XML 46 R4.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues    
Total revenues $ 1,088,805 $ 707,363
Expenses    
Compensation and benefits 657,125 412,951
Performance related compensation 122,633 (50,532)
General, administrative and other expenses 227,914 170,928
Expenses of Consolidated Funds 6,656 5,146
Total expenses 1,014,328 538,493
Other income (expense)    
Total other income (expense), net 66,561 62,178
Income before taxes 141,038 231,048
Income tax expense (benefit) 17,537 27,233
Net income 123,501 203,815
Less: Net income attributable to non-controlling interests in Consolidated Funds 55,977  
Net income attributable to Ares Operating Group entities 67,524  
Less: Net income attributable to redeemable interest in Ares Operating Group entities 316  
Less: Net income attributable to non-controlling interests in Ares Operating Group entities 20,038  
Net income attributable to Ares Management Corporation 47,170 73,027
Net income attributable to Ares Management Corporation Class A and non-voting common stockholders 21,857 73,027
Series B Mandatory Convertible Preferred Stock    
Other income (expense)    
Less: Series B mandatory convertible preferred stock dividends declared 25,313 0
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 $ 21,857 $ 73,027
Net income per share of Class A and non-voting common stock:    
Basic (in dollars per share) $ 0.00 $ 0.33
Diluted (in dollars per share) $ 0.00 $ 0.33
Weighted-average shares of Class A and non-voting common stock:    
Basic (in shares) 209,350,849 192,622,609
Diluted (in shares) 209,350,849 192,622,609
Ares Operating Group    
Other income (expense)    
Net realized and unrealized gains on investments $ 268 $ 10,516
Interest and dividend income 17,656 5,382
Interest expense (36,387) (37,824)
Other income (expense), net (10,714) 270
Net income attributable to Ares Operating Group entities 67,524 137,099
Less: Net income attributable to redeemable interest in Ares Operating Group entities 316 73
Less: Net income attributable to non-controlling interests in Ares Operating Group entities 20,038 63,999
Consolidated Funds     
Expenses    
Expenses of Consolidated Funds 6,656  
Other income (expense)    
Net realized and unrealized gains on investments 88,406 34,424
Interest expense (152,740) (207,866)
Interest and other income of Consolidated Funds 160,072 257,276
Less: Net income attributable to non-controlling interests in Consolidated Funds 55,977 66,716
Management fees    
Revenues    
Total revenues 816,987 687,692
Carried interest allocation    
Revenues    
Total revenues 160,008 (32,478)
Incentive fees    
Revenues    
Total revenues 32,048 8,667
Principal investment income    
Revenues    
Total revenues 21,998 7,050
Administrative, transaction and other fees    
Revenues    
Total revenues $ 57,764 $ 36,432