Investor Presentaiton
RECONCILIATION OF GAAP TO NON-GAAP MEASURES
QTD
YTD
LTM
($ in thousands)
2Q'21
Net Income (Loss) Attributable to Blackstone Inc.
Net Income (Loss) Attributable to Non-Controlling
Interests in Blackstone Holdings
Net Income (Loss) Attributable to Non-Controlling
Interests in Consolidated Entities
Net Income (Loss) Attributable to Redeemable
Non-Controlling Interests in Consolidated Entities
1,116,193 1,315,641
3Q'21
4Q'21
1Q'22
2Q'22
2Q'21
$1,309,152 $1,401,895 $1,398,478 $1,216,874 $ (29,393) $3,057,024 $1,187,481
1,218,934 1,059,313 (35,521) 2,351,977 1,023,792
20'22
2Q'21
2Q'22
$ 4,600,613 $ 3,987,854
3,749,890
3,558,367
431,516
486,907
320,033
216,375
(216,707)
818,366
(332)
1,386,182
806,608
637
1,550
2,924
5,052
25,875
1,266
30,927
6,263
35,401
Net Income (Loss)
$2,857,498
Provision for Taxes
288,250
$3,205,993
458,904
$2,940,369
437,694
Income (Loss) Before Provision for Taxes
$2,497,614 $ (255,746)
483,281
36,514
$3,145,748 $3,664,897 $3,378,063 $2,980,895 $ (219,232)
$6,228,633
287,803
$6,516,436
$2,241,868
519,795
$2,761,663
655,105
$ 9,742,948 $ 8,388,230
$10,398,053 $ 9,804,623
1,416,393
Transaction-Related Charges (a)
35,533
59,193
21,424
25,333
25,141
63,421
Amortization of Intangibles (b)
17,044
Impact of Consolidation (c)
(432,153)
Unrealized Performance Revenues (d)
(2,697,170)
17,044
(488,457)
(2,724,366)
17,044
(322,957) (221,427)
(789,213) (1,293,050)
17,044
17,044
34,168
50,474
34,088
180,996
67,186
131,091
68,176
190,832
(819,632)
(30,595)
(1,392,445)
3,467,668
(5,161,667)
2,174,618
(7,162,432)
(842,009)
(1,338,961)
Unrealized Performance Allocations Compensation (e)
1,150,219
1,193,853
384,007
472,284
(1,386,543)
2,200,188
(914,259)
2,988,237
663,601
Unrealized Principal Investment (Income) Loss (f)
(104,658)
2,343
(153,518)
(26,758)
203,288
(528,592)
176,530
(820,144)
25,355
$1,221,867
Other Revenues (g)
Equity-Based Compensation (h)
Administrative Fee Adjustment (i)
Taxes and Related Payables (j)
Distributable Earnings
Taxes and Related Payables (j)
Net Interest and Dividend (Income) Loss (k)
Total Segment Distributable Earnings
Realized Performance Revenues (l)
Realized Performance Compensation (m)
Realized Principal Investment Income (n)
Fee Related Earnings
Adjusted EBITDA Reconciliation
Distributable Earnings
2,488
2,441
(156,867) (377,920) (147,652)
$1,069,993 $1,635,273 $2,273,327 $1,937,880
$ 704,068 $ 778,965 $1,826,927 $1,146,864 $1,020,587
(27,870)
(64,109)
(50,633)
(72,819)
(155,704)
(88,143)
(228,523)
248,095
(343,265)
121,422
129,254
164,589
201,545
195,644
265,694
397,189
422,648
691,032
2,551
(140,673)
140,673
11,201
156,867
377,920
(792,938)
338,271
619,074
(63,132) (151,010)
2,476
(354,789)
$1,985,825
147,652 354,789
16,238
(6,779)
12,117
3,282
$1,808,378 $2,644,468 $2,097,649 $2,343,896
(1,497,477) (1,191,374) (1,312,810) (2,206,774)
449,301 519,120
(75,468) (157,095)
2,485
5,259
(224,895) (502,441)
$2,262,237 $3,923,705
224,895
502,441
24,129
15,399
$2,511,261 $4,441,545
(1,194,261) (3,519,584)
4,961
10,524
9,890
(441,979) (1,037,228)
$ 4,498,739 $ 7,832,305
441,979
42,464
1,037,228
24,858
926,974
(43,509)
489,195 1,446,094
(361,288) (200,604)
$1,444,907 $2,167,451
$ 4,983,182 $ 8,894,391
(2,790,844) (6,208,435)
1,094,453
(480,993)
2,514,469
$ 2,805,798 $ 4,773,343
(427,082)
Interest Expense (o)
Taxes and Related Payables (j)
Depreciation and Amortization (p)
Adjusted EBITDA
Notes on pages 26-27.
$1,069,993
$1,635,273 $2,273,327
$1,937,880 $1,985,825
44,132
51,773
56,387
66,602
69,425
88,472
$2,262,237 $3,923,705
136,027
140,673
156,867
377,920
147,652
354,789
224,895
502,441
12,581
12,771
14,542
14,316
15,644
24,874
29,960
$1,267,379
$1,856,684
$2,722,176
$2,166,450
$2,425,683
$2,600,478
$4,592,133
$ 4,498,739 $ 7,832,305
173,030
441,979
44,388
244,187
1,037,228
57,273
$ 5,158,136 $ 9,170,993
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