CONSOLIDATION - Income Statement (Details) - USD ($) $ in Thousands |
3 Months Ended |
6 Months Ended |
Jun. 30, 2022 |
Jun. 30, 2021 |
Jun. 30, 2022 |
Jun. 30, 2021 |
Revenues |
|
|
|
|
Total revenues |
$ 601,430
|
$ 1,294,819
|
$ 1,316,429
|
$ 1,953,207
|
Expenses |
|
|
|
|
Compensation and benefits |
375,775
|
269,689
|
729,612
|
501,539
|
Performance related compensation |
41,073
|
656,381
|
173,884
|
877,813
|
General, administrative and other expenses |
122,566
|
83,362
|
243,089
|
151,018
|
Total expenses |
552,868
|
1,024,732
|
1,164,552
|
1,549,841
|
Other income (expense) |
|
|
|
|
Net realized and unrealized gains (losses) on investments |
(1,775)
|
4,977
|
6,334
|
10,410
|
Interest and dividend income |
1,476
|
4,482
|
2,978
|
5,442
|
Interest expense |
(17,221)
|
(6,907)
|
(32,867)
|
(13,602)
|
Other income (expense), net |
5,809
|
(1,819)
|
7,593
|
(5,968)
|
Total other income (expense) |
18,504
|
49,690
|
76,498
|
106,475
|
Income before taxes |
67,066
|
319,777
|
228,375
|
509,841
|
Income tax expense |
13,460
|
48,458
|
33,871
|
74,212
|
Net income |
53,606
|
271,319
|
194,504
|
435,629
|
Net income attributable to Ares Management Corporation |
39,731
|
141,644
|
85,594
|
200,022
|
Less: Series A Preferred Stock dividends paid |
0
|
5,425
|
0
|
10,850
|
Less: Series A Preferred Stock redemption premium |
0
|
11,239
|
0
|
11,239
|
Net income attributable to Ares Management Corporation Class A and non-voting common stockholders |
39,731
|
124,980
|
85,594
|
177,933
|
Eliminations |
|
|
|
|
Revenues |
|
|
|
|
Total revenues |
(33,557)
|
(18,917)
|
(56,003)
|
(36,288)
|
Expenses |
|
|
|
|
Compensation and benefits |
0
|
0
|
|
|
Performance related compensation |
0
|
0
|
|
|
General, administrative and other expenses |
(227)
|
0
|
(227)
|
|
Total expenses |
(11,638)
|
(10,711)
|
(23,202)
|
(23,976)
|
Other income (expense) |
|
|
|
|
Net realized and unrealized gains (losses) on investments |
8,658
|
(8,984)
|
21,693
|
2,567
|
Interest and dividend income |
(6,899)
|
(648)
|
(8,807)
|
(1,551)
|
Other income (expense), net |
(189)
|
(35)
|
805
|
(491)
|
Total other income (expense) |
4,215
|
4,698
|
11,733
|
8,810
|
Income before taxes |
(17,704)
|
(3,508)
|
(21,068)
|
(3,502)
|
Income tax expense |
0
|
0
|
|
|
Net income |
(17,704)
|
(3,508)
|
(21,068)
|
(3,502)
|
Less: Series A Preferred Stock dividends paid |
|
0
|
|
|
Net income attributable to Ares Management Corporation Class A and non-voting common stockholders |
0
|
0
|
0
|
|
Consolidated Funds |
|
|
|
|
Expenses |
|
|
|
|
Expenses of Consolidated Funds |
13,454
|
15,300
|
17,967
|
19,471
|
Other income (expense) |
|
|
|
|
Net realized and unrealized gains (losses) on investments |
(7,907)
|
(5,947)
|
8,061
|
10,475
|
Interest expense |
(79,253)
|
(58,974)
|
(153,266)
|
(129,999)
|
Interest and other income of Consolidated Funds |
117,375
|
113,878
|
237,665
|
229,717
|
Less: Net income (loss) attributable to non-controlling interests |
(15,022)
|
5,027
|
32,360
|
54,885
|
Consolidated Funds | Reportable legal entity |
|
|
|
|
Revenues |
|
|
|
|
Total revenues |
0
|
0
|
0
|
0
|
Expenses |
|
|
|
|
Expenses of Consolidated Funds |
24,865
|
26,011
|
40,942
|
43,447
|
Total expenses |
24,865
|
26,011
|
40,942
|
43,447
|
Other income (expense) |
|
|
|
|
Net realized and unrealized gains (losses) on investments |
(6,806)
|
(16,622)
|
16,205
|
9,846
|
Interest expense |
