Investor Presentaiton
BLACKSTONE'S SECOND QUARTER 2022 GAAP RESULTS
GAAP Net Income (Loss) was $(256) million for the quarter and $2.2 billion year-to-date ("YTD"). GAAP Net Income
(Loss) Attributable to Blackstone Inc. was $(29) million for the quarter and $1.2 billion YTD.
($ in thousands, except per share data) (unaudited)
Revenues
Management and Advisory Fees, Net
2Q'21
2Q'22
2Q'21 YTD
2Q'22 YTD
2Q'21 LTM
2Q'22 LTM
S
1,212,549 $
33,207
1,561,187
99,598
$
2,390,364 $
69,331
3,037,123
204,087
$
4,578,353
180,531
$
5,817,466
388,747
Incentive Fees
Investment Income (Loss)
Performance Allocations
Realized
Unrealized
Principal Investments
Realized
Unrealized
Total Investment Income (Loss)
Interest and Dividend Revenue
Other
Total Revenues
Expenses
Compensation and Benefits
Compensation
Incentive Fee Compensation
Performance Allocations Compensation
Realized
Unrealized
Total Compensation and Benefits
General, Administrative and Other
Interest Expense
Fund Expenses
Total Expenses
Other Income (Loss)
808,620
2,697,170
2,453,769
(3,467,668)
1,342,987
4,220,155
3,179,547
8,530,620
5,161,667
(2,174,618)
7,162,432
1,338,961
152,060
328,835
265,161
507,098
550,265
(500,490)
968,150
(426,529)
788,929
1,481,146
1,046,989
61,522
3,986,685
(1,249,228)
7,979,902
2,169,273
12,612,054
10,978,092
31,017
62,075
62,429
116,560
128,652
214,774
27,896
$
5,291,354 $
155,588
629,220
88,200
228,457
(247,542)
343,343
$
10,590,226 $
5,755,500
$
17,252,048 $
17,742,422
507,104
14,431
686,012
45,363
1,049,742
27,756
1,342,517
86,382
1,970,361
57,227
2,454,748
156,738
347,423
1,150,219
1,035,916
(1,386,543)
560,450
2,200,188
1,753,517
1,292,688
3,505,060
(914,259)
2,988,237
663,601
2,019,177
380,748
3,838,136
2,268,157
6,308,513
6,780,147
205,057
289,288
390,179
529,962
775,344
1,057,630
44,322
69,642
89,305
136,389
174,547
245,352
3,774
4,435
$
2,272,330 $
744,113
$
6,157
4,323,777 $
6,627
10,333
10,846
2,941,135
$
7,268,737 $
8,093,975
Change in Tax Receivable Agreement Liability
Net Gains (Losses) from Fund Investment Activities
Income (Loss) Before Provision for Taxes
Provision for Taxes
(392)
(13)
2,518
748
(32,346)
(4,529)
127,116
(104,326)
247,469
$
3,145,748 $
(219,232)
$
Net Income (Loss)
Net Income (Loss) Attributable to Redeemable Non-Controlling Interests in
Consolidated Entities
$
288,250
2,857,498 $
36,514
(255,746)
$
6,516,436 $
287,803
6,228,633 $
637
25,875
1,266
(53,450)
2,761,663
519,795
2,241,868
30,927
447,088
160,705
$
$
10,398,053 $
655,105
9,742,948 $
9,804,623
1,416,393
8,388,230
6,263
35,401
Net Income (Loss) Attributable to Non-Controlling Interests in Consolidated
Entities
431,516
(216,707)
818,366
(332)
1,386,182
806,608
Net Income (Loss) Attributable to Non-Controlling Interests in Blackstone
Holdings
1,116,193
(35,521)
Net Income (Loss) Attributable to Blackstone Inc. ("BX")
$
Net Income (Loss) Per Share of Common Stock, Basic
Net Income (Loss) Per Share of Common Stock, Diluted
Income (Loss) Before Provision for Taxes Margin
$
$
1,309,152 $
1.82 $
1.82 $
59.5%
(29,393)
(0.04) $
(0.04)
(34.8)%
$
$
2,351,977
3,057,024 $
4.27 $
4.27 $
61.5%
1,023,792
1,187,481
3,749,890
3,558,367
1.61
1.61
SSS
$
$
4,600,613 $
6.51 $
3,987,854
5.45
$
6.51
$
5.45
48.0%
60.3%
55.3%
Throughout this presentation, all current period amounts are preliminary and unaudited. Totals may not add due to rounding. See pages 34-36, Definitions and
Dividend Policy, for definitions of terms used throughout this presentation. See additional notes on page 32.
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