Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Consolidated Statement of Operations for Each Segment

The following table presents our consolidated statement of operations for each segment for the year ended December 31, 2014 ($ in thousands):

	Loan Origination		CT Legacy Portfolio			Total
Income from loans and other investments
Interest and related income	$	180,654	$	4,112		$	184,766
Less: Interest and related expenses		68,098		1,045			69,143
Income from loans and other investments, net		112,556		3,067			115,623
Other expenses
Management and incentive fees		19,491		—			19,491
General and administrative expenses		12,665		15,134			27,799
Total other expenses		32,156		15,134			47,290
Gain on investments at fair value		—		13,258			13,258
Loss on deconsolidation of subsidiaries		—		(8,615	)		(8,615	)
Income from equity investments in unconsolidated subsidiaries		—		28,036			28,036
Income before income taxes		80,400		20,612			101,012
Income tax provision		194		324			518
Net income		80,206		20,288			100,494
Net income attributable to non-controlling interests		—		(10,449	)		(10,449	)
Net income attributable to Blackstone Mortgage Trust, Inc.	$	80,206	$	9,839		$	90,045

The following table presents our consolidated balance sheet for each segment as of December 31, 2014 ($ in thousands):

	Loan Origination		CT Legacy Portfolio		Total
Assets
Cash and cash equivalents	$	51,810	$	—	$	51,810
Restricted cash		—		11,591		11,591
Loans receivable, net		4,428,500		—		4,428,500
Equity investments in unconsolidated subsidiaries		—		10,604		10,604
Accrued interest receivable, prepaid expenses, and other assets		36,531		49,485		86,016
Total assets	$	4,516,841	$	71,680	$	4,588,521
Liabilities and Equity
Accounts payable, accrued expenses, and other liabilities	$	47,328	$	13,685	$	61,013
Revolving repurchase facilities		2,040,783		—		2,040,783
Asset-specific repurchase agreements		324,553		—		324,553
Loan participations sold		499,433		—		499,433
Convertible notes, net		161,853		—		161,853
Total liabilities		3,073,950		13,685		3,087,635
Equity
Total Blackstone Mortgage Trust, Inc. stockholders’ equity		1,442,891		22,480		1,465,371
Non-controlling interests		—		35,515		35,515
Total equity		1,442,891		57,995		1,500,886
Total liabilities and equity	$	4,516,841	$	71,680	$	4,588,521

The following table presents our consolidated statement of operations for each segment for the year ended December 31, 2013 ($ in thousands):

	Loan Origination			CT Legacy Portfolio			Total
Income from loans and other investments
Interest and related income	$	41,621		$	11,543		$	53,164
Less: Interest and related expenses		13,053			4,964			18,017
Income from loans and other investments, net		28,568			6,579			35,147
Other expenses
Management and incentive fees		5,937			—			5,937
General and administrative expenses		5,149			6,356			11,505
Total other expenses		11,086			6,356			17,442
Valuation allowance on loans held-for-sale		—			1,259			1,259
Gain on investments at fair value		—			7,417			7,417
Gain on extinguishment of debt		—			38			38
Income before income taxes		17,482			8,937			26,419
Income tax benefit		31			964			995
Net income		17,451			7,973			25,424
Net income attributable to non-controlling interests		(193	)		(10,199	)		(10,392	)
Net income (loss) attributable to Blackstone Mortgage Trust, Inc.	$	17,258		$	(2,226	)	$	15,032

Consolidated Balance Sheet for Each Segment

The following table presents our consolidated balance sheet for each segment as of December 31, 2014 ($ in thousands):

	Loan Origination		CT Legacy Portfolio		Total
Assets
Cash and cash equivalents	$	51,810	$	—	$	51,810
Restricted cash		—		11,591		11,591
Loans receivable, net		4,428,500		—		4,428,500
Equity investments in unconsolidated subsidiaries		—		10,604		10,604
Accrued interest receivable, prepaid expenses, and other assets		36,531		49,485		86,016
Total assets	$	4,516,841	$	71,680	$	4,588,521
Liabilities and Equity
Accounts payable, accrued expenses, and other liabilities	$	47,328	$	13,685	$	61,013
Revolving repurchase facilities		2,040,783		—		2,040,783
Asset-specific repurchase agreements		324,553		—		324,553
Loan participations sold		499,433		—		499,433
Convertible notes, net		161,853		—		161,853
Total liabilities		3,073,950		13,685		3,087,635
Equity
Total Blackstone Mortgage Trust, Inc. stockholders’ equity		1,442,891		22,480		1,465,371
Non-controlling interests		—		35,515		35,515
Total equity		1,442,891		57,995		1,500,886
Total liabilities and equity	$	4,516,841	$	71,680	$	4,588,521

The following table presents our consolidated balance sheet for each segment as of December 31, 2013 ($ in thousands):

	Loan Origination		CT Legacy Portfolio		Total
Assets
Cash and cash equivalents	$	52,342	$	—	$	52,342
Restricted cash		—		10,096		10,096
Loans receivable, net		2,000,223		47,000		2,047,223
Equity investments in unconsolidated subsidiaries		—		22,480		22,480
Accrued interest receivable, prepaid expenses, and other assets		21,020		59,619		80,639
Total assets	$	2,073,585	$	139,195	$	2,212,780
Liabilities and Equity
Accounts payable, accrued expenses, and other liabilities	$	21,104	$	76,049	$	97,153
Revolving repurchase facilities		863,622		—		863,622
Asset-specific repurchase agreements		245,731		—		245,731
Loan participations sold		90,000		—		90,000
Convertible notes, net		159,524		—		159,524
Total liabilities		1,379,981		76,049		1,456,030
Equity
Total Blackstone Mortgage Trust, Inc. stockholders’ equity		693,604		24,305		717,909
Non-controlling interests		—		38,841		38,841
Total equity		693,604		63,146		756,750
Total liabilities and equity	$	2,073,585	$	139,195	$	2,212,780