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NET INCOME PER COMMON UNIT (Tables)
3 Months Ended
Mar. 31, 2017
Basic and Diluted Net Income Per Common Unit

Basic and diluted net income per common unit for the three months ended March 31, 2017 and March 31, 2016 was calculated as follows:

 

     Three Months Ended
March 31,
 
     2017      2016  

Net Income for Per Common Unit Calculations

     

Net Income Attributable to The Blackstone Group L.P., Basic

   $ 461,825      $ 159,753  

Incremental Net Income from Assumed Exchange of Blackstone Holdings Partnership Units

     371,284        117,684  
  

 

 

    

 

 

 

Net Income Attributable to The Blackstone Group L.P., Diluted

   $ 833,109      $ 277,437  
  

 

 

    

 

 

 

Units Outstanding

     

Weighted-Average Common Units Outstanding, Basic

     660,939,708        644,897,849  

Weighted-Average Unvested Deferred Restricted Common Units

     809,184        1,332,772  

Weighted-Average Blackstone Holdings Partnership Units

     537,758,091        548,042,780  
  

 

 

    

 

 

 

Weighted-Average Common Units Outstanding, Diluted

     1,199,506,983        1,194,273,401  
  

 

 

    

 

 

 

Net Income Per Common Unit, Basic

   $ 0.70      $ 0.25  
  

 

 

    

 

 

 

Net Income Per Common Unit, Diluted

   $ 0.69      $ 0.23  
  

 

 

    

 

 

 

Distributions Declared Per Common Unit (a)

   $ 0.47      $ 0.61  
  

 

 

    

 

 

 

 

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