v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Operating Activities    
Net Income $ 1,399,096 $ 708,411
Blackstone Funds Related    
Unrealized Appreciation on Investments Allocable to Non-Controlling Interests in Consolidated Entities (452,478) (546,221)
Net Realized Gains on Investments (1,017,481) (215,711)
Changes in Unrealized Gains on Investments Allocable to The Blackstone Group L.P. (253,445) (107,763)
Unrealized Depreciation on Hedge Activities   22,599
Non-Cash Performance Fees (588,894) (704,852)
Non-Cash Performance Fee Compensation 695,120 349,802
Equity-Based Compensation Expense 572,134 690,617
Amortization of Intangibles 69,275 115,432
Other Non-Cash Amounts Included in Net Income 148,748 91,612
Cash Flows Due to Changes in Operating Assets and Liabilities    
Cash Held by Blackstone Funds and Other 292,510 212,350
Cash Relinquished in Deconsolidation and Liquidation of Partnership (136,524) (46,330)
Accounts Receivable (95,491) 2,286
Reverse Repurchase Agreements 152,041 33,904
Due from Affiliates 182,372 (86,496)
Other Assets (4,624) 62,117
Accrued Compensation and Benefits (165,771) 167,451
Securities Sold, Not Yet Purchased (119,741) (33,413)
Accounts Payable, Accrued Expenses and Other Liabilities (231,459) (465,817)
Repurchase Agreements (73,761) (32,397)
Due to Affiliates (46,836) (13,665)
Treasury Cash Management Strategies    
Investments Purchased (3,263,154) (2,306,256)
Cash Proceeds from Sale of Investments 3,630,030 1,767,080
Blackstone Funds Related    
Investments Purchased (6,815,776) (4,894,341)
Cash Proceeds from Sale or Pay Down of Investments 8,856,814 5,585,951
Net Cash Provided by Operating Activities 2,732,705 356,350
Investing Activities    
Purchase of Furniture, Equipment and Leasehold Improvements (18,574) (26,973)
Net Cash Paid for Acquisitions, Net of Cash Acquired (146,117) (156,972)
Changes in Restricted Cash 5,765 2,341
Net Cash Used in Investing Activities (158,926) (181,604)
Financing Activities    
Distributions to Non-Controlling Interest Holders in Consolidated Entities (521,894) (167,473)
Contributions from Non-Controlling Interest Holders in Consolidated Entities 880,530 586,073
Purchase of Interests from Certain Non-Controlling Interest Holders (33) (48)
Net Settlement of Vested Common Units and Repurchase of Common and Holdings Units (20,532) (20,762)
Proceeds from Loans Payable 4,087 632,710
Repayment and Repurchase of Loans Payable (4,576) (27,347)
Distributions to Unitholders (1,192,792) (502,399)
Blackstone Funds Related    
Proceeds from Loans Payable 8,654 16,284
Repayment of Loans Payable (1,547,497) (613,000)
Net Cash Used in Financing Activities (2,394,053) (95,962)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (290) (13)
Net Increase in Cash and Cash Equivalents 179,436 78,771
Cash and Cash Equivalents, Beginning of Period 709,502 754,744
Cash and Cash Equivalents, End of Period 888,938 833,515
Supplemental Disclosure of Cash Flows Information    
Payments for Interest 109,911 78,750
Payments for Income Taxes 60,415 23,105
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Non-Cash Contributions from Non-Controlling Interest Holders   6,803
Non-Cash Distributions to Non-Controlling Interest Holders   (6,803)
Net Activities Related to Capital Transactions of Consolidated Blackstone Funds (1,145) (5,370)
Net Assets Related to the Consolidation of CLO Vehicles   233,541
In-kind Redemption of Capital   (2,017)
In-kind Contribution of Capital 2,323 2,017
Notes Issuance Costs   4,788
Transfer of Interests to Non-Controlling Interest Holders (1,010) (4,444)
Change in The Blackstone Group L.P.'s Ownership Interest (1,798) (1,475)
Net Settlement of Vested Common Units 60,732 100,041
Conversion of Blackstone Holdings Units to Common Units 34,242 112,726
Acquisition of Ownership Interests from Non-Controlling Interest Holders    
Deferred Tax Asset (113,040) (89,464)
Due to Affiliates 24,908 73,051
Partners' Capital $ 88,132 $ 16,413