012,924 | 1,339,627 |
| Net Income Attributable to Blackstone Inc. | 5,857,397 | 1,045,363 | 2,049,682 |
| Net Income Per Share of Common Stock | |||
| Basic | 8.14 | 1.50 | 3.03 |
| Diluted | 8.13 | 1.50 | 3.03 |
| Weighted-Average Shares of Common Stock Outstanding | |||
| Basic | 719,766,879 | 696,933,548 | 675,900,466 |
| Diluted | 720,125,043 | 697,258,296 | 676,167,851 |
| Product and Service | |||
| Management and Advisory Fees, Net | |||
| Revenues | 5,170,707 | 4,092,549 | 3,472,155 |
| Incentive Fees | |||
| Revenues | 253,991 | 138,661 | 129,911 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BLACKSTONE INC. | |||
Ticker: BX Fiscal Year: 2021 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 25, 2022) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Net Income | $ 12,374,995 | 2,261,506 | 3,865,967 |
| Other Comprehensive Income (Loss) - Currency Translation Adjustment | (5,814) | 23,199 | 14,332 |
| Comprehensive Income | 12,369,181 | 2,284,705 | 3,880,299 |
| Less: Comprehensive Income (Loss) Attributable to Redeemable Non-Controlling Interests in Consolidated Entities | 5,740 | (13,898) | (121) |
| Comprehensive Income Attributable to Non-Controlling Interests in Consolidated Entities | 1,625,306 | 217,117 | 476,779 |
| Comprehensive Income Attributable to Non-Controlling Interests in Blackstone Holdings | 4,884,533 | 1,023,459 | 1,345,980 |
| Comprehensive Income Attributable to Non-Controlling Interests | 6,515,579 | 1,226,678 | 1,822,638 |
| Comprehensive Income Attributable to Blackstone Inc. | 5,853,602 | 1,058,027 | 2,057,661 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BLACKSTONE INC. | |||
Ticker: BX Fiscal Year: 2021 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 25, 2022) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Operating Activities | |||
| Net Income | $ 12,374,995 | 2,261,506 | 3,865,967 |
| Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities | |||
| Net Realized Gains on Investments | (6,949,544) | (2,468,801) | (2,242,227) |
| Changes in Unrealized (Gains) Losses on Investments | (1,748,824) | 54,244 | (324,448) |
| Non-Cash Performance Allocations | (8,675,246) | 384,393 | (1,126,332) |
| Non-Cash Performance Allocations and Incentive Fee Compensation | 6,159,529 | 715,587 | 1,234,455 |
| Equity-Based Compensation Expense | 637,441 | 438,341 | 417,092 |
| Amortization of Intangibles | 74,871 | 71,053 | 70,999 |
| Other Non-Cash Amounts Included in Net Income | (77,849) | 58,854 | (448,241) |
| Cash Flows Due to Changes in Operating Assets and Liabilities | |||
| Cash Relinquished with Deconsolidation of Fund Entities | 0 | (257,544) | 0 |
| Accounts Receivable | 288,306 | 70,053 | (237,751) |
| Due from Affiliates | (1,124,667) | (402,488) | (451,302) |
| Other Assets | (4,792) | (22,704) | (50,017) |
| Accrued Compensation and Benefits | (1,692,562) | (1,077,195) | (382,120) |
| Securities Sold, Not Yet Purchased | (22,418) | (26,840) | (72,645) |
| Accounts Payable, Accrued Expenses and Other Liabilities | 152,209 | 119,906 | (324,358) |
| Repurchase Agreements | (18,828) | (77,310) | (68,084) |
| Due to Affiliates | 81,922 | 32,415 | (5,250) |
| Investments Purchased | (7,439,964) | (7,179,951) | (8,537,874) |
| Cash Proceeds from Sale of Investments | 11,971,409 | 9,242,426 | 10,645,243 |
| Net Cash Provided by Operating Activities | 3,985,988 | 1,935,945 | 1,963,107 |
| Investing Activities | |||
| Purchase of Furniture, Equipment and Leasehold Improvements | (64,316) | (111,650) | (60,280) |
| Net Cash Paid for Acquisitions, Net of Cash Acquired | 0 | (55,170) | 0 |
| Net Cash Used in Investing Activities | (64,316) | (166,820) | (60,280) |
| Financing Activities | |||
| Distributions to Non-Controlling Interest Holders in Consolidated Entities | (1,347,631) | (747,491) | (765,849) |
| Contributions from Non-Controlling Interest Holders in Consolidated Entities | 1,275,211 | 581,077 | 764,863 |
| Payments Under Tax Receivable Agreement | (51,366) | (73,881) | (84,640) |
| Net Settlement of Vested Common Stock and Repurchase of Common Stock and Blackstone Holdings Partnership Units | (1,272,774) | (504,912) | (585,340) |
