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)


	March 31, 2024
	Consolidated			Consolidated
	Operating			Blackstone		Reclasses and
	Partnerships			Funds (a)		Eliminations			Consolidated

Assets
Cash and Cash Equivalents	$	2,504,471		$	—	$	—		$	2,504,471
Cash Held by Blackstone Funds and Other		—			167,711		—			167,711
Investments		23,188,344			3,458,911		(724,965	)		25,922,290
Accounts Receivable		194,374			4,928		—			199,302
Due from Affiliates		4,727,182			15,219		(47,177	)		4,695,224
Intangible Assets, Net		192,227			—		—			192,227
Goodwill		1,890,202			—		—			1,890,202
Other Assets		1,072,303			324		—			1,072,627
Right-of-Use Assets		805,454			—		—			805,454
Deferred Tax Assets		2,256,794			—		—			2,256,794

Total Assets	$	36,831,351		$	3,647,093	$	(772,142	)	$	39,706,302


Liabilities and Equity
Loans Payable	$	10,570,336		$	169,835	$	—		$	10,740,171
Due to Affiliates		2,027,046			157,799		(49,367	)		2,135,478
Accrued Compensation and Benefits		5,378,212			—		—			5,378,212
Operating Lease Liabilities		951,648			—		—			951,648
Accounts Payable, Accrued Expenses and Other Liabilities		1,954,381			68,978		—			2,023,359

Total Liabilities		20,881,623			396,612		(49,367	)		21,228,868


Redeemable Non-Controlling Interests in Consolidated Entities		9			934,996		—			935,005


Equity
Common Stock		7			—		—			7
Series I Preferred Stock		—			—		—			—
Series II Preferred Stock		—			—		—			—
Additional Paid-in-Capital		6,190,142			714,885		(714,885	)		6,190,142
Retained Earnings		796,201			7,890		(7,890	)		796,201
Accumulated Other Comprehensive Income (Loss)		(36,884	)		5,602		—			(31,282	)
Non-Controlling Interests in Consolidated Entities		3,794,570			1,587,108		—			5,381,678
Non-Controlling Interests in Blackstone Holdings		5,205,683			—		—			5,205,683

Total Equity		15,949,719			2,315,485		(722,775	)		17,542,429

Total Liabilities and Equity	$	36,831,351		$	3,647,093	$	(772,142	)	$	39,706,302

Blackstone Inc.

Unaudited Consolidating Statements of Financial Condition - Continued

(Dollars in Thousands)


	December 31, 2023
	Consolidated			Consolidated
	Operating			Blackstone		Reclasses and
	Partnerships			Funds (a)		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

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

Blackstone Annex Onshore Fund L.P.

Blackstone Horizon 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*

Clover Credit Partners CLO III, Ltd.

Bayswater Park CLO, LTD.*

Peebles Park CLO, LTD.*

Private equity side-by-side investment vehicles

Real estate side-by-side investment vehicles

Multi-Asset Investing side-by-side investment vehicles.

*Consolidated as of December 31, 2023 only

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