Ares Management Corp
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
View on SEC.govAbout this filing
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.
Sep 30, 2024 · Filed Nov 8, 2024
ARES$139.58+4.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Changes in Equity for the
Condensed Consolidated Statements of Changes in Equity
| Class A Common Stock | Non-voting Common Stock | Class C Common Stock | Additional Paid-in-Capital | Accumulated Deficit | Accumulated Other Comprehensive Loss | Non-Controlling Interest in Ares Operating Group Entities | Non-Controlling Interest inConsolidated Funds | Total Equity | |
|---|---|---|---|---|---|---|---|---|---|
| Balance as of December 31, 2023 | $1,871 | $35 | $1,170 | $2,391,036 | $(495,083) | $(5,630) | $1,322,469 | $1,258,445 | $4,474,313 |
| Changes in ownership interests and related tax benefits | 39 | — | (20) | (62,709) | — | — | (103,599) | 51,984 | (114,305) |
| Issuances of common stock | — | — | 1 | — | — | — | 7,723 | — | 7,724 |
| Capital contributions | — | — | — | — | — | — | 1,034 | 168,673 | 169,707 |
| Dividends/distributions | — | — | — | — | (190,504) | — | (129,240) | (26,908) | (346,652) |
| Net income | — | — | — | — | 73,027 | — | 63,999 | 66,716 | 203,742 |
| Currency translation adjustment, net of tax | — | — | — | — | — | (4,850) | (2,932) | (3,608) | (11,390) |
| Equity compensation | — | — | — | 57,600 | — | — | 34,822 | — | 92,422 |
| Stock option exercises | 1 | — | — | 1,510 | — | — | — | — | 1,511 |
| Balance as of March 31, 2024 | 1,911 | 35 | 1,151 | 2,387,437 | (612,560) | (10,480) | 1,194,276 | 1,515,302 | 4,477,072 |
| Changes in ownership interests and related tax benefits | 19 | — | (18) | (75,616) | — | — | 103,129 | (35,192) | (7,678) |
| Issuances of common stock | 27 | — | — | 354,368 | — | — | — | — | 354,395 |
| Capital contributions | — | — | — | — | — | — | 269 | 342,937 | 343,206 |
| Dividends/distributions | — | — | — | — | (195,234) | — | (116,980) | (20,696) | (332,910) |
| Net income | — | — | — | — | 94,938 | — | 76,211 | 105,489 | 276,638 |
| Currency translation adjustment, net of tax | — | — | — | — | — | (1) | 55 | (1,919) | (1,865) |
| Equity compensation | — | — | — | 55,791 | — | — | 32,441 | — | 88,232 |
| Balance as of June 30, 2024 | 1,957 | 35 | 1,133 | 2,721,980 | (712,856) | (10,481) | 1,289,401 | 1,905,921 | 5,197,090 |
| Changes in ownership interests and related tax benefits | 23 | — | (21) | 27,103 | — | — | (3,663) | (31,559) | (8,117) |
| Issuances of common stock | 3 | — | — | 52,838 | — | — | — | — | 52,841 |
| Capital contributions | — | — | — | — | — | — | 269 | 32,684 | 32,953 |
| Dividends/distributions | — | — | — | — | (198,002) | — | (139,098) | (28,898) | (365,998) |
| Net income | — | — | — | — | 118,460 | — | 96,633 | 64,241 | 279,334 |
| Currency translation adjustment, net of tax | — | — | — | — | — | 18,931 | 11,065 | 6,557 | 36,553 |
| Equity compensation | — | — | — | 54,972 | — | — | 30,641 | — | 85,613 |
| Balance as of September 30, 2024 | $1,983 | $35 | $1,112 | $2,856,893 | $(792,398) | $8,450 | $1,285,248 | $1,948,946 | $5,310,269 |
Condensed Consolidated Statements of Changes in Equity
| Class A Common Stock | Non-voting Common Stock | Class C Common Stock | Additional Paid-in-Capital | Accumulated Deficit | Accumulated Other Comprehensive Loss | Non-Controlling Interest in Ares Operating Group Entities | Non-Controlling Interest inConsolidated Funds | Total Equity | |
|---|---|---|---|---|---|---|---|---|---|
| Balance as of December 31, 2022 | $1,739 | $35 | $1,172 | $1,970,754 | $(369,475) | $(14,986) | $1,135,023 | $1,074,356 | $3,798,618 |
| Changes in ownership interests and related tax benefits | 19 | — | 34 | (36,777) | — | — | 87,541 | (4,689) | 46,128 |
| Issuances of common stock | 14 | — | — | 115,350 | — | — | — | — | 115,364 |
| Capital contributions | — | — | — | — | — | — | 1,172 | 93,585 | 94,757 |
| Dividends/distributions | — | — | — | — | (145,386) | — | (103,363) | (20,933) | (269,682) |
| Net income | — | — | — | — | 94,039 | — | 88,408 | 26,693 | 209,140 |
| Currency translation adjustment, net of tax | — | — | — | — | — | 2,641 | 1,756 | 2,390 | 6,787 |
| Equity compensation | — | — | — | 41,541 | — | — | 27,537 | — | 69,078 |
| Stock option exercises | 5 | — | — | 9,175 | — | — | — | — | 9,180 |
| Balance as of March 31, 2023 | 1,777 | 35 | 1,206 | 2,100,043 | (420,822) | (12,345) | 1,238,074 | 1,171,402 | 4,079,370 |
| Changes in ownership interests and related tax benefits | 10 | — | (9) | (151) | — | — | (4,086) | (322,729) | (326,965) |
| Issuances of common stock | — | — | — | 737 | — | — | — | — | 737 |
| Capital contributions | — | — | — | — | — | — | 1,071 | 78,632 | 79,703 |
| Dividends/distributions | — | — | — | — | (149,218) | — | (109,651) | (14,992) | (273,861) |
| Net income | — | — | — | — | 144,514 | — | 119,326 | 67,681 | 331,521 |
| Currency translation adjustment, net of tax | — | — | — | — | — | 2,658 | 1,751 | (8,685) | (4,276) |
| Equity compensation | — | — | — | 37,609 | — | — | 24,672 | — | 62,281 |
| Stock option exercises | 25 | — | — | 43,935 | — | — | — | — | 43,960 |
| Balance as of June 30, 2023 | 1,812 | 35 | 1,197 | 2,182,173 | (425,526) | (9,687) | 1,271,157 | 971,309 | 3,992,470 |
| Changes in ownership interests and related tax benefits | 17 | — | (16) | 15,435 | — | — | (14,757) | (7,210) | (6,531) |
| Capital contributions | — | — | — | — | — | — | 148 | 41,378 | 41,526 |
| Dividends/distributions | — | — | — | — | (151,648) | — | (97,936) | (21,020) | (270,604) |
| Net income | — | — | — | — | 61,823 | — | 54,104 | 80,289 | 196,216 |
| Currency translation adjustment, net of tax | — | — | — | — | — | (7,578) | (4,994) | (11,313) | (23,885) |
| Equity compensation | — | — | — | 37,856 | — | — | 24,120 | — | 61,976 |
| Stock option exercises | 15 | — | — | 27,271 | — | — | — | — | 27,286 |
| Balance as of September 30, 2023 | 1,844 | 35 | 1,181 | 2,262,735 | (515,351) | (17,265) | 1,231,842 | 1,053,433 | 4,018,454 |
| Changes in ownership interests and related tax benefits | 13 | — | (11) | (39,262) | — | — | 25,258 | 20,847 | 6,845 |
| Issuances of common stock | 12 | — | — | 123,432 | — | — | — | — | 123,444 |
| Capital contributions | — | — | — | — | — | — | 1,496 | 106,590 | 108,086 |
| Dividends/distributions | — | — | — | — | (153,682) | — | (116,899) | (44,183) | (314,764) |
| Net income | — | — | — | — | 173,950 | — | 149,406 | 99,633 | 422,989 |
| Currency translation adjustment, net of tax | — | — | — | — | — | 11,635 | 7,510 | 22,125 | 41,270 |
| Equity compensation | — | — | — | 38,600 | — | — | 23,856 | — | 62,456 |
| Stock option exercises | 2 | — | — | 5,531 | — | — | — | — | 5,533 |
| Balance as of December 31, 2023 | $1,871 | $35 | $1,170 | $2,391,036 | $(495,083) | $(5,630) | $1,322,469 | $1,258,445 | $4,474,313 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.