Blackstone (BX) FY2016 results: revenue $5.1 billion, up 10.8% on the year
Blackstone Inc. (BX) reported revenue of $5.1 billion for fiscal 2016, the year ended 31 December 2016, up 10.8% on the year before. Net income was $1.0 billion, up 46.4%, and diluted earnings per share $1.56. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2017.
Revenue
$5.1 billion
+10.8% on the year
FY2009FY2016
Operating margin
42.7%
33.5% a year earlier
FY2009FY2016
Net income
$1.0 billion
+46.4% on the year
FY2009FY2016
Diluted EPS
$1.56
+50.0% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
5,146
4,647
7,485
+10.8%
Operating income
2,197
1,556
3,629
+41.2%
Operating margin
42.7%
33.5%
48.5%
Interest expense
153
145
122
+5.6%
Pre-tax income
2,382
1,815
3,987
+31.3%
Income tax
132
190
291
-30.5%
Effective tax rate
5.6%
10.5%
7.3%
Net income
1,039
710
1,585
+46.4%
Net margin
20.2%
15.3%
21.2%
Diluted EPS
$1.56
$1.04
$2.58
+50.0%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
-88.6
2,397
1,655
Capital expenditure
21.8
59.2
30.3
-63.2%
Free cash flow
-110
2,338
1,625
Free cash flow margin
-2.1%
50.3%
21.7%
Cash from investing
-21.8
n/a
n/a
Cash from financing
570
n/a
n/a
Depreciation and amortisation
115
127
131
-9.8%
Share-based compensation
324
630
735
-48.6%
Dividend per share
$1.66
$2.90
$1.92
-42.8%
Diluted shares, weighted
1,195m
1,188m
613m
+0.6%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Redeemable equity
185
183
2,442
+1.1%
Debt
8,941
6,732
9,476
+32.8%
Total liabilities and equity
26,403
22,526
31,511
+17.2%
Fixed assets
127
136
136
-6.5%
Goodwill
1,719
1,719
1,787
0.0%
Intangible assets
263
346
459
-24.0%
Cash and equivalents
1,837
1,837
1,412
-0.0%
Other assets
22,458
18,489
27,716
+21.5%
Total assets
26,403
22,526
31,511
+17.2%
10-K for the year ended 31 December 2016, filed 24 February 2017: the filing.