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
| 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Noncurrent Assets | |||||||||
| Intangible assets, net (including goodwill) | 2,235 | 2,452 | 2,491 | 2,211 | 2,240 | 1,690 | 580 | ||
| Goodwill | 997 | 998 | 1,000 | 788 | 788 | 788 | 370 | ||
| Intangible assets, net (excluding goodwill) | 1,238 | 1,454 | 1,491 | 1,423 | 1,453 | 903 | 210 | ||
| Total noncurrent assets: | 2,235 | 2,452 | 2,491 | 2,211 | 2,240 | 1,690 | 580 | ||
| Other undisclosed assets | 18,971 | 18,774 | 18,640 | 19,394 | 17,694 | 16,949 | 15,955 | ||
| TOTAL ASSETS: | 21,206 | 21,226 | 21,131 | 21,605 | 19,934 | 18,640 | 16,536 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 16,642 | 16,465 | 16,367 | 16,695 | 15,295 | 14,182 | 13,085 | ||
| Total liabilities: | 16,642 | 16,465 | 16,367 | 16,695 | 15,295 | 14,182 | 13,085 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 1,512 | 1,639 | 1,693 | 1,825 | 1,753 | 1,622 | 1,161 | ||
| Preferred stock | 299 | ||||||||
| Additional paid in capital | 1,912 | 1,880 | 1,851 | 1,914 | 1,882 | 1,750 | 1,034 | ||
| Accumulated other comprehensive income (loss) | (29) | (17) | (6) | (2) | (3) | 1 | (0) | ||
| Accumulated deficit | (374) | (227) | (155) | (89) | (129) | (131) | (174) | ||
| Other undisclosed stockholders' equity attributable to parent | 3 | 3 | 3 | 3 | 3 | 3 | 3 | ||
| Other undisclosed stockholders' equity | 1,956 | 2,029 | 1,975 | 1,989 | 1,787 | 1,819 | 1,259 | ||
| Total stockholders' equity: | 3,468 | 3,668 | 3,668 | 3,814 | 3,541 | 3,441 | 2,421 | ||
| Other undisclosed liabilities and equity | 1,097 | 1,094 | 1,096 | 1,096 | 1,099 | 1,017 | 1,031 | ||
| TOTAL LIABILITIES AND EQUITY: | 21,206 | 21,226 | 21,131 | 21,605 | 19,934 | 18,640 | 16,536 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 603 | 612 | 553 | 861 | 509 | 508 | 411 | |
| Gross profit: | 603 | 612 | 553 | 861 | 509 | 508 | 411 | |
| Operating expenses | (898) | (553) | (612) | (1,047) | (813) | (1,025) | (525) | |
| Operating income (loss): | (295) | 59 | (58) | (186) | (304) | (517) | (114) | |
| Nonoperating income | 36 | 19 | 58 | 46 | 112 | 50 | 57 | |
| Investment income, nonoperating | 7 | (0) | 10 | 3 | 10 | 119 | ||
| Other nonoperating income (expense) | 3 | 6 | 2 | (16) | 37 | (2) | ||
| Interest and debt expense | (18) | (17) | (16) | (12) | (12) | (7) | (0) | |
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (1,499) | 451 | 794 | 247 | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (277) | 60 | (16) | (1,651) | 247 | 320 | 190 | |
| Income (loss) from equity method investments | (99) | 19 | 54 | 27 | ||||
| Other undisclosed income from continuing operations before income taxes | 216 | 7 | 177 | 1,960 | ||||
| Income (loss) from continuing operations before income taxes: | (60) | 67 | 161 | 210 | 266 | 374 | 217 | |
| Income tax expense (benefit) | 12 | (13) | (20) | (43) | (30) | (48) | (26) | |
| Income (loss) before gain (loss) on sale of properties: | (49) | 54 | 141 | 167 | 236 | 325 | 191 | |
| Other undisclosed net income (loss) | 99 | (19) | (54) | (27) | ||||
| Net income (loss): | (49) | 54 | 141 | 266 | 217 | 271 | 164 | |
| Other undisclosed net income (loss) attributable to parent | 13 | (14) | (95) | (142) | (132) | (130) | (106) | |
| Net income (loss) attributable to parent: | (36) | 40 | 46 | 124 | 85 | 142 | 58 | |
| Preferred stock dividends and other adjustments | (17) | (5) | ||||||
| Net income (loss) available to common stockholders, basic: | (36) | 40 | 46 | 124 | 85 | 125 | 53 | |
| Other undisclosed net loss available to common stockholders, diluted | (4) | (3) | (4) | |||||
| Net income (loss) available to common stockholders, diluted: | (39) | 36 | 42 | 124 | 85 | 125 | 53 | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (49) | 54 | 141 | 266 | 217 | 271 | 164 | |
| Other undisclosed comprehensive income (loss) | (30) | (30) | (12) | (3) | (11) | 3 | (11) | |
| Comprehensive income (loss), net of tax, attributable to parent: | (78) | 24 | 129 | 263 | 205 | 275 | 154 | |
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.