Blackstone (BX) FY2012 results: revenue $4.0 billion, up 23.6% on the year
Blackstone Inc. (BX) reported revenue of $4.0 billion for fiscal 2012, the year ended 31 December 2012, up 23.6% on the year before. Net income was $219 million, and diluted earnings per share $0.41. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2013.
Revenue
$4.0 billion
+23.6% on the year
FY2008FY2012
Operating margin
18.9%
-4.2% a year earlier
FY2008FY2012
Net income
$219 million
FY2008FY2012
Diluted EPS
$0.41
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
4,019
3,253
3,119
+23.6%
Operating income
759
-135
-1,025
Operating margin
18.9%
-4.2%
-32.8%
Interest expense
72.9
57.8
41.2
+26.0%
Pre-tax income
1,015
77.3
-523
+1,213.7%
Income tax
185
346
84.7
-46.5%
Effective tax rate
18.2%
447.5%
n/a
Net income
219
-168
-370
Net margin
5.4%
-5.2%
-11.9%
Diluted EPS
$0.41
-$0.35
-$1.02
$ million except per share. Read moreFree 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
583
1,100
-372
-47.0%
Capital expenditure
37.0
36.5
54.2
+1.5%
Free cash flow
546
1,063
-426
-48.6%
Free cash flow margin
13.6%
32.7%
-13.7%
Cash from investing
-223
-59.9
-76.2
Cash from financing
-405
-874
84.6
Depreciation and amortisation
173
239
186
-27.6%
Share-based compensation
950
1,396
2,440
-32.0%
Dividend per share
$0.52
$0.62
$0.60
-16.1%
Diluted shares, weighted
539m
476m
364m
+13.3%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Debt
13,194
8,969
7,362
+47.1%
Total liabilities and equity
28,932
21,909
18,845
+32.1%
Fixed assets
142
150
145
-4.9%
Goodwill
1,704
1,704
1,704
0.0%
Intangible assets
599
595
779
+0.5%
Cash and equivalents
710
755
589
-6.0%
Other assets
25,778
18,706
15,628
+37.8%
Total assets
28,932
21,909
18,845
+32.1%
10-K for the year ended 31 December 2012, filed 1 March 2013: the filing.