EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2024

Schedule of the Computation of Basic and Diluted Earnings per Common Share

The following table presents the computation of basic and diluted earnings per common share:


	Three months ended September 30,				Nine months ended September 30,
	2024		2023		2024		2023
Basic earnings per share of Class A and non-voting common stock:
Net income attributable to Ares Management Corporation Class A and non-voting common stockholders	$	118,460	$	61,823	$	286,425	$	300,376
Dividends declared and paid on Class A and non-voting common stock	(187,696)		(144,623)		(553,867)		(425,263)
Distributions on unvested restricted units	(7,829)		(5,337)		(22,692)		(15,969)

Dividends in excess of earnings available to Class A and non-voting common stockholders	$	(77,065)	$	(88,137)	$	(290,134)	$	(140,856)
Basic weighted-average shares of Class A and non-voting common stock	200,724,068		186,218,638		196,526,832		182,757,955
Dividends in excess of earnings per share of Class A and non-voting common stock	$	(0.38)	$	(0.47)	$	(1.48)	$	(0.77)
Dividend declared and paid per Class A and non-voting common stock	0.93		0.77		2.79		2.31
Basic earnings per share of Class A and non-voting common stock	$	0.55	$	0.30	$	1.31	$	1.54

Diluted earnings per share of Class A and non-voting common stock:
Net income attributable to Ares Management Corporation Class A and non-voting common stockholders	$	118,460	$	61,823	$	286,425	$	300,376
Distributions on unvested restricted units	(7,829)		(5,337)		(22,692)		(15,969)
Net income available to Class A and non-voting common stockholders	$	110,631	$	56,486	$	263,733	$	284,407




Diluted weighted-average shares of Class A and non-voting common stock	200,724,068		186,218,638		196,526,832		182,757,955
Diluted earnings per share of Class A and non-voting common stock	$	0.55	$	0.30	$	1.31	$	1.54