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: 2014 | |||
Consolidated Statements of Operations | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 27, 2015) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Revenues | |||
| Management and Advisory Fees, Net | $ 2,497,252 | 2,193,985 | 2,030,693 |
| Performance Fees | |||
| Performance Fees Realized - Carried Interest | 2,450,082 | 943,958 | 327,422 |
| Performance Fees Realized - Incentive Fees | 249,005 | 464,838 | 301,801 |
| Performance Fees Unrealized - Carried Interest | 1,704,924 | 2,158,010 | 994,190 |
| Performance Fees Unrealized - Incentive Fees | (29,749) | (22,749) | (30,361) |
| Total Performance Fees | 4,374,262 | 3,544,057 | 1,593,052 |
| Investment Income | |||
| Realized | 523,735 | 188,644 | 93,963 |
| Unrealized | 10,265 | 611,664 | 256,231 |
| Total Investment Income | 534,000 | 800,308 | 350,194 |
| Interest and Dividend Revenue | 69,809 | 64,511 | 40,354 |
| Other | 9,405 | 10,307 | 5,148 |
| Total Revenues | 7,484,728 | 6,613,168 | 4,019,441 |
| Expenses | |||
| Compensation and Benefits Compensation | 1,868,868 | 1,844,485 | 2,091,698 |
| Performance Fee Compensation | |||
| Performance Fee Compensation - Realized Carried Interest | 815,643 | 257,201 | 96,433 |
| Performance Fee Compensation - Realized Incentive Fees | 110,099 | 200,915 | 140,042 |
| Performance Fee Compensation - Unrealized Carried Interest | 379,037 | 966,717 | 321,599 |
| Performance Fee Compensation - Unrealized Incentive Fees | (19,276) | (11,651) | (44,528) |
| Total Compensation and Benefits | 3,154,371 | 3,257,667 | 2,605,244 |
| General, Administrative and Other | 549,463 | 474,442 | 548,738 |
| Interest Expense | 121,524 | 107,973 | 72,870 |
| Fund Expenses | 30,498 | 26,658 | 33,829 |
| Total Expenses | 3,855,856 | 3,866,740 | 3,260,681 |
| Other Income | |||
| Reversal of Tax Receivable Agreement Liability | 20,469 | ||
| Net Gains from Fund Investment Activities | 357,854 | 381,664 | 256,145 |
| Total Other Income | 357,854 | 402,133 | 256,145 |
| Income Before Provision for Taxes | 3,986,726 | 3,148,561 | 1,014,905 |
| Provision for Taxes | 291,173 | 255,642 | 185,023 |
| Net Income | 3,695,553 | 2,892,919 | 829,882 |
| Net Income Attributable to Redeemable Non Controlling Interests in Consolidated Entities | 74,794 | 183,315 | 103,598 |
| Net Income Attributable to Non-Controlling Interests in Consolidated Entities | 335,070 | 198,557 | 99,959 |
| Net Income Attributable to Non-Controlling Interests in Blackstone Holdings | 1,701,100 | 1,339,845 | 407,727 |
| Net Income Attributable to The Blackstone Group L.P. | 1,584,589 | 1,171,202 | 218,598 |
| Net Income Per Common Unit | |||
| Common Units, Basic | 2.60 | 2.00 | 0.41 |
| Common Units, Diluted | 2.58 | 1.98 | 0.41 |
| Weighted-Average Common Units Outstanding | |||
| Common Units, Basic | 608,803,111 | 587,018,828 | 533,703,606 |
| Common Units, Diluted | 613,176,405 | 590,546,640 | 538,669,070 |
| Revenues Earned from Affiliates | |||
| Management and Advisory Fees, Net | 327,134 | 253,877 | 254,729 |
| External Links | |
| BLACKSTONE INC. (BX) Fiscal Year 2014 | |
| 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 |