2015 Q4 Form 10-Q Financial Statement
#000119312515354712 Filed on October 27, 2015
Income Statement
Concept | 2015 Q4 | 2015 Q3 | 2014 Q3 |
---|---|---|---|
Revenue | $128.4M | $138.4M | $50.39M |
YoY Change | 120.4% | 174.6% | 167.26% |
Cost Of Revenue | $46.30M | $51.30M | $19.90M |
YoY Change | 116.36% | 157.79% | 352.27% |
Gross Profit | $82.10M | $87.00M | $30.50M |
YoY Change | 123.1% | 185.25% | 111.81% |
Gross Profit Margin | 63.94% | 62.88% | 60.53% |
Selling, General & Admin | $22.40M | $19.10M | $8.800M |
YoY Change | 83.61% | 117.05% | 120.0% |
% of Gross Profit | 27.28% | 21.95% | 28.85% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $22.40M | $19.10M | $8.800M |
YoY Change | 83.61% | 117.05% | 87.23% |
Operating Profit | $59.70M | $67.90M | $21.70M |
YoY Change | 142.68% | 212.9% | 123.71% |
Interest Expense | $6.000M | $51.33M | $19.90M |
YoY Change | -36.17% | 157.9% | 351.62% |
% of Operating Profit | 10.05% | 75.59% | 91.72% |
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | $65.70M | $67.86M | $23.48M |
YoY Change | 158.66% | 188.97% | 128.83% |
Income Tax | $100.0K | $81.00K | -$118.0K |
% Of Pretax Income | 0.15% | 0.12% | -0.5% |
Net Earnings | $65.26M | $66.89M | $22.02M |
YoY Change | 203.69% | 203.71% | 164.71% |
Net Earnings / Revenue | 50.83% | 48.34% | 43.71% |
Basic Earnings Per Share | $0.45 | ||
Diluted Earnings Per Share | $696.9K | $716.3K | $0.45 |
COMMON SHARES | |||
Basic Shares Outstanding | 93.21M shares | 93.23M shares | 48.48M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2015 Q4 | 2015 Q3 | 2014 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $96.00M | $139.0M | $63.00M |
YoY Change | 84.62% | 120.63% | 530.0% |
Cash & Equivalents | $96.45M | $138.6M | $63.34M |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $96.00M | $139.0M | $63.00M |
YoY Change | 84.62% | 120.63% | 530.0% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $9.441M | $7.000M | $15.00M |
YoY Change | -14.17% | -53.33% | -42.31% |
Other Assets | $10.00M | $9.000M | $11.00M |
YoY Change | -16.67% | -18.18% | -85.53% |
Total Long-Term Assets | $9.281B | $9.713B | $4.035B |
YoY Change | 105.29% | 140.69% | 157.48% |
TOTAL ASSETS | |||
Total Short-Term Assets | $96.00M | $139.0M | $63.00M |
Total Long-Term Assets | $9.281B | $9.713B | $4.035B |
Total Assets | $9.377B | $9.852B | $4.098B |
YoY Change | 105.05% | 140.38% | 159.84% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | |||
YoY Change | |||
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $1.896B |
YoY Change | -100.0% | 194.87% | |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $1.896B | ||
YoY Change | 194.87% | ||
LONG-TERM LIABILITIES | |||
Long-Term Debt | $6.777B | $7.257B | $609.0M |
YoY Change | 125.07% | 1091.63% | 633.73% |
Other Long-Term Liabilities | $94.00M | $95.00M | $83.00M |
YoY Change | 54.1% | 14.46% | 76.6% |
Total Long-Term Liabilities | $6.871B | $7.352B | $692.0M |
YoY Change | 123.67% | 962.43% | 432.31% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.896B | ||
Total Long-Term Liabilities | $6.871B | $7.352B | $692.0M |
Total Liabilities | $6.871B | $7.352B | $2.589B |
YoY Change | 123.67% | 184.0% | 234.55% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$545.8M | -$552.9M | -$538.7M |
YoY Change | -0.33% | 2.63% | 1.66% |
Common Stock | $3.071B | $3.067B | $2.023B |
YoY Change | 51.44% | 51.61% | 62.69% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $2.493B | $2.487B | $1.478B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $9.377B | $9.852B | $4.098B |
YoY Change | 105.05% | 140.38% | 159.84% |
Cashflow Statement
Concept | 2015 Q4 | 2015 Q3 | 2014 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $65.26M | $66.89M | $22.02M |
YoY Change | 203.69% | 203.71% | 164.71% |
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | $66.80M | $98.20M | $23.50M |
YoY Change | 189.18% | 317.87% | 135.0% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $370.8M | $529.5M | -$418.5M |
YoY Change | -167.94% | -226.52% | -21.39% |
Cash From Investing Activities | $370.8M | $529.5M | -$418.5M |
YoY Change | -167.94% | -226.52% | -21.39% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -479.5M | -594.6M | 339.6M |
YoY Change | -193.73% | -275.09% | -28.19% |
NET CHANGE | |||
Cash From Operating Activities | 66.80M | 98.20M | 23.50M |
Cash From Investing Activities | 370.8M | 529.5M | -418.5M |
Cash From Financing Activities | -479.5M | -594.6M | 339.6M |
Net Change In Cash | -41.90M | 33.10M | -55.40M |
YoY Change | 277.48% | -159.75% | 11.92% |
FREE CASH FLOW | |||
Cash From Operating Activities | $66.80M | $98.20M | $23.50M |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2015Q3 | bxmt |
Percentage Of Loans Subject To Yield Maintenance Lock Out Provisions Other Prepayment Restrictions
PercentageOfLoansSubjectToYieldMaintenanceLockOutProvisionsOtherPrepaymentRestrictions
|
0.65 | pure |
CY2015Q3 | bxmt |
Percentage Of Loans Open To Repayment By Borrower
PercentageOfLoansOpenToRepaymentByBorrower
|
0.35 | pure |
CY2015Q3 | bxmt |
Debt Instrument Covenant Minimum Percentage Of Cash Liquidity On Recourse Indebtedness
DebtInstrumentCovenantMinimumPercentageOfCashLiquidityOnRecourseIndebtedness
|
0.05 | pure |
CY2015Q3 | bxmt |
Equity Investments And Other Receivables Carrying Value
