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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income $ 372,804 $ 152,139 $ 172,911
Allocable to non-controlling interest in Consolidated Funds:      
Net cash used in operating activities (2,083,021) (1,417,058) (1,863,014)
Cash flows from investing activities:      
Purchase of furniture, equipment and leasehold improvements, net (16,796) (18,419) (33,160)
Net cash used in investing activities (16,796) (18,419) (33,160)
Allocable to non-controlling interests in Consolidated Funds:      
Net cash provided by financing activities 2,122,330 1,405,295 1,654,877
Effect of exchange rate changes 5,624 21,500 17,365
Net change in cash and cash equivalents 28,137 (8,682) (223,932)
Cash and cash equivalents, beginning of period 110,247 118,929 342,861
Cash and cash equivalents, end of period 138,384 110,247 118,929
Ares Management L.P      
Adjustments to reconcile net income to net cash used in operating activities      
Equity compensation expense 97,691 89,724 69,711
Depreciation and amortization 39,459 28,517 32,809
Net realized and unrealized gains (losses) on investments (53,092) 12,935 (67,034)
Contingent consideration 0 0 (20,156)
Other non-cash amounts 0 10 (1,731)
Investments purchased (278,798) (248,460) (257,295)
Investments purchased 284,810 381,703 154,278
Cash flows due to changes in operating assets and liabilities:      
Net performance income receivable (103,962) 29,578 (90,444)
Due to/from affiliates (76,107) 33,023 (2,483)
Other assets 27,653 (66,795) (36,786)
Accrued compensation and benefits 7,650 114 (105,109)
Accounts payable, accrued expenses and other liabilities 30,669 2,306 14,640
Cash flows from financing activities:      
Proceeds from issuance of Class A common stock 206,705 105,333 0
Proceeds from credit facility 335,000 680,000 455,000
Proceeds from term notes 0 44,050 100,459
Repayments of credit facility (500,000) (655,000) (245,000)
Repayments of term loans 0 (206,089) 0
Dividends and distributions  (323,667) (312,646) (261,656)
Series A Preferred Stock dividends and distributions (21,700) (21,700) (21,700)
Repurchases of Class A common stock (10,449) 0 0
Stock option exercises 90,511 950 1,036
Taxes paid related to net share settlement of equity awards (33,554) (18,014) (14,308)
Other financing activities (3,212) 3,128 2,819
Supplemental information:      
Cash paid during the period for interest 17,922 19,881 17,222
Cash paid during the period for income taxes 35,021 26,740 18,034
Consolidated Funds      
Adjustments to reconcile net income to net cash used in operating activities      
Net realized and unrealized gains (losses) on investments (15,136) 1,583 (100,124)
Investments purchased (5,216,931) (4,919,118) (4,058,936)
Investments purchased 3,077,755 2,756,924 2,303,315
Allocable to non-controlling interests in Consolidated Funds:      
Other non-cash amounts (8,383) (4,519) (4,470)
Allocable to non-controlling interest in Consolidated Funds:      
Change in cash and cash equivalents held at Consolidated Funds (221,677) 171,856 (101,224)
Cash acquired/relinquished with consolidation/deconsolidation of Consolidated Funds (81,059) 11,915 198,297
Change in cash and cash equivalents held at Consolidated Funds (54,834) 11,962 (48,837)
Change in other liabilities and payables held at Consolidated Funds 88,467 137,545 85,654
Allocable to non-controlling interests in Consolidated Funds:      
Contributions from non-controlling interests in Consolidated Funds 172,851 71,009 190,154
Distributions to non-controlling interests in Consolidated Funds (96,282) (159,710) (61,866)
Borrowings under loan obligations by Consolidated Funds 3,341,837 2,901,633 2,949,949
Repayments under loan obligations by Consolidated Funds (1,035,710) (1,027,649) (1,440,010)
Supplemental information:      
Cash paid during the period for interest 215,168 165,070 76,889
Cash paid during the period for income taxes $ 604 $ 742 $ 145