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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues        
Total revenues $ 1,093,286 $ 601,430 $ 1,906,648 $ 1,316,429
Expenses        
Compensation and benefits 367,550 375,775 728,331 729,612
Performance related compensation 315,780 41,073 427,438 173,884
General, administrative and other expenses 141,153 122,566 289,498 243,089
Total expenses 837,738 552,868 1,466,374 1,164,552
Other income (expense)        
Net realized and unrealized gains (losses) on investments 5,481 (1,775) 6,996 6,334
Interest and dividend income 2,690 1,476 6,529 2,978
Interest expense (25,839) (17,221) (50,825) (32,867)
Other income (expense), net (5,887) 5,809 (6,810) 7,593
Total other income, net 126,421 18,504 182,817 76,498
Income before taxes 381,969 67,066 623,091 228,375
Income tax expense 49,714 13,460 83,520 33,871
Net income 332,255 53,606 539,571 194,504
Net income attributable to Ares Management Corporation Class A and non-voting common stockholders $ 144,514 $ 39,731 $ 238,553 $ 85,594
Class A Common Stock        
Net income per share of Class A and non-voting common stock:        
Basic (in dollars per share) $ 0.75 $ 0.21 $ 1.25 $ 0.45
Diluted (in dollars per share) $ 0.74 $ 0.21 $ 1.24 $ 0.45
Weighted-average shares of Class A and non-voting common stock:        
Basic (in shares) 182,999,515 175,157,558 180,998,934 174,694,645
Diluted (in shares) 194,058,041 175,157,558 192,161,816 174,694,645
Non-voting Common Stock        
Net income per share of Class A and non-voting common stock:        
Basic (in dollars per share) $ 0.75 $ 0.21 $ 1.25 $ 0.45
Diluted (in dollars per share) $ 0.74 $ 0.21 $ 1.24 $ 0.45
Weighted-average shares of Class A and non-voting common stock:        
Basic (in shares) 182,999,515 175,157,558 180,998,934 174,694,645
Diluted (in shares) 194,058,041 175,157,558 192,161,816 174,694,645
Consolidated Funds         
Expenses        
Expenses of Consolidated Funds $ 13,255 $ 13,454 $ 21,107 $ 17,967
Other income (expense)        
Net realized and unrealized gains (losses) on investments 98,426 (7,907) 109,126 8,061
Interest expense (182,904) (79,253) (339,591) (153,266)
Interest and other income of Consolidated Funds 234,454 117,375 457,392 237,665
Less: Net income (loss) attributable to non-controlling interests 67,681 (15,022) 94,374 32,360
AOG Units        
Other income (expense)        
Net income 264,574 68,628 445,197 162,144
Less: Net income (loss) attributable to non-controlling interests 119,326 29,354 207,734 76,608
Less: Net income (loss) attributable to redeemable interest in Ares Operating Group entities 734 (457) (1,090) (58)
Management fees        
Revenues        
Total revenues 615,271 520,560 1,215,787 997,892
Carried interest allocation        
Revenues        
Total revenues 418,466 47,304 569,954 225,593
Incentive fees        
Revenues        
Total revenues 7,950 4,675 16,873 21,097
Principal investment income (loss)        
Revenues        
Total revenues 6,888 (4,387) 29,646 3,939
Administrative, transaction and other fees        
Revenues        
Total revenues $ 44,711 $ 33,278 $ 74,388 $ 67,908