filings.toolsItem 8A. UNAUDITED SUPPLEMENTAL PRESENTATION OF STATEMENTS OF FINANCIAL CONDITION
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Item 8A. UNAUDITED SUPPLEMENTAL PRESENTATION OF STATEMENTS OF FINANCIAL CONDITION
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THE BLACKSTONE GROUP L.P.
Unaudited Consolidating Statements of Financial Condition
(Dollars in Thousands)
| December 31, 2017 | ||||||||||||||||
| Consolidated Operating Partnerships | Consolidated Blackstone Funds (a) | Reclasses and Eliminations | Consolidated | |||||||||||||
| Assets | ||||||||||||||||
| Cash and Cash Equivalents | $ | 1,992,497 | $ | — | $ | — | $ | 1,992,497 | ||||||||
| Cash Held by Blackstone Funds and Other | 345,668 | 1,583,863 | — | 1,929,531 | ||||||||||||
| Investments | 12,087,525 | 13,093,670 | (747,146 | ) | 24,434,049 | |||||||||||
| Accounts Receivable | 416,215 | 470,947 | — | 887,162 | ||||||||||||
| Due from Affiliates | 2,010,713 | 47,325 | (29,054 | ) | 2,028,984 | |||||||||||
| Intangible Assets, Net | 409,828 | — | — | 409,828 | ||||||||||||
| Goodwill | 1,778,192 | — | — | 1,778,192 | ||||||||||||
| Other Assets | 234,603 | 8,094 | — | 242,697 | ||||||||||||
| Deferred Tax Assets | 725,970 | — | — | 725,970 | ||||||||||||
| Total Assets | $ | 20,001,211 | $ | 15,203,899 | $ | (776,200 | ) | $ | 34,428,910 | |||||||
| Liabilities and Partners’ Capital | ||||||||||||||||
| Loans Payable | $ | 3,514,815 | $ | 11,300,621 | $ | — | $ | 14,815,436 | ||||||||
| Due to Affiliates | 852,123 | 339,138 | (254,103 | ) | 937,158 | |||||||||||
| Accrued Compensation and Benefits | 2,630,019 | — | — | 2,630,019 | ||||||||||||
| Securities Sold, Not Yet Purchased | 64,473 | 89,907 | — | 154,380 | ||||||||||||
| Repurchase Agreements | — | 118,840 | — | 118,840 | ||||||||||||
| Accounts Payable, Accrued Expenses and Other Liabilities | 477,615 | 1,565,907 | — | 2,043,522 | ||||||||||||
| Total Liabilities | 7,539,045 | 13,414,413 | (254,103 | ) | 20,699,355 | |||||||||||
| Redeemable Non-Controlling Interests in Consolidated Entities | 22,000 | 188,944 | — | 210,944 | ||||||||||||
| Partners’ Capital | ||||||||||||||||
| Partners’ Capital | 6,671,181 | 378,030 | (378,846 | ) | 6,670,365 | |||||||||||
| Accumulated Other Comprehensive Income | (34,836 | ) | — | 818 | (34,018 | ) | ||||||||||
| Non-Controlling Interests in Consolidated Entities | 2,174,705 | 1,222,512 | (144,069 | ) | 3,253,148 | |||||||||||
| Non-Controlling Interests in Blackstone Holdings | 3,629,116 | — | — | 3,629,116 | ||||||||||||
| Total Partners’ Capital | 12,440,166 | 1,600,542 | (522,097 | ) | 13,518,611 | |||||||||||
| Total Liabilities and Partners’ Capital | $ | 20,001,211 | $ | 15,203,899 | $ | (776,200 | ) | $ | 34,428,910 | |||||||
Table of Contents
THE BLACKSTONE GROUP L.P.
