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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income (loss) $ (42,497) $ 73,801
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities (92,537) 23,103
Cash flows due to changes in operating assets and liabilities (144,249) (76,356)
Net cash provided by (used in) operating activities (304,160) 69,025
Cash flows from investing activities:    
Purchase of furniture, equipment and leasehold improvements, net (21,194) (5,273)
Net cash used in investing activities (21,194) (5,273)
Allocable to non-controlling interest in Consolidated Funds:    
Net cash provided by financing activities 108,063 85,972
Ares Management L.P    
Cash flows from financing activities:    
Proceeds from credit facility 165,000 147,000
Proceeds from term notes 70,009 0
Repayments of credit facility (30,000) (257,000)
Proceeds from the issuance of preferred equity, net of issuance costs 0 298,971
Distributions (102,315) (82,462)
Preferred equity distributions (10,850) 0
Net settlement of vested common units (13,471) 0
Stock option exercise 1,036 0
Excess tax benefit related to stock option exercise 81 0
Other financing activities 1,583 (569)
Allocable to non-controlling interest in Consolidated Funds:    
Effect of exchange rate changes 11,686 (6,619)
Net change in cash and cash equivalents (205,605) 143,105
Cash and cash equivalents, beginning of period 342,861 121,483
Cash and cash equivalents, end of period 137,256 264,588
Consolidated Funds    
Cash flows from operating activities:    
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities (61,985) 58,401
Cash flows due to changes in operating assets and liabilities 37,108 (9,924)
Allocable to non-controlling interest in Consolidated Funds:    
Contributions from non-controlling interests in Consolidated Funds 47,265 48,122
Distributions to non-controlling interests in Consolidated Funds (46,876) (23,228)
Borrowings under loan obligations by Consolidated Funds 1,314,026 750
Repayments under loan obligations by Consolidated Funds (1,287,425) $ (45,612)
Cash and cash equivalents, beginning of period 455,280  
Cash and cash equivalents, end of period $ 424,652