Blackstone Tax Provision vs Net Income Analysis

BX Stock

USD 177.46 1.16 0.66%

Blackstone financial indicator trend analysis is way more than just evaluating Blackstone Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Blackstone Group is a good investment. Please check the relationship between Blackstone Tax Provision and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Blackstone Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Tax Provision vs Net Income

Tax Provision vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Blackstone Group Tax Provision account and Net Income. At this time, the significance of the direction appears to have strong relationship.

The correlation between Blackstone's Tax Provision and Net Income is 0.72. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Net Income in the same time period over historical financial statements of Blackstone Group, assuming nothing else is changed. The correlation between historical values of Blackstone's Tax Provision and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tax Provision of Blackstone Group are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Tax Provision i.e., Blackstone's Tax Provision and Net Income go up and down completely randomly.

Correlation Coefficient

0.72

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Blackstone Group financial statement analysis. It represents the amount of money remaining after all of Blackstone Group operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Blackstone's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Blackstone Group current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Blackstone Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

At this time, Blackstone's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.17 in 2024, whereas Tax Provision is likely to drop slightly above 463.7 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	8.3B	3.6B	7.4B	7.8B
Total Revenue	16.7B	7.1B	7.7B	5.4B

Gross Profit Total Revenue

Blackstone fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Short Long Term Debt Total	Other Current Liab	Other Liab	Accounts Payable	Long Term Debt	Common Stock Total Equity	Short Term Investments	Non Current Liabilities Total
Total Assets		0.16	0.52	0.37	0.66	0.6	0.33	0.15	-0.23	0.79	0.55	-0.17	-0.7	0.18	0.91	-0.04	-0.53	-0.41	0.49	-0.32	0.42	0.4	0.49	-0.45	0.38	0.14
Total Stockholder Equity	0.16		0.23	-0.66	0.29	-0.21	-0.16	0.27	-0.39	-0.03	0.3	0.0	-0.02	0.83	-0.07	-0.29	-0.38	-0.46	-0.5	-0.34	-0.05	-0.37	-0.64	-0.34	0.28	-0.43
Property Plant And Equipment Net	0.52	0.23		-0.18	0.54	0.66	-0.46	0.76	0.02	0.67	0.85	-0.22	-0.88	0.61	0.37	0.15	-0.59	-0.86	-0.13	-0.85	0.04	0.49	-0.03	-0.89	0.71	0.42
Net Debt	0.37	-0.66	-0.18		-0.08	0.19	0.44	-0.25	0.09	0.19	-0.17	-0.29	-0.07	-0.63	0.65	0.05	0.33	0.35	0.8	0.32	0.19	0.49	0.96	0.27	-0.27	0.45
Retained Earnings	0.66	0.29	0.54	-0.08		0.39	0.19	0.02	0.05	0.71	0.33	-0.06	-0.63	0.32	0.45	0.34	-0.43	-0.55	-0.07	-0.52	0.12	-0.01	-0.04	-0.58	0.59	-0.12
Cash	0.6	-0.21	0.66	0.19	0.39		0.0	0.35	0.03	0.73	0.56	0.18	-0.85	0.05	0.55	0.14	-0.64	-0.43	0.29	-0.43	0.09	0.61	0.37	-0.51	0.5	0.32
