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: 2017 | |||
Consolidated Statements of Operations | |||
Period Ending Dec 31, 2017 10-K (Filed: Mar 1, 2018) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Revenues | |||
| Management and Advisory Fees, Net | $ 2,729,056 | 2,442,975 | 2,542,505 |
| Performance Fees | |||
| Performance Fees Realized - Carried Interest | 3,439,754 | 1,474,830 | 3,205,290 |
| Performance Fees Realized - Incentive Fees | 374,571 | 170,537 | 193,238 |
| Performance Fees Unrealized - Carried Interest | (100,477) | 481,304 | (1,595,174) |
| Performance Fees Unrealized - Incentive Fees | (8,692) | 49,660 | (6,688) |
| Total Performance Fees | 3,705,156 | 2,176,331 | 1,796,666 |
| Investment Income (Loss) | |||
| Realized | 635,769 | 278,737 | 555,171 |
| Unrealized | 42,605 | 77,314 | (350,529) |
| Total Investment Income | 678,374 | 356,051 | 204,642 |
| Interest and Dividend Revenue | 139,696 | 95,724 | 94,957 |
| Other | (133,229) | 54,753 | 7,782 |
| Total Revenues | 7,119,053 | 5,125,834 | 4,646,552 |
| Expenses | |||
| Compensation and Benefits Compensation | 1,442,485 | 1,335,408 | 1,726,191 |
| Performance Fee Compensation | |||
| Performance Fee Compensation - Realized Carried Interest | 1,226,561 | 455,954 | 793,801 |
| Performance Fee Compensation - Realized Incentive Fees | 160,683 | 78,096 | 85,945 |
| Performance Fee Compensation - Unrealized Carried Interest | 105,372 | 312,838 | (312,696) |
| Performance Fee Compensation - Unrealized Incentive Fees | (4,286) | 21,134 | (2,490) |
| Total Compensation and Benefits | 2,930,815 | 2,203,430 | 2,290,751 |
| General, Administrative and Other | 466,316 | 520,309 | 576,103 |
| Interest Expense | 197,486 | 152,654 | 144,522 |
| Fund Expenses | 132,787 | 52,181 | 79,499 |
| Total Expenses | 3,727,404 | 2,928,574 | 3,090,875 |
| Other Income | |||
| Reduction of Tax Receivable Agreement Liability | 403,855 | 82,707 | |
| Net Gains from Fund Investment Activities | 321,597 | 184,750 | 176,364 |
| Total Other Income | 725,452 | 184,750 | 259,071 |
| Income Before Provision for Taxes | 4,117,101 | 2,382,010 | 1,814,748 |
| Provision for Taxes | 743,147 | 132,362 | 190,398 |
| Net Income | 3,373,954 | 2,249,648 | 1,624,350 |
| Net Income Attributable to Redeemable Non- Controlling Interests in Consolidated Entities | 13,806 | 3,977 | 11,145 |
| Net Income Attributable to Non-Controlling Interests in Consolidated Entities | 497,439 | 246,152 | 219,900 |
| Net Income Attributable to Non-Controlling Interests in Blackstone Holdings | 1,391,879 | 960,284 | 683,516 |
| Net Income Attributable to The Blackstone Group L.P. | 1,470,830 | 1,039,235 | 709,789 |
| Net Income Per Common Unit | |||
| Common Units, Basic | 2.21 | 1.60 | 1.12 |
| Common Units, Diluted | 2.21 | 1.56 | 1.04 |
| Weighted-Average Common Units Outstanding | |||
| Common Units, Basic | 665,453,198 | 649,475,264 | 634,337,179 |
| Common Units, Diluted | 666,246,846 | 1,195,114,590 | 1,188,085,411 |
| Revenues Earned from Affiliates | |||
| Management and Advisory Fees, Net | 161,153 | 185,769 | 210,672 |
| External Links | |
| BLACKSTONE INC. (BX) Fiscal Year 2017 | |
| 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 |