Ares Management Corp
For the period ended Jun 30, 2024. Filed Aug 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 7, 2024
ARES$139.41-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows for the
Condensed Consolidated Statements of Cash Flows
| Six months ended June 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income | $480,066 | $539,571 |
| Adjustments to reconcile net income to net cash provided by operating activities | 303,360 | 149,773 |
| Adjustments to reconcile net income to net cash provided by operating activities allocable to non-controlling interests in Consolidated Funds | 323,364 | (884,231) |
| Cash flows due to changes in operating assets and liabilities | 157,389 | 69,426 |
| Cash flows due to changes in operating assets and liabilities allocable to redeemable and non-controlling interest in Consolidated Funds | (121,962) | 133,981 |
| Net cash provided by operating activities | 1,142,217 | 8,520 |
| Cash flows from investing activities: | ||
| Purchase of furniture, equipment and leasehold improvements, net of disposals | (55,309) | (21,127) |
| Acquisitions | (8,000) | — |
| Net cash used in investing activities | (63,309) | (21,127) |
| Cash flows from financing activities: | ||
| Net proceeds from issuance of Class A common stock | 354,395 | — |
| 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: | ||
| 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 | — | (538,985) |
| Borrowings under loan obligations by Consolidated Funds | 167,135 | 535,464 |
| Repayments under loan obligations by Consolidated Funds | (878,545) | (174,669) |
| 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 | 389,987 |
| 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 | $— | $245,647 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.