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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Total revenues $ 489,866 $ 466,490 $ 1,106,033 $ 1,328,509
Expenses        
Total expenses 392,580 395,701 958,106 1,100,509
Other income (expense)        
Total other income (expense) 62,355 32,787 (43,602) 95,919
Income before taxes 159,641 103,576 104,325 323,919
Income tax expense 18,314 11,701 22,119 35,590
Net income 141,327 91,875 82,206 288,329
Net income attributable to Ares Management Corporation 47,545 33,331 72,880 110,419
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 $ 42,120 $ 27,906 $ 56,605 $ 94,144
Weighted-average shares of Class A common stock:        
Basic (in shares)       105,546,219
Class A common stock        
Net income per share of Class A common stock:        
Basic (in dollars per share) $ 0.27 $ 0.24 $ 0.37 $ 0.84
Diluted (in dollars per share) $ 0.27 $ 0.23 $ 0.37 $ 0.81
Weighted-average shares of Class A common stock:        
Basic (in shares) 143,466,209 108,481,929 131,866,471  
Diluted (in shares) 158,122,563 121,890,022 131,866,471 116,418,136
Consolidated Funds        
Expenses        
Expenses of Consolidated Funds $ 6,019 $ 10,884 $ 16,706 $ 30,865
Other income (expense)        
Net realized and unrealized gains (losses) on investments 17,971 (992) (153,268) 3,256
Interest expense (66,322) (71,134) (222,860) (204,051)
Interest and other income of Consolidated Funds 116,581 107,922 346,120 303,312
Net income attributable to non-controlling interests 42,627 15,908 (38,593) 41,878
AOG        
Other income (expense)        
Less: Net loss attributable to redeemable interest in Ares Operating Group entities (1,007) 0 (1,007) 0
Net income attributable to non-controlling interests 52,162 42,636 48,926 136,032
Ares Management L.P        
Revenues        
Total revenues 489,866 466,490 1,106,033 1,328,509
Expenses        
Compensation and benefits 194,267 166,216 559,482 485,232
Performance related compensation 122,356 139,216 191,565 388,424
General, administrative and other expenses 69,938 79,385 190,353 195,988
Other income (expense)        
Net realized and unrealized gains (losses) on investments (2,607) 1,522 (10,351) 5,519
Interest and dividend income 1,344 2,030 5,112 5,526
Interest expense (6,815) (4,691) (18,203) (16,073)
Other income (expense), net 2,203 (1,870) 9,848 (1,570)
Management fees | Ares Management L.P        
Revenues        
Total revenues 292,434 251,591 823,150 714,096
Carried interest allocation        
Revenues        
Total revenues     241,380  
Carried interest allocation | Ares Management L.P        
Revenues        
Total revenues 168,978 186,803 241,380 503,808
Incentive fees | Ares Management L.P        
Revenues        
Total revenues 7,194 1,712 4,276 28,747
Principal investment income | Ares Management L.P        
Revenues        
Total revenues 11,408 11,389 8,330 45,992
Administrative, transaction and other fees        
Revenues        
Total revenues 0 0 0  
Administrative, transaction and other fees | Ares Management L.P        
Revenues        
Total revenues $ 9,852 $ 14,995 $ 28,897 $ 35,866