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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 480,066 $ 539,571
Net cash provided by operating activities 1,142,217 8,520
Cash flows from investing activities:    
Net cash used in investing activities (63,309) (21,127)
Allocable to redeemable and non-controlling interests in Consolidated Funds:    
Net cash used in financing activities (1,125,531) (97,501)
Effect of exchange rate changes (17,206) (3,052)
Net change in cash and cash equivalents (63,829) (113,160)
Cash and cash equivalents, beginning of period 348,274  
Cash and cash equivalents, end of period 284,445 276,827
Supplemental disclosure of non-cash financing activities:    
Issuance of common stock in connection with acquisition-related activities 7,724 116,101
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 323,364 (884,231)
Cash flows due to changes in operating assets and liabilities allocable to redeemable and non-controlling interest in Consolidated Funds (121,962) 133,981
Allocable to redeemable and non-controlling interests in Consolidated Funds:    
Contributions from redeemable and non-controlling interests in Consolidated Funds 511,610 680,991
Distributions to non-controlling interests in Consolidated Funds (47,604) (35,925)
Redemptions of redeemable interests in Consolidated Funds 0 (538,985)
Borrowings under loan obligations by Consolidated Funds 167,135 535,464
Repayments under loan obligations by Consolidated Funds (878,545) (174,669)
Ares Management L.P    
Cash flows from operating activities:    
Adjustments to reconcile net income to net cash provided by operating activities 303,360 149,773
Cash flows due to changes in operating assets and liabilities 157,389 69,426
Cash flows from investing activities:    
Purchase of furniture, equipment and leasehold improvements, net of disposals (55,309) (21,127)
Acquisitions (8,000) 0
Cash flows from financing activities:    
Net proceeds from issuance of Class A common stock 354,395 0
Proceeds from Credit Facility 650,000 495,000
Repayments of Credit Facility (1,050,000) (470,000)
Dividends and distributions  (632,260) (510,501)
Stock option exercises 1,511 53,140
Taxes paid related to net share settlement of equity awards (203,076) (133,570)
Other financing activities 1,303 1,554
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 $ 284,445 $ 276,827