Blackstone (BX) FY2022 results: revenue $8.5 billion, down 62.3% on the year
Blackstone Inc. (BX) reported revenue of $8.5 billion for fiscal 2022, the year ended 31 December 2022, down 62.3% on the year before. Net income was $1.7 billion, down 70.2%, and diluted earnings per share $2.36. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2023.
Revenue
$8.5 billion
-62.3% on the year
FY2015FY2022
Operating margin
41.6%
58.0% a year earlier
FY2015FY2022
Net income
$1.7 billion
-70.2% on the year
FY2015FY2022
Diluted EPS
$2.36
-71.0% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
6,336
3,986
1,936
+59.0%
Capital expenditure
235
64.3
112
+266.2%
Free cash flow
6,101
3,922
1,824
+55.6%
Free cash flow margin
71.6%
17.4%
29.9%
Cash from investing
-235
-64.3
-167
Cash from financing
-3,794
-3,777
-2,244
Depreciation and amortisation
136
127
106
+7.3%
Share-based compensation
846
637
438
+32.8%
Dividends paid
6,519
4,603
2,386
+41.6%
Dividend per share
$4.94
$3.57
$1.91
+38.4%
Diluted shares, weighted
741m
720m
697m
+2.9%
Shares outstanding at period end
710m
704m
684m
+0.8%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
7,656
9,423
6,652
-18.8%
Non-controlling interest
10,310
12,215
7,873
-15.6%
Redeemable equity
1,715
68.0
65.2
+2,421.0%
Debt
12,491
7,856
5,732
+59.0%
Other liabilities
10,352
11,635
5,946
-11.0%
Total liabilities and equity
42,524
41,196
26,269
+3.2%
Fixed assets
412
245
232
+68.3%
Goodwill
1,890
1,890
1,901
0.0%
Intangible assets
217
284
348
-23.6%
Cash and equivalents
4,252
2,120
1,999
+100.6%
Other assets
35,753
36,657
21,789
-2.5%
Total assets
42,524
41,196
26,269
+3.2%
10-K for the year ended 31 December 2022, filed 24 February 2023: the filing.