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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues        
Fees and Other $ 413,846 $ 380,785 $ 808,240 $ 760,964
Capital Allocation-Based Income 557,774 635,015 635,986 1,022,591
Total Revenues 971,620 1,015,800 1,444,226 1,783,555
Expenses        
Compensation and Benefits 472,500 462,841 770,636 865,804
Occupancy and Related Charges 15,322 14,032 29,537 28,883
General, Administrative and Other 187,228 152,855 311,478 275,055
Total Expenses 675,050 629,728 1,111,651 1,169,742
Investment Income (Loss)        
Net Gains (Losses) from Investment Activities 1,116,587 334,416 1,589,387 841,061
Dividend Income 66,344 69,446 99,408 79,370
Interest Income 351,705 295,718 649,961 576,698
Interest Expense (203,850) (198,590) (423,440) (385,444)
Total Investment Income (Loss) 1,330,786 500,990 1,915,316 1,111,685
Income (Loss) Before Taxes 1,627,356 887,062 2,247,891 1,725,498
Income Taxes 60,960 18,538 78,601 59,080
Net Income (Loss) 1,566,396 868,524 2,169,290 1,666,418
Net Income (Loss) Attributable to Redeemable Noncontrolling Interests (18,016) 22,387 7,658 43,320
Net Income (Loss) Attributable to Noncontrolling Interests 895,690 432,150 1,294,467 941,427
Net Income (Loss) Attributable to KKR & Co. L.P. 688,722 413,987 867,165 681,671
Preferred Dividends 8,341 8,341 16,682 16,682
Net Income (Loss) Attributable to KKR & Co. L.P. Common Unitholders $ 680,381 $ 405,646 $ 850,483 $ 664,989
Net Income (Loss) Attributable to KKR & Co. L.P. Per Common Unit        
Basic (in dollars per unit) $ 1.33 $ 0.87 $ 1.71 $ 1.45
Diluted (in dollars per unit) $ 1.24 $ 0.81 $ 1.57 $ 1.33
Weighted Average Common Units Outstanding        
Basic (in units) 510,586,631 466,170,025 499,208,944 459,967,395
Diluted (in units) 548,745,498 501,177,423 542,367,320 498,943,294
Capital - Series A Preferred Units        
Investment Income (Loss)        
Preferred Dividends $ 5,822 $ 5,822 $ 11,644 $ 11,644
Capital - Series B Preferred Units        
Investment Income (Loss)        
Preferred Dividends $ 2,519 $ 2,519 $ 5,038 $ 5,038