Unaudited Consolidating Statements of Financial Condition
(Dollars in Thousands)
| December 31, 2016 | ||||||||||||||||
| Consolidated Operating Partnerships | Consolidated Blackstone Funds (a) | Reclasses and Eliminations | Consolidated | |||||||||||||
| Assets | ||||||||||||||||
| Cash and Cash Equivalents | $ | 1,837,253 | $ | — | $ | — | $ | 1,837,253 | ||||||||
| Cash Held by Blackstone Funds and Other | 261,909 | 743,252 | — | 1,005,161 | ||||||||||||
| Investments | 11,618,729 | 6,474,168 | (397,922 | ) | 17,694,975 | |||||||||||
| Accounts Receivable | 404,843 | 367,852 | — | 772,695 | ||||||||||||
| Reverse Repurchase Agreements | 118,495 | — | — | 118,495 | ||||||||||||
| Due from Affiliates | 1,433,612 | 27,473 | (18,707 | ) | 1,442,378 | |||||||||||
| Intangible Assets, Net | 262,604 | — | — | 262,604 | ||||||||||||
| Goodwill | 1,718,519 | — | — | 1,718,519 | ||||||||||||
| Other Assets | 259,695 | 5,093 | — | 264,788 | ||||||||||||
| Deferred Tax Assets | 1,286,469 | — | — | 1,286,469 | ||||||||||||
| Total Assets | $ | 19,202,128 | $ | 7,617,838 | $ | (416,629 | ) | $ | 26,403,337 | |||||||
| Liabilities and Partners’ Capital | ||||||||||||||||
| Loans Payable | $ | 3,399,922 | $ | 5,466,444 | $ | — | $ | 8,866,366 | ||||||||
| Due to Affiliates | 1,253,791 | 86,688 | (18,707 | ) | 1,321,772 | |||||||||||
| Accrued Compensation and Benefits | 2,327,762 | — | — | 2,327,762 | ||||||||||||
| Securities Sold, Not Yet Purchased | 127,710 | 87,688 | — | 215,398 | ||||||||||||
| Repurchase Agreements | 7,034 | 68,290 | — | 75,324 | ||||||||||||
| Accounts Payable, Accrued Expenses and Other Liabilities | 533,101 | 548,681 | — | 1,081,782 | ||||||||||||
| Total Liabilities | 7,649,320 | 6,257,791 | (18,707 | ) | 13,888,404 | |||||||||||
| Redeemable Non-Controlling Interests in Consolidated Entities | — | 185,390 | — | 185,390 | ||||||||||||
| Partners’ Capital | ||||||||||||||||
| Partners’ Capital | 6,524,607 | 398,001 | (398,679 | ) | 6,523,929 | |||||||||||
| Accumulated Other Comprehensive Income | (63,644 | ) | — | 757 | (62,887 | ) | ||||||||||
| Non-Controlling Interests in Consolidated Entities | 1,652,308 | 776,656 | — | 2,428,964 | ||||||||||||
| Non-Controlling Interests in Blackstone Holdings | 3,439,537 | — | — | 3,439,537 | ||||||||||||
| Total Partners’ Capital | 11,552,808 | 1,174,657 | (397,922 | ) | 12,329,543 | |||||||||||
| Total Liabilities and Partners’ Capital | $ | 19,202,128 | $ | 7,617,838 | $ | (416,629 | ) | $ | 26,403,337 | |||||||
| (a) | The Consolidated Blackstone Funds consisted of the following: |
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Blackstone Real Estate Partners VI.C — ESH L.P.
Blackstone Real Estate Special Situations Fund L.P.
Blackstone Real Estate Special Situations Offshore Fund Ltd.
Blackstone Strategic Alliance Fund L.P.
Blackstone / GSO Global Dynamic Credit Feeder Fund (Cayman) LP
Blackstone / GSO Global Dynamic Credit Funding Designated Activity Company
Blackstone / GSO Global Dynamic Credit Master Fund
Blackstone / GSO Global Dynamic Credit USD Feeder Fund (Ireland)
Blackstone / GSO Loan Financing Limited
Table of Contents
BSSF I AIV L.P.
BTD CP Holdings LP
GSO Legacy Associates 2 LLC
GSO Legacy Associates LLC
Private equity side-by-side investment vehicles
Real estate side-by-side investment vehicles
Mezzanine side-by-side investment vehicles
Collateralized loan obligation vehicles
Previous: Item 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA · Next: Item 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE