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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues        
Total revenues $ 369,535 $ 241,164 $ 505,550 $ 511,069
Expenses        
Total expenses 303,935 212,569 433,473 447,032
Other income (expense)        
Total other income (expense) 17,406 28,956 1,955 39,964
Income (loss) before taxes 83,006 57,551 74,032 104,001
Income tax expense (benefit) (4,434) 6,103 231 10,162
Net income 87,440 51,448 73,801 93,839
Less: Net income attributable to redeemable interests 339 185 349 428
Net income attributable to Ares Management, L.P. $ 37,574 $ 12,086 $ 34,484 $ 30,542
Net income attributable to Ares Management L.P. per common unit        
Basic (in dollars per unit) $ 0.46 $ 0.15 $ 0.42 $ 0.37
Diluted (in dollars per unit) $ 0.46 $ 0.15 $ 0.42 $ 0.37
Weighted-average common units        
Basic (in units) 80,715,723 80,671,316 80,699,387 80,669,527
Diluted (in units) 82,332,193 81,720,919 81,752,468 80,669,527
Distributions declared and paid per common unit $ 0.15 $ 0.25 $ 0.35 $ 0.49
Ares Management L.P.        
Revenues        
Management fees (includes ARCC Part 1 Fees of $28,999, $57,624 and $29,250, $58,292 for the three and six months ended June 30, 2016 and 2015, respectively) $ 158,521 $ 156,589 $ 316,954 $ 315,290
Performance fees 203,151 77,649 173,204 182,574
Administrative and other fees 7,863 6,926 15,392 13,205
Expenses        
Compensation and benefits 112,654 99,085 223,333 200,936
Performance fee compensation 151,896 56,544 130,566 132,936
General, administrative and other expenses 38,686 53,331 78,648 98,878
Other income (expense)        
Net interest and investment income (net of interest expense) 4,993 2,646 1,634 4,059
Other income (expense), net 5,673 (1,693) 10,914 (3,568)
Net realized and unrealized gain (loss) on investments (3,151) 4,880 1,991 19,719
Income tax expense (benefit) (4,400) 6,100 200 10,200
Consolidated Funds        
Expenses        
Consolidated Funds' expenses 699 3,609 926 14,282
Other income (expense)        
Net interest and investment income (net of interest expense) 9,690 12,637 17,022 21,542
Net realized and unrealized gain (loss) on investments 201 10,486 (29,606) (1,788)
Less: Net income (loss) attributable to non-controlling interests 1,054 12,629 (10,925) 1,515
AOG Units        
Other income (expense)        
Less: Net income (loss) attributable to non-controlling interests $ 48,473 $ 26,548 $ 49,893 $ 61,354