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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Expenses        
Total expenses $ 227,188 $ 254,127 $ 654,488 $ 1,193,791
Other income (expense)        
Total other income 38,754 54,149 108,920 101,864
Income before taxes 52,343 88,424 165,461 12,916
Income tax expense (benefit) 5,131 4,552 29,659 (28,459)
Net income 47,212 83,872 135,802 41,375
Net income attributable to Ares Management, L.P. 15,910 27,838 45,083 36,582
Less: Preferred equity dividend paid 5,425 5,425 16,275 16,275
Net income attributable to Ares Management, L.P. common shareholders $ 10,485 $ 22,413 $ 28,808 $ 20,307
Net income attributable to Ares Management, L.P. per common share:        
Basic (in dollars per share) $ 0.09 $ 0.26 $ 0.25 $ 0.22
Diluted (in dollars per share) $ 0.09 $ 0.26 $ 0.25 $ 0.22
Weighted-average common shares:        
Basic (in shares) 98,706,419 82,166,852 94,168,582 81,704,815
Diluted (in shares) 98,706,419 82,166,852 94,168,582 81,704,815
Dividend declared and paid per common share (in dollar per share) $ 0.28 $ 0.31 $ 1.05 $ 0.72
Ares Management L.P        
Revenues        
Total revenues $ 240,777 $ 288,402 $ 711,029 $ 1,104,843
Expenses        
Compensation and benefits 145,594 129,347 419,225 384,905
Performance related compensation 17,606 58,637 30,479 361,044
General, administrative and other expenses 51,155 47,104 155,523 145,193
Transaction support expense 0 0 0 275,177
Other income (expense)        
Net realized and unrealized gain (loss) on investments 5,542 4,229 7,970 (1,471)
Interest and dividend income 808 1,761 6,511 5,147
Interest expense (4,143) (5,343) (17,088) (15,576)
Other income (expense), net 811 (2,492) (1,487) 16,826
Income tax expense (benefit) 5,118 3,354 29,577 (30,521)
Consolidated Funds        
Expenses        
Expenses of Consolidated Funds 12,833 19,039 49,261 27,472
Other income (expense)        
Net realized and unrealized gain (loss) on investments 5,437 35,940 26,839 55,263
Interest expense (62,763) (28,127) (163,942) (86,324)
Interest and other income of Consolidated Funds 93,062 48,181 250,117 127,999
Income tax expense (benefit) 13 1,198 82 2,062
Net income attributable to non-controlling interests related to consolidated VIEs 13,169 18,195 23,418 25,403
AOG        
Other income (expense)        
Net income attributable to non-controlling interests related to consolidated VIEs 18,133 37,839 67,301 (20,610)
Management fees | Ares Management L.P        
Revenues        
Total revenues 204,524 183,177 588,071 535,990
Carried interest allocation        
Revenues        
Total revenues     72,587  
Carried interest allocation | Ares Management L.P        
Revenues        
Total revenues 31,902 82,534 72,587 468,349
Incentive fees | Ares Management L.P        
Revenues        
Total revenues 872 4,474 13,683 11,855
Principal investment income (loss) | Ares Management L.P        
Revenues        
Total revenues (7,464) 4,731 (684) 45,625
Administrative, transaction and other fees        
Revenues        
Total revenues 0 0 0 0
Administrative, transaction and other fees | Ares Management L.P        
Revenues        
Total revenues $ 10,943 $ 13,486 $ 37,372 $ 43,024