filings.toolsItem 6. SELECTED FINANCIAL DATA
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Item 6. SELECTED FINANCIAL DATA
The following tables set forth our selected historical consolidated financial data as of and for the years ended December 31, 2015, 2014, 2013, 2012 and 2011. We derived the selected historical consolidated financial data as of December 31, 2015 and 2014 and for the years ending December 31, 2015, 2014 and 2013 from the audited consolidated financial statements included elsewhere in this report. We derived the selected historical consolidated financial data as of December 31, 2013, 2012 and 2011 and for the years ended December 31, 2012 and 2011 from our audited consolidated financial statements which are not included in this report. You should read the following data together with "Management's Discussion and Analysis of Financial Condition and Results of Operations" and our consolidated financial statements and related notes included elsewhere in this report.
| Year Ended December 31, | |||||||||||||||||||
| 2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||
| (all dollars are in thousands, except unit and per unit data) | |||||||||||||||||||
| Statement of Operations Data: | |||||||||||||||||||
| Fees and Other | $ | 1,043,768 | $ | 1,110,008 | $ | 762,546 | $ | 568,442 | $ | 723,620 | |||||||||
| Less: Total Expenses | 1,871,225 | 2,196,067 | 1,767,138 | 1,598,788 | 1,214,005 | ||||||||||||||
| Total Investment Income (Loss) | 6,169,125 | 6,544,748 | 8,896,746 | 9,101,995 | 1,456,116 | ||||||||||||||
| Income (Loss) Before Taxes | 5,341,668 | 5,458,689 | 7,892,154 | 8,071,649 | 965,731 | ||||||||||||||
| Income Taxes | 66,636 | 63,669 | 37,926 | 43,405 | 89,245 | ||||||||||||||
| Net Income (Loss) | 5,275,032 | 5,395,020 | 7,854,228 | 8,028,244 | 876,486 | ||||||||||||||
| Net Income (Loss) Attributable to Redeemable Noncontrolling Interests | (4,512 | ) | (3,341 | ) | 62,255 | 34,963 | 4,318 | ||||||||||||
| Net Income (Loss) Attributable to Noncontrolling Interests and Appropriated Capital | 4,791,062 | 4,920,750 | 7,100,747 | 7,432,445 | 870,247 | ||||||||||||||
| Net Income (Loss) Attributable to KKR & Co. L.P. | $ | 488,482 | $ | 477,611 | $ | 691,226 | $ | 560,836 | $ | 1,921 | |||||||||
| Net Income (Loss) Attributable to KKR & Co. L.P. Per Common Unit | |||||||||||||||||||
| Basic | $ | 1.09 | $ | 1.25 | $ | 2.51 | $ | 2.35 | $ | 0.01 | |||||||||
| Diluted | $ | 1.01 | $ | 1.16 | $ | 2.30 | $ | 2.21 | $ | 0.01 | |||||||||
| Weighted Average Common Units Outstanding | |||||||||||||||||||
| Basic | 448,884,185 | 381,092,394 | 274,910,628 | 238,503,257 | 220,235,469 | ||||||||||||||
| Diluted | 482,699,194 | 412,049,275 | 300,254,090 | 254,093,160 | 222,519,174 | ||||||||||||||
| Statement of Financial Condition Data (period end): | |||||||||||||||||||
| Total Assets | $ | 71,057,759 | $ | 65,872,745 | $ | 51,427,201 | $ | 44,426,353 | $ | 40,377,645 | |||||||||
| Total Liabilities | $ | 21,590,174 | $ | 14,168,684 | $ | 4,842,383 | $ | 3,020,899 | $ | 2,692,995 | |||||||||
| Redeemable Noncontrolling Interests | $ | 188,629 | $ | 300,098 | $ | 627,807 | $ | 462,564 | $ | 275,507 | |||||||||
| Noncontrolling Interests | $ | 43,731,774 | $ | 46,004,377 | $ | 43,235,001 | $ | 38,938,531 | $ | 36,080,445 | |||||||||
| Appropriated Capital | $ | — | $ | 16,895 | $ | — | $ | — | $ | — | |||||||||
| Total KKR & Co. L.P. Partners' Capital (1) | $ | 5,547,182 | $ | 5,382,691 | $ | 2,722,010 | $ | 2,004,359 | $ | 1,328,698 | |||||||||
| (1) | Total KKR & Co. L.P. partners' capital reflects only the portion of equity attributable to KKR & Co. L.P. (56% interest in the KKR Group Partnerships as of December 31, 2015) and differs from book value reported on a segment basis primarily as a result of the exclusion of the equity impact of KKR Management Holdings Corp. and allocations of equity to KKR Holdings. KKR Holdings' 44% interest in the KKR Group Partnerships as of December 31, 2015 is reflected as noncontrolling interests and is not included in total KKR & Co. L.P. partners' capital. | |||
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