Exhibit 99.4
ITEM 8A. UNAUDITED SUPPLEMENTAL PRESENTATION OF STATEMENTS OF FINANCIAL CONDITION
THE BLACKSTONE GROUP L.P.
Unaudited Condensed Consolidated Statements of Financial Condition
(Dollars in Thousands)
| December 31, 2008 | |||||||||||||||
| Consolidated Operating Partnerships | Consolidated Blackstone Funds (a) | Reclasses and Eliminations | Consolidated | ||||||||||||
Assets | |||||||||||||||
Cash and Cash Equivalents | $ | 503,737 | $ | — | $ | — | $ | 503,737 | |||||||
Cash Held by Blackstone Funds and Other | 57,536 | 849,788 | — | 907,324 | |||||||||||
Investments | 1,650,071 | 1,385,132 | (204,261 | ) | 2,830,942 | ||||||||||
Accounts Receivable | 309,201 | 2,866 | — | 312,067 | |||||||||||
Due from Brokers | — | 48,506 | — | 48,506 | |||||||||||
Investment Subscriptions Paid in Advance | 6,697 | — | (4,781 | ) | 1,916 | ||||||||||
Due from Affiliates | 1,057,362 | 216 | (196,144 | ) | 861,434 | ||||||||||
Intangible Assets, Net | 1,077,526 | — | — | 1,077,526 | |||||||||||
Goodwill | 1,703,602 | — | — | 1,703,602 | |||||||||||
Other Assets | 169,333 | 222 | — | 169,555 | |||||||||||
Deferred Tax Assets | 845,578 | — | — | 845,578 | |||||||||||
Total Assets | $ | 7,380,643 | $ | 2,286,730 | $ | (405,186 | ) | $ | 9,262,187 | ||||||
Liabilities and Partners’ Capital | |||||||||||||||
Loans Payable | $ | 387,000 | $ | — | $ | — | $ | 387,000 | |||||||
Amounts Due to Non-Controlling Interest Holders | 105,942 | 1,009,780 | (12,299 | ) | 1,103,423 | ||||||||||
Securities Sold, Not Yet Purchased | — | 894 | — | 894 | |||||||||||
Due to Affiliates | 1,064,980 | 362,526 | (141,929 | ) | 1,285,577 | ||||||||||
Accrued Compensation and Benefits | 410,593 | 2,866 | — | 413,459 | |||||||||||
Accounts Payable, Accrued Expenses and Other Liabilities | 176,418 | 112,699 | (108,858 | ) | 180,259 | ||||||||||
Total Liabilities | 2,144,933 | 1,488,765 | (263,086 | ) | 3,370,612 | ||||||||||
Redeemable Non-Controlling Interests in Consolidated Entities | — | — | 362,462 | 362,462 | |||||||||||
Partners’ Capital | |||||||||||||||
Partners’ Capital | 3,509,448 | 504,562 | (504,562 | ) | 3,509,448 | ||||||||||
Accumulated Other Comprehensive Income | (291 | ) | — | — | (291 | ) | |||||||||
Non-Controlling Interests in Consolidated Entities | (95,206 | ) | 293,403 | — | 198,197 | ||||||||||
Non-Controlling Interests in Blackstone Holdings | 1,821,759 | — | — | 1,821,759 | |||||||||||
Total Partners’ Capital | 5,235,710 | 797,965 | (504,562 | ) | 5,529,113 | ||||||||||
Total Liabilities and Partners’ Capital | $ | 7,380,643 | $ | 2,286,730 | $ | (405,186 | ) | $ | 9,262,187 | ||||||
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THE BLACKSTONE GROUP L.P.
