XML 30 R7.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating Activities    
Net Income (Loss) $ 314,920 $ 1,364,001
Blackstone Funds Related    
Unrealized Appreciation on Investments Allocable to Non-Controlling Interests in Consolidated Entities (35,684) (87,529)
Net Realized Gains on Investments (253,857) (1,479,010)
Changes in Unrealized (Gains) Losses on Investments Allocable to The Blackstone Group L.P. 17,363 (61,239)
Non-Cash Performance Fees (15,077) (315,065)
Non-Cash Performance Fee Compensation 106,076 403,816
Equity-Based Compensation Expense 79,840 272,335
Excess Tax Benefits Related to Equity-Based Compensation (11,690) (23,834)
Amortization of Intangibles 22,828 24,800
Other Non-Cash Amounts Included in Net Income 17,372 107,020
Cash Flows Due to Changes in Operating Assets and Liabilities    
Cash Held by Blackstone Funds and Other 51,134 350,505
Cash Relinquished in Deconsolidation and Liquidation of Partnership   (442,370)
Accounts Receivable (21,063) (47,474)
Reverse Repurchase Agreements 159,592 (79,628)
Due from Affiliates 124,519 (1,928)
Other Assets 52,381 (109,651)
Accrued Compensation and Benefits (289,532) (436,354)
Securities Sold, Not Yet Purchased (76,620) 76,698
Accounts Payable, Accrued Expenses and Other Liabilities (264,198) (528,826)
Repurchase Agreements 8,620 57,152
Due to Affiliates (3,642) (90,700)
Net Cash Provided by Operating Activities 208,531 479,286
Investing Activities    
Purchase of Furniture, Equipment and Leasehold Improvements (9,934) (3,275)
Changes in Restricted Cash 5,843 5,843
Net Cash Provided by (Used in) Investing Activities (4,091) 2,568
Financing Activities    
Distributions to Non-Controlling Interest Holders in Consolidated Entities (68,696) (229,240)
Contributions from Non-Controlling Interest Holders in Consolidated Entities 88,079 55,274
Payments Under Tax Receivable Agreement (78,985) (82,830)
Net Settlement of Vested Common Units and Repurchase of Common and Blackstone Holdings Partnership Units (13,262) (27,632)
Excess Tax Benefits Related to Equity-Based Compensation 11,690 23,834
Proceeds from Loans Payable   23
Repayment and Repurchase of Loans Payable   (2,410)
Distributions to Unitholders (745,140) (970,960)
Blackstone Funds Related    
Proceeds from Loans Payable 158,456 507,832
Repayment of Loans Payable (21,327) (32,805)
Net Cash Used in Financing Activities (669,185) (758,914)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (27) 60
Net Decrease in Cash and Cash Equivalents (464,772) (277,000)
Cash and Cash Equivalents, Beginning of Period 1,837,324 1,412,472
Cash and Cash Equivalents, End of Period 1,372,552 1,135,472
Supplemental Disclosure of Cash Flows Information    
Payments for Interest 60,907 49,484
Payments for Income Taxes 6,995 70,609
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Non-Cash Contributions from Non-Controlling Interest Holders 967 601
Transfer of Interests to Non-Controlling Interest Holders (5,312) (10,163)
Change in The Blackstone Group L.P.'s Ownership Interest 3,618 68,361
Net Settlement of Vested Common Units 59,605 51,228
Conversion of Blackstone Holdings Partnership Units to Common Units 18,931 46,123
Acquisition of Ownership Interests from Non-Controlling Interest Holders    
Deferred Tax Asset (14,427) (54,313)
Due to Affiliates 15,572 45,200
Partners' Capital (1,145) 9,113
Blackstone's Treasury Cash Management Strategies    
Cash Flows Due to Changes in Operating Assets and Liabilities    
Investments Purchased (590,772) (1,063,714)
Cash Proceeds from Sale of Investments 590,649 1,120,428
Investments Of Consolidated Blackstone Funds    
Cash Flows Due to Changes in Operating Assets and Liabilities    
Investments Purchased (742,280) (195,719)
Cash Proceeds from Sale or Pay Down of Investments $ 967,652 $ 1,665,572