Ares Management Corporation(NYSE:ARES)
Ares Management Corporation operates as an alternative asset manager in the United States, Europe, and Asia. The company's Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts for institutional investors, and publicly traded vehi...
Website: http://www.aresmgmt.com
Founded: 1997
Full Time Employees: 1,336
Sector: Financial Services
Industry: Asset Management
• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
• EPS ttm:
• Book value per Share:
• Cash per Share:
• Current ast per Share:
• P/E ttm:
• P/E forward:
• P/E ttm high:
• P/E ttm low:
• P/S ttm:
• P/B ttm:
• P/FCF ttm:
• PEG ratio:
• Cash Ratio ttm:
• Quick Ratio ttm:
• Current Ratio ttm:
• Gross Mgn ttm:
• EBITDA Mgn ttm:
• Operating Mgn ttm:
• Net Income Mgn ttm:
• Trailing Div yield:
• Forward Div yield:
• Payout Ratio ttm:
• Ex-Dividend date:
• Target Price High:
• Target Price Low:
• Target Price Mean:
• Number of Analysts:
• Debt Ratio ttm:
• Debt to Equity ttm:
• Total Net Debt:
At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues | ||||||||||||||||||||||||||||||||||||||||
management fees | 971,762,000 | 900,622,000 | 816,987,000 | 779,156,000 | 753,597,000 | 721,681,000 | 687,692,000 | 697,846,000 | 637,517,000 | 615,271,000 | 600,516,000 | 590,083,000 | 548,458,000 | 520,560,000 | 477,332,000 | 475,226,000 | 448,262,000 | 367,286,000 | 320,273,000 | 327,458,000 | 292,434,000 | 266,867,000 | 263,849,000 | 265,321,000 | 251,591,000 | 237,846,000 | 224,659,000 | 214,431,000 | 204,524,000 | 194,032,000 | 189,515,000 | 186,429,000 | 183,177,000 | 180,768,000 | 172,045,000 | 163,609,000 | 158,521,000 | 158,433,000 | 161,058,000 | 158,051,000 |
carried interest allocation | 464,666,000 | 323,901,000 | 160,008,000 | 196,174,000 | 277,651,000 | -51,167,000 | -32,478,000 | 76,751,000 | -28,126,000 | 418,466,000 | 151,488,000 | 40,233,000 | 192,186,000 | 47,304,000 | 178,289,000 | 462,844,000 | 460,651,000 | 852,521,000 | 297,535,000 | 264,228,000 | 168,978,000 | 303,278,000 | -230,876,000 | 118,064,000 | 186,803,000 | 119,712,000 | 197,293,000 | -30,177,000 | 31,902,000 | -13,444,000 | 54,129,000 | |||||||||
incentive fees | 100,668,000 | 23,079,000 | 32,048,000 | 239,118,000 | 48,638,000 | 47,734,000 | 8,667,000 | 243,300,000 | 16,454,000 | 7,950,000 | 8,923,000 | 271,208,000 | 8,882,000 | 4,675,000 | 16,422,000 | 313,456,000 | 696,000 | 15,904,000 | 2,820,000 | 33,626,000 | 7,194,000 | 331,000 | -3,249,000 | 40,450,000 | 1,712,000 | 10,220,000 | 16,815,000 | 49,697,000 | 872,000 | 7,740,000 | 5,071,000 | |||||||||
principal investment income | 17,976,000 | 10,963,000 | 21,998,000 | 877,000 | 8,036,000 | 29,461,000 | 7,050,000 | -2,469,000 | 9,339,000 | 6,888,000 | 22,758,000 | -3,242,000 | 11,582,000 | -4,387,000 | 8,326,000 | 12,956,000 | 14,250,000 | 47,127,000 | 25,100,000 | 20,222,000 | 11,408,000 | 23,645,000 | -26,723,000 | 10,563,000 | 11,389,000 | 5,844,000 | 28,759,000 | -771,000 | -7,464,000 | 1,871,000 | 4,909,000 | |||||||||
administrative, transaction and other fees | 102,556,000 | 91,563,000 | 57,764,000 | 43,672,000 | 41,817,000 | 40,973,000 | 36,432,000 | 38,553,000 | 36,071,000 | 44,711,000 | 29,677,000 | 39,442,000 | 40,182,000 | 33,278,000 | 34,630,000 | 45,683,000 | 24,860,000 | 11,981,000 | 12,660,000 | 12,479,000 | 9,852,000 | 8,637,000 | 10,408,000 | 2,531,000 | 14,995,000 | 11,200,000 | 9,671,000 | 14,252,000 | 10,943,000 | 13,964,000 | 12,465,000 | |||||||||
total revenues | 1,657,628,000 | 1,350,128,000 | 1,088,805,000 | 1,258,997,000 | 1,129,739,000 | 788,682,000 | 707,363,000 | 1,053,981,000 | 671,255,000 | 1,093,286,000 | 813,362,000 | 937,724,000 | 801,290,000 | 601,430,000 | 714,999,000 | 1,310,165,000 | 948,719,000 | 1,294,819,000 | 658,388,000 | 658,013,000 | 489,866,000 | 602,758,000 | 13,409,000 | 436,929,000 | 466,490,000 | 384,822,000 | 477,197,000 | 247,432,000 | 240,777,000 | 204,163,000 | 266,089,000 | 356,281,000 | 283,671,000 | 533,890,000 | 241,657,000 | 335,460,000 | 369,535,000 | 136,015,000 | 159,519,000 | 143,854,000 |
yoy | 46.73% | 71.19% | 53.92% | 19.45% | 68.30% | -27.86% | -13.03% | 12.40% | -16.23% | 81.78% | 13.76% | -28.43% | -15.54% | -53.55% | 8.60% | 99.11% | 93.67% | 114.82% | 4810.05% | 50.60% | 5.01% | 56.63% | -97.19% | 76.59% | 93.74% | 88.49% | 79.34% | -30.55% | -15.12% | -61.76% | 10.11% | 6.21% | -23.24% | 292.52% | 51.49% | 133.19% | ||||
qoq | 22.78% | 24.00% | -13.52% | 11.44% | 43.24% | 11.50% | -32.89% | 57.02% | -38.60% | 34.42% | -13.26% | 17.03% | 33.23% | -15.88% | -45.43% | 38.10% | -26.73% | 96.67% | 0.06% | 34.33% | -18.73% | 4395.17% | -96.93% | -6.34% | 21.22% | -19.36% | 92.86% | 2.76% | 17.93% | -23.27% | -25.31% | 25.60% | -46.87% | 120.93% | -27.96% | -9.22% | 171.69% | -14.73% | 10.89% | |
expenses | ||||||||||||||||||||||||||||||||||||||||
compensation and benefits | 659,835,000 | 643,709,000 | 657,125,000 | 463,062,000 | 435,876,000 | 419,858,000 | 412,951,000 | 390,865,000 | 367,502,000 | 367,550,000 | 360,781,000 | 343,559,000 | 425,419,000 | 375,775,000 | 357,243,000 | 325,525,000 | 335,569,000 | 269,689,000 | 231,850,000 | 207,770,000 | 194,267,000 | 185,131,000 | 180,084,000 | 168,120,000 | 166,216,000 | 162,170,000 | 156,846,000 | 151,155,000 | 145,594,000 | 138,992,000 | 134,639,000 | 129,204,000 | 129,347,000 | 131,219,000 | 124,339,000 | 111,916,000 | 112,654,000 | 110,679,000 | 108,646,000 | 104,872,000 |
performance related compensation | 404,095,000 | 234,706,000 | 122,633,000 | 309,384,000 | 219,697,000 | -28,985,000 | -50,532,000 | 205,532,000 | -25,448,000 | 315,780,000 | 111,658,000 | 202,011,000 | 142,934,000 | 41,073,000 | 129,405,000 | 531,832,000 | 331,141,000 | 656,381,000 | 221,432,000 | 212,551,000 | 122,356,000 | 237,108,000 | -167,899,000 | 108,757,000 | 139,216,000 | 92,688,000 | 156,520,000 | -225,000 | 17,606,000 | -13,005,000 | 25,878,000 | |||||||||
general, administrative and other expenses | 246,154,000 | 232,156,000 | 227,914,000 | 199,122,000 | 197,019,000 | 169,432,000 | 170,928,000 | 158,806,000 | 211,842,000 | 141,153,000 | 148,345,000 | 120,523,000 | 158,707,000 | 134,453,000 | 67,656,000 | 58,084,000 | 62,331,000 | 74,231,000 | 79,385,000 | 65,416,000 | 51,187,000 | 38,880,750 | 51,155,000 | 59,918,000 | 44,450,000 | 50,751,000 | ||||||||||||||
expenses of consolidated funds | -1,868,000 | 27,007,000 | 6,656,000 | 9,199,000 | 2,295,000 | 4,239,000 | 5,146,000 | 15,321,000 | 7,064,000 | 13,255,000 | 7,852,000 | 8,046,000 | 10,397,000 | 13,454,000 | 4,513,000 | 30,911,000 | 12,104,000 | 15,300,000 | 4,171,000 | 3,413,000 | 6,019,000 | 3,244,000 | 7,443,000 | 11,180,000 | 10,884,000 | 15,427,000 | 4,554,000 | 4,503,000 | 12,833,000 | 35,112,000 | 1,316,000 | |||||||||
total expenses | 1,308,216,000 | 1,137,578,000 | 1,014,328,000 | 980,767,000 | 854,887,000 | 564,544,000 | 538,493,000 | 770,524,000 | 560,960,000 | 837,738,000 | 628,636,000 | 686,431,000 | 898,102,000 | 552,868,000 | 611,684,000 | 1,046,975,000 | 813,267,000 | 1,024,732,000 | 525,109,000 | 492,380,000 | 392,580,000 | 483,567,000 | 81,959,000 | 362,288,000 | 395,701,000 | 335,701,000 | 369,107,000 | 215,874,000 | 227,188,000 | 221,017,000 | 206,283,000 | 310,967,000 | 254,127,000 | 448,197,000 | 491,467,000 | 283,374,000 | 303,935,000 | 129,538,000 | 185,622,000 | 136,386,000 |
other income | -10,714,000 | 20,100,000 | -18,805,000 | 270,000 | 5,887,000 | 5,742,000 | -5,887,000 | -923,000 | 2,925,000 | 2,601,000 | 5,809,000 | 1,784,000 | -16,284,000 | 36,654,000 | -1,819,000 | -4,149,000 | 1,443,000 | 2,203,000 | 2,181,000 | 5,464,000 | -6,270,000 | -1,870,000 | 4,797,000 | 636,000 | 811,000 | -1,987,000 | -311,000 | 2,644,000 | -2,492,000 | 2,822,000 | 16,496,000 | 23,042,000 | 5,673,000 | 5,241,000 | 22,479,000 | 2,769,000 | ||||
net realized and unrealized gains on investments | 188,420,000 | 12,708,000 | 268,000 | 2,789,000 | -5,074,000 | 8,339,000 | 10,516,000 | 72,347,000 | -1,770,000 | 5,481,000 | 1,515,000 | -6,033,000 | 4,431,000 | -1,775,000 | 8,109,000 | 358,000 | 8,334,000 | 4,977,000 | 5,433,000 | 1,343,000 | -2,607,000 | 290,000 | -8,034,000 | 4,035,000 | 1,522,000 | |||||||||||||||
interest and dividend income | 13,644,000 | 7,772,000 | 17,656,000 | 23,102,000 | 7,553,000 | 7,017,000 | 5,382,000 | 7,995,000 | 4,752,000 | 2,690,000 | 3,839,000 | 4,335,000 | 2,086,000 | 1,476,000 | 1,502,000 | 3,047,000 | 1,376,000 | 4,482,000 | 960,000 | 2,959,000 | 1,344,000 | 1,978,000 | 1,790,000 | 1,980,000 | 2,030,000 | 1,652,000 | 1,844,000 | 517,000 | 808,000 | 2,356,000 | 3,347,000 | |||||||||
interest expense | -46,315,000 | -43,575,000 | -36,387,000 | -37,909,000 | -29,733,000 | -37,500,000 | -37,824,000 | -29,476,000 | -25,975,000 | -25,839,000 | -24,986,000 | -20,182,000 | -18,307,000 | -17,221,000 | -15,646,000 | -11,635,000 | -11,523,000 | -6,907,000 | -6,695,000 | -6,705,000 | -6,815,000 | -6,082,000 | -5,306,000 | -3,598,000 | -4,691,000 | -5,793,000 | -5,589,000 | -4,360,000 | -4,143,000 | -6,076,000 | -6,869,000 | -5,698,000 | -5,913,000 | |||||||
other expense | -7,263,000 | -46,521,000 | -938,000 | -4,497,000 | ||||||||||||||||||||||||||||||||||||
net realized and unrealized gains on investments of consolidated funds | 180,255,000 | 127,752,000 | 88,406,000 | 121,185,000 | 64,831,000 | 93,523,000 | 34,424,000 | 73,983,000 | 79,591,000 | 98,426,000 | 10,700,000 | 65,355,000 | -30,000 | -7,907,000 | 15,968,000 | 32,583,000 | 34,245,000 | -5,947,000 | 16,422,000 | 56,404,000 | 17,971,000 | 83,522,000 | -254,761,000 | 11,880,000 | -992,000 | |||||||||||||||
interest and other income of consolidated funds | 130,821,000 | 161,890,000 | 160,072,000 | 201,033,000 | 234,681,000 | 240,359,000 | 257,276,000 | 282,553,000 | 255,600,000 | 234,454,000 | 222,938,000 | 190,449,000 | 158,415,000 | 117,375,000 | 120,290,000 | 104,073,000 | 104,028,000 | 113,878,000 | 115,839,000 | 117,532,000 | 116,581,000 | 116,314,000 | 113,225,000 | 92,287,000 | 107,922,000 | 102,206,000 | 93,184,000 | 87,758,000 | 93,062,000 | 92,633,000 | 64,422,000 | |||||||||
interest expense of consolidated funds | -156,703,000 | -145,638,000 | -152,740,000 | -208,657,000 | -201,199,000 | -217,613,000 | -207,866,000 | -213,646,000 | -201,363,000 | -182,904,000 | -156,687,000 | -145,333,000 | -112,762,000 | -79,253,000 | -74,013,000 | -66,471,000 | -61,578,000 | -58,974,000 | -71,025,000 | -63,456,000 | -66,322,000 | -76,297,000 | -80,241,000 | -73,694,000 | -71,134,000 | -68,005,000 | -64,912,000 | -58,953,000 | -62,763,000 | -56,754,000 | -44,425,000 | -18,827,000 | -23,848,000 | |||||||
