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:
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Three Months
Ended
March 31, |
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2017 |
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2016 |
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Net Income for Per
Common Unit Calculations
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Net Income Attributable to
The Blackstone Group L.P., Basic
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$ |
461,825 |
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$ |
159,753 |
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Incremental Net Income from
Assumed Exchange of Blackstone Holdings Partnership
Units
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371,284 |
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117,684 |
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Net Income Attributable to
The Blackstone Group L.P., Diluted
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$ |
833,109 |
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$ |
277,437 |
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Units
Outstanding
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Weighted-Average Common
Units Outstanding, Basic
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660,939,708 |
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644,897,849 |
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Weighted-Average Unvested
Deferred Restricted Common Units
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809,184 |
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1,332,772 |
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Weighted-Average Blackstone
Holdings Partnership Units
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537,758,091 |
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548,042,780 |
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Weighted-Average Common
Units Outstanding, Diluted
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1,199,506,983 |
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1,194,273,401 |
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Net Income Per Common
Unit, Basic
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$ |
0.70 |
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$ |
0.25 |
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Net Income Per Common
Unit, Diluted
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$ |
0.69 |
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$ |
0.23 |
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Distributions Declared
Per Common Unit (a)
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$ |
0.47 |
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$ |
0.61 |
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(a) |
Distributions declared
reflects the calendar date of the declaration for each
distribution. |
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