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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 760,719 $ 736,545
Net cash provided by operating activities 1,983,536 326,791
Cash flows from investing activities:    
Net cash used in investing activities (95,886) (44,177)
Allocable to redeemable and non-controlling interests in Consolidated Funds:    
Net cash used in financing activities (1,909,755) (341,603)
Effect of exchange rate changes 23,969 (19,171)
Net change in cash and cash equivalents 1,864 (78,160)
Cash and cash equivalents, beginning of period 348,274  
Cash and cash equivalents, end of period 350,138 311,827
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 835,340 (948,908)
Cash flows due to changes in operating assets and liabilities allocable to redeemable and non-controlling interest in Consolidated Funds (300,009) 91,314
Allocable to redeemable and non-controlling interests in Consolidated Funds:    
Contributions from redeemable and non-controlling interests in Consolidated Funds 544,294 735,944
Distributions to non-controlling interests in Consolidated Funds (76,502) (56,945)
Redemptions of redeemable interests in Consolidated Funds 0 (553,718)
Borrowings under loan obligations by Consolidated Funds 323,540 549,664
Repayments under loan obligations by Consolidated Funds (1,504,344) (257,370)
Ares Management L.P    
Cash flows from operating activities:    
Adjustments to reconcile net income to net cash provided by operating activities 429,097 312,180
Cash flows due to changes in operating assets and liabilities 258,389 135,660
Cash flows from investing activities:    
Purchase of furniture, equipment and leasehold improvements, net of disposals (82,203) (44,177)
Acquisitions (13,683) 0
Cash flows from financing activities:    
Net proceeds from issuance of Class A common stock 407,236 0
Proceeds from Credit Facility 970,000 735,000
Repayments of Credit Facility (1,395,000) (670,000)
Dividends and distributions  (969,360) (760,085)
Stock option exercises 1,511 80,426
Taxes paid related to net share settlement of equity awards (211,615) (145,421)
Other financing activities 485 902
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 $ 350,138 $ 311,827