v2.4.0.8
Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues      
Management and Advisory Fees, Net $ 2,193,985 $ 2,030,693 $ 1,811,750
Performance Fees      
Performance Fees Realized - Carried Interest 943,958 327,422 138,907
Performance Fees Realized - Incentive Fees 464,838 301,801 90,099
Performance Fees Unrealized - Carried Interest 2,158,010 994,190 971,518
Performance Fees Unrealized - Incentive Fees (22,749) (30,361) (17,864)
Total Performance Fees 3,544,057 1,593,052 1,182,660
Investment Income      
Realized 188,644 93,963 87,542
Unrealized 611,664 256,231 125,781
Total Investment Income 800,308 350,194 213,323
Interest and Dividend Revenue 64,511 40,354 37,427
Other 10,307 5,148 7,416
Total Revenues 6,613,168 4,019,441 3,252,576
Expenses      
Compensation and Benefits Compensation 1,844,485 2,091,698 2,421,712
Performance Fee Compensation      
Performance Fee Compensation - Realized Carried Interest 257,201 96,433 43,615
Performance Fee Compensation - Realized Incentive Fees 200,915 140,042 55,912
Performance Fee Compensation - Unrealized Carried Interest 966,717 321,599 237,945
Performance Fee Compensation - Unrealized Incentive Fees (11,651) (44,528) (20,759)
Total Compensation and Benefits 3,257,667 2,605,244 2,738,425
General, Administrative and Other 474,442 548,738 566,313
Interest Expense 107,973 72,870 57,824
Fund Expenses 26,658 33,829 25,507
Total Expenses 3,866,740 3,260,681 3,388,069
Other Income      
Reversal of Tax Receivable Agreement Liability 20,469   197,816
Net Gains from Fund Investment Activities 381,664 256,145 14,935
Total Other Income 402,133 256,145 212,751
Income Before Provision for Taxes 3,148,561 1,014,905 77,258
Provision for Taxes 255,642 185,023 345,711
Net Income (Loss) 2,892,919 829,882 (268,453)
Net Income (Loss) Attributable to Redeemable Non-Controlling Interests in Consolidated Entities 183,315 103,598 (24,869)
Net Income Attributable to Non-Controlling Interests in Consolidated Entities 198,557 99,959 7,953
Net Income (Loss) Attributable to Non-Controlling Interests in Blackstone Holdings 1,339,845 407,727 (83,234)
Net Income (Loss) Attributable to The Blackstone Group L.P. 1,171,202 218,598 (168,303)
Net Income (Loss) Per Common Unit      
Common Units, Basic $ 2.00 $ 0.41 $ (0.35)
Common Units, Diluted $ 1.98 $ 0.41 $ (0.35)
Weighted-Average Common Units Outstanding      
Common Units, Basic 587,018,828 533,703,606 475,582,718
Common Units, Diluted 590,546,640 538,669,070 475,582,718
Revenues Earned from Affiliates      
Management and Advisory Fees, Net $ 253,877 $ 254,729 $ 317,675