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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues        
Total revenues $ 948,719 $ 489,866 $ 2,901,926 $ 1,106,033
Expenses        
Compensation and benefits 335,569   837,108  
Performance related compensation 331,141   1,208,954  
General, administrative and other expenses 134,453   285,471  
Total expenses 813,267 392,580 2,363,108 958,106
Other income (expense)        
Net realized and unrealized gains (losses) on investments 8,334   18,744  
Interest and dividend income 1,376   6,818  
Interest expense (11,523)   (25,125)  
Other income, net 36,654   30,686  
Total other income (expense) 111,536 62,355 218,011 (43,602)
Income (loss) before taxes 246,988 159,641 756,829 104,325
Income tax expense 30,275 18,314 104,487 22,119
Net income (loss) 216,713 141,327 652,342 82,206
Net income attributable to Ares Management Corporation 84,726 47,545 284,748 72,880
Less: Series A Preferred Stock dividends paid 0 5,425 10,850 16,275
Less: Series A Preferred Stock redemption premium 0 0 11,239 0
Net income attributable to Ares Management Corporation Class A and non-voting common stockholders $ 84,726 $ 42,120 $ 262,659 $ 56,605
Class A Common Stock        
Net income per share of Class A and non-voting common stock:        
Basic (in dollars per share) $ 0.49 $ 0.27 $ 1.55 $ 0.37
Diluted (in dollars per share) $ 0.45 $ 0.27 $ 1.48 $ 0.37
Weighted-average shares of Class A and non-voting common stock:        
Basic (in shares) 168,931,621 143,466,209 161,071,151 131,866,471
Diluted (in shares) 186,522,157 158,122,563 177,143,438 131,866,471
Consolidated Funds        
Expenses        
Expenses of Consolidated Funds $ 12,104 $ 6,019 $ 31,575 $ 16,706
Other income (expense)        
Net realized and unrealized gains (losses) on investments 34,245 17,971 44,720 (153,268)
Interest expense (61,578) (66,322) (191,577) (222,860)
Interest and other income of Consolidated Funds 104,028 116,581 333,745 346,120
Less: Net income (loss) attributable to non-controlling interests 47,370 42,627 102,255 (38,593)
Ares Operating Group        
Other income (expense)        
Net income (loss) 169,343 98,700 550,087 120,799
Less: Net income (loss) attributable to non-controlling interests 84,293 52,162 264,646 48,926
Less: Net income (loss) attributable to redeemable interest in Ares Operating Group entities 324 (1,007) 693 (1,007)
Ares Management L.P        
Revenues        
Total revenues 948,719 489,866 2,901,926 1,106,033
Expenses        
Compensation and benefits 335,569 194,267 837,108 559,482
Performance related compensation 331,141 122,356 1,208,954 191,565
General, administrative and other expenses 134,453 69,938 285,471 190,353
Other income (expense)        
Net realized and unrealized gains (losses) on investments 8,334 (2,607) 18,744 (10,351)
Interest and dividend income 1,376 1,344 6,818 5,112
Interest expense (11,523) (6,815) (25,125) (18,203)
Other income, net 36,654 2,203 30,686 9,848
Management fees        
Revenues        
Total revenues 448,262   1,135,821  
Management fees | Ares Management L.P        
Revenues        
Total revenues 448,262 292,434 1,135,821 823,150
Carried interest allocation        
Revenues        
Total revenues 460,651   1,610,707  
Carried interest allocation | Ares Management L.P        
Revenues        
Total revenues 460,651 168,978 1,610,707 241,380
Incentive fees        
Revenues        
Total revenues 696   19,420  
Incentive fees | Ares Management L.P        
Revenues        
Total revenues 696 7,194 19,420 4,276
Principal investment income        
Revenues        
Total revenues 14,250   86,477  
Principal investment income | Ares Management L.P        
Revenues        
Total revenues 14,250 11,408 86,477 8,330
Administrative, transaction and other fees        
Revenues        
Total revenues 24,860   49,501  
Administrative, transaction and other fees | Ares Management L.P        
Revenues        
Total revenues $ 24,860 $ 9,852 $ 49,501 $ 28,897