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: 2012 | |||
Consolidated Statements of Operations | |||
Period Ending Dec 31, 2012 10-K (Filed: Mar 1, 2013) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Revenues | |||
| Management and Advisory Fees, Net | $ 2,030,693 | 1,811,750 | 1,584,748 |
| Performance Fees | |||
| Performance Fees Realized - Carried Interest | 327,422 | 138,907 | 244,963 |
| Performance Fees Realized - Incentive Fees | 301,801 | 90,099 | 121,758 |
| Performance Fees Unrealized - Carried Interest | 994,190 | 971,518 | 457,002 |
| Performance Fees Unrealized - Incentive Fees | (30,361) | (17,864) | 114,111 |
| Total Performance Fees | 1,593,052 | 1,182,660 | 937,834 |
| Investment Income | |||
| Realized | 93,963 | 87,542 | 29,157 |
| Unrealized | 256,231 | 125,781 | 532,004 |
| Total Investment Income | 350,194 | 213,323 | 561,161 |
| Interest and Dividend Revenue | 40,354 | 37,427 | 36,218 |
| Other | 5,148 | 7,416 | (619) |
| Total Revenues | 4,019,441 | 3,252,576 | 3,119,342 |
| Expenses | |||
| Compensation | 2,091,698 | 2,421,712 | 3,253,226 |
| Performance Fee Compensation | |||
| Performance Fee Compensation - Realized Carried Interest | 96,433 | 43,615 | 70,716 |
| Performance Fee Compensation - Realized Incentive Fees | 140,042 | 55,912 | 57,600 |
| Performance Fee Compensation - Unrealized Carried Interest | 321,599 | 237,945 | 165,340 |
| Performance Fee Compensation - Unrealized Incentive Fees | (44,528) | (20,759) | 63,307 |
| Total Compensation and Benefits | 2,605,244 | 2,738,425 | 3,610,189 |
| General, Administrative and Other | 548,738 | 566,313 | 466,358 |
| Interest Expense | 72,870 | 57,824 | 41,229 |
| Fund Expenses | 33,829 | 25,507 | 26,214 |
| Total Expenses | 3,260,681 | 3,388,069 | 4,143,990 |
| Other Income | |||
| Reversal of Tax Receivable Agreement Liability | 197,816 | ||
| Net Gains from Fund Investment Activities | 256,145 | 14,935 | 501,994 |
| Total Other Income | 256,145 | 212,751 | 501,994 |
| Income (Loss) Before Provision for Taxes | 1,014,905 | 77,258 | (522,654) |
| Provision for Taxes | 185,023 | 345,711 | 84,669 |
| Net Income (Loss) | 829,882 | (268,453) | (607,323) |
| Net Income (Loss) Attributable to Redeemable Non-Controlling Interests in Consolidated Entities | 103,598 | (24,869) | 87,651 |
| Net Income Attributable to Non-Controlling Interests in Consolidated Entities | 99,959 | 7,953 | 343,498 |
| Net Income (Loss) Attributable to Non-Controlling Interests in Blackstone Holdings | 407,727 | (83,234) | (668,444) |
| Net Income (Loss) Attributable to The Blackstone Group L.P. | 218,598 | (168,303) | (370,028) |
| Distributions Declared per Common Unit | 0.52 | 0.62 | 0.60 |
| Net Income (Loss) Per Common Unit | |||
| Common Units, Basic and Diluted | 0.41 | (0.35) | (1.02) |
| Weighted-Average Common Units Outstanding | |||
| Common Units, Basic | 533,703,606 | 475,582,718 | 364,021,369 |
| Common Units, Diluted | 538,669,070 | 475,582,718 | 364,021,369 |
| Revenues Earned from Affiliates | |||
| Management and Advisory Fees | 254,729 | 317,675 | 189,006 |
| External Links | |
| BLACKSTONE INC. (BX) Fiscal Year 2012 | |
| 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 |