Non Current Assets Total	0.33	-0.16	-0.46	0.44	0.19	0.0		-0.79	-0.43	0.21	-0.46	0.15	0.06	-0.44	0.3	-0.24	0.09	0.41	0.48	0.53	0.29	-0.22	0.35	0.36	-0.28	-0.36
Other Assets	0.15	0.27	0.76	-0.25	0.02	0.35	-0.79		0.03	0.12	0.77	-0.16	-0.4	0.53	0.11	-0.1	-0.34	-0.54	-0.19	-0.55	-0.02	0.58	-0.1	-0.51	0.37	0.59
Cash And Short Term Investments	-0.23	-0.39	0.02	0.09	0.05	0.03	-0.43	0.03		-0.11	-0.14	-0.3	0.05	-0.22	-0.09	0.92	0.27	-0.03	-0.02	-0.25	-0.18	0.09	0.06	-0.06	0.15	0.08
Net Receivables	0.79	-0.03	0.67	0.19	0.71	0.73	0.21	0.12	-0.11		0.61	0.0	-0.89	0.22	0.67	0.15	-0.64	-0.59	0.18	-0.55	0.1	0.34	0.33	-0.67	0.61	0.17
Good Will	0.55	0.3	0.85	-0.17	0.33	0.56	-0.46	0.77	-0.14	0.61		-0.07	-0.72	0.6	0.41	-0.09	-0.58	-0.72	-0.06	-0.66	0.08	0.45	0.03	-0.72	0.7	0.41
Common Stock Shares Outstanding	-0.17	0.0	-0.22	-0.29	-0.06	0.18	0.15	-0.16	-0.3	0.0	-0.07		0.11	-0.18	-0.22	-0.35	-0.41	0.29	-0.28	0.29	-0.29	-0.18	-0.18	0.29	-0.07	-0.2
Other Current Assets	-0.7	-0.02	-0.88	-0.07	-0.63	-0.85	0.06	-0.4	0.05	-0.89	-0.72	0.11		-0.39	-0.57	-0.19	0.64	0.77	-0.12	0.73	-0.09	-0.45	-0.22	0.84	-0.72	-0.28
Other Stockholder Equity	0.18	0.83	0.61	-0.63	0.32	0.05	-0.44	0.53	-0.22	0.22	0.6	-0.18	-0.39		-0.02	-0.07	-0.45	-0.84	-0.55	-0.75	-0.21	-0.18	-0.56	-0.76	0.62	-0.16
Total Liab	0.91	-0.07	0.37	0.65	0.45	0.55	0.3	0.11	-0.09	0.67	0.41	-0.22	-0.57	-0.02		0.02	-0.34	-0.25	0.6	-0.22	0.26	0.52	0.76	-0.3	0.23	0.29
Total Current Assets	-0.04	-0.29	0.15	0.05	0.34	0.14	-0.24	-0.1	0.92	0.15	-0.09	-0.35	-0.19	-0.07	0.02		0.13	-0.25	-0.06	-0.43	-0.17	-0.03	0.01	-0.29	0.36	-0.09
Intangible Assets	-0.53	-0.38	-0.59	0.33	-0.43	-0.64	0.09	-0.34	0.27	-0.64	-0.58	-0.41	0.64	-0.45	-0.34	0.13		0.53	0.16	0.5	0.01	-0.21	0.11	0.53	-0.39	0.07
Common Stock	-0.41	-0.46	-0.86	0.35	-0.55	-0.43	0.41	-0.54	-0.03	-0.59	-0.72	0.29	0.77	-0.84	-0.25	-0.25	0.53		0.35	0.96	0.14	-0.07	0.25	0.99	-0.82	-0.04
Short Long Term Debt Total	0.49	-0.5	-0.13	0.8	-0.07	0.29	0.48	-0.19	-0.02	0.18	-0.06	-0.28	-0.12	-0.55	0.6	-0.06	0.16	0.35		0.38	0.58	0.51	0.8	0.27	-0.26	0.34
Other Current Liab	-0.32	-0.34	-0.85	0.32	-0.52	-0.43	0.53	-0.55	-0.25	-0.55	-0.66	0.29	0.73	-0.75	-0.22	-0.43	0.5	0.96	0.38		0.25	-0.13	0.21	0.96	-0.79	-0.1
Other Liab	0.42	-0.05	0.04	0.19	0.12	0.09	0.29	-0.02	-0.18	0.1	0.08	-0.29	-0.09	-0.21	0.26	-0.17	0.01	0.14	0.58	0.25		0.12	0.21	0.12	-0.23	-0.02
Accounts Payable	0.4	-0.37	0.49	0.49	-0.01	0.61	-0.22	0.58	0.09	0.34	0.45	-0.18	-0.45	-0.18	0.52	-0.03	-0.21	-0.07	0.51	-0.13	0.12		0.59	-0.14	0.03	0.85
Long Term Debt	0.49	-0.64	-0.03	0.96	-0.04	0.37	0.35	-0.1	0.06	0.33	0.03	-0.18	-0.22	-0.56	0.76	0.01	0.11	0.25	0.8	0.21	0.21	0.59		0.15	-0.17	0.5
Common Stock Total Equity	-0.45	-0.34	-0.89	0.27	-0.58	-0.51	0.36	-0.51	-0.06	-0.67	-0.72	0.29	0.84	-0.76	-0.3	-0.29	0.53	0.99	0.27	0.96	0.12	-0.14	0.15		-0.83	-0.1
Short Term Investments	0.38	0.28	0.71	-0.27	0.59	0.5	-0.28	0.37	0.15	0.61	0.7	-0.07	-0.72	0.62	0.23	0.36	-0.39	-0.82	-0.26	-0.79	-0.23	0.03	-0.17	-0.83		0.03
Non Current Liabilities Total	0.14	-0.43	0.42	0.45	-0.12	0.32	-0.36	0.59	0.08	0.17	0.41	-0.2	-0.28	-0.16	0.29	-0.09	0.07	-0.04	0.34	-0.1	-0.02	0.85	0.5	-0.1	0.03

