Blackstone Inc. Q3 2024 10-Q Filed

TL;DR

**BX Q3 10-Q is IN! Revenue breakdown shows key segment performance.**

AI Summary

Blackstone Inc. filed its 10-Q for the period ending September 30, 2024. The filing details segment revenues, including adjustments for unrealized gains and losses on investments, and principal investment income. Specific revenue components like interest, dividends, and other revenues are also broken down for the three months ended September 30, 2024 and 2023.

Why It Matters

This filing provides investors with a detailed look at Blackstone's financial performance and revenue streams for the third quarter of 2024, crucial for understanding the company's operational health.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing financial details, not indicating immediate new risks.

Key Numbers

• Q3 2024 — Reporting Period (Covers the third quarter of the fiscal year.)
• 20241101 — Filing Date (Date the 10-Q was submitted to the SEC.)

Key Players & Entities

• Blackstone Inc. (company) — Filer of the 10-Q
• September 30, 2024 (date) — End of reporting period
• 20241101 (date) — Filing date
• 345 PARK AVENUE (address) — Company's business and mailing address

FAQ

From the Filing

0001193125-24-249809.txt : 20241101 0001193125-24-249809.hdr.sgml : 20241101 20241101160239 ACCESSION NUMBER: 0001193125-24-249809 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 131 CONFORMED PERIOD OF REPORT: 20240930 FILED AS OF DATE: 20241101 DATE AS OF CHANGE: 20241101 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Blackstone Inc. CENTRAL INDEX KEY: 0001393818 STANDARD INDUSTRIAL CLASSIFICATION: INVESTMENT ADVICE [6282] ORGANIZATION NAME: 02 Finance IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-33551 FILM NUMBER: 241419003 BUSINESS ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154 BUSINESS PHONE: (212) 583-5000 MAIL ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154 FORMER COMPANY: FORMER CONFORMED NAME: Blackstone Inc DATE OF NAME CHANGE: 20210806 FORMER COMPANY: FORMER CONFORMED NAME: Blackstone Group Inc DATE OF NAME CHANGE: 20190628 FORMER COMPANY: FORMER CONFORMED NAME: Blackstone Group L.P. DATE OF NAME CHANGE: 20070320 10-Q 1 d896208d10q.htm 10-Q 10-Q http://fasb.org/us-gaap/2024#RelatedPartyMember http://fasb.org/us-gaap/2024#RelatedPartyMember false Q3 0001393818 --12-31 http://fasb.org/us-gaap/2024#UnrealizedGainLossOnInvestments http://fasb.org/us-gaap/2024#UnrealizedGainLossOnInvestments http://fasb.org/us-gaap/2024#UnrealizedGainLossOnInvestments http://fasb.org/us-gaap/2024#UnrealizedGainLossOnInvestments http://fasb.org/us-gaap/2024#OtherAssets http://fasb.org/us-gaap/2024#OtherAssets Total Segment Revenues is comprised of the following: This adjustment removes Unrealized Performance Revenues on a segment basis. This adjustment removes Unrealized Principal Investment Income (Loss) on a segment basis. This adjustment removes Interest and Dividend Revenue on a segment basis. This adjustment removes Other Revenue on a segment basis. For the three months ended September 30, 2024 and 2023, Other Revenue on a GAAP basis was $(96.3) million and $63.8 million, and included $(96.7) million and $63.2 million of foreign exchange gains (losses), respectively. For the nine months ended September 30, 2024 and 2023, Other Revenue on a GAAP basis was $(31.9) million and $18.0 million, and included $(32.6) million and $16.4 million of foreign exchange gains (losses), respectively. This adjustment reverses the effect of consolidating Blackstone Funds, which are excluded from Blackstone’s segment presentation. This adjustment includes the elimination of Blackstone’s interest in these funds, the removal of revenue from the reimbursement of certain expenses by the Blackstone Funds, which are presented gross under GAAP but netted against Management and Advisory Fees, Net in the Total Segment measures, and the removal of amounts associated with the ownership of Blackstone consolidated operating partnerships held by non-controlling interests. Total Segment Expenses is comprised of the following: This adjustment removes Unrealized Performance Allocations Compensation. This adjustment removes Equity-Based Compensation on a segment basis. This adjustment adds back Interest Expense on a segment basis, excluding interest expense related to the tax receivable agreement. This adjustment removes the amortization of transaction-related intangibles, which are excluded from Blackstone’s segment presentation. This adjustment removes Transaction-Related and Non-Recurring Items, which are excluded from Blackstone’s segment presentation. Transaction-Related and Non-Recurring Items arise from corporate actions including acquisitions, divestitures, Blackstone’s initial public offering and non-recurring gains, losses, or other charges, if any. They consist primarily of equity-based compensation charges, gains or losses on contingent consideration arrangements, changes in the balance of the tax receivable agreement resulting from a change in tax law or similar event, transaction co