Ares Management (ARES) Financial Statements
Price: $137.74
Market Cap: $28.11B
Avg Volume: 1.91M
Market Cap: $28.11B
Avg Volume: 1.91M
Country: US
Industry: Asset Management
Sector: Financial Services
Industry: Asset Management
Sector: Financial Services
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Ares Management.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.19B | $3.63B | $3.06B | $4.21B | $1.76B | $1.77B | $958.46M | $1.48B | $1.25B | $814.44M |
| Cost of Revenue | $1.73B | $1.49B | $1.81B | $2.84B | $1.17B | $1.15B | $600.63M | $993.83M | $835.57M | $526.14M |
| Gross Profit | $3.46B | $2.15B | $1.24B | $1.38B | $592.68M | $614.90M | $357.83M | $486.11M | $418.80M | $288.31M |
| Gross Profit Ratio | 66.64% | 59.07% | 40.72% | 32.66% | 33.60% | 34.83% | 37.33% | 32.85% | 33.39% | 35.40% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $1.19B | $1.27B | $507.32M | $468.53M | $247.41M | $263.45M | $239.23M | $209.63M | $154.45M | $182.60M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $1.19B | $1.27B | $550.07M | $506.66M | $279.12M | $292.26M | $269.73M | $235.75M | $180.85M | $201.10M |
| Other Expenses | $20.88M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Operating Expenses | $1.21B | $660.15M | $846.68M | $462.75M | $373.70M | $295.41M | $274.05M | $383.07M | $154.88M | $240.47M |
| Cost and Expenses | $2.94B | $2.71B | $2.66B | $3.30B | $1.55B | $1.45B | $874.68M | $1.38B | $990.46M | $766.61M |
| Interest Income | $- | $- | $113.21M | $152.88M | $160.50M | $105.69M | $100.56M | $46.82M | $34.00M | $33.65M |
| Interest Expense | $978.30M | $860.88M | $482.72M | $294.81M | $311.22M | $297.42M | $244.34M | $147.95M | $109.43M | $97.77M |
| Depreciation and Amortization | $158.58M | $231.71M | $341.34M | $113.29M | $41.25M | $19.46M | $28.52M | $32.81M | $37.45M | $49.38M |
| EBITDA | $2.41B | $1.15B | $1.04B | $982.19M | $354.81M | $342.10M | $116.62M | $283.17M | $275.41M | $136.58M |
| EBITDA Ratio | 46.46% | 31.71% | 33.89% | 23.32% | 20.11% | 19.38% | 12.17% | 19.13% | 21.96% | 16.77% |
| Operating Income | $2.25B | $885.80M | $694.21M | $868.90M | $313.56M | $322.64M | $88.10M | $250.36M | $237.95M | $87.20M |
| Operating Income Ratio | 43.40% | 24.39% | 22.72% | 20.63% | 17.78% | 18.28% | 9.19% | 16.92% | 18.97% | 10.71% |
| Total Other Income Expenses Net | $-977.67M | $447.27M | $-183.40M | $267.75M | $83.08M | $240.96M | $109.73M | $113.94M | $297.46M | $-5.72M |
| Income Before Tax | $1.28B | $1.33B | $510.81M | $1.07B | $379.48M | $425.18M | $184.34M | $149.86M | $297.92M | $81.48M |
| Income Before Tax Ratio | 24.57% | 36.70% | 16.72% | 25.30% | 21.51% | 24.08% | 19.23% | 10.13% | 23.75% | 10.00% |
| Income Tax Expense | $164.62M | $172.97M | $71.89M | $147.38M | $54.99M | $52.38M | $32.20M | $23.05M | $11.02M | $19.06M |
| Net Income | $463.74M | $474.33M | $153.44M | $368.62M | $119.99M | $119.51M | $28.37M | $50.89M | $98.37M | $18.72M |
| Net Income Ratio | 8.93% | 13.06% | 5.02% | 8.75% | 6.80% | 6.77% | 2.96% | 3.44% | 7.84% | 2.30% |
| EPS | $2.61 | $2.57 | $0.87 | $2.25 | $0.89 | $1.11 | $0.30 | $0.62 | $1.22 | $0.23 |
| EPS Diluted | $2.61 | $2.42 | $0.87 | $2.15 | $0.87 | $1.06 | $0.30 | $0.62 | $1.20 | $0.23 |
| Weighted Average Shares Outstanding | 198.05M | 184.52M | 175.51M | 171.67M | 137.53M | 112.65M | 96.02M | 82.08M | 81.89M | 81.38M |
| Weighted Average Shares Outstanding Diluted | 198.05M | 195.77M | 175.51M | 180.11M | 149.51M | 119.88M | 96.02M | 81.84M | 82.94M | 80.67M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $1.51B | $1.50B | $1.11B | $1.39B | $1.06B | $744.71M | $494.89M | $675.43M | $798.14M | $280.99M |
| Short Term Investments | $- | $- | $- | $5.68M | $1.44M | $- | $- | $647.34M | $3.33B | $2.56B |
| Cash and Short Term Investments | $1.51B | $1.50B | $1.11B | $1.39B | $1.06B | $744.71M | $494.89M | $675.43M | $798.14M | $280.99M |
| Net Receivables | $- | $1.27B | $1.08B | $1.16B | $625.28M | $439.58M | $344.17M | $283.29M | $917.98M | $688.52M |
| Inventory | $- | $- | $- | $-5.68M | $-1.44M | $1 | $1 | $647.34M | $3.33B | $-1.10M |
| Other Current Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Current Assets | $1.51B | $2.77B | $2.20B | $2.55B | $1.69B | $1.18B | $839.06M | $2.04B | $1.76B | $1.00B |
| Property Plant Equipment Net | $688.99M | $371.55M | $235.63M | $238.91M | $215.62M | $206.29M | $65.07M | $61.15M | $40.76M | $38.15M |
| Goodwill | $1.16B | $1.12B | $999.66M | $787.97M | $371.05M | $143.85M | $143.79M | $143.90M | $143.72M | $144.07M |
| Intangible Assets | $975.83M | $1.06B | $1.21B | $1.42B | $222.09M | $7.97M | $31.58M | $40.47M | $58.31M | $84.97M |
| Goodwill and Intangible Assets | $2.14B | $2.18B | $2.21B | $2.21B | $593.13M | $151.83M | $175.36M | $184.36M | $202.04M | $229.04M |
| Long Term Investments | $550.80M | $19.23B | $17.18B | $16.50B | $12.56B | $10.39B | $9.00B | $6.23B | $3.80B | $3.03B |
| Tax Assets | $241.89M | $21.55M | $68.93M | $39.40M | $70.03M | $46.36M | $42.14M | $8.33M | $6.73M | $-36.81M |
| Other Non-Current Assets | $-419.56M | $179.00M | $111.62M | $64.34M | $42.89M | $33.82M | $33.76M | $43.55M | $23.73M | $62.75M |
| Total Non-Current Assets | $3.20B | $21.96B | $19.80B | $19.05B | $13.48B | $10.83B | $9.32B | $6.53B | $4.07B | $3.32B |
| Other Assets | $20.18B | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $24.88B | $24.73B | $22.00B | $21.61B | $15.17B | $12.01B | $10.15B | $8.56B | $5.83B | $4.32B |
| Account Payables | $686.97M | $423.41M | $400.21M | $382.93M | $162.11M | $150.03M | $167.10M | $146.27M | $104.39M | $121.58M |
| Short Term Debt | $275.00M | $176.64M | $168.05M | $127.77M | $32.50M | $106.05M | $43.62M | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $- | $- | $- | $- | $- | $- | $441.86M |
| Other Current Liabilities | $3.37B | $3.19B | $3.28B | $3.51B | $1.50B | $1.40B | $1.36B | $1.23B | $951.19M | $455.33M |
| Total Current Liabilities | $4.33B | $3.79B | $3.42B | $4.02B | $1.71B | $1.66B | $1.57B | $1.50B | $983.82M | $576.90M |
| Long Term Debt | $- | $15.58B | $13.24B | $12.49B | $10.87B | $8.57B | $7.32B | $11.30B | $3.39B | $2.58B |
