| Basic and Diluted Net Income (Loss) Per Common Unit |
Basic and
diluted net income (loss) per common unit for the years ended
December 31, 2013, 2012 and 2011 was calculated as
follows:
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Year Ended
December 31, |
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2013 |
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2012 |
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2011 |
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Net Income (Loss)
Attributable to The Blackstone Group L.P.
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|
$ |
1,171,202 |
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|
$ |
218,598 |
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|
$ |
(168,303 |
) |
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Basic Net Income (Loss)
Per Common Unit
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Weighted-Average Common
Units Outstanding
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|
587,018,828 |
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|
533,703,606 |
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|
475,582,718 |
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|
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Basic Net Income (Loss) Per
Common Unit
|
|
$ |
2.00 |
|
|
$ |
0.41 |
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|
$ |
(0.35 |
) |
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Diluted Net Income
(Loss) Per Common Unit
|
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Weighted-Average Common
Units Outstanding
|
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|
587,018,828 |
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|
533,703,606 |
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|
475,582,718 |
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Weighted-Average Unvested
Deferred Restricted Common Units
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|
3,527,812 |
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|
4,965,464 |
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|
— |
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Weighted-Average Diluted
Common Units Outstanding
|
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|
590,546,640 |
|
|
|
538,669,070 |
|
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|
475,582,718 |
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Diluted Net Income (Loss)
Per Common Unit
|
|
$ |
1.98 |
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|
$ |
0.41 |
|
|
$ |
(0.35 |
) |
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| Summary of Anti-Dilutive Securities |
The following
table summarizes the anti-dilutive securities for the periods
indicated:
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Year Ended
December 31, |
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| |
|
2013 |
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|
2012 |
|
|
2011 |
|
|
Weighted-Average Unvested
Deferred Restricted Common Units
|
|
|
— |
|
|
|
— |
|
|
|
22,529,309 |
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|
Weighted-Average Blackstone
Holdings Partnership Units
|
|
|
553,579,525 |
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|
590,446,577 |
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|
|
628,115,753 |
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