EquityInvestmentsAndOtherReceivablesCarryingValue
|
2900000 | |
CY2015Q3 | bxmt |
Number Of Loans Receivable Outstanding
NumberOfLoansReceivableOutstanding
|
76 | Loans |
CY2015Q3 | bxmt |
Underlying Loans Principal Balance
UnderlyingLoansPrincipalBalance
|
618470000 | |
CY2014Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1509859000 | |
CY2014Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
63343000 | |
CY2015Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2015Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
100000000 | shares |
CY2015Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2015Q3 | us-gaap |
Secured Debt Repurchase Agreements
SecuredDebtRepurchaseAgreements
|
6585654000 | |
CY2015Q3 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
3066662000 | |
CY2015Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2487125000 | |
CY2015Q3 | us-gaap |
Members Equity
MembersEquity
|
9300000 | |
CY2015Q3 | us-gaap |
Members Equity Attributable To Noncontrolling Interest
MembersEquityAttributableToNoncontrollingInterest
|
13000000 | |
CY2015Q3 | us-gaap |
Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
|
368000 | |
CY2015Q3 | bxmt |
Loans Receivable Number Of Loans
LoansReceivableNumberOfLoans
|
0 | |
CY2015Q3 | us-gaap |
Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
|
9377591000 | |
CY2015Q3 | us-gaap |
Interest Receivable And Other Assets
InterestReceivableAndOtherAssets
|
319118000 | |
CY2015Q3 | us-gaap |
Asset Backed Securities At Carrying Value
AssetBackedSecuritiesAtCarryingValue
|
10200000 | |
CY2015Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
138600000 | |
CY2015Q3 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
7496000 | |
CY2015Q3 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
3730000 | |
CY2015Q3 | bxmt |
Libor Average Floor Rate
LiborAverageFloorRate
|
0.0064 | pure |
CY2015Q3 | bxmt |
Number Of Benefit Plans
NumberOfBenefitPlans
|
5 | Plans |
CY2015Q3 | bxmt |
Debt Instrument Covenant Requirement On Consolidated Tangible Net Worth Minimum
DebtInstrumentCovenantRequirementOnConsolidatedTangibleNetWorthMinimum
|
1900000000 | |
CY2015Q3 | bxmt |
Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
|
738300000 | |
CY2015Q3 | us-gaap |
Participating Mortgage Loans Participation Liabilities Amount
ParticipatingMortgageLoansParticipationLiabilitiesAmount
|
507200000 | |
CY2015Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-552881000 | |
CY2015Q3 | us-gaap |
Liabilities
Liabilities
|
7351706000 | |
CY2015Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
9851868000 | |
CY2015Q3 | us-gaap |
Limited Liability Company Llc Members Equity Including Portion Attributable To Noncontrolling Interest
LimitedLiabilityCompanyLlcMembersEquityIncludingPortionAttributableToNoncontrollingInterest
|
22300000 | |
CY2015Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2500162000 | |
CY2015Q3 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
95153000 | |
CY2015Q3 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
0 | |
CY2015Q3 | us-gaap |
Minority Interest
MinorityInterest
|
13037000 | |
CY2015Q3 | bxmt |
Stock Shares Authorized
StockSharesAuthorized
|
300000000 | shares |
CY2015Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
43600000 | |
CY2015Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-27588000 | |
CY2015Q3 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
163699000 | |
CY2015Q3 | us-gaap |
Principal Amount Outstanding On Loans Managed And Securitized
PrincipalAmountOutstandingOnLoansManagedAndSecuritized
|
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CY2015Q3 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
0 | |
CY2015Q3 | us-gaap |
Assets
Assets
|
9851868000 | |
CY2015Q3 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
9063000 | |
CY2014Q4 | us-gaap |
Minority Interest
MinorityInterest
|
35515000 | |
CY2014Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-15024000 | |
CY2014Q4 | us-gaap |
Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
|
19000000 | |
CY2014Q4 | us-gaap |
Principal Amount Outstanding On Loans Managed And Securitized
PrincipalAmountOutstandingOnLoansManagedAndSecuritized
|
4462897000 | |
CY2014Q4 | us-gaap |
Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
|
32000000 | |
CY2015Q3 | bxmt |
Percentage Of Book Value
PercentageOfBookValue
|
1.00 | pure |
CY2015Q3 | bxmt |
Floating Rate Loans
FloatingRateLoans
|
1100000000 | |
CY2015Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
93213042 | shares |
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Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
756750000 | |
CY2013Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
52342000 | |
CY2014Q4 | us-gaap |
Secured Debt Repurchase Agreements
SecuredDebtRepurchaseAgreements
|
2365336000 | |
CY2014Q4 | us-gaap |
Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
|
0 | |
CY2014Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
2027404000 | |
CY2014Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1465371000 | |
CY2014Q4 | us-gaap |
Members Equity
MembersEquity
|
25300000 | |
CY2014Q4 | us-gaap |
Members Equity Attributable To Noncontrolling Interest
MembersEquityAttributableToNoncontrollingInterest
|
35500000 | |
CY2014Q4 | us-gaap |
Participating Mortgage Loans Participation Liabilities Amount
ParticipatingMortgageLoansParticipationLiabilitiesAmount
|
499433000 | |
CY2014Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-547592000 | |
CY2014Q4 | us-gaap |
Liabilities
Liabilities
|
3087635000 | |
CY2014Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
4588521000 | |
CY2014Q4 | us-gaap |
Limited Liability Company Llc Members Equity Including Portion Attributable To Noncontrolling Interest
LimitedLiabilityCompanyLlcMembersEquityIncludingPortionAttributableToNoncontrollingInterest
|
60800000 | |
CY2014Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1500886000 | |
CY2014Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
61013000 | |
CY2014Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
0 | |
CY2014Q4 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
161853000 | |
CY2014Q4 | bxmt |
Percentage Of Loans Receivable By Type
PercentageOfLoansReceivableByType
|
0.14 | pure |
CY2014Q4 | bxmt |
Libor Average Floor Rate
LiborAverageFloorRate
|
0.0031 | pure |
CY2014Q4 | bxmt |
Percentage Of Book Value
PercentageOfBookValue
|
1.00 | pure |
CY2014Q4 | bxmt |
Loans And Leases Receivable Net Reported Default Amount
LoansAndLeasesReceivableNetReportedDefaultAmount
|
0 | |
CY2014Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
0 | |
CY2014Q4 | us-gaap |
Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
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0 | |
CY2014Q4 | us-gaap |
Assets
Assets
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4588521000 | |
CY2014Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
11591000 | |
CY2014Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
159000000 | |
CY2014Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
51810000 | |
CY2014Q4 | bxmt |
Percentage Of Loans Subject To Yield Maintenance Lock Out Provisions Other Prepayment Restrictions
PercentageOfLoansSubjectToYieldMaintenanceLockOutProvisionsOtherPrepaymentRestrictions
|
0.85 | pure |
CY2014Q4 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
10604000 | |
CY2014Q4 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
1138000 | |
CY2014Q4 | bxmt |
Percentage Of Loans Open To Repayment By Borrower
PercentageOfLoansOpenToRepaymentByBorrower
|
0.15 | pure |
CY2014Q4 | bxmt |
Underlying Loans Principal Balance
UnderlyingLoansPrincipalBalance
|
635701000 | |
CY2014Q4 | us-gaap |
Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
|
4428500000 | |
CY2014Q4 | us-gaap |
Interest Receivable And Other Assets
InterestReceivableAndOtherAssets
|
86016000 | |
CY2015Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.62 | |
CY2014Q4 | us-gaap |
Loans Receivable With Fixed Rates Of Interest1
LoansReceivableWithFixedRatesOfInterest1
|
0 | |
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
1.52 | ||
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
763407000 | ||
us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
126507000 | ||
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.46 | ||
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
45093314 | shares | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
68555000 | ||
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-7003000 | ||
us-gaap |
Interest Paid
InterestPaid
|
35977000 | ||
us-gaap |
Profit Loss
ProfitLoss
|
75157000 | ||
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
55399000 | ||
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
78810000 | ||
CY2015Q3 | us-gaap |
Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
|
0 | |
CY2015Q3 | us-gaap |
Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
|
16100000 | |
CY2015Q3 | us-gaap |
Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
|
0 | |
us-gaap |
Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
8184000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
57460000 | ||
CY2015Q3 | bxmt |
Percentage Of Compensation Form Of Deferred Stock Units
PercentageOfCompensationFormOfDeferredStockUnits
|
0.60 | pure |
CY2015Q3 | bxmt |
Number Of Directors
NumberOfDirectors
|
8 | Directors |
CY2015Q3 | bxmt |
Number Of Directors Eligible For Annual Compensation
NumberOfDirectorsEligibleForAnnualCompensation
|
5 | Directors |
CY2015Q3 | bxmt |
Percentage Of Compensation Paid In Cash
PercentageOfCompensationPaidInCash
|
0.40 | pure |
CY2014Q4 | us-gaap |
Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
|
0 | |
CY2014Q4 | us-gaap |
Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
|
0 | |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
5552000 | ||
us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
7604000 | ||
us-gaap |
Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
|
20794000 | ||
us-gaap |
Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
|
2297545000 | ||
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
68154000 | ||
us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-7003000 | ||
us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
6602000 | ||
us-gaap |
Interest Expense
InterestExpense
|
47697000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-1867100000 | ||
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
24294000 | ||
us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
1482000 | ||
us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
2511285000 | ||
us-gaap |
Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
|
403189000 | ||
us-gaap |
Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
|
12763000 | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
412000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
6824000 | ||
us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
14125000 | ||
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
6842000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
1822250000 | ||
us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
759000 | ||
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
61552000 | ||
us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
1718996000 | ||
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
12780000 | ||
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
75569000 | ||
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
1398000 | ||
us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
5554000 | ||
us-gaap |
Dividends Common Stock
DividendsCommonStock
|
70962000 | ||
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
6602000 | ||
us-gaap |
Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
|
-13323000 | ||
bxmt |
Non Cash And Legacy Compensation Expenses
NonCashAndLegacyCompensationExpenses
|
18035000 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
763407000 | ||
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
-1609000 | ||
us-gaap |
Management Fee Expense
ManagementFeeExpense
|
13219000 | ||
us-gaap |
Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
12610000 | ||
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
7357000 | ||
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
21920000 | ||
us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
13323000 | ||
us-gaap |
Professional Fees
ProfessionalFees
|
1733000 | ||
us-gaap |
Dividends Cash
DividendsCash
|
28892000 | ||
us-gaap |
Noninterest Expense
NoninterestExpense
|
35139000 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001061630 | ||
bxmt |
Loan Participation Sold
LoanParticipationSold
|
368850000 | ||
bxmt |
Core General And Administrative Expenses
CoreGeneralAndAdministrativeExpenses
|
3215000 | ||
bxmt |
Proceeds From Loan Origination And Exit Fees
ProceedsFromLoanOriginationAndExitFees
|
28015000 | ||
bxmt |
Adjustments To Additional Paid In Capital Deferred Compensation
AdjustmentsToAdditionalPaidInCapitalDeferredCompensation
|
281000 | ||
bxmt |
Proceeds From Sale Of Loan Participation
ProceedsFromSaleOfLoanParticipation
|
368850000 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
us-gaap |
Nature Of Operations
NatureOfOperations
|
<div> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> <b>1. ORGANIZATION</b></p> <p style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> References herein to “Blackstone Mortgage Trust,” “Company,” “we,” “us” or “our” refer to Blackstone Mortgage Trust, Inc. and its subsidiaries unless the context specifically requires otherwise.</p> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> Blackstone Mortgage Trust is a real estate finance company that originates and purchases senior loans collateralized by properties in North America and Europe. We are externally managed by BXMT Advisors L.L.C., or our Manager, a subsidiary of The Blackstone Group L.P., or Blackstone, and are a real estate investment trust, or REIT, traded on the New York Stock Exchange, or NYSE, under the symbol “BXMT.” We are headquartered in New York City.</p> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> We conduct our operations as a REIT for U.S. federal income tax purposes. We generally will not be subject to U.S. federal income taxes on our taxable income to the extent that we annually distribute all of our net taxable income to stockholders and maintain our qualification as a REIT. We also operate our business in a manner that permits us to maintain our exemption from registration under the Investment Company Act of 1940, as amended, or the Investment Company Act. We are organized as a holding company and conduct our business primarily through our various subsidiaries.</p> </div> | ||
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
104610000 | ||
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
2 | Segment | |
us-gaap |
Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
|
2015-09-30 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2015 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | ||
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
1.69 | ||
us-gaap |
Deferred Revenue Description
DeferredRevenueDescription
|
Income accrual is generally suspended for loans at the earlier of the date at which payments become 90 days past due or when, in the opinion of our Manager, recovery of income and principal becomes doubtful. | ||
dei |
Document Type
DocumentType
|
10-Q | ||
us-gaap |
Additional Cash And Cash Equivalent Related Text
AdditionalCashAndCashEquivalentRelatedText
|
Cash and cash equivalents represent cash held in banks, cash on hand, and liquid investments with original maturities of three months or less. | ||
us-gaap |
Management Fee Description
ManagementFeeDescription
|
Manager is entitled to an incentive fee in an amount equal to the product of (i) 20% and (ii) the excess of (a) our Core Earnings (as defined in our management agreement) for the previous 12-month period over (b) an amount equal to 7.00% per annum multiplied by our outstanding Equity, provided that our Core Earnings over the prior three-year period (or the period since the date of the first offering of our class A common stock following December 19, 2012, whichever is shorter) is greater than zero. Core Earnings, as defined in our management agreement, is generally equal to our net income (loss) prepared in accordance with GAAP, excluding (i) certain non-cash items (ii) the net income (loss) related to our legacy portfolio and (iii) incentive management fees. | ||
us-gaap |
Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
|
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt" align="justify">The following table outlines the key terms of our revolving repurchase facilities:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt">  </p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"><!-- Begin Table Head --> <tr> <td width="45%"></td> <td valign="bottom" width="3%"></td> <td style="WIDTH: 14pt"></td> <td></td> <td></td> <td style="WIDTH: 14pt"></td> <td valign="bottom" width="3%"></td> <td style="WIDTH: 21pt"></td> <td></td> <td></td> <td style="WIDTH: 21pt"></td> <td valign="bottom" width="3%"></td> <td style="WIDTH: 26pt"></td> <td></td> <td></td> <td style="WIDTH: 26pt"></td> <td valign="bottom" width="3%"></td> <td style="WIDTH: 24pt"></td> <td></td> <td></td> <td style="WIDTH: 24pt"></td> <td valign="bottom" width="3%"></td> <td style="WIDTH: 26pt"></td> <td></td> <td></td> <td style="WIDTH: 26pt"></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman"> <td valign="bottom" nowrap="nowrap"> <p style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; BORDER-BOTTOM: rgb(0,0,0) 1pt solid; WIDTH: 24.9pt"> <b>Lender</b></p> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="4" nowrap="nowrap" align="center"><b>Rate<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)(2)</sup></b></td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="4" nowrap="nowrap" align="center"><b>Guarantee<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></b></td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="4" nowrap="nowrap" align="center"> <b>Advance Rate<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></b></td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="4" nowrap="nowrap" align="center"><b>Margin Call<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></b></td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="4" nowrap="nowrap" align="center"> <b>Term/Maturity</b></td> </tr> <!-- End Table Head --><!-- Begin Table Body --> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; TEXT-INDENT: -1em"> Bank of America</p> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">L+1.69%</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">50%</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">79.5%</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="4"> Collateral marks only</td> <td valign="bottom">  </td> <td valign="bottom" colspan="4" nowrap="nowrap" align="center"> May 21, 2019<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; TEXT-INDENT: -1em"> Wells Fargo</p> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">L+1.80%</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">25%</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">79.3%</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="4">Collateral marks only</td> <td valign="bottom">  </td> <td valign="bottom" colspan="4" nowrap="nowrap" align="center">Term matched<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(6)</sup></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; TEXT-INDENT: -1em"> JP Morgan</p> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">L+1.81%</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">25%</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">80.4%</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="4">Collateral marks only</td> <td valign="bottom">  </td> <td valign="bottom" colspan="4" nowrap="nowrap" align="center"> Term matched<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(6)(7)</sup></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; TEXT-INDENT: -1em"> Citibank</p> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">L+1.93%</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">25%</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">77.7%</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="4">Collateral marks only</td> <td valign="bottom">  </td> <td valign="bottom" colspan="4" nowrap="nowrap" align="center"> Term matched<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(6)</sup></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; TEXT-INDENT: -1em"> MetLife</p> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">L+1.79%</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">50%</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">78.1%</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="4">Collateral marks only</td> <td valign="bottom">  </td> <td valign="bottom" colspan="4" nowrap="nowrap" align="center"> February 24, 2021<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(8)</sup></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; TEXT-INDENT: -1em"> Morgan