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	2019	2020	2021	2022	2023
Interest and Dividend Income, Total	182M	125M	161M	272M	516M
Interest Expense, Total	200M	166M	198M	317M	432M
Net Interest Income	-17.25M	-40.93M	-37.62M	-45.61M	84.63M
Trading and Principal Transactions	608M	277M	2.46B	-714M	-299M
Asset Management Fee	3.6B	4.23B	5.42B	6.83B	7.37B
Gain (Loss) on Sale of Investments, Total (Rev)	2.87B	1.72B	14.33B	1.95B	532M
Other Revenues, Total	79.99M	-	-	-	-
Revenues Before Provison For Loan Losses	7.14B	6.19B	22.18B	8.02B	7.68B
Total Revenues	7.14B	6.19B	22.18B	8.02B	7.68B
Salaries And Other Employee Benefits	1.82B	1.86B	2.16B	2.57B	2.79B
Cost of Services Provided, Total	1.94B	1.46B	7.12B	2.09B	1.76B
Total Operating Expenses	3.77B	3.31B	9.28B	4.66B	4.55B
Operating Income	3.37B	2.88B	12.9B	3.36B	3.13B
Currency Exchange Gains (Loss)	-	-258M	201M	183M	-94.7M
Other Non Operating Income (Expenses)	444M	-183K	461M	23.94M	-25.42M
EBT, Excl. Unusual Items	3.82B	2.62B	13.56B	3.57B	3.01B
Gain (Loss) on Sale of Investments	-	-	-	-105M	-56.8M
EBT, Incl. Unusual Items	3.82B	2.62B	13.56B	3.46B	2.96B
Income Tax Expense	-47.95M	356M	1.18B	473M	513M
Earnings From Continuing Operations	3.87B	2.26B	12.37B	2.99B	2.44B
Net Income to Company	3.87B	2.26B	12.37B	2.99B	2.44B
Minority Interest	-1.82B	-1.22B	-6.52B	-1.24B	-1.05B
Net Income - (IS)	2.05B	1.05B	5.86B	1.75B	1.39B
Net Income to Common Incl Extra Items	2.05B	1.05B	5.86B	1.75B	1.39B
Net Income to Common Excl. Extra Items	2.05B	1.05B	5.86B	1.75B	1.39B
Per Share Items
Net EPS - Basic	3.03	1.48	8	2.35	1.83
Basic EPS - Continuing Operations	3.03	1.48	8	2.35	1.83
Basic Weighted Average Shares Outstanding	-	704M	732M	743M	758M
Net EPS - Diluted	3.03	1.48	8	2.35	1.83
Diluted EPS - Continuing Operations	3.03	1.48	8	2.35	1.83
Diluted Weighted Average Shares Outstanding	-	704M	732M	743M	758M
Normalized Basic EPS	0.84	0.6	2.67	1.33	1.1
Normalized Diluted EPS	0.84	0.6	2.67	1.33	1.1
Dividend Per Share	1.95	2.26	4.06	4.4	3.35
Payout Ratio	63.04	126.2	-	208.7	178.18
Supplemental Items
Total Revenues (As Reported)	7.34B	6.1B	22.58B	8.52B	8.02B
Effective Tax Rate - (Ratio)	-1.26	13.6	8.73	13.66	17.36
Current Domestic Taxes	93.88M	230M	664M	758M	549M
Current Foreign Taxes	38.1M	38.91M	55.38M	75.86M	113M
Total Current Taxes	132M	268M	720M	834M	662M
Deferred Domestic Taxes	-180M	86.65M	467M	-358M	-141M
Deferred Foreign Taxes	312K	870K	-2.65M	-3.05M	-7.02M
Total Deferred Taxes	-180M	87.52M	465M	-361M	-148M
Normalized Net Income	570M	420M	1.96B	988M	831M
Supplemental Operating Expense Items
Stock-Based Comp., COGS (Total)	8.51M	7.65M	8.27M	9.92M	12.9M
