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 Inc.
Unaudited Consolidating Statements of Financial Condition
(Dollars in Thousands)
| December 31, 2019 | |||||||||||||||||
| Consolidated Operating Partnerships | Consolidated Blackstone Funds (a) | Reclasses and Eliminations | Consolidated | ||||||||||||||
| Assets | |||||||||||||||||
| Cash and Cash Equivalents | $ | 2,172,441 | $ | — | $ | — | $ | 2,172,441 | |||||||||
| Cash Held by Blackstone Funds and Other | — | 351,210 | — | 351,210 | |||||||||||||
| Investments | 14,535,685 | 8,380,698 | (634,701 | ) | 22,281,682 | ||||||||||||
| Accounts Receivable | 754,703 | 220,372 | — | 975,075 | |||||||||||||
| Due from Affiliates | 2,606,563 | 8,818 | (20,508 | ) | 2,594,873 | ||||||||||||
| Intangible Assets, Net | 397,508 | — | — | 397,508 | |||||||||||||
| Goodwill | 1,869,860 | — | — | 1,869,860 | |||||||||||||
| Other Assets | 381,289 | 1,204 | — | 382,493 | |||||||||||||
| Right-of-Use Assets | 471,059 | — | — | 471,059 | |||||||||||||
| Deferred Tax Assets | 1,089,305 | — | — | 1,089,305 | |||||||||||||
| Total Assets | $ | 24,278,413 | $ | 8,962,302 | $ | (655,209 | ) | $ | 32,585,506 | ||||||||
| Liabilities and Equity | |||||||||||||||||
| Loans Payable | $ | 4,600,856 | $ | 6,479,867 | $ | — | $ | 11,080,723 | |||||||||
| Due to Affiliates | 885,655 | 509,681 | (368,465 | ) | 1,026,871 | ||||||||||||
| Accrued Compensation and Benefits | 3,796,044 | — | — | 3,796,044 | |||||||||||||
| Securities Sold, Not Yet Purchased | 20,256 | 55,289 | — | 75,545 | |||||||||||||
| Repurchase Agreements | — | 154,118 | — | 154,118 | |||||||||||||
| Operating Lease Liabilities | 542,994 | — | — | 542,994 | |||||||||||||
| Accounts Payable, Accrued Expenses and Other Liabilities | 504,804 | 301,355 | — | 806,159 | |||||||||||||
| Total Liabilities | 10,350,609 | 7,500,310 | (368,465 | ) | 17,482,454 | ||||||||||||
| Redeemable Non-Controlling Interests in Consolidated Entities | 22,002 | 65,649 | — | 87,651 | |||||||||||||
| Equity | |||||||||||||||||
| Class A Common Stock | 7 | — | — | 7 | |||||||||||||
| Class B Common Stock | — | — | — | — | |||||||||||||
| Class C Common Stock | — | — | — | — | |||||||||||||
| Additional Paid-in-Capital | 6,428,647 | 283,339 | (283,339 | ) | 6,428,647 | ||||||||||||
| Retained Earnings | 609,625 | 3,405 | (3,405 | ) | 609,625 | ||||||||||||
| Accumulated Other Comprehensive Loss | (28,495 | ) | — | — | (28,495 | ) | |||||||||||
| Non-Controlling Interests in Consolidated Entities | 3,076,470 | 1,109,599 | — | 4,186,069 | |||||||||||||
| Non-Controlling Interests in Blackstone Holdings | 3,819,548 | — | — | 3,819,548 | |||||||||||||
| Total Equity | 13,905,802 | 1,396,343 | (286,744 | ) | 15,015,401 | ||||||||||||
| Total Liabilities and Equity | $ | 24,278,413 | $ | 8,962,302 | $ | (655,209 | ) | $ | 32,585,506 | ||||||||
The Blackstone Group Inc.
Unaudited Consolidating Statements of Financial Condition—Continued
(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 Loss | (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 | ||||||||
| (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 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.*
BTD CP Holdings LP
Collateralized loan obligation vehicles
Mezzanine
side-by-side
investment vehicles
Private equity
side-by-side
investment vehicles
Real estate
side-by-side
investment vehicles
Hedge Fund Solutions
side-by-side
investment vehicles
| * | Consolidated as of December 31, 2018 only. |
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Previous: Item 8. Financial Statements and Supplementary Data · Next: Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure