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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues    
Total revenues $ 714,999 $ 658,388
Expenses    
Compensation and benefits 357,243  
Performance related compensation 129,405  
General, administrative and other expenses 120,523  
Total expenses 611,684 525,109
Other income (expense)    
Net realized and unrealized gains on investments 8,109  
Interest and dividend income 1,502  
Interest expense (15,646)  
Other income (expense), net 1,784  
Total other income 57,994 56,785
Income before taxes 161,309 190,064
Income tax expense 20,411 25,754
Net income 140,898 164,310
Net income attributable to Ares Management Corporation 45,863 58,378
Less: Series A Preferred Stock dividends paid 0 5,425
Net income attributable to Ares Management Corporation Class A and non-voting common stockholders $ 45,863 $ 52,953
Class A Common Stock    
Net income per share of Class A and non-voting common stock:    
Basic (in dollars per share) $ 0.24 $ 0.33
Diluted (in dollars per share) $ 0.24 $ 0.32
Weighted-average shares of Class A and non-voting common stock:    
Basic (in shares) 174,215,251 149,271,822
Diluted (in shares) 174,215,251 163,664,384
Non- voting Common Stock    
Net income per share of Class A and non-voting common stock:    
Basic (in dollars per share) $ 0.24 $ 0.33
Diluted (in dollars per share) $ 0.24 $ 0.32
Weighted-average shares of Class A and non-voting common stock:    
Basic (in shares) 174,215,251 149,271,822
Diluted (in shares) 174,215,251 163,664,384
Consolidated Funds     
Expenses    
Expenses of Consolidated Funds $ 4,513 $ 4,171
Other income (expense)    
Net realized and unrealized gains on investments 15,968 16,422
Interest expense (74,013) (71,025)
Interest and other income of Consolidated Funds 120,290 115,839
Less: Net income attributable to non-controlling interests 47,382 49,858
Ares Operating Group    
Other income (expense)    
Net income 93,516 114,452
Less: Net income attributable to non-controlling interests 47,254 56,042
Less: Net income attributable to redeemable interest in Ares Operating Group entities 399 32
Ares Management L.P    
Revenues    
Total revenues 714,999 658,388
Expenses    
Compensation and benefits 357,243 231,850
Performance related compensation 129,405 221,432
General, administrative and other expenses 120,523 67,656
Other income (expense)    
Net realized and unrealized gains on investments 8,109 5,433
Interest and dividend income 1,502 960
Interest expense (15,646) (6,695)
Other income (expense), net 1,784 (4,149)
Management fees    
Revenues    
Total revenues 477,332  
Management fees | Ares Management L.P    
Revenues    
Total revenues 477,332 320,273
Carried interest allocation    
Revenues    
Total revenues 178,289  
Carried interest allocation | Ares Management L.P    
Revenues    
Total revenues 178,289 297,535
Incentive fees    
Revenues    
Total revenues 16,422  
Incentive fees | Ares Management L.P    
Revenues    
Total revenues 16,422 2,820
Principal investment income    
Revenues    
Total revenues 8,326  
Principal investment income | Ares Management L.P    
Revenues    
Total revenues 8,326 25,100
Administrative, transaction and other fees    
Revenues    
Total revenues 34,630  
Administrative, transaction and other fees | Ares Management L.P    
Revenues    
Total revenues $ 34,630 $ 12,660