Stock-Based Comp., G&A Exp. (Total)	222M	326M	551M	772M	947M
Stock-Based Comp., Other (Total)	187M	105M	77.9M	64.26M	28.08M
Total Stock-Based Compensation	417M	438M	637M	846M	988M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	2.17B	2B	2.12B	4.25B	2.96B
Securities Purchased Under Agreements To Resell	-	-	-	-	-
Accounts Receivable, Total	2B	2.64B	3.52B	3.34B	3.64B
Other Receivables	1.57B	1.45B	1.77B	1.26B	1.02B
Gross Property Plant And Equipment	888M	1.05B	1.31B	1.65B	1.78B
Accumulated Depreciation	-263M	-294M	-279M	-337M	-395M
Net Property Plant And Equipment	626M	759M	1.03B	1.31B	1.38B
Goodwill	1.87B	1.9B	1.89B	1.89B	1.89B
Other Intangibles, Total	398M	348M	284M	217M	201M
Investment In Debt and Equity Securities	22.09B	15.51B	28.6B	27.46B	9.45B
Trading Asset Securities, Total	54.4M	126M	145M	203M	171M
Restricted Cash	351M	64.97M	79.99M	242M	316M
Other Current Assets, Total	159M	105M	92.36M	165M	208M
Deferred Tax Assets Long-Term (Collected)	1.09B	1.24B	1.58B	2.06B	2.33B
Other Long-Term Assets, Total	210M	129M	73.61M	111M	16.72B
Total Assets	32.59B	26.27B	41.2B	42.52B	40.29B
Liabilities
Accounts Payable, Total	769M	482M	742M	916M	1.41B
Accrued Expenses, Total	3.8B	3.43B	7.91B	6.1B	5.25B
Short-Term Borrowings	164M	279M	206M	178M	655M
Current Portion of Long-Term Debt	-	-	-	400M	-
Current Portion of Leases	84.64M	91.95M	120M	142M	163M
Long-Term Debt	11.08B	5.64B	7.75B	11.95B	11.3B
Long-Term Leases	458M	529M	788M	879M	827M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	75.54M	51.03M	27.85M	3.82M	3.89M
Deferred Tax Liability Non-Current	-	-	-	-	-
Other Non Current Liabilities	1.05B	1.17B	1.95B	2.27B	2.61B
Total Liabilities	17.48B	11.68B	19.49B	22.84B	22.21B
Common Stock, Total	7K	7K	7K	7K	7K
Additional Paid In Capital	6.43B	6.33B	5.79B	5.94B	6.18B
Retained Earnings	610M	336M	3.65B	1.75B	661M
Comprehensive Income and Other	-28.5M	-15.83M	-19.63M	-27.48M	-19.13M
Total Common Equity	7.01B	6.65B	9.42B	7.66B	6.82B
Minority Interest	8.09B	7.94B	12.28B	12.03B	11.26B
Total Equity	15.1B	14.59B	21.71B	19.68B	18.08B
Total Liabilities And Equity	32.59B	26.27B	41.2B	42.52B	40.29B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	680M	704M	732M	743M	758M
ECS Total Common Shares Outstanding	680M	704M	732M	743M	758M
Book Value / Share	10.3	9.45	12.87	10.31	8.99
Tangible Book Value	4.74B	4.4B	7.25B	5.55B	4.73B
Tangible Book Value Per Share	6.97	6.25	9.9	7.47	6.23
Total Debt	11.79B	6.54B	8.86B	13.55B	12.95B
Net Debt	9.56B	4.42B	6.6B	9.09B	9.82B
Equity Method Investments, Total	-	-	-	-	16.7B
Full Time Employees	2.9K	3.16K	3.8K	4.7K	4.74K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	2.05B	1.05B	5.86B	1.75B	1.39B
