Opalesque Industry Update - Economic Net Income was a loss of $342 million for the third quarter of 2011, down from net
income of $339 million for the third quarter of 2010. Economic Net Income was $929 million for
the nine months ended September 30, 2011, up 3% from 2010. Distributable Earnings were $120 million for the third quarter of 2011, down from $166 million in the third quarter of 2010. Distributable Earnings were $501 million for the nine months ended September 30, 2011, up 8% from 2010. GAAP Results Attributable to The Blackstone Group L.P. included a net loss of $275 million in the third quarter of 2011, compared to a net loss of $44 million in the third quarter of 2010, in each case including net IPO and acquisition-related accounting charges.
|