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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 539,571 $ 194,504
Net cash provided by (used in) operating activities 8,520 (568,198)
Cash flows from investing activities:    
Net cash used in investing activities (21,127) (320,125)
Allocable to redeemable and non-controlling interests in Consolidated Funds:    
Net cash provided by (used in) financing activities (97,501) 815,494
Effect of exchange rate changes (3,052) (17,959)
Net change in cash and cash equivalents (113,160) (90,788)
Cash and cash equivalents, beginning of period 389,987  
Cash and cash equivalents, end of period 276,827 252,867
Supplemental disclosure of non-cash financing activities:    
Issuance of Class A common stock in connection with acquisition-related activity 116,101 12,835
Issuance of AOG Units in connection with settlement of management incentive program 245,647 0
Consolidated Funds     
Cash flows from operating activities:    
Adjustments to reconcile net income to net cash provided by (used in) operating activities (884,231) (855,803)
Cash flows due to changes in operating assets and liabilities allocable to redeemable and non-controlling interest in Consolidated Funds 133,981 (125,132)
Allocable to redeemable and non-controlling interests in Consolidated Funds:    
Contributions from redeemable and non-controlling interests in Consolidated Funds 680,991 218,280
Distributions to non-controlling interests in Consolidated Funds (35,925) (53,638)
Redemptions of redeemable interests in Consolidated Funds (538,985) 0
Borrowings under loan obligations by Consolidated Funds 535,464 814,183
Repayments under loan obligations by Consolidated Funds (174,669) (46,873)
Ares Management L.P    
Cash flows from operating activities:    
Adjustments to reconcile net income to net cash provided by (used in) operating activities 149,773 61,073
Cash flows due to changes in operating assets and liabilities 69,426 157,160
Cash flows from investing activities:    
Purchase of furniture, equipment and leasehold improvements, net of disposals (21,127) (18,448)
Acquisitions, net of cash acquired 0 (301,677)
Cash flows from financing activities:    
Proceeds from Credit Facility 495,000 700,000
Proceeds from issuance of senior notes 0 488,915
Repayments of Credit Facility (470,000) (720,000)
Dividends and distributions  (510,501) (406,366)
Stock option exercises 53,140 8,644
Taxes paid related to net share settlement of equity awards (133,570) (189,485)
Other financing activities 1,554 1,834
Allocable to redeemable and non-controlling interests in Consolidated Funds:    
Cash and cash equivalents, beginning of period 389,987 343,655
Cash and cash equivalents, end of period $ 276,827 $ 252,867