total other income | 302,859,000 | 74,388,000 | 66,561,000 | 121,643,000 | 52,254,000 | 93,187,000 | 62,178,000 | 199,643,000 | 116,577,000 | 126,421,000 | 56,396,000 | 91,516,000 | 36,434,000 | 18,504,000 | 57,994,000 | 45,671,000 | 111,536,000 | 49,690,000 | 56,785,000 | 109,520,000 | 62,355,000 | 121,906,000 | -227,863,000 | 26,620,000 | 32,787,000 | 35,262,000 | 27,870,000 | -12,678,000 | 38,754,000 | 67,926,000 | 2,240,000 | 91,629,000 | 58,880,000 | 29,387,000 | 59,222,000 | 73,339,000 | 17,406,000 | -15,451,000 | 35,671,000 | -39,553,000 |
income before taxes | 652,271,000 | 286,938,000 | 141,038,000 | 399,873,000 | 327,106,000 | 317,325,000 | 231,048,000 | 483,100,000 | 226,872,000 | 381,969,000 | 241,122,000 | 342,809,000 | -60,378,000 | 67,066,000 | 161,309,000 | 308,861,000 | 246,988,000 | 319,777,000 | 190,064,000 | 275,153,000 | 159,641,000 | 241,097,000 | -296,413,000 | 101,261,000 | 103,576,000 | 84,383,000 | 135,960,000 | 18,880,000 | 52,343,000 | 51,072,000 | 62,046,000 | 136,943,000 | 88,424,000 | 115,080,000 | -190,588,000 | 125,425,000 | 83,006,000 | -8,974,000 | 9,568,000 | -32,085,000 |
income tax expense | 111,892,000 | 60,958,000 | 17,537,000 | 49,857,000 | 46,453,000 | 41,074,000 | 27,233,000 | 59,553,000 | 29,898,000 | 49,714,000 | 33,806,000 | 13,460,000 | 20,411,000 | 42,898,000 | 30,275,000 | 48,458,000 | 25,754,000 | 32,874,000 | 18,314,000 | 24,421,000 | -20,616,000 | 16,786,000 | 11,701,000 | 9,505,000 | 14,384,000 | 7,414,750 | 5,131,000 | 36,903,000 | 1,253,000 | 7,641,000 | 4,665,000 | 3,323,000 | 5,579,000 | |||||||
net income | 540,379,000 | 225,980,000 | 123,501,000 | 350,016,000 | 280,653,000 | 276,251,000 | 203,815,000 | 423,547,000 | 196,974,000 | 332,255,000 | 207,316,000 | 293,190,000 | -48,779,000 | 53,606,000 | 140,898,000 | 265,963,000 | 216,713,000 | 271,319,000 | 164,310,000 | 242,279,000 | 141,327,000 | 216,676,000 | -275,797,000 | 84,475,000 | 91,875,000 | 74,878,000 | 121,576,000 | 16,337,000 | 47,212,000 | 14,169,000 | 74,421,000 | 131,536,000 | 83,872,000 | 113,827,000 | -156,324,000 | 117,784,000 | 87,440,000 | -13,639,000 | 6,245,000 | -37,664,000 |
yoy | 92.54% | -18.20% | -39.41% | -17.36% | 42.48% | -16.86% | -1.69% | 44.46% | -503.81% | 519.81% | 47.14% | 10.24% | -122.51% | -80.24% | -14.25% | 9.78% | 53.34% | 25.22% | -159.58% | 186.81% | 53.83% | 189.37% | -326.85% | 417.08% | 94.60% | 428.46% | 63.36% | -87.58% | -43.71% | -87.55% | -147.61% | 11.68% | -4.08% | -934.57% | -2603.19% | -412.72% | ||||
qoq | 139.13% | 82.98% | -64.72% | 24.71% | 1.59% | 35.54% | -51.88% | 115.03% | -40.72% | 60.27% | -29.29% | -701.06% | -191.00% | -61.95% | -47.02% | 22.73% | -20.13% | 65.13% | -32.18% | 71.43% | -34.77% | -178.56% | -426.48% | -8.05% | 22.70% | -38.41% | 644.18% | -65.40% | 233.21% | -80.96% | -43.42% | 56.83% | -26.32% | -172.81% | -232.72% | 34.70% | -741.10% | -318.40% | -116.58% | |
net income margin % | 32.60% | 16.74% | 11.34% | 27.80% | 24.84% | 35.03% | 28.81% | 40.19% | 29.34% | 30.39% | 25.49% | 31.27% | -6.09% | 8.91% | 19.71% | 20.30% | 22.84% | 20.95% | 24.96% | 36.82% | 28.85% | 35.95% | -2056.81% | 19.33% | 19.69% | 19.46% | 25.48% | 6.60% | 19.61% | 6.94% | 27.97% | 36.92% | 29.57% | 21.32% | -64.69% | 35.11% | 23.66% | -10.03% | 3.91% | -26.18% |
less: net income attributable to non-controlling interests in consolidated funds | 67,407,000 | 3,999,000 | 55,977,000 | 59,326,000 | 64,241,000 | 105,489,000 | 66,716,000 | 99,633,000 | 80,289,000 | 67,681,000 | 26,693,000 | 70,633,000 | 16,340,000 | -15,022,000 | 47,382,000 | 18,114,000 | 47,370,000 | 5,027,000 | 49,858,000 | 66,678,000 | 42,627,000 | 85,186,000 | -166,406,000 | -2,174,000 | 15,908,000 | 8,346,000 | 17,624,000 | -2,906,000 | 13,169,000 | 9,882,000 | 367,000 | 35,415,000 | 18,195,000 | -8,647,000 | 15,855,000 | 7,861,000 | 1,054,000 | -11,979,000 | 2,019,000 | -9,219,000 |
net income attributable to ares operating group entities | 472,972,000 | 221,981,000 | 67,524,000 | 290,690,000 | 216,412,000 | 170,762,000 | 137,099,000 | 323,914,000 | 116,685,000 | 264,574,000 | 180,623,000 | 222,557,000 | -65,119,000 | 68,628,000 | 93,516,000 | 247,849,000 | 169,343,000 | 266,292,000 | 114,452,000 | |||||||||||||||||||||
less: net income attributable to redeemable interest in ares operating group entities | 1,797,000 | -274,000 | 316,000 | -902,000 | 1,319,000 | -387,000 | 73,000 | 558,000 | 758,000 | 734,000 | -1,824,000 | -886,000 | 93,000 | -457,000 | 399,000 | 173,250 | 324,000 | 337,000 | 32,000 | -251,750 | -1,007,000 | |||||||||||||||||||
less: net income attributable to non-controlling interests in ares operating group entities | 182,293,000 | 85,193,000 | 20,038,000 | 114,275,000 | 96,633,000 | 76,211,000 | 63,999,000 | 149,406,000 | 54,104,000 | 119,326,000 | 88,408,000 | 105,950,000 | -29,666,000 | 29,354,000 | 47,254,000 | 125,794,000 | 84,293,000 | 124,311,000 | 56,042,000 | 96,308,000 | 52,162,000 | 75,119,000 | -78,355,000 | 48,184,000 | 42,636,000 | 34,393,000 | 59,003,000 | 7,306,000 | 18,133,000 | 16,062,000 | 33,106,000 | 56,525,000 | 37,839,000 | 72,596,000 | -131,045,000 | 66,511,000 | 48,473,000 | 1,420,000 | 4,014,000 | -16,977,000 |
net income attributable to ares management corporation | 288,882,000 | 137,062,000 | 47,170,000 | 117,493,000 | -35,546,000 | 39,731,000 | 45,863,000 | 124,089,000 | 84,726,000 | 141,644,000 | 58,378,000 | 79,262,000 | 47,545,000 | 56,371,000 | -31,036,000 | 38,465,000 | 33,331,000 | 32,139,000 | 44,949,000 | |||||||||||||||||||||
less: series b mandatory convertible preferred stock dividends declared | 25,313,000 | 25,312,000 | 25,313,000 | |||||||||||||||||||||||||||||||||||||
net income attributable to ares management corporation class a and non-voting common stockholders | 263,569,000 | 111,750,000 | 21,857,000 | 154,536,000 | 118,460,000 | 94,938,000 | 73,027,000 | 173,950,000 | 61,823,000 | 144,514,000 | 94,039,000 | 117,493,000 | -35,546,000 | 39,731,000 | 45,863,000 | 124,089,000 | 84,726,000 | 124,980,000 | ||||||||||||||||||||||
net income per share | ||||||||||||||||||||||||||||||||||||||||
basic | 1.15 | 0.46 | 0.73 | 0.55 | 0.43 | 0.33 | 0.9 | 0.3 | 0.75 | 0.49 | 0.64 | -0.22 | 0.21 | 0.24 | 0.69 | 0.49 | 0.7 | 0.33 | 0.52 | 0.27 | 0.36 | |||||||||||||||||||
diluted | 1.15 | 0.46 | 0.73 | 0.55 | 0.43 | 0.33 | 0.88 | 0.3 | 0.74 | 0.49 | 0.64 | -0.22 | 0.21 | 0.24 | 0.67 | 0.45 | 0.69 | 0.32 | 0.5 | 0.27 | 0.35 | |||||||||||||||||||
weighted-average shares of class a and non-voting common stock: | ||||||||||||||||||||||||||||||||||||||||
basic | 219,881,697 | 218,915,599 | 209,350,849 | 198,054,451 | 200,724,068 | 196,186,922 | 192,622,609 | 184,523,524 | 186,218,638 | 182,999,515 | 178,976,022 | 175,510,798 | 175,631,144 | 175,157,558 | 174,215,251 | 163,703,626 | 168,931,621 | 164,793,968 | 149,271,822 | 135,065,436 | 143,466,209 | 133,639,194 | 118,366,539 | 107,914,953 | 108,481,929 | 105,188,966 | 102,906,494 | 96,023,147 | 98,706,419,000 | 98,037,252,000 | 85,617,932,000 | 81,838,007,000 | 82,166,852,000 | 81,829,086,000 | 81,106,734,000 | 80,793,984,000 | 80,715,723,000 | 80,683,051,000 | 80,673,360,000 | 80,676,232,000 |
diluted | 219,881,697 | 218,915,599 | 209,350,849 | 198,054,451 | 200,724,068 | 196,186,922 | 192,622,609 | 195,773,426 | 186,218,638 | 194,058,041 | 178,976,022 | 175,510,798 | 175,631,144 | 175,157,558 | 174,215,251 | 180,112,271 | 186,522,157 | 181,027,734 | 163,664,384 | 149,508,498 | 158,122,563 | 146,904,357 | 118,366,539 | 119,877,429 | 121,890,022 | 116,603,887 | 110,699,112 | 96,023,147 | 98,706,419,000 | 98,037,252,000 | 213,852,928,000 | 81,838,007,000 | 82,166,852,000 | 84,319,882,000 | 81,106,734,000 | 84,464,591,000 | 82,332,193,000 | 80,683,051,000 | 80,673,360,000 | 80,676,232,000 |
general, administrative and other incomes | 132,815,000 | 319,352,000 | 122,566,000 | 83,362,000 | 47,588,250 | 69,938,000 | 36,298,250 | 47,104,000 | 47,338,000 | 38,197,000 | 38,686,000 | 39,962,000 | 75,058,000 | 50,862,000 | ||||||||||||||||||||||||||
income tax benefit | 5,568,000 | -11,599,000 | -12,375,000 | -7,114,750 | 4,552,000 | -34,264,000 | -4,434,000 | |||||||||||||||||||||||||||||||||
less: series a preferred stock dividends paid | 5,425,000 | 5,425,000 | 5,425,000 | 5,425,000 | 5,425,000 | 5,425,000 | 5,425,000 | 5,425,000 | 5,425,000 | 5,425,000 | ||||||||||||||||||||||||||||||
less: series a preferred stock redemption premium | 11,239,000 | |||||||||||||||||||||||||||||||||||||||
net income attributable to ares management corporation class a common stockholders | 52,953,000 | 73,837,000 | 42,120,000 | 50,946,000 | -36,461,000 | 33,040,000 | 27,906,000 | 26,714,000 | 39,524,000 | |||||||||||||||||||||||||||||||
weighted-average shares of class a common stock: | ||||||||||||||||||||||||||||||||||||||||
basic | 219,881,697 | 218,915,599 | 209,350,849 | 198,054,451 | 200,724,068 | 196,186,922 | 192,622,609 | 184,523,524 | 186,218,638 | 182,999,515 | 178,976,022 | 175,510,798 | 175,631,144 | 175,157,558 | 174,215,251 | 163,703,626 | 168,931,621 | 164,793,968 | 149,271,822 | 135,065,436 | 143,466,209 | 133,639,194 | 118,366,539 | 107,914,953 | 108,481,929 | 105,188,966 | 102,906,494 | 96,023,147 | 98,706,419,000 | 98,037,252,000 | 85,617,932,000 | 81,838,007,000 | 82,166,852,000 | 81,829,086,000 | 81,106,734,000 | 80,793,984,000 | 80,715,723,000 | 80,683,051,000 | 80,673,360,000 | 80,676,232,000 |
diluted | 219,881,697 | 218,915,599 | 209,350,849 | 198,054,451 | 200,724,068 | 196,186,922 | 192,622,609 | 195,773,426 | 186,218,638 | 194,058,041 | 178,976,022 | 175,510,798 | 175,631,144 | 175,157,558 | 174,215,251 | 180,112,271 | 186,522,157 | 181,027,734 | 163,664,384 | 149,508,498 | 158,122,563 | 146,904,357 | 118,366,539 | 119,877,429 | 121,890,022 | 116,603,887 | 110,699,112 | 96,023,147 | 98,706,419,000 | 98,037,252,000 | 213,852,928,000 | 81,838,007,000 | 82,166,852,000 | 84,319,882,000 | 81,106,734,000 | 84,464,591,000 | 82,332,193,000 | 80,683,051,000 | 80,673,360,000 | 80,676,232,000 |
net income attributable per share of class a common stock | ||||||||||||||||||||||||||||||||||||||||
basic | -0.33 | 0.21 | 0.24 | 0.24 | 0.36 | -249.7 | 90 | -200 | 390 | 400 | 260 | 540 | -580 | 450 | 460 | -40 | -140 | |||||||||||||||||||||||
