Ares Acquisition Corporation (AAC) Financial Statements (2024 and earlier)

Company Profile

Business Address C/O ARES MANAGEMENT LLC
NEW YORK, NY 10167
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 3443 - Fabricated Plate Work (Boiler Shops) (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments38750
Cash and cash equivalents38750
Prepaid expense58536
Total current assets:961,286
Noncurrent Assets
Asset, held-in-trust1,013,3821,000,285
Total noncurrent assets:1,013,3821,000,285
TOTAL ASSETS:1,013,4781,001,571
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8,1153,476
Accrued liabilities8,1153,476
Other liabilities  
Due to related parties1,56147
Other undisclosed current liabilities  
Total current liabilities:9,6763,523
Noncurrent Liabilities
Liabilities, other than long-term debt16,47631,705
Derivative instruments and hedges, liabilities16,47631,705
Other undisclosed noncurrent liabilities35,00035,000
Total noncurrent liabilities:51,47666,705
Total liabilities:61,15270,228
Equity
Equity, attributable to parent, including:(60,956)(68,657)
Accumulated deficit(60,959)(68,660)
Other undisclosed equity, attributable to parent33
Other undisclosed equity1,013,2821,000,000
Total equity:952,326931,343
TOTAL LIABILITIES AND EQUITY:1,013,4781,001,571

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
Revenues
(Net Investment Income)
13,098285
Gross profit:13,098285
Operating expenses(7,343)(6,462)
Other undisclosed operating loss(13,098)(285)
Operating loss:(7,343)(6,462)
Nonoperating income28,32622,311
Investment income, nonoperating13,098285
Income (loss) from continuing operations:20,98415,849
Income before gain (loss) on sale of properties:15,849
Net income (loss) attributable to parent:20,98415,849
Other undisclosed net loss available to common stockholders, basic  (3,170)
Net income (loss) available to common stockholders, diluted:20,98412,679

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
Net income (loss):20,98415,849
Comprehensive income (loss), net of tax, attributable to parent:20,98415,849

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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