v2.4.0.8
Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues        
Management and Advisory Fees, Net $ 531,095 $ 469,109 $ 1,591,951 $ 1,428,833
Performance Fees        
Performance Fees Realized - Carried Interest 182,654 83,765 660,112 153,254
Performance Fees Realized - Incentive Fees 30,884 11,588 130,729 28,497
Performance Fees Unrealized - Carried Interest 290,052 403,465 924,105 786,551
Performance Fees Unrealized - Incentive Fees 37,713 104,312 144,449 155,011
Total Performance Fees 541,303 603,130 1,859,395 1,123,313
Investment Income        
Realized 19,507 18,559 137,350 40,652
Unrealized 100,341 119,599 263,141 181,906
Total Investment Income 119,848 138,158 400,491 222,558
Interest and Dividend Revenue 19,892 10,278 46,263 27,181
Other 4,707 2,415 5,688 443
Total Revenues 1,216,845 1,223,090 3,903,788 2,802,328
Compensation and Benefits        
Compensation 465,631 503,295 1,396,042 1,531,917
Performance Fee Compensation        
Performance Fee Compensation - Realized Carried Interest 60,369 22,023 225,716 37,860
Performance Fee Compensation - Realized Incentive Fees 14,599 4,457 60,121 14,284
Performance Fee Compensation - Unrealized Carried Interest 82,341 128,863 350,637 250,221
Performance Fee Compensation - Unrealized Incentive Fees 11,084 44,254 58,646 47,437
Total Compensation and Benefits 634,024 702,892 2,091,162 1,881,719
General, Administrative and Other 119,435 139,172 346,106 417,675
Interest Expense 26,268 19,074 80,286 47,365
Fund Expenses 6,678 (9,747) 18,714 28,243
Total Expenses 786,405 851,391 2,536,268 2,375,002
Other Income (Loss)        
Net Gains (Losses) from Fund Investment Activities 87,952 (135,960) 196,128 400,412
Income Before Provision for Taxes 518,392 235,739 1,563,648 827,738
Provision for Taxes 57,477 39,237 164,552 119,327
Net Income 460,915 196,502 1,399,096 708,411
Net Income Attributable to Redeemable Non-Controlling Interests in Consolidated Entities 51,188 41,854 135,870 78,447
Net Income (Loss) Attributable to Non-Controlling Interests in Consolidated Entities 30,231 (157,607) 48,723 279,970
Net Income Attributable to Non-Controlling Interests in Blackstone Holdings 208,332 183,431 664,556 237,809
Net Income Attributable to The Blackstone Group L.P. 171,164 128,824 549,947 112,185
Distributions Declared Per Common Unit $ 0.23 $ 0.10 $ 0.95 $ 0.42
Net Income Per Common Unit        
Common Units, Basic $ 0.29 $ 0.24 $ 0.94 $ 0.21
Common Units, Diluted $ 0.29 $ 0.24 $ 0.93 $ 0.21
Weighted-Average Common Units Outstanding        
Common Units, Basic 589,643,844 544,716,399 585,296,526 526,892,258
Common Units, Diluted 592,920,795 546,923,603 588,488,068 532,702,872
Revenues Earned from Affiliates        
Management and Advisory Fees, Net $ 48,906 $ 48,972 $ 169,029 $ 153,089