Unaudited Condensed Consolidated Statements of Financial Condition
(Dollars in Thousands)
| December 31, 2007 | |||||||||||||
| Consolidated Operating Partnerships | Consolidated Blackstone Funds (a) | Reclasses and Eliminations | Consolidated | ||||||||||
Assets | |||||||||||||
Cash and Cash Equivalents | $ | 868,629 | $ | — | $ | — | $ | 868,629 | |||||
Cash Held by Blackstone Funds and Other | 102,638 | 61,058 | — | 163,696 | |||||||||
Investments | 4,012,408 | 3,509,683 | (376,935 | ) | 7,145,156 | ||||||||
Accounts Receivable | 206,403 | 6,743 | (60 | ) | 213,086 | ||||||||
Due from Brokers | — | 812,250 | — | 812,250 | |||||||||
Investment Subscriptions Paid in Advance | 3,092 | 34,549 | (943 | ) | 36,698 | ||||||||
Due from Affiliates | 771,687 | 84,167 | — | 855,854 | |||||||||
Intangible Assets, Net | 604,681 | — | — | 604,681 | |||||||||
Goodwill | 1,597,474 | — | — | 1,597,474 | |||||||||
Other Assets | 97,891 | 1,475 | — | 99,366 | |||||||||
Deferred Tax Assets | 778,355 | — | — | 778,355 | |||||||||
Total Assets | $ | 9,043,258 | $ | 4,509,925 | $ | (377,938 | ) | $ | 13,175,245 | ||||
Liabilities and Partners’ Capital | |||||||||||||
Loans Payable | $ | 130,389 | $ | — | $ | — | $ | 130,389 | |||||
Amounts Due to Non-Controlling Interest Holders | 153,844 | 117,000 | (943 | ) | 269,901 | ||||||||
Securities Sold, Not Yet Purchased | — | 1,196,858 | — | 1,196,858 | |||||||||
Due to Affiliates | 831,364 | 245 | — | 831,609 | |||||||||
Accrued Compensation and Benefits | 188,997 | — | — | 188,997 | |||||||||
Accounts Payable, Accrued Expenses and Other Liabilities | 261,063 | 12,143 | — | 273,206 | |||||||||
Total Liabilities | 1,565,657 | 1,326,246 | (943 | ) | 2,890,960 | ||||||||
Redeemable Non-Controlling Interests in Consolidated Entities | — | 1,694,821 | 743,445 | 2,438,266 | |||||||||
Partners’ Capital | |||||||||||||
Partners’ Capital | 4,226,500 | 1,120,440 | (1,120,440 | ) | 4,226,500 | ||||||||
Accumulated Other Comprehensive Income | 345 | — | — | 345 | |||||||||
Non-Controlling Interests in Consolidated Entities | 147,468 | 368,418 | — | 515,886 | |||||||||
Non-Controlling Interests in Blackstone Holdings | 3,103,288 | — | — | 3,103,288 | |||||||||
Total Partners’ Capital | 7,477,601 | 1,488,858 | (1,120,440 | ) | 7,846,019 | ||||||||
Total Liabilities and Partners’ Capital | $ | 9,043,258 | $ | 4,509,925 | $ | (377,938 | ) | $ | 13,175,245 | ||||
| (a) | The consolidated Blackstone Funds consisted of the following: |
BDD Affiliate Fund II LLC
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BDD Affiliates Fund LLC
Blackstone Corporate Opportunities Master Fund L.P.
Blackstone Distressed Securities Fund L.P.
Blackstone Employee Fund L.P.
Blackstone Kailix Affiliates Fund II LLC
Blackstone Kailix Affiliates Fund LLC
Blackstone Kailix Fund L.P.
Blackstone Market Opportunities Fund L.P.
Blackstone Strategic Alliance Fund L.P.
Blackstone Strategic Equity Fund L.P.
Blackstone Value Recovery Fund L.P.
GSO Legacy Associates 2 LLC
GSO Legacy Associates LLC
The Asia Opportunities Fund L.P.
Corporate private equity side-by-side investment vehicles
Real estate side-by-side investment vehicles
Mezzanine fund side-by-side investment vehicles
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