Ares Management Corporation (ARES) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Noncurrent Assets
Intangible assets, net (including goodwill)593152175184202229127
Goodwill37114414414414414486
Intangible assets, net (excluding goodwill)22283240588541
Total noncurrent assets:593152175184202229127
Other undisclosed assets14,57611,8629,9798,3795,6284,09221,515
TOTAL ASSETS:15,16912,01410,1558,5645,8304,32121,641
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities12,59710,1568,7607,1034,4523,32914,882
Total liabilities:12,59710,1568,7607,1034,4523,32914,882
Temporary equity, carrying amount    24  
Stockholders' equity
Stockholders' equity attributable to parent, including:1,194768588275293247284
Preferred stock299299299    
Additional paid in capital1,044525326    
Accumulated other comprehensive income (loss)0(6)(9)(4)(9)(5)(1)
Accumulated deficit(152)(51)(29)    
Other undisclosed stockholders' equity attributable to parent311279302252285
Other undisclosed stockholders' equity1,2781,0908061,1851,0847215,414
Total stockholders' equity:2,4721,8591,3941,4601,3779685,698
Other undisclosed liabilities and equity100   (24)241,061
TOTAL LIABILITIES AND EQUITY:15,16912,01410,1558,5645,8304,32121,641

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Gross profit:1,7541,4331,2181,4151,199814604
Operating expenses(1,450)(1,463)(870)(1,505)(1,016)(769)(860)
Operating income (loss):303(30)348(89)18345(256)
Nonoperating income661239623911536813
Investment income, nonoperating   (30)(70)36813
Foreign currency transaction gain (loss), before tax(13)9(0)(2)(16)00
Interest and debt expense(0)(0) (21)   
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes10332(260)21   
Income from continuing operations before equity method investments, income taxes:37942518415029881557
Income from equity method investments23      
Income from continuing operations before income taxes:40242518415029881557
Income tax expense (benefit)(55)(52)(32)23(11)(19)(11)
Income before gain (loss) on sale of properties:34737315217328762546
Other undisclosed net loss(23)      
Net income:32437315217328762546
Other undisclosed net loss attributable to parent(172)(224)(95)(97)(175)(43)(511)
Net income attributable to parent:15214957761121935
Preferred stock dividends and other adjustments(22)(22)(22)(22)(12)(1) 
Other undisclosed net loss available to common stockholders, basic  (7)(4)(1)  
Net income available to common stockholders, basic:1301272851981935
Other undisclosed net income available to common stockholders, diluted    1  
Net income available to common stockholders, diluted:13012728511001935

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:32437315217328762546
Comprehensive income, net of tax, attributable to parent:32437315217328762546

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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