Depreciation, Depletion & Amortization	26.3M	35.14M	52.19M	69.2M	94.1M
Amortization of Goodwill and Intangible Assets - (CF)	71M	71.05M	74.87M	67.1M	40.08M
Total Depreciation, Depletion & Amortization	97.3M	106M	127M	136M	134M
(Gain) Loss on Sale of Investments - (CF)	-2.57B	-2.41B	-8.7B	-4.65B	-2.31B
Stock-Based Compensation (CF)	1.65B	1.15B	6.8B	1.78B	1.46B
Tax Benefit from Stock Options	-	-	-	-	-
Minority Interest in Earnings - (CF)	-	-	-	-	-
Change in Accounts Receivable	-238M	70.05M	288M	178M	238M
Change in Accounts Payable	-324M	120M	152M	149M	-40.28M
Change in Other Net Operating Assets (Collected)	1.08B	231M	1.75B	3.73B	1.36B
Other Operating Activities	215M	1.62B	-2.29B	3.27B	1.82B
Cash from Operations	1.96B	1.94B	3.99B	6.34B	4.06B
Capital Expenditure	-60.28M	-112M	-64.32M	-235M	-224M
Cash Acquisitions	-	-55.17M	-	-	-5.42M
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-60.28M	-167M	-64.32M	-235M	-230M
Long-Term Debt Issued, Total	1.55B	889M	2.22B	3.52B	495M
Total Debt Issued	1.55B	889M	2.22B	3.52B	495M
Long-Term Debt Repaid, Total	-403M	-1.89M	-	-281M	-502M
Total Debt Repaid	-403M	-1.89M	-	-281M	-502M
Repurchase of Common Stock	-585M	-505M	-1.27B	-466M	-418M
Common Dividends Paid	-1.29B	-1.32B	-	-3.65B	-2.48B
Common & Preferred Stock Dividends Paid	-1.29B	-1.32B	-	-3.65B	-2.48B
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-1.19B	-1.31B	-4.73B	-2.92B	-2.15B
Cash from Financing	-1.92B	-2.24B	-3.78B	-3.79B	-5.05B
Foreign Exchange Rate Adjustments	-2.96M	15.72M	-9.81M	-12.32M	4.99M
Net Change in Cash	-21.51M	-459M	135M	2.29B	-1.22B
Supplemental Items
Cash Interest Paid	167M	177M	194M	262M	400M
Cash Income Tax Paid (Refund)	159M	209M	701M	683M	569M
Net Debt Issued / Repaid	1.15B	887M	2.22B	3.24B	-7.48M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	12.57	7.68	36.69	7.14	5.9
Return On Equity %	26.79	15.23	68.19	14.44	12.95
Return on Common Equity	30.62	15.3	72.88	20.47	19.22
Margin Analysis
Gross Profit Margin %	82.52	88.15	72.1	87.99	93.13
SG&A Margin	35.27	41.69	13.93	46.07	52.34
Income From Continuing Operations Margin %	54.16	36.54	55.8	37.29	31.81
Net Income Margin %	28.71	16.89	26.41	21.8	18.1
Net Avail. For Common Margin %	28.71	16.89	26.41	21.8	18.1
Normalized Net Income Margin	7.98	6.78	8.82	12.33	10.81
Asset Turnover
Asset Turnover	0.23	0.21	0.66	0.19	0.19
Short Term Liquidity
Current Ratio	1.29	1.47	0.86	1.22	1.11
Quick Ratio	1.19	1.43	0.84	1.17	1.04
Operating Cash Flow to Current Liabilities	0.4	0.45	0.44	0.82	0.54
Long Term Solvency
Total Debt/Equity	78.05	44.85	40.83	68.84	71.64
