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Consolidated Statements of Changes in Equity - USD ($)
$ in Thousands
Total
Partners' Capital
Preferred Partner
Ares Management L.P
Partners' Capital
Ares Management L.P
Members' Equity
Ares Management L.P
Common Stock
Ares Management L.P
Additional Paid in Capital.
Ares Management L.P
Retained Earnings
Ares Management L.P
Accumulated Other Comprehensive Income (Loss)
Ares Management L.P
Non-Controlling interest
Consolidated Funds
Consolidated Funds
Non-Controlling interest
Consolidated Funds
Equity Appropriated for Consolidated Funds
Balance (Predecessor) at Dec. 31, 2013       $ 321,891 $ 0 $ 338,375 $ (135,573) $ 985        
Balance at Dec. 31, 2013 $ 6,540,544               $ 167,731   $ 5,691,874 $ 155,261
Increase (Decrease) in Stockholders' Equity                        
Relinquished with deconsolidation of funds | Predecessor (354,737)                   (354,737)  
Contributions | Predecessor 126,265                   126,265  
Contributions 182,522                   182,522  
Distributions | Predecessor (967,255)     (132,286)   (42,622)     (50,442)   (741,905)  
Distributions (594,553)   $ (33,881)           (68,872) $ (477) (491,800)  
Net income (loss) | Predecessor 246,874     28,064     (21,966)   3,247   287,942 (50,413)
Net income (loss) 295,492   34,988           80,240   319,424 (139,160)
Currency translation adjustment | Predecessor 565             1,255 404   (412) (682)
Currency translation adjustment (37,047)             (1,386) (2,285)   (30,444) (2,932)
Equity compensation | Predecessor 51,189     (368)   39,078     12,479      
Equity compensation 18,615   7,108           11,507      
Tandem award compensation adjustment | Predecessor 7,200     1,570   5,371 (983)   1,242      
Net effect of Reorganization, including contributions of Ares Operating Group units for 69,078,234 common units | Predecessor     204,877 $ (218,871)   $ (340,202) $ 158,522 (2,240) 197,914      
Net effect of Reorganization, including contributions of Ares Operating Group units for 69,078,234 common units 0                      
Issuance of units, net of offering costs 209,189   209,189                  
Issuance costs (28,491)   (10,910)           (17,581)      
Allocation of contributions in excess of the carrying value of the net assets (dilution) (910)   (129,446)           128,536      
Changes in ownership interests 900   1,511           (611) (900)    
Deferred tax assets (liabilities) arising from allocation of contributions and Partners' capital 1,573   1,589           (16)      
Balance (Predecessor) at Dec. 31, 2014 [1] 5,650,645   204,877           332,575   5,009,027 104,166
Balance at Dec. 31, 2014 5,697,935   285,025         (1,386) 463,493   4,988,729 (37,926)
Increase (Decrease) in Stockholders' Equity                        
Cumulative effect of accounting change (4,625,837)                   (4,651,189) 25,352
Relinquished with deconsolidation of funds 1,652                   1,652  
Contributions 88,652               85   88,567  
Distributions (302,508)   (70,999)           (145,763) (998) (85,746)  
Net income (loss) 62,082   19,378           48,390   (21,775) 16,089
Currency translation adjustment (8,602)             (3,233) (5,221)     (148)
Equity compensation 30,478   11,588           18,890      
Changes in ownership interests (82)   7,280           (7,362) 82    
Deferred tax assets (liabilities) arising from allocation of contributions and Partners' capital 832   735           97      
Issuance of AOG units in connection with acquisitions 25,468               25,468      
Balance at Dec. 31, 2015 968,406   251,537         (4,619) 397,883   320,238 3,367
Increase (Decrease) in Stockholders' Equity                        
Cumulative effect of accounting change (3,367)                     (3,367)
Contributions 132,932                   132,932  
Distributions (330,649) $ (12,176) (67,041)           (132,961) (661) (118,471)  
Net income (loss) 286,445 12,176 99,632           171,251   3,386  
Currency translation adjustment (15,707)             (4,320) (11,337)   (50)  
Equity compensation 37,258   14,216           23,042      
Issuance of units, net of offering costs 298,761 298,761                    
Changes in ownership interests (881)   1,446           (2,327) $ 0    
Deferred tax assets (liabilities) arising from allocation of contributions and Partners' capital 727   724           3      
Reallocation of equity due to redemption of ownership interest 3,337   1,276           2,061      
Balance at Dec. 31, 2016 $ 1,377,262 $ 298,761 $ 301,790         $ (8,939) $ 447,615   $ 338,035 $ 0
[1] Prior to the Reorganization on May 1, 2014, financial statements represent the combined and consolidated results of AHI, AI and consolidated subsidiaries, referred to collectively as the Predecessor. Subsequent to the Reorganization, these financial statements represent the results of Ares Management, L.P. See Note 1 for further information.