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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues        
Total revenues $ 1,129,739 $ 671,255 $ 2,625,784 $ 2,577,903
Expenses        
Compensation and benefits 435,876 367,502 1,268,685 1,095,833
Performance related compensation 219,697 (25,448) 140,180 401,990
General, administrative and other expenses 197,019 211,842 537,379 501,340
Expenses of Consolidated Funds 2,295 7,064 11,680  
Total expenses 854,887 560,960 1,957,924 2,027,334
Other income (expense)        
Total other income, net 52,254 116,577 207,619 299,394
Income before taxes 327,106 226,872 875,479 849,963
Income tax expense 46,453 29,898 114,760 113,418
Net income 280,653 196,974 760,719 736,545
Less: Net income attributable to non-controlling interests in Consolidated Funds 64,241 80,289 236,446  
Net income (loss) 216,412 116,685 524,273 561,882
Less: Net income (loss) attributable to redeemable interest in Ares Operating Group entities 1,319 758 1,005  
Less: Net income attributable to non-controlling interests in Ares Operating Group entities 96,633 54,104 236,843  
Net income attributable to Ares Management Corporation Class A and non-voting common stockholders 118,460 61,823 286,425 $ 300,376
Weighted-average shares of Class A and non-voting common stock:        
Diluted (in shares)       182,757,955
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 $ 118,460 $ 61,823 $ 286,425 $ 300,376
Net income per share of Class A and non-voting common stock:        
Basic (in dollars per share) $ 0.55 $ 0.30 $ 1.31 $ 1.54
Diluted (in dollars per share) $ 0.55 $ 0.30 $ 1.31 $ 1.54
Weighted-average shares of Class A and non-voting common stock:        
Basic (in shares) 200,724,068 186,218,638 196,526,832 182,757,955
Diluted (in shares) 200,724,068 186,218,638 196,526,832 182,757,955
Consolidated Funds         
Expenses        
Expenses of Consolidated Funds $ 2,295 $ 7,064 $ 11,680 $ 28,171
Other income (expense)        
Net realized and unrealized gains on investments 64,831 79,591 192,778 188,717
Interest expense (201,199) (201,363) (626,678) (540,954)
Interest and other income of Consolidated Funds 234,681 255,600 732,316 712,992
Less: Net income attributable to non-controlling interests in Consolidated Funds 64,241 80,289 236,446 174,663
Ares Operating Group        
Other income (expense)        
Net realized and unrealized gains on investments (5,074) (1,770) 13,781 5,226
Interest and dividend income 7,553 4,752 19,952 11,281
Interest expense (29,733) (25,975) (105,057) (76,800)
Other income (expense), net (18,805) 5,742 (19,473) (1,068)
Net income (loss) 216,412 116,685 524,273 561,882
Less: Net income (loss) attributable to redeemable interest in Ares Operating Group entities 1,319 758 1,005 (332)
Less: Net income attributable to non-controlling interests in Ares Operating Group entities 96,633 54,104 236,843 261,838
Management fees        
Revenues        
Total revenues 753,597 637,517 2,162,970 1,853,304
Carried interest allocation        
Revenues        
Total revenues 277,651 (28,126) 194,006 541,828
Incentive fees        
Revenues        
Total revenues 48,638 16,454 105,039 33,327
Principal investment income        
Revenues        
Total revenues 8,036 9,339 44,547 38,985
Administrative, transaction and other fees        
Revenues        
Total revenues $ 41,817 $ 36,071 $ 119,222 $ 110,459