Ares Management Corp

Common Name

Ares Management

Country

United States

Sector

Financial Services

Industry

Asset Management

Employees

3,200

Ticker

ARES

Exchange

NEW YORK STOCK EXCHANGE, INC.

Website

www.aresmgmt.com

Description

Ares Management Corporation operates as a global alternative investment manager, recognized for its adeptness in managing diversified investment strategies. Its primary focus lies on assets within cre... Show more

Financial Statements of Ares Management

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.

Income Statement (as reported) Balance Sheet (as reported)

All figures in millions of USD	2024	2023	2022
Revenues	—	—	—
Management fees	2,942.13^a	2,551.15^a	2,136.43^a
Carried interest allocation	390.18^a	618.58^a	458.01^a
Incentive fees	344.16^a	276.63^a	301.19^a
Principal investment income	45.42^a	36.52^a	12.28^a
Administrative, transaction and other fees	162.89^a	149.01^a	147.53^a
Total revenues	3,884.78^a	3,631.88^a	3,055.44^a
Expenses	—	—	—
Compensation and benefits	-1,731.75^a	-1,486.7^a	-1,498.59^a
Performance related compensation	-449.56^a	-607.52^a	-518.83^a
General, administrative and other expense	-736.5^a	-660.15^a	-695.26^a
Expenses of the consolidated funds	-20.88^a	-43.49^a	-36.41^a
Total expenses	-2,938.69^a	-2,797.86^a	-2,749.09^a
Other income (expense)	—	—	—
Net realized and unrealized gains on investments	16.57^a	77.57^a	0
Interest and dividend income	43.05^a	19.28^a	9.4^a
Interest expense	-142.97^a	-106.28^a	-71.36^a
Other income, net	0.63^a	0	13.12^a
Net realized and unrealized gains on investments of the consolidated funds	313.96^a	262.7^a	73.39^a
Interest and other income of the consolidated funds	933.35^a	995.55^a	586.53^a
Interest expense of the consolidated funds	-835.34^a	-754.6^a	-411.36^a
Total other income (expense), net	329.26^a	499.04^a	204.45^a
Income before taxes	1,275.35^a	1,333.06^a	510.81^a
Income tax expense	-164.62^a	-172.97^a	-71.89^a
Net income	1,110.74^a	1,160.09^a	438.92^a
Less: Net income attributable to non-controlling interests in consolidated funds	295.77^a	274.3^a	119.33^a
Net income attributable to Ares Operating Group entities	814.96^a	885.8^a	319.58^a
Less: Net income attributable to redeemable interest in Ares Operating Group entities	0.1^a	0.23^a	0
Less: Net income attributable to non-controlling interests in Ares Operating Group entities	351.12^a	411.24^a	152.89^a
Net income attributable to Ares Management Corporation	463.74^a	0	0
Less: Series B mandatory convertible preferred stock dividends declared	22.78^a	0	0
Net income attributable to Ares Management Corporation Class A and non-voting common stockholders	440.96^a	474.33^a	167.54^a
Other income (expense), net	0	4.82^a	0
Net realized and unrealized gains (losses) on investments	0	0	4.73^a
Less: Net loss attributable to redeemable interest in Ares Operating Group entities	0	0	-0.85^a

Verified Sources Behind Ares Management’s Financial Fundamentals Data

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a. Ares Management's 10-K 2024

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Ares Management Corp

Financial Statements of Ares Management

Verified Sources Behind Ares Management’s Financial Fundamentals Data

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