| Deferred Revenue Non-Current | $- | $- | $-61.41M | $-75.63M | $-4.39M | $10.16B | $8.76B | $7.10B | $4.45B | $179.60M |
| Deferred Tax Liabilities Non-Current | $- | $- | $61.41M | $75.63M | $4.39M | $139.65M | $-8.76B | $-7.10B | $-4.45B | $21.29M |
| Other Non-Current Liabilities | $16.84B | $13.97M | $1.54B | $1.28B | $113.97M | $1.42B | $-136.27M | $-5.69B | $4.90M | $6.22M |
| Total Non-Current Liabilities | $16.84B | $15.59B | $14.78B | $13.77B | $10.98B | $8.50B | $7.19B | $5.61B | $3.47B | $2.78B |
| Other Liabilities | $-3.12B | $323.08M | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $18.06B | $19.71B | $18.20B | $17.79B | $12.70B | $10.16B | $8.76B | $7.10B | $4.45B | $3.35B |
| Preferred Stock | $1.46B | $- | $- | $- | $298.76M | $298.76M | $298.76M | $298.76M | $298.76M | $- |
| Common Stock | $3.10M | $3.08M | $2.95M | $2.90M | $2.60M | $1.15M | $1.02M | $- | $- | $251.54M |
| Retained Earnings | $-837.29M | $-495.08M | $-369.48M | $-89.38M | $-151.82M | $-50.82M | $-29.34M | $-4.21M | $591.61M | $- |
| Accumulated Other Comprehensive Income Loss | $-17.76M | $-5.63M | $-14.99M | $-1.85M | $483.00K | $-6.05M | $-8.52M | $-4.21M | $-8.94M | $-4.62M |
| Other Total Stockholders Equity | $2.94B | $2.39B | $1.97B | $1.91B | $1.04B | $525.24M | $326.01M | $886.67M | $301.79M | $721.49M |
| Total Stockholders Equity | $3.54B | $1.89B | $1.59B | $1.83B | $1.19B | $768.29M | $587.92M | $1.46B | $1.38B | $968.41M |
| Total Equity | $5.57B | $4.47B | $3.80B | $3.81B | $2.47B | $1.86B | $1.39B | $2.35B | $2.16B | $1.69B |
| Total Liabilities and Stockholders Equity | $24.88B | $24.73B | $22.00B | $21.61B | $15.17B | $12.01B | $10.15B | $8.56B | $5.83B | $4.07B |
| Minority Interest | $2.03B | $2.58B | $2.21B | $1.99B | $1.28B | $1.09B | $806.42M | $886.67M | $785.65M | $721.49M |
| Total Liabilities and Total Equity | $24.88B | $24.73B | $22.00B | $21.61B | $15.17B | $12.01B | $10.15B | $8.56B | $5.83B | $4.07B |
| Total Investments | $550.80M | $19.23B | $17.18B | $16.50B | $12.56B | $10.39B | $9.00B | $6.88B | $7.13B | $5.59B |
| Total Debt | $641.86M | $15.76B | $13.33B | $12.49B | $10.90B | $8.57B | $7.37B | $5.72B | $3.39B | $2.58B |
| Net Debt | $-866.11M | $14.26B | $12.22B | $11.10B | $9.84B | $7.82B | $6.87B | $5.04B | $2.59B | $2.29B |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $1.11B | $1.16B | $438.92M | $918.30M | $324.49M | $372.80M | $152.14M | $172.91M | $286.90M | $62.42M |
| Depreciation and Amortization | $158.58M | $231.71M | $341.34M | $113.29M | $41.25M | $39.46M | $28.52M | $32.81M | $37.45M | $55.27M |
| Deferred Income Tax | $- | $- | $- | $-166.28M | $-6.53B | $-5.29B | $-17.01M | $-8.11M | $-28.46M | $1.43M |
| Stock Based Compensation | $352.85M | $255.97M | $200.39M | $237.19M | $122.99M | $97.69M | $89.72M | $69.71M | $39.06M | $32.24M |
| Change in Working Capital | $- | $-454.06M | $-194.63M | $-467.83M | $60.67M | $-383.20M | $331.46M | $-86.37M | $-192.46M | $16.93M |
| Accounts Receivables | $- | $- | $-20.61M | $-745.02M | $-24.35M | $-103.96M | $29.58M | $-90.44M | $-28.31M | $20.61M |
