Blackstone Inc.
For the period ended Sep 30, 2025. Filed Nov 7, 2025.
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.
Sep 30, 2025 · Filed Nov 7, 2025
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 Operating Partnerships | Consolidated Blackstone Funds (a) | Reclasses and Eliminations | Consolidated | |
|---|---|---|---|---|
| Assets | ||||
| Cash and Cash Equivalents | $2,430,690 | $— | $— | $2,430,690 |
| Cash Held by Blackstone Funds and Other | — | 401,558 | — | 401,558 |
| Investments | 27,205,816 | 5,507,078 | (1,184,451) | 31,528,443 |
| Accounts Receivable | 537,167 | 6,042 | — | 543,209 |
| Due from Affiliates | 5,567,076 | 346,296 | (67,529) | 5,845,843 |
| Intangible Assets, Net | 140,458 | — | — | 140,458 |
| Goodwill | 1,890,202 | — | — | 1,890,202 |
| Other Assets | 893,301 | 7,281 | — | 900,582 |
| Right-of-Use Assets | 773,030 | — | — | 773,030 |
| Deferred Tax Assets | 2,100,275 | — | — | 2,100,275 |
| Total Assets | $41,538,015 | $6,268,255 | $(1,251,980) | $46,554,290 |
| Liabilities and Equity | ||||
| Loans Payable | $11,674,606 | $328,044 | $— | $12,002,650 |
| Due to Affiliates | 2,833,839 | 236,034 | (69,790) | 3,000,083 |
| Accrued Compensation and Benefits | 6,385,958 | — | — | 6,385,958 |
| Operating Lease Liabilities | 886,135 | — | — | 886,135 |
| Accounts Payable, Accrued Expenses and Other Liabilities | 2,854,341 | 63,682 | — | 2,918,023 |
| Total Liabilities | 24,634,879 | 627,760 | (69,790) | 25,192,849 |
| Redeemable Non-Controlling Interests in Consolidated Entities | 3 | 1,476,209 | — | 1,476,212 |
| Equity | ||||
| Common Stock | 7 | — | — | 7 |
| Series I Preferred Stock | — | — | — | — |
| Series II Preferred Stock | — | — | — | — |
| Additional Paid-in-Capital | 8,214,078 | 1,156,268 | (1,156,268) | 8,214,078 |
| Retained Earnings | 184,040 | 25,922 | (25,922) | 184,040 |
| Accumulated Other Comprehensive Income (Loss) | (51,568) | 45,966 | — | (5,602) |
| Non-Controlling Interests in Consolidated Entities | 4,226,827 | 2,936,130 | — | 7,162,957 |
| Non-Controlling Interests in Blackstone Holdings | 4,329,749 | — | — | 4,329,749 |
| Total Equity | 16,903,133 | 4,164,286 | (1,182,190) | 19,885,229 |
| Total Liabilities and Equity | $41,538,015 | $6,268,255 | $(1,251,980) | $46,554,290 |
Unaudited Consolidating Statements of Financial Condition - Continued
| ConsolidatedOperatingPartnerships | ConsolidatedBlackstoneFunds (a) | Reclasses andEliminations | Consolidated | |
|---|---|---|---|---|
| Assets | ||||
| Cash and Cash Equivalents | $1,972,140 | $— | $— | $1,972,140 |
| Cash Held by Blackstone Funds and Other | — | 204,052 | — | 204,052 |
| Investments | 26,791,383 | 3,890,732 | (881,549) | 29,800,566 |
| Accounts Receivable | 191,937 | 45,993 | — | 237,930 |
| Due from Affiliates | 5,436,866 | 21,089 | (48,640) | 5,409,315 |
| Intangible Assets, Net | 165,243 | — | — | 165,243 |
| Goodwill | 1,890,202 | — | — | 1,890,202 |
| Other Assets | 938,052 | 9,807 | — | 947,859 |
| Right-of-Use Assets | 838,620 | — | — | 838,620 |
| Deferred Tax Assets | 2,003,948 | — | — | 2,003,948 |
| Total Assets | $40,228,391 | $4,171,673 | $(930,189) | $43,469,875 |
| Liabilities and Equity | ||||
| Loans Payable | $11,233,468 | $87,488 | $— | $11,320,956 |
| Due to Affiliates | 2,582,178 | 276,789 | (50,819) | 2,808,148 |
| Accrued Compensation and Benefits | 6,087,700 | — | — | 6,087,700 |
| Operating Lease Liabilities | 965,742 | — | — | 965,742 |
| Accounts Payable, Accrued Expenses and Other Liabilities | 2,723,551 | 68,763 | — | 2,792,314 |
| Total Liabilities | 23,592,639 | 433,040 | (50,819) | 23,974,860 |
| Redeemable Non-Controlling Interests in Consolidated Entities | 1 | 801,398 | — | 801,399 |
| Equity | ||||
| Common Stock | 7 | — | — | 7 |
| Series I Preferred Stock | — | — | — | — |
| Series II Preferred Stock | — | — | — | — |
| Additional Paid-in-Capital | 7,444,561 | 878,014 | (878,014) | 7,444,561 |
| Retained Earnings | 808,079 | 1,356 | (1,356) | 808,079 |
| Accumulated Other Comprehensive Loss | (20,590) | (19,736) | — | (40,326) |
| Non-Controlling Interests in Consolidated Entities | 4,077,342 | 2,077,601 | — | 6,154,943 |
| Non-Controlling Interests in Blackstone Holdings | 4,326,352 | — | — | 4,326,352 |
| Total Equity | 16,635,751 | 2,937,235 | (879,370) | 18,693,616 |
| Total Liabilities and Equity | $40,228,391 | $4,171,673 | $(930,189) | $43,469,875 |
| (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.
Blackstone European Property Income Fund (Master) FCP
Blackstone European Property Income Fund SICAV
BEPIF (Aggregator) SCSp
Blackstone Infrastructure Partners Europe F (CYM) L.P.
Blackstone Infrastructure Partners Europe Lower Fund 1 (LUX) SCSp
Infrastructure Investments L.P.
Blackstone Infrastructure Strategies L.P.
BXCI ECX DevCo Lender 2 LLC*
BXCI Irving Aggregator LP*
Blackstone Chengu (Shanghai) Private Fund Partnership*
Clover Credit Partners CLO III, Ltd.
Hieroglyphs L.P.*
Private equity
side-by-side
investment vehicles
Real estate
side-by-side
investment vehicles
- Consolidated as of September 30, 2025 only
** Consolidated as of December 31, 2024 only
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.