diluted | -0.33 | 0.203 | 0.23 | 0.23 | 0.36 | -249.7 | 90 | -200 | 280 | 400 | 260 | 530 | -580 | 430 | 460 | -40 | -140 | |||||||||||||||||||||||
net income attributable to ares management corporation per share of class a common stock | ||||||||||||||||||||||||||||||||||||||||
basic | -0.33 | 0.21 | 0.24 | 0.24 | 0.36 | -249.7 | 90 | -200 | 390 | 400 | 260 | 540 | -580 | 450 | 460 | -40 | -140 | |||||||||||||||||||||||
diluted | -0.33 | 0.203 | 0.23 | 0.23 | 0.36 | -249.7 | 90 | -200 | 280 | 400 | 260 | 530 | -580 | 430 | 460 | -40 | -140 | |||||||||||||||||||||||
net realized and unrealized gain on investments | 521,000 | 3,476,000 | -9,854,000 | 5,542,000 | 3,267,000 | -839,000 | 27,091,000 | 7,209,000 | 30,079,000 | 2,655,000 | 19,358,000 | -3,151,000 | 5,142,000 | |||||||||||||||||||||||||||
net realized and unrealized gain on investments of consolidated funds | -116,000 | 4,364,000 | -28,422,000 | 5,437,000 | 34,487,000 | 23,883,000 | 201,000 | |||||||||||||||||||||||||||||||||
net income attributable to ares management corporation per share of class a common stock: | ||||||||||||||||||||||||||||||||||||||||
basic | -0.33 | 0.21 | 0.24 | 0.24 | 0.36 | -249.7 | 90 | -200 | 390 | 400 | 260 | 540 | -580 | 450 | 460 | -40 | -140 | |||||||||||||||||||||||
diluted | -0.33 | 0.203 | 0.23 | 0.23 | 0.36 | -249.7 | 90 | -200 | 280 | 400 | 260 | 530 | -580 | 430 | 460 | -40 | -140 | |||||||||||||||||||||||
dividend declared and paid per share of class a common stock | 0.32 | 0.32 | ||||||||||||||||||||||||||||||||||||||
transaction support expense | 275,177,000 | |||||||||||||||||||||||||||||||||||||||
net income attributable to ares management, l.p. | 11,270,750 | 15,910,000 | -11,775,000 | 40,948,000 | 39,596,000 | 27,838,000 | 49,878,000 | -41,134,000 | 43,305,000 | 37,574,000 | -3,090,000 | 184,000 | -11,349,000 | |||||||||||||||||||||||||||
less: preferred equity dividend paid | 4,068,750 | 5,425,000 | 5,425,000 | 5,425,000 | ||||||||||||||||||||||||||||||||||||
net income attributable to ares management, l.p. common shareholders | 7,202,000 | 10,485,000 | -17,200,000 | 35,523,000 | ||||||||||||||||||||||||||||||||||||
net income attributable to ares management, l.p. per common share: | ||||||||||||||||||||||||||||||||||||||||
basic | -0.33 | 0.21 | 0.24 | 0.24 | 0.36 | -249.7 | 90 | -200 | 390 | 400 | 260 | 540 | -580 | 450 | 460 | -40 | -140 | |||||||||||||||||||||||
diluted | -0.33 | 0.203 | 0.23 | 0.23 | 0.36 | -249.7 | 90 | -200 | 280 | 400 | 260 | 530 | -580 | 430 | 460 | -40 | -140 | |||||||||||||||||||||||
weighted-average common shares: | ||||||||||||||||||||||||||||||||||||||||
basic | 219,881,697 | 218,915,599 | 209,350,849 | 198,054,451 | 200,724,068 | 196,186,922 | 192,622,609 | 184,523,524 | 186,218,638 | 182,999,515 | 178,976,022 | 175,510,798 | 175,631,144 | 175,157,558 | 174,215,251 | 163,703,626 | 168,931,621 | 164,793,968 | 149,271,822 | 135,065,436 | 143,466,209 | 133,639,194 | 118,366,539 | 107,914,953 | 108,481,929 | 105,188,966 | 102,906,494 | 96,023,147 | 98,706,419,000 | 98,037,252,000 | 85,617,932,000 | 81,838,007,000 | 82,166,852,000 | 81,829,086,000 | 81,106,734,000 | 80,793,984,000 | 80,715,723,000 | 80,683,051,000 | 80,673,360,000 | 80,676,232,000 |
diluted | 219,881,697 | 218,915,599 | 209,350,849 | 198,054,451 | 200,724,068 | 196,186,922 | 192,622,609 | 195,773,426 | 186,218,638 | 194,058,041 | 178,976,022 | 175,510,798 | 175,631,144 | 175,157,558 | 174,215,251 | 180,112,271 | 186,522,157 | 181,027,734 | 163,664,384 | 149,508,498 | 158,122,563 | 146,904,357 | 118,366,539 | 119,877,429 | 121,890,022 | 116,603,887 | 110,699,112 | 96,023,147 | 98,706,419,000 | 98,037,252,000 | 213,852,928,000 | 81,838,007,000 | 82,166,852,000 | 84,319,882,000 | 81,106,734,000 | 84,464,591,000 | 82,332,193,000 | 80,683,051,000 | 80,673,360,000 | 80,676,232,000 |
dividend declared and paid per common share | 262.5 | 280 | 370 | 400 | ||||||||||||||||||||||||||||||||||||
net realized and unrealized gain on investments of the consolidated funds | -13,085,000 | 13,815,750 | 35,940,000 | -12,713,000 | 32,036,000 | |||||||||||||||||||||||||||||||||||
performance fees | 156,470,000 | 87,008,000 | 338,024,000 | 55,172,000 | 164,482,000 | 203,151,000 | -29,947,000 | -9,736,000 | -22,223,000 | |||||||||||||||||||||||||||||||
administrative and other fees | 10,756,000 | 13,486,000 | 15,098,000 | 14,440,000 | 7,369,000 | 7,863,000 | ||||||||||||||||||||||||||||||||||
performance fee compensation | 118,678,000 | 58,637,000 | 261,705,000 | 40,702,000 | 123,173,000 | 151,896,000 | -21,330,000 | -960,000 | -20,293,000 | |||||||||||||||||||||||||||||||
expenses of the consolidated funds | 6,868,000 | 19,039,000 | 4,522,000 | 3,911,000 | ||||||||||||||||||||||||||||||||||||
investment income and net interest expense | -1,554,500 | -1,831,000 | ||||||||||||||||||||||||||||||||||||||
investment income and net interest income of the consolidated funds | 10,418,750 | 20,054,000 | 11,451,000 | |||||||||||||||||||||||||||||||||||||
less: net income attributable to redeemable interests in ares operating group entities | 107,000 | 339,000 | 10,000 | 28,000 | -119,000 | |||||||||||||||||||||||||||||||||||
less: preferred equity distributions paid | 5,425,000 | 5,425,000 | 5,425,000 | 5,425,000 | ||||||||||||||||||||||||||||||||||||
net income attributable to ares management, l.p. common unitholders | 34,171,000 | 22,413,000 | 44,453,000 | -46,559,000 | 36,554,000 | |||||||||||||||||||||||||||||||||||
net income attributable to ares management, l.p. per common unit: | ||||||||||||||||||||||||||||||||||||||||
basic | -0.33 | 0.21 | 0.24 | 0.24 | 0.36 | -249.7 | 90 | -200 | 390 | 400 | 260 | 540 | -580 | 450 | 460 | -40 | -140 | |||||||||||||||||||||||
diluted | -0.33 | 0.203 | 0.23 | 0.23 | 0.36 | -249.7 | 90 | -200 | 280 | 400 | 260 | 530 | -580 | 430 | 460 | -40 | -140 | |||||||||||||||||||||||
weighted-average common units: | ||||||||||||||||||||||||||||||||||||||||
basic | 219,881,697 | 218,915,599 | 209,350,849 | 198,054,451 | 200,724,068 | 196,186,922 | 192,622,609 | 184,523,524 | 186,218,638 | 182,999,515 | 178,976,022 | 175,510,798 | 175,631,144 | 175,157,558 | 174,215,251 | 163,703,626 | 168,931,621 | 164,793,968 | 149,271,822 | 135,065,436 | 143,466,209 | 133,639,194 | 118,366,539 | 107,914,953 | 108,481,929 | 105,188,966 | 102,906,494 | 96,023,147 | 98,706,419,000 | 98,037,252,000 | 85,617,932,000 | 81,838,007,000 | 82,166,852,000 | 81,829,086,000 | 81,106,734,000 | 80,793,984,000 | 80,715,723,000 | 80,683,051,000 | 80,673,360,000 | 80,676,232,000 |
diluted | 219,881,697 | 218,915,599 | 209,350,849 | 198,054,451 | 200,724,068 | 196,186,922 | 192,622,609 | 195,773,426 | 186,218,638 | 194,058,041 | 178,976,022 | 175,510,798 | 175,631,144 | 175,157,558 | 174,215,251 | 180,112,271 | 186,522,157 | 181,027,734 | 163,664,384 | 149,508,498 | 158,122,563 | 146,904,357 | 118,366,539 | 119,877,429 | 121,890,022 | 116,603,887 | 110,699,112 | 96,023,147 | 98,706,419,000 | 98,037,252,000 | 213,852,928,000 | 81,838,007,000 | 82,166,852,000 | 84,319,882,000 | 81,106,734,000 | 84,464,591,000 | 82,332,193,000 | 80,683,051,000 | 80,673,360,000 | 80,676,232,000 |
distribution declared and paid per common unit | 410 | 310 | 130 | 280 | 280 | 150 | 200 | |||||||||||||||||||||||||||||||||
investment income and net interest income | -2,252,000 | |||||||||||||||||||||||||||||||||||||||
net interest and investment expense | -2,135,000 | -1,681,000 | ||||||||||||||||||||||||||||||||||||||
net interest and investment income of the consolidated funds | 10,170,000 | 8,737,000 | 9,690,000 | 7,332,000 | ||||||||||||||||||||||||||||||||||||
consolidated funds' expenses | 10,088,000 | 699,000 | 227,000 | 2,878,000 | 945,000 | |||||||||||||||||||||||||||||||||||
preferred equity distributions paid | 6,751,000 | |||||||||||||||||||||||||||||||||||||||
weighted-average common units | ||||||||||||||||||||||||||||||||||||||||
basic | 219,881,697 | 218,915,599 | 209,350,849 | 198,054,451 | 200,724,068 | 196,186,922 | 192,622,609 | 184,523,524 | 186,218,638 | 182,999,515 | 178,976,022 | 175,510,798 | 175,631,144 | 175,157,558 | 174,215,251 | 163,703,626 | 168,931,621 | 164,793,968 | 149,271,822 | 135,065,436 | 143,466,209 | 133,639,194 | 118,366,539 | 107,914,953 | 108,481,929 | 105,188,966 | 102,906,494 | 96,023,147 | 98,706,419,000 | 98,037,252,000 | 85,617,932,000 | 81,838,007,000 | 82,166,852,000 | 81,829,086,000 | 81,106,734,000 | 80,793,984,000 | 80,715,723,000 | 80,683,051,000 | 80,673,360,000 | 80,676,232,000 |
diluted | 219,881,697 | 218,915,599 | 209,350,849 | 198,054,451 | 200,724,068 | 196,186,922 | 192,622,609 | 195,773,426 | 186,218,638 | 194,058,041 | 178,976,022 | 175,510,798 | 175,631,144 | 175,157,558 | 174,215,251 | 180,112,271 | 186,522,157 | 181,027,734 | 163,664,384 | 149,508,498 | 158,122,563 | 146,904,357 | 118,366,539 | 119,877,429 | 121,890,022 | 116,603,887 | 110,699,112 | 96,023,147 | 98,706,419,000 | 98,037,252,000 | 213,852,928,000 | 81,838,007,000 | 82,166,852,000 | 84,319,882,000 | 81,106,734,000 | 84,464,591,000 | 82,332,193,000 | 80,683,051,000 | 80,673,360,000 | 80,676,232,000 |
net interest and investment income | 4,993,000 | -3,359,000 | ||||||||||||||||||||||||||||||||||||||
other fees | 7,529,000 | 8,197,000 | 8,026,000 | |||||||||||||||||||||||||||||||||||||
net realized and unrealized loss on investments of consolidated funds | -29,807,000 | |||||||||||||||||||||||||||||||||||||||
interest and other investment income | 1,599,000 | 1,049,000 | ||||||||||||||||||||||||||||||||||||||
net realized gain on investments | 7,366,000 | -1,078,000 | ||||||||||||||||||||||||||||||||||||||
net change in unrealized appreciation (depreciation) on investments | -172,250 | -6,606,000 | ||||||||||||||||||||||||||||||||||||||
interest and other investment income of consolidated funds | 27,381,000 | 32,306,000 | ||||||||||||||||||||||||||||||||||||||
net realized gain on investments of consolidated funds | -21,152,000 | -1,517,000 | ||||||||||||||||||||||||||||||||||||||
net change in unrealized appreciation (depreciation) on investments of consolidated funds | 36,556,000 | -36,715,000 | ||||||||||||||||||||||||||||||||||||||
less: net income attributable to redeemable interests in consolidated funds | ||||||||||||||||||||||||||||||||||||||||
net income attributable to ares management, l.p. per common unit | ||||||||||||||||||||||||||||||||||||||||
basic | -0.33 | 0.21 | 0.24 | 0.24 | 0.36 | -249.7 | 90 | -200 | 390 | 400 | 260 | 540 | -580 | 450 | 460 | -40 | -140 | |||||||||||||||||||||||
