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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income $ 203,815 $ 207,316
Net cash provided by operating activities 710,045 707,572
Cash flows from investing activities:    
Net cash used in investing activities (34,071) (8,877)
Allocable to redeemable and non-controlling interests in Consolidated Funds:    
Net cash used in financing activities (666,632) (821,144)
Effect of exchange rate changes (11,285) 4,711
Net change in cash and cash equivalents (1,943) (117,738)
Cash and cash equivalents, beginning of period 348,274  
Cash and cash equivalents, end of period 346,331 272,249
Supplemental disclosure of non-cash financing activities:    
Issuance of common stock in connection with acquisition-related activities 7,724 115,364
Issuance of common stock in connection with settlement of management incentive program 0 245,647
Consolidated Funds     
Cash flows from operating activities:    
Adjustments to reconcile net income to net cash provided by operating activities 244,182 328,840
Cash flows due to changes in operating assets and liabilities allocable to redeemable and non-controlling interest in Consolidated Funds (64,929) 42,584
Allocable to redeemable and non-controlling interests in Consolidated Funds:    
Contributions from redeemable and non-controlling interests in Consolidated Funds 168,673 93,585
Distributions to non-controlling interests in Consolidated Funds (26,908) (20,933)
Redemptions of redeemable interests in Consolidated Funds 0 (538,985)
Borrowings under loan obligations by Consolidated Funds 36,947 2,914
Repayments under loan obligations by Consolidated Funds (421,112) (97,325)
Ares Management L.P    
Cash flows from operating activities:    
Adjustments to reconcile net income to net cash provided by operating activities 222,996 121,761
Cash flows due to changes in operating assets and liabilities 103,981 7,071
Cash flows from investing activities:    
Purchase of furniture, equipment and leasehold improvements, net of disposals (26,071) (8,877)
Acquisitions, net of cash acquired (8,000) 0
Cash flows from financing activities:    
Proceeds from Credit Facility 290,000 245,000
Repayments of Credit Facility (210,000) (150,000)
Dividends and distributions  (320,046) (251,632)
Stock option exercises 1,511 9,180
Taxes paid related to net share settlement of equity awards (186,731) (113,431)
Other financing activities 1,034 483
Allocable to redeemable and non-controlling interests in Consolidated Funds:    
Cash and cash equivalents, beginning of period 348,274 389,987
Cash and cash equivalents, end of period $ 346,331 $ 272,249