Item 1A. Unaudited Supplemental Presentation of Statements of Financial Condition

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Item 1A. Unaudited Supplemental Presentation of Statements of Financial Condition

Blackstone Inc.

Unaudited Consolidating Statements of Financial Condition

(Dollars in Thousands)


	September 30, 2023
	Consolidated			Consolidated
	Operating			Blackstone			Reclasses and
	Partnerships			Funds (a)			Eliminations			Consolidated

Assets
Cash and Cash Equivalents	$	2,971,614		$	—		$	—		$	2,971,614
Cash Held by Blackstone Funds and Other		—			138,181			—			138,181
Investments		22,822,913			5,224,104			(707,160	)		27,339,857
Accounts Receivable		687,054			6,732			—			693,786
Due from Affiliates		4,432,466			9,354			(43,487	)		4,398,333
Intangible Assets, Net		210,210			—			—			210,210
Goodwill		1,890,202			—			—			1,890,202
Other Assets		971,711			358			—			972,069
Right-of-Use Assets		864,691			—			—			864,691
Deferred Tax Assets		2,184,880			—			—			2,184,880

Total Assets	$	37,035,741		$	5,378,729		$	(750,647	)	$	41,663,823


Liabilities and Equity
Loans Payable	$	10,521,728		$	1,589,649		$	—		$	12,111,377
Due to Affiliates		2,096,929			136,967			(45,672	)		2,188,224
Accrued Compensation and Benefits		5,983,137			—			—			5,983,137
Operating Lease Liabilities		981,616			—			—			981,616
Accounts Payable, Accrued Expenses and Other Liabilities		1,416,861			171,887			—			1,588,748

Total Liabilities		21,000,271			1,898,503			(45,672	)		22,853,102


Redeemable Non-Controlling Interests in Consolidated Entities		1			1,349,059			—			1,349,060


Equity
Common Stock		7			—			—			7
Series I Preferred Stock		—			—			—			—
Series II Preferred Stock		—			—			—			—
Additional Paid-in-Capital		6,057,065			684,836			(684,836	)		6,057,065
Retained Earnings		1,114,009			20,139			(20,139	)		1,114,009
Accumulated Other Comprehensive Loss		(34,278	)		(3,980	)		—			(38,258	)
Non-Controlling Interests in Consolidated Entities		3,744,301			1,430,172			—			5,174,473
Non-Controlling Interests in Blackstone Holdings		5,154,365			—			—			5,154,365

Total Equity		16,035,469			2,131,167			(704,975	)		17,461,661

Total Liabilities and Equity	$	37,035,741		$	5,378,729		$	(750,647	)	$	41,663,823

Blackstone Inc.

Unaudited Consolidating Statements of Financial Condition - Continued

(Dollars in Thousands)


	December 31, 2022
	Consolidated			Consolidated
	Operating			Blackstone		Reclasses and
	Partnerships			Funds (a)		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.*

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 September 30, 2023 only

** Consolidated as of December 31, 2022 only

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