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: 2013 | |||
Consolidated Statements of Operations | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 28, 2014) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Revenues | |||
| Management and Advisory Fees, Net | $ 2,193,985 | 2,030,693 | 1,811,750 |
| Performance Fees | |||
| Performance Fees Realized - Carried Interest | 943,958 | 327,422 | 138,907 |
| Performance Fees Realized - Incentive Fees | 464,838 | 301,801 | 90,099 |
| Performance Fees Unrealized - Carried Interest | 2,158,010 | 994,190 | 971,518 |
| Performance Fees Unrealized - Incentive Fees | (22,749) | (30,361) | (17,864) |
| Total Performance Fees | 3,544,057 | 1,593,052 | 1,182,660 |
| Investment Income | |||
| Realized | 188,644 | 93,963 | 87,542 |
| Unrealized | 611,664 | 256,231 | 125,781 |
| Total Investment Income | 800,308 | 350,194 | 213,323 |
| Interest and Dividend Revenue | 64,511 | 40,354 | 37,427 |
| Other | 10,307 | 5,148 | 7,416 |
| Total Revenues | 6,613,168 | 4,019,441 | 3,252,576 |
| Expenses | |||
| Compensation and Benefits Compensation | 1,844,485 | 2,091,698 | 2,421,712 |
| Performance Fee Compensation | |||
| Performance Fee Compensation - Realized Carried Interest | 257,201 | 96,433 | 43,615 |
| Performance Fee Compensation - Realized Incentive Fees | 200,915 | 140,042 | 55,912 |
| Performance Fee Compensation - Unrealized Carried Interest | 966,717 | 321,599 | 237,945 |
| Performance Fee Compensation - Unrealized Incentive Fees | (11,651) | (44,528) | (20,759) |
| Total Compensation and Benefits | 3,257,667 | 2,605,244 | 2,738,425 |
| General, Administrative and Other | 474,442 | 548,738 | 566,313 |
| Interest Expense | 107,973 | 72,870 | 57,824 |
| Fund Expenses | 26,658 | 33,829 | 25,507 |
| Total Expenses | 3,866,740 | 3,260,681 | 3,388,069 |
| Other Income | |||
| Reversal of Tax Receivable Agreement Liability | 20,469 | 197,816 | |
| Net Gains from Fund Investment Activities | 381,664 | 256,145 | 14,935 |
| Total Other Income | 402,133 | 256,145 | 212,751 |
| Income Before Provision for Taxes | 3,148,561 | 1,014,905 | 77,258 |
| Provision for Taxes | 255,642 | 185,023 | 345,711 |
| Net Income (Loss) | 2,892,919 | 829,882 | (268,453) |
| Net Income (Loss) Attributable to Redeemable Non-Controlling Interests in Consolidated Entities | 183,315 | 103,598 | (24,869) |
| Net Income Attributable to Non-Controlling Interests in Consolidated Entities | 198,557 | 99,959 | 7,953 |
| Net Income (Loss) Attributable to Non-Controlling Interests in Blackstone Holdings | 1,339,845 | 407,727 | (83,234) |
| Net Income (Loss) Attributable to The Blackstone Group L.P. | 1,171,202 | 218,598 | (168,303) |
| Net Income (Loss) Per Common Unit | |||
| Common Units, Basic | 2.00 | 0.41 | (0.35) |
| Common Units, Diluted | 1.98 | 0.41 | (0.35) |
| Weighted-Average Common Units Outstanding | |||
| Common Units, Basic | 587,018,828 | 533,703,606 | 475,582,718 |
| Common Units, Diluted | 590,546,640 | 538,669,070 | 475,582,718 |
| Revenues Earned from Affiliates | |||
| Management and Advisory Fees, Net | 253,877 | 254,729 | 317,675 |
| External Links | |
| BLACKSTONE INC. (BX) Fiscal Year 2013 | |
| 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 |