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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues    
Administrative and other fees $ 0  
Total revenues 241,657 $ 136,015
Expenses    
Total expenses 491,467 129,538
Other income (expense)    
Total other income (expense) 59,222 (15,451)
Loss before taxes (190,588) (8,974)
Income tax expense (benefit) (34,264) 4,665
Net loss (156,324) (13,639)
Net loss attributable to Ares Management, L.P. (41,134) (3,090)
Less: Preferred equity distributions paid 5,425 0
Net loss attributable to Ares Management, L.P. common unitholders $ (46,559) $ (3,090)
Net income (loss) attributable to Ares Management, L.P. per common unit:    
Basic (in dollars per unit) $ (0.58) $ (0.04)
Diluted (in dollars per unit) $ (0.58) $ (0.04)
Weighted-average common units:    
Basic (in units) 81,106,734 80,683,051
Diluted (in units) 81,106,734 80,683,051
Distribution declared and paid per common unit (in units per share) $ 0.28 $ 0.20
Ares Management L.P    
Revenues    
Management fees (includes ARCC Part I Fees of $33,257 and $28,625 for the three months ended March 31, 2017 and 2016, respectively) $ 172,045 $ 158,433
Performance fees 55,172 (29,947)
Administrative and other fees 14,440 7,529
Total revenues 241,657 136,015
Expenses    
Compensation and benefits 124,339 110,679
Performance fee compensation 40,702 (21,330)
General, administrative and other expenses 47,338 39,962
Transaction support expense 275,177 0
Other income (expense)    
Other income, net 16,496 5,241
Net interest and investment expense (2,135) (3,359)
Net realized and unrealized (gain) loss on investments 2,655 5,142
Consolidated Funds    
Expenses    
Expenses of the Consolidated Funds 3,911 227
Other income (expense)    
Net interest and investment expense 10,170 7,332
Net realized and unrealized (gain) loss on investments 32,036 (29,807)
(Income) loss before taxes of non-controlling interests in Consolidated Funds, net of eliminations 15,855 (11,979)
AOG    
Other income (expense)    
Less: Net income attributable to redeemable interests in Ares Operating Group entities 0 10
(Income) loss before taxes of non-controlling interests in Consolidated Funds, net of eliminations $ (131,045) $ 1,420