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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating Activities    
Net Income $ 1,713,535 $ 1,878,257
Blackstone Funds Related    
Unrealized Appreciation on Investments Allocable to Non-Controlling Interests in Consolidated Entities (28,903) (290,698)
Net Realized Gains on Investments (2,689,849) (1,457,777)
Changes in Unrealized Losses on Investments Allocable to The Blackstone Group L.P. 53,219 45,811
Non-Cash Performance Fees 37,652 (930,489)
Non-Cash Performance Fee Compensation 619,256 655,092
Equity-Based Compensation Expense 482,683 381,553
Excess Tax Benefits Related to Equity-Based Compensation (60,045) (17,938)
Amortization of Intangibles 48,422 51,824
Other Non-Cash Amounts Included in Net Income 167,112 113,063
Cash Flows Due to Changes in Operating Assets and Liabilities    
Cash Held by Blackstone Funds and Other 1,033,351 (106,245)
Cash Relinquished in Deconsolidation and Liquidation of Partnership (442,370) (293,989)
Accounts Receivable 28,916 280,586
Reverse Repurchase Agreements (61,376) 118,263
Due from Affiliates (85,616) 244,803
Other Assets (87,332) (30,289)
Accrued Compensation and Benefits (577,607) (340,604)
Securities Sold, Not Yet Purchased 56,906 (97,247)
Accounts Payable, Accrued Expenses and Other Liabilities (444,242) (440,090)
Repurchase Agreements 11,743 (313,675)
Due to Affiliates (109,090) 3,672
Treasury Cash Management Strategies    
Investments Purchased (2,013,059) (1,595,138)
Cash Proceeds from Sale of Investments 2,035,454 1,767,007
Blackstone Funds Related    
Investments Purchased (1,716,764) (3,686,756)
Cash Proceeds from Sale or Pay Down of Investments 3,628,386 5,904,448
Net Cash Provided by Operating Activities 1,600,382 1,843,444
Investing Activities    
Purchase of Furniture, Equipment and Leasehold Improvements (16,539) (13,618)
Changes in Restricted Cash 5,843 5,841
Net Cash Used in Investing Activities (10,696) (7,777)
Financing Activities    
Distributions to Non-Controlling Interest Holders in Consolidated Entities (421,088) (449,914)
Contributions from Non-Controlling Interest Holders in Consolidated Entities 220,243 690,755
Purchase of Interests from Certain Non-Controlling Interest Holders   (6)
Payments Under Tax Receivable Agreement (82,830) (80,565)
Net Settlement of Vested Common Units and Repurchase of Common and Blackstone Holdings Partnership Units (35,660) (25,290)
Excess Tax Benefits Related to Equity-Based Compensation 60,045 17,938
Proceeds from Loans Payable 675,831 490,101
Repayment and Repurchase of Loans Payable (2,652) (7,934)
Distributions to Unitholders (2,046,768) (1,123,123)
Blackstone Funds Related    
Proceeds from Loans Payable 888,535 42,197
Repayment of Loans Payable (93,358) (998,743)
Net Cash Used in Financing Activities (837,702) (1,444,584)
Effect of Exchange Rate Changes on Cash and Cash Equivalents 184 (8)
Net Increase in Cash and Cash Equivalents 752,168 391,075
Cash and Cash Equivalents, Beginning of Period 1,412,472 831,998
Cash and Cash Equivalents, End of Period 2,164,640 1,223,073
Supplemental Disclosure of Cash Flows Information    
Payments for Interest 62,691 49,580
Payments for Income Taxes 91,513 89,792
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Non-Cash Contributions from Non-Controlling Interest Holders 1,022 10,553
Non-Cash Distributions to Non-Controlling Interest Holders (127) (11,355)
Net Activities Related to Capital Transactions of Consolidated Blackstone Funds (277) 5,239
Net Assets Related to the Consolidation of CLO Vehicles   8,398
Net Assets Related to the Consolidation of Certain Fund Entities   35,433
Notes Issuance Costs 5,269 4,375
Transfer of Interests to Non-Controlling Interest Holders (18,299) (3,014)
Change in The Blackstone Group L.P.'s Ownership Interest 67,809 (11,704)
Net Settlement of Vested Common Units 108,664 59,301
Conversion of Blackstone Holdings Partnership Units to Common Units 86,935 64,497
Acquisition of Ownership Interests from Non-Controlling Interest Holders    
Deferred Tax Asset (108,594) (63,173)
Due to Affiliates 90,880 48,177
Partners' Capital $ 17,714 $ 14,996