QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2017

Quarterly Financial Data [Abstract]

QUARTERLY FINANCIAL DATA (UNAUDITED)

QUARTERLY FINANCIAL DATA (UNAUDITED)

Unaudited quarterly information for each of the three months in the years ended December 31, 2017 and 2016 are presented below.  

	For the Three Months Ended
	March 31, 2017			June 30, 2017		September 30, 2017		December 31, 2017
Revenues	$	241,657		$	533,890	$	283,671	$	356,281
Expenses	491,467			448,197		254,127		310,967
Other income	59,222			29,387		58,880		91,629
Income (loss) before provision for income taxes	(190,588		)	115,080		88,424		136,943
Net income (loss)	(156,324		)	113,827		83,872		131,536
Net income (loss) attributable to Ares Management, L.P.	(41,134		)	49,878		27,838		39,596
Preferred equity distributions paid	5,425			5,425		5,425		5,425
Net income (loss) attributable to Ares Management, L.P. common unitholders	(46,559		)	44,453		22,413		34,171
Net income (loss) attributable to Ares Management L.P. per common unit:
Basic	$	(0.58	)	$	0.54	$	0.26	$	0.40
Diluted	$	(0.58	)	$	0.53	$	0.26	$	0.39
Distributions declared per common unit(1)	$	0.13		$	0.31	$	0.41	$	0.40

	For the Three Months Ended
	March 31, 2016			June 30, 2016		September 30, 2016		December 31, 2016
Revenues	$	136,015		$	369,535	$	335,460	$	358,195
Expenses	129,538			303,935		283,374		299,573
Other income (loss)	(15,451		)	17,406		73,339		39,841
Income (loss) before provision for income taxes	(8,974		)	83,006		125,425		98,463
Net income (loss)	(13,639		)	87,440		117,784		95,316
Net income (loss) attributable to Ares Management, L.P.	(3,090		)	37,574		43,305		34,019
Preferred equity distributions paid	—			—		6,751		5,425
Net income (loss) attributable to Ares Management, L.P. common unitholders	(3,090		)	37,574		36,554		28,594
Net income (loss) attributable to Ares Management L.P. per common unit:
Basic	$	(0.04	)	$	0.46	$	0.45	$	0.35
Diluted	$	(0.04	)	$	0.46	$	0.43	$	0.34
Distributions declared per common unit(1)	$	0.15		$	0.28	$	0.20	$	0.28

(1) Distributions declared per common unit are reflected to match the period the income is earned.