Below are the financial statements of Ares Management, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 2024-01-01 - 2024-12-31 | 2023 2023-01-01 - 2023-12-31 | 2022 2022-01-01 - 2022-12-31 |
|---|---|---|---|
| Revenues | — | — | — |
| Management fees | 2,942.13a | 2,551.15a | 9.4a |
| Carried interest allocation | 390.18a | 618.58a | -71.36a |
| Incentive fees | 344.16a | 276.63a | 13.12a |
| Principal investment income | 45.42a | 36.52a | 73.39a |
| Administrative, transaction and other fees | 162.89a | 149.01a | 586.53a |
| Total revenues | 3,884.78a | 3,631.88a | -411.36a |
| Expenses | — | — | — |
| Compensation and benefits | -1,731.75a | -1,486.7a | 510.81a |
| Performance related compensation | -449.56a | -607.52a | -71.89a |
| General, administrative and other expense | -736.5a | -660.15a | 438.92a |
| Expenses of the consolidated funds | -20.88a | -43.49a | 119.33a |
| Total expenses | -2,938.69a | -2,797.86a | 319.58a |
| Other income (expense) | — | — | — |
| Net realized and unrealized gains on investments | 16.57a | 77.57a | - |
| Interest and dividend income | 43.05a | 19.28a | - |
| Interest expense | -142.97a | -106.28a | - |
| Other income, net | 0.63a | - | - |
| Net realized and unrealized gains on investments of the consolidated funds | 313.96a | - | - |
| Interest and other income of the consolidated funds | 933.35a | - | - |
| Interest expense of the consolidated funds | -835.34a | - | - |
| Total other income (expense), net | 329.26a | - | - |
| Income before taxes | 1,275.35a | - | - |
| Income tax expense | -164.62a | - | - |
| Net income | 1,110.74a | - | - |
| Less: Net income attributable to non-controlling interests in consolidated funds | 295.77a | - | - |
| Net income attributable to Ares Operating Group entities | 814.96a | - | - |
| Less: Net income attributable to redeemable interest in Ares Operating Group entities | 0.1a | - | - |
| Less: Net income attributable to non-controlling interests in Ares Operating Group entities | 351.12a | - | - |
| Net income attributable to Ares Management Corporation | 463.74a | - | - |
| Less: Series B mandatory convertible preferred stock dividends declared | 22.78a | - | - |
| Net income attributable to Ares Management Corporation Class A and non-voting common stockholders | 440.96a | - | - |
| Other income (expense), net | - | 4.82a | - |
| Net realized and unrealized gains on investments of the consolidated funds | - | 262.7a | - |
| Interest and other income of the consolidated funds | - | 995.55a | - |
| Interest expense of the consolidated funds | - | -754.6a | - |
| Total other income (expense), net | - | 499.04a | - |
| Income before taxes | - | 1,333.06a | - |
| Income tax expense | - | -172.97a | - |
| Net income | - | 1,160.09a | - |
| Less: Net income attributable to non-controlling interests in consolidated funds | - | 274.3a | - |
| Net income attributable to Ares Operating Group entities | - | 885.8a | - |
| Less: Net income attributable to redeemable interest in Ares Operating Group entities | - | 0.23a | - |
| Less: Net income attributable to non-controlling interests in Ares Operating Group entities | - | 411.24a | - |
| Net income attributable to Ares Management Corporation Class A and non-voting common stockholders | - | 474.33a | - |
| Less: Net loss attributable to redeemable interest in Ares Operating Group entities | - | - | -0.85a |
| Less: Net income attributable to non-controlling interests in Ares Operating Group entities | - | - | 152.89a |
| Net income attributable to Ares Management Corporation Class A and non-voting common stockholders | - | - | 167.54a |
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