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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net income $ 286,901 $ 62,420 $ 545,662
Allocable to non-controlling interest in Consolidated Funds:      
Net cash (used in) provided by operating activities (625,655) (527,986) 1,532,588
Cash flows from investing activities:      
Acquisitions, net of cash acquired 0 (64,437) (60,000)
Purchase of furniture, equipment and leasehold improvements, net (11,913) (10,676) (16,664)
Net cash used in investing activities (11,913) (75,113) (76,664)
Allocable to non-controlling interest in Consolidated Funds:      
Net cash provided by (used in) in financing activities 880,764 581,537 (1,364,106)
Non-cash increase in assets and liabilities:      
Non-cash increase in assets and liabilities: 0 25,468 0
Ares Management L.P      
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity compensation expense 39,065 32,244 83,230
Depreciation and amortization 37,455 55,275 36,129
Debt extinguishment expenses 0 11,641 0
Net realized and unrealized (gain) loss on investments (28,251) (17,009) (32,128)
Contingent consideration (17,674) (21,064) 0
Other non-cash amounts 0 10 3,143
Investments purchased (120,413) (150,231) (57,164)
Proceeds from sale of investments 145,439 59,979 19,365
Cash flows due to changes in operating assets and liabilities:      
Restricted cash 0 32,500 (19,390)
Net performance fees receivable (28,306) 20,611 38,079
Due to/from affiliates (26,000) 8,017 (53,351)
Other assets (162) (268) 11,557
Accrued compensation and benefits 9,181 (6,028) (4,870)
Accounts payable, accrued expenses and other liabilities 5,328 (37,194) 34,027
Deferred taxes (28,463) 1,427 (1,141)
Cash flows from financing activities:      
Proceeds from issuance of common units in IPO 0 0 209,189
Issuance costs 0 0 (28,615)
Proceeds from debt issuance, net of offering costs 26,036 316,449 245,670
Proceeds from credit facility 147,000 185,000 223,918
Proceeds from term notes 0 35,250 0
Repayments of credit facility (257,000) (75,000) (345,168)
Repayments of term notes 0 (328,250) (11,000)
Repayments of promissory notes 0 0 (20,869)
Proceeds from the issuance of preferred equity, net of issuance costs 298,761 0 0
Distributions (200,663) (217,760) (329,893)
Preferred equity distributions (12,176) 0 0
Redemption of redeemable interest and put option liability (40,000) 0 0
Other financing activities (701) 85 0
Allocable to non-controlling interest in Consolidated Funds:      
Effect of exchange rate changes (21,818) (5,813) (32,762)
Net change in cash and cash equivalents 221,378 (27,375) 59,056
Cash and cash equivalents, beginning of period 121,483 148,858 89,802
Cash and cash equivalents, end of period 342,861 121,483 148,858
Supplemental information:      
Cash paid during the period for interest 15,390 15,792 3,931
Cash paid during the period for income taxes 26,402 13,587 19,821
Consolidated Funds      
Adjustments to reconcile net income to net cash provided by operating activities:      
Net realized and unrealized (gain) loss on investments 2,057 24,616 (513,270)
Investments purchased (2,263,891) (1,643,079) (9,739,451)
Allocable to non-controlling interests in Consolidated Funds:      
Receipt of non-cash interest income and dividends from investments (7,720) (8,288) (57,954)
Amortization on debt and investments (4,566) (1,197) (19,681)
Proceeds from sale or pay down of investments 1,498,398 1,049,765 10,943,758
Allocable to non-controlling interest in Consolidated Funds:      
Change in cash and cash equivalents held at Consolidated Funds (295,769) 1,154,889 338,590
Cash relinquished with deconsolidation of Consolidated Funds 0 (870,390) (40,625)
Change in other assets and receivables held at Consolidated Funds 3,872 (1,444) 357,748
Change in other liabilities and payables held at Consolidated Funds 167,864 (285,188) (339,675)
Allocable to non-controlling interest in Consolidated Funds:      
Contributions from non-controlling interests in Consolidated Funds 132,932 88,567 339,195
Distributions to non-controlling interests in Consolidated Funds (118,471) (85,746) (1,322,998)
Borrowings under loan obligations by Consolidated Funds 1,621,514 763,811 3,782,201
Repayments under loan obligations by Consolidated Funds (716,468) (100,869) (4,105,736)
Cash and cash equivalents, beginning of period 159,507    
Cash and cash equivalents, end of period 455,280 159,507  
Supplemental information:      
Cash paid during the period for interest 53,704 43,894 216,144
Cash paid during the period for income taxes $ 378 $ 1,057 $ 16,750