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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Performance Allocations        
Realized $ 332,520 $ 503,376 $ 574,895 $ 773,016
Unrealized 157,732 440,351 821,731 1,068,440
Principal Investments        
Realized 145,040 129,197 218,301 171,342
Unrealized (37,345) 103,468 131,699 215,242
Total Investment Income 597,947 1,176,392 1,746,626 2,228,040
Interest and Dividend Revenue 43,686 40,073 87,770 75,458
Other (17,120) 675,343 (6,870) 616,026
Total Revenues 1,486,806 2,632,570 3,511,677 4,401,701
Expenses        
Compensation and Benefits Compensation 438,521 427,479 909,918 816,882
Incentive Fee Compensation 8,886 9,743 14,292 16,405
Performance Allocations Compensation        
Realized 125,825 186,398 212,220 298,460
Unrealized 64,518 189,991 351,533 444,426
Total Compensation and Benefits 637,750 813,611 1,487,963 1,576,173
General, Administrative and Other 175,308 145,828 321,370 272,541
Interest Expense 43,596 39,320 85,598 77,991
Fund Expenses 5,586 17,622 8,473 72,607
Total Expenses 862,240 1,016,381 1,903,404 1,999,312
Other Income        
Net Gains from Fund Investment Activities 61,131 73,519 191,456 184,118
Income Before Provision for Taxes 685,697 1,689,708 1,799,729 2,586,507
Provision for Taxes 38,736 138,731 79,891 193,226
Net Income 646,961 1,550,977 1,719,838 2,393,281
Net Income (Loss) Attributable to Redeemable Non-Controlling Interests in Consolidated Entities 1,095 905 3,575 (370)
Net Income Attributable to Non-Controlling Interests in Consolidated Entities 80,744 129,078 267,577 284,577
Net Income Attributable to Non-Controlling Interests in Blackstone Holdings 259,330 678,952 661,590 999,160
Net Income Attributable to The Blackstone Group L.P. $ 305,792 $ 742,042 $ 787,096 $ 1,109,914
Net Income Per Common Unit        
Common Units, Basic $ 0.45 $ 1.09 $ 1.17 $ 1.64
Common Units, Diluted $ 0.45 $ 1.09 $ 1.16 $ 1.63
Weighted-Average Common Units Outstanding        
Common Units, Basic 673,655,305 681,794,492 674,079,074 678,156,936
Common Units, Diluted 673,985,944 682,010,610 1,200,592,276 1,210,727,948
Management and Advisory Fees, Net        
Revenues        
Revenues $ 840,378 $ 721,384 $ 1,650,104 $ 1,450,233
Incentive Fees        
Revenues        
Revenues $ 21,915 $ 19,378 $ 34,047 $ 31,944