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: 2020 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 26, 2021) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Operating Activities | |||
| Net Income | $ 2,261,506 | 3,865,967 | 3,263,551 |
| Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities | |||
| Net Realized Gains on Investments | (2,468,801) | (2,242,227) | (2,381,683) |
| Changes in Unrealized (Gains) Losses on Investments | 54,244 | (324,448) | 4,784 |
| Non-Cash Performance Allocations | 384,393 | (1,126,332) | (561,373) |
| Non-Cash Performance Allocations and Incentive Fee Compensation | 715,587 | 1,234,455 | 1,053,690 |
| Equity-Based Compensation Expense | 438,341 | 417,092 | 366,928 |
| Amortization of Intangibles | 71,053 | 70,999 | 59,021 |
| Other Non-Cash Amounts Included in Net Income | 58,854 | (448,241) | 45,286 |
| Cash Flows Due to Changes in Operating Assets and Liabilities | |||
| Cash Acquired with Consolidation of Fund Entity | 0 | 0 | 31,422 |
| Cash Relinquished with Deconsolidation of Fund Entities | (257,544) | 0 | (899,959) |
| Accounts Receivable | 70,053 | (237,751) | 43,037 |
| Due from Affiliates | (402,488) | (451,302) | (280,674) |
| Other Assets | (22,704) | (50,017) | (76,596) |
| Accrued Compensation and Benefits | (1,077,195) | (382,120) | (729,109) |
| Securities Sold, Not Yet Purchased | (26,840) | (72,645) | (10,125) |
| Accounts Payable, Accrued Expenses and Other Liabilities | 119,906 | (324,358) | (357,582) |
| Repurchase Agreements | (77,310) | (68,084) | 103,362 |
| Due to Affiliates | 32,415 | (5,250) | 74,108 |
| Investments Purchased | (7,179,951) | (8,537,874) | (13,881,869) |
| Cash Proceeds from Sale of Investments | 9,242,426 | 10,645,243 | 14,179,523 |
| Net Cash Provided by Operating Activities | 1,935,945 | 1,963,107 | 45,742 |
| Investing Activities | |||
| Purchase of Furniture, Equipment and Leasehold Improvements | (111,650) | (60,280) | (18,377) |
| Net Cash Paid for Acquisitions, Net of Cash Acquired | (55,170) | 0 | (98,219) |
| Net Cash Used in Investing Activities | (166,820) | (60,280) | (116,596) |
| Financing Activities | |||
| Distributions to Non-Controlling Interest Holders in Consolidated Entities | (747,491) | (765,849) | (762,588) |
| Contributions from Non-Controlling Interest Holders in Consolidated Entities | 581,077 | 764,863 | 836,922 |
| Payments Under Tax Receivable Agreement | (73,881) | (84,640) | 0 |
| Net Settlement of Vested Class A Common stock and Repurchase of Class A Common Stock and Blackstone Holdings Partnership Units | (504,912) | (585,340) | (567,161) |
| Proceeds from Loans Payable | 888,636 | 1,549,732 | 3,218,399 |
| Repayment and Repurchase of Loans Payable | (1,889) | (403,401) | (1,009,354) |
| Dividends/Distributions to Shareholders and Unitholders | (2,385,576) | (2,396,744) | (3,046,404) |
| Net Cash Used in Financing Activities | (2,244,036) | (1,921,379) | (1,330,186) |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents and Cash Held by Blackstone Funds and Other | 15,716 | (2,958) | 9,712 |
| Cash and Cash Equivalents and Cash Held by Blackstone Funds and Other | |||
| Net Decrease | (459,195) | (21,510) | (1,391,328) |
| Beginning of Period | 2,523,651 | 2,545,161 | |
| End of Period | 2,064,456 | 2,523,651 | 2,545,161 |
| Supplemental Disclosure of Cash Flows Information | |||
| Payments for Interest | 176,620 | 167,458 | 169,872 |
| Payments for Income Taxes | 209,182 | 159,302 | 192,790 |
| Supplemental Disclosure of Non-Cash Investing and Financing Activities | |||
| Non-Cash Contributions from Non-Controlling Interest Holders | 19,202 | 10,078 | 10,435 |
| Non-Cash Distributions to Non-Controlling Interest Holders | 0 | (392) | (18,723) |
| Non-Cash Consideration for Acquisition | 0 | 0 | (50,803) |
| Notes Issuance Costs | 8,273 | 0 | 0 |
| Transfer of Interests to Non-Controlling Interest Holders | (6,013) | (3,115) | 20,188 |
| Change in The Blackstone Group Inc.'s Ownership Interest | 10,476 | 60,344 | 66,799 |
| Net Settlement of Vested Class A Common Stock | 123,478 | 102,028 | 136,238 |
| Conversion of Blackstone Holdings Units to Class A Common Stock | 123,710 | 128,635 | 100,397 |
| Acquisition of Ownership Interests from Non-Controlling Interest Holders | |||
| Deferred Tax Asset | (242,282) | (149,513) | (93,391) |
| Due to Affiliates | 218,955 | 120,791 | 79,484 |
| Equity | 23,327 | 28,722 | 13,907 |
| Issuance of New Shares/Units | 0 | 0 | 24,970 |
| External Links | |
| BLACKSTONE INC. (BX) Fiscal Year 2020 | |
| 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 |