diluted | -0.33 | 0.203 | 0.23 | 0.23 | 0.36 | -249.7 | 90 | -200 | 280 | 400 | 260 | 530 | -580 | 430 | 460 | -40 | -140 | |||||||||||||||||||||||
distribution declared per common unit | 130 | 260 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 496,669,000 | 509,656,000 | 618,536,000 | 1,507,976,000 | 350,138,000 | 284,445,000 | 346,331,000 | 348,274,000 | 311,827,000 | 276,827,000 | 272,249,000 | 389,987,000 | 361,500,000 | 252,867,000 | 346,042,000 | 343,655,000 | 295,704,000 | 582,906,000 | 609,872,000 | 539,812,000 | 868,752,000 | 890,040,000 | 1,167,673,000 | 138,384,000 | 152,203,000 | 247,220,000 | 120,498,000 | 110,247,000 | 122,192,000 | 125,448,000 | 115,540,000 | 186,437,000 | 137,256,000 | 103,989,000 | 264,588,000 | 109,934,000 | 121,483,000 | 387,678,000 |
investments | 5,755,803,000 | 5,122,676,000 | 4,892,289,000 | 4,644,775,000 | 4,692,520,000 | 4,415,428,000 | 4,484,884,000 | 4,624,932,000 | 4,436,746,000 | 4,466,226,000 | 4,100,683,000 | 3,974,734,000 | 4,112,393,000 | 3,927,506,000 | 3,861,835,000 | 3,684,264,000 | 3,322,665,000 | 2,916,226,000 | 1,931,978,000 | 1,682,759,000 | 1,601,916,000 | 1,479,487,000 | 1,190,604,000 | 1,663,664,000 | 1,779,864,000 | 1,566,042,000 | 1,475,955,000 | 1,326,137,000 | 1,415,648,000 | 1,466,247,000 | 1,811,829,000 | 584,695,000 | 598,681,000 | 488,480,000 | 484,537,000 | 495,984,000 | 468,287,000 | 440,141,000 |
due from affiliates | 1,334,225,000 | 1,134,516,000 | 1,122,790,000 | 1,056,608,000 | 870,779,000 | 816,535,000 | 809,273,000 | 896,746,000 | 690,475,000 | 643,444,000 | 707,804,000 | 758,472,000 | 561,503,000 | 552,137,000 | 494,518,000 | 670,383,000 | 493,411,000 | 370,630,000 | 335,450,000 | 405,887,000 | 328,059,000 | 258,126,000 | 288,030,000 | 268,099,000 | 245,276,000 | 234,081,000 | 209,254,000 | 199,377,000 | 183,986,000 | 172,428,000 | 168,810,000 | 161,432,000 | 157,372,000 | 180,907,000 | 166,039,000 | 165,781,000 | 144,982,000 | 150,539,000 |
other assets | 857,551,000 | 914,061,000 | 863,339,000 | 774,654,000 | 641,120,000 | 579,509,000 | 519,292,000 | 429,979,000 | 306,492,000 | 252,646,000 | 267,068,000 | 381,137,000 | 275,189,000 | 265,166,000 | 285,836,000 | 1,122,727,000 | 1,006,870,000 | 1,868,450,000 | 779,941,000 | 812,419,000 | 781,295,000 | 368,696,000 | 426,911,000 | 341,293,000 | 296,302,000 | 358,091,000 | 326,656,000 | 160,150,000 | 102,411,000 | 100,183,000 | 105,187,000 | 103,885,000 | 101,520,000 | 82,902,000 | 65,160,000 | 61,607,000 | 61,402,000 | 56,932,000 |
right-of-use operating lease assets | 526,042,000 | 540,463,000 | 546,814,000 | 511,319,000 | 426,483,000 | 231,518,000 | 237,019,000 | 249,326,000 | 259,537,000 | 170,911,000 | 154,970,000 | 155,950,000 | 159,686,000 | 153,929,000 | 161,088,000 | 167,652,000 | 176,511,000 | 166,889,000 | 157,908,000 | 154,742,000 | 136,392,000 | 140,041,000 | 145,225,000 | 143,406,000 | 148,170,000 | 152,579,000 | 156,075,000 | |||||||||||
intangible assets | 2,166,249,000 | 2,220,065,000 | 2,276,847,000 | 975,828,000 | 969,976,000 | 1,001,126,000 | 1,030,076,000 | 1,058,495,000 | 1,033,590,000 | 1,130,673,000 | 1,166,607,000 | 1,208,220,000 | 1,238,108,000 | 1,453,678,000 | 1,490,591,000 | 1,422,818,000 | 1,452,690,000 | 31,578,000 | 32,756,000 | 33,999,000 | 37,178,000 | 44,115,000 | 47,766,000 | 53,040,000 | 70,568,000 | 77,689,000 | 84,971,000 | 93,616,000 | ||||||||||
goodwill | 3,437,450,000 | 3,436,192,000 | 3,499,341,000 | 1,162,636,000 | 1,133,074,000 | 1,130,327,000 | 1,130,085,000 | 1,123,976,000 | 997,801,000 | 998,020,000 | 998,937,000 | 999,656,000 | 996,740,000 | 998,444,000 | 1,000,289,000 | 143,786,000 | 143,827,000 | 143,848,000 | 143,968,000 | 143,880,000 | 143,824,000 | 143,755,000 | 143,855,000 | 144,017,000 | 144,067,000 | 144,123,000 | ||||||||||||
assets of consolidated funds: | ||||||||||||||||||||||||||||||||||||||
investments held in trust account | 558,150,000 | 556,498,000 | 550,800,000 | 544,254,000 | 536,846,000 | 529,887,000 | 523,038,000 | 1,002,787,000 | 1,000,949,000 | 484,901,000 | 1,013,382,000 | |||||||||||||||||||||||||||
investments, at fair value | 11,254,240,000 | 11,557,348,000 | 11,419,808,000 | 12,187,044,000 | 13,310,098,000 | 13,678,134,000 | 13,790,030,000 | 14,078,549,000 | 13,221,997,000 | 13,090,939,000 | 12,641,251,000 | 12,191,251,000 | 11,569,191,000 | 11,551,482,000 | 11,661,567,000 | 11,816,393,000 | 10,360,854,000 | 10,592,646,000 | 10,948,173,000 | 10,877,097,000 | 10,604,856,000 | 10,005,632,000 | 9,094,565,000 | 8,727,947,000 | 8,271,481,000 | 7,926,615,000 | 7,546,822,000 | 7,673,165,000 | 7,515,383,000 | 6,968,067,000 | 5,479,136,000 | 4,915,029,000 | 3,441,802,000 | 3,405,891,000 | 2,529,173,000 | 2,553,169,000 | 2,559,783,000 | 2,785,753,000 |
receivable for securities sold | 147,795,000 | 191,431,000 | 142,902,000 | 202,782,000 | 176,475,000 | 182,945,000 | 243,998,000 | 146,851,000 | 153,210,000 | 197,729,000 | 305,418,000 | 124,050,000 | 189,823,000 | 195,831,000 | 304,282,000 | 281,132,000 | 187,230,000 | 252,487,000 | 166,960,000 | 121,225,000 | 197,518,000 | 276,692,000 | 355,149,000 | 88,809,000 | 85,701,000 | 76,993,000 | 79,067,000 | 42,076,000 | 95,490,000 | 225,764,000 | 83,718,000 | 25,926,000 | 52,494,000 | 45,936,000 | 65,384,000 | 53,976,000 | 13,416,000 | 25,785,000 |
total assets | 27,032,166,000 | 27,264,941,000 | 27,181,768,000 | 24,884,308,000 | 24,522,650,000 | 24,192,557,000 | 24,413,270,000 | 24,730,500,000 | 23,383,893,000 | 23,118,806,000 | 21,928,582,000 | 22,002,839,000 | 21,206,326,000 | 21,226,215,000 | 21,131,203,000 | 21,605,164,000 | 19,934,398,000 | 18,639,587,000 | 16,535,929,000 | 15,168,992,000 | 14,928,993,000 | 13,719,957,000 | 13,216,929,000 | 12,014,196,000 | 11,596,756,000 | 10,979,749,000 | 10,489,314,000 | 10,154,692,000 | 10,421,600,000 | 10,144,735,000 | 8,560,082,000 | 8,019,437,000 | 6,244,449,000 | 5,718,103,000 | 4,671,604,000 | 4,336,333,000 | 4,321,408,000 | 4,755,970,000 |
liabilities | ||||||||||||||||||||||||||||||||||||||
accounts payable, accrued expenses and other liabilities | 935,366,000 | 875,754,000 | 855,831,000 | 363,872,000 | 328,883,000 | 274,144,000 | 262,551,000 | 233,884,000 | 264,485,000 | 267,198,000 | 261,298,000 | 231,921,000 | 305,131,000 | 256,620,000 | 263,412,000 | 279,673,000 | 208,141,000 | 140,538,000 | 119,578,000 | 115,289,000 | 126,113,000 | 104,017,000 | 90,613,000 | 88,173,000 | 71,077,000 | 76,838,000 | 57,694,000 | 83,221,000 | 76,648,000 | 73,227,000 | 78,771,000 | 94,351,000 | 84,745,000 | 78,788,000 | 104,617,000 | 108,304,000 | ||
accrued compensation | 656,737,000 | 438,196,000 | 300,756,000 | 280,894,000 | 401,035,000 | 296,784,000 | 217,788,000 | 287,259,000 | 361,017,000 | 250,790,000 | 214,135,000 | 510,130,000 | 595,330,000 | 404,821,000 | 285,109,000 | 310,222,000 | 309,569,000 | 202,814,000 | 89,791,000 | 103,010,000 | 215,765,000 | 123,123,000 | 69,702,000 | 37,795,000 | 168,539,000 | 114,936,000 | 64,568,000 | 29,389,000 | 127,481,000 | 87,254,000 | 49,944,000 | 133,799,000 | 89,100,000 | 56,256,000 | 91,743,000 | 55,911,000 | 125,032,000 | 114,807,000 |
due to affiliates | 626,592,000 | 587,400,000 | 721,848,000 | 500,480,000 | 416,041,000 | 349,222,000 | 363,308,000 | 240,254,000 | 210,729,000 | 192,153,000 | 183,451,000 | 252,798,000 | 122,307,000 | 133,422,000 | 194,407,000 | 198,553,000 | 202,438,000 | 98,444,000 | 77,817,000 | 100,186,000 | 63,853,000 | 61,025,000 | 73,050,000 | 71,445,000 | 57,551,000 | 65,527,000 | 69,777,000 | 82,411,000 | 59,456,000 | 62,344,000 | 21,018,000 | 17,207,000 | 23,891,000 | 20,767,000 | 19,096,000 | 38,100,000 | 11,163,000 | 8,740,000 |
performance related compensation payable | 2,992,638,000 | 2,669,386,000 | 2,599,227,000 | 2,537,203,000 | 2,518,898,000 | 2,341,094,000 | 2,449,732,000 | 2,514,610,000 | 2,538,450,000 | 2,579,564,000 | 2,365,230,000 | 2,282,209,000 | 2,402,019,000 | 2,280,764,000 | 2,286,748,000 | 2,190,352,000 | 1,895,343,000 | 1,608,141,000 | 968,582,000 | 813,378,000 | 741,635,000 | 715,181,000 | 532,665,000 | 829,764,000 | 905,949,000 | 772,592,000 | 704,278,000 | 641,737,000 | 688,100,000 | 730,782,000 | 856,421,000 | |||||||
debt obligations | 3,675,783,000 | 3,675,154,000 | 3,544,527,000 | 2,558,914,000 | 2,542,358,000 | 2,566,887,000 | 3,046,182,000 | 2,965,480,000 | 2,340,173,000 | 2,299,731,000 | 2,369,292,000 | 2,273,854,000 | 2,018,462,000 | 1,967,989,000 | 1,942,624,000 | 1,503,709,000 | 1,238,325,000 | 1,088,050,000 | 811,279,000 | 642,998,000 | 642,665,000 | 642,474,000 | 1,046,775,000 | 316,609,000 | 246,442,000 | 566,277,000 | 566,113,000 | 480,952,000 | 350,789,000 | 370,628,000 | 590,169,000 | 486,007,000 | 510,856,000 | 488,221,000 | 279,430,000 | 471,274,000 | 389,120,000 | 595,740,000 |
operating lease liabilities | 676,372,000 | 686,745,000 | 686,038,000 | 641,864,000 | 535,686,000 | 304,205,000 | 308,336,000 | 319,572,000 | 326,902,000 | 206,816,000 | 191,090,000 | 190,616,000 | 193,180,000 | 189,175,000 | 197,312,000 | 205,075,000 | 214,681,000 | 198,289,000 | 186,594,000 | 180,236,000 | 161,737,000 | 164,521,000 | 169,828,000 | 168,817,000 | ||||||||||||||
liabilities of consolidated funds: | ||||||||||||||||||||||||||||||||||||||
payable for securities purchased | 361,855,000 | 244,012,000 | 415,332,000 | 332,406,000 | 377,026,000 | 503,533,000 | 548,032,000 | 484,117,000 | 512,879,000 | 554,555,000 | 549,415,000 | 314,193,000 | 419,726,000 | 667,375,000 | 561,154,000 | 1,118,456,000 | 863,007,000 | 1,329,530,000 | 781,845,000 | 514,946,000 | 684,591,000 | 449,169,000 | 796,316,000 | 500,146,000 | 514,717,000 | 369,465,000 | 591,137,000 | 471,390,000 | 531,615,000 | 744,534,000 | 239,139,000 | 481,055,000 | 231,634,000 | 211,001,000 | 162,898,000 | 71,480,000 | 51,778,000 | 26,934,000 |
clo loan obligations, at fair value | 7,588,847,000 | 8,442,225,000 | 8,522,002,000 | 9,672,189,000 | 11,070,261,000 | 11,491,761,000 | 11,906,346,000 | 12,345,657,000 | 11,460,963,000 | 11,460,999,000 | 10,918,007,000 | 10,701,720,000 | 10,313,881,000 | 10,309,475,000 | 10,397,615,000 | 10,657,661,000 | 10,174,794,000 | 9,296,585,000 | 9,839,639,000 | 9,958,076,000 | 9,608,127,000 | 9,228,687,000 | 8,354,458,000 | 7,973,748,000 | 7,407,720,000 | 7,030,841,000 | 6,547,496,000 | 6,678,091,000 | 6,884,696,000 | 6,333,239,000 | 4,937,264,000 | 4,476,643,000 | 3,093,598,000 | 2,975,484,000 | 2,168,346,000 | 2,167,773,000 | 2,174,352,000 | |