(82,810)
|
(62,629)
|
(160,257)
|
(137,164)
|
Interest and other income of Consolidated Funds |
117,186
|
113,843
|
238,470
|
229,226
|
Total other income (expense) |
27,570
|
34,592
|
94,418
|
101,908
|
Income before taxes |
2,705
|
8,581
|
53,476
|
58,461
|
Income tax expense |
23
|
46
|
48
|
74
|
Net income |
2,682
|
8,535
|
53,428
|
58,387
|
Less: Net income (loss) attributable to non-controlling interests |
2,682
|
8,535
|
53,428
|
58,387
|
Consolidated Funds | Eliminations |
|
|
|
|
Expenses |
|
|
|
|
Expenses of Consolidated Funds |
(11,411)
|
(10,711)
|
(22,975)
|
(23,976)
|
Other income (expense) |
|
|
|
|
Net realized and unrealized gains (losses) on investments |
(1,101)
|
10,675
|
(8,144)
|
629
|
Interest expense |
3,557
|
3,655
|
6,991
|
7,165
|
Interest and other income of Consolidated Funds |
189
|
35
|
(805)
|
491
|
Less: Net income (loss) attributable to non-controlling interests |
(17,704)
|
(3,508)
|
(21,068)
|
(3,502)
|
Ares Operating Group |
|
|
|
|
Other income (expense) |
|
|
|
|
Net income |
68,628
|
266,292
|
162,144
|
380,744
|
Less: Net income (loss) attributable to redeemable interest |
(457)
|
337
|
(58)
|
369
|
Less: Net income (loss) attributable to non-controlling interests |
29,354
|
124,311
|
76,608
|
180,353
|
Ares Operating Group | Reportable legal entity |
|
|
|
|
Other income (expense) |
|
|
|
|
Less: Net income (loss) attributable to non-controlling interests |
|
|
|
180,353
|
Ares Operating Group | Eliminations |
|
|
|
|
Other income (expense) |
|
|
|
|
Less: Net income (loss) attributable to non-controlling interests |
|
0
|
|
|
Consolidated Company Entities |
|
|
|
|
Revenues |
|
|
|
|
Total revenues |
601,430
|
1,294,819
|
1,316,429
|
1,953,207
|
Expenses |
|
|
|
|
Compensation and benefits |
375,775
|
|
729,612
|
|
Performance related compensation |
41,073
|
|
173,884
|
|
General, administrative and other expenses |
122,566
|
|
243,089
|
|
Other income (expense) |
|
|
|
|
Net realized and unrealized gains (losses) on investments |
(1,775)
|
|
6,334
|
|
Interest and dividend income |
1,476
|
|
2,978
|
|
Interest expense |
(17,221)
|
|
(32,867)
|
|
Other income (expense), net |
5,809
|
|
7,593
|
|
Consolidated Company Entities | Reportable legal entity |
|
|
|
|
Revenues |
|
|
|
|
Total revenues |
634,987
|
1,313,736
|
1,372,432
|
1,989,495
|
Expenses |
|
|
|
|
Compensation and benefits |
375,775
|
269,689
|
729,612
|
501,539
|
Performance related compensation |
41,073
|
656,381
|
173,884
|
877,813
|
General, administrative and other expenses |
122,793
|
83,362
|
243,316
|
151,018
|
Total expenses |
539,641
|
1,009,432
|
1,146,812
|
1,530,370
|
Other income (expense) |
|
|
|
|
Net realized and unrealized gains (losses) on investments |
(10,433)
|
13,961
|
(15,359)
|
7,843
|
Interest and dividend income |
8,375
|
5,130
|
11,785
|
6,993
|
Interest expense |
(17,221)
|
(6,907)
|
(32,867)
|
(13,602)
|
Other income (expense), net |
5,998
|
(1,784)
|
6,788
|
(5,477)
|
Total other income (expense) |
(13,281)
|
10,400
|
(29,653)
|
(4,243)
|
Income before taxes |
82,065
|
314,704
|
195,967
|
454,882
|
Income tax expense |
13,437
|
48,412
|
33,823
|
74,138
|
Net income |
68,628
|
266,292
|
162,144
|
380,744
|
Net income attributable to Ares Management Corporation |
|
141,644
|
|
200,022
|
Less: Series A Preferred Stock dividends paid |
|
5,425
|
|
10,850
|
Less: Series A Preferred Stock redemption premium |
|
11,239
|
|
11,239
|
Net income attributable to Ares Management Corporation Class A and non-voting common stockholders |
39,731
|
124,980
|
85,594
|
177,933
|
Consolidated Company Entities | Consolidated Funds | Reportable legal entity |
|
|
|
|
Other income (expense) |
|
|
|
|
Less: Net income (loss) attributable to non-controlling interests |
|
|
|
0
|
Consolidated Company Entities | Ares Operating Group | Reportable legal entity |
|
|
|
|
Other income (expense) |
|
|
|
|
Net income |
68,628
|
266,292
|
162,144
|
380,744
|
Less: Net income (loss) attributable to redeemable interest |
(457)
|
337
|
(58)
|
369
|
Less: Net income (loss) attributable to non-controlling interests |
29,354
|
124,311
|
76,608
|
|
Management fees |
|
|
|
|
Revenues |
|
|
|
|
Total revenues |
520,560
|
367,286
|
997,892
|
687,559
|
Management fees | Eliminations |
|
|
|
|
Revenues |
|
|
|
|
Total revenues |
(11,362)
|
(10,659)
|
(22,841)
|
(22,365)
|
Management fees | Consolidated Company Entities |
|
|
|
|
Revenues |
|
|
|
|
Total revenues |
520,560
|
|
997,892
|
|
Management fees | Consolidated Company Entities | Reportable legal entity |
|
|
|
|
Revenues |
|
|
|
|
Total revenues |
531,922
|
377,945
|
1,020,733
|
709,924
|
Carried interest allocation |
|
|
|
|
Revenues |
|
|
|
|
Total revenues |
47,304
|
852,521
|
225,593
|
1,150,056
|
Carried interest allocation | Eliminations |
|
|
|
|
Revenues |
|
|
|
|
Total revenues |
0
|
0
|
|
|
Carried interest allocation | Consolidated Company Entities |
|
|
|
|
Revenues |
|
|
|
|
Total revenues |
47,304
|
|
225,593
|
|
Carried interest allocation | Consolidated Company Entities | Reportable legal entity |
|
|
|
|
Revenues |
|
|
|
|
Total revenues |
47,304
|
852,521
|
225,593
|
1,150,056
|
Incentive fees |
|
|
|
|
Revenues |
|
|
|
|
Total revenues |
4,675
|
15,904
|
21,097
|
18,724
|
Incentive fees | Eliminations |
|
|
|
|
Revenues |
|
|
|
|
Total revenues |
0
|
(3)
|
(34)
|
(1,528)
|
Incentive fees | Consolidated Company Entities |
|
|
|
|
Revenues |
|
|
|
|
Total revenues |
4,675
|
|
21,097
|
|
Incentive fees | Consolidated Company Entities | Reportable legal entity |
|
|
|
|
Revenues |
|
|
|
|
Total revenues |
4,675
|
15,907
|
21,131
|
20,252
|
Principal investment income (loss) |
|
|
|
|
Revenues |
|
|
|
|
Total revenues |
(4,387)
|
47,127
|
3,939
|
72,227
|
Principal investment income (loss) | Eliminations |
|
|
|
|
Revenues |
|
|
|
|
Total revenues |
(17,880)
|
(3,507)
|
(24,044)
|
(3,502)
|
Principal investment income (loss) | Consolidated Company Entities |
|
|
|
|
Revenues |
|
|
|
|
Total revenues |
(4,387)
|
|
3,939
|
|
Principal investment income (loss) | Consolidated Company Entities | Reportable legal entity |
|
|
|
|
Revenues |
|
|
|
|
Total revenues |
13,493
|
50,634
|
27,983
|
75,729
|
Administrative, transaction and other fees |
|
|
|
|
Revenues |
|
|
|
|
Total revenues |
33,278
|
11,981
|
67,908
|
24,641
|
Administrative, transaction and other fees | Eliminations |
|
|
|
|
Revenues |
|
|
|
|
Total revenues |
(4,315)
|
(4,748)
|
(9,084)
|
(8,893)
|
Administrative, transaction and other fees | Consolidated Company Entities |
|
|
|
|
Revenues |
|
|
|
|
Total revenues |
33,278
|
|
67,908
|
|
Administrative, transaction and other fees | Consolidated Company Entities | Reportable legal entity |
|
|
|
|
Revenues |
|
|
|
|
Total revenues |
$ 37,593
|
$ 16,729
|
$ 76,992
|
$ 33,534
|