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: 2011 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 28, 2012) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Operating Activities | |||
| Net Income (Loss) | $ (268,453) | (607,323) | (2,390,696) |
| Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by (Used in) Operating Activities: | |||
| Blackstone Funds Related: | |||
| Unrealized Depreciation (Appreciation) on Investments Allocable to Non-Controlling Interests in Consolidated Entities | 59,973 | (720,716) | (267,433) |
| Net Realized (Gains) Losses on Investments | (540,353) | (337,932) | 135,243 |
| Changes in Unrealized (Gains) Losses on Investments Allocable to The Blackstone Group L.P. | (116,183) | (460,450) | 15,978 |
| Unrealized Depreciation (Appreciation) on Hedge Activities | (1,283) | (1,952) | 2,036 |
| Non-Cash Performance Fees | (714,830) | (379,156) | (269,152) |
| Non-Cash Performance Fee Compensation | 316,713 | 356,962 | (1,079) |
| Equity-Based Compensation Expense | 1,396,062 | 2,440,148 | 3,048,108 |
| Amortization of Intangibles | 207,591 | 162,051 | 158,048 |
| Other Non-Cash Amounts Included in Net Income (Loss) | 164,359 | 20,591 | 25,243 |
| Cash Flows Due to Changes in Operating Assets and Liabilities: | |||
| Cash Held by Blackstone Funds and Other | 545,637 | (447,084) | 821,240 |
| Cash Relinquished with Continuing Liquidation of Partnership | (110,607) | (4,398) | |
| Accounts Receivable | 116,714 | (108,162) | 35,050 |
| Reverse Repurchase Agreements | 41,940 | (181,425) | |
| Due from Affiliates | (31,403) | (68,761) | 467,449 |
| Other Assets | (19,233) | (20,802) | 82,386 |
| Accrued Compensation and Benefits | (273,281) | (101,377) | (94,931) |
| Securities Sold, Not Yet Purchased | 22,407 | 114,683 | (699) |
| Accounts Payable, Accrued Expenses and Other Liabilities | (203,419) | 12,535 | (987,241) |
| Repurchase Agreements | 39,177 | 62,672 | |
| Due to Affiliates | (3,439) | 3,286 | (261,685) |
| Treasury Cash Management Strategies: | |||
| Investments Purchased | (3,198,632) | (2,246,082) | (1,196,636) |
| Cash Proceeds from Sale of Investments | 3,486,836 | 1,930,489 | 643,348 |
| Blackstone Funds Related: | |||
| Investments Purchased | (6,113,038) | (4,411,114) | (418,608) |
| Cash Proceeds from Sale or Pay Down of Investments | 6,296,358 | 4,621,432 | 865,540 |
| Net Cash Provided by (Used in) Operating Activities | 1,099,613 | (371,885) | 411,509 |
| Investing Activities | |||
| Purchase of Furniture, Equipment and Leasehold Improvements | (36,484) | (54,160) | (23,627) |
| Net Cash Paid for Acquisition of Management Contracts | (23,744) | (21,886) | |
| Changes in Restricted Cash | 330 | (143) | 4,801 |
| Net Cash Used in Investing Activities | (59,898) | (76,189) | (18,826) |
| Financing Activities | |||
| Distributions to Non-Controlling Interest Holders in Consolidated Entities | (608,287) | (113,872) | (92,531) |
| Contributions from Non-Controlling Interest Holders in Consolidated Entities | 1,183,952 | 262,006 | 205,558 |
| Purchase of Interests from Certain Non-Controlling Interest Holders | (466) | (573) | (10,033) |
| Net Delivery of Vested Common Units and Repurchase of Common and Partnership Unit | (36,711) | (25,154) | (56,685) |
| Proceeds from Loans Payable | 13,301 | 415,828 | 593,989 |
| Repayment of Loans Payable | (27,424) | (43,266) | (323,993) |
| Distributions to Unitholders | (702,832) | (599,390) | (260,629) |
| Blackstone Funds Related: | |||
| Proceeds from Loans Payable | 342,133 | 392,071 | |
| Repayment of Loans Payable | (1,037,181) | (203,026) | |
| Net Cash Provided by (Used in) Financing Activities | (873,515) | 84,624 | 55,676 |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | (77) | (25) | |
| Net Increase (Decrease) in Cash and Cash Equivalents | 166,123 | (363,475) | 448,359 |
| Cash and Cash Equivalents, Beginning of Period | 588,621 | 952,096 | |
| Cash and Cash Equivalents, End of Period | 754,744 | 588,621 | 952,096 |
| Supplemental Disclosure of Cash Flows Information | |||
| Payments for Interest | 81,407 | 3,554 | 5,097 |
| Payments for Income Taxes | 43,945 | 57,672 | 52,035 |
| Supplemental Disclosure of Non-Cash Investing and Financing Activities | |||
| Net Activities Related to Capital Transactions of Consolidated Blackstone Funds | (2,775) | 16,670 | 6,261 |
| Net Assets Related to the Consolidation of CLO Vehicles | 97,773 | 406,916 | |
| Reclassification of Capital Due to Non-Controlling Interest Holders | (73,862) | ||
| Transfer Due to Reorganization | 100,497 | ||
| In-kind Redemption of Capital | (52,467) | (28,098) | (907) |
| In-kind Contribution of Capital | 8,705 | 54,289 | 907 |
| Notes Issuance Costs | 2,000 | 4,761 | |
| Transfer of Interests to Non-Controlling Interest Holders | 2,614 | (21,996) | 1,991 |
| Change in The Blackstone Group L.P.'s Ownership Interest | (5,893) | (19,346) | |
| Net Settlement of Vested Common Units | 186,644 | 198,739 | 199,447 |
| Conversion of Blackstone Holdings Units to Common Units | 228,722 | 252,113 | 109,748 |
| Exchange of Founders' and Non-Controlling Interest Holders' Interests in Blackstone Holdings: | |||
| Deferred Tax Asset | (300,471) | (351,183) | (142,982) |
| Due to Affiliates | 242,080 | 283,290 | 121,535 |
| Partners' Capital | 58,391 | 67,893 | 21,447 |
| Issuance of New Units | 44,500 | 47,163 | |
| External Links | |
| BLACKSTONE INC. (BX) Fiscal Year 2011 | |
| 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 |