Total Debt / Total Capital	43.84	30.97	28.99	40.77	41.74
LT Debt/Equity	76.4	42.31	39.33	65.18	67.11
Long-Term Debt / Total Capital	42.91	29.21	27.92	38.61	39.1
Total Liabilities / Total Assets	53.65	44.46	47.31	53.72	55.13
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	7.04	-12.32	258.32	-63.85	-4.14
Gross Profit, 1 Yr. Growth %	5.11	-6.11	193.04	-55.88	1.46
Earnings From Cont. Operations, 1 Yr. Growth %	18.46	-41.5	447.2	-75.85	-18.22
Net Income, 1 Yr. Growth %	32.94	-49	460.32	-70.16	-20.41
Normalized Net Income, 1 Yr. Growth %	20.29	-26.35	366.17	-49.51	-15.93
Diluted EPS Before Extra, 1 Yr. Growth %	34.14	-51.01	438.83	-70.59	-22.03
Common Equity, 1 Yr. Growth %	9.88	-5.1	41.65	-18.75	-10.96
Total Assets, 1 Yr. Growth %	12.66	-19.38	56.82	3.22	-5.26
Tangible Book Value, 1 Yr. Growth %	17.36	-7.17	64.64	-23.45	-14.83
Cash From Operations, 1 Yr. Growth %	4.19K	-1.38	105.89	58.96	-35.97
Capital Expenditures, 1 Yr. Growth %	228.02	85.22	-42.4	266.16	-4.78
Dividend Per Share, 1 Yr. Growth %	5.41	15.9	79.65	8.37	-23.86
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	1.37	1.59	77.25	13.81	-41.14
Gross Profit, 2 Yr. CAGR %	3.91	5.17	65.87	13.7	-33.1
Earnings From Cont. Operations, 2 Yr. CAGR %	7.03	-16.76	78.91	14.96	-55.56
Net Income, 2 Yr. CAGR %	18.03	-17.66	69.05	29.3	-51.27
Normalized Net Income, 2 Yr. CAGR %	-7.78	-5.87	85.3	53.41	-34.85
Diluted EPS Before Extra, 2 Yr. CAGR %	17.12	-18.94	62.47	25.88	-52.11
Common Equity, 2 Yr. CAGR %	2.79	2.12	15.94	7.28	-14.95
Total Assets, 2 Yr. CAGR %	-2.7	-4.7	12.44	27.23	-1.11
Tangible Book Value, 2 Yr. CAGR %	3.27	4.38	23.63	12.26	-19.26
Cash From Operations, 2 Yr. CAGR %	9.86	550.56	42.49	80.91	0.89
Capital Expenditures, 2 Yr. CAGR %	57.35	146.49	3.29	45.23	86.72
Dividend Per Share, 2 Yr. CAGR %	-15.02	10.53	44.29	39.53	-9.16
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	12.65	-3.78	54.64	4.33	7.48
Gross Profit, 3 Yr. CAGR %	12.6	-0	48	6.67	9.47
Earnings From Cont. Operations, 3 Yr. CAGR %	19.79	-12.49	55.94	-8.22	2.62
Net Income, 3 Yr. CAGR %	25.42	-10.77	56.04	-5.18	9.99
Normalized Net Income, 3 Yr. CAGR %	27	-14.44	60.44	20.13	25.54
Diluted EPS Before Extra, 3 Yr. CAGR %	24.73	-12.41	52.42	-8.09	7.31
Common Equity, 3 Yr. CAGR %	2.75	0.09	13.89	2.98	0.82
Total Assets, 3 Yr. CAGR %	7.26	-8.61	12.51	9.28	15.32
Tangible Book Value, 3 Yr. CAGR %	1.92	-0.33	21.5	5.37	2.39
Cash From Operations, 3 Yr. CAGR %	180.88	5.98	343.34	47.78	27.97
Capital Expenditures, 3 Yr. CAGR %	40.3	66.14	51.83	57.5	26.17
Dividend Per Share, 3 Yr. CAGR %	8.66	-5.76	29.95	31.16	14.02
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-0.62	6.57	34.74	2.9	5.08