8-KEarnings & ResultsExhibits & Filings

Blackstone Inc. 8-K Report, Financial Results (Oct 16, 2014)

Filed October 16, 2014For Securities:BX

Summary

Blackstone Inc. (then The Blackstone Group L.P.) filed this Form 8-K on October 16, 2014, to announce its financial results for the third quarter ended September 30, 2014. The filing itself is brief, primarily serving as an attachment vehicle for the company's earnings press release and a detailed presentation. These attached documents contain the substantive financial performance information investors would be most interested in regarding the reported quarter. While the 8-K does not contain the specific financial figures, it directs investors to the press release and presentation for details on revenue, net income, assets under management, and segment performance. This is a standard practice for quarterly earnings announcements, allowing for a more comprehensive disclosure outside the restrictive format of an 8-K filing. Investors should refer to Exhibits 99.1 and 99.2 for the detailed financial and operational metrics.

Key Highlights

  • 1Blackstone announced its third quarter 2014 financial results on October 16, 2014.
  • 2The 8-K filing serves as a cover for the company's earnings press release and presentation.
  • 3Exhibit 99.1 contains the press release detailing the Q3 2014 financial performance.
  • 4Exhibit 99.2 provides a more in-depth presentation of the third quarter results.
  • 5The filing indicates that the information furnished is not officially 'filed' with the SEC, meaning it is not subject to the same liability as filed information.
  • 6Laurence A. Tosi, Chief Financial Officer, signed the report on behalf of the company.
  • 7The company's principal executive offices are located at 345 Park Avenue, New York, NY.

Frequently Asked Questions

The main purpose of this 8-K filing is to formally announce Blackstone's financial results for the third quarter ended September 30, 2014, by attaching the company's earnings press release and presentation.

The actual financial results are provided in Exhibits 99.1 (the press release) and 99.2 (the detailed presentation) which are attached to this 8-K filing. You would need to access these exhibits for the specific figures.

No, this 8-K is a current report for a specific event (earnings announcement). Blackstone would have separately filed (or would file) a Form 10-Q for a more comprehensive quarterly financial report which includes audited financial statements and more detailed disclosures.

When information is 'furnished' under an 8-K, it means the company is providing it to the SEC, but it is not subject to the same legal liability under Section 18 of the Exchange Act as information that is 'filed'. This is typical for earnings releases.