NET INCOME PER COMMON UNIT (Tables)

6 Months Ended

Jun. 30, 2018

Basic and Diluted Net Income Per Common Unit

Basic and diluted net income per common unit for the three and six months ended June 30, 2018 and June 30, 2017 was calculated as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2018		2017		2018		2017
Net Income for Per Common Unit Calculation
Net Income Attributable to The Blackstone Group L.P., Basic	$	742,042	$	337,407	$	1,109,914	$	789,316
Incremental Net Income from Assumed Exchange of Blackstone Holdings Partnership Units		—		260,488		858,727		624,716
Net Income Attributable to The Blackstone Group L.P., Diluted	$	742,042	$	597,895	$	1,968,641	$	1,414,032
Units Outstanding
Weighted-Average Common Units Outstanding, Basic		681,794,492		664,681,299		678,156,936		662,820,839
Weighted-Average Unvested Deferred Restricted Common Units		216,118		998,974		207,526		904,079
Weighted-Average Blackstone Holdings Partnership Units		—		534,326,066		532,363,486		536,031,472
Weighted-Average Common Units Outstanding, Diluted		682,010,610		1,200,006,339		1,210,727,948		1,199,756,390
Net Income Per Common Unit, Basic	$	1.09	$	0.51	$	1.64	$	1.19
Net Income Per Common Unit, Diluted	$	1.09	$	0.50	$	1.63	$	1.18
Distributions Declared Per Common Unit (a)	$	0.35	$	0.87	$	1.20	$	1.34

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

Summary of Anti-Dilutive Securities

The following table summarizes the anti-dilutive securities for the three and six months ended June 30, 2018 and 2017:

	Three Months Ended June 30,				Six Months Ended June 30,
	2018		2017		2018		2017
Weighted-Average Blackstone Holdings Partnership Units		528,872,187		—		—		—