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
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments569138143282491
Cash and cash equivalents569138143282491
Prepaid expense444658207345421
Total current assets:10013796350628913
Noncurrent Assets
Asset, held-in-trust492,076484,9011,013,3821,005,0941,000,4901,000,615
Total noncurrent assets:492,076484,9011,013,3821,005,0941,000,4901,000,615
TOTAL ASSETS:492,176485,0381,013,4781,005,4441,001,1181,001,528
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities14,70311,3158,1152,3072,0772,563
Accrued liabilities14,70311,3158,1152,3072,0772,563
Other liabilities502     
Due to related parties2131,5611,5671,5571,000
Other undisclosed current liabilities8,4144,414    
Total current liabilities:23,61915,9429,6763,8743,6333,564
Noncurrent Liabilities
Liabilities, other than long-term debt28,26731,09316,4764,0648,13814,558
Derivative instruments and hedges, liabilities28,26731,09316,4764,0648,13814,558
Other undisclosed noncurrent liabilities33,00035,00035,00035,00035,00035,000
Total noncurrent liabilities:61,26766,09351,47639,06443,13849,558
Total liabilities:84,88682,03661,15242,93846,77153,122
Equity
Equity, attributable to parent, including:(84,686)(81,798)(60,956)(42,487)(45,654)(51,594)
Accumulated deficit(84,688)(81,801)(60,959)(42,490)(45,656)(51,597)
Other undisclosed equity, attributable to parent333333
Other undisclosed equity491,976484,8011,013,2821,004,9941,000,0001,000,000
Total equity:407,290403,002952,326962,506954,346948,406
TOTAL LIABILITIES AND EQUITY:492,176485,0381,013,4781,005,4441,001,1181,001,528

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues
(Net Investment Income)
  8,1898,289  331
Gross profit:  8,1898,289  331
Operating expenses(4,114)(3,911)(6,057)(518)(355)(414)
Other undisclosed operating loss  (8,189)(8,289)  (331)
Operating loss:(4,114)(3,911)(6,057)(518)(355)(414)
Nonoperating income (expense)6,461(6,428)(4,123)8,6786,29517,477
Investment income, nonoperating3,5758,1898,2894,604(125)331
Income (loss) from continuing operations:2,346(10,339)(10,180)8,1605,94017,063
Income before gain (loss) on sale of properties:8,1605,94017,063
Net income (loss) attributable to parent:2,346(10,339)(10,180)8,1605,94017,063
Other undisclosed net loss available to common stockholders, basic     (1,188)(3,413)
Net income (loss) available to common stockholders, diluted:2,346(10,339)(10,180)8,1604,75213,651

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):2,346(10,339)(10,180)8,1605,94017,063
Comprehensive income (loss), net of tax, attributable to parent:2,346(10,339)(10,180)8,1605,94017,063

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: