v2.4.0.6
Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues        
Management and Advisory Fees, Net $ 488,048 $ 498,040 $ 959,724 $ 910,778
Performance Fees        
Performance Fees Realized - Carried Interest 55,929 42,750 69,489 136,153
Performance Fees Realized - Incentive Fees 11,631 19,013 16,910 21,813
Performance Fees Unrealized - Carried Interest 84,290 611,158 383,086 1,043,305
Performance Fees Unrealized - Incentive Fees (16,436) (670) 50,699 79,584
Total Performance Fees 135,414 672,251 520,184 1,280,855
Investment Income (Loss)        
Realized 5,758 19,303 22,093 32,086
Unrealized (10,519) 108,711 62,307 216,106
Total Investment Income (Loss) (4,761) 128,014 84,400 248,192
Interest and Dividend Revenue 9,267 8,848 16,903 18,338
Other (765) 1,128 (1,972) 3,387
Total Revenues 627,203 1,308,281 1,579,239 2,461,550
Expenses        
Compensation and Benefits Compensation 533,367 699,432 1,028,622 1,358,915
Performance Fee Compensation        
Performance Fee Compensation - Realized Carried Interest 7,898 18,676 15,836 32,243
Performance Fee Compensation - Realized Incentive Fees 5,576 9,036 9,828 10,012
Performance Fee Compensation - Unrealized Carried Interest 36,815 123,714 121,359 249,670
Performance Fee Compensation - Unrealized Incentive Fees (9,595) (5,616) 3,183 30,953
Total Compensation and Benefits 574,061 845,242 1,178,828 1,681,793
General, Administrative and Other 135,737 126,118 278,503 255,504
Interest Expense 13,773 14,185 28,291 27,988
Fund Expenses 16,248 (714) 37,990 10,410
Total Expenses 739,819 984,831 1,523,612 1,975,695
Other Income (Loss)        
Net Gains (Losses) from Fund Investment Activities 248,230 (74,654) 536,372 (119,845)
Income Before Provision for Taxes 135,614 248,796 591,999 366,010
Provision for Taxes 41,337 64,199 80,090 103,049
Net Income 94,277 184,597 511,909 262,961
Net Income (Loss) Attributable to Redeemable Non-Controlling Interests in Consolidated Entities (17,666) 205 36,594 22,942
Net Income (Loss) Attributable to Non-Controlling Interests in Consolidated Entities 239,934 (92,753) 437,576 (186,546)
Net Income (Loss) Attributable to Non-Controlling Interests in Blackstone Holdings (53,027) 190,908 54,378 297,624
Net Income (Loss) Attributable to The Blackstone Group L.P. (74,964) 86,237 (16,639) 128,941
Net Income (Loss) Per Common Unit - Basic and Diluted $ (0.14) $ 0.18 $ (0.03) $ 0.28
Weighted-Average Common Units Outstanding - Basic 528,778,977 476,289,647 517,882,253 462,094,878
Weighted-Average Common Units Outstanding - Diluted 528,778,977 483,643,646 517,882,253 468,618,734
Revenues Earned from Affiliates        
Management and Advisory Fees $ 56,133 $ 118,916 $ 104,117 $ 188,954