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: 2018 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2018 10-K (Filed: Mar 1, 2019) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Operating Activities | |||
| Net Income | $ 3,263,551 | 3,374,942 | 2,249,242 |
| Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities Blackstone Funds Related | |||
| Net Realized Gains on Investments | (2,381,683) | (4,613,531) | (2,023,503) |
| Changes in Unrealized (Gains) Losses on Investments | 4,784 | (21,589) | (241,617) |
| Non-Cash Performance Allocations | (561,373) | 105,472 | (304,705) |
| Non-Cash Performance Allocations and Incentive Fee Compensation | 1,053,690 | 1,491,040 | 867,574 |
| Equity-Based Compensation Expense | 366,928 | 338,687 | 323,651 |
| Amortization of Intangibles | 59,021 | 46,776 | 82,943 |
| Other Non-Cash Amounts Included in Net Income | 45,286 | 363,903 | 17,370 |
| Cash Flows Due to Changes in Operating Assets and Liabilities | |||
| Cash Acquired with Consolidation of Fund Entity | 31,422 | 13,822 | |
| Cash Relinquished with Deconsolidation of Fund Entities | (899,959) | (33,566) | |
| Accounts Receivable | 43,037 | 282,026 | 87,074 |
| Reverse Repurchase Agreements | 118,495 | 86,398 | |
| Due from Affiliates | (280,674) | (298,501) | (57,907) |
| Other Assets | (76,596) | 17,377 | 99,108 |
| Accrued Compensation and Benefits | (729,109) | (1,177,852) | (572,814) |
| Securities Sold, Not Yet Purchased | (10,125) | (62,730) | 42,761 |
| Accounts Payable, Accrued Expenses and Other Liabilities | (357,582) | (755,232) | (214,723) |
| Repurchase Agreements | 103,362 | 43,516 | 34,286 |
| Due to Affiliates | 74,108 | (9,652) | 39,035 |
| Investments Purchased | (13,881,869) | (19,573,153) | (8,798,358) |
| Cash Proceeds from Sale of Investments | 14,179,523 | 18,723,355 | 8,195,594 |
| Net Cash Provided by (Used in) Operating Activities | 45,742 | (1,626,395) | (88,591) |
| Investing Activities | |||
| Purchase of Furniture, Equipment and Leasehold Improvements | (18,377) | (24,347) | (21,826) |
| Net Cash Paid for Acquisitions, Net of Cash Acquired | (98,219) | (168,913) | |
| Net Cash Used in Investing Activities | (116,596) | (193,260) | (21,826) |
| Financing Activities | |||
| Distributions to Non-Controlling Interest Holders in Consolidated Entities | (762,588) | (813,987) | (533,925) |
| Contributions from Non-Controlling Interest Holders in Consolidated Entities | 836,922 | 759,907 | 329,005 |
| Payments Under Tax Receivable Agreement | (135,831) | (78,985) | |
| Net Settlement of Vested Common Units and Repurchase of Common and Blackstone Holdings Partnership Units | (567,161) | (30,192) | (27,623) |
| Proceeds from Loans Payable | 3,218,399 | 7,600,153 | 3,321,081 |
| Repayment and Repurchase of Loans Payable | (1,009,354) | (1,766,129) | (420,714) |
| Distributions to Unitholders | (3,046,404) | (2,842,582) | (2,018,669) |
| Net Cash Provided by (Used in) Financing Activities | (1,330,186) | 2,771,339 | 570,170 |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents, Cash Held by Blackstone Funds and Other, and Restricted Cash | 9,712 | 123,850 | (34,059) |
| Cash and Cash Equivalents, Cash Held by Blackstone Funds and Other, and Restricted Cash | |||
| Net Increase (Decrease) | (1,391,328) | 1,075,534 | 425,694 |
| Beginning of Period | 3,936,489 | 2,860,955 | |
| End of Period | 2,545,161 | 3,936,489 | 2,860,955 |
| Supplemental Disclosure of Cash Flows Information | |||
| Payments for Interest | 169,872 | 160,178 | 151,948 |
| Payments for Income Taxes | 192,790 | 106,032 | 65,790 |
| Supplemental Disclosure of Non-Cash Investing and Financing Activities | |||
| Non-Cash Contributions from Non-Controlling Interest Holders | 10,435 | 1,112 | 1,155 |
| Non-Cash Distributions to Non-Controlling Interest Holders | (18,723) | (69,721) | (13,536) |
| Non-Cash Consideration for Acquisition | (50,803) | (95,262) | |
| Net Assets Related to the Consolidation of Certain Fund Entities | 387,006 | ||
| Notes Issuance Costs | 5,582 | 5,491 | |
| Transfer of Interests to Non-Controlling Interest Holders | 20,188 | (6,016) | (8,278) |
| Change in The Blackstone Group L.P.'s Ownership Interest | 66,799 | (15,197) | 7,881 |
| Net Settlement of Vested Common Units | 136,238 | 127,392 | 101,898 |
| Conversion of Blackstone Holdings Units to Common Units | 100,397 | 59,334 | 77,520 |
| Acquisition of Ownership Interests from Non-Controlling Interest Holders Deferred Tax Asset | (93,391) | (74,487) | (59,304) |
| Due to Affiliates | 79,484 | 63,430 | 53,935 |
| Partners' Capital | 13,907 | 11,057 | 5,369 |
| Issuance of New Units | 24,970 | ||
| External Links | |
| BLACKSTONE INC. (BX) Fiscal Year 2018 | |
| 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 |