Blackstone Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	2020 - 2016
Net Income	3,019	2,777	1,391	1,748	5,857	Upgrade
Depreciation & Amortization, Total	135.01	134.72	134.2	136.3	127.07	Upgrade
Gain (Loss) On Sale of Investments	-5,308	-4,660	-2,306	-4,646	-8,698	Upgrade
Stock-Based Compensation	3,394	3,110	1,461	1,778	6,797	Upgrade
Change in Accounts Receivable	-211.94	-78.28	237.62	177.83	288.31	Upgrade
Change in Accounts Payable	514.28	194.58	-40.28	158.02	110.96	Upgrade
Change in Other Net Operating Assets	831.72	257.39	1,364	3,718	1,791	Upgrade
Other Operating Activities	2,289	1,746	1,816	3,266	-2,288	Upgrade
Operating Cash Flow	4,663	3,482	4,057	6,336	3,986	Upgrade
Capital Expenditures	-115.7	-61.41	-224.23	-235.5	-64.32	Upgrade
Cash Acquisitions	-	-	-5.42	-	-	Upgrade
Investing Cash Flow	-115.7	-61.41	-229.65	-235.5	-64.32	Upgrade
Long-Term Debt Issued	2,814	741.17	494.98	3,522	2,223	Upgrade
Long-Term Debt Repaid	-1,813	-103.22	-502.46	-280.77	-	Upgrade
Net Debt Issued (Repaid)	1,001	637.95	-7.49	3,241	2,223	Upgrade
Repurchase of Common Stock	-312.48	-661.07	-418.02	-465.96	-1,273	Upgrade
Common Dividends Paid	-3,636	-2,629	-2,478	-3,647	-2,545	Upgrade
Other Financing Activities	-931.35	-1,849	-2,150	-2,922	-2,181	Upgrade
Financing Cash Flow	-3,879	-4,502	-5,054	-3,794	-3,777	Upgrade
Foreign Exchange Rate Adjustments	9.84	-14.56	4.99	-12.32	-9.81	Upgrade
Net Cash Flow	678.49	-1,096	-1,222	2,294	135.28	Upgrade
Free Cash Flow	4,547	3,420	3,833	6,101	3,922	Upgrade
Free Cash Flow Growth	32.96%	-10.76%	-37.18%	55.56%	114.97%	Upgrade
Free Cash Flow Margin	32.00%	27.01%	49.88%	76.11%	17.68%	Upgrade
Free Cash Flow Per Share	5.83	4.46	5.07	8.23	5.45	Upgrade
Cash Interest Paid	463.53	407.33	400.33	261.89	194.17	Upgrade
Cash Income Tax Paid	562.56	646.87	569.38	683.17	700.69	Upgrade

Source: S&P Capital IQ. Capital Markets template. Financial Sources.