Cash flow Blackstone Inc.

Equities

BX

US09260D1072

Investment Management & Fund Operators

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Published financial data: BLACKSTONE INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Interest and Dividend Income, Total	125M	161M	272M	516M	411M
Interest Expense, Total	166M	198M	317M	432M	444M
Net Interest Income	-40.93M	-37.62M	-45.61M	84.63M	-32.53M
Trading and Principal Transactions	277M	2.46B	-714M	-299M	713M
Asset Management Fee	4.23B	5.42B	6.83B	7.37B	8.15B
Gain (Loss) on Sale of Investments, Total (Rev)	1.72B	14.33B	1.95B	532M	3.83B
Other Revenues, Total	-	-	-	-	-
Revenues Before Provison For Loan Losses	6.19B	22.18B	8.02B	7.68B	12.66B
Total Revenues	6.19B	22.18B	8.02B	7.68B	12.66B
Salaries And Other Employee Benefits	1.86B	2.16B	2.57B	3.31B	4.99B
Cost of Services Provided, Total	1.46B	7.12B	2.09B	1.24B	1.38B
Total Operating Expenses	3.31B	9.28B	4.66B	4.55B	6.38B
Operating Income	2.88B	12.9B	3.36B	3.13B	6.29B
Currency Exchange Gains (Loss)	-258M	201M	183M	-94.7M	122M
Other Non Operating Income (Expenses)	-183K	461M	23.94M	-25.42M	50.23M
EBT, Excl. Unusual Items	2.62B	13.56B	3.57B	3.01B	6.46B
Gain (Loss) on Sale of Investments	-	-	-105M	-56.8M	-
EBT, Incl. Unusual Items	2.62B	13.56B	3.46B	2.96B	6.46B
Income Tax Expense	356M	1.18B	473M	513M	1.02B
Earnings From Continuing Operations	2.26B	12.37B	2.99B	2.44B	5.44B
Net Income to Company	2.26B	12.37B	2.99B	2.44B	5.44B
Minority Interest	-1.22B	-6.52B	-1.24B	-1.05B	-2.66B
Net Income - (IS)	1.05B	5.86B	1.75B	1.39B	2.78B
Net Income to Common Incl Extra Items	1.05B	5.86B	1.75B	1.39B	2.78B
Net Income to Common Excl. Extra Items	1.05B	5.86B	1.75B	1.39B	2.78B
Per Share Items
Net EPS - Basic	1.48	8	2.35	1.84	3.62
Basic EPS - Continuing Operations	1.48	8	2.35	1.84	3.62
Basic Weighted Average Shares Outstanding	704M	732M	743M	755M	766M
Net EPS - Diluted	1.48	8	2.35	1.84	3.62
Diluted EPS - Continuing Operations	1.48	8	2.35	1.84	3.62
Diluted Weighted Average Shares Outstanding	704M	732M	743M	755M	767M
Normalized Basic EPS	0.6	2.67	1.33	1.1	1.8
Normalized Diluted EPS	0.6	2.67	1.33	1.1	1.79
Dividend Per Share	2.26	4.06	4.4	3.35	3.95
Payout Ratio	126.2	-	208.7	178.18	94.69
Supplemental Items
Total Revenues (As Reported)	6.1B	22.58B	8.52B	8.02B	13.23B
Effective Tax Rate - (Ratio)	13.6	8.73	13.66	17.36	15.82
Current Domestic Taxes	230M	664M	758M	549M	545M
Current Foreign Taxes	38.91M	55.38M	75.86M	113M	129M
Total Current Taxes	268M	720M	834M	662M	674M
Deferred Domestic Taxes	86.65M	467M	-358M	-141M	348M
Deferred Foreign Taxes	870K	-2.65M	-3.05M	-7.02M	-471K
Total Deferred Taxes	87.52M	465M	-361M	-148M	348M
Normalized Net Income	420M	1.96B	988M	831M	1.38B
Supplemental Operating Expense Items
Stock-Based Comp., COGS (Total)	7.65M	8.27M	9.92M	-	-
Stock-Based Comp., G&A Exp. (Total)	326M	551M	772M	959M	1.16B
Stock-Based Comp., Other (Total)	105M	77.9M	64.26M	28.08M	9.31M
Total Stock-Based Compensation	438M	637M	846M	988M	1.17B

