Blackstone (BX) FY2021 results: revenue $22.6 billion, up 270.0% on the year
Blackstone Inc. (BX) reported revenue of $22.6 billion for fiscal 2021, the year ended 31 December 2021, up 270.0% on the year before. Net income was $5.9 billion, up 460.3%, and diluted earnings per share $8.13. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.
Revenue
$22.6 billion
+270.0% on the year
FY2014FY2021
Operating margin
58.0%
43.0% a year earlier
FY2014FY2021
Net income
$5.9 billion
+460.3% on the year
FY2014FY2021
Diluted EPS
$8.13
+442.0% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
3,986
1,936
1,963
+105.9%
Capital expenditure
64.3
112
60.3
-42.4%
Free cash flow
3,922
1,824
1,903
+115.0%
Free cash flow margin
17.4%
29.9%
25.9%
Cash from investing
-64.3
-167
-60.3
Cash from financing
-3,777
-2,244
-1,921
Depreciation and amortisation
127
106
97.3
+19.7%
Share-based compensation
637
438
417
+45.4%
Dividends paid
4,603
2,386
2,397
+92.9%
Dividend per share
$3.57
$1.91
$1.92
+86.9%
Diluted shares, weighted
720m
697m
676m
+3.3%
Shares outstanding at period end
704m
684m
n/a
+3.0%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
9,423
6,652
7,010
+41.7%
Non-controlling interest
12,215
7,873
8,006
+55.1%
Redeemable equity
68.0
65.2
87.7
+4.4%
Debt
7,856
5,732
11,542
+37.0%
Other liabilities
11,635
5,946
5,941
+95.7%
Total liabilities and equity
41,196
26,269
32,586
+56.8%
Fixed assets
245
232
154
+5.5%
Goodwill
1,890
1,901
1,870
-0.6%
Intangible assets
284
348
398
-18.3%
Cash and equivalents
2,120
1,999
2,172
+6.0%
Other assets
36,657
21,789
27,991
+68.2%
Total assets
41,196
26,269
32,586
+56.8%
10-K for the year ended 31 December 2021, filed 25 February 2022: the filing.