| Inventory | $- | $- | $- | $190.13M | $85.64M | $-241.45M | $283.49M | $105.22M | $-124.19M | $-2.40M |
| Accounts Payables | $148.38M | $27.86M | $-51.69M | $125.17M | $21.04M | $30.67M | $2.26M | $14.56M | $5.33M | $-37.19M |
| Other Working Capital | $-163.20M | $-481.92M | $-122.33M | $-38.11M | $-21.65M | $-68.46M | $16.13M | $-115.70M | $-45.28M | $35.92M |
| Other Non Cash Items | $1.17B | $-1.43B | $-1.52B | $-3.23B | $5.55B | $3.08B | $-2.00B | $-2.04B | $-768.16M | $-696.28M |
| Net Cash Provided by Operating Activities | $2.79B | $-233.26M | $-734.11M | $-2.60B | $-425.66M | $-2.08B | $-1.42B | $-1.86B | $-625.65M | $-527.99M |
| Investments in Property Plant and Equipment | $-91.51M | $-67.18M | $-35.80M | $-27.23M | $-15.94M | $-16.80M | $-18.42M | $-33.16M | $-11.91M | $-10.68M |
| Acquisitions Net | $-67.89M | $-43.90M | $-301.58M | $-1.06B | $-120.82M | $5.50B | $- | $- | $- | $-64.44M |
| Purchases of Investments | $- | $- | $-9.81B | $-13.41B | $-6.71B | $-5.50B | $-5.17B | $-4.32B | $-2.38B | $- |
| Sales Maturities of Investments | $8.25B | $- | $8.38B | $10.24B | $5.68B | $3.36B | $3.14B | $2.46B | $1.64B | $1.11B |
| Other Investing Activities | $-8.25B | $- | $1.42B | $3.16B | $1.03B | $-3.36B | $-3.14B | $-2.46B | $-1.64B | $-1.11B |
| Net Cash Used for Investing Activities | $-159.40M | $-111.08M | $-337.38M | $-1.08B | $-136.76M | $-16.80M | $-18.42M | $-33.16M | $-11.91M | $-75.11M |
| Debt Repayment | $-2.28B | $1.68B | $1.77B | $2.83B | $1.15B | $2.14B | $1.74B | $1.82B | $821.08M | $796.39M |
| Common Stock Issued | $407.12M | $85.96M | $12.84M | $827.43M | $383.15M | $206.71M | $105.33M | $1.04M | $298.76M | $88.65M |
| Common Stock Repurchased | $- | $-1.20B | $-201.31M | $- | $- | $-10.45M | $- | $-14.31M | $- | $- |
| Dividends Paid | $-1.31B | $-1.03B | $-836.36M | $-604.36M | $-468.48M | $-345.37M | $-156.55M | $-283.36M | $-212.84M | $-217.76M |
| Other Financing Activities | $1.75B | $-359.65M | $195.05M | $447.37M | $-123.10M | $130.31M | $-280.43M | $-51.23M | $272.52M | $2.91M |
| Net Cash Used Provided by Financing Activities | $-1.43B | $292.13M | $1.13B | $3.50B | $943.89M | $2.12B | $1.41B | $1.65B | $880.76M | $581.54M |
| Effect of Forex Changes on Cash | $-40.45M | $10.50M | $-10.24M | $-19.10M | $19.96M | $5.62M | $21.50M | $17.36M | $-21.82M | $-5.81M |
| Net Change in Cash | $1.16B | $-41.71M | $46.33M | $-196.16M | $401.43M | $28.14M | $-8.68M | $-223.93M | $221.38M | $-27.38M |
| Cash at End of Period | $1.51B | $348.27M | $389.99M | $343.65M | $539.81M | $138.38M | $110.25M | $118.93M | $342.86M | $121.48M |
| Cash at Beginning of Period | $348.27M | $389.99M | $343.65M | $539.81M | $138.38M | $110.25M | $118.93M | $342.86M | $121.48M | $148.86M |
| Operating Cash Flow | $2.79B | $-233.26M | $-734.11M | $-2.60B | $-425.66M | $-2.08B | $-1.42B | $-1.86B | $-625.65M | $-527.99M |
| Capital Expenditure | $-91.51M | $-67.18M | $-35.80M | $-27.23M | $-15.94M | $-16.80M | $-18.42M | $-33.16M | $-11.91M | $-10.68M |
| Free Cash Flow | $2.70B | $-300.44M | $-769.91M | $-2.62B | $-441.60M | $-2.10B | $-1.44B | $-1.90B | $-637.57M | $-538.66M |