Ares Management Corporation (ARES) Financial Statements (2023 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)Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Noncurrent Assets | |||||||||
| Intangible assets, net (including goodwill) | 2,211 | 593 | 152 | 175 | 184 | 202 | 229 | ||
| Goodwill | 788 | 371 | 144 | 144 | 144 | 144 | 144 | ||
| Intangible assets, net (excluding goodwill) | 1,423 | 222 | 8 | 32 | 40 | 58 | 85 | ||
| Total noncurrent assets: | 2,211 | 593 | 152 | 175 | 184 | 202 | 229 | ||
| Other undisclosed assets | 19,394 | 14,576 | 11,862 | 9,979 | 8,379 | 5,628 | 4,092 | ||
| TOTAL ASSETS: | 21,605 | 15,169 | 12,014 | 10,155 | 8,564 | 5,830 | 4,321 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 16,695 | 12,597 | 10,156 | 8,760 | 7,103 | 4,452 | 3,329 | ||
| Total liabilities: | 16,695 | 12,597 | 10,156 | 8,760 | 7,103 | 4,452 | 3,329 | ||
| Temporary equity, carrying amount | 24 | ||||||||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 1,825 | 1,194 | 768 | 588 | 275 | 293 | 247 | ||
| Preferred stock | 299 | 299 | 299 | ||||||
| Additional paid in capital | 1,914 | 1,044 | 525 | 326 | |||||
| Accumulated other comprehensive income (loss) | (2) | 0 | (6) | (9) | (4) | (9) | (5) | ||
| Accumulated deficit | (89) | (152) | (51) | (29) | |||||
| Other undisclosed stockholders' equity attributable to parent | 3 | 3 | 1 | 1 | 279 | 302 | 252 | ||
| Other undisclosed stockholders' equity | 1,989 | 1,278 | 1,090 | 806 | 1,185 | 1,084 | 721 | ||
| Total stockholders' equity: | 3,814 | 2,472 | 1,859 | 1,394 | 1,460 | 1,377 | 968 | ||
| Other undisclosed liabilities and equity | 1,096 | 100 | (24) | 24 | |||||
| TOTAL LIABILITIES AND EQUITY: | 21,605 | 15,169 | 12,014 | 10,155 | 8,564 | 5,830 | 4,321 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,289 | 1,754 | 1,433 | 1,218 | 1,415 | 1,199 | 814 | |
| Gross profit: | 2,289 | 1,754 | 1,433 | 1,218 | 1,415 | 1,199 | 814 | |
| Operating expenses | (3,410) | (1,450) | (1,463) | (870) | (1,505) | (1,016) | (769) | |
| Operating income (loss): | (1,121) | 303 | (30) | 348 | (89) | 183 | 45 | |
| Nonoperating income | 264 | 66 | 123 | 96 | 239 | 115 | 36 | |
| Investment income, nonoperating | 29 | (30) | (70) | 36 | ||||
| Foreign currency transaction gain (loss), before tax | (13) | 9 | (0) | (2) | (16) | 0 | ||
| Interest and debt expense | (37) | (0) | (0) | (21) | ||||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 10 | 332 | (260) | 21 | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (894) | 379 | 425 | 184 | 150 | 298 | 81 | |
| Income from equity method investments | 23 | |||||||
| Other undisclosed income from continuing operations before income taxes | 1,960 | |||||||
| Income from continuing operations before income taxes: | 1,066 | 402 | 425 | 184 | 150 | 298 | 81 | |
| Income tax expense (benefit) | (147) | (55) | (52) | (32) | 23 | (11) | (19) | |
| Income before gain (loss) on sale of properties: | 918 | 347 | 373 | 152 | 173 | 287 | 62 | |
| Other undisclosed net loss | (23) | |||||||
| Net income: | 918 | 324 | 373 | 152 | 173 | 287 | 62 | |
| Other undisclosed net loss attributable to parent | (509) | (172) | (224) | (95) | (97) | (175) | (43) | |
| Net income attributable to parent: | 409 | 152 | 149 | 57 | 76 | 112 | 19 | |
| Preferred stock dividends and other adjustments | (22) | (22) | (22) | (22) | (22) | (12) | (1) | |
| Other undisclosed net loss available to common stockholders, basic | (7) | (4) | (1) | |||||
| Net income available to common stockholders, basic: | 387 | 130 | 127 | 28 | 51 | 98 | 19 | |
| Other undisclosed net income available to common stockholders, diluted | 1 | |||||||
| Net income available to common stockholders, diluted: | 387 | 130 | 127 | 28 | 51 | 100 | 19 | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 918 | 324 | 373 | 152 | 173 | 287 | 62 | |
| Other undisclosed comprehensive loss | (21) | |||||||
| Comprehensive income, net of tax, attributable to parent: | 897 | 324 | 373 | 152 | 173 | 287 | 62 | |
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.