For the quarter ending 2026-03-31, BX had -$144,242K decrease in cash & cash equivalents over the period. $957,637K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 1,257,907 | 1,974,791 | 1,236,925 | 1,626,133 |
| Net realized gains on investments | -1,434,843 | -1,755,651 | -1,158,754 | -943,754 |
| Changes in unrealized (gains) losses on investments | -317,115 | 25,168 | -169,964 | 444,354 |
| Non-cashperformance allocations | 283,452 | 282,397 | -215,818 | 313,283 |
| Non-cashperformance allocations and incentive fee compensation | 577,518 | 610,583 | 384,861 | 550,757 |
| Equity-based compensation expense | 560,862 | 358,590 | 303,317 | 312,356 |
| Amortization of intangibles | 9,035 | 9,099 | 8,975 | 8,974 |
| Other non-cash amounts included in net income | 201,230 | 28,106 | 104,139 | -151,923 |
| Cash acquired with consolidation of fund entities | 830 | 0 | 0 | 0 |
| Cash relinquished with deconsolidation of fund entities | -38 | -3,674 | 0 | 0 |
| Accounts receivable | 366,998 | -165,746 | 260,369 | 78,496 |
| Due from affiliates | -238,420 | 174,959 | 253,154 | 67,857 |
| Other assets | -154,786 | 247,508 | 37,570 | -72,045 |
| Accrued compensation and benefits | -709,726 | -679,278 | -108,780 | -256,466 |
| Accounts payable, accrued expenses and other liabilities | 176,546 | 54,870 | 482,608 | -123,681 |
| Due to affiliates | -24,181 | 16,249 | 9,805 | -662,801 |
| Investments purchased | 910,198 | 808,102 | 647,660 | 809,535 |
| Cash proceeds from sale of investments | 1,628,693 | 1,882,710 | 1,355,798 | 1,866,542 |
| Net cash provided by operating activities | 991,046 | 1,067,795 | 1,597,645 | 888,503 |
| Purchase of furniture, equipment and leasehold improvements | 33,409 | 22,350 | 23,929 | 40,146 |
| Net cash paid for acquisitions, net of cash acquired | - | 0 | - | - |
| Net cash used in investing activities | -33,409 | -22,350 | -23,929 | -40,146 |
| Distributions tonon-controllinginterest holders in consolidated entities | 356,296 | 235,112 | 318,177 | 229,280 |
| Contributions fromnon-controllinginterest holders in consolidated entities | 458,136 | 183,823 | 496,552 | 414,339 |
| Payments under tax receivable agreement | 63,820 | 0 | 0 | 0 |
| Net settlement of vested common stock and repurchase of common stock | 66,347 | 51,067 | 126,050 | 35,237 |
| Proceeds from loans payable | 900,000 | 1,587,007 | 202,173 | 0 |
| Repayment and repurchase of loans payable | 47,686 | 906,696 | 200,000 | 645,467 |
| Dividends/distributions to stockholders and unitholders | 1,917,928 | 1,597,553 | 1,341,824 | 1,215,471 |
| Net cash used in financing activities | -1,093,941 | -1,019,598 | -1,287,326 | -1,711,116 |
| Effect of exchange rate changes on cash and cash equivalents and cash held by blackstone funds and other | -7,938 | -3,413 | -3,591 | 12,271 |
| Net increase (decrease) | -144,242 | 22,434 | 282,799 | -850,488 |
| Beginning of period | 2,854,682 | -656,056 | -373,257 | -1,223,745 |
| End of period | 2,710,440 | 22,434 | 282,799 | -850,488 |
Blackstone Inc. (BX)
Blackstone Inc. (BX)