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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net income $ 73,801 $ 93,839
Allocable to non-controlling interest in Consolidated Funds:    
Net cash provided by (used in) operating activities 69,025 (532,853)
Cash flows from investing activities:    
Net cash used in investing activities (5,273) (71,205)
Allocable to non-controlling interest in Consolidated Funds:    
Net cash provided by financing activities 85,972 556,289
Ares Management L.P.    
Adjustments to reconcile net income to net cash used in operating activities:    
Equity compensation expense 18,709 15,719
Depreciation and amortization 19,439 31,667
Net realized and unrealized (gain) loss on investments (1,991) (19,719)
Contingent consideration 204 1,587
Investments purchased (46,811) (51,388)
Proceeds from sale of investments 33,553 36,081
Cash flows due to changes in operating assets and liabilities:    
Net performance fees receivable (13,107) (2,137)
Due to/from affiliates (21,290) 8,852
Other assets 2,983 30,623
Accrued compensation and benefits (32,158) (48,344)
Accounts payable, accrued expenses and other liabilities 1,876 (38,292)
Deferred taxes (14,660) 1,411
Cash flows from investing activities:    
Acquisitions, net of cash acquired   (64,437)
Purchase of furniture, equipment and leasehold improvements, net (5,273) (6,768)
Cash flows from financing activities:    
Other financing activities 569 (85)
Proceeds from credit facility 147,000 80,000
Repayments of credit facility (257,000) (30,000)
Proceeds from issuance of preferred equity, net 298,971  
Distributions (82,462) (119,335)
Allocable to non-controlling interest in Consolidated Funds:    
Effect of exchange rate changes (6,619) 444
Net change in cash and cash equivalents 143,105 (47,325)
Cash and cash equivalents, beginning of period 121,483 148,858
Cash and cash equivalents, end of period 264,588 101,533
Supplemental information:    
Cash paid during the period for interest 8,612 5,776
Cash paid during the period for income taxes 6,486 7,691
Consolidated Funds    
Adjustments to reconcile net income to net cash used in operating activities:    
Net realized and unrealized (gain) loss on investments 29,606 1,788
Investments purchased (595,756) (1,146,831)
Proceeds from sale of investments 629,085 630,893
Allocable to non-controlling interests in Consolidated Funds:    
Receipt of non-cash interest income and dividends from investments (3,496) (3,154)
Amortization on debt and investments (1,038) (140)
Allocable to non-controlling interest in Consolidated Funds:    
Change in cash and cash equivalents held at Consolidated Funds (74,025) 1,085,596
Cash relinquished with deconsolidation of Consolidated Funds   (870,390)
Change in other assets and receivables held at Consolidated Funds (47,108) (8,536)
Change in other liabilities and payables held at Consolidated Funds 111,209 (281,978)
Allocable to non-controlling interest in Consolidated Funds:    
Contributions from non-controlling interest holders in Consolidated Funds 48,122 107,034
Distributions to non-controlling interests in Consolidated Funds (23,228) (48,325)
Borrowings under loan obligation by Consolidated Funds 750 606,536
Repayments under loan obligations by Consolidated Funds (45,612) (39,706)
Cash and cash equivalents, beginning of period 159,507  
Cash and cash equivalents, end of period 233,532  
Supplemental information:    
Cash paid during the period for interest 24,829 15,908
Cash paid during the period for income taxes $ 126 284
AOG Units    
Supplemental information:    
Issuance of AOG Units to non-controlling interest holders in connection with acquisition   $ 25,468