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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Total revenues $ 788,682 $ 1,093,286 $ 1,496,045 $ 1,906,648
Expenses        
Compensation and benefits 419,858 367,550 832,809 728,331
Performance related compensation (28,985) 315,780 (79,517) 427,438
General, administrative and other expenses 169,432 141,153 340,360 289,498
Expenses of Consolidated Funds 4,239 13,255 9,385  
Total expenses 564,544 837,738 1,103,037 1,466,374
Other income (expense)        
Total other income, net 93,187 126,421 155,365 182,817
Income before taxes 317,325 381,969 548,373 623,091
Income tax expense 41,074 49,714 68,307 83,520
Net income 276,251 332,255 480,066 539,571
Less: Net income attributable to non-controlling interests in Consolidated Funds 105,489 67,681 172,205  
Net income (loss) 170,762 264,574 307,861 445,197
Less: Net income (loss) attributable to redeemable interest in Ares Operating Group entities (387) 734 (314)  
Less: Net income attributable to non-controlling interests in Ares Operating Group entities 76,211 119,326 140,210  
Net income attributable to Ares Management Corporation Class A and non-voting common stockholders 94,938 144,514 167,965 $ 238,553
Weighted-average shares of Class A and non-voting common stock:        
Diluted (in shares)       192,161,816
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 $ 94,938 $ 144,514 $ 167,965 $ 238,553
Net income per share of Class A and non-voting common stock:        
Basic (in dollars per share) $ 0.43 $ 0.75 $ 0.76 $ 1.25
Diluted (in dollars per share) $ 0.43 $ 0.74 $ 0.76 $ 1.24
Weighted-average shares of Class A and non-voting common stock:        
Basic (in shares) 196,186,922 182,999,515 194,404,932 180,998,934
Diluted (in shares) 196,186,922 194,058,041 194,404,932 192,161,816
Ares Operating Group        
Other income (expense)        
Net realized and unrealized gains on investments $ 8,339 $ 5,481 $ 18,855 $ 6,996
Interest and dividend income 7,017 2,690 12,399 6,529
Interest expense (37,500) (25,839) (75,324) (50,825)
Other expense, net (938) (5,887) (668) (6,810)
Net income (loss) 170,762 264,574 307,861 445,197
Less: Net income (loss) attributable to redeemable interest in Ares Operating Group entities (387) 734 (314) (1,090)
Less: Net income attributable to non-controlling interests in Ares Operating Group entities 76,211 119,326 140,210 207,734
Consolidated Funds         
Expenses        
Expenses of Consolidated Funds 4,239 13,255 9,385 21,107
Other income (expense)        
Net realized and unrealized gains on investments 93,523 98,426 127,947 109,126
Interest expense (217,613) (182,904) (425,479) (339,591)
Interest and other income of Consolidated Funds 240,359 234,454 497,635 457,392
Less: Net income attributable to non-controlling interests in Consolidated Funds 105,489 67,681 172,205 94,374
Management fees        
Revenues        
Total revenues 721,681 615,271 1,409,373 1,215,787
Carried interest allocation        
Revenues        
Total revenues (51,167) 418,466 (83,645) 569,954
Incentive fees        
Revenues        
Total revenues 47,734 7,950 56,401 16,873
Principal investment income        
Revenues        
Total revenues 29,461 6,888 36,511 29,646
Administrative, transaction and other fees        
Revenues        
Total revenues $ 40,973 $ 44,711 $ 77,405 $ 74,388