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: 2016 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 24, 2017) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Operating Activities | |||
| Net Income | $ 2,249,648 | 1,624,350 | 3,695,553 |
| Adjustments to Reconcile Net Income to Net Cash Provided by (Used In) Operating Activities | |||
| Unrealized (Appreciation) Depreciation on Investments Allocable to Non-Controlling Interests in Consolidated Entities | (261,338) | 356,170 | (430,738) |
| Net Realized Gains on Investments | (2,023,503) | (4,121,003) | (3,343,635) |
| Changes in Unrealized Losses on Investments Allocable to The Blackstone Group L.P. | 19,721 | 365,894 | 83,140 |
| Non-Cash Performance Fees | (305,559) | 1,391,946 | (1,317,707) |
| Non-Cash Performance Fee Compensation | 868,022 | 564,560 | 1,285,503 |
| Equity-Based Compensation Expense | 323,651 | 629,642 | 734,733 |
| Excess Tax Benefits Related to Equity-Based Compensation | (70,318) | (25,646) | |
| Amortization of Intangibles | 82,943 | 101,437 | 101,915 |
| Other Non-Cash Amounts Included in Net Income | 16,711 | 144,657 | 121,808 |
| Cash Flows Due to Changes in Operating Assets and Liabilities | |||
| Cash Held by Blackstone Funds and Other | (452,108) | 1,220,959 | (390,092) |
| Cash Relinquished with Deconsolidation and Liquidation of Partnership | (442,370) | (476,533) | |
| Accounts Receivable | 87,074 | (213,706) | 229,331 |
| Reverse Repurchase Agreements | 86,398 | (204,893) | 148,984 |
| Due from Affiliates | (57,907) | (97,487) | 229,837 |
| Other Assets | 99,108 | (149,732) | (82,890) |
| Accrued Compensation and Benefits | (572,814) | (917,428) | (836,852) |
| Securities Sold, Not Yet Purchased | 42,761 | 96,780 | (144,383) |
| Accounts Payable, Accrued Expenses and Other Liabilities | (214,651) | (474,652) | (305,978) |
| Repurchase Agreements | 34,286 | 11,012 | (325,199) |
| Due to Affiliates | 39,035 | (102,847) | 35,504 |
| Investments Purchased | (8,798,358) | (7,937,114) | (10,979,846) |
| Cash Proceeds from Sale of Investments | 8,195,594 | 10,621,186 | 13,648,180 |
| Net Cash Provided by (Used in) Operating Activities | (541,286) | 2,397,043 | 1,654,989 |
| Investing Activities | |||
| Purchase of Furniture, Equipment and Leasehold Improvements | (21,826) | (59,247) | (30,271) |
| Changes in Restricted Cash | (7,150) | 5,843 | 5,846 |
| Net Cash Used in Investing Activities | (28,976) | (53,404) | (24,425) |
| Financing Activities | |||
| Distributions to Non-Controlling Interest Holders in Consolidated Entities | (533,925) | (677,110) | (982,405) |
| Contributions from Non-Controlling Interest Holders in Consolidated Entities | 329,005 | 479,678 | 1,560,183 |
| Purchase of Interests from Certain Non-Controlling Interest Holders | (6) | ||
| Cash Relinquished in Conjunction with the Spin-Off | (55,412) | ||
| Payments Under Tax Receivable Agreement | (78,985) | (84,484) | (86,733) |
| Net Delivery of Vested Common Units and Repurchase of Common and Holdings Units | (27,623) | (61,031) | (36,252) |
| Excess Tax Benefits Related to Equity-Based Compensation | 70,318 | 25,646 | |
| Proceeds from Loans Payable | 3,321,081 | 2,423,614 | 2,635,540 |
| Repayment and Repurchase of Loans Payable | (420,714) | (517,629) | (1,817,284) |
| Distributions to Unitholders | (2,018,669) | (3,497,346) | (2,348,596) |
| Net Cash Provided by (Used in) Financing Activities | 570,170 | (1,919,402) | (1,049,907) |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | 21 | 615 | (183) |
| Net Increase (Decrease) in Cash and Cash Equivalents | (71) | 424,852 | 580,474 |
| Cash and Cash Equivalents, Beginning of Period | 1,837,324 | 1,412,472 | |
| Cash and Cash Equivalents, End of Period | 1,837,253 | 1,837,324 | 1,412,472 |
| Supplemental Disclosure of Cash Flows Information | |||
| Payments for Interest | 151,948 | 126,167 | 116,296 |
| Payments for Income Taxes | 65,790 | 115,814 | 236,718 |
| Supplemental Disclosure of Non-Cash Investing and Financing Activities | |||
| Non-Cash Contributions from Non-Controlling Interest Holders | 1,155 | 2,277 | 47,683 |
| Non-Cash Distributions to Non-Controlling Interest Holders | (13,536) | (34) | (60,589) |
| Net Assets Associated with the Spin-Off | (311,826) | ||
| Net Activities Related to Capital Transactions of Consolidated Blackstone Funds | (295) | 16,181 | |
| Net Assets Related to the Consolidation of CLO Vehicles | 8,398 | ||
| Net Assets Related to the Consolidation of Certain Fund Entities | 354,080 | ||
| Notes Issuance Costs | 5,491 | 5,269 | 4,375 |
| Transfer of Interests to Non-Controlling Interest Holders | (8,278) | (12,272) | (1,885) |
| Change in The Blackstone Group L.P.'s Ownership Interest | 7,881 | 92,785 | 9,032 |
| Net Settlement of Vested Common Units | 101,898 | 139,941 | 69,426 |
| Conversion of Blackstone Holdings Units to Common Units | 77,520 | 131,883 | 117,877 |
| Acquisition of Ownership Interests from Non-Controlling Interest Holders Deferred Tax Asset | (59,304) | (195,291) | (105,686) |
| Due to Affiliates | 53,935 | 130,264 | 82,704 |
| Partners' Capital | 5,369 | 65,027 | 22,982 |
| External Links | |
| BLACKSTONE INC. (BX) Fiscal Year 2016 | |
| 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 |