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
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
Net Income	-	2,777	1,391	1,748	5,857
Depreciation & Amortization, Total	-	134.77	134.18	136.3	127.07
Gain (Loss) On Sale of Investments	-	-4,660	-2,306	-4,646	-8,698
Stock-Based Compensation	-	3,110	1,461	1,778	6,797
Change in Accounts Receivable	-	-78.28	237.62	177.83	288.31
Change in Accounts Payable	-	194.58	-40.28	158.02	110.96
Change in Other Net Operating Assets	-	257.39	1,364	3,718	1,791
Other Operating Activities	-	1,746	1,816	3,266	-2,288
Operating Cash Flow	-	3,482	4,057	6,336	3,986
Capital Expenditures	-	-61.41	-224.23	-235.5	-64.32
Cash Acquisitions	-	-	-5.42	-	-
Investing Cash Flow	-	-61.41	-229.65	-235.5	-64.32
Long-Term Debt Issued	-	741.17	494.98	3,522	2,223
Long-Term Debt Repaid	-	-103.22	-502.46	-280.77	-
Net Debt Issued (Repaid)	-	637.95	-7.49	3,241	2,223
Repurchase of Common Stock	-	-661.07	-418.02	-465.96	-1,273
Common Dividends Paid	-	-2,629	-2,478	-3,647	-2,545
Other Financing Activities	-	-1,849	-2,150	-2,922	-2,181
Financing Cash Flow	-	-4,502	-5,054	-3,794	-3,777
Foreign Exchange Rate Adjustments	-	-14.56	4.99	-12.32	-9.81
Net Cash Flow	-	-1,096	-1,222	2,294	135.28
Free Cash Flow	-	3,420	3,833	6,101	3,922
Free Cash Flow Growth	-	-10.76%	-37.18%	55.56%	114.97%
Free Cash Flow Margin	-	27.01%	49.88%	76.11%	17.68%
Free Cash Flow Per Share	-	4.46	5.07	8.23	5.45
Cash Interest Paid	-	407.33	400.33	261.89	194.17
Cash Income Tax Paid	-	646.87	569.38	683.17	700.69

Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.