XML 30 R8.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating Activities      
Net Income $ 2,988,909 $ 12,374,995 $ 2,261,506
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities      
Net Realized Gains on Investments (6,474,051) (6,949,544) (2,468,801)
Changes in Unrealized (Gains) Losses on Investments 1,828,364 (1,748,824) 54,244
Non-Cash Performance Allocations 3,435,055 (8,675,246) 384,393
Non-Cash Performance Allocations and Incentive Fee Compensation 931,288 6,159,529 715,587
Equity-Based Compensation Expense 846,349 637,441 438,341
Amortization of Intangibles 67,097 74,871 71,053
Other Non-Cash Amounts Included in Net Income (1,341,059) (77,849) 58,854
Cash Flows Due to Changes in Operating Assets and Liabilities      
Cash Acquired with Consolidation of Fund Entity 31,791 0 0
Cash Relinquished with Deconsolidation of Fund Entities 0 0 (257,544)
Accounts Receivable 177,832 288,306 70,053
Due from Affiliates 654,290 (1,124,667) (402,488)
Other Assets (26,853) (4,792) (22,704)
Accrued Compensation and Benefits (2,197,446) (1,692,562) (1,077,195)
Securities Sold, Not Yet Purchased (22,964) (22,418) (26,840)
Accounts Payable, Accrued Expenses and Other Liabilities 149,019 152,209 119,906
Repurchase Agreements 31,964 (18,828) (77,310)
Due to Affiliates 117,219 81,922 32,415
Investments Purchased (5,228,723) (7,439,964) (7,179,951)
Cash Proceeds from Sale of Investments 10,368,172 11,971,409 9,242,426
Net Cash Provided by Operating Activities 6,336,253 3,985,988 1,935,945
Investing Activities      
Purchase of Furniture, Equipment and Leasehold Improvements (235,497) (64,316) (111,650)
Net Cash Paid for Acquisitions, Net of Cash Acquired 0 0 (55,170)
Net Cash Used in Investing Activities (235,497) (64,316) (166,820)
Financing Activities      
Distributions to Non-Controlling Interest Holders in Consolidated Entities (1,271,907) (1,347,631) (747,491)
Contributions from Non-Controlling Interest Holders in Consolidated Entities 1,268,297 1,275,211 581,077
Payments Under Tax Receivable Agreement (46,880) (51,366) (73,881)
Net Settlement of Vested Common Stock and Repurchase of Common Stock and Blackstone Holdings Partnership Units (465,956) (1,272,774) (504,912)
Proceeds from Loans Payable 3,521,544 2,222,544 888,636
Repayment and Repurchase of Loans Payable (280,768) 0 (1,889)
Dividends/Distributions to Stockholders and Unitholders (6,518,785) (4,602,574) (2,385,576)
Net Cash Used in Financing Activities (3,794,455) (3,776,590) (2,244,036)
Effect of Exchange Rate Changes on Cash and Cash Equivalents and Cash Held by Blackstone Funds and Other (12,318) (9,806) 15,716
Cash and Cash Equivalents and Cash Held by Blackstone Funds and Other      
Net Increase (Decrease) 2,293,983 135,276 (459,195)
Beginning of Period 2,199,732 2,064,456 2,523,651
End of Period 4,493,715 2,199,732 2,064,456
Supplemental Disclosure of Cash Flows Information      
Payments for Interest 261,886 194,166 176,620
Payments for Income Taxes 683,171 700,690 209,182
Supplemental Disclosure of Non-Cash Investing and Financing Activities      
Non-Cash Contributions from Non-Controlling Interest Holders 34,286 11,647 19,202
Notes Issuance Costs 30,240 16,991 8,273
Transfer of Interests to Non-Controlling Interest Holders (11,463) (2,994) (6,013)
Change in Blackstone Inc.'s Ownership Interest 36,824 10,494 10,476
Net Settlement of Vested Common Stock 387,332 219,558 123,478
Conversion of Blackstone Holdings Units to Common Stock 58,249 296,597 123,710
Acquisition of Ownership Interests from Non-Controlling Interest Holders      
Deferred Tax Asset (120,167) (807,309) (242,282)
Due to Affiliates 113,477 748,521 218,955
Equity $ 6,690 $ 58,788 $ 23,327