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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Revenues          
Total revenues $ 13,409       $ 477,197
Expenses          
Total expenses 81,959       369,107
Other income (expense)          
Total other income (expense) (227,863)       27,870
Income (loss) before taxes (296,413)       135,960
Income tax expense (benefit) (20,616)       14,384
Net income (loss) (275,797) $ 84,475 $ 91,875 $ 74,878 121,576
Net income (loss) attributable to Ares Management Corporation (31,036)       44,949
Less: Series A Preferred Stock dividends paid 5,425       5,425
Net income (loss) attributable to Ares Management Corporation Class A common stockholders $ (36,461)       $ 39,524
Net income (loss) attributable per share of Class A common stock          
Basic (in dollars per share) $ (0.33)       $ 0.36
Diluted (in dollars per share) $ (0.33)       $ 0.36
Weighted-average shares of Class A common stock:          
Basic (in shares) 118,366,539       102,906,494
Diluted (in shares) 118,366,539       110,699,112
Consolidated Funds          
Expenses          
Expenses of Consolidated Funds $ 7,443       $ 4,554
Other income (expense)          
Net realized and unrealized gains (losses) on investments (254,761)       4,364
Interest expense (80,241)       (64,912)
Interest and other income of Consolidated Funds 113,225       93,184
Net income (loss) attributable to non-controlling interests related to consolidated VIEs (166,406)       17,624
AOG          
Other income (expense)          
Net income (loss) attributable to non-controlling interests related to consolidated VIEs (78,355)       59,003
Ares Management L.P          
Revenues          
Total revenues 13,409       477,197
Expenses          
Compensation and benefits 180,084       156,846
Performance related compensation (167,899)       156,520
General, administrative and other expenses 62,331       51,187
Other income (expense)          
Net realized and unrealized gains (losses) on investments (8,034)       3,476
Interest and dividend income 1,790       1,844
Interest expense (5,306)       (5,589)
Other income (expense), net 5,464       (4,497)
Management fees | Ares Management L.P          
Revenues          
Total revenues 263,849       224,659
Carried interest allocation | Ares Management L.P          
Revenues          
Total revenues (230,876)       197,293
Incentive fees | Ares Management L.P          
Revenues          
Total revenues (3,249)       16,815
Principal investment income (loss) | Ares Management L.P          
Revenues          
Total revenues (26,723)       28,759
Administrative, transaction and other fees          
Revenues          
Total revenues 0       0
Administrative, transaction and other fees | Ares Management L.P          
Revenues          
Total revenues $ 10,408       $ 9,671