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: 2017 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2017 10-K (Filed: Mar 1, 2018) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Operating Activities | |||
| Net Income | $ 3,373,954 | 2,249,648 | 1,624,350 |
| Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities Blackstone Funds Related | |||
| Net Realized Gains on Investments | (4,613,531) | (2,023,503) | (4,121,003) |
| Changes in Unrealized (Gains) Losses on Investments | (21,589) | (241,617) | 722,064 |
| Non-Cash Performance Fees | 109,169 | (305,559) | 1,391,946 |
| Non-Cash Performance Fee Compensation | 1,488,330 | 868,022 | 564,560 |
| Equity-Based Compensation Expense | 338,687 | 323,651 | 629,642 |
| Excess Tax Benefits Related to Equity-Based Compensation | (70,318) | ||
| Amortization of Intangibles | 46,776 | 82,943 | 101,437 |
| Other Non-Cash Amounts Included in Net Income | 362,865 | 16,711 | 144,657 |
| Cash Flows Due to Changes in Operating Assets and Liabilities | |||
| Cash Held by Blackstone Funds and Other | (807,551) | (452,108) | 1,220,959 |
| Cash Relinquished with Deconsolidation and Liquidation of Fund Equity | (33,566) | (442,370) | |
| Accounts Receivable | 282,026 | 87,074 | (213,706) |
| Reverse Repurchase Agreements | 118,495 | 86,398 | (204,893) |
| Due from Affiliates | (298,501) | (57,907) | (97,487) |
| Other Assets | 17,377 | 99,108 | (149,732) |
| Accrued Compensation and Benefits | (1,177,852) | (572,814) | (917,428) |
| Securities Sold, Not Yet Purchased | (62,730) | 42,761 | 96,780 |
| Accounts Payable, Accrued Expenses and Other Liabilities | (755,165) | (214,651) | (474,652) |
| Repurchase Agreements | 43,516 | 34,286 | 11,012 |
| Due to Affiliates | (9,652) | 39,035 | (102,847) |
| Investments Purchased | (19,573,153) | (8,798,358) | (7,937,114) |
| Cash Proceeds from Sale of Investments | 18,723,355 | 8,195,594 | 10,621,186 |
| Net Cash Provided by (Used in) Operating Activities | (2,448,740) | (541,286) | 2,397,043 |
| Investing Activities | |||
| Purchase of Furniture, Equipment and Leasehold Improvements | (24,347) | (21,826) | (59,247) |
| Net Cash Paid for Acquisitions, Net of Cash Acquired | (168,913) | ||
| Changes in Restricted Cash | 5,052 | (7,150) | 5,843 |
| Net Cash Used in Investing Activities | (188,208) | (28,976) | (53,404) |
| Financing Activities | |||
| Distributions to Non-Controlling Interest Holders in Consolidated Entities | (813,987) | (533,925) | (677,110) |
| Contributions from Non-Controlling Interest Holders in Consolidated Entities | 759,907 | 329,005 | 479,678 |
| Cash Relinquished in Conjunction with the Spin-Off | (55,412) | ||
| Payments Under Tax Receivable Agreement | (135,831) | (78,985) | (84,484) |
| Net Delivery of Vested Common Units and Repurchase of Common and Holdings Units | (30,192) | (27,623) | (61,031) |
| Excess Tax Benefits Related to Equity-Based Compensation | 70,318 | ||
| Proceeds from Loans Payable | 7,600,153 | 3,321,081 | 2,423,614 |
| Repayment and Repurchase of Loans Payable | (1,766,129) | (420,714) | (517,629) |
| Distributions to Unitholders | (2,842,582) | (2,018,669) | (3,497,346) |
| Net Cash Provided by (Used in) Financing Activities | 2,771,339 | 570,170 | (1,919,402) |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | 20,853 | 21 | 615 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 155,244 | (71) | 424,852 |
| Cash and Cash Equivalents, Beginning of Period | 1,837,253 | 1,837,324 | |
| Cash and Cash Equivalents, End of Period | 1,992,497 | 1,837,253 | 1,837,324 |
| Supplemental Disclosure of Cash Flows Information | |||
| Payments for Interest | 160,178 | 151,948 | 126,167 |
| Payments for Income Taxes | 106,032 | 65,790 | 115,814 |
| Supplemental Disclosure of Non-Cash Investing and Financing Activities | |||
| Non-Cash Contributions from Non-Controlling Interest Holders | 1,112 | 1,155 | 2,277 |
| Non-Cash Distributions to Non-Controlling Interest Holders | (69,721) | (13,536) | (34) |
| Non-Cash Consideration for Acquisition | (95,262) | ||
| Net Assets Associated with the Spin-Off | (311,826) | ||
| Net Activities Related to Capital Transactions of Consolidated Blackstone Funds | (295) | ||
| Net Assets Related to the Consolidation of Certain Fund Entities | 387,006 | ||
| Notes Issuance Costs | 5,582 | 5,491 | 5,269 |
| Transfer of Interests to Non-Controlling Interest Holders | (6,016) | (8,278) | (12,272) |
| Change in The Blackstone Group L.P.'s Ownership Interest | (15,197) | 7,881 | 92,785 |
| Net Settlement of Vested Common Units | 127,392 | 101,898 | 139,941 |
| Conversion of Blackstone Holdings Units to Common Units | 59,334 | 77,520 | 131,883 |
| Acquisition of Ownership Interests from Non-Controlling Interest Holders Deferred Tax Asset | (74,487) | (59,304) | (195,291) |
| Due to Affiliates | 63,430 | 53,935 | 130,264 |
| Partners' Capital | 11,057 | 5,369 | 65,027 |
| External Links | |
| BLACKSTONE INC. (BX) Fiscal Year 2017 | |
| 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 |