Ares Acquisition Corporation (AAC) financial statements (2022 and earlier)
Company profile
| Business Address |
C/O ARES MANAGEMENT LLC NEW YORK, NY 10167 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| SIC | 677 - Blank Checks (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2021 | |||
|---|---|---|---|
| ASSETS | |||
| Current Assets | |||
| Cash, cash equivalents, and short-term investments | 1 | ||
| Cash and cash equivalents | 1 | ||
| Prepaid expense | 1 | ||
| Total current assets: | 1 | ||
| Noncurrent Assets | |||
| Assets held-in-trust | 1,000 | ||
| Total noncurrent assets: | 1,000 | ||
| TOTAL ASSETS: | 1,002 | ||
| LIABILITIES AND EQUITY | |||
| Liabilities | |||
| Current Liabilities | |||
| Accounts payable and accrued liabilities | 3 | ||
| Accrued liabilities | 3 | ||
| Due to related parties | 0 | ||
| Total current liabilities: | 4 | ||
| Noncurrent Liabilities | |||
| Liabilities, other than long-term debt | 32 | ||
| Derivative instruments and hedges, liabilities | 32 | ||
| Other undisclosed noncurrent liabilities | 35 | ||
| Total noncurrent liabilities: | 67 | ||
| Total liabilities: | 70 | ||
| Stockholders' equity | |||
| Stockholders' equity attributable to parent, including: | (69) | ||
| Accumulated deficit | (69) | ||
| Other undisclosed stockholders' equity attributable to parent | 0 | ||
| Other undisclosed stockholders' equity | 1,000 | ||
| Total stockholders' equity: | 931 | ||
| TOTAL LIABILITIES AND EQUITY: | 1,002 | ||
Income statement (P&L) ($ in millions)
| 12/31/2021 | ||
|---|---|---|
| Revenues (Net Investment Income) | 0 | |
| Gross profit: | 0 | |
| Operating expenses | (6) | |
| Other undisclosed operating loss | (0) | |
| Operating loss: | (6) | |
| Nonoperating income | 22 | |
| Net income attributable to parent: | 16 | |
| Other undisclosed net loss available to common stockholders, basic | (3) | |
| Net income available to common stockholders, diluted: | 13 | |
Comprehensive Income ($ in millions)
| 12/31/2021 | ||
|---|---|---|
| Net income: | 16 | |
| Comprehensive income, net of tax, attributable to parent: | 16 | |
Statements sources
The financial statements are based on the company's filings with the 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.