Ares Management Corporation (ARES) financial statements (2020 and earlier)

Company profile

Business Address 2000 AVE OF THE STARS
LOS ANGELES, CA 90067
State of Incorp. DE
Fiscal Year End December 31
SIC 6282 - Investment Advice (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments152     
Cash and cash equivalents152     
Total current assets:152     
Noncurrent Assets
Intangible assets, net (including goodwill)152175184202229127
Goodwill14414414414414486
Intangible assets, net (excluding goodwill)83240588541
Deferred income tax assets39
Total noncurrent assets:191175184202229127
Other undisclosed assets11,2539,9798,3795,6284,09221,515
TOTAL ASSETS:11,59710,1558,5645,8304,32121,641
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities9,7548,7607,1034,4523,32914,882
Total liabilities:9,7548,7607,1034,4523,32914,882
Temporary equity, carrying amount   24  
Stockholders' equity
Stockholders' equity attributable to parent, including:752588275293247284
Preferred stock299299    
Additional paid in capital508326    
Accumulated other comprehensive loss(11)(9)(4)(9)(5)(1)
Accumulated deficit(44)(29)    
Other undisclosed stockholders' equity attributable to parent11279302252285
Other undisclosed stockholders' equity1,0918061,1851,0847215,414
Total stockholders' equity:1,8431,3941,4601,3779685,698
Other undisclosed liabilities and equity   (24)241,061
TOTAL LIABILITIES AND EQUITY:11,59710,1558,5645,8304,32121,641

Income statement (P&L) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Gross profit:1,3711,2181,4151,199814604
Operating expenses(1,316)(870)(1,505)(1,016)(769)(860)
Operating income (loss):55348(89)18345(256)
Nonoperating income839623911536813
Investment income, nonoperating  (30)(70)36813
Interest and debt expense(0) (21)   
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes205(260)21   
Income from continuing operations before income taxes:34318415029881557
Income tax expense (benefit)(38)(32)23(11)(19)(11)
Net income:30515217328762546
Other undisclosed net loss attributable to parent(182)(95)(97)(175)(43)(511)
Net income attributable to parent:12257761121935
Preferred stock dividends and other adjustments(22)(22)(22)(12)(1) 
Other undisclosed net loss available to common stockholders, basic(7)(7)(4)(1)  
Net income available to common stockholders, basic:942851981935
Other undisclosed net income available to common stockholders, diluted   1  
Net income available to common stockholders, diluted:9428511001935

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:30515217328762546
Comprehensive income, net of tax, attributable to parent:30515217328762546

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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