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AI English summary of an SEC filing — figures as filed

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The company said GAAP Net Income was $109 million for Q4 and $2.4 billion for the year, and GAAP Net Income Attributable to Blackstone Inc. was $152 million for Q4 and $1.4 billion for the year.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said GAAP Net Income was $109 million for Q4 and $2.4 billion for the year, and GAAP Net Income Attributable to Blackstone Inc. was $152 million for Q4 and $1.4 billion for the year.

  2. Blackstone said Fee Related Earnings (FRE) was $1.0 billion ($0.86 per share) and Distributable Earnings (DE) was $1.4 billion ($1.11 per share) for Q4. For the year, it said FRE was $4.3 billion and DE was $5.1 billion.

  3. The company said its total AUM at the end of 2023 was $1,040.2 billion, up 7% from a year earlier, and that inflows were $52.7 billion in Q4 and $148.5 billion for the year.

  4. The company declared a quarterly dividend of $0.94 per share, payable on February 12, 2024. It said it expects to distribute $1.2 billion to shareholders for Q4 through dividends and share repurchases, and $4.7 billion for the year.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

Q4 and Full-Year GAAP Net Income

The company said GAAP Net Income was $109 million for Q4 and $2.4 billion for the year, and GAAP Net Income Attributable to Blackstone Inc. was $152 million for Q4 and $1.4 billion for the year.

Source · Based on the filing body and exhibits

Q4 FRE and DE

Blackstone said Fee Related Earnings (FRE) was $1.0 billion ($0.86 per share) and Distributable Earnings (DE) was $1.4 billion ($1.11 per share) for Q4. For the year, it said FRE was $4.3 billion and DE was $5.1 billion.

Source · Based on the filing body and exhibits

Total AUM and Inflows

The company said its total AUM at the end of 2023 was $1,040.2 billion, up 7% from a year earlier, and that inflows were $52.7 billion in Q4 and $148.5 billion for the year.

Source · Based on the filing body and exhibits

Dividends and Shareholder Returns

The company declared a quarterly dividend of $0.94 per share, payable on February 12, 2024. It said it expects to distribute $1.2 billion to shareholders for Q4 through dividends and share repurchases, and $4.7 billion for the year.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.