# Blackstone Inc. (BX) FY2026 Q1 Statement of Cash Flows

- Company: Blackstone Inc. (BX)
- Period: 2026-01-01 to 2026-03-31
- Filing: Q1 FY2026 10-Q, filed 2026-05-08, accession number 0001193125-26-214609
- Page: https://plicit.ai/financials/bx/fy2026-q1-cash-flow
- Chart image: https://plicit.ai/charts/bx-fy2026-q1-cash-flow-sankey.png

## Chart details

Cash flows for Jan 1, 2026 through Mar 31, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. Ending cash: Mar 31, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

- **Beginning cash on Dec 31, 2025**: 2,854,682,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- **Operating activities**: 991,046,000 US dollars. Net cash provided.
- **Net Realized Gains on Investments**: negative 1,434,843,000 US dollars
- **Changes in Unrealized (Gains) Losses on Investments**: 317,115,000 US dollars
- **Non-Cash Performance Allocations**: negative 283,452,000 US dollars
- **Non-Cash Performance Allocations and Incentive Fee Compensation**: 577,518,000 US dollars
- **Equity-Based Compensation Expense**: 560,862,000 US dollars
- **Amortization of Intangibles**: 9,035,000 US dollars
- **Other Non-Cash Amounts Included in Net Income**: negative 201,230,000 US dollars
- **Accounts Receivable**: negative 366,998,000 US dollars
- **Due from Affiliates**: 238,420,000 US dollars
- **Other Assets**: 154,786,000 US dollars
- **Accrued Compensation and Benefits**: negative 709,726,000 US dollars
- **Accounts Payable, Accrued Expenses and Other Liabilities**: 176,546,000 US dollars
- **Due to Affiliates**: negative 24,181,000 US dollars
- **Investments Purchased**: negative 910,198,000 US dollars
- **Cash Proceeds from Sale of Investments**: 1,628,693,000 US dollars
- **Net Income**: 1,257,907,000 US dollars
- **Cash Relinquished with Deconsolidation of Fund Entities**: negative 38,000 US dollars
- **Cash Acquired with Consolidation of Fund Entities**: 830,000 US dollars
- **Investing activities**: negative 33,409,000 US dollars. Net cash used.
- **Purchase of Furniture, Equipment and Leasehold Improvements**: negative 33,409,000 US dollars
- **Financing activities**: negative 1,093,941,000 US dollars. Net cash used.
- **Distributions to Non-Controlling Interest Holders in Consolidated Entities**: negative 356,296,000 US dollars
- **Contributions from Non-Controlling Interest Holders in Consolidated Entities**: 458,136,000 US dollars
- **Payments Under Tax Receivable Agreement**: negative 63,820,000 US dollars
- **Net Settlement of Vested Common Stock and Repurchase of Common Stock**: negative 66,347,000 US dollars
- **Proceeds from Loans Payable**: 900,000,000 US dollars
- **Repayment and Repurchase of Loans Payable**: negative 47,686,000 US dollars
- **Dividends/Distributions to Stockholders and Unitholders**: negative 1,917,928,000 US dollars
- **Operating adjustment reconciliation**: 3,930,666,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- **financing gross reconciliation**: 2,452,077,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- **investing gross reconciliation**: 33,409,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- **Exchange-rate effect**: negative 7,938,000 US dollars
- **Ending cash on Mar 31, 2026**: 2,710,440,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- **Cash sources and uses**: 3,845,728,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- **Net cash change**: negative 144,242,000 US dollars. Ending cash minus beginning cash.
- **Cash flow / Net income**: 0.79×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
- **Operating cash flow**: 991,046,000 US dollars. Operating cash flow used in the free cash flow calculation.
- **Cash purchases of property, plant and equipment**: 33,409,000 US dollars. These cash purchases are already included in investing activities above.
- **Free cash flow**: 957,637,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

### Chart connections

- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net income exceeds operating cash. The diagram allocates $991.05M of net income directly to operating cash and $266.86M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of cash receipts.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 991,046,000 US dollars minus 33,409,000 US dollars equals 957,637,000 US dollars.