| Proceeds from Loans Payable | 2,222,544 | 888,636 | 1,549,732 |
| Repayment and Repurchase of Loans Payable | 0 | (1,889) | (403,401) |
| Dividends/Distributions to Shareholders and Unitholders | (4,602,574) | (2,385,576) | (2,396,744) |
| Net Cash Used in Financing Activities | (3,776,590) | (2,244,036) | (1,921,379) |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents and Cash Held by Blackstone Funds and Other | (9,806) | 15,716 | (2,958) |
| Cash and Cash Equivalents and Cash Held by Blackstone Funds and Other | |||
| Net Increase (Decrease) | 135,276 | (459,195) | (21,510) |
| Beginning of Period | 2,064,456 | 2,523,651 | |
| End of Period | 2,199,732 | 2,064,456 | 2,523,651 |
| Supplemental Disclosure of Cash Flows Information | |||
| Payments for Interest | 194,166 | 176,620 | 167,458 |
| Payments for Income Taxes | 700,690 | 209,182 | 159,302 |
| Supplemental Disclosure of Non-Cash Investing and Financing Activities | |||
| Non-Cash Contributions from Non-Controlling Interest Holders | 11,647 | 19,202 | 10,078 |
| Non-Cash Distributions to Non-Controlling Interest Holders | 0 | 0 | (392) |
| Notes Issuance Costs | 16,991 | 8,273 | 0 |
| Transfer of Interests to Non-Controlling Interest Holders | (2,994) | (6,013) | (3,115) |
| Change in Blackstone Inc.'s Ownership Interest | 10,494 | 10,476 | 60,344 |
| Net Settlement of Vested Common Stock | 219,558 | 123,478 | 102,028 |
| Conversion of Blackstone Holdings Units to Common Stock | 296,597 | 123,710 | 128,635 |
| Acquisition of Ownership Interests from Non-Controlling Interest Holders | |||
| Deferred Tax Asset | (807,309) | (242,282) | (149,513) |
| Due to Affiliates | 748,521 | 218,955 | 120,791 |
| Equity | 58,788 | 23,327 | 28,722 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
BLACKSTONE INC. | ||
Ticker: BX Fiscal Year: 2021 | ||
Consolidated Statements of Financial Condition | ||
Period Ending Dec 31, 2021 10-K (Filed: Feb 25, 2022) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2021 | Dec 31, 2020 | |
| Assets | ||
| Cash and Cash Equivalents | $ 2,119,738 | 1,999,484 |
| Cash Held by Blackstone Funds and Other | 79,994 | 64,972 |
| Investments (including assets pledged of $63,044 and $110,835 at December 31, 2021 and December 31, 2020, respectively) | 28,665,043 | 15,617,142 |
| Accounts Receivable | 636,616 | 866,158 |
| Due from Affiliates | 4,656,867 | 3,221,515 |
| Intangible Assets, Net | 284,384 | 347,955 |
| Goodwill | 1,890,202 | 1,901,485 |
| Other Assets | 492,936 | 481,022 |
| Right-of-Use Assets | 788,991 | 526,943 |
| Deferred Tax Assets | 1,581,637 | 1,242,576 |
| Total Assets | 41,196,408 | 26,269,252 |
| Liabilities and Equity | ||
| Loans Payable | 7,748,163 | 5,644,653 |
| Due to Affiliates | 1,906,098 | 1,135,041 |
| Accrued Compensation and Benefits | 7,905,070 | 3,433,260 |
| Securities Sold, Not Yet Purchased | 27,849 | 51,033 |
| Repurchase Agreements | 57,980 | 76,808 |
| Operating Lease Liabilities | 908,033 | 620,844 |
| Accounts Payable, Accrued Expenses and Other Liabilities | 937,169 | 717,104 |
| Total Liabilities | 19,490,362 | 11,678,743 |
| Commitments and Contingencies | ||
| Redeemable Non-Controlling Interests in Consolidated Entities | 68,028 | 65,161 |
| Stockholders' Equity of Blackstone Inc. | ||
| Common Stock, Value, Issued | 7 | 7 |
| Additional Paid-in-Capital | 5,794,727 | 6,332,105 |
| Retained Earnings | 3,647,785 | 335,762 |
| Accumulated Other Comprehensive Loss | (19,626) | (15,831) |
| Total Stockholders' Equity of Blackstone Inc. | 9,422,893 | 6,652,043 |
| Non-Controlling Interests in Consolidated Entities | 5,600,653 | 4,042,157 |
| Non-Controlling Interests in Blackstone Holdings | 6,614,472 | 3,831,148 |
| Total Equity | 21,638,018 | 14,525,348 |
| Total Liabilities and Equity | 41,196,408 | 26,269,252 |
| Class of Stock | ||
| Series I Preferred Stock | ||
| Preferred Stock, Value, Issued | ||
| Series II Preferred Stock | ||
| Preferred Stock, Value, Issued | ||
| External Links | |
| BLACKSTONE INC. (BX) Fiscal Year 2021 | |
| 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 |