Stanley</p> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">L+2.34%</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">25%</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">78.5%</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="4">Collateral marks only</td> <td valign="bottom">  </td> <td valign="bottom" colspan="4" nowrap="nowrap" align="center"> March 3, 2017</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; TEXT-INDENT: -1em"> Société Générale</p> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">L+1.60%</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">25%</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">80.0%</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="4">Collateral marks only</td> <td valign="bottom">  </td> <td valign="bottom" colspan="4" nowrap="nowrap" align="center">July 13, 2018<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(9)</sup></td> </tr> <!-- End Table Body --></table> <p style="MARGIN-BOTTOM: 2pt; BORDER-BOTTOM: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt; LINE-HEIGHT: 8pt; WIDTH: 10%">  </p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="4%" align="left">(1)</td> <td valign="top" align="left"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" align="justify">Represents a weighted-average based on borrowings outstanding and collateral assets pledged as of September 30, 2015.</p> </td> </tr> </table> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="4%" align="left">(2)</td> <td valign="top" align="left"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" align="justify">Represents weighted-average cash coupon on borrowings outstanding as of September 30, 2015. As of September 30, 2015, our floating rate loans and related liabilities were indexed to the various benchmark rates relevant in each case in terms of currency and payment frequency. Therefore the net exposure to each benchmark rate is in direct proportion to our net assets indexed to that rate.</p> </td> </tr> </table> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="4%" align="left">(3)</td> <td valign="top" align="left"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" align="justify">Other than amounts guaranteed based on specific collateral asset types, borrowings under our revolving repurchase facilities are not recourse to us.</p> </td> </tr> </table> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="4%" align="left">(4)</td> <td valign="top" align="left"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" align="justify">Margin call provisions under our revolving repurchase facilities do not permit valuation adjustments based on capital markets activity, and are limited to collateral-specific credit marks.</p> </td> </tr> </table> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="4%" align="left">(5)</td> <td valign="top" align="left"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" align="justify">Includes two one-year extension options which may be exercised at our sole discretion.</p> </td> </tr> </table> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="4%" align="left">(6)</td> <td valign="top" align="left"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" align="justify">These revolving repurchase facilities have various availability periods during which new advances can be made and which are generally subject to each lender’s discretion. Maturity dates for advances outstanding are tied to the term of each respective collateral asset.</p> </td> </tr> </table> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="4%" align="left">(7)</td> <td valign="top" align="left"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" align="justify">Borrowings denominated in British pound sterling under this facility mature on January 7, 2018.</p> </td> </tr> </table> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="4%" align="left">(8)</td> <td valign="top" align="left"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" align="justify">Includes five one-year extension options which may be exercised at our sole discretion.</p> </td> </tr> </table> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="4%" align="left">(9)</td> <td valign="top" align="left"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" align="justify">Includes a one-year extension option which, subject to certain provisions, may be exercised at our discretion.</p> </td> </tr> </table> </div> | ||
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.66 | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
BLACKSTONE MORTGAGE TRUST, INC. | ||
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt"> <b>Use of Estimates</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> The preparation of consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may ultimately differ from those estimates.</p> </div> | ||
us-gaap |
Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
|
2015-09-14 | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2015-09-30 | ||
us-gaap |
Interest Expense
InterestExpense
|
106125000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-5193831000 | ||
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
1029535000 | ||
us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
14920000 | ||
us-gaap |
Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
|
0 | ||
us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
13000 | ||
