Blackstone Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	6,096	6,047	5,438	2,444	2,989	12,375
Depreciation & Amortization	36.08	36.02	35.97	40.08	67.1	74.87
Stock-Based Compensation	1,535	1,445	1,168	987.55	846.35	637.44
Other Adjustments	-3,997	-3,999	-3,534	-976.12	-1,620	-11,292
Changes in Trading Assets	3,558	2,872	1,913	2,179	5,139	4,531
Change in Receivables	-797.67	-398.41	-465.04	569.25	832.12	-836.36
Changes in Accounts Payable	-70.59	390.18	211.51	45.45	275.24	192.89
Changes in Accrued Expenses	-1,754	-1,494	-1,212	-1,072	-2,197	-1,693
Changes in Other Operating Activities	-61.13	-235.87	-74.06	-160.89	4.94	-4.79
Operating Cash Flow	4,545	4,663	3,482	4,057	6,336	3,986
Operating Cash Flow Growth	24.48%	33.93%	-14.18%	-35.97%	58.96%	105.89%
Capital Expenditures	-119.83	-115.7	-61.41	-224.23	-235.5	-64.32
Payments for Business Acquisitions	-	-	-	-5.42	-	-
Investing Cash Flow	-119.83	-115.7	-61.41	-229.65	-235.5	-64.32
Long-Term Debt Issued	2,689	2,814	741.17	494.98	3,522	2,223
Long-Term Debt Repaid	-1,800	-1,813	-103.22	-502.46	-280.77	0
Net Long-Term Debt Issued (Repaid)	889.33	1,001	637.95	-7.49	3,241	2,223
Repurchase of Common Stock	-278.7	-312.48	-661.07	-418.02	-465.96	-1,273
Net Common Stock Issued (Repurchased)	-278.7	-312.48	-661.07	-418.02	-465.96	-1,273
Common Dividends Paid	-6,073	-6,013	-4,424	-4,268	-6,519	-4,603
Other Financing Activities	350.17	1,446	-54.27	-359.94	-50.49	-123.79
Financing Cash Flow	-5,112	-3,879	-4,502	-5,054	-3,794	-3,777
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-7.94	9.84	-14.56	4.99	-	-
Net Cash Flow	-694.76	678.49	-1,096	-1,222	2,306	145.08
Free Cash Flow	4,425	4,547	3,420	3,833	6,101	3,922
Free Cash Flow Growth	-2.69%	32.96%	-10.76%	-37.18%	55.56%	114.97%
FCF Margin	29.94%	31.47%	25.85%	47.77%	71.62%	17.37%
Free Cash Flow Per Share	5.65	5.83	4.46	5.07	8.23	5.45
Levered Free Cash Flow	5,532	5,473	4,228	2,191	8,042	11,118
Unlevered Free Cash Flow	7,736	7,571	6,583	3,678	6,388	15,175

SEC Filings: 10-K · 10-Q