Ares Management Corporation (ARES) Financial Statements (2024 and earlier)

Company Profile

Business Address 2000 AVE OF THE STARS
LOS ANGELES, CA 90067
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6282 - Investment Advice (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Noncurrent Assets
Intangible assets, net (including goodwill)2,2082,211593152175184
Goodwill1,000788371144144144
Intangible assets, net (excluding goodwill)1,2081,42322283240
Total noncurrent assets:2,2082,211593152175184
Other undisclosed assets19,79519,39414,57611,8629,9798,379
TOTAL ASSETS:22,00321,60515,16912,01410,1558,564
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities17,09816,69512,59710,1568,7607,103
Total liabilities:17,09816,69512,59710,1568,7607,103
Equity
Equity, attributable to parent, including:1,5891,8251,194768588275
Preferred stock   299299299 
Additional paid in capital1,9711,9141,044525326 
Accumulated other comprehensive income (loss)(15)(2)0(6)(9)(4)
Accumulated deficit(369)(89)(152)(51)(29) 
Other undisclosed equity, attributable to parent33311279
Other undisclosed equity2,2091,9891,2781,0908061,185
Total equity:3,7993,8142,4721,8591,3941,460
Other undisclosed liabilities and equity1,1061,096100   
TOTAL LIABILITIES AND EQUITY:22,00321,60515,16912,01410,1558,564

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues2,8802,2891,7541,4331,2181,415
Gross profit:2,8802,2891,7541,4331,2181,415
Operating expenses(2,749)(3,410)(1,450)(1,463)(870)(1,505)
Operating income (loss):131(1,121)303(30)348(89)
Nonoperating income2042646612396239
Gain (loss), foreign currency transaction, before tax  (13)9(0)(2)
Interest and debt expense (71)(37)(0)(0) (21)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   10332(260)21
Income (loss) from continuing operations before equity method investments, income taxes:264(894)379425184150
Income from equity method investments   23   
Other undisclosed income from continuing operations before income taxes2471,960    
Income from continuing operations before income taxes:5111,066402425184150
Income tax expense (benefit)(72)(147)(55)(52)(32)23
Income from continuing operations:439918347373152173
Income before gain (loss) on sale of properties:918347373152173
Other undisclosed net loss  (23)   
Net income:439918324373152173
Net loss attributable to noncontrolling interest      
Other undisclosed net loss attributable to parent(271)(509)(172)(224)(95)(97)
Net income attributable to parent:1684091521495776
Preferred stock dividends and other adjustments  (22)(22)(22)(22)(22)
Other undisclosed net loss available to common stockholders, basic     (7)(4)
Net income available to common stockholders, basic:1683871301272851
Other undisclosed net loss available to common stockholders, diluted (14)     
Net income available to common stockholders, diluted:1533871301272851

Comprehensive Income ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:439918324373152173
Other undisclosed comprehensive income (loss)(34)(21)    
Comprehensive income:405897324373152173
Other undisclosed comprehensive loss, net of tax, attributable to parent      
Comprehensive income, net of tax, attributable to parent:405897324373152173

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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