fund borrowings | 785,281,000 | 667,006,000 | 603,307,000 | 275,000,000 | 273,000,000 | 137,241,000 | 78,241,000 | 125,241,000 | 80,741,000 | 65,050,000 | 103,046,000 | 168,046,000 | 149,546,000 | 155,367,000 | 145,088,000 | 127,771,000 | 99,240,000 | 122,409,000 | 110,409,000 | 121,909,000 | 162,733,000 | 167,037,000 | 35,440,000 | 107,244,000 | 124,203,000 | 126,110,000 | 150,733,000 | 209,284,000 | 133,744,000 | 138,438,000 | 140,653,000 | 121,261,000 | 83,725,000 | 48,656,000 | 12,484,000 | 12,484,000 | 11,734,000 | 161,734,000 |
total liabilities | 18,400,136,000 | 18,425,558,000 | 18,389,821,000 | 17,485,922,000 | 18,643,116,000 | 18,435,543,000 | 19,382,799,000 | 19,709,151,000 | 18,339,676,000 | 18,103,070,000 | 17,342,469,000 | 17,097,810,000 | 16,641,576,000 | 16,464,550,000 | 16,367,235,000 | 16,694,730,000 | 15,295,223,000 | 14,181,617,000 | 13,084,629,000 | 12,596,852,000 | 12,458,673,000 | 11,716,209,000 | 11,241,333,000 | 10,155,598,000 | 9,753,974,000 | 9,377,425,000 | 9,009,490,000 | 8,760,351,000 | 8,930,281,000 | 8,609,486,000 | 6,994,887,000 | 6,641,516,000 | 4,995,976,000 | 4,540,485,000 | 3,356,962,000 | 3,375,026,000 | 3,329,497,000 | 3,737,467,000 |
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||
redeemable interest in consolidated funds | 558,050,000 | 556,398,000 | 550,700,000 | 544,154,000 | 536,746,000 | 529,787,000 | 522,938,000 | 1,002,587,000 | 1,000,749,000 | 484,801,000 | 1,013,282,000 | 1,004,994,000 | 1,000,000,000 | 1,000,000,000 | 1,000,000,000 | 1,000,000,000 | 916,824,000 | 930,924,000 | ||||||||||||||||||||
redeemable interest in ares operating group entities | 25,750,000 | 24,135,000 | 23,710,000 | 23,496,000 | 25,111,000 | 23,178,000 | 23,612,000 | 24,098,000 | 23,176,000 | 22,517,000 | 21,942,000 | 93,129,000 | 92,108,000 | 93,518,000 | 96,347,000 | 96,008,000 | 98,649,000 | 100,031,000 | 99,808,000 | 100,366,000 | 99,439,000 | 23,521,000 | 23,353,000 | 23,505,000 | 23,632,000 | |||||||||||||
non-controlling interests in consolidated funds | 2,514,018,000 | 2,327,565,000 | 2,140,044,000 | 2,025,666,000 | 1,948,946,000 | 1,905,921,000 | 1,515,302,000 | 1,258,445,000 | 1,053,433,000 | 971,309,000 | 1,171,402,000 | 1,074,356,000 | 834,710,000 | 798,476,000 | 700,913,000 | 591,452,000 | 464,400,000 | 561,205,000 | 552,688,000 | 539,720,000 | 537,101,000 | |||||||||||||||||
non-controlling interests in ares operating group entities | 1,618,234,000 | 1,567,802,000 | 1,617,688,000 | 1,254,878,000 | 1,285,248,000 | 1,289,401,000 | 1,194,276,000 | 1,322,469,000 | 1,231,842,000 | 1,271,157,000 | 1,238,074,000 | 1,135,023,000 | 1,121,277,000 | 1,230,305,000 | 1,273,660,000 | 1,397,747,000 | 1,322,866,000 | 1,257,628,000 | 706,381,000 | 738,369,000 | 691,609,000 | |||||||||||||||||
stockholders’ equity | ||||||||||||||||||||||||||||||||||||||
series b mandatory convertible preferred stock, 0.01 par value... | 1,460,758,000 | 1,459,918,000 | 1,459,918,000 | 1,458,771,000 | ||||||||||||||||||||||||||||||||||
class a common stock, 0.01 par value... | 2,168,000 | 2,159,000 | 2,149,000 | 1,999,000 | 1,983,000 | 1,957,000 | 1,911,000 | 1,871,000 | 1,844,000 | 1,812,000 | 1,777,000 | 1,739,000 | 1,724,000 | 1,718,000 | 1,715,000 | 1,684,000 | 1,676,000 | 1,631,000 | 1,498,000 | 1,472,000 | 1,438,000 | 1,353,000 | 1,324,000 | 1,152,000 | 1,147,000 | 1,075,000 | 1,031,000 | 1,016,000 | ||||||||||
non-voting common stock, 0.01 par value... | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | ||||||||||||||||||||
class b common stock, 0.01 par value... | ||||||||||||||||||||||||||||||||||||||
class c common stock, 0.01 par value... | 1,065,000 | 1,073,000 | 1,081,000 | 1,098,000 | 1,112,000 | 1,133,000 | 1,151,000 | 1,170,000 | 1,181,000 | 1,197,000 | 1,206,000 | 1,172,000 | 1,183,000 | 1,184,000 | 1,185,000 | 1,186,000 | 1,188,000 | 1,176,000 | 1,122,000 | 1,124,000 | 1,146,000 | 1,148,000 | 1,152,000 | |||||||||||||||
additional paid-in-capital | 4,198,927,000 | 4,088,061,000 | 4,040,708,000 | 2,936,794,000 | 2,856,893,000 | 2,721,980,000 | 2,387,437,000 | 2,391,036,000 | 2,262,735,000 | 2,182,173,000 | 2,100,043,000 | 1,970,754,000 | 1,911,736,000 | 1,880,321,000 | 1,851,057,000 | 1,913,559,000 | 1,881,913,000 | 1,750,144,000 | 1,033,735,000 | 1,043,669,000 | 1,011,697,000 | 800,077,000 | 746,595,000 | 525,244,000 | 507,531,000 | 379,789,000 | 332,305,000 | 326,007,000 | ||||||||||
accumulated deficit | -1,218,682,000 | -1,221,611,000 | -1,074,128,000 | -837,294,000 | -792,398,000 | -712,856,000 | -612,560,000 | -495,083,000 | -515,351,000 | -425,526,000 | -420,822,000 | -369,475,000 | -374,198,000 | -226,700,000 | -154,925,000 | |||||||||||||||||||||||
accumulated other comprehensive income, net of tax | 29,757,000 | 32,196,000 | 24,344,000 | 8,450,000 | -1,855,000 | -2,571,000 | 696,000 | -62,000 | 483,000 | |||||||||||||||||||||||||||||
total stockholders’ equity | 4,474,028,000 | 4,361,831,000 | 4,454,107,000 | 3,543,646,000 | 2,076,075,000 | 2,001,768,000 | 1,767,494,000 | 1,893,399,000 | 1,733,179,000 | 1,750,004,000 | 1,669,894,000 | 1,589,239,000 | 1,622,282,000 | |||||||||||||||||||||||||
total equity | 8,606,280,000 | 8,257,198,000 | 8,211,839,000 | 6,824,190,000 | 5,310,269,000 | 5,197,090,000 | 4,477,072,000 | 4,474,313,000 | 4,018,454,000 | 3,992,470,000 | 4,079,370,000 | 3,798,618,000 | 3,467,648,000 | 3,668,147,000 | 3,667,621,000 | 3,814,426,000 | 3,540,526,000 | 3,441,115,000 | 2,420,568,000 | 2,471,774,000 | 2,370,881,000 | 2,003,748,000 | 1,975,596,000 | 1,858,598,000 | 1,842,782,000 | 1,602,324,000 | 1,479,824,000 | 1,394,341,000 | 1,491,319,000 | 1,535,249,000 | 1,565,195,000 | 1,377,921,000 | 1,248,473,000 | 1,177,618,000 | 1,291,121,000 | 937,954,000 | 968,406,000 | 994,871,000 |
total liabilities, redeemable interest, non-controlling interests and equity | 27,032,166,000 | 27,264,941,000 | 27,181,768,000 | 24,884,308,000 | 24,522,650,000 | 24,192,557,000 | 24,413,270,000 | 24,730,500,000 | 23,383,893,000 | 23,118,806,000 | 21,928,582,000 | 22,002,839,000 | 21,206,326,000 | 21,226,215,000 | 21,131,203,000 | 21,605,164,000 | 19,934,398,000 | 18,639,587,000 | 16,535,929,000 | 15,168,992,000 | 14,928,993,000 | 4,671,604,000 | 4,336,333,000 | 4,321,408,000 | 4,755,970,000 | |||||||||||||
accumulated other comprehensive loss, net of tax | -17,757,000 | -10,481,000 | -10,480,000 | -5,630,000 | -17,265,000 | -9,687,000 | -12,345,000 | -14,986,000 | -28,819,000 | -17,192,000 | -6,019,000 | -6,787,000 | -11,237,000 | -10,849,000 | -6,047,000 | -11,010,000 | -8,879,000 | -7,240,000 | -7,403,000 | -6,758,000 | -4,001,000 | -4,486,000 | -7,403,000 | |||||||||||||||
u.s. treasury securities, at fair value | 1,005,094,000 | 1,000,490,000 | 1,000,615,000 | 1,000,285,000 | 1,000,165,000 | 1,000,057,000 | 1,000,040,000 | |||||||||||||||||||||||||||||||
stockholders' equity | ||||||||||||||||||||||||||||||||||||||
total stockholders' equity | 1,511,661,000 | 1,639,366,000 | 1,693,048,000 | 1,825,227,000 | 1,753,260,000 | 1,161,499,000 | 1,193,685,000 | 1,142,171,000 | 945,057,000 | 898,612,000 | 768,290,000 | 752,121,000 | 635,499,000 | 599,678,000 | 587,924,000 | |||||||||||||||||||||||
series a preferred stock, 0.01 par value... | 298,761,000 | 298,761,000 | 298,761,000 | 298,761,000 | 298,761,000 | 298,761,000 | 298,761,000 | 298,761,000 | 298,761,000 | 298,761,000 | ||||||||||||||||||||||||||||
retained earnings | -89,382,000 | -128,981,000 | -131,400,000 | -173,555,000 | -151,824,000 | -164,084,000 | -145,045,000 | -138,371,000 | -50,820,000 | -44,308,000 | -35,247,000 | -25,179,000 | -29,336,000 | |||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||
non-controlling interest in consolidated funds | 506,201,000 | 562,818,000 | 618,020,000 | 639,676,000 | 613,943,000 | 552,846,000 | 503,637,000 | 578,420,000 | 577,217,000 | 544,380,000 | 459,723,000 | 345,462,000 | 369,447,000 | 334,207,000 | 332,395,000 | 320,238,000 | 311,864,000 | |||||||||||||||||||||
non-controlling interest in ares operating group entities | 552,490,000 | 514,166,000 | 472,288,000 | 450,985,000 | 352,882,000 | 327,300,000 | 302,780,000 | 319,820,000 | 316,048,000 | 348,820,000 | 348,513,000 | 333,641,000 | 278,936,000 | 397,640,000 | 374,931,000 | 397,883,000 | 416,499,000 | |||||||||||||||||||||
total liabilities, non-controlling interests and equity | 13,719,957,000 | 13,216,929,000 | 12,014,196,000 | 11,596,756,000 | 10,979,749,000 | 10,489,314,000 | 10,154,692,000 | 5,718,103,000 | ||||||||||||||||||||||||||||||
right-of-use operating lease liabilities | 174,078,000 | 179,192,000 | 183,037,000 | |||||||||||||||||||||||||||||||||||
deferred tax asset | 42,137,000 | 16,240,000 | 42,942,000 | 50,986,000 | 36,661,000 | 39,080,000 | 43,929,000 | |||||||||||||||||||||||||||||||
dividends and interest receivable | 19,330,000 | 16,534,000 | 14,634,000 | 12,096,000 | 10,061,000 | 6,797,000 | 7,426,000 | 9,545,000 | 11,096,000 | 13,005,000 | 12,812,000 | |||||||||||||||||||||||||||
preferred equity | 298,761,000 | 298,761,000 | 298,761,000 | 298,761,000 | 298,761,000 | 298,761,000 | 298,971,000 | |||||||||||||||||||||||||||||||
shareholders' equity | 301,721,000 | 349,981,000 | 377,235,000 | |||||||||||||||||||||||||||||||||||
accumulated other comprehensive benefit, net of tax | -8,524,000 | |||||||||||||||||||||||||||||||||||||
controlling interest in ares management, l.p.: | ||||||||||||||||||||||||||||||||||||||
total controlling interest in ares management, l.p. | 294,318,000 | 343,223,000 | 373,234,000 | 270,924,000 | ||||||||||||||||||||||||||||||||||
total liabilities and equity | 10,421,600,000 | 10,144,735,000 | 8,560,082,000 | 8,019,437,000 | 6,244,449,000 | |||||||||||||||||||||||||||||||||
performance fees receivable | 997,578,000 | 1,082,775,000 | 809,008,000 | 626,064,000 | 524,271,000 | 534,661,000 | 561,468,000 | |||||||||||||||||||||||||||||||
performance fee compensation payable | 780,201,000 | 844,789,000 | 631,460,000 | 480,979,000 | 394,668,000 | 401,715,000 | 412,269,000 | |||||||||||||||||||||||||||||||
partners' capital | 275,410,000 | 278,012,000 | 238,212,000 | 268,835,000 | 236,270,000 | 251,537,000 | 258,305,000 | |||||||||||||||||||||||||||||||
controlling interest in ares management, l.p. : | ||||||||||||||||||||||||||||||||||||||
total controlling interest in ares management, l.p | 270,609,000 | 230,474,000 | 260,303,000 | 230,628,000 | 246,917,000 | 256,048,000 | ||||||||||||||||||||||||||||||||
