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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues    
Management and Advisory Fees, Net $ 608,906 $ 616,768
Performance Fees    
Performance Fees Realized - Carried Interest 230,909 1,207,594
Performance Fees Realized - Incentive Fees 28,419 29,638
Performance Fees Unrealized - Carried Interest 47,586 373,840
Performance Fees Unrealized - Incentive Fees 7,579 62,036
Total Performance Fees 314,493 1,673,108
Investment Income (Loss)    
Realized (12,001) 187,930
Unrealized 3,493 18,273
Total Investment Income (Loss) (8,508) 206,203
Interest and Dividend Revenue 23,075 21,920
Other (5,612) (5,641)
Total Revenues 932,354 2,512,358
Expenses    
Compensation and Benefits Compensation 346,003 559,559
Performance Fee Compensation    
Performance Fee Compensation - Realized Carried Interest 58,504 292,248
Performance Fee Compensation - Realized Incentive Fees 14,124 12,227
Performance Fee Compensation - Unrealized Carried Interest 30,001 74,380
Performance Fee Compensation - Unrealized Incentive Fees 3,448 24,961
Total Compensation and Benefits 452,080 963,375
General, Administrative and Other 123,045 130,973
Interest Expense 37,356 31,370
Fund Expenses 5,229 16,850
Total Expenses 617,710 1,142,568
Other Income    
Net Gains from Fund Investment Activities 19,142 93,555
Income Before Provision for Taxes 333,786 1,463,345
Provision for Taxes 18,866 99,344
Net Income (Loss) 314,920 1,364,001
Net Income (Loss) Attributable to Redeemable Non-Controlling Interests in Consolidated Entities (6,401) 7,527
Net Income Attributable to Non-Controlling Interests in Consolidated Entities 40,086 81,796
Net Income Attributable to Non-Controlling Interests in Blackstone Holdings 131,202 645,230
Net Income Attributable to The Blackstone Group L.P. $ 150,033 $ 629,448
Distributions Declared Per Common Unit [1] $ 0.61 $ 0.78
Net Income Per Common Unit    
Common Units, Basic 0.23 1.01
Common Units, Diluted $ 0.23 $ 1.00
Weighted-Average Common Units Outstanding    
Common Units, Basic 644,897,849 625,276,969
Common Units, Diluted 1,194,570,331 631,232,041
Revenues Earned from Affiliates    
Management and Advisory Fees, Net $ 56,675 $ 48,112
[1] Distributions declared reflects the calendar date of the declaration for each distribution.