NET INCOME (LOSS) ATTRIBUTABLE TO KKR & CO. L.P. PER COMMON UNIT

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

NET INCOME (LOSS) ATTRIBUTABLE TO KKR & CO. L.P. PER COMMON UNIT

NET INCOME (LOSS) ATTRIBUTABLE TO KKR & CO. L.P. PER COMMON UNIT

For the three months ended March 31, 2015 and 2014, basic and diluted Net Income (Loss) attributable to KKR & Co. L.P. per common unit were calculated as follows:

	Three Months Ended
	March 31, 2015		March 31, 2014
Net Income (Loss) Attributable to KKR & Co. L.P.	$	270,507	$	210,041

Basic Net Income (Loss) Per Common Unit
Weighted Average Common Units Outstanding - Basic	434,874,820		293,490,461
Net Income (Loss) Attributable to KKR & Co. L.P. Per Common Unit - Basic	$	0.62	$	0.72

Diluted Net Income (Loss) Per Common Unit
Weighted Average Common Units Outstanding - Basic	434,874,820		293,490,461
Weighted Average Unvested Common Units and Other Exchangeable Securities	37,350,524		31,613,768
Weighted Average Common Units Outstanding - Diluted	472,225,344		325,104,229
Net Income (Loss) Attributable to KKR & Co. L.P. Per Common Unit - Diluted	$	0.57	$	0.65

Weighted Average Common Units Outstanding—Diluted primarily includes unvested equity awards that have been granted under the Equity Incentive Plan as well as exchangeable equity securities issued in connection with the acquisition of Avoca. Vesting or exchanges of these equity interests dilute KKR and KKR Holdings pro rata in accordance with their respective ownership interests in the KKR Group Partnerships.

	Three Months Ended
	March 31, 2015	March 31, 2014
Weighted Average KKR Holdings Units Outstanding	375,836,317	399,474,991

For the three months ended March 31, 2015 and 2014, KKR Holdings units have been excluded from the calculation of diluted Net Income (Loss) attributable to KKR & Co. L.P. per common unit since the exchange of these units would not dilute KKR’s respective ownership interests in the KKR Group Partnerships.