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

Assets
Cash and Cash Equivalents	$	2,353,332		$	—	$	—		$	2,353,332
Cash Held by Blackstone Funds and Other		—			180,545		—			180,545
Investments		25,291,635			3,873,027		(841,947	)		28,322,715
Accounts Receivable		260,178			39,826		—			300,004
Due from Affiliates		5,206,853			11,216		(54,186	)		5,163,883
Intangible Assets, Net		174,265			—		—			174,265
Goodwill		1,890,202			—		—			1,890,202
Other Assets		930,456			3,534		—			933,990
Right-of-Use Assets		978,699			—		—			978,699
Deferred Tax Assets		2,277,807			—		—			2,277,807

Total Assets	$	39,363,427		$	4,108,148	$	(896,133	)	$	42,575,442


Liabilities and Equity
Loans Payable	$	10,644,531		$	107,715	$	—		$	10,752,246
Due to Affiliates		2,457,515			219,391		(56,376	)		2,620,530
Accrued Compensation and Benefits		6,398,365			—		—			6,398,365
Operating Lease Liabilities		1,136,671			—		—			1,136,671
Accounts Payable, Accrued Expenses and Other Liabilities		2,128,986			73,703		—			2,202,689

Total Liabilities		22,766,068			400,809		(56,376	)		23,110,501


Redeemable Non-Controlling Interests in Consolidated Entities		3			892,843		—			892,846


Equity
Common Stock		7			—		—			7
Series I Preferred Stock		—			—		—			—
Series II Preferred Stock		—			—		—			—
Additional Paid-in-Capital		6,257,788			832,392		(832,392	)		6,257,788
Retained Earnings		760,471			7,365		(7,365	)		760,471
Accumulated Other Comprehensive Income (Loss)		(36,869	)		26,260		—			(10,609	)
Non-Controlling Interests in Consolidated Entities		4,067,488			1,948,479		—			6,015,967
Non-Controlling Interests in Blackstone Holdings		5,548,471			—		—			5,548,471

Total Equity		16,597,356			2,814,496		(839,757	)		18,572,095

Total Liabilities and Equity	$	39,363,427		$	4,108,148	$	(896,133	)	$	42,575,442

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 Infrastructure Partners Europe F (CYM) L.P.*

Blackstone Infrastructure Partners Europe Lower Fund 1 (LUX) 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

Consolidated as of September 30, 2024 only

** Consolidated as of December 31, 2023 only

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