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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues        
Management and Advisory Fees, Net $ 596,154 $ 703,596 $ 1,812,883 $ 1,894,496
Performance Fees        
Performance Fees Realized - Carried Interest 503,990 435,189 1,058,633 2,580,266
Performance Fees Realized - Incentive Fees 30,295 33,455 88,155 110,775
Performance Fees Unrealized - Carried Interest 106,202 (1,055,920) 242,080 (1,124,010)
Performance Fees Unrealized - Incentive Fees 30,545 (50,832) 45,900 36,274
Total Performance Fees 671,032 (638,108) 1,434,768 1,603,305
Investment Income (Loss)        
Realized 119,351 99,952 172,387 445,705
Unrealized 23,752 (179,298) 67,347 (262,024)
Total Investment Income (Loss) 143,103 (79,346) 239,734 183,681
Interest and Dividend Revenue 21,819 26,244 67,180 70,129
Other (423) (813) 1,900 (2,478)
Total Revenues 1,431,685 11,573 3,556,465 3,749,133
Expenses        
Compensation and Benefits Compensation 329,634 393,655 1,031,061 1,426,233
Performance Fee Compensation        
Performance Fee Compensation - Realized Carried Interest 168,427 97,798 314,511 628,079
Performance Fee Compensation - Realized Incentive Fees 15,436 15,062 44,810 49,126
Performance Fee Compensation - Unrealized Carried Interest 70,044 (228,697) 175,247 (204,876)
Performance Fee Compensation - Unrealized Incentive Fees 13,508 (14,641) 19,645 16,450
Total Compensation and Benefits 597,049 263,177 1,585,274 1,915,012
General, Administrative and Other 124,322 158,664 378,355 436,496
Interest Expense 37,278 36,860 111,512 105,644
Fund Expenses 15,128 18,296 28,949 76,845
Total Expenses 773,777 476,997 2,104,090 2,533,997
Other Income (Loss)        
Net Gains (Losses) from Fund Investment Activities 61,395 (16,867) 111,240 158,703
Income (Loss) Before Provision (Benefit) for Taxes 719,303 (482,291) 1,563,615 1,373,839
Provision for Taxes 27,714 1,573 84,275 144,168
Net Income (Loss) 691,589 (483,864) 1,479,340 1,229,671
Net Income (Loss) Attributable to Redeemable Non-Controlling Interests in Consolidated Entities 10,764 (12,520) 2,314 8,787
Net Income Attributable to Non-Controlling Interests in Consolidated Entities 82,653 30,671 187,468 179,183
Net Income (Loss) Attributable to Non-Controlling Interests in Blackstone Holdings 285,267 (247,318) 618,274 532,782
Net Income (Loss) Attributable to The Blackstone Group L.P. $ 312,905 $ (254,697) $ 671,284 $ 508,919
Distributions Declared Per Common Unit [1] $ 0.36 $ 0.74 $ 1.25 $ 2.41
Net Income (Loss) Per Common Unit        
Common Units, Basic 0.48 (0.40) 1.04 0.81
Common Units, Diluted $ 0.47 $ (0.40) $ 1.01 $ 0.80
Weighted-Average Common Units Outstanding        
Common Units, Basic 650,917,510 638,832,799 647,595,189 632,046,646
Common Units, Diluted 1,195,805,315 638,832,799 1,194,862,252 635,439,828
Revenues Earned from Affiliates        
Management and Advisory Fees, Net $ 39,073 $ 48,200 $ 139,896 $ 125,143
[1] Distributions declared reflects the calendar date of the declaration for each distribution.