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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 140,898 $ 164,310
Net cash provided by (used in) operating activities 224,150 (741,118)
Cash flows from investing activities:    
Net cash used in investing activities (310,148) (3,284)
Allocable to redeemable and non-controlling interests in Consolidated Funds:    
Net cash provided by financing activities 93,037 817,211
Effect of exchange rate changes (4,652) (2,749)
Net change in cash and cash equivalents 2,387 70,060
Cash and cash equivalents, beginning of period 343,655  
Cash and cash equivalents, end of period 346,042 609,872
Supplemental disclosure of non-cash financing activities:    
Issuance of Class A common stock in connection with acquisitions 12,835 0
Consolidated Funds     
Cash flows from operating activities:    
Adjustments to reconcile net income to net cash provided by (used in) operating activities: (97,772) (1,208,180)
Cash flows due to changes in operating assets and liabilities 132,346  
Change in cash and cash equivalents held at Consolidated Funds (4,795) 265,512
Allocable to redeemable and non-controlling interests in Consolidated Funds:    
Contributions from redeemable and non-controlling interests in Consolidated Funds 82,930 941,935
Distributions to non-controlling interests in Consolidated Funds (34,958) (38,829)
Borrowings under loan obligations by Consolidated Funds 49,317 7,000
Repayments under loan obligations by Consolidated Funds (57,457) (29,453)
Ares Management L.P    
Cash flows from operating activities:    
Adjustments to reconcile net income to net cash provided by (used in) operating activities: 53,473 44,284
Cash flows due to changes in operating assets and liabilities 132,346 (7,044)
Cash flows from investing activities:    
Purchase of furniture, equipment and leasehold improvements, net of disposals (8,524) (3,284)
Acquisitions, net of cash acquired (301,624) 0
Cash flows from financing activities:    
Proceeds from Credit Facility 860,000 168,000
Proceeds from issuance of senior notes 488,915 0
Repayments of Credit Facility (905,000) 0
Dividends and distributions  (211,886) (141,768)
Series A Preferred Stock dividends 0 (5,425)
Stock option exercises 3,347 0
Taxes paid related to net share settlement of equity awards (183,027) (84,590)
Other financing activities 856 341
Allocable to redeemable and non-controlling interests in Consolidated Funds:    
Cash and cash equivalents, beginning of period 343,655 539,812
Cash and cash equivalents, end of period $ 346,042 $ 609,872