non-controlling interest in consolidated funds: | ||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -7,738,000 | -8,532,000 | -5,642,000 | -4,619,000 | ||||||||||||||||||||||||||||||||||
equity compensation put option liability | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | ||||||||||||||||||||||||||||||||||
deferred tax liability | 6,628,000 | 21,603,000 | 21,288,000 | 18,687,000 | ||||||||||||||||||||||||||||||||||
equity appropriated for consolidated funds | 3,367,000 | 10,460,000 | ||||||||||||||||||||||||||||||||||||
revenues | ||||||||||||||||||||||||||||||||||||||
management fees | 158,521,000 | 158,433,000 | 634,399,000 | 158,051,000 | ||||||||||||||||||||||||||||||||||
performance fees | 203,151,000 | -29,947,000 | 150,615,000 | -22,223,000 | ||||||||||||||||||||||||||||||||||
administrative and other fees | 7,863,000 | |||||||||||||||||||||||||||||||||||||
total revenues | 369,535,000 | 136,015,000 | 814,442,000 | 143,854,000 | ||||||||||||||||||||||||||||||||||
expenses | ||||||||||||||||||||||||||||||||||||||
compensation and benefits | 112,654,000 | 110,679,000 | 414,454,000 | 104,872,000 | ||||||||||||||||||||||||||||||||||
performance fee compensation | 151,896,000 | -21,330,000 | 111,683,000 | -20,293,000 | ||||||||||||||||||||||||||||||||||
general, administrative and other incomes | 38,686,000 | 39,962,000 | 224,798,000 | 50,862,000 | ||||||||||||||||||||||||||||||||||
consolidated funds' expenses | 699,000 | 227,000 | 18,105,000 | 945,000 | ||||||||||||||||||||||||||||||||||
total expenses | 303,935,000 | 129,538,000 | 769,040,000 | 136,386,000 | ||||||||||||||||||||||||||||||||||
other income | 5,673,000 | 5,241,000 | 21,680,000 | 2,769,000 | ||||||||||||||||||||||||||||||||||
net interest and investment income | 4,993,000 | -3,359,000 | ||||||||||||||||||||||||||||||||||||
net realized and unrealized gain on investments | -3,151,000 | 5,142,000 | ||||||||||||||||||||||||||||||||||||
net interest and investment income of the consolidated funds | 9,690,000 | 7,332,000 | ||||||||||||||||||||||||||||||||||||
net realized and unrealized gain on investments of consolidated funds | 201,000 | |||||||||||||||||||||||||||||||||||||
total other income | 17,406,000 | -15,451,000 | 36,082,000 | -39,553,000 | ||||||||||||||||||||||||||||||||||
income before taxes | 83,006,000 | -8,974,000 | 81,484,000 | -32,085,000 | ||||||||||||||||||||||||||||||||||
income tax benefit | -4,434,000 | |||||||||||||||||||||||||||||||||||||
net income | 87,440,000 | -13,639,000 | 62,420,000 | -37,664,000 | ||||||||||||||||||||||||||||||||||
less: net income attributable to non-controlling interests in consolidated funds | 1,054,000 | -11,979,000 | -5,686,000 | -9,219,000 | ||||||||||||||||||||||||||||||||||
less: net income attributable to redeemable interests in ares operating group entities | 339,000 | 10,000 | 338,000 | -119,000 | ||||||||||||||||||||||||||||||||||
less: net income attributable to non-controlling interests in ares operating group entities | 48,473,000 | 1,420,000 | 48,390,000 | -16,977,000 | ||||||||||||||||||||||||||||||||||
net income attributable to ares management, l.p. | 37,574,000 | -3,090,000 | 19,378,000 | -11,349,000 | ||||||||||||||||||||||||||||||||||
net income attributable to ares management, l.p. per common unit: | ||||||||||||||||||||||||||||||||||||||
basic | 460 | -40 | 230 | -140 | ||||||||||||||||||||||||||||||||||
diluted | 460 | -40 | 230 | -140 | ||||||||||||||||||||||||||||||||||
weighted-average common units | ||||||||||||||||||||||||||||||||||||||
distribution declared and paid per common unit | 150 | 200 | ||||||||||||||||||||||||||||||||||||
other fees | 7,529,000 | 29,428,000 | 8,026,000 | |||||||||||||||||||||||||||||||||||
net realized and unrealized loss on investments of consolidated funds | -29,807,000 | |||||||||||||||||||||||||||||||||||||
income tax expense | 4,665,000 | 19,064,000 | 5,579,000 | |||||||||||||||||||||||||||||||||||
restricted cash and cash equivalents | 234,000 | 554,000 | ||||||||||||||||||||||||||||||||||||
derivative assets, at fair value | 1,339,000 | 520,000 | ||||||||||||||||||||||||||||||||||||
loans held for investment | ||||||||||||||||||||||||||||||||||||||
accounts payable and accrued expenses | 103,974,000 | 138,945,000 | ||||||||||||||||||||||||||||||||||||
derivative liabilities, at fair value | 390,000 | 1,802,000 | ||||||||||||||||||||||||||||||||||||
securities sold short, at fair value | ||||||||||||||||||||||||||||||||||||||
mezzanine debt | ||||||||||||||||||||||||||||||||||||||
interest and other investment income | 14,045,000 | 1,049,000 | ||||||||||||||||||||||||||||||||||||
interest expense | -18,949,000 | -5,913,000 | ||||||||||||||||||||||||||||||||||||
debt extinguishment expense | -11,641,000 | |||||||||||||||||||||||||||||||||||||
net realized gain on investments | 20,090,000 | -1,078,000 | ||||||||||||||||||||||||||||||||||||
net change in unrealized appreciation on investments | -3,081,000 | |||||||||||||||||||||||||||||||||||||
interest and other investment income of consolidated funds | 117,373,000 | 32,306,000 | ||||||||||||||||||||||||||||||||||||
interest expense of consolidated funds | -78,819,000 | -23,848,000 | ||||||||||||||||||||||||||||||||||||
debt extinguishment gain of consolidated funds | ||||||||||||||||||||||||||||||||||||||
net realized gain on investments of consolidated funds | -8,659,000 | -1,517,000 | ||||||||||||||||||||||||||||||||||||
net change in unrealized appreciation (depreciation) on investments of consolidated funds | -15,957,000 | -36,715,000 | ||||||||||||||||||||||||||||||||||||
less: net income attributable to redeemable interests in consolidated funds | ||||||||||||||||||||||||||||||||||||||
less: net income attributable to controlling interests in predecessor | ||||||||||||||||||||||||||||||||||||||
distribution declared per common unit | 880 | 260 | ||||||||||||||||||||||||||||||||||||
clo loan obligations | 2,221,144,000 | |||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | -2,257,000 | |||||||||||||||||||||||||||||||||||||
net change in unrealized appreciation (depreciation) on investments | -6,606,000 | |||||||||||||||||||||||||||||||||||||
net income attributable to ares management, l.p. per common unit |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||||
net income | 540,379,000 | 225,980,000 | 123,501,000 | 350,016,000 | 280,653,000 | 276,251,000 | 203,815,000 | 423,547,000 | 196,974,000 | 332,255,000 | 207,316,000 | 293,190,000 | -48,779,000 | 53,606,000 | 140,898,000 | 265,963,000 | 216,713,000 | 271,319,000 | 164,310,000 | 242,279,000 | 141,327,000 | 216,676,000 | -275,797,000 | 84,475,000 | 91,875,000 | 74,878,000 | 121,576,000 | 16,337,000 | 47,212,000 | 14,169,000 | 74,421,000 | 83,872,000 | 113,827,000 | -156,324,000 | 117,788,000 | 87,440,000 | -13,639,000 | 6,245,000 |
adjustments to reconcile net income to net cash from operating activities | 29,421,000 | 151,981,000 | 310,333,000 | 125,737,000 | 80,364,000 | 222,996,000 | 162,407,000 | 28,012,000 | 121,761,000 | 259,877,000 | 7,600,000 | 53,473,000 | 47,726,000 | -20,877,000 | 44,284,000 | 55,750,000 | 3,766,000 | 125,070,000 | 11,622,000 | 37,348,000 | 10,766,000 | 42,563,000 | 245,942,000 | -19,979,000 | -74,015,000 | -18,522,000 | ||||||||||||
adjustments to reconcile net income to net cash from operating activities allocable to non-controlling interests in consolidated funds | 457,126,000 | 194,433,000 | 968,969,000 | 511,976,000 | 79,182,000 | 244,182,000 | -64,677,000 | -1,213,071,000 | 328,840,000 | -272,622,000 | -758,031,000 | -97,772,000 | 123,688,000 | -269,526,000 | -43,858,000 | -453,015,000 | -466,504,000 | -943,649,000 | -416,457,000 | -547,211,000 | -1,787,163,000 | 152,375,000 | -1,095,103,000 | |||||||||||||||
cash flows due to changes in operating assets and liabilities | 160,565,000 | -38,026,000 | 227,706,000 | 101,000,000 | 53,408,000 | 103,981,000 | 66,234,000 | 62,355,000 | 7,071,000 | 156,489,000 | 24,814,000 | 132,346,000 | -18,602,000 | -123,792,000 | -7,044,000 | 30,728,000 | 62,979,000 | 51,995,000 | 31,862,000 | -16,361,000 | 3,537,000 | 23,171,000 | 104,643,000 | -37,718,000 | 65,656,000 | -8,946,000 | -135,303,000 | |||||||||||
cash flows due to changes in operating assets and liabilities allocable to redeemable and non-controlling interest in consolidated funds | 153,252,000 | -118,667,000 | 363,694,000 | -178,047,000 | -57,033,000 | -64,929,000 | -42,667,000 | 91,397,000 | 42,584,000 | -70,372,000 | -120,337,000 | -4,795,000 | -1,144,233,000 | 149,018,000 | 265,512,000 | |||||||||||||||||||||||
net cash from operating activities | 1,340,743,000 | 415,701,000 | 1,994,203,000 | 807,618,000 | 841,319,000 | 432,172,000 | 710,045,000 | -560,052,000 | 318,271,000 | -699,052,000 | 707,572,000 | -190,507,000 | 24,593,000 | -792,348,000 | 224,150,000 | -752,294,000 | -774,708,000 | -327,925,000 | -741,118,000 | -438,121,000 | 163,301,000 | 212,398,000 | -363,237,000 | -402,937,000 | -388,772,000 | -941,466,000 | -349,846,000 | 306,156,000 | -435,613,000 | -1,368,152,000 | 80,507,000 | -888,090,000 | -12,344,000 | -291,816,000 | -328,384,000 | 94,273,000 | -25,248,000 | -6,400,000 |
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
free cash flows | 1,340,743,000 | 415,701,000 | 1,994,203,000 | 807,618,000 | 841,319,000 | 432,172,000 | 710,045,000 | -560,052,000 | 318,271,000 | -699,052,000 | 707,572,000 | -190,507,000 | 24,593,000 | -792,348,000 | 224,150,000 | -752,294,000 | -774,708,000 | -327,925,000 | -741,118,000 | -438,121,000 | 163,301,000 | 212,398,000 | -363,237,000 | -402,937,000 | -388,772,000 | -941,466,000 | -349,846,000 | 306,156,000 | -435,613,000 | -1,368,152,000 | 80,507,000 | -888,090,000 | -12,344,000 | -291,816,000 | -328,384,000 | 94,273,000 | -25,248,000 | -6,400,000 |
cash flows from investing activities: | ||||||||||||||||||||||||||||||||||||||
purchase of furniture, equipment and leasehold improvements, net of disposals | -11,492,000 | -22,918,000 | -21,975,000 | -9,306,000 | -26,894,000 | -29,238,000 | -26,071,000 | -23,006,000 | -23,050,000 | -12,250,000 | -8,877,000 | -7,408,000 | -9,940,000 | -9,924,000 | -8,524,000 | -12,074,000 | -7,200,000 | -4,668,000 | -3,284,000 | |||||||||||||||||||
acquisitions, net of cash acquired | -3,460,000 | 0 | -1,722,715,000 | -8,000,000 | 75,000 | 19,000 | -53,000 | -301,624,000 | 19,000 | -279,282,000 | -2,993,000 | -1,000 | ||||||||||||||||||||||||||
