Blackstone (BX) FY2009 results: revenue $1.8 billion

Blackstone Inc. (BX) reported revenue of $1.8 billion for fiscal 2009, the year ended 31 December 2009. Net income was -$2.4 billion. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2011.

Revenue

$1.8 billion

FY2008FY2009

Operating margin

-139.2%

1355.6% a year earlier

FY2008FY2009

Net income

-$2.4 billion

FY2008FY2009

Diluted EPS

n/a

FY2008FY2009

this yearthe year beforeHover a bar for its figure.

The year in brief

Income statement (profit and loss)

$ million	FY2009	FY2008	On the year
Revenue	1,774	-349
Operating income	-2,468	-4,736
Operating margin	-139.2%	n/a
Interest expense	13.4	23.0	-41.8%
Pre-tax income	-2,291	-5,608
Income tax	99.2	-14.1
Net income	-2,391	-5,594
Net margin	-134.8%	n/a

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	FY2009	FY2008	On the year
Operating cash flow	412	1,890	-78.2%
Capital expenditure	23.6	50.1	-52.9%
Free cash flow	388	1,840	-78.9%
Free cash flow margin	21.9%	n/a
Cash from investing	-18.8	-382
Cash from financing	55.7	-1,874
Depreciation and amortisation	175	n/a
Share-based compensation	3,048	3,303	-7.7%

Balance sheet

$ million	FY2009	FY2008	On the year
Total liabilities and equity	9,409	n/a
Goodwill	1,704	n/a
Intangible assets	919	n/a
Cash and equivalents	952	504	+89.0%
Other assets	5,834	n/a
Total assets	9,409	n/a

10-K for the year ended 31 December 2009, filed 25 February 2011: the filing.