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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues    
Total revenues $ 813,362 $ 714,999
Expenses    
Compensation and benefits 360,781 357,243
Performance related compensation 111,658 129,405
General, administrative and other expenses 148,345 120,523
Total expenses 628,636 611,684
Other income (expense)    
Net realized and unrealized gains on investments 1,515 8,109
Interest and dividend income 3,839 1,502
Interest expense (24,986) (15,646)
Other income (expense), net (923) 1,784
Total other income (expense), net 56,396 57,994
Income before taxes 241,122 161,309
Income tax expense 33,806 20,411
Net income 207,316 140,898
Net income attributable to Ares Management Corporation Class A and non-voting common stockholders $ 94,039 $ 45,863
Class A Common Stock    
Net income per share of Class A and non-voting common stock:    
Basic (in dollars per share) $ 0.49 $ 0.24
Diluted (in dollars per share) $ 0.49 $ 0.24
Weighted-average shares of Class A and non-voting common stock:    
Basic (in shares) 178,976,022 174,215,251
Diluted (in shares) 178,976,022 174,215,251
Non-voting Common Stock    
Net income per share of Class A and non-voting common stock:    
Basic (in dollars per share) $ 0.49 $ 0.24
Diluted (in dollars per share) $ 0.49 $ 0.24
Weighted-average shares of Class A and non-voting common stock:    
Basic (in shares) 178,976,022 174,215,251
Diluted (in shares) 178,976,022 174,215,251
Consolidated Funds     
Expenses    
Expenses of Consolidated Funds $ 7,852 $ 4,513
Other income (expense)    
Net realized and unrealized gains on investments 10,700 15,968
Interest expense (156,687) (74,013)
Interest and other income of Consolidated Funds 222,938 120,290
Less: Net income (loss) attributable to non-controlling interests 26,693 47,382
Ares Operating Group    
Other income (expense)    
Net income 180,623 93,516
Less: Net income (loss) attributable to non-controlling interests 88,408 47,254
Less: Net income (loss) attributable to redeemable interest in Ares Operating Group entities (1,824) 399
Management fees    
Revenues    
Total revenues 600,516 477,332
Carried interest allocation    
Revenues    
Total revenues 151,488 178,289
Incentive fees    
Revenues    
Total revenues 8,923 16,422
Principal investment income    
Revenues    
Total revenues 22,758 8,326
Administrative, transaction and other fees    
Revenues    
Total revenues $ 29,677 $ 34,630