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	2B	2.12B	4.25B	2.96B	1.97B
Securities Purchased Under Agreements To Resell	-	-	-	-	-
Accounts Receivable, Total	2.64B	3.52B	3.34B	3.64B	4.05B
Other Receivables	1.45B	1.77B	1.26B	1.02B	1.6B
Gross Property Plant And Equipment	1.05B	1.31B	1.65B	1.78B	1.83B
Accumulated Depreciation	-294M	-279M	-337M	-395M	-483M
Net Property Plant And Equipment	759M	1.03B	1.31B	1.38B	1.34B
Goodwill	1.9B	1.89B	1.89B	1.89B	1.89B
Other Intangibles, Total	348M	284M	217M	201M	165M
Investment In Debt and Equity Securities	15.51B	28.6B	27.46B	9.45B	10.86B
Trading Asset Securities, Total	126M	145M	203M	171M	180M
Restricted Cash	64.97M	79.99M	242M	316M	204M
Other Current Assets, Total	105M	92.36M	165M	208M	193M
Deferred Tax Assets Long-Term (Collected)	1.24B	1.58B	2.06B	2.33B	2B
Other Long-Term Assets, Total	129M	73.61M	111M	16.72B	19.01B
Total Assets	26.27B	41.2B	42.52B	40.29B	43.47B
Liabilities
Accounts Payable, Total	482M	742M	916M	1.41B	1.46B
Accrued Expenses, Total	3.43B	7.91B	6.1B	5.25B	6.09B
Short-Term Borrowings	279M	206M	178M	655M	1.08B
Current Portion of Long-Term Debt	-	-	400M	-	316M
Current Portion of Leases	91.95M	120M	142M	163M	179M
Long-Term Debt	5.64B	7.75B	11.95B	11.3B	11.01B
Long-Term Leases	529M	788M	879M	827M	787M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	51.03M	27.85M	3.82M	3.89M	1.92M
Other Non Current Liabilities	1.17B	1.95B	2.27B	2.61B	3.06B
Total Liabilities	11.68B	19.49B	22.84B	22.21B	23.97B
Common Stock, Total	7K	7K	7K	7K	7K
Additional Paid In Capital	6.33B	5.79B	5.94B	6.18B	7.44B
Retained Earnings	336M	3.65B	1.75B	661M	808M
Comprehensive Income and Other	-15.83M	-19.63M	-27.48M	-19.13M	-40.33M
Total Common Equity	6.65B	9.42B	7.66B	6.82B	8.21B
Minority Interest	7.94B	12.28B	12.03B	11.26B	11.28B
Total Equity	14.59B	21.71B	19.68B	18.08B	19.5B
Total Liabilities And Equity	26.27B	41.2B	42.52B	40.29B	43.47B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	704M	732M	743M	758M	769M
ECS Total Common Shares Outstanding	704M	732M	743M	758M	769M
Book Value / Share	9.45	12.87	10.31	8.99	10.68
Tangible Book Value	4.4B	7.25B	5.55B	4.73B	6.16B
Tangible Book Value Per Share	6.25	9.9	7.47	6.23	8.01
Total Debt	6.54B	8.86B	13.55B	12.95B	13.36B
Net Debt	4.42B	6.6B	9.09B	9.82B	11.21B
Equity Method Investments, Total	-	-	-	16.7B	18.94B
Full Time Employees	3.16K	3.8K	4.7K	4.74K	4.9K

