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, 2018 | ||||||||||||||||
| Consolidated Operating Partnerships | Consolidated Blackstone Funds (a) | Reclasses and Eliminations | Consolidated | |||||||||||||
| Assets | ||||||||||||||||
| Cash and Cash Equivalents | $ | 2,207,841 | $ | — | $ | — | $ | 2,207,841 | ||||||||
| Cash Held by Blackstone Funds and Other | — | 337,320 | — | 337,320 | ||||||||||||
| Investments | 12,596,138 | 8,376,338 | (595,445 | ) | 20,377,031 | |||||||||||
| Accounts Receivable | 455,308 | 180,930 | — | 636,238 | ||||||||||||
| Due from Affiliates | 2,011,324 | 7,405 | (24,606 | ) | 1,994,123 | |||||||||||
| Intangible Assets, Net | 468,507 | — | — | 468,507 | ||||||||||||
| Goodwill | 1,869,860 | — | — | 1,869,860 | ||||||||||||
| Other Assets | 290,366 | 3,882 | — | 294,248 | ||||||||||||
| Deferred Tax Assets | 739,482 | — | — | 739,482 | ||||||||||||
| Total Assets | $ | 20,638,826 | $ | 8,905,875 | $ | (620,051 | ) | $ | 28,924,650 | |||||||
| Liabilities and Partners’ Capital | ||||||||||||||||
| Loans Payable | $ | 3,471,151 | $ | 6,480,711 | $ | — | $ | 9,951,862 | ||||||||
| Due to Affiliates | 907,748 | 470,780 | (342,752 | ) | 1,035,776 | |||||||||||
| Accrued Compensation and Benefits | 2,942,128 | — | — | 2,942,128 | ||||||||||||
| Securities Sold, Not Yet Purchased | 50,014 | 92,603 | — | 142,617 | ||||||||||||
| Repurchase Agreements | — | 222,202 | — | 222,202 | ||||||||||||
| Accounts Payable, Accrued Expenses and Other Liabilities | 622,490 | 253,489 | — | 875,979 | ||||||||||||
| Total Liabilities | 7,993,531 | 7,519,785 | (342,752 | ) | 15,170,564 | |||||||||||
| Redeemable Non-Controlling Interests in Consolidated Entities | 22,000 | 119,779 | — | 141,779 | ||||||||||||
| Partners’ Capital | ||||||||||||||||
| Partners’ Capital | 6,415,700 | 277,299 | (277,299 | ) | 6,415,700 | |||||||||||
| Accumulated Other Comprehensive Income | (36,476 | ) | — | — | (36,476 | ) | ||||||||||
| Non-Controlling Interests in Consolidated Entities | 2,659,754 | 989,012 | — | 3,648,766 | ||||||||||||
| Non-Controlling Interests in Blackstone Holdings | 3,584,317 | — | — | 3,584,317 | ||||||||||||
| Total Partners’ Capital | 12,623,295 | 1,266,311 | (277,299 | ) | 13,612,307 | |||||||||||
| Total Liabilities and Partners’ Capital | $ | 20,638,826 | $ | 8,905,875 | $ | (620,051 | ) | $ | 28,924,650 | |||||||
Table of Contents
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 | 404,071 | 470,947 | — | 875,018 | ||||||||||||
| Due from Affiliates | 2,009,866 | 47,325 | (29,054 | ) | 2,028,137 | |||||||||||
| 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 | $ | 19,988,220 | $ | 15,203,899 | $ | (776,200 | ) | $ | 34,415,919 | |||||||
| 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 | 2,623,492 | — | — | 2,623,492 | ||||||||||||
| 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 | 7,532,518 | 13,414,413 | (254,103 | ) | 20,692,828 | |||||||||||
| Redeemable Non-Controlling Interests in Consolidated Entities | 22,000 | 188,944 | — | 210,944 | ||||||||||||
| Partners’ Capital | ||||||||||||||||
| Partners’ Capital | 6,669,327 | 378,030 | (378,846 | ) | 6,668,511 | |||||||||||
| Accumulated Other Comprehensive Income (Loss) | (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 | 3,624,506 | — | — | 3,624,506 | ||||||||||||
| Total Partners’ Capital | 12,433,702 | 1,600,542 | (522,097 | ) | 13,512,147 | |||||||||||
| Total Liabilities and Partners’ Capital | $ | 19,988,220 | $ | 15,203,899 | $ | (776,200 | ) | $ | 34,415,919 | |||||||
| (a) | The Consolidated Blackstone Funds consisted of the following: |
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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*
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.
BSSF I AIV L.P.
Table of Contents
BTD CP Holdings LP
Collateralized loan obligation vehicles
GSO Legacy Associates 2 LLC*
GSO Legacy Associates LLC*
Mezzanine side-by-side investment vehicles
Private equity side-by-side investment vehicles
Real estate side-by-side investment vehicles
| * | Consolidated as of December 31, 2017 only. |
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