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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Sep. 30, 2019
Sep. 30, 2018
Expenses                  
Total expenses $ 395,701       $ 227,188     $ 1,100,509 $ 654,488
Other income (expense)                  
Total other income 32,787       38,754     95,919 108,920
Income before taxes 103,576       52,343     323,919 165,461
Income tax expense 11,701       5,131     35,590 29,659
Net income 91,875 $ 74,878 $ 121,576 $ 16,337 47,212 $ 14,169 $ 74,421 288,329 135,802
Net income attributable to Ares Management Corporation 33,331       15,910     110,419 45,083
Less: Series A Preferred Stock dividends paid 5,425       5,425     16,275 16,275
Net income attributable to Ares Management Corporation Class A common stockholders $ 27,906       $ 10,485     $ 94,144 $ 28,808
Net income attributable to Ares Management Corporation per share of Class A common stock                  
Basic (in dollars per share) $ 0.24       $ 0.09     $ 0.84 $ 0.25
Diluted (in dollars per share) $ 0.23       $ 0.09     $ 0.81 $ 0.25
Weighted-average shares of Class A common stock:                  
Basic (in shares) [1] 108,481,929       98,706,419     105,546,219 94,168,582
Diluted (in shares) [1] 121,890,022       98,706,419     116,418,136 94,168,582
Consolidated Funds                  
Expenses                  
Expenses of Consolidated Funds $ 10,884       $ 12,833     $ 30,865 $ 49,261
Other income (expense)                  
Net realized and unrealized gains on investments (992)       5,437     3,256 26,839
Interest expense (71,134)       (62,763)     (204,051) (163,942)
Interest and other income of Consolidated Funds 107,922       93,062     303,312 250,117
Net income attributable to non-controlling interests related to consolidated VIEs 15,908       13,169     41,878 23,418
AOG                  
Other income (expense)                  
Net income attributable to non-controlling interests related to consolidated VIEs 42,636       18,133     136,032 67,301
Ares Management L.P                  
Revenues                  
Total revenues 466,490       240,777     1,328,509 711,029
Expenses                  
Compensation and benefits 166,216       145,594     485,232 419,225
Performance related compensation 139,216       17,606     388,424 30,479
General, administrative and other expenses 79,385       51,155     195,988 155,523
Other income (expense)                  
Net realized and unrealized gains on investments 1,522       5,542     5,519 7,970
Interest and dividend income 2,030       808     5,526 6,511
Interest expense (4,691)       (4,143)     (16,073) (17,088)
Other income (expense), net (1,870)       811     (1,570) (1,487)
Management fees | Ares Management L.P                  
Revenues                  
Total revenues 251,591       204,524     714,096 588,071
Carried interest allocation                  
Revenues                  
Total revenues               503,808  
Carried interest allocation | Ares Management L.P                  
Revenues                  
Total revenues 186,803       31,902     503,808 72,587
Incentive fees | Ares Management L.P                  
Revenues                  
Total revenues 1,712       872     28,747 13,683
Principal investment income (loss) | Ares Management L.P                  
Revenues                  
Total revenues 11,389       (7,464)     45,992 (684)
Administrative, transaction and other fees                  
Revenues                  
Total revenues 0       0     0 0
Administrative, transaction and other fees | Ares Management L.P                  
Revenues                  
Total revenues $ 14,995       $ 10,943     $ 35,866 $ 37,372
[1] Three and nine months ended September 30, 2018 represents common units.