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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues                      
Total revenues $ 436,929 $ 466,490 $ 384,822 $ 477,197 $ 247,432 $ 240,777 $ 204,163 $ 266,089   $ 958,461 $ 1,479,943
Expenses                      
Total expenses 362,288 395,701 335,701 369,107 215,874 227,188 221,017 206,283 $ 1,462,797 870,362 1,504,758
Other income (expense)                      
Total other income 26,620 32,787 35,262 27,870 (12,678) 38,754 67,926 2,240 122,539 96,242 174,674
Income before taxes 101,261 103,576 84,383 135,960 18,880 52,343 51,072 62,046 425,180 184,341 149,859
Income tax expense (benefit)                 52,376 32,202 (23,052)
Net income 84,475 91,875 74,878 121,576 16,337 47,212 14,169 74,421 372,804 152,139 172,911
Net income attributable to non-controlling interests related to consolidated VIEs                     35,915
Net income attributable to Ares Management Corporation 38,465 33,331 32,139 44,949 11,937 15,910 (11,775) 40,948 148,884 57,020 76,178
Less: Series A Preferred Stock dividends paid 5,425 5,425 5,425 5,425 5,425 5,425 5,425 5,425 21,700 21,700 21,700
Net income attributable to Ares Management Corporation Class A common stockholders $ 33,040 $ 27,906 $ 26,714 $ 39,524 $ 6,512 $ 10,485 $ (17,200) $ 35,523 $ 127,184 $ 35,320 $ 54,478
Net income per share of Class A common stock                      
Basic (in dollars per share) $ 0.27 $ 0.24 $ 0.24 $ 0.36 $ 0.05 $ 0.09 $ (0.20) $ 0.39 $ 1.11 $ 0.30 $ 0.62
Diluted (in dollars per share) $ 0.25 $ 0.23 $ 0.23 $ 0.36 $ 0.05 $ 0.09 $ (0.20) $ 0.28 $ 1.06 $ 0.30 $ 0.62
Weighted-average shares of Class A common stock:                      
Basic (in shares) [1]                 107,914,953 96,023,147 81,838,007
Diluted (in shares)                 119,877,429 96,023,147 81,838,007
Consolidated Funds                      
Expenses                      
Expenses of Consolidated Funds                 $ 42,045 $ 53,764 $ 39,020
Other income (expense)                      
Net realized and unrealized gains (losses) on investments                 15,136 (1,583) 100,124
Interest expense                 (277,745) (222,895) (126,727)
Interest and other income of Consolidated Funds                 395,599 337,875 187,721
Net income attributable to non-controlling interests related to consolidated VIEs                 39,704 20,512 60,818
AOG                      
Other income (expense)                      
Net income attributable to non-controlling interests related to consolidated VIEs                 184,216 74,607 35,915
Ares Management L.P                      
Revenues                      
Total revenues                 1,765,438 958,461 1,479,943
Expenses                      
Compensation and benefits                 653,352 570,380 514,109
Performance related compensation                 497,181 30,254 479,722
General, administrative and other expenses                 270,219 215,964 196,730
Transaction support expense                 0 0 275,177
Total expenses                   870,362  
Other income (expense)                      
Net realized and unrealized gains (losses) on investments                 9,554 (1,884) 8,262
Interest and dividend income                 7,506 7,028 7,043
Interest expense                 (19,671) (21,448) (21,219)
Other income (expense), net                 (7,840) (851) 19,470
Total other income                   96,242  
Income tax expense (benefit)                 52,906 32,071 (24,939)
Management fees | Ares Management L.P                      
Revenues                      
Total revenues                 979,417 802,502 722,419
Carried interest allocation                      
Revenues                      
Total revenues                 621,872    
Carried interest allocation | Ares Management L.P                      
Revenues                      
Total revenues                 621,872 42,410 620,454
Incentive fees | Ares Management L.P                      
Revenues                      
Total revenues                 69,197 63,380 16,220
Principal investment income (loss) | Ares Management L.P                      
Revenues                      
Total revenues                 56,555 (1,455) 64,444
Administrative, transaction and other fees                      
Revenues                      
Total revenues                 0    
Administrative, transaction and other fees | Ares Management L.P                      
Revenues                      
Total revenues                 $ 38,397 $ 51,624 $ 56,406
[1] Year ended December 31, 2017 represents common units.