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: 2021 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 25, 2022) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Operating Activities | |||
| Net Income | $ 12,374,995 | 2,261,506 | 3,865,967 |
| Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities | |||
| Net Realized Gains on Investments | (6,949,544) | (2,468,801) | (2,242,227) |
| Changes in Unrealized (Gains) Losses on Investments | (1,748,824) | 54,244 | (324,448) |
| Non-Cash Performance Allocations | (8,675,246) | 384,393 | (1,126,332) |
| Non-Cash Performance Allocations and Incentive Fee Compensation | 6,159,529 | 715,587 | 1,234,455 |
| Equity-Based Compensation Expense | 637,441 | 438,341 | 417,092 |
| Amortization of Intangibles | 74,871 | 71,053 | 70,999 |
| Other Non-Cash Amounts Included in Net Income | (77,849) | 58,854 | (448,241) |
| Cash Flows Due to Changes in Operating Assets and Liabilities | |||
| Cash Relinquished with Deconsolidation of Fund Entities | 0 | (257,544) | 0 |
| Accounts Receivable | 288,306 | 70,053 | (237,751) |
| Due from Affiliates | (1,124,667) | (402,488) | (451,302) |
| Other Assets | (4,792) | (22,704) | (50,017) |
| Accrued Compensation and Benefits | (1,692,562) | (1,077,195) | (382,120) |
| Securities Sold, Not Yet Purchased | (22,418) | (26,840) | (72,645) |
| Accounts Payable, Accrued Expenses and Other Liabilities | 152,209 | 119,906 | (324,358) |
| Repurchase Agreements | (18,828) | (77,310) | (68,084) |
| Due to Affiliates | 81,922 | 32,415 | (5,250) |
| Investments Purchased | (7,439,964) | (7,179,951) | (8,537,874) |
| Cash Proceeds from Sale of Investments | 11,971,409 | 9,242,426 | 10,645,243 |
| Net Cash Provided by Operating Activities | 3,985,988 | 1,935,945 | 1,963,107 |
| Investing Activities | |||
| Purchase of Furniture, Equipment and Leasehold Improvements | (64,316) | (111,650) | (60,280) |
| Net Cash Paid for Acquisitions, Net of Cash Acquired | 0 | (55,170) | 0 |
| Net Cash Used in Investing Activities | (64,316) | (166,820) | (60,280) |
| Financing Activities | |||
| Distributions to Non-Controlling Interest Holders in Consolidated Entities | (1,347,631) | (747,491) | (765,849) |
| Contributions from Non-Controlling Interest Holders in Consolidated Entities | 1,275,211 | 581,077 | 764,863 |
| Payments Under Tax Receivable Agreement | (51,366) | (73,881) | (84,640) |
| Net Settlement of Vested Common Stock and Repurchase of Common Stock and Blackstone Holdings Partnership Units | (1,272,774) | (504,912) | (585,340) |
| Proceeds from Loans Payable | 2,222,544 | 888,636 | 1,549,732 |
| Repayment and Repurchase of Loans Payable | 0 | (1,889) | (403,401) |
| Dividends/Distributions to Shareholders and Unitholders | (4,602,574) | (2,385,576) | (2,396,744) |
| Net Cash Used in Financing Activities | (3,776,590) | (2,244,036) | (1,921,379) |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents and Cash Held by Blackstone Funds and Other | (9,806) | 15,716 | (2,958) |
| Cash and Cash Equivalents and Cash Held by Blackstone Funds and Other | |||
| Net Increase (Decrease) | 135,276 | (459,195) | (21,510) |
| Beginning of Period | 2,064,456 | 2,523,651 | |
| End of Period | 2,199,732 | 2,064,456 | 2,523,651 |
| Supplemental Disclosure of Cash Flows Information | |||
| Payments for Interest | 194,166 | 176,620 | 167,458 |
| Payments for Income Taxes | 700,690 | 209,182 | 159,302 |
| Supplemental Disclosure of Non-Cash Investing and Financing Activities | |||
| Non-Cash Contributions from Non-Controlling Interest Holders | 11,647 | 19,202 | 10,078 |
| Non-Cash Distributions to Non-Controlling Interest Holders | 0 | 0 | (392) |
| Notes Issuance Costs | 16,991 | 8,273 | 0 |
| Transfer of Interests to Non-Controlling Interest Holders | (2,994) | (6,013) | (3,115) |
| Change in Blackstone Inc.'s Ownership Interest | 10,494 | 10,476 | 60,344 |
| Net Settlement of Vested Common Stock | 219,558 | 123,478 | 102,028 |
| Conversion of Blackstone Holdings Units to Common Stock | 296,597 | 123,710 | 128,635 |
| Acquisition of Ownership Interests from Non-Controlling Interest Holders | |||
| Deferred Tax Asset | (807,309) | (242,282) | (149,513) |
| Due to Affiliates | 748,521 | 218,955 | 120,791 |
| Equity | 58,788 | 23,327 | 28,722 |
| External Links | |
| BLACKSTONE INC. (BX) Fiscal Year 2021 | |
| 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 |