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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net income $ 172,911 $ 286,901 $ 62,420
Allocable to non-controlling interest in Consolidated Funds:      
Net cash used in operating activities (1,863,095) (625,655) (527,986)
Cash flows from investing activities:      
Acquisitions, net of cash acquired 0 0 (64,437)
Purchase of furniture, equipment and leasehold improvements, net (33,160) (11,913) (10,676)
Net cash used in investing activities (33,160) (11,913) (75,113)
Allocable to non-controlling interest in Consolidated Funds:      
Net cash provided by financing activities 1,654,958 880,764 581,537
Non-cash increase in assets and liabilities:      
Issuance of AOG Units to non-controlling interest holders in connection with acquisitions 0 0 25,468
Ares Management L.P      
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Equity compensation expense 69,711 39,065 32,244
Depreciation and amortization 32,809 37,455 55,275
Debt extinguishment expenses 0 0 (11,641)
Net realized and unrealized gain on investments (67,034) (28,251) (17,009)
Contingent consideration (20,156) (17,674) (21,064)
Other non-cash amounts (1,731) 0 10
Investments purchased (257,295) (120,413) (150,231)
Proceeds from sale of investments 154,278 145,439 59,979
Cash flows due to changes in operating assets and liabilities:      
Net performance fees receivable (90,444) (28,306) 20,611
Due to/from affiliates (2,483) (26,000) 8,017
Other assets (28,674) (162) 32,232
Accrued compensation and benefits (105,109) 9,181 (6,028)
Accounts payable, accrued expenses and other liabilities 14,559 5,328 (37,194)
Deferred taxes (8,112) (28,463) 1,427
Cash flows from financing activities:      
Proceeds from debt issuance, net of offering costs 0 0 316,449
Proceeds from credit facility 455,000 147,000 185,000
Proceeds from term notes 100,459 26,036 35,250
Repayments of credit facility (245,000) (257,000) (75,000)
Repayments of term notes 0 0 (328,250)
Contributions 4,213 0 0
Proceeds from the issuance of preferred equity, net of issuance costs 0 298,761 0
Distributions (261,656) (200,663) (217,760)
Preferred equity distributions (21,700) (12,176) 0
Redemption of redeemable interest and put option liability 0 (40,000) 0
Taxes paid in net settlement of vested common units (14,308) 0 0
Stock option exercise 1,036 0 0
Tax from share-based payment 81 0 0
Other financing activities (1,394) (701) 85
Allocable to non-controlling interest in Consolidated Funds:      
Effect of exchange rate changes 17,365 (21,818) (5,813)
Net change in cash and cash equivalents (223,932) 221,378 (27,375)
Cash and cash equivalents, beginning of period 342,861 121,483 148,858
Cash and cash equivalents, end of period 118,929 342,861 121,483
Supplemental information:      
Cash paid during the period for interest 17,222 15,390 15,792
Cash paid during the period for income taxes 18,034 26,402 13,587
Consolidated Funds      
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Net realized and unrealized gain on investments (100,124) 2,057 24,616
Investments purchased (4,058,936) (2,263,891) (1,643,079)
Allocable to non-controlling interests in Consolidated Funds:      
Receipt of non-cash interest income and dividends from investments (453) (7,720) (8,288)
Amortization on debt and investments (4,017) (4,566) (1,197)
Proceeds from sale or pay down of investments 2,303,315 1,498,398 1,049,765
Allocable to non-controlling interest in Consolidated Funds:      
Change in cash and cash equivalents held at Consolidated Funds (101,224) (295,769) 1,154,889
Cash acquired/relinquished with consolidation/deconsolidation of Consolidated Funds 198,297 0 (870,390)
Change in other assets and receivables held at Consolidated Funds (48,837) 3,872 (1,444)
Change in other liabilities and payables held at Consolidated Funds 85,654 167,864 (285,188)
Allocable to non-controlling interest in Consolidated Funds:      
Contributions from non-controlling interests in Consolidated Funds 190,154 132,932 88,567
Distributions to non-controlling interests in Consolidated Funds (61,866) (118,471) (85,746)
Borrowings under loan obligations by Consolidated Funds 2,949,949 1,621,514 763,811
Repayments under loan obligations by Consolidated Funds (1,440,010) (716,468) (100,869)
Cash and cash equivalents, beginning of period 455,280    
Cash and cash equivalents, end of period 556,500 455,280  
Supplemental information:      
Cash paid during the period for interest 76,889 53,704 43,894
Cash paid during the period for income taxes $ 145 $ 378 $ 1,057