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

9K characters. Original on sec.gov · Markdown

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

Blackstone Inc.

Unaudited Consolidating Statements of Financial Condition

(Dollars in Thousands)


	June 30, 2024
	Consolidated			Consolidated
	Operating			Blackstone		Reclasses and
	Partnerships			Funds (a)		Eliminations			Consolidated

Assets
Cash and Cash Equivalents	$	2,381,436		$	—	$	—		$	2,381,436
Cash Held by Blackstone Funds and Other		—			219,393		—			219,393
Investments		23,640,561			3,621,676		(835,948	)		26,426,289
Accounts Receivable		242,776			4,762		—			247,538
Due from Affiliates		4,908,200			10,629		(50,760	)		4,868,069
Intangible Assets, Net		183,246			—		—			183,246
Goodwill		1,890,202			—		—			1,890,202
Other Assets		1,078,640			4,760		—			1,083,400
Right-of-Use Assets		995,524			—		—			995,524
Deferred Tax Assets		2,289,932			—		—			2,289,932

Total Assets	$	37,610,517		$	3,861,220	$	(886,708	)	$	40,585,029


Liabilities and Equity
Loans Payable	$	10,557,872		$	130,321	$	—		$	10,688,193
Due to Affiliates		2,214,705			202,335		(52,941	)		2,364,099
Accrued Compensation and Benefits		5,703,156			—		—			5,703,156
Operating Lease Liabilities		1,142,317			—		—			1,142,317
Accounts Payable, Accrued Expenses and Other Liabilities		1,958,199			54,770		—			2,012,969

Total Liabilities		21,576,249			387,426		(52,941	)		21,910,734


Redeemable Non-Controlling Interests in Consolidated Entities		9			888,859		—			888,868


Equity
Common Stock		7			—		—			7
Series I Preferred Stock		—			—		—			—
Series II Preferred Stock		—			—		—			—
Additional Paid-in-Capital		6,260,619			824,526		(824,526	)		6,260,619
Retained Earnings		607,564			9,241		(9,241	)		607,564
Accumulated Other Comprehensive Income (Loss)		(36,151	)		1,534		—			(34,617	)
Non-Controlling Interests in Consolidated Entities		3,932,972			1,749,634		—			5,682,606
Non-Controlling Interests in Blackstone Holdings		5,269,248			—		—			5,269,248

Total Equity		16,034,259			2,584,935		(833,767	)		17,785,427

Total Liabilities and Equity	$	37,610,517		$	3,861,220	$	(886,708	)	$	40,585,029

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.

Blackstone European Property Income Fund (Master) FCP*

Blackstone European Property Income Fund SICAV*

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 June 30, 2024 only

**Consolidated as of December 31, 2023 only

Previous: Cover and table of contents · Next: Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations