Ares Management Corporation (ARES)

Ares Management Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	1,666	1,498	1,115	1,393	1,062	744.71
Trading Asset Securities	-	-	-	5.68	1.44	-
Cash & Short-Term Investments	1,666	1,498	1,115	1,399	1,064	744.71
Cash Growth	39.17%	34.38%	-20.30%	31.49%	42.83%	50.48%
Accounts Receivable	819.15	1,084	947.36	1,068	544.38	370.98
Other Receivables	-	12.63	5.25	3.08	3.99	3.38
Receivables	819.15	1,096	952.61	1,071	548.37	374.37
Other Current Assets	228.86	178.15	136.35	86.89	76.92	69.24
Total Current Assets	2,714	2,772	2,204	2,556	1,689	1,188
Property, Plant & Equipment	426.48	371.55	235.63	239.92	217	208.08
Long-Term Investments	18,547	19,227	17,179	16,501	12,560	10,392
Goodwill	1,133	1,124	999.66	787.97	371.05	143.86
Other Intangible Assets	969.98	1,058	1,208	1,423	222.09	7.98
Long-Term Deferred Tax Assets	203.3	21.55	68.93	39.4	70.03	46.36
Long-Term Deferred Charges	5.14	4.21	5.51	5.27	9.52	6.36
Other Long-Term Assets	523.74	152.11	101.94	52.37	30.55	21.65
Total Assets	24,523	24,731	22,003	21,605	15,169	12,014
Accounts Payable	879.04	894.1	695.15	1,479	674.18	643.64
Accrued Expenses	2,965	2,835	2,914	2,567	943.71	895.65
Current Portion of Long-Term Debt	370.99	125.24	93.05	-	32.5	-
Current Portion of Leases	11.65	51.4	-	-	-	-
Other Current Liabilities	353.9	208.28	141.75	121.8	64.11	31.43
Total Current Liabilities	4,588	4,114	3,844	4,168	1,715	1,571
Long-Term Debt	13,515	15,311	13,051	12,289	10,690	8,398
Long-Term Leases	524.04	268.17	190.62	206.01	181.51	170.47
Long-Term Unearned Revenue	9.16	9.59	8.7	10.16	4.81	5.43
Other Long-Term Liabilities	7.62	6	4.3	21.36	5.55	11.39
Total Liabilities	18,643	19,709	17,098	16,695	12,597	10,156
Common Stock	3.13	3.08	2.95	2.91	2.6	1.15
Additional Paid-In Capital	2,857	2,391	1,971	1,914	1,044	525.24
Retained Earnings	-792.4	-495.08	-369.48	-89.38	-151.82	-50.82
Comprehensive Income & Other	8.45	-5.63	-14.99	-1.86	0.48	-6.05
Total Common Equity	2,076	1,893	1,589	1,825	894.92	469.53
Minority Interest	3,803	3,128	3,316	3,085	1,378	1,090
Shareholders' Equity	5,880	5,021	4,905	4,910	2,572	1,859
Total Liabilities & Equity	24,523	24,731	22,003	21,605	15,169	12,014
Total Debt	14,421	15,756	13,334	12,495	10,904	8,568
Net Cash (Debt)	-12,755	-14,258	-12,220	-11,097	-9,841	-7,823
Net Cash Per Share	-61.89	-72.83	-69.62	-61.61	-65.82	-65.26
Filing Date Shares Outstanding	201.88	193.37	179.51	174.65	149.54	118.61
Total Common Shares Outstanding	201.82	190.56	177.38	171.84	147.18	115.24
Working Capital	-1,874	-1,342	-1,640	-1,612	-25.59	-382.4
Book Value Per Share	10.29	9.94	8.96	10.62	6.08	4.07
Tangible Book Value	-26.98	-289.07	-618.64	-385.56	301.79	317.7
Tangible Book Value Per Share	-0.13	-1.52	-3.49	-2.24	2.05	2.76
Machinery	-	52.68	41.55	31.96	28.07	29.45
Leasehold Improvements	-	134.27	84.82	74.68	57.51	56.62

Source: S&P Capital IQ. Standard template. Financial Sources.