Investor Presentaiton
RECONCILIATION OF GAAP TO NON-GAAP MEASURES
($ in thousands)
3Q'21
4Q'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 Attributable to Redeemable
Non-Controlling Interests in Consolidated Entities
Net Income (Loss)
1,315,641
1,218,934
QTD
1Q'22
$1,401,895 $1,398,478 $1,216,874 $
1,059,313
YTD
LTM
2Q'22
3Q'22
3Q'21
3Q'22
3Q'21
3Q'22
(29,393) $ 2,296
(35,521)
37,724
$ 4,458,919 $1,189,777
3,667,618 1,061,516
4,426,728
$ 5,207,789 $ 2,588,255
2,280,450
486,907
320,033
216,375
(216,707)
(62,093)
1,305,273
(62,425)
1,613,328
257,608
1,550
2,924
5,052
25,875
25,773
2,816
56,700
945
$3,205,993 $2,940,369
$2,497,614 $ (255,746) $
3,700
Provision for Taxes
Income (Loss) Before Provision for Taxes
458,904
$3,664,897
Transaction-Related Charges (a)
59,193
Amortization of Intangibles (b)
17,044
437,694
$3,378,063
21,424
17,044
483,281
36,514
94,231
$2,980,895 $ (219,232) $
97,931
25,333
25,141
9,247
17,044
17,044
13,238
$ 9,434,626 $2,245,568
746,707 614,026
$10,181,333 $2,859,594
59,721
47,326
59,624
$11,248,790 $ 5,185,937
1,013,049 1,051,720
$12,261,839 $ 6,237,657
Impact of Consolidation (c)
(488,457)
(322,957) (221,427)
190,832
Unrealized Performance Revenues (d)
(2,724,366)
Unrealized Performance Allocations Compensation (e)
1,193,853
(789,213) (1,293,050) 3,467,668
384,007
36,320
771,637
472,284 (1,386,543)
(359,590)
Unrealized Principal Investment (Income) Loss (f)
2,343
(153,518)
(26,758)
203,288
(64,109)
129,254
2,488
(156,867)
156,867
16,238
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
Interest Expense (o)
Taxes and Related Payables (j)
Depreciation and Amortization (p)
Adjusted EBITDA
(377,920) (147,652)
$1,635,273 $2,273,327 $1,937,880
$1,808,378 $2,644,468 $2,097,649 $2,343,896
(1,497,477) (1,191,374) (1,312,810) (2,206,774) (469,009)
619,074
(151,010)
$ 778,965 $1,826,927 $1,146,864 $1,020,587 $1,179,299
$1,635,273 $2,273,327 $1,937,880 $1,985,825 $1,374,869
$ 3,897,510
$5,298,574
51,773
56,387
66,602
69,425
156,867
377,920
147,652
354,789
80,312
184,130
140,245
381,762
216,339
686,571
12,771
14,542
$1,856,684 $2,722,176
14,316
$2,166,450
15,644
$2,425,683
14,958
$1,654,269
37,645
$ 4,457,162
44,918
$6,246,402
(50,633)
(72,819)
(155,704)
996,105
(198,546)
122,614
51,212
(1,308,089)
(7,886,033) 2,946,255
3,394,041 (1,273,849)
(526,249) 1,172,635
192,906
67,747
81,145
64,370
5,725
(1,614,273)
(8,483,318)
(317,232)
2,157,042
3,672,616
(889,842)
(640,676)
1,019,117
(152,252)
(427,069)
(8,637)
(477,702)
164,589
201,545
195,644
2,441
2,485
377,920
(6,779)
147,652
12,117
2,476
(354,789)
$1,985,825
354,789
3,282
190,197
2,460
(184,130)
$1,374,869
184,130
22,850
$1,581,849
394,948
587,386
462,040
751,975
7,747
(381,762)
7,421
10,293
9,862
(686,571)
(558,621)
(1,064,491)
$ 3,897,510
381,762
40,367
$5,298,574
686,571
38,249
$ 5,361,916 $ 7,571,901
558,621
45,971
1,064,491
31,470
449,301
519,120
(75,468) (157,095)
926,974
(43,509)
206,224
(139,765)
$ 4,319,639
(2,691,738)
1,108,269
(512,298)
$6,023,394
$ 5,966,508
$ 8,667,862
(3,988,593)
1,652,318
(3,968,367)
1,591,797
(5,179,967)
2,101,619
$ 2,223,872
(340,369)
$3,346,750
(616,119)
(415,837)
$ 2,973,819 $ 5,173,677
$ 5,361,916 $ 7,571,901
185,575
558,621
272,726
1,064,491
47,591
59,460
$ 6,153,703 $ 8,968,578
Notes on pages 26-27.
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