Blackstone (BX) FY2023 results: revenue $8.0 billion, down 5.8% on the year
Blackstone Inc. (BX) reported revenue of $8.0 billion for fiscal 2023, the year ended 31 December 2023, down 5.8% on the year before. Net income was $1.4 billion, down 20.4%, and diluted earnings per share $1.84. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2024.
Revenue
$8.0 billion
-5.8% on the year
FY2016FY2023
Operating margin
37.9%
41.6% a year earlier
FY2016FY2023
Net income
$1.4 billion
-20.4% on the year
FY2016FY2023
Diluted EPS
$1.84
-22.0% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
4,057
6,336
3,986
-36.0%
Capital expenditure
224
235
64.3
-4.8%
Free cash flow
3,833
6,101
3,922
-37.2%
Free cash flow margin
47.8%
71.6%
17.4%
Cash from investing
-230
-235
-64.3
Cash from financing
-5,054
-3,794
-3,777
Depreciation and amortisation
134
136
127
-1.6%
Share-based compensation
988
846
637
+16.7%
Dividends paid
4,268
6,519
4,603
-34.5%
Dividend per share
$3.32
$4.94
$3.57
-32.8%
Diluted shares, weighted
755m
741m
720m
+2.0%
Shares outstanding at period end
719m
710m
704m
+1.3%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
6,817
7,656
9,423
-11.0%
Non-controlling interest
10,079
10,310
12,215
-2.2%
Redeemable equity
1,179
1,715
68.0
-31.2%
Debt
11,606
12,491
7,856
-7.1%
Other liabilities
10,606
10,352
11,635
+2.5%
Total liabilities and equity
40,288
42,524
41,196
-5.3%
Fixed assets
543
412
245
+31.8%
Goodwill
1,890
1,890
1,890
0.0%
Intangible assets
201
217
284
-7.4%
Cash and equivalents
2,956
4,252
2,120
-30.5%
Other assets
34,698
35,753
36,657
-3.0%
Total assets
40,288
42,524
41,196
-5.3%
10-K for the year ended 31 December 2023, filed 23 February 2024: the filing.