us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
282249000 | ||
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
146719000 | ||
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
9599000 | ||
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
125000 | ||
us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
22108000 | ||
us-gaap |
Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
|
6807347000 | ||
us-gaap |
Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
|
1584189000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
5173559000 | ||
us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
14724000 | ||
dei |
Trading Symbol
TradingSymbol
|
BXMT | ||
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
77752247 | shares | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
131564000 | ||
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-12564000 | ||
us-gaap |
Interest Paid
InterestPaid
|
85494000 | ||
us-gaap |
Profit Loss
ProfitLoss
|
146288000 | ||
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
109178000 | ||
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
176124000 | ||
us-gaap |
Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
28679000 | ||
us-gaap |
Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
|
14920000 | ||
us-gaap |
Payments For Proceeds From Derivative Instrument Financing Activities
PaymentsForProceedsFromDerivativeInstrumentFinancingActivities
|
-11911000 | ||
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
133724000 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
1029535000 | ||
us-gaap |
Payments For Participation Liabilities
PaymentsForParticipationLiabilities
|
238164000 | ||
us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-27484000 | ||
us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
-2528000 | ||
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
119000000 | ||
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
5677000 | ||
us-gaap |
Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
|
25489000 | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
431000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
14470000 | ||
us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
5007000 | ||
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
14684000 | ||
us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
1783000 | ||
us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
6560426000 | ||
us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
2279837000 | ||
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
19932000 | ||
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
2452000 | ||
us-gaap |
Management Fee Expense
ManagementFeeExpense
|
28535000 | ||
us-gaap |
Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
84338000 | ||
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
6114000 | ||
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
28655000 | ||
us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
256000000 | ||
us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
37202000 | ||
us-gaap |
Professional Fees
ProfessionalFees
|
2375000 | ||
us-gaap |
Dividends Cash
DividendsCash
|
57800000 | ||
bxmt |
Underlying Loans Yield Description
UnderlyingLoansYieldDescription
|
L+4.15 % | ||
bxmt |
Dividend Paid Date
DividendPaidDate
|
2015-10-15 | ||
bxmt |
Commitments Expiration Period
CommitmentsExpirationPeriod
|
P4Y | ||
bxmt |
Number Of Loans Underlying
NumberOfLoansUnderlying
|
3 | Loans | |
bxmt |
Non Cash And Legacy Compensation Expenses
NonCashAndLegacyCompensationExpenses
|
14638000 | ||
bxmt |
Number Of Equal Quarterly Installments
NumberOfEqualQuarterlyInstallments
|
4 | Installments | |
us-gaap |
Noninterest Expense
NoninterestExpense
|
57190000 | ||
us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
9601000 | ||
us-gaap |
Dividends Common Stock
DividendsCommonStock
|
136674000 | ||
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
14724000 | ||
us-gaap |
Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
|
-37202000 | ||
bxmt |
Incentive Fee Computation Percent Of Average Outstanding Equity Per Annum
IncentiveFeeComputationPercentOfAverageOutstandingEquityPerAnnum
|
0.0700 | pure | |
bxmt |
Underlying Loans Coupon Rate Description
UnderlyingLoansCouponRateDescription
|
L+3.93 % | ||
bxmt |
Annual Distribution Of Net Taxable Income Percentage
AnnualDistributionOfNetTaxableIncomePercentage
|
0.90 | pure | |
bxmt |
Loan Participation Sold
LoanParticipationSold
|
17836000 | ||
bxmt |
Number Of Loans
NumberOfLoans
|
132 | ||
bxmt |
Number Of Senior Loan Participations Sold
NumberOfSeniorLoanParticipationsSold
|
1 | Participants | |
bxmt |
Debt Instrument Covenant Minimum Percentage Of Tangible Net Worth On Net Cash Proceed Of Equity Issuances
DebtInstrumentCovenantMinimumPercentageOfTangibleNetWorthOnNetCashProceedOfEquityIssuances
|
0.75 | pure | |
bxmt |
Computed Management Fee Percent Of Average Outstanding Equity Balance
ComputedManagementFeePercentOfAverageOutstandingEquityBalance
|
0.0150 | pure | |
bxmt |
Participations Sold Loan Coupon Rate Description
ParticipationsSoldLoanCouponRateDescription
|
L+2.38 % | ||
bxmt |
Excise Tax Rate
ExciseTaxRate
|
0.04 | pure | |
bxmt |
Incentive Fee Computation Percent Of Product Per Agreement
IncentiveFeeComputationPercentOfProductPerAgreement
|
0.20 | pure | |
bxmt |
Net Taxable Income Subject To Distribution Percent
NetTaxableIncomeSubjectToDistributionPercent
|
1.00 | pure | |
bxmt |
Core General And Administrative Expenses
CoreGeneralAndAdministrativeExpenses
|
13741000 | ||
bxmt |
Proceeds From Loan Origination And Exit Fees
ProceedsFromLoanOriginationAndExitFees
|
26799000 | ||
bxmt |
Participations Sold Loan Yield Description
ParticipationsSoldLoanYieldDescription
|
L+2.49 % | ||
bxmt |
Plan Adoption Date
PlanAdoptionDate
|
2014-03-25 | ||
bxmt |
Operating Losses Carryforwards Expiration Dates
OperatingLossesCarryforwardsExpirationDates
|
Expire in 2029 | ||
bxmt |
Number Of Loan Participations Sold
NumberOfLoanParticipationsSold
|
3 | Loans | |
bxmt |
Adjustments To Additional Paid In Capital Deferred Compensation
AdjustmentsToAdditionalPaidInCapitalDeferredCompensation
|
281000 | ||
bxmt |
Proceeds From Sale Of Loan Participation
ProceedsFromSaleOfLoanParticipation
|
256000000 | ||
CY2015Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
58631000 | |
CY2015Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
67859000 | |
CY2015Q1 | us-gaap |
Proceeds From Loan Originations1
ProceedsFromLoanOriginations1
|
320000000 | |
CY2015Q2 | us-gaap |
Proceeds From Loan Originations1
ProceedsFromLoanOriginations1
|
590000000 | |
CY2014 | bxmt |
Number Of Loans Underlying
NumberOfLoansUnderlying
|
4 | Loans |
CY2014 | bxmt |
Number Of Loans
NumberOfLoans
|
60 | |
CY2014 | bxmt |
Number Of Loan Participations Sold
NumberOfLoanParticipationsSold
|
4 | Loans |
CY2014Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.45 | |
CY2014Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.50 | |
CY2014Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
49211205 | shares |
CY2014Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
22024000 | |
CY2014Q3 | us-gaap |
Profit Loss
ProfitLoss
|
23601000 | |
CY2014Q3 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
30483000 | |
CY2014Q3 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
50386000 | |
CY2014Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
13092000 | |
CY2014Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
23483000 | |
CY2014Q3 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
1780000 | |
CY2015Q3 | us-gaap |
Noninterest Expense
NoninterestExpense
|
19108000 | |
CY2014Q3 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
14669000 | |
CY2014Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-8932000 | |
CY2015Q3 | us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
3095000 | |
CY2014Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-118000 | |
CY2014Q3 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
451000 | |
CY2015Q3 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
-82000 | |
CY2015Q3 | us-gaap |
Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
|
14891000 | |
CY2014Q3 | us-gaap |
Interest Expense
InterestExpense
|
19903000 | |
CY2014Q3 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
1577000 | |
CY2014Q3 | us-gaap |
Management Fee Expense
ManagementFeeExpense
|
5412000 | |
CY2014Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3368000 | |
CY2014Q3 | us-gaap |
Professional Fees
ProfessionalFees
|
635000 | |
CY2014Q3 | us-gaap |
Noninterest Expense
NoninterestExpense
|
8780000 | |
CY2014Q3 | us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
1525000 | |
CY2015Q3 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
59521000 | |
CY2015Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-23148000 | |
CY2015Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
890000 | |
CY2015Q3 | bxmt |
Non Cash And Legacy Compensation Expenses
NonCashAndLegacyCompensationExpenses
|
3286000 | |
CY2015Q3 | bxmt |
Core General And Administrative Expenses
CoreGeneralAndAdministrativeExpenses
|
1939000 | |
CY2015Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
17000 | |
CY2015Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
81000 | |
CY2014Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
1577000 | |
CY2014Q3 | bxmt |
Non Cash And Legacy Compensation Expenses
NonCashAndLegacyCompensationExpenses
|
2077000 | |
CY2014Q3 | bxmt |
Core General And Administrative Expenses
CoreGeneralAndAdministrativeExpenses
|
1086000 | |
CY2015Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.72 | |
CY2015Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.62 | |
CY2015Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
93357960 | shares |
CY2015Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
66888000 | |
CY2015Q3 | us-gaap |
Profit Loss
ProfitLoss
|
67778000 | |
CY2015Q3 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
87032000 | |
CY2015Q3 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
14891000 | |
CY2015Q3 | us-gaap |
Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
|
0 | |
CY2015Q3 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
138361000 | |
CY2015Q3 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
671000 | |
CY2015Q3 | us-gaap |
Interest Expense
InterestExpense
|
51329000 | |
CY2015Q3 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
890000 | |
CY2015Q3 | us-gaap |
Management Fee Expense
ManagementFeeExpense
|
13813000 | |
CY2015Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
5295000 | |
CY2015Q3 | us-gaap |
Professional Fees
ProfessionalFees
|
898000 |