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 investments1
Cash and cash equivalents1
Prepaid expense1
Total current assets:1
Noncurrent Assets
Assets held-in-trust1,000
Total noncurrent assets:1,000
TOTAL ASSETS:1,002
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3
Accrued liabilities3
Due to related parties0
Total current liabilities:4
Noncurrent Liabilities
Liabilities, other than long-term debt32
Derivative instruments and hedges, liabilities32
Other undisclosed noncurrent liabilities35
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 parent0
Other undisclosed stockholders' equity1,000
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 income22
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.

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