XML 105 R70.htm IDEA: XBRL DOCUMENT v3.20.2
SEGMENT REPORTING (Operating Segments) (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Segment reporting        
Total revenues $ 602,758 $ 384,822 $ 616,167 $ 862,019
Operating segment        
Segment reporting        
Fee related earnings 149,949 130,890 300,784 255,455
Performance income—realized 44,625 35,994 196,395 104,567
Performance related compensation—realized (37,044) (25,229) (155,037) (74,446)
Realized net investment income (loss) 11,107 6,940 24,878 21,325
Realized income (168,637) (148,595) (367,020) (306,901)
OMG        
Segment reporting        
Compensation and benefits (36,939) (33,994) (73,365) (66,655)
General, administrative and other expenses (16,053) (19,874) (37,358) (40,506)
Fee related earnings (52,992) (53,868) (110,723) (107,161)
Performance income—realized 0 0 0 0
Performance related compensation—realized 0 0 0 0
Realized net performance income 0 0 0 0
Investment income (loss)—realized 0 0 (5,698) 0
Interest and other investment income (expense) —realized (253) (17) (85) (2)
Interest expense (144) (399) (1,121) (795)
Realized net investment income (loss) (397) (416) (6,904) (797)
Realized income (53,389) (54,284) (117,627) (107,958)
Total        
Segment reporting        
Compensation and benefits (148,565) (132,178) (287,925) (255,667)
General, administrative and other expenses (36,288) (41,690) (81,474) (83,016)
Fee related earnings 96,957 77,022 190,061 148,294
Performance income—realized 44,625 35,994 196,395 104,567
Performance related compensation—realized (37,044) (25,229) (155,037) (74,446)
Realized net performance income 7,581 10,765 41,358 30,121
Investment income (loss)—realized 9,009 2,266 15,228 17,540
Interest and other investment income (expense) —realized 7,783 10,051 14,134 14,370
Interest expense (6,082) (5,793) (11,388) (11,382)
Realized net investment income (loss) 10,710 6,524 17,974 20,528
Realized income 115,248 94,311 249,393 198,943
Ares Management L.P        
Segment reporting        
Total revenues 602,758 384,822 616,167 862,019
Compensation and benefits (185,131) (162,170) (365,215) (319,016)
General, administrative and other expenses (58,084) (65,416) (120,415) (116,603)
Ares Management L.P | Affiliated entity | ARCC        
Segment reporting        
Management fees, part I fees 41,306 39,157 85,229 77,550
Ares Management L.P | Operating segment        
Segment reporting        
Compensation and benefits (111,626) (98,184) (214,560) (189,012)
General, administrative and other expenses (20,235) (21,816) (44,116) (42,510)
Fee related earnings 149,949 130,890 300,784 255,455
Performance income—realized 44,625 35,994 196,395 104,567
Performance related compensation—realized (37,044) (25,229) (155,037) (74,446)
Realized net performance income 7,581 10,765 41,358 30,121
Investment income (loss)—realized 9,009 2,266 20,926 17,540
Interest and other investment income (expense) —realized 8,036 10,068 14,219 14,372
Interest expense (5,938) (5,394) (10,267) (10,587)
Realized net investment income (loss) 11,107 6,940 24,878 21,325
Realized income 168,637 148,595 367,020 306,901
Ares Management L.P | Operating segment | Credit Group        
Segment reporting        
Compensation and benefits (76,765) (64,965) (147,690) (125,313)
General, administrative and other expenses (12,524) (13,381) (27,837) (26,886)
Fee related earnings 115,600 97,940 229,857 190,119
Performance income—realized 0 15,959 9,016 37,884
Performance related compensation—realized (112) (9,564) (8,011) (22,227)
Realized net performance income (112) 6,395 1,005 15,657
Investment income (loss)—realized 0 (310) (843) 548
Interest and other investment income (expense) —realized 6,629 4,631 11,204 7,536
Interest expense (2,336) (1,908) (4,051) (3,807)
Realized net investment income (loss) 4,293 2,413 6,310 4,277
Realized income 119,781 106,748 237,172 210,053
Ares Management L.P | Operating segment | Private Equity Group        
Segment reporting        
Compensation and benefits (22,126) (21,291) (41,722) (42,487)
General, administrative and other expenses (4,448) (4,912) (10,081) (8,969)
Fee related earnings 26,852 25,959 53,890 52,102
Performance income—realized 44,318 18,369 160,472 62,492
Performance related compensation—realized (36,741) (14,696) (129,665) (49,993)
Realized net performance income 7,577 3,673 30,807 12,499
Investment income (loss)—realized 8,045 1,030 19,515 11,966
Interest and other investment income (expense) —realized 487 3,318 1,299 3,612
Interest expense (2,247) (2,436) (3,890) (4,611)
Realized net investment income (loss) 6,285 1,912 16,924 10,967
Realized income 40,714 31,544 101,621 75,568
Ares Management L.P | Operating segment | Real Estate Group        
Segment reporting        
Compensation and benefits (12,735) (11,928) (25,148) (21,212)
General, administrative and other expenses (3,263) (3,523) (6,198) (6,655)
Fee related earnings 7,497 6,991 17,037 13,234
Performance income—realized 307 1,666 26,907 4,191
Performance related compensation—realized (191) (969) (17,361) (2,226)
Realized net performance income 116 697 9,546 1,965
Investment income (loss)—realized 964 1,546 2,254 5,026
Interest and other investment income (expense) —realized 920 2,119 1,716 3,224
Interest expense (1,355) (1,050) (2,326) (2,169)
Realized net investment income (loss) 529 2,615 1,644 6,081
Realized income 8,142 10,303 28,227 21,280
Management fees | OMG        
Segment reporting        
Total revenues 0 0 0 0
Management fees | Total        
Segment reporting        
Total revenues 277,672 246,279 551,450 479,291
Management fees | Ares Management L.P        
Segment reporting        
Total revenues 266,867 237,846 530,716 462,505
Management fees | Ares Management L.P | Operating segment        
Segment reporting        
Total revenues 277,672 246,279 551,450 479,291
Management fees | Ares Management L.P | Operating segment | Credit Group        
Segment reporting        
Total revenues 200,788 172,347 398,225 335,313
Management fees | Ares Management L.P | Operating segment | Private Equity Group        
Segment reporting        
Total revenues 53,396 52,162 105,553 103,558
Management fees | Ares Management L.P | Operating segment | Real Estate Group        
Segment reporting        
Total revenues 23,488 21,770 47,672 40,420
Other fees | OMG        
Segment reporting        
Total revenues 0 0 0 0
Other fees | Total        
Segment reporting        
Total revenues 4,138 4,611 8,010 7,686
Other fees | Ares Management L.P | Operating segment        
Segment reporting        
Total revenues 4,138 4,611 8,010 7,686
Other fees | Ares Management L.P | Operating segment | Credit Group        
Segment reporting        
Total revenues 4,101 3,939 7,159 7,005
Other fees | Ares Management L.P | Operating segment | Private Equity Group        
Segment reporting        
Total revenues 30 0 140 0
Other fees | Ares Management L.P | Operating segment | Real Estate Group        
Segment reporting        
Total revenues $ 7 $ 672 $ 711 $ 681