Investor Presentaiton
RECONCILIATION OF GAAP TO TOTAL SEGMENTS
($ in thousands)
Management and Advisory Fees, Net
GAAP
Segment Adjustment (a)
Total Segment
QTD
2Q'21
3Q'21
4Q'21
1Q'22
2Q'22
$ 1,212,549 $ 1,320,795 $1,459,548 $ 1,475,936 $ 1,561,187
2Q'21
YTD
2Q'22
LTM
2Q'21
2Q'22
193
(720)
$ 1,212,742 $ 1,320,075
(3,328)
$1,456,220
(2,568)
$1,473,368
(4,270)
$1,556,917
583
$ 2,390,947 $ 3,030,285
$ 2,390,364 $ 3,037,123
(6,838)
$ 4,578,353 $ 5,817,466
6,459
(10,886)
$ 4,584,812 $ 5,806,580
GAAP Realized Performance Revenues to Total Segment Fee Related Performance Revenues
GAAP
Incentive Fees
Investment Income Realized Performance Allocations
33,207
808,620
48,206
1,522,495
136,454
2,787,970
104,489
1,766,386
99,598
2,453,769
Segment Adjustment (b)
GAAP
Total Segment
Less: Realized Performance Revenues
Total Segment
$ 841,827 $1,570,701 $2,924,424 $ 1,870,875 $ 2,553,367
69,331
1,342,987
$1,412,318
204,087
4,220,155
$ 4,424,242
180,531
3,179,547
$3,360,078
388,747
8,530,620
$ 8,919,367
(792,938) (1,497,477)
(1,191,374) (1,312,810)
(2,206,774)
(1,194,261) (3,519,584)
(2,790,844)
89
824
(6,208,435)
913
$
48,889 $ 73,313 $1,733,874 $ 558,065 $ 346,593
$ 218,057 $ 904,658
$ 569,234 $2,711,845
GAAP Compensation to Total Segment Fee Related Compensation
GAAP
Compensation
507,104
14,431
347,423
536,199
21,007
631,632
576,032
49,349
1,119,911
656,505
41,019
717,601
$ 868,958 $ 1,188,838
$ 1,745,292 $1,415,125
686,012
45,363
1,035,916
$1,767,291
1,049,742 1,342,517
27,756
86,382
560,450 1,753,517
$1,637,948 $ 3,182,416
1,970,361
57,227
1,292,688
2,454,748
156,738
3,505,060
$ 3,320,276 $ 6,116,546
(338,271)
(619,074)
(119,491)
(127,442)
(449,301)
(162,656)
(1,931)
(33,880)
(1,812)
(21,029)
(1,933)
(519,120)
(200,387)
(1,158)
(926,974)
(191,769)
(3,875)
(23,368)
(23,989)
(23,260)
$ 375,385 $ 419,481 $ 1,108,034 $
670,471 $
621,413
(489,195) (1,446,094)
(261,165)
(4,529)
(62,564)
$ 820,495 $1,291,884
(1,094,453)
(2,514,469)
(392,156)
(5,033)
(47,249)
(414,742)
(7,906)
(682,254)
(8,778)
(139,278)
(91,646)
$ 1,663,897 $ 2,819,399
Incentive Fees Compensation
Realized Performance Allocations Compensation
GAAP
Total Segment
Less: Realized Performance Compensation
Less: Equity-Based Compensation Fee Related Compensation
Less: Equity-Based Compensation - Performance Compensation
Segment Adjustment (c)
Total Segment
GAAP General, Administrative and Other to Total Segment Other Operating Expenses
GAAP
Segment Adjustment (d)
Total Segment
Realized Performance Revenues
GAAP
Incentive Fees
Investment Income Realized Performance Allocations
GAAP
Total Segment
Less: Fee Related Performance Revenues
Segment Adjustment (b)
Total Segment
$
$ 182,178 $
205,057 $ 217,995 $ 309,673 $ 240,674 $ 289,288
(22,879) (23,053) (54,540) (26,576) (27,778)
194,942 $ 255,133 $ 214,098 $ 261,510
$
390,179 $529,962
(46,577) (54,354)
$ 343,602 $ 475,608
33,207
808,620
48,206
1,522,495
136,454
2,787,970
104,489
1,766,386
$ 841,827 $ 1,570,701 $2,924,424 $ 1,870,875 $ 2,553,367
(48,889)
(73,313)
89
(1,733,874)
824
(558,065)
$ 775,344 $1,057,630
(90,993) (131,947)
$ 684,351 $ 925,683
99,598
2,453,769
69,331
1,342,987
204,087
4,220,155
180,531
3,179,547
388,747
8,530,620
$ 1,412,318 $ 4,424,242
$ 3,360,078 $ 8,919,367
(346,593)
(218,057)
(904,658)
(569,234)
(2,711,845)
913
$ 1,194,261 $3,519,584
$2,790,844 $ 6,208,435
Blackstone |30
$ 792,938 $1,497,477 $ 1,191,374 $ 1,312,810 $ 2,206,774View entire presentation