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Blackstone Account Relationship Matchups

Blackstone fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	32.6B	26.3B	41.2B	42.5B	40.3B	27.8B
Total Stockholder Equity	7.0B	6.7B	9.4B	7.7B	6.8B	6.7B
Property Plant And Equipment Net	625.5M	758.8M	1.0B	897.0M	1.4B	1.5B
Net Debt	9.6B	4.3B	6.6B	9.2B	9.0B	6.5B
Cash	2.2B	2.0B	2.1B	4.3B	3.3B	3.4B
Non Current Assets Total	25.2B	18.8B	32.0B	30.6B	6.1M	5.8M
Other Assets	1.6B	1.4B	1.8B	3.1B	37.3B	39.2B
Cash And Short Term Investments	2.2B	2.0B	2.1B	4.3B	3.3B	4.6B
Net Receivables	3.6B	4.1B	5.3B	4.6B	4.7B	2.7B
Common Stock Shares Outstanding	676.2M	697.3M	720.1M	740.9M	755.4M	616.9M
Liabilities And Stockholders Equity	32.6B	26.3B	41.2B	42.5B	40.3B	27.8B
Other Current Assets	(6.1B)	(6.2B)	(7.5B)	(9.1B)	(7.9B)	(7.5B)
Other Stockholder Equity	6.4B	6.3B	5.8B	4.2B	5.5B	5.8B
Total Current Assets	5.7B	6.1B	7.4B	8.9B	3.0B	5.8B
Short Long Term Debt Total	11.8B	6.3B	8.7B	13.5B	12.3B	9.0B
Other Current Liab	(806.2M)	(717.1M)	(937.2M)	(1.2B)	(2.4B)	(2.3B)
Other Liab	1.1B	1.1B	1.9B	2.3B	2.0B	1.3B
Accounts Payable	806.2M	717.1M	937.2M	1.2B	2.3B	2.4B
Long Term Debt	11.1B	5.6B	7.7B	12.3B	14.2B	7.8B
Non Current Liabilities Total	11.8B	6.3B	8.7B	1.2B	22.2B	23.3B
Property Plant Equipment	625.5M	526.9M	789.0M	897.0M	1.0B	1.1B
Total Current Liabilities	806.2M	717.1M	937.2M	1.2B	2.4B	2.3B
Non Currrent Assets Other	(1.1B)	(1.2B)	(1.6B)	(2.1B)	(32.1B)	(30.5B)
Property Plant And Equipment Gross	625.5M	758.8M	1.3B	1.6B	1.8B	1.9B
Short Term Debt	238.8M	168.8M	178.1M	232.1M	163.0M	154.9M
Net Tangible Assets	4.8B	4.5B	7.2B	7.3B	6.5B	7.2B
Long Term Debt Total	11.1B	5.6B	7.7B	12.3B	14.2B	10.3B
Long Term Investments	22.3B	15.6B	28.7B	27.6B	26.3B	22.7B
Non Current Liabilities Other	772.7M	748.7M	993.9M	1.1B	1.3B	1.3B

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Blackstone Tax Provision vs Net Income Analysis

Tax Provision vs Net Income

Tax Provision vs Net Income Correlation Analysis

Correlation Coefficient

Tax Provision

Net Income

Blackstone fundamental ratios Correlations

Blackstone Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Blackstone fundamental ratios Accounts

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Additional Tools for Blackstone Stock Analysis

COMMON DESTINATIONS

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COMPANY

Common Stock Total Equity	+ 0.99	Common Stock
Long Term Debt	+ 0.96	Net Debt
Other Current Liab	+ 0.96	Common Stock
Common Stock Total Equity	+ 0.96	Other Current Liab
Total Current Assets	+ 0.92	Cash And Short Term Investments
Total Liab	+ 0.91	Total Assets

Other Current Assets	- 0.89	Net Receivables
Common Stock Total Equity	- 0.89	Property Plant And Equipment Net
Other Current Assets	- 0.88	Property Plant And Equipment Net
Common Stock	- 0.86	Property Plant And Equipment Net
Other Current Assets	- 0.85	Cash
Other Current Liab	- 0.85	Property Plant And Equipment Net