Investor Presentaiton
BLACKSTONE'S THIRD QUARTER 2022 GAAP RESULTS
GAAP Net Income was $4 million for the quarter and $2.2 billion year-to-date ("YTD"). GAAP Net Income
Attributable to Blackstone Inc. was $2 million for the quarter and $1.2 billion YTD.
($ in thousands, except per share data) (unaudited)
Revenues
Management and Advisory Fees, Net
3Q'21
3Q'22
3Q'21 YTD
3Q'22 YTD
3Q'21 LTM
3Q'22 LTM
S
1,320,795 $
48,206
1,617,754
110,776
$
3,711,159 $
117,537
4,654,877
314,863
$
4,845,297
215,239
$
6,114,425
451,317
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)
1,522,495
2,724,366
725,888
(771,637)
2,865,482
7,886,033
4,946,043
(2,946,255)
4,330,636
8,483,318
7,734,013
(2,157,042)
325,414
183,754
193,228
(1,069,697)
832,512
1,151,904
743,493
(1,496,226)
1,053,326
1,369,592
914,803
(1,191,929)
4,756,029
(922,218)
12,735,931
1,247,055
15,236,872
5,299,845
35,048
52,420
64,187
$
6,224,265 $
199,382
1,058,114
$
97,477
152,387
16,814,491 $
168,980
137,203
232,146
427,839
6,813,614
$
8,804
20,443,415 $
478,538
12,576,271
536,199
21,007
600,273
50,355
1,585,941
48,763
1,942,790
136,737
2,045,577
70,849
2,518,822
186,086
631,632
313,930
1,193,853
(359,590)
1,192,082
3,394,041
2,067,447
1,782,171
3,187,358
(1,273,849)
3,672,616
(889,842)
2,382,691
604,968
6,220,827
2,873,125
7,571,213
5,002,424
217,995
270,369
608,174
800,331
822,298
1,110,004
52,413
80,507
141,718
216,896
187,420
273,446
1,260
5,517
7,417
12,144
9,319
15,103
$
2,654,359 $
961,361
$
6,978,136 $
3,902,496
$
8,590,250 $
6,400,977
Change in Tax Receivable Agreement Liability
(37,321)
(34,803)
748
(61,974)
32,792
Net Gains (Losses) from Fund Investment Activities
132,312
1,178
379,781
Income Before Provision for Taxes
$
3,664,897 $
97,931
$
10,181,333 $
Provision for Taxes
458,904
94,231
Net Income
$
3,205,993 $
3,700
$
746,707
9,434,626 $
(52,272)
2,859,594
614,026
2,245,568
470,648
29,571
$
$
12,261,839 $
1,013,049
11,248,790 $
6,237,657
1,051,720
5,185,937
Net Income Attributable to Redeemable Non-Controlling Interests in
Consolidated Entities
1,550
25,773
2,816
56,700
945
59,624
Net Income (Loss) Attributable to Non-Controlling Interests in Consolidated
Entities
486,907
(62,093)
1,305,273
(62,425)
1,613,328
257,608
Net Income Attributable to Non-Controlling Interests in Blackstone
Holdings
1,315,641
37,724
3,667,618
1,061,516
4,426,728
2,280,450
Net Income Attributable to Blackstone Inc. ("BX")
$
Net Income Per Share of Common Stock, Basic
Net Income Per Share of Common Stock, Diluted
Income Before Provision for Taxes Margin
$
$
1,401,895 $
1.94 $
1.94 $
58.9%
0.00
9.3%
2,296 $
0.00 $
$
4,458,919 $
6.21 $
6.21 $
60.6%
1,189,777
$
5,207,789
$
2,588,255
1.61
$
7.30 $
3.51
1.61
$
7.29
$
3.51
42.0%
60.0%
49.6%
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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