Summary
Blackstone Inc. (BX) reported strong financial performance for the year ended December 31, 2013, driven by significant growth across its alternative asset management businesses. Total Assets Under Management (AUM) increased by 26% to $265.8 billion, fueled by $60.3 billion in inflows and robust market appreciation. Realization activity accelerated, with total realizations reaching nearly $30 billion, a substantial increase from $13 billion in 2012, bolstered by successful initial public offerings of portfolio companies. The company highlighted double-digit AUM growth across all investing businesses—Private Equity, Real Estate, Hedge Fund Solutions, and Credit—driven by substantial capital inflows and market appreciation. Blackstone also completed a strategic acquisition of Strategic Partners Fund Solutions, adding $9.4 billion to AUM. Furthermore, the firm's credit rating was upgraded to A+ by S&P, reflecting its strong balance sheet and financial health. Blackstone also demonstrated a commitment to social impact through its Veterans Hiring Initiative. Overall, Blackstone demonstrated strong operational execution and financial growth in 2013, supported by favorable market conditions and strategic initiatives, positioning it well for continued expansion.
Financial Highlights
35 data points| Revenue | $6.61B |
| Operating Expenses | $3.87B |
| Interest Expense | $107.97M |
| Net Income | $1.17B |
| EPS (Basic) | $2.00 |
| EPS (Diluted) | $1.98 |
| Shares Outstanding (Basic) | 587.02M |
| Shares Outstanding (Diluted) | 590.55M |
Key Highlights
- 1Total Assets Under Management (AUM) grew 26% to $265.8 billion, with inflows of $60.3 billion across all segments.
- 2Realization activity significantly increased, reaching nearly $30 billion in 2013, up from $13 billion in 2012.
- 3Strong performance in Private Equity and Real Estate segments drove substantial gains in Performance Fees and Investment Income.
- 4Blackstone completed the acquisition of Strategic Partners Fund Solutions, adding $9.4 billion to AUM.
- 5The company's credit rating was upgraded to A+ by S&P, signifying strong financial health.
- 6Blackstone deployed $19.6 billion of capital across its funds, with nearly half deployed outside of North America for the first time.
- 7The company reported a net income attributable to The Blackstone Group L.P. of $1.17 billion, a significant increase from $218.6 million in 2012.