Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
Jun. 30, 2018	Jun. 30, 2017
Cash flows from operating activities:
Net income (loss)	$ 88,590	$ (42,497)
Adjustments to reconcile net income (loss) to net cash used in operating activities	225,963	(92,537)
Cash flows due to changes in operating assets and liabilities	66,925	(144,249)
Net cash used in operating activities	(1,287,645)	(304,160)
Cash flows from investing activities:
Purchase of furniture, equipment and leasehold improvements, net	(7,126)	(21,194)
Net cash used in investing activities	(7,126)	(21,194)
Allocable to non-controlling interests in Consolidated Funds:
Net cash provided by financing activities	1,293,059	108,063
Ares Management L.P
Cash flows from financing activities:
Proceeds from issuance of common shares	105,333	0
Proceeds from credit facility	325,000	165,000
Proceeds from term notes	44,050	70,009
Repayments of credit facility	(410,000)	(30,000)
Repayments of term loans	(206,089)	0
Distributions	(181,594)	(102,315)
Preferred equity distributions	(10,850)	(10,850)
Taxes paid in net settlement of vested common shares	(17,225)	(13,471)
Stock option exercise	950	1,036
Tax from share-based payment	44	81
Other financing activities	764	1,583
Allocable to non-controlling interests in Consolidated Funds:
Effect of exchange rate changes	8,231	11,686
Net change in cash and cash equivalents	6,519	(205,605)
Cash and cash equivalents, beginning of period	118,929	342,861
Cash and cash equivalents, end of period	125,448	137,256
Consolidated Funds
Cash flows from operating activities:
Adjustments to reconcile net income (loss) to net cash used in operating activities	(1,634,788)	(61,985)
Cash flows due to changes in operating assets and liabilities	(34,335)	37,108
Allocable to non-controlling interests in Consolidated Funds:
Contributions from non-controlling interests in Consolidated Funds	70,990	47,265
Distributions to non-controlling interests in Consolidated Funds	(35,329)	(46,876)
Borrowings under loan obligations by Consolidated Funds	2,206,816	1,314,026
Repayments under loan obligations by Consolidated Funds	(599,801)	$ (1,287,425)
Cash and cash equivalents, beginning of period	556,500
Cash and cash equivalents, end of period	$ 836,274

Amount of cash distribution paid to preferred unit-holder of limited partnership (LP).

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