Item 8A. Unaudited Supplemental Presentation of Statements of Financial Condition

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Blackstone Inc.

Unaudited Consolidating Statements of Financial Condition

(Dollars in Thousands)


	December 31, 2023
	Consolidated Operating Partnerships			Consolidated Blackstone Funds (a)		Reclasses and Eliminations			Consolidated
Assets
Cash and Cash Equivalents	$	2,955,866		$	—	$	—		$	2,955,866
Cash Held by Blackstone Funds and Other		—			316,197		—			316,197
Investments		22,595,236			4,319,483		(768,097	)		26,146,622
Accounts Receivable		186,370			6,995		—			193,365
Due from Affiliates		4,498,250			13,901		(45,630	)		4,466,521
Intangible Assets, Net		201,208			—		—			201,208
Goodwill		1,890,202			—		—			1,890,202
Other Assets		944,078			770		—			944,848
Right-of-Use Assets		841,307			—		—			841,307
Deferred Tax Assets		2,331,394			—		—			2,331,394

Total Assets	$	36,443,911		$	4,657,346	$	(813,727	)	$	40,287,530

Liabilities and Equity
Loans Payable	$	10,616,937		$	687,122	$	—		$	11,304,059
Due to Affiliates		2,273,008			220,758		(100,356	)		2,393,410
Accrued Compensation and Benefits		5,247,766			—		—			5,247,766
Operating Lease Liabilities		989,823			—		—			989,823
Accounts Payable, Accrued Expenses and Other Liabilities		1,886,086			391,172		—			2,277,258

Total Liabilities		21,013,620			1,299,052		(100,356	)		22,212,316

Redeemable Non-Controlling Interests in Consolidated Entities		9			1,179,064		—			1,179,073

Equity
Common Stock		7			—		—			7
Series I Preferred Stock		—			—		—			—
Series II Preferred Stock		—			—		—			—
Additional Paid-in-Capital		6,175,190			701,792		(701,792	)		6,175,190
Retained Earnings		660,734			11,579		(11,579	)		660,734
Accumulated Other Comprehensive Income (Loss)		(36,175	)		17,042		—			(19,133	)
Non-Controlling Interests in Consolidated Entities		3,728,438			1,448,817		—			5,177,255
Non-Controlling Interests in Blackstone Holdings		4,902,088			—		—			4,902,088

Total Equity		15,430,282			2,179,230		(713,371	)		16,896,141

Total Liabilities and Equity	$	36,443,911		$	4,657,346	$	(813,727	)	$	40,287,530

Blackstone Inc.

Unaudited Consolidating Statements of Financial Condition—Continued

(Dollars in Thousands)


	December 31, 2022
	Consolidated Operating Partnerships			Consolidated Blackstone Funds (a)		Reclasses and Eliminations			Consolidated
Assets
Cash and Cash Equivalents	$	4,252,003		$	—	$	—		$	4,252,003
Cash Held by Blackstone Funds and Other		—			241,712		—			241,712
Investments		23,236,603			5,136,542		(819,894	)		27,553,251
Accounts Receivable		407,681			55,223		—			462,904
Due from Affiliates		4,185,982			8,417		(47,692	)		4,146,707
Intangible Assets, Net		217,287			—		—			217,287
Goodwill		1,890,202			—		—			1,890,202
Other Assets		798,299			2,159		—			800,458
Right-of-Use Assets		896,981			—		—			896,981
Deferred Tax Assets		2,062,722			—		—			2,062,722

Total Assets	$	37,947,760		$	5,444,053	$	(867,586	)	$	42,524,227

Liabilities and Equity
Loans Payable	$	10,899,584		$	1,450,000	$	—		$	12,349,584
Due to Affiliates		2,039,549			128,681		(49,749	)		2,118,481
Accrued Compensation and Benefits		6,101,801			—		—			6,101,801
Operating Lease Liabilities		1,021,454			—		—			1,021,454
Accounts Payable, Accrued Expenses and Other Liabilities		1,225,982			25,858		—			1,251,840

Total Liabilities		21,288,370			1,604,539		(49,749	)		22,843,160

Redeemable Non-Controlling Interests in Consolidated Entities		3			1,715,003		—			1,715,006

Equity
Common Stock		7			—		—			7
Series I Preferred Stock		—			—		—			—
Series II Preferred Stock		—			—		—			—
Additional Paid-in-Capital		5,935,273			800,381		(800,381	)		5,935,273
Retained Earnings		1,748,106			17,456		(17,456	)		1,748,106
Accumulated Other Comprehensive Income (Loss)		(35,346	)		7,871		—			(27,475	)
Non-Controlling Interests in Consolidated Entities		3,757,677			1,298,803		—			5,056,480
Non-Controlling Interests in Blackstone Holdings		5,253,670			—		—			5,253,670

Total Equity		16,659,387			2,124,511		(817,837	)		17,966,061

Total Liabilities and Equity	$	37,947,760		$	5,444,053	$	(867,586	)	$	42,524,227

(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 Annex Onshore Fund L.P.

Blackstone Horizon Fund L.P.

Blackstone Real Estate Special Situations Holdings L.P.**

Blackstone Strategic Alliance Fund L.P.**

BTD CP Holdings LP

Blackstone Dislocation Fund L.P.

BEPIF (Aggregator) SCSp

BX Shipston SCSp

Blackstone Private Equity Strategies Fund L.P.

Blackstone Private Equity Strategies Fund SICAV

Blackstone Private Equity Strategies Fund (Master) FCP*

Blackstone Infrastructure Hogan Co-Invest (CYM) L.P.**

Clover Credit Partners CLO III, Ltd.*

Bayswater Park CLO, Ltd.*

Peebles Park CLO, Ltd.*

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, 2023 only

**	Consolidated as of December 31, 2022 only

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