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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues      
Administrative and other fees $ 0    
Total revenues 1,199,205 $ 814,442 $ 603,889
Expenses      
Total expenses 1,016,420 769,040 860,039
Other income (expense)      
Total other income 115,135 36,082 813,065
Income before taxes 297,920 81,484 556,915
Income tax expense 11,019 19,064 11,253
Net income 286,901 62,420 545,662
Net income attributable to Ares Management, L.P. 111,808 19,378 34,988
Less: Preferred equity distributions paid 12,176 0 0
Net income attributable to Ares Management, L.P. common unitholders $ 99,632 $ 19,378 $ 34,988
Net income attributable to Ares Management, L.P. per common unit:      
Basic (in dollars per unit) $ 1.22 $ 0.23 $ 0.43
Diluted (in dollars per unit) $ 1.20 $ 0.23 $ 0.43
Weighted-average common units      
Basic (in units) 80,749,671 80,673,360 80,358,036
Diluted (in units) 82,937,030 80,673,360 80,358,036
Distribution declared and paid per common unit (in units per share) $ 0.83 $ 0.88 $ 0.42
Ares Management L.P      
Revenues      
Management fees (includes ARCC Part I Fees of $121,181, $121,491 and $118,537 for the years ended December 31, 2016, 2015 and 2014, respectively) $ 642,068 $ 634,399 $ 486,477
Performance fees 517,852 150,615 91,412
Administrative and other fees 39,285 29,428 26,000
Total revenues 1,199,205 814,442 603,889
Expenses      
Compensation and benefits 447,725 414,454 456,372
Performance fee compensation 387,846 111,683 170,028
General, administrative and other expenses 159,776 224,798 166,839
Other income (expense)      
Net interest and investment income (expense) (includes interest expense) 5,800 (4,904) (1,373)
Debt extinguishment expense 0 (11,641) 0
Other income (expense), net 35,650 21,680 (2,422)
Net realized and unrealized (gain) loss on investments 28,251 17,009 32,128
Income tax expense 11,756 19,060 16,536
Consolidated Funds      
Expenses      
Expenses of the Consolidated Funds 21,073 18,105 66,800
Other income (expense)      
Net interest and investment income (expense) (includes interest expense) 47,491 38,554 271,462
Net realized and unrealized (gain) loss on investments (2,057) (24,616) 513,270
Income tax expense (737) 4 (5,283)
Less: Net income attributable to redeemable interests   0 2,565
Less: Net income attributable to non-controlling interests in Ares Operating Group entities 3,386 (5,686) 417,793
AOG      
Other income (expense)      
Less: Net income attributable to redeemable interests 456 338 731
Less: Net income attributable to non-controlling interests in Ares Operating Group entities $ 171,251 $ 48,390 $ 89,585