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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 41,375 $ 191,589
Adjustments to reconcile net income to net cash (used in) provided operating activities (52,314) 24,989
Cash flows due to changes in operating assets and liabilities (78,593) (30,485)
Net cash used in operating activities (1,192,250) (259,359)
Cash flows from investing activities:    
Purchase of furniture, equipment and leasehold improvements, net (27,926) (8,167)
Net cash used in investing activities (27,926) (8,167)
Allocable to non-controlling interest in Consolidated Funds:    
Net cash provided by financing activities 1,051,647 489,702
Ares Management L.P    
Cash flows from financing activities:    
Proceeds from credit facility 245,000 147,000
Proceeds from term notes 70,009 0
Repayments of credit facility (135,000) (257,000)
Proceeds from the issuance of preferred equity, net of issuance costs 0 298,637
Distributions (169,008) (150,424)
Preferred equity distributions (16,275) (6,751)
Net settlement of vested common units (13,910) 0
Stock option exercise 1,036 0
Excess tax benefit related to stock option exercise 81 0
Other financing activities 1,541 (701)
Allocable to non-controlling interest in Consolidated Funds:    
Effect of exchange rate changes 12,105 (6,876)
Net change in cash and cash equivalents (156,424) 215,300
Cash and cash equivalents, beginning of period 342,861 121,483
Cash and cash equivalents, end of period 186,437 336,783
Consolidated Funds    
Cash flows from operating activities:    
Adjustments to reconcile net income to net cash (used in) provided operating activities (1,157,088) (506,849)
Cash flows due to changes in operating assets and liabilities 54,370 61,397
Allocable to non-controlling interest in Consolidated Funds:    
Contributions from non-controlling interests in Consolidated Funds 145,717 93,128
Distributions to non-controlling interests in Consolidated Funds (49,084) (61,270)
Borrowings under loan obligations by Consolidated Funds 2,438,491 530,731
Repayments under loan obligations by Consolidated Funds (1,466,951) $ (103,648)
Cash and cash equivalents, beginning of period 455,280  
Cash and cash equivalents, end of period $ 799,609