Blackstone Inc. — Cash Flow Charts
8 quarters of history · ending 2025-12-31 · SEC EDGAR
Source:10-K · 10-Q
Capital Allocation
How management deploys cash: investing in the business (Capex + M&A) vs returning to shareholders (Buybacks + Dividends).
Capital Allocation Waterfall
Buybacks vs Stock-Based Comp
Net Debt Issuance
Cash Flow
Cash Flow by Activity
Operating Cash Flow↑+561.6% +$906M
$1.07B
Free Cash Flow↑+599.2% +$896M
$1.05B
Investing Cash Flow↓-64.9% -$12M
$-29M
Financing Cash Flow↑+109.2% +$1.66B
$139M
Capex↑+88.0% +$10M
$22M
Acquisitions
$0
Dividends Paid↑+46.8% +$509M
$1.60B
Stock-Based Comp↑+26.9% +$76M
$359M
Debt Issued↑+114.1% +$846M
$1.59B
Debt Repaid↑+4565.5% +$887M
$907M
SBC Allocated Expense↑+26.9% +$76M
$359M
SBC Unrecognized Cost↓-50.0% -$100M
$100M