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	1.05B	5.86B	1.75B	1.39B	2.78B
Depreciation, Depletion & Amortization	35.14M	52.19M	69.2M	94.1M	98.8M
Amortization of Goodwill and Intangible Assets - (CF)	71.05M	74.87M	67.1M	40.08M	35.96M
Total Depreciation, Depletion & Amortization	106M	127M	136M	134M	135M
(Gain) Loss on Sale of Investments - (CF)	-2.41B	-8.7B	-4.65B	-2.31B	-4.66B
Stock-Based Compensation (CF)	1.15B	6.8B	1.78B	1.46B	3.11B
Tax Benefit from Stock Options	-	-	-	-	-
Minority Interest in Earnings - (CF)	-	-	-	-	-
Change in Accounts Receivable	70.05M	288M	178M	238M	-78.28M
Change in Accounts Payable	120M	152M	149M	-40.28M	195M
Change in Other Net Operating Assets (Collected)	231M	1.75B	3.73B	1.36B	257M
Other Operating Activities	1.62B	-2.29B	3.27B	1.82B	1.75B
Cash from Operations	1.94B	3.99B	6.34B	4.06B	3.48B
Capital Expenditure	-112M	-64.32M	-235M	-224M	-61.41M
Cash Acquisitions	-55.17M	-	-	-5.42M	-
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-167M	-64.32M	-235M	-230M	-61.41M
Long-Term Debt Issued, Total	889M	2.22B	3.52B	495M	741M
Total Debt Issued	889M	2.22B	3.52B	495M	741M
Long-Term Debt Repaid, Total	-1.89M	-	-281M	-502M	-103M
Total Debt Repaid	-1.89M	-	-281M	-502M	-103M
Repurchase of Common Stock	-505M	-1.27B	-466M	-418M	-661M
Common Dividends Paid	-1.32B	-	-3.65B	-2.48B	-2.63B
Common & Preferred Stock Dividends Paid	-1.32B	-	-3.65B	-2.48B	-2.63B
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-1.31B	-4.73B	-2.92B	-2.15B	-1.85B
Cash from Financing	-2.24B	-3.78B	-3.79B	-5.05B	-4.5B
Foreign Exchange Rate Adjustments	15.72M	-9.81M	-12.32M	4.99M	-14.56M
Net Change in Cash	-459M	135M	2.29B	-1.22B	-1.1B
Supplemental Items
Cash Interest Paid	177M	194M	262M	400M	407M
Cash Income Tax Paid (Refund)	209M	701M	683M	569M	647M
Net Debt Issued / Repaid	887M	2.22B	3.24B	-7.48M	638M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	7.68	36.69	7.14	5.9	12.98
Return On Equity %	15.23	68.19	14.44	12.95	28.95
Return on Common Equity	15.3	72.88	20.47	19.22	36.95
Margin Analysis
Gross Profit Margin %	88.15	72.1	87.99	100	100
SG&A Margin	41.69	13.93	46.07	59.21	50.35
Income From Continuing Operations Margin %	36.54	55.8	37.29	31.81	42.94
Net Income Margin %	16.89	26.41	21.8	18.1	21.93
Net Avail. For Common Margin %	16.89	26.41	21.8	18.1	21.93
Normalized Net Income Margin	6.78	8.82	12.33	10.81	10.87
Asset Turnover
Asset Turnover	0.21	0.66	0.19	0.19	0.3
Short Term Liquidity
Current Ratio	1.47	0.86	1.22	1.11	0.9
Quick Ratio	1.43	0.84	1.17	1.04	0.86
Operating Cash Flow to Current Liabilities	0.45	0.44	0.82	0.54	0.38
Long Term Solvency
Total Debt/Equity	44.85	40.83	68.84	71.64	68.54
Total Debt / Total Capital	30.97	28.99	40.77	41.74	40.67
LT Debt/Equity	42.31	39.33	65.18	67.11	60.49
Long-Term Debt / Total Capital	29.21	27.92	38.61	39.1	35.89
Total Liabilities / Total Assets	44.46	47.31	53.72	55.13	55.15
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-12.32	258.32	-63.85	-4.14	64.79
Gross Profit, 1 Yr. Growth %	-6.11	193.04	-55.88	-4.14	64.79
