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, 2020
	Consolidated Operating Partnerships			Consolidated Blackstone Funds (a)			Reclasses and Eliminations			Consolidated
Assets
Cash and Cash Equivalents	$	1,999,484		$	—		$	—		$	1,999,484
Cash Held by Blackstone Funds and Other		—			64,972			—			64,972
Investments		14,425,035			1,455,008			(262,901	)		15,617,142
Accounts Receivable		746,059			120,099			—			866,158
Due from Affiliates		3,224,522			10,001			(13,008	)		3,221,515
Intangible Assets, Net		347,955			—			—			347,955
Goodwill		1,901,485			—			—			1,901,485
Other Assets		480,760			262			—			481,022
Right-of-Use Assets		526,943			—			—			526,943
Deferred Tax Assets		1,242,576			—			—			1,242,576

Total Assets	$	24,894,819		$	1,650,342		$	(275,909	)	$	26,269,252

Liabilities and Equity
Loans Payable	$	5,644,554		$	99		$	—		$	5,644,653
Due to Affiliates		1,070,955			77,095			(13,009	)		1,135,041
Accrued Compensation and Benefits		3,433,260			—			—			3,433,260
Securities Sold, Not Yet Purchased		9,324			41,709			—			51,033
Repurchase Agreements		—			76,808			—			76,808
Operating Lease Liabilities		620,844			—			—			620,844
Accounts Payable, Accrued Expenses and Other Liabilities		679,883			37,221			—			717,104

Total Liabilities		11,458,820			232,932			(13,009	)		11,678,743

Redeemable Non-Controlling Interests in Consolidated Entities		21,999			43,162			—			65,161

Equity
Class A Common Stock		7			—			—			7
Class B Common Stock		—			—			—			—
Class C Common Stock		—			—			—			—
Additional Paid-in-Capital		6,332,105			269,235			(269,235	)		6,332,105
Retained Earnings (Deficit)		335,762			(6,335	)		6,335			335,762
Accumulated Other Comprehensive Loss		(15,831	)		—			—			(15,831	)
Non-Controlling Interests in Consolidated Entities		2,930,809			1,111,348			—			4,042,157
Non-Controlling Interests in Blackstone Holdings		3,831,148			—			—			3,831,148

Total Equity		13,414,000			1,374,248			(262,900	)		14,525,348

Total Liabilities and Equity	$	24,894,819		$	1,650,342		$	(275,909	)	$	26,269,252

The Blackstone Group Inc.

Unaudited Consolidating Statements of Financial Condition—Continued

(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 (Deficit)		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

(a)	The Consolidated Blackstone Funds consisted of the following:

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 Holdings L.P.

Blackstone Strategic Alliance Fund 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, 2019 only.

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