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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Total revenues $ 707,363 $ 813,362
Expenses    
Compensation and benefits 412,951 360,781
Performance related compensation (50,532) 111,658
General, administrative and other expenses 170,928 148,345
Expenses of Consolidated Funds 5,146 7,852
Total expenses 538,493 628,636
Other income (expense)    
Total other income, net 62,178 56,396
Income before taxes 231,048 241,122
Income tax expense 27,233 33,806
Net income 203,815 207,316
Less: Net income attributable to non-controlling interests in Consolidated Funds 66,716 26,693
Net income (loss) 137,099 180,623
Less: Net income (loss) attributable to redeemable interest in Ares Operating Group entities 73 (1,824)
Less: Net income attributable to non-controlling interests in Ares Operating Group entities 63,999 88,408
Net income attributable to Ares Management Corporation Class A and non-voting common stockholders $ 73,027 $ 94,039
Weighted-average shares of Class A and non-voting common stock:    
Diluted (in shares) 192,622,609 178,976,022
Class A Common Stock and Non-Voting Common Stock    
Other income (expense)    
Net income attributable to Ares Management Corporation Class A and non-voting common stockholders $ 73,027 $ 94,039
Net income per share of Class A and non-voting common stock:    
Basic (in dollars per share) $ 0.33 $ 0.49
Diluted (in dollars per share) $ 0.33 $ 0.49
Weighted-average shares of Class A and non-voting common stock:    
Basic (in shares) 192,622,609 178,976,022
Diluted (in shares) 192,622,609 178,976,022
Ares Operating Group    
Other income (expense)    
Net realized and unrealized gains on investments $ 10,516 $ 1,515
Interest and dividend income 5,382 3,839
Interest expense (37,824) (24,986)
Other income (expense), net 270 (923)
Net income (loss) 137,099 180,623
Less: Net income (loss) attributable to redeemable interest in Ares Operating Group entities 73 (1,824)
Less: Net income attributable to non-controlling interests in Ares Operating Group entities 63,999 88,408
Consolidated Funds     
Expenses    
Expenses of Consolidated Funds 5,146 7,852
Other income (expense)    
Net realized and unrealized gains on investments 34,424 10,700
Interest expense (207,866) (156,687)
Interest and other income of Consolidated Funds 257,276 222,938
Less: Net income attributable to non-controlling interests in Consolidated Funds 66,716 26,693
Management fees    
Revenues    
Total revenues 687,692 600,516
Carried interest allocation    
Revenues    
Total revenues (32,478) 151,488
Incentive fees    
Revenues    
Total revenues 8,667 8,923
Principal investment income    
Revenues    
Total revenues 7,050 22,758
Administrative, transaction and other fees    
Revenues    
Total revenues $ 36,432 $ 29,677