XML 81 R3.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Assets        
Intangible assets, net $ 490,695 $ 640,420    
Goodwill 1,123,976 999,656 $ 787,972  
Total assets 24,730,500 22,002,839    
Liabilities        
Operating lease liabilities 319,572      
Total liabilities 19,709,151 17,097,810    
Commitments and contingencies    
Stockholders’ Equity        
Additional paid-in-capital 2,391,036 1,970,754    
Accumulated deficit (495,083) (369,475)    
Accumulated other comprehensive loss, net of tax (5,630) (14,986)    
Total stockholders’ equity 1,893,399 1,589,239    
Total equity 4,474,313 3,798,618 $ 3,814,426 $ 2,471,774
Total liabilities, redeemable interest, non-controlling interests and equity 24,730,500 22,002,839    
Class A Common Stock        
Stockholders’ Equity        
Common stock 1,871 1,739    
Non-voting Common Stock        
Stockholders’ Equity        
Common stock 35 35    
Class B Common Stock        
Stockholders’ Equity        
Common stock 0 0    
Class C Common Stock        
Stockholders’ Equity        
Common stock 1,170 1,172    
Ares Management L.P        
Assets        
Cash and cash equivalents 348,274 389,987    
Investments (includes accrued carried interest of $3,413,007 and $3,106,577 as of December 31, 2023 and 2022, respectively) 4,624,932 3,974,734    
Due from affiliates 896,746 758,472    
Other assets 429,979 381,137    
Right-of-use operating lease assets 249,326 155,950    
Intangible assets, net 1,058,495 1,208,220    
Goodwill 1,123,976 999,656    
Liabilities        
Accounts payable, accrued expenses and other liabilities 233,884 231,921    
Accrued compensation 287,259 510,130    
Due to affiliates 240,254 252,798    
Performance related compensation payable 2,514,610 2,282,209    
Debt obligations 2,965,480 2,273,854    
Operating lease liabilities 319,572 190,616    
Redeemable interest 24,098 93,129    
Non-controlling interests in Ares Operating Group entities 1,322,469 1,135,023    
Stockholders’ Equity        
Additional paid-in-capital 2,391,036 1,970,754    
Accumulated deficit (495,083) (369,475)    
Accumulated other comprehensive loss, net of tax (5,630) (14,986)    
Total stockholders’ equity 1,893,399 1,589,239    
Ares Management L.P | Class A Common Stock        
Stockholders’ Equity        
Common stock 1,871 1,739    
Ares Management L.P | Non-voting Common Stock        
Stockholders’ Equity        
Common stock 35 35    
Ares Management L.P | Class B Common Stock        
Stockholders’ Equity        
Common stock 0 0    
Ares Management L.P | Class C Common Stock        
Stockholders’ Equity        
Common stock 1,170 1,172    
Consolidated Entity, Excluding VIE        
Assets        
Cash and cash equivalents 1,149,511 724,641    
Due from affiliates 14,151 15,789    
Other assets 86,672 65,570    
Investments held in trust account 523,038 1,013,382    
Investments, at fair value 14,078,549 12,191,251    
Receivable for securities sold 146,851 124,050    
Liabilities        
Accounts payable, accrued expenses and other liabilities 189,523 168,286    
Due to affiliates 3,554 4,037    
Payable for securities purchased 484,117 314,193    
CLO loan obligations, at fair value 12,345,657 10,701,720    
Fund borrowings 125,241 168,046    
Total liabilities 19,709,151 17,097,810    
Redeemable interest 522,938 1,013,282    
Non-controlling interests in Ares Operating Group entities $ 1,258,445 $ 1,074,356