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Net Income Per Common Unit (Tables)

6 Months Ended

Jun. 30, 2019

Basic and Diluted Net Income Per Common Unit

15. Net Income Per Common Unit

Basic and diluted net income per common unit for the three and six months ended June 30, 2019 and June 30, 2018 was calculated as follows:

		Three Months Ended								Six Months Ended
		June 30,								June 30,
		2019				2018				2019				2018
Net Income for Per Common Unit Calculations
Net Income Attributable to The Blackstone Group L.P., Basic		$	305,792			$	742,042			$	787,096			$	1,109,914
Incremental Net Income from Assumed Exchange of Blackstone Holdings Partnership Units			—				—				610,101				858,727
Net Income Attributable to The Blackstone Group L.P., Diluted		$	305,792			$	742,042			$	1,397,197			$	1,968,641
Units Outstanding
Weighted-Average Common Units Outstanding, Basic			673,655,305				681,794,492				674,079,074				678,156,936
Weighted-Average Unvested Deferred Restricted Common Units			330,639				216,118				269,196				207,526
Weighted-Average Blackstone Holdings Partnership Units			—				—				526,244,006				532,363,486
Weighted-Average Common Units Outstanding, Diluted			673,985,944				682,010,610				1,200,592,276				1,210,727,948
Net Income Per Common Unit, Basic		$	0.45			$	1.09			$	1.17			$	1.64
Net Income Per Common Unit, Diluted		$	0.45			$	1.09			$	1.16			$	1.63
Distributions Declared Per Common Unit (a)		$	0.37			$	0.35			$	0.95			$	1.20

(a) Distributions declared reflects the calendar date of the declaration for each distribution.

Summary of Anti-Dilutive Securities

The following table summarizes the anti-dilutive securities for the three and six months ended June 30, 2019 and 2018:

		Three Months Ended								Six Months Ended
		June 30,								June 30,
		2019				2018				2019				2018
Weighted-Average Blackstone Holdings Partnership Units			526,721,409				528,872,187				—				—

X

- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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X

- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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