net cash from investing activities | -14,952,000 | -22,918,000 | -1,744,690,000 | -63,518,000 | -32,577,000 | -29,238,000 | -34,071,000 | -66,902,000 | -23,050,000 | -12,250,000 | -8,877,000 | -7,333,000 | -9,921,000 | -9,977,000 | -310,148,000 | -12,055,000 | -286,482,000 | -782,812,000 | -3,284,000 | -10,327,000 | -82,513,000 | -5,018,000 | -38,906,000 | -4,723,000 | -6,420,000 | -2,659,000 | -2,994,000 | -3,982,000 | -7,311,000 | -4,269,000 | -2,857,000 | -6,732,000 | -10,942,000 | -10,252,000 | -2,894,000 | -2,474,000 | -2,799,000 | -2,088,000 |
cash flows from financing activities: | ||||||||||||||||||||||||||||||||||||||
net proceeds from issuance of class a common stock | -112,000 | 52,841,000 | 0 | 0 | -180,000 | 383,334,000 | ||||||||||||||||||||||||||||||||
proceeds from credit facility | 605,000,000 | 400,000,000 | 1,125,000,000 | 240,000,000 | 320,000,000 | 360,000,000 | 290,000,000 | 675,000,000 | 240,000,000 | 250,000,000 | 245,000,000 | 440,000,000 | 240,000,000 | -160,000,000 | 860,000,000 | 415,000,000 | 150,000,000 | 150,000,000 | 168,000,000 | 0 | 0 | 0 | 790,000,000 | 70,000,000 | 30,000,000 | 90,000,000 | 145,000,000 | 270,000,000 | 85,000,000 | 85,000,000 | 240,000,000 | 80,000,000 | 0 | 165,000,000 | 0 | 20,000,000 | 127,000,000 | 110,000,000 |
repayments of credit facility | -605,000,000 | -270,000,000 | -140,000,000 | -710,000,000 | -345,000,000 | -840,000,000 | -210,000,000 | -545,000,000 | -200,000,000 | -320,000,000 | -150,000,000 | -185,000,000 | -190,000,000 | 185,000,000 | -905,000,000 | -150,000,000 | 0 | 0 | 0 | -800,000,000 | -60,000,000 | 0 | -350,000,000 | -90,000,000 | -60,000,000 | -140,000,000 | -105,000,000 | -100,000,000 | -310,000,000 | -105,000,000 | 0 | -212,000,000 | -45,000,000 | 0 | ||||
dividends and distributions | -423,678,000 | -428,171,000 | -445,088,000 | -341,536,000 | -337,100,000 | -312,214,000 | -320,046,000 | -270,581,000 | -249,584,000 | -258,869,000 | -251,632,000 | -228,144,000 | -201,854,000 | -194,480,000 | -211,886,000 | -154,938,000 | -150,390,000 | -146,410,000 | -141,768,000 | -111,823,000 | -110,550,000 | -117,569,000 | -106,838,000 | -85,366,000 | -85,937,000 | -76,885,000 | -75,479,000 | |||||||||||
stock option exercises | 0 | 0 | 0 | 1,511,000 | 5,533,000 | 27,286,000 | 43,960,000 | 9,180,000 | 6,674,000 | 5,887,000 | 5,297,000 | 3,347,000 | 9,807,000 | 13,382,000 | 13,918,000 | 11,518,000 | 47,890,000 | 19,551,000 | 7,421,000 | 4,296,000 | ||||||||||||||||||
taxes paid related to net share settlement of equity awards | -9,014,000 | -19,887,000 | -396,722,000 | -15,917,000 | -8,539,000 | -16,345,000 | -186,731,000 | -11,586,000 | -11,851,000 | -20,139,000 | -113,431,000 | -7,088,000 | -4,738,000 | -6,458,000 | -183,027,000 | -4,814,000 | -120,449,000 | -16,248,000 | -84,590,000 | -19,711,000 | -1,322,000 | -835,000 | -73,500,000 | -1,532,000 | -598,000 | |||||||||||||
other financing activities | 840,000 | 1,333,000 | 457,000 | 1,800,000 | -818,000 | 269,000 | 1,034,000 | 2,041,000 | -652,000 | 1,071,000 | 483,000 | 1,598,000 | 623,000 | 978,000 | 856,000 | 9,533,000 | 12,391,000 | -10,756,000 | 341,000 | 2,606,000 | -2,248,000 | 236,000 | -2,125,000 | 28,000 | 18,000 | -5,398,000 | 2,140,000 | 1,447,000 | 917,000 | -42,000 | 937,000 | 646,000 | -132,000 | -207,000 | -362,000 | |||
allocable to redeemable and non-controlling interests in consolidated funds: | ||||||||||||||||||||||||||||||||||||||
contributions from redeemable and non-controlling interests in consolidated funds | 109,756,000 | 71,067,000 | 89,080,000 | 94,860,000 | 32,684,000 | 342,937,000 | 168,673,000 | 119,512,000 | 54,953,000 | 587,406,000 | 93,585,000 | 250,750,000 | 80,366,000 | 135,350,000 | 82,930,000 | 113,978,000 | -43,163,000 | 20,894,000 | 941,935,000 | |||||||||||||||||||
distributions to non-controlling interests in consolidated funds | -29,264,000 | -1,582,000 | -318,174,000 | -47,519,000 | -28,898,000 | -20,696,000 | -26,908,000 | -44,183,000 | -21,020,000 | -14,992,000 | -20,933,000 | -73,859,000 | -50,794,000 | -18,680,000 | -34,958,000 | -14,127,000 | -12,481,000 | -33,460,000 | -38,829,000 | -81,760,000 | -19,418,000 | -136,837,000 | -13,492,000 | -30,707,000 | -34,620,000 | -10,219,000 | -20,736,000 | -112,915,000 | -11,466,000 | -34,346,000 | -983,000 | -2,208,000 | -39,054,000 | -7,822,000 | -38,042,000 | 2,000 | -23,230,000 | -2,625,000 |
redemptions of redeemable interests in consolidated funds | -502,360,000 | -492,156,000 | -14,733,000 | 0 | -538,985,000 | |||||||||||||||||||||||||||||||||
borrowings under loan obligations by consolidated funds | 219,700,000 | 139,885,000 | 172,606,000 | 35,811,000 | 156,405,000 | 130,188,000 | 36,947,000 | 837,633,000 | 14,200,000 | 532,550,000 | 2,914,000 | 20,000,000 | 306,497,000 | 764,866,000 | 49,317,000 | 592,045,000 | 964,000,000 | 485,887,000 | 7,000,000 | 395,084,000 | 9,852,000 | 153,964,000 | 454,391,000 | 859,496,000 | 548,254,000 | 1,537,943,000 | 396,144,000 | -233,788,000 | 928,605,000 | 2,205,513,000 | 1,303,000 | 1,124,465,000 | 808,312,000 | 505,714,000 | 529,981,000 | 0 | 750,000 | -2,000 |
repayments under loan obligations by consolidated funds | -591,077,000 | -452,703,000 | -1,264,886,000 | -724,007,000 | -625,799,000 | -457,433,000 | -421,112,000 | -141,494,000 | -82,701,000 | -77,344,000 | -97,325,000 | -23,949,000 | -74,400,000 | 10,584,000 | -57,457,000 | -5,843,000 | -15,178,000 | -30,278,000 | -29,453,000 | -85,261,000 | -17,105,000 | -14,080,000 | -73,609,000 | -450,214,000 | -56,541,000 | -467,728,000 | -61,227,000 | -40,950,000 | -386,898,000 | -530,910,000 | -68,891,000 | -179,526,000 | -720,506,000 | -566,919,000 | -58,036,000 | -521,000 | -45,091,000 | 273,000 |
net cash from financing activities | -1,225,097,000 | -567,201,000 | -1,177,727,000 | 478,161,000 | -784,224,000 | -458,899,000 | -666,632,000 | 633,729,000 | -244,102,000 | 723,643,000 | -821,144,000 | 200,982,000 | 111,587,000 | 722,457,000 | 93,037,000 | 810,641,000 | 798,112,000 | 1,077,661,000 | 817,211,000 | 116,345,000 | -134,680,000 | -483,322,000 | 1,445,552,000 | 371,662,000 | 305,543,000 | 1,091,794,000 | 353,331,000 | -327,707,000 | 439,987,000 | 1,378,711,000 | -85,652,000 | 943,584,000 | 47,282,000 | 60,781,000 | 403,730,000 | 68,590,000 | 17,382,000 | |
effect of exchange rate changes | -113,681,000 | 65,538,000 | 38,774,000 | -64,423,000 | 41,175,000 | -5,921,000 | -11,285,000 | 29,672,000 | -16,119,000 | -7,763,000 | 4,711,000 | 25,345,000 | -17,626,000 | -13,307,000 | -4,652,000 | 1,659,000 | -24,124,000 | 6,110,000 | -2,749,000 | 3,163,000 | 32,604,000 | -1,691,000 | -14,120,000 | 22,179,000 | -5,368,000 | -20,947,000 | 9,760,000 | 13,588,000 | -319,000 | 3,618,000 | 4,613,000 | 419,000 | 9,271,000 | 2,415,000 | -257,000 | -5,735,000 | -884,000 | |
net change in cash and cash equivalents | -12,987,000 | -108,880,000 | -889,440,000 | 1,157,838,000 | 65,693,000 | -61,886,000 | -1,943,000 | 36,447,000 | 35,000,000 | 4,578,000 | -117,738,000 | 28,487,000 | 108,633,000 | -93,175,000 | 2,387,000 | 47,951,000 | -287,202,000 | -26,966,000 | 70,060,000 | -328,940,000 | -21,288,000 | -277,633,000 | 1,029,289,000 | -13,819,000 | -95,017,000 | 126,722,000 | 10,251,000 | -11,945,000 | -3,256,000 | 9,908,000 | -3,389,000 | 49,181,000 | 33,267,000 | -238,872,000 | 72,195,000 | |||
cash and cash equivalents, beginning of period | 0 | 0 | 1,507,976,000 | 0 | 0 | 0 | 348,274,000 | 0 | 0 | 0 | 389,987,000 | 0 | 0 | 0 | 343,655,000 | 0 | 0 | 0 | 539,812,000 | 0 | 0 | 0 | 138,384,000 | 0 | 0 | 0 | 110,247,000 | 0 | 0 | 0 | 118,929,000 | 0 | 0 | 342,861,000 | 0 | 0 | 121,483,000 | 0 |
cash and cash equivalents, end of period | -12,987,000 | -108,880,000 | 618,536,000 | 1,157,838,000 | 65,693,000 | -61,886,000 | 346,331,000 | 36,447,000 | 35,000,000 | 4,578,000 | 272,249,000 | 28,487,000 | 108,633,000 | -93,175,000 | 346,042,000 | 47,951,000 | -287,202,000 | -26,966,000 | 609,872,000 | -328,940,000 | -21,288,000 | -277,633,000 | 1,167,673,000 | -13,819,000 | -95,017,000 | 126,722,000 | 120,498,000 | -11,945,000 | -3,256,000 | 9,908,000 | 115,540,000 | 49,181,000 | 33,267,000 | 103,989,000 | 72,195,000 | 154,654,000 | 109,934,000 | -266,195,000 |
supplemental disclosure of non-cash financing activities: | ||||||||||||||||||||||||||||||||||||||
equity issued in connection with acquisition-related activities | 0 | 0 | 1,657,881,000 | |||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||
equity compensation expense | 8,476,000 | 9,536,000 | 9,173,000 | 8,118,000 | ||||||||||||||||||||||||||||||||||
depreciation and amortization | 9,183,000 | 9,701,000 | 9,738,000 | 11,119,000 | ||||||||||||||||||||||||||||||||||
net realized and unrealized (gains) losses on investments | ||||||||||||||||||||||||||||||||||||||
other non-cash amounts | 0 | |||||||||||||||||||||||||||||||||||||
investments purchased | -15,130,000 | -23,387,000 | -23,424,000 | -43,754,000 | ||||||||||||||||||||||||||||||||||
proceeds from sale of investments | 36,405,000 | 28,033,000 | 5,520,000 | |||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities allocable to non-controlling interests in consolidated funds: | -81,753,000 | |||||||||||||||||||||||||||||||||||||
net realized and unrealized gains on investments | ||||||||||||||||||||||||||||||||||||||
cash flows due to changes in operating assets and liabilities: | ||||||||||||||||||||||||||||||||||||||
net carried interest and incentive fees receivable | ||||||||||||||||||||||||||||||||||||||
due to/from affiliates | -4,043,000 | -24,558,000 | 3,268,000 | 7,980,000 | ||||||||||||||||||||||||||||||||||
other assets | -3,800,000 | 2,069,000 | 914,000 | -3,024,000 | ||||||||||||||||||||||||||||||||||
accrued compensation and benefits | 38,836,000 | 36,931,000 | -69,089,000 | 10,123,000 | ||||||||||||||||||||||||||||||||||
accounts payable, accrued expenses and other liabilities | 3,947,000 | -1,610,000 | 3,486,000 | -14,654,000 | ||||||||||||||||||||||||||||||||||
cash flows due to changes in operating assets and liabilities allocable to redeemable and non-controlling interest in consolidated funds: | ||||||||||||||||||||||||||||||||||||||
change in cash and cash equivalents held at consolidated funds | 20,280,000 | -109,661,000 | 35,636,000 | -73,563,000 | ||||||||||||||||||||||||||||||||||
net cash relinquished with deconsolidation of consolidated funds | ||||||||||||||||||||||||||||||||||||||
