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Dec 31, 2021

BlackStone Q4 2021 Earnings Report

Blackstone achieved record inflows and AUM, driven by outstanding investment performance.

Key Takeaways

Blackstone reported a remarkable finish to a record-breaking year with strong fourth quarter results. The company's limited partners entrusted them with $270 billion of inflows in 2021, with assets under management rising 42% to $881 billion.

Fee Related Earnings (FRE) of $1.8 billion ($1.52/share) in the quarter, up 144% year-over-year.

Distributable Earnings (DE) of $2.3 billion ($1.71/share) in the quarter, up 55% year-over-year.

Total Assets Under Management (AUM) of $880.9 billion, up 42% year-over-year.

Inflows of $154.8 billion in the quarter.

Total Revenue
$4.46B
Previous year: $3.63B
+22.8%
EPS
$1.71
Previous year: $1.13
+51.3%
Fee-Earning AUM
$650B
Previous year: $469B
+38.5%
Inflows
$155B
Gross Profit
$4.2B
Previous year: -$615M
-783.3%
Cash and Equivalents
$2.12B
Previous year: $2B
+6.1%
Free Cash Flow
-$834M
Previous year: $269M
-409.7%
Total Assets
$41.2B
Previous year: $26.3B
+56.8%

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BlackStone Revenue by Segment

Forward Guidance

The document does not contain specific forward guidance, but it expresses optimism about future performance.

Revenue & Expenses

Visualization of income flow from segment revenue to net income