Ares Management Corporation (FRA:0QN)

Ares Management Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	1,500	2,735	1,498	1,115	1,393	1,062
Trading Asset Securities	-	-	-	-	5.68	1.44
Cash & Short-Term Investments	1,500	2,735	1,498	1,115	1,399	1,064
Cash Growth	-9.97%	82.63%	34.38%	-20.30%	31.49%	42.83%
Accounts Receivable	1,098	1,252	1,084	947.36	1,068	544.38
Other Receivables	-	11.74	12.63	5.25	3.08	3.99
Receivables	1,098	1,263	1,096	952.61	1,071	548.37
Other Current Assets	383.71	251.28	178.15	136.35	86.89	76.92
Total Current Assets	2,982	4,250	2,772	2,204	2,556	1,689
Property, Plant & Equipment	526.04	688.99	371.55	235.63	239.92	217
Long-Term Investments	17,010	17,383	19,227	17,179	16,501	12,560
Goodwill	3,437	1,163	1,124	999.66	787.97	371.05
Other Intangible Assets	2,166	975.83	1,058	1,208	1,423	222.09
Long-Term Deferred Tax Assets	289.1	241.89	21.55	68.93	39.4	70.03
Long-Term Deferred Charges	6.1	4.86	4.21	5.51	5.27	9.52
Other Long-Term Assets	615.21	177.49	152.11	101.94	52.37	30.55
Total Assets	27,032	24,884	24,731	22,003	21,605	15,169
Accounts Payable	855.99	1,012	894.1	695.15	1,479	674.18
Accrued Expenses	3,719	2,897	2,835	2,914	2,567	943.71
Current Portion of Long-Term Debt	381.79	275	125.24	93.05	-	32.5
Current Portion of Leases	22.32	56.07	-	-	-	-
Other Current Liabilities	1,069	409.98	208.28	141.75	121.8	64.11
Total Current Liabilities	6,062	4,650	4,063	3,844	4,168	1,715
Long-Term Debt	11,668	12,231	15,311	13,051	12,289	10,690
Long-Term Leases	654.06	585.79	319.57	190.62	206.01	181.51
Long-Term Unearned Revenue	3.45	5.77	9.59	8.7	10.16	4.81
Other Long-Term Liabilities	12.8	13.66	6	4.3	21.36	5.55
Total Liabilities	18,400	17,486	19,709	17,098	16,695	12,597
Common Stock	3.27	3.13	3.08	2.95	2.91	2.6
Additional Paid-In Capital	4,199	2,937	2,391	1,971	1,914	1,044
Retained Earnings	-1,219	-837.29	-495.08	-369.48	-89.38	-151.82
Comprehensive Income & Other	29.76	-17.76	-5.63	-14.99	-1.86	0.48
Total Common Equity	3,013	2,085	1,893	1,589	1,825	894.92
Minority Interest	4,158	3,855	3,128	3,316	3,085	1,378
Shareholders' Equity	8,632	7,398	5,021	4,905	4,910	2,572
Total Liabilities & Equity	27,032	24,884	24,731	22,003	21,605	15,169
Total Debt	12,726	13,148	15,756	13,334	12,495	10,904
Net Cash (Debt)	-11,226	-10,413	-14,258	-12,220	-11,097	-9,841
Net Cash Per Share	-52.77	-52.57	-72.83	-69.62	-61.61	-65.82
Filing Date Shares Outstanding	220.34	207.6	193.37	179.51	174.65	149.54
Total Common Shares Outstanding	220.32	203.36	190.56	177.38	171.84	147.18
Working Capital	-3,080	-399.6	-1,291	-1,640	-1,612	-25.59
Book Value Per Share	13.68	10.25	9.94	8.96	10.62	6.08
Tangible Book Value	-2,590	-53.59	-289.07	-618.64	-385.56	301.79
Tangible Book Value Per Share	-11.76	-0.26	-1.52	-3.49	-2.24	2.05
Machinery	-	62.92	52.68	41.55	31.96	28.07
Leasehold Improvements	-	166.25	134.27	84.82	74.68	57.51

Source: S&P Global Market Intelligence. Standard template. Financial Sources.