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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues      
Administrative, transaction and other fees $ 0    
Total revenues 1,415,499 $ 1,199,205 $ 814,442
Expenses      
Total expenses 1,504,758 1,016,420 769,040
Other income (expense)      
Interest expense (21,219) (17,981) (18,949)
Total other income 239,118 115,135 36,082
Income before taxes 149,859 297,920 81,484
Income tax (benefit) expense (23,052) 11,019 19,064
Net income 172,911 286,901 62,420
Net income attributable to Ares Management, L.P. 76,178 111,808 19,378
Less: Preferred equity distributions paid 21,700 12,176 0
Net income attributable to Ares Management, L.P. common unitholders $ 54,478 $ 99,632 $ 19,378
Net income attributable to Ares Management, L.P. per common unit:      
Basic (in dollars per unit) $ 0.62 $ 1.22 $ 0.23
Diluted (in dollars per unit) $ 0.62 $ 1.20 $ 0.23
Weighted-average common units:      
Basic (in units) 81,838,007 80,749,671 80,673,360
Diluted (in units) 81,838,007 82,937,030 80,673,360
Distribution declared and paid per common unit (in units per share) $ 1.13 $ 0.83 $ 0.88
Ares Management L.P      
Revenues      
Management fees (includes ARCC Part I Fees of $105,467, $121,181 and $121,491 for the years ended December 31, 2017, 2016 and 2015, respectively) $ 722,419 $ 642,068 $ 634,399
Performance fees 636,674 517,852 150,615
Administrative, transaction and other fees 56,406 39,285 29,428
Total revenues 1,415,499 1,199,205 814,442
Expenses      
Compensation and benefits 514,109 447,725 414,454
Performance fee compensation 479,722 387,846 111,683
General, administrative and other expenses 196,730 159,776 224,798
Transaction support expense 275,177 0 0
Other income (expense)      
Net realized and unrealized gain on investments 67,034 28,251 17,009
Interest and dividend income 12,715 23,781 14,045
Interest expense (21,219) (17,981) (18,949)
Debt extinguishment expense 0 0 (11,641)
Other income, net 19,470 35,650 21,680
Income tax (benefit) expense (24,939) 11,756 19,060
Consolidated Funds      
Expenses      
Expenses of Consolidated Funds 39,020 21,073 18,105
Other income (expense)      
Net realized and unrealized gain on investments 100,124 (2,057) (24,616)
Interest and dividend income 187,721 138,943 117,373
Interest expense (126,727) (91,452) (78,819)
Income tax (benefit) expense 1,887 (737) 4
Less: Net income attributable to non-controlling interests 60,818 3,386 (5,686)
Ares Operating Group      
Other income (expense)      
Less: Net income attributable to non-controlling interests 35,915 171,251 48,390
Less: Net income attributable to redeemable interests in Ares Operating Group entities $ 0 $ 456 $ 338