change in other assets and receivables held at consolidated funds | 32,328,000 | -7,789,000 | -39,319,000 | 7,943,000 | ||||||||||||||||||||||||||||||||||
change in other liabilities and payables held at consolidated funds | 18,713,000 | 92,213,000 | 18,996,000 | 26,851,000 | ||||||||||||||||||||||||||||||||||
net proceeds from issuance of series b mandatory convertible preferred stock | ||||||||||||||||||||||||||||||||||||||
proceeds from issuance of senior notes | 488,915,000 | |||||||||||||||||||||||||||||||||||||
repayment of senior notes | ||||||||||||||||||||||||||||||||||||||
equity issued in connection with settlement of management incentive program | ||||||||||||||||||||||||||||||||||||||
supplemental disclosure of cash flow information: | ||||||||||||||||||||||||||||||||||||||
cash paid during the period for interest | 829,000 | 7,107,000 | 1,505,000 | 9,070,000 | ||||||||||||||||||||||||||||||||||
cash paid during the period for income taxes | 7,076,000 | 4,611,000 | 1,875,000 | 1,755,000 | ||||||||||||||||||||||||||||||||||
acquisitions | -5,683,000 | 0 | -35,844,000 | |||||||||||||||||||||||||||||||||||
issuance of common stock in connection with acquisition-related activities | 0 | 0 | 7,724,000 | |||||||||||||||||||||||||||||||||||
issuance of common stock in connection with settlement of management incentive program | ||||||||||||||||||||||||||||||||||||||
net realized and unrealized losses on investments | ||||||||||||||||||||||||||||||||||||||
net cash relinquished with consolidation/deconsolidation of consolidated funds | ||||||||||||||||||||||||||||||||||||||
net proceeds from issuance of class a and non-voting common stock | 0 | 0 | ||||||||||||||||||||||||||||||||||||
proceeds from issuance of senior and subordinated notes | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||
series a preferred stock dividends | 0 | 0 | -5,425,000 | -5,425,000 | -5,425,000 | -5,425,000 | ||||||||||||||||||||||||||||||||
redemption of series a preferred stock | 0 | 0 | ||||||||||||||||||||||||||||||||||||
issuance of aog units and class a common stock in connection with acquisition-related activities | ||||||||||||||||||||||||||||||||||||||
issuance of aog units in connection with settlement of management incentive program | 0 | 0 | 0 | 245,647,000 | ||||||||||||||||||||||||||||||||||
issuance of class a common stock in connection with acquisition-related activity | 0 | 737,000 | 115,364,000 | |||||||||||||||||||||||||||||||||||
net cash acquired (relinquished) with consolidation/deconsolidation of consolidated funds | ||||||||||||||||||||||||||||||||||||||
issuance of aog units and class a common stock in connection with acquisitions | 0 | 0 | ||||||||||||||||||||||||||||||||||||
issuance of class a common stock in connection with acquisitions | 12,835,000 | 0 | ||||||||||||||||||||||||||||||||||||
repurchases of class a common stock | 0 | 0 | ||||||||||||||||||||||||||||||||||||
ares management corporation and consolidated subsidiaries: | ||||||||||||||||||||||||||||||||||||||
issuance of aog units in connection with acquisitions | 211,429,000 | |||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities allocable to redeemable and non-controlling interests in consolidated funds | -1,208,180,000 | |||||||||||||||||||||||||||||||||||||
net performance income receivable | ||||||||||||||||||||||||||||||||||||||
cash flows due to changes in operating assets and liabilities allocable to non-controlling interest in consolidated funds: | 205,022,000 | -27,165,000 | 188,510,000 | |||||||||||||||||||||||||||||||||||
proceeds from senior notes | 0 | 0 | ||||||||||||||||||||||||||||||||||||
proceeds from term notes | 0 | 0 | 0 | 44,050,000 | 0 | 52,409,000 | 17,600,000 | 0 | ||||||||||||||||||||||||||||||
repayments of term notes | -56,000 | |||||||||||||||||||||||||||||||||||||
allocable to non-controlling interests in consolidated funds: | ||||||||||||||||||||||||||||||||||||||
contributions from non-controlling interests in consolidated funds | 8,717,000 | 18,000 | -9,570,000 | 133,265,000 | 7,961,000 | 49,391,000 | 61,464,000 | 54,035,000 | 19,000 | 0 | 62,990,000 | 8,000,000 | 98,452,000 | 23,887,000 | 23,378,000 | 45,006,000 | 756,000 | 47,366,000 | 428,000 | |||||||||||||||||||
supplemental information of cash flow information: | ||||||||||||||||||||||||||||||||||||||
purchase of furniture, equipment and leasehold improvements | -528,000 | -5,018,000 | -3,062,000 | -4,723,000 | -6,420,000 | -2,659,000 | -2,994,000 | -3,982,000 | -7,311,000 | -4,269,000 | -2,857,000 | -6,732,000 | -10,942,000 | -10,252,000 | -2,894,000 | -2,474,000 | -2,799,000 | -2,087,000 | ||||||||||||||||||||
supplemental disclosure of non-cash financing activities | ||||||||||||||||||||||||||||||||||||||
series a preferred stock dividends and distributions | -5,425,000 | -5,425,000 | -5,425,000 | -5,425,000 | -5,425,000 | |||||||||||||||||||||||||||||||||
contingent consideration | -17,690,000 | -24,000 | 228,000 | |||||||||||||||||||||||||||||||||||
allocable to non-controlling interest in consolidated funds: | ||||||||||||||||||||||||||||||||||||||
cash acquired/relinquished with consolidation/deconsolidation of consolidated funds | ||||||||||||||||||||||||||||||||||||||
proceeds from issuance of class a common stock | 0 | |||||||||||||||||||||||||||||||||||||
repayments of term loans | 0 | |||||||||||||||||||||||||||||||||||||
supplemental information: | ||||||||||||||||||||||||||||||||||||||
consolidated funds: | ||||||||||||||||||||||||||||||||||||||
cash flows due to changes in operating assets and liabilities allocable to non-controlling interests in consolidated funds | -57,627,000 | -93,682,000 | -69,268,000 | -1,348,000 | 54,257,000 | -88,592,000 | ||||||||||||||||||||||||||||||||
proceeds from issuance of common shares | 0 | 0 | -108,000 | 105,441,000 | ||||||||||||||||||||||||||||||||||
taxes paid in net settlement of vested common units | -21,121,000 | |||||||||||||||||||||||||||||||||||||
net realized and unrealized gain on investments | -19,358,000 | 3,151,000 | -5,142,000 | |||||||||||||||||||||||||||||||||||
receipt of non-cash interest income and dividends from investments | -3,380,000 | -1,212,000 | -2,284,000 | -2,111,000 | ||||||||||||||||||||||||||||||||||
net realized and unrealized (gain) loss on investments | ||||||||||||||||||||||||||||||||||||||
amortization on debt and investments | -1,366,000 | -538,000 | -500,000 | -620,000 | ||||||||||||||||||||||||||||||||||
proceeds from sale or pay down of investments | 395,204,000 | 433,320,000 | 195,765,000 | |||||||||||||||||||||||||||||||||||
deferred taxes | -372,000 | -14,975,000 | 315,000 | 2,601,000 | ||||||||||||||||||||||||||||||||||
proceeds from the issuance of preferred equity, net of issuance costs | ||||||||||||||||||||||||||||||||||||||
preferred equity dividends and distributions | ||||||||||||||||||||||||||||||||||||||
redemption of redeemable interest and put option liability | ||||||||||||||||||||||||||||||||||||||
stock option exercise | 0 | 0 | 0 | 0 | 1,036,000 | |||||||||||||||||||||||||||||||||
tax benefit from share-based payment | ||||||||||||||||||||||||||||||||||||||
distributions | -65,595,000 | -89,814,000 | -91,780,000 | -66,693,000 | -33,720,000 | -68,595,000 | -67,962,000 | -38,411,000 | -44,051,000 | -34,301,000 | ||||||||||||||||||||||||||||
preferred equity distributions | -5,425,000 | -5,425,000 | -5,425,000 | -5,425,000 | -5,425,000 | -5,425,000 | ||||||||||||||||||||||||||||||||
taxes paid in net settlement of vested common shares | -151,000 | -9,914,000 | -7,311,000 | |||||||||||||||||||||||||||||||||||
tax from share-based payment | 0 | |||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash (used in) provided operating activities | ||||||||||||||||||||||||||||||||||||||
cash flows due to changes in operating assets and liabilities allocable to non-controlling interest in consolidated funds | 17,262,000 | -62,978,000 | 100,086,000 | |||||||||||||||||||||||||||||||||||
net settlement of vested common units | -439,000 | |||||||||||||||||||||||||||||||||||||
excess tax benefit related to stock option exercise | 0 | 0 | 81,000 | |||||||||||||||||||||||||||||||||||
repurchase of treasury stock | -3,913,000 | |||||||||||||||||||||||||||||||||||||
net realized and unrealized loss on investments | -23,883,000 | -201,000 | 29,807,000 | |||||||||||||||||||||||||||||||||||
restricted cash | 320,000 | |||||||||||||||||||||||||||||||||||||
net performance fees receivable | 11,303,000 | -16,450,000 | 3,343,000 | 16,253,000 | ||||||||||||||||||||||||||||||||||
cash relinquished with deconsolidation of consolidated funds | 0 | |||||||||||||||||||||||||||||||||||||
proceeds from debt issuance, net of offering costs | -26,000 | |||||||||||||||||||||||||||||||||||||
ares management, l.p. and consolidated subsidiaries: | ||||||||||||||||||||||||||||||||||||||
non-cash increase in assets and liabilities: | ||||||||||||||||||||||||||||||||||||||
issuance of aog units to non-controlling interest holders in connection with acquisitions | ||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of preferred equity | ||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -11,549,000 | |||||||||||||||||||||||||||||||||||||
debt extinguishment expenses | ||||||||||||||||||||||||||||||||||||||
net realized (gain) loss on investments | -7,366,000 | |||||||||||||||||||||||||||||||||||||
net change in unrealized (appreciation) depreciation on investments | 2,392,000 | |||||||||||||||||||||||||||||||||||||
realized gain on debt extinguishment | ||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common units in ipo | ||||||||||||||||||||||||||||||||||||||
issuance costs | ||||||||||||||||||||||||||||||||||||||
repayments of promissory notes | ||||||||||||||||||||||||||||||||||||||
contributions | 0 | |||||||||||||||||||||||||||||||||||||
net cash from in financing activities | -254,503,000 | |||||||||||||||||||||||||||||||||||||
effect of exchange rate changes and translation | -3,204,000 | |||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | -266,195,000 | |||||||||||||||||||||||||||||||||||||
cash proceeds from sale of investments | ||||||||||||||||||||||||||||||||||||||
cash proceeds from sale or pay down of investments | ||||||||||||||||||||||||||||||||||||||
issuance of aog units to non-controlling interest holders in connection with acquisition |
