The latest financial statement is for the year ending 2025-12-31.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 1,088,358 | 1,110,735 | 1,160,092 | 438,915 |
| Equity compensation expense-Parent Company | 740,549 | 352,851 | 255,965 | 200,391 |
| Depreciation and amortization-Parent Company | 243,149 | 158,578 | 231,712 | 341,341 |
| Net realized and unrealized gains on investments-Parent Company | 315,369 | 21,463 | 90,737 | -10,929 |
| Changes in value of contingent earnout arrangements-Parent Company | 349,706 | - | - | - |
| Investments purchased-Parent Company | 220,846 | 580,744 | 507,932 | 371,124 |
| Proceeds from sale of investments-Parent Company | 324,434 | 683,638 | 206,163 | 182,493 |
| Other (income) expense, net-Parent Company | -923 | -11,755 | -74 | 0 |
| Net realized and unrealized gains on investments-Consolidated Funds | 551,076 | 313,963 | 262,700 | 73,386 |
| Investments purchased-Consolidated Funds | 8,284,076 | 5,927,444 | 8,847,856 | 9,434,029 |
| Proceeds from sale of investments-Consolidated Funds | 9,830,928 | 7,569,165 | 8,149,617 | 8,198,812 |
| Other (income) expense, net-Consolidated Funds | 212,962 | 48,963 | 101,465 | 33,822 |
| Net carried interest and incentive fees receivable-Parent Company | 37,802 | 188,174 | 48,858 | 20,612 |
| Due to/from affiliates-Parent Company | 184,751 | 223,498 | -220,421 | 39,073 |
| Other assets-Parent Company | 228,410 | 252,644 | -21,532 | 105,205 |
| Accrued compensation and benefits-Parent Company | -132,401 | 7,096 | -20,383 | -200,769 |
| Accounts payable, accrued expenses and other liabilities-Parent Company | 91,962 | 148,384 | 27,864 | -51,685 |
| Change in cash and cash equivalents held at consolidated funds-Consolidated Funds | -268,401 | 77,978 | 424,870 | -324,550 |
| Net cash relinquished with deconsolidation of consolidated funds-Consolidated Funds | -151,500 | -46,205 | -623 | 0 |
| Change in other assets and receivables held at consolidated funds-Consolidated Funds | -42,359 | 49,774 | 20,247 | -151,895 |
| Change in other liabilities and payables held at consolidated funds-Consolidated Funds | -28,921 | 46,998 | 219,046 | -733,417 |
| Net cash provided by (used in) operating activities | 3,266,959 | 2,791,154 | -233,261 | -734,112 |
| Purchase of furniture, equipment and leasehold improvements, net of disposals | 72,178 | 91,509 | 67,183 | 35,796 |
| Acquisitions, net of cash acquired | 1,731,461 | 67,895 | 43,896 | 301,583 |
| Net cash used in investing activities | -1,803,639 | -159,404 | -111,079 | -337,379 |
| Net proceeds from issuance of series b mandatory convertible preferred stock-Parent Company | 0 | 1,458,771 | - | - |
| Net proceeds from issuance of class a common stock-Parent Company | 0 | 407,124 | 0 | 0 |
| Proceeds from credit facility-Parent Company | 2,860,000 | 1,210,000 | 1,410,000 | 1,380,000 |
| Proceeds from issuance of senior notes-Parent Company | 0 | 736,010 | 499,010 | 488,915 |
| Repayments of credit facility-Parent Company | 1,480,000 | 2,105,000 | 1,215,000 | 1,095,000 |
| Repayment of senior notes-Parent Company | 0 | 250,000 | - | - |
| Dividends and distributions-Parent Company | 1,756,688 | 1,310,896 | 1,030,666 | 836,364 |
| Series a preferred stock dividends-Parent Company | - | - | 0 | 0 |
| Redemption of series a preferred stock-Parent Company | - | - | 0 | 0 |
| Stock option exercises-Parent Company | 0 | 1,511 | 85,959 | 21,205 |
| Taxes paid related to net share settlement of equity awards-Parent Company | 436,869 | 227,532 | 157,007 | 201,311 |
| Other financing activities-Parent Company | 1,914 | 2,285 | 2,943 | 4,055 |
| Contributions from redeemable and non-controlling interests in consolidated funds-Consolidated Funds | 847,431 | 639,154 | 855,456 | 549,396 |
| Distributions to non-controlling interests in consolidated funds-Consolidated Funds | 866,535 | 124,021 | 101,128 | 178,291 |
| Redemptions of redeemable interests in consolidated funds-Consolidated Funds | 509,503 | 0 | 1,045,874 | - |
| Borrowings under loan obligations by consolidated funds-Consolidated Funds | 1,551,874 | 359,351 | 1,387,297 | 1,140,680 |
| Repayments under loan obligations by consolidated funds-Consolidated Funds | 2,638,793 | 2,228,351 | 398,864 | 145,222 |
| Net cash provided by (used in) financing activities | -2,427,169 | -1,431,594 | 292,126 | 1,128,063 |
| Effect of exchange rate changes | -55,231 | -40,454 | 10,501 | -10,240 |
| Net change in cash and cash equivalents | -1,019,080 | 1,159,702 | -41,713 | 46,332 |
| Cash and cash equivalents, beginning of period | 1,507,976 | 348,274 | 389,987 | 343,655 |
| Cash and cash equivalents, end of period | 488,896 | 1,507,976 | 348,274 | 389,987 |
Ares Management Corp (ARES)
Ares Management Corp (ARES)