Ares Management Corporation (ARES) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1800 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)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Noncurrent Assets | |||||||||
| Intangible assets, net (including goodwill) | 1,615 | 2,208 | 2,211 | 593 | 152 | 175 | |||
| Goodwill | 1,124 | 1,000 | 788 | 371 | 144 | 144 | |||
| Intangible assets, net (excluding goodwill) | 491 | 1,208 | 1,423 | 222 | 8 | 32 | |||
| Total noncurrent assets: | 1,615 | 2,208 | 2,211 | 593 | 152 | 175 | |||
| Other undisclosed assets | 23,116 | 19,795 | 19,394 | 14,576 | 11,862 | 9,979 | |||
| TOTAL ASSETS: | 24,731 | 22,003 | 21,605 | 15,169 | 12,014 | 10,155 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 19,709 | 17,098 | 16,695 | 12,597 | 10,156 | 8,760 | |||
| Total liabilities: | 19,709 | 17,098 | 16,695 | 12,597 | 10,156 | 8,760 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,893 | 1,589 | 1,825 | 1,194 | 768 | 588 | |||
| Preferred stock | 299 | 299 | 299 | ||||||
| Additional paid in capital | 2,391 | 1,971 | 1,914 | 1,044 | 525 | 326 | |||
| Accumulated other comprehensive income (loss) | (6) | (15) | (2) | 0 | (6) | (9) | |||
| Accumulated deficit | (495) | (369) | (89) | (152) | (51) | (29) | |||
| Other undisclosed equity, attributable to parent | 3 | 3 | 3 | 3 | 1 | 1 | |||
| Other undisclosed equity | 2,581 | 2,209 | 1,989 | 1,278 | 1,090 | 806 | |||
| Total equity: | 4,474 | 3,799 | 3,814 | 2,472 | 1,859 | 1,394 | |||
| Other undisclosed liabilities and equity | 547 | 1,106 | 1,096 | 100 | |||||
| TOTAL LIABILITIES AND EQUITY: | 24,731 | 22,003 | 21,605 | 15,169 | 12,014 | 10,155 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 3,236 | 2,880 | 2,289 | 1,754 | 1,433 | 1,218 | ||
| Gross profit: | 3,236 | 2,880 | 2,289 | 1,754 | 1,433 | 1,218 | ||
| Operating expenses | (2,798) | (2,749) | (3,410) | (1,450) | (1,463) | (870) | ||
| Operating income (loss): | 438 | 131 | (1,121) | 303 | (30) | 348 | ||
| Nonoperating income | 499 | 204 | 264 | 66 | 123 | 96 | ||
| Gain (loss), foreign currency transaction, before tax | (9) | (13) | 9 | (0) | ||||
| Interest and debt expense | (71) | (37) | (0) | (0) | ||||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 10 | 332 | (260) | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 937 | 264 | (894) | 379 | 425 | 184 | ||
| Income from equity method investments | 23 | |||||||
| Other undisclosed income from continuing operations before income taxes | 396 | 247 | 1,960 | |||||
| Income from continuing operations before income taxes: | 1,333 | 511 | 1,066 | 402 | 425 | 184 | ||
| Income tax expense | (173) | (72) | (147) | (55) | (52) | (32) | ||
| Income from continuing operations: | 1,160 | 439 | 918 | 347 | 373 | 152 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 918 | 347 | 373 | 152 | |
| Other undisclosed net loss | (274) | (23) | ||||||
| Net income: | 886 | 439 | 918 | 324 | 373 | 152 | ||
| Net loss attributable to noncontrolling interest | (0) | |||||||
| Other undisclosed net loss attributable to parent | (411) | (271) | (509) | (172) | (224) | (95) | ||
| Net income attributable to parent: | 474 | 168 | 409 | 152 | 149 | 57 | ||
| Preferred stock dividends and other adjustments | (22) | (22) | (22) | (22) | ||||
| Other undisclosed net income (loss) available to common stockholders, basic | (7) | |||||||
| Net income available to common stockholders, basic: | 474 | 168 | 387 | 130 | 127 | 28 | ||
| Other undisclosed net loss available to common stockholders, diluted | (14) | |||||||
| Net income available to common stockholders, diluted: | 474 | 153 | 387 | 130 | 127 | 28 | ||
Comprehensive Income ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 886 | 439 | 918 | 324 | 373 | 152 | ||
| Net loss attributable to redeemable noncontrolling interest | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed comprehensive income (loss) | 294 | (34) | (21) | |||||
| Comprehensive income: | 1,180 | 405 | 897 | 324 | 373 | 152 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (696) | |||||||
| Comprehensive income, net of tax, attributable to parent: | 484 | 405 | 897 | 324 | 373 | 152 | ||
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.