v2.4.0.6
Reconciliation of Total Segments to Income (Loss) Before Provision for Taxes and Total Assets (Detail) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Segment Reporting Information [Line Items]        
Revenues $ 627,203 $ 1,308,281 $ 1,579,239 $ 2,461,550
Expenses 739,819 984,831 1,523,612 1,975,695
Economic Income 221,717 817,078 721,985 1,476,749
Total Segments
       
Segment Reporting Information [Line Items]        
Revenues 644,332 1,334,641 1,618,405 2,498,887
Expenses 422,615 517,563 896,420 1,022,138
Economic Income 221,717 817,078 721,985 1,476,749
Total Assets 11,483,361   11,483,361  
Consolidation Adjustments And Reconciling Items
       
Segment Reporting Information [Line Items]        
Revenues (17,129) [1] (26,360) [1] (39,166) [1] (37,337) [1]
Expenses 317,204 [2] 467,268 [2] 627,192 [2] 953,557 [2]
Other Income 248,230 [3] (74,654) [3] 536,372 [4] (119,845) [4]
Economic Income (86,103) [5] (568,282) [5] (129,986) [6] (1,110,739) [6]
Total Assets 14,659,209 [7]   14,659,209 [7]  
Consolidated Blackstone Funds
       
Segment Reporting Information [Line Items]        
Revenues 627,203 1,308,281 1,579,239 2,461,550
Expenses 739,819 984,831 1,523,612 1,975,695
Other Income 248,230 (74,654) 536,372 (119,845)
Economic Income 135,614 248,796 591,999 366,010
Total Assets $ 26,142,570   $ 26,142,570  
[1] The Revenues adjustment principally represents management and performance fees earned from Blackstone Funds which were eliminated in consolidation to arrive at Blackstone consolidated revenues.
[2] The Expenses adjustment represents the addition of expenses of the consolidated Blackstone Funds to the Blackstone unconsolidated expenses, amortization of intangibles and expenses related to transaction-related equity-based compensation to arrive at Blackstone consolidated expenses.
[3] The Other Income adjustment results from the following: Three Months Ended June 30, 2012 2011 Fund Management Fees and Performance Fees Eliminated in Consolidation $ 15,892 $ 24,416 Fund Expenses Added in Consolidation 17,170 403 Non-Controlling Interests in Income (Loss) of Consolidated Entities 222,268 (92,548 ) Transaction-Related Other Income (7,100 ) (6,925 ) Total Consolidation Adjustments and Reconciling Items $ 248,230 $ (74,654 )
[4] The Other Income adjustment results from the following: Six Months Ended June 30, 2012 2011 Fund Management Fees and Performance Fees Eliminated in Consolidation $ 36,490 $ 33,519 Fund Expenses Added in Consolidation 39,877 12,616 Non-Controlling Interests in Income (Loss) of Consolidated Entities 474,170 (163,604 ) Transactional Other Income (14,165 ) (2,376 ) Total Consolidation Adjustments and Reconciling Items $ 536,372 $ (119,845 )
[5] The reconciliation of Economic Income to Income (Loss) Before Provision (Benefit) for Taxes as reported in the Condensed Consolidated Statements of Operations consists of the following: Three Months Ended June 30, 2012 2011 Economic Income $ 221,717 $ 817,078 Adjustments Amortization of Intangibles (39,436 ) (44,905 ) IPO and Acquisition-Related Charges (268,935 ) (430,829 ) Non-Controlling Interests in Income (Loss) of Consolidated Entities 222,268 (92,548 ) Total Consolidation Adjustments and Reconciling Items (86,103 ) (568,282 ) Income Before Provision (Benefit) for Taxes $ 135,614 $ 248,796
[6] The reconciliation of Economic Income to Income (Loss) Before Provision (Benefit) for Taxes as reported in the Condensed Consolidated Statements of Operations consists of the following: Six Months Ended June 30, 2012 2011 Economic Income $ 721,985 $ 1,476,749 Adjustments Amortization of Intangibles (90,324 ) (89,079 ) IPO and Acquisition-Related Charges (513,832 ) (858,056 ) Non-Controlling Interests in Income (Loss) of Consolidated Entities 474,170 (163,604 ) Total Consolidation Adjustments and Reconciling Items (129,986 ) (1,110,739 ) Income (Loss) Before Provision for Taxes $ 591,999 $ 366,010
[7] The Total Assets adjustment represents the addition of assets of the consolidated Blackstone Funds to the Blackstone unconsolidated assets to arrive at Blackstone consolidated assets.