Blackstone Inc
For the period ended Mar 31, 2024. Filed May 3, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 3, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Supplemental Presentation of Statements of Financial Condition
Item 1A. Unaudited Supplemental Presentation of Statements of Financial Condition
Unaudited Consolidating Statements of Financial Condition
| Consolidated · Consolidated | ||||
|---|---|---|---|---|
| Operating · Blackstone · Reclasses and | ||||
| Partnerships | Funds (a) | Eliminations | Consolidated | |
| Assets | ||||
| Cash and Cash Equivalents | $2,504,471 | $— | $— | $2,504,471 |
| Cash Held by Blackstone Funds and Other | — | 167,711 | — | 167,711 |
| Investments | 23,188,344 | 3,458,911 | (724,965) | 25,922,290 |
| Accounts Receivable | 194,374 | 4,928 | — | 199,302 |
| Due from Affiliates | 4,727,182 | 15,219 | (47,177) | 4,695,224 |
| Intangible Assets, Net | 192,227 | — | — | 192,227 |
| Goodwill | 1,890,202 | — | — | 1,890,202 |
| Other Assets | 1,072,303 | 324 | — | 1,072,627 |
| Right-of-Use Assets | 805,454 | — | — | 805,454 |
| Deferred Tax Assets | 2,256,794 | — | — | 2,256,794 |
| Total Assets | $36,831,351 | $3,647,093 | $(772,142) | $39,706,302 |
| Liabilities and Equity | ||||
| Loans Payable | $10,570,336 | $169,835 | $— | $10,740,171 |
| Due to Affiliates | 2,027,046 | 157,799 | (49,367) | 2,135,478 |
| Accrued Compensation and Benefits | 5,378,212 | — | — | 5,378,212 |
| Operating Lease Liabilities | 951,648 | — | — | 951,648 |
| Accounts Payable, Accrued Expenses and Other Liabilities | 1,954,381 | 68,978 | — | 2,023,359 |
| Total Liabilities | 20,881,623 | 396,612 | (49,367) | 21,228,868 |
| Redeemable Non-Controlling Interests in Consolidated Entities | 9 | 934,996 | — | 935,005 |
| Equity | ||||
| Common Stock | 7 | — | — | 7 |
| Series I Preferred Stock | — | — | — | — |
| Series II Preferred Stock | — | — | — | — |
| Additional Paid-in-Capital | 6,190,142 | 714,885 | (714,885) | 6,190,142 |
| Retained Earnings | 796,201 | 7,890 | (7,890) | 796,201 |
| Accumulated Other Comprehensive Income (Loss) | (36,884) | 5,602 | — | (31,282) |
| Non-Controlling Interests in Consolidated Entities | 3,794,570 | 1,587,108 | — | 5,381,678 |
| Non-Controlling Interests in Blackstone Holdings | 5,205,683 | — | — | 5,205,683 |
| Total Equity | 15,949,719 | 2,315,485 | (722,775) | 17,542,429 |
| Total Liabilities and Equity | $36,831,351 | $3,647,093 | $(772,142) | $39,706,302 |
Unaudited Consolidating Statements of Financial Condition - Continued
| Consolidated · Consolidated | ||||
|---|---|---|---|---|
| Operating · Blackstone · Reclasses and | ||||
| Partnerships | Funds (a) | Eliminations | Consolidated | |
| Assets | ||||
| Cash and Cash Equivalents | $2,955,866 | $— | $— | $2,955,866 |
| Cash Held by Blackstone Funds and Other | — | 316,197 | — | 316,197 |
| Investments | 22,595,236 | 4,319,483 | (768,097) | 26,146,622 |
| Accounts Receivable | 186,370 | 6,995 | — | 193,365 |
| Due from Affiliates | 4,498,250 | 13,901 | (45,630) | 4,466,521 |
| Intangible Assets, Net | 201,208 | — | — | 201,208 |
| Goodwill | 1,890,202 | — | — | 1,890,202 |
| Other Assets | 944,078 | 770 | — | 944,848 |
| Right-of-Use Assets | 841,307 | — | — | 841,307 |
| Deferred Tax Assets | 2,331,394 | — | — | 2,331,394 |
| Total Assets | $36,443,911 | $4,657,346 | $(813,727) | $40,287,530 |
| Liabilities and Equity | ||||
| Loans Payable | $10,616,937 | $687,122 | $— | $11,304,059 |
| Due to Affiliates | 2,273,008 | 220,758 | (100,356) | 2,393,410 |
| Accrued Compensation and Benefits | 5,247,766 | — | — | 5,247,766 |
| Operating Lease Liabilities | 989,823 | — | — | 989,823 |
| Accounts Payable, Accrued Expenses and Other Liabilities | 1,886,086 | 391,172 | — | 2,277,258 |
| Total Liabilities | 21,013,620 | 1,299,052 | (100,356) | 22,212,316 |
| Redeemable Non-Controlling Interests in Consolidated Entities | 9 | 1,179,064 | — | 1,179,073 |
| Equity | ||||
| Common Stock | 7 | — | — | 7 |
| Series I Preferred Stock | — | — | — | — |
| Series II Preferred Stock | — | — | — | — |
| Additional Paid-in-Capital | 6,175,190 | 701,792 | (701,792) | 6,175,190 |
| Retained Earnings | 660,734 | 11,579 | (11,579) | 660,734 |
| Accumulated Other Comprehensive Income (Loss) | (36,175) | 17,042 | — | (19,133) |
| Non-Controlling Interests in Consolidated Entities | 3,728,438 | 1,448,817 | — | 5,177,255 |
| Non-Controlling Interests in Blackstone Holdings | 4,902,088 | — | — | 4,902,088 |
| Total Equity | 15,430,282 | 2,179,230 | (713,371) | 16,896,141 |
| Total Liabilities and Equity | $36,443,911 | $4,657,346 | $(813,727) | $40,287,530 |
| (a) | The Consolidated Blackstone Funds consisted of the following: |
|---|
Blackstone Annex Onshore Fund L.P.
Blackstone Horizon Fund L.P.
BTD CP Holdings LP
Blackstone Dislocation Fund L.P.
BEPIF (Aggregator) SCSp
BX Shipston SCSp
Blackstone Private Equity Strategies Fund L.P.*
Blackstone Private Equity Strategies Fund SICAV*
Blackstone Private Equity Strategies Fund (Master) FCP*
Clover Credit Partners CLO III, Ltd.
Bayswater Park CLO, LTD.*
Peebles Park CLO, LTD.*
Private equity side-by-side investment vehicles
Real estate side-by-side investment vehicles
Multi-Asset Investing side-by-side investment vehicles.
*Consolidated as of December 31, 2023 only
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.