QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2019

Unaudited quarterly information for each of the three months in the years ended December 31, 2019 and 2018 are presented below.


	For the Three Months Ended
	March 31, 2019		June 30, 2019		September 30, 2019		December 31, 2019
Revenues	$	477,197	$	384,822	$	466,490	$	436,929
Expenses	369,107		335,701		395,701		362,288
Other income	27,870		35,262		32,787		26,620
Income before taxes	135,960		84,383		103,576		101,261
Net income	121,576		74,878		91,875		84,475
Net income attributable to Ares Management Corporation	44,949		32,139		33,331		38,465
Series A Preferred Stock dividends paid	5,425		5,425		5,425		5,425
Net income attributable to Ares Management Corporation Class A common stockholders	39,524		26,714		27,906		33,040
Net income per share of Class A common stock
Basic	$	0.36	$	0.24	$	0.24	$	0.27
Diluted	$	0.36	$	0.23	$	0.23	$	0.25
Dividends declared per share of Class A common stock	$	0.32	$	0.32	$	0.32	$	0.32


	For the Three Months Ended
	March 31, 2018		June 30, 2018		September 30, 2018		December 31, 2018
Revenues	$	266,089	$	204,163	$	240,777	$	247,432
Expenses	206,283		221,017		227,188		215,874
Other income (loss)	2,240		67,926		38,754		(12,678)
Income before taxes	62,046		51,072		52,343		18,880
Net income	74,421		14,169		47,212		16,337
Net income (loss) attributable to Ares Management Corporation(1)	40,948		(11,775)		15,910		11,937
Series A Preferred Stock dividends paid	5,425		5,425		5,425		5,425
Net income (loss) attributable to Ares Management Corporation Class A common stockholders(1)	35,523		(17,200)		10,485		6,512
Net income (loss) per share of Class A common stock(1):
Basic	$	0.39	$	(0.20)	$	0.09	$	0.05
Diluted	$	0.28	$	(0.20)	$	0.09	$	0.05
Dividends declared per share of Class A common stock(1)	$	0.24	$	0.28	$	0.28	$	0.28

(1)Periods prior to the Conversion on November 26, 2018 were attributable to Ares Management L.P. common shareholders.