Earnings From Cont. Operations, 1 Yr. Growth %	-41.5	447.2	-75.85	-18.22	122.47
Net Income, 1 Yr. Growth %	-49	460.32	-70.16	-20.41	99.62
Normalized Net Income, 1 Yr. Growth %	-26.35	366.17	-49.51	-15.93	65.63
Diluted EPS Before Extra, 1 Yr. Growth %	-51.01	438.83	-70.59	-22.02	96.74
Common Equity, 1 Yr. Growth %	-5.1	41.65	-18.75	-10.96	20.47
Total Assets, 1 Yr. Growth %	-19.38	56.82	3.22	-5.26	7.9
Tangible Book Value, 1 Yr. Growth %	-7.17	64.64	-23.45	-14.83	30.29
Cash From Operations, 1 Yr. Growth %	-1.38	105.89	58.96	-35.97	-14.18
Capital Expenditures, 1 Yr. Growth %	85.22	-42.4	266.16	-4.78	-72.61
Dividend Per Share, 1 Yr. Growth %	15.9	79.65	8.37	-23.86	17.91
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	1.59	77.25	13.81	-41.14	25.69
Gross Profit, 2 Yr. CAGR %	5.17	65.87	13.7	-41.14	25.69
Earnings From Cont. Operations, 2 Yr. CAGR %	-16.76	78.91	14.96	-55.56	34.88
Net Income, 2 Yr. CAGR %	-17.66	69.05	29.3	-51.27	26.04
Normalized Net Income, 2 Yr. CAGR %	-5.87	85.3	53.41	-34.85	18
Diluted EPS Before Extra, 2 Yr. CAGR %	-18.94	62.47	25.88	-52.43	23.86
Common Equity, 2 Yr. CAGR %	2.12	15.94	7.28	-14.95	3.57
Total Assets, 2 Yr. CAGR %	-4.7	12.44	27.23	-1.11	1.11
Tangible Book Value, 2 Yr. CAGR %	4.38	23.63	12.26	-19.26	5.34
Cash From Operations, 2 Yr. CAGR %	550.56	42.49	80.91	0.89	-25.87
Capital Expenditures, 2 Yr. CAGR %	146.49	3.29	45.23	86.72	-48.94
Dividend Per Share, 2 Yr. CAGR %	10.53	44.29	39.53	-9.16	-5.25
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-3.78	54.64	4.33	7.48	-17.04
Gross Profit, 3 Yr. CAGR %	-0	48	6.67	12.09	-17.04
Earnings From Cont. Operations, 3 Yr. CAGR %	-12.49	55.94	-8.22	2.62	-23.97
Net Income, 3 Yr. CAGR %	-10.77	56.04	-5.18	9.99	-22.03
Normalized Net Income, 3 Yr. CAGR %	-14.44	60.44	20.13	25.54	-11.08
Diluted EPS Before Extra, 3 Yr. CAGR %	-12.41	52.42	-8.09	7.41	-23.64
Common Equity, 3 Yr. CAGR %	0.09	13.89	2.98	0.82	-4.48
Total Assets, 3 Yr. CAGR %	-8.61	12.51	9.28	15.32	1.81
Tangible Book Value, 3 Yr. CAGR %	-0.33	21.5	5.37	2.39	-5.29
Cash From Operations, 3 Yr. CAGR %	5.98	343.34	47.78	27.97	-4.41
Capital Expenditures, 3 Yr. CAGR %	66.14	51.83	57.5	26.17	-1.53
Dividend Per Share, 3 Yr. CAGR %	-5.76	29.95	31.16	14.02	-0.91
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	6.57	34.74	2.9	5.08	12.4
Gross Profit, 5 Yr. CAGR %	6.74	31.11	5.27	9.27	16.86
Earnings From Cont. Operations, 5 Yr. CAGR %	6.84	40.64	-2.4	-5.62	7.06
Net Income, 5 Yr. CAGR %	8.05	41.32	3.5	-2.04	6.26
Normalized Net Income, 5 Yr. CAGR %	20.11	47.72	8.07	11.88	19.27
Diluted EPS Before Extra, 5 Yr. CAGR %	7.41	38.64	1.26	-4.03	3.61
Common Equity, 5 Yr. CAGR %	1.19	7.84	2.91	1.34	3.22
Total Assets, 5 Yr. CAGR %	3.12	9.3	4.32	6.85	5.93
Tangible Book Value, 5 Yr. CAGR %	0.92	10.1	4.53	3.18	5.36
Cash From Operations, 5 Yr. CAGR %	-4.18	114.11	31.26	145.23	12.14
Capital Expenditures, 5 Yr. CAGR %	13.51	24.13	57.44	64.92	0.37
Dividend Per Share, 5 Yr. CAGR %	-3.71	21.71	10.26	12.61	15.16