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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Total revenues $ 601,430 $ 1,294,819 $ 1,316,429 $ 1,953,207
Expenses        
Compensation and benefits 375,775 269,689 729,612 501,539
Performance related compensation 41,073 656,381 173,884 877,813
General, administrative and other expenses 122,566 83,362 243,089 151,018
Total expenses 552,868 1,024,732 1,164,552 1,549,841
Other income (expense)        
Net realized and unrealized gains (losses) on investments (1,775) 4,977 6,334 10,410
Interest and dividend income 1,476 4,482 2,978 5,442
Interest expense (17,221) (6,907) (32,867) (13,602)
Other income (expense), net 5,809 (1,819) 7,593 (5,968)
Total other income (expense) 18,504 49,690 76,498 106,475
Income before taxes 67,066 319,777 228,375 509,841
Income tax expense 13,460 48,458 33,871 74,212
Net income 53,606 271,319 194,504 435,629
Net income attributable to Ares Management Corporation 39,731 141,644 85,594 200,022
Less: Series A Preferred Stock dividends paid 0 5,425 0 10,850
Less: Series A Preferred Stock redemption premium 0 11,239 0 11,239
Net income attributable to Ares Management Corporation Class A and non-voting common stockholders $ 39,731 $ 124,980 $ 85,594 $ 177,933
Class A Common Stock        
Net income per share of Class A and non-voting common stock:        
Basic (in dollars per share) $ 0.21 $ 0.70 $ 0.45 $ 1.07
Diluted (in dollars per share) $ 0.21 $ 0.69 $ 0.45 $ 1.03
Weighted-average shares of Class A and non-voting common stock:        
Basic (in shares) 175,157,558 164,793,968 174,694,645 157,075,774
Diluted (in shares) 175,157,558 181,027,734 174,694,645 172,388,938
Non-voting Common Stock        
Net income per share of Class A and non-voting common stock:        
Basic (in dollars per share) $ 0.21 $ 0.70 $ 0.45 $ 1.07
Diluted (in dollars per share) $ 0.21 $ 0.69 $ 0.45 $ 1.03
Weighted-average shares of Class A and non-voting common stock:        
Basic (in shares) 175,157,558 164,793,968 174,694,645 157,075,774
Diluted (in shares) 175,157,558 181,027,734 174,694,645 172,388,938
Consolidated Funds         
Expenses        
Expenses of Consolidated Funds $ 13,454 $ 15,300 $ 17,967 $ 19,471
Other income (expense)        
Net realized and unrealized gains (losses) on investments (7,907) (5,947) 8,061 10,475
Interest expense (79,253) (58,974) (153,266) (129,999)
Interest and other income of Consolidated Funds 117,375 113,878 237,665 229,717
Less: Net income (loss) attributable to non-controlling interests (15,022) 5,027 32,360 54,885
Ares Operating Group        
Other income (expense)        
Net income 68,628 266,292 162,144 380,744
Less: Net income (loss) attributable to non-controlling interests 29,354 124,311 76,608 180,353
Less: Net income (loss) attributable to redeemable interest in Ares Operating Group entities (457) 337 (58) 369
Ares Management L.P        
Revenues        
Total revenues 601,430 1,294,819 1,316,429 1,953,207
Expenses        
Compensation and benefits 375,775   729,612  
Performance related compensation 41,073   173,884  
General, administrative and other expenses 122,566   243,089  
Other income (expense)        
Net realized and unrealized gains (losses) on investments (1,775)   6,334  
Interest and dividend income 1,476   2,978  
Interest expense (17,221)   (32,867)  
Other income (expense), net 5,809   7,593  
Management fees        
Revenues        
Total revenues 520,560 367,286 997,892 687,559
Management fees | Ares Management L.P        
Revenues        
Total revenues 520,560   997,892  
Carried interest allocation        
Revenues        
Total revenues 47,304 852,521 225,593 1,150,056
Carried interest allocation | Ares Management L.P        
Revenues        
Total revenues 47,304   225,593  
Incentive fees        
Revenues        
Total revenues 4,675 15,904 21,097 18,724
Incentive fees | Ares Management L.P        
Revenues        
Total revenues 4,675   21,097  
Principal investment income (loss)        
Revenues        
Total revenues (4,387) 47,127 3,939 72,227
Principal investment income (loss) | Ares Management L.P        
Revenues        
Total revenues (4,387)   3,939  
Administrative, transaction and other fees        
Revenues        
Total revenues 33,278 $ 11,981 67,908 $ 24,641
Administrative, transaction and other fees | Ares Management L.P        
Revenues        
Total revenues $ 33,278   $ 67,908