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: 2015 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 26, 2016) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Operating Activities | |||
| Net Income | $ 1,624,350 | 3,695,553 | 2,892,919 |
| Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities | |||
| Blackstone Funds Related | |||
| Unrealized (Appreciation) Depreciation on Investments Allocable to Non-Controlling Interests in Consolidated Entities | 356,170 | (430,738) | (1,069,479) |
| Net Realized Gains on Investments | (4,121,003) | (3,343,635) | (1,792,106) |
| Changes in Unrealized (Gains) Losses on Investments Allocable to The Blackstone Group L.P. | 365,894 | 83,140 | (506,546) |
| Non-Cash Performance Fees | 1,391,946 | (1,317,707) | (1,143,903) |
| Non-Cash Performance Fee Compensation | 564,560 | 1,285,503 | 1,413,182 |
| Equity-Based Compensation Expense | 629,642 | 734,733 | 855,087 |
| Excess Tax Benefits Related to Equity-Based Compensation | (70,318) | (25,646) | (5,769) |
| Amortization of Intangibles | 101,437 | 101,915 | 95,671 |
| Other Non-Cash Amounts Included in Net Income | 144,657 | 121,808 | 206,451 |
| Cash Flows Due to Changes in Operating Assets and Liabilities | |||
| Cash Held by Blackstone Funds and Other | 1,220,959 | (390,092) | 371,641 |
| Cash Relinquished with Deconsolidation and Liquidation of Partnership | (442,370) | (476,533) | (173,726) |
| Accounts Receivable | (213,706) | 229,331 | (46,580) |
| Reverse Repurchase Agreements | (204,893) | 148,984 | 99,034 |
| Due from Affiliates | (97,487) | 229,837 | 237,169 |
| Other Assets | (149,732) | (82,890) | 15,445 |
| Accrued Compensation and Benefits | (917,428) | (836,852) | (454,724) |
| Securities Sold, Not Yet Purchased | 96,780 | (144,383) | (142,952) |
| Accounts Payable, Accrued Expenses and Other Liabilities | (474,652) | (305,978) | (316,082) |
| Repurchase Agreements | 11,012 | (325,199) | 174,629 |
| Due to Affiliates | (102,847) | 35,504 | (216,671) |
| Net Cash Provided by Operating Activities | 2,397,043 | 1,654,989 | 3,547,941 |
| Investing Activities | |||
| Purchase of Furniture, Equipment and Leasehold Improvements | (59,247) | (30,271) | (25,637) |
| Net Cash Paid for Acquisitions, Net of Cash Acquired | (146,117) | ||
| Changes in Restricted Cash | 5,843 | 5,846 | 5,850 |
| Net Cash Used in Investing Activities | (53,404) | (24,425) | (165,904) |
| Financing Activities | |||
| Distributions to Non-Controlling Interest Holders in Consolidated Entities | (677,110) | (982,405) | (844,011) |
| Contributions from Non-Controlling Interest Holders in Consolidated Entities | 479,678 | 1,560,183 | 1,114,457 |
| Purchase of Interests from Certain Non-Controlling Interest Holders | (6) | (43) | |
| Cash Relinquished in Conjunction with the Spin-Off | (55,412) | ||
| Payments Under Tax Receivable Agreement | (84,484) | (86,733) | |
| Net Delivery of Vested Common Units and Repurchase of Common and Holdings Units | (61,031) | (36,252) | (24,140) |
| Excess Tax Benefits Related to Equity-Based Compensation | 70,318 | 25,646 | 5,769 |
| Proceeds from Loans Payable | 675,807 | 491,150 | 11,367 |
| Repayment and Repurchase of Loans Payable | (923) | (8,735) | (16,777) |
| Distributions to Unitholders | (3,497,346) | (2,348,596) | (1,469,479) |
| Blackstone Funds Related | |||
| Proceeds from Loans Payable | 1,747,807 | 2,144,390 | 53,917 |
| Repayment of Loans Payable | (516,706) | (1,808,549) | (2,090,674) |
| Net Cash Used in Financing Activities | (1,919,402) | (1,049,907) | (3,259,614) |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | 615 | (183) | 73 |
| Net Increase in Cash and Cash Equivalents | 424,852 | 580,474 | 122,496 |
| Cash and Cash Equivalents, Beginning of Period | 1,412,472 | 831,998 | |
| Cash and Cash Equivalents, End of Period | 1,837,324 | 1,412,472 | 831,998 |
| Supplemental Disclosure of Cash Flows Information | |||
| Payments for Interest | 126,167 | 116,296 | 125,361 |
| Payments for Income Taxes | 115,814 | 236,718 | 69,858 |
| Supplemental Disclosure of Non-Cash Investing and Financing Activities | |||
| Non-Cash Contributions from Non-Controlling Interest Holders | 2,277 | 47,683 | 63,273 |
| Non-Cash Distributions to Non-Controlling Interest Holders | (34) | (60,589) | (18,537) |
| Net Assets Associated with the Spin-Off | (311,826) | ||
| Net Activities Related to Capital Transactions of Consolidated Blackstone Funds | (295) | 16,181 | (6,029) |
| Net Assets Related to the Consolidation of CLO Vehicles | 8,398 | ||
| Net Assets Related to the Consolidation of Certain Fund Entities | 354,080 | 659,001 | |
| In-kind Contribution of Capital | 2,323 | ||
| Notes Issuance Costs | 5,269 | 4,375 | |
| Transfer of Interests to Non-Controlling Interest Holders | (12,272) | (1,885) | (2,403) |
| Change in The Blackstone Group L.P.'s Ownership Interest | 92,785 | 9,032 | (2,519) |
| Net Settlement of Vested Common Units | 139,941 | 69,426 | 153,522 |
| Conversion of Blackstone Holdings Units to Common Units | 131,883 | 117,877 | 43,255 |
| Acquisition of Ownership Interests from Non-Controlling Interest Holders Deferred Tax Asset xx | (195,291) | (105,686) | (113,757) |
| Due to Affiliates | 130,264 | 82,704 | 33,177 |
| Partners' Capital | 65,027 | 22,982 | 80,580 |
| Issuance of New Units | 42,400 | ||
| Legal Entity | |||
| Blackstone's Treasury Cash Management Strategies | |||
| Investments Purchased | (3,907,391) | (3,448,738) | (4,368,096) |
| Cash Proceeds from Sale of Investments | 3,909,637 | 3,022,390 | 4,643,886 |
| Investments Of Consolidated Blackstone Funds | |||
| Investments Purchased | (4,029,723) | (7,531,108) | (8,245,313) |
| Cash Proceeds from Sale or Pay Down of Investments | 6,711,549 | 10,625,790 | 11,024,774 |
| External Links | |
| BLACKSTONE INC. (BX) Fiscal Year 2015 | |
| 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 |