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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income $ 288,329 $ 135,802
Adjustments to reconcile net income to net cash used in operating activities 59,736 268,526
Cash flows due to changes in operating assets and liabilities 19,038 90,140
Net cash used in operating activities (1,680,084) (1,723,214)
Cash flows from investing activities:    
Purchase of furniture, equipment and leasehold improvements, net (12,073) (14,437)
Net cash used in investing activities (12,073) (14,437)
Allocable to non-controlling interests in Consolidated Funds:    
Net cash provided by financing activities 1,750,668 1,733,002
Effect of exchange rate changes (16,555) 7,912
Net change in cash and cash equivalents 41,956 3,263
Cash and cash equivalents, beginning of period 110,247 118,929
Cash and cash equivalents, end of period 152,203 122,192
Ares Management L.P    
Cash flows from financing activities:    
Proceeds from issuance of Class A common stock 206,705 105,333
Proceeds from credit facility 265,000 410,000
Proceeds from term notes 0 44,050
Repayments of credit facility (500,000) (515,000)
Repayments of term loans 0 (206,089)
Dividends and distributions (238,301) (247,189)
Series A Preferred Stock dividends and distributions (16,275) (16,275)
Repurchases of Class A common stock (10,449) 0
Stock option exercises 83,090 950
Taxes paid related to net share settlement of equity awards (32,022) (17,376)
Other financing activities (3,240) 1,681
Allocable to non-controlling interests in Consolidated Funds:    
Cash and cash equivalents, beginning of period 110,247  
Cash and cash equivalents, end of period 152,203  
Consolidated Funds    
Cash flows from operating activities:    
Adjustments to reconcile net income to net cash used in operating activities (1,826,610) (2,181,999)
Cash flows due to changes in operating assets and liabilities (220,577) (35,683)
Allocable to non-controlling interests in Consolidated Funds:    
Contributions from non-controlling interests in Consolidated Funds 164,890 70,990
Distributions to non-controlling interests in Consolidated Funds (65,575) (46,795)
Borrowings under loan obligations by Consolidated Funds 2,482,341 3,135,421
Repayments under loan obligations by Consolidated Funds (585,496) $ (986,699)
Cash and cash equivalents, beginning of period 384,644  
Cash and cash equivalents, end of period $ 575,621