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Ares Management Corporation (ARES)

ARES · Investment Advice · Los Angeles, CA · filing with the SEC since 2002
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Grade5.8
◀ Past 4.5● Present 6.7▶ Future 5.9
1 est.
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Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars. The fiscal year ends in December.
Income statement, by fiscal year, newest first
Fiscal yearFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Period endingDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021Dec 31, 2020Dec 31, 2019Dec 31, 2018Dec 31, 2017Dec 31, 2016
Report filedFeb 25, 2026Feb 27, 2025Feb 27, 2024Feb 24, 2023Feb 28, 2022Feb 25, 2021Feb 28, 2020Feb 26, 2019Mar 1, 2018Feb 27, 2017
Revenue4,755,6183,690,6683,236,2852,880,0072,288,8761,753,7291,433,1261,218,2391,085,043r964,800r
For insurers
Net investment income····25,09533,73069,71529,726··
Selling, general and administrative996,075736,501660,146695,256444,178258,999····
Total operating expenses4,708,7662,938,6912,797,8582,749,0853,410,0831,450,4861,462,797870,3621,504,7581,016,420
Interest expense···71,35636,76024,908··21,21917,981
Interest and investment income···9,3999,8658,071··-29,917-50,414r
Share of profit of equity-method investments319,28652,35086,72921,657r114,856r22,50057,400-3,80078,300r51,000r
Other income (expense), net···13,11914,40211,291····
Total non-operating income (expense)394,177329,262499,037204,448263,68265,918122,53996,242174,674r59,967r
Income before income taxes1,286,8931,275,3521,333,063510,8061,065,690379,478425,180184,341149,859297,920
Income tax expense198,535164,617172,97171,891147,38554,99352,37632,202-23,05211,019
Net income including non-controlling interests834,454814,963885,796319,582r797,936r324,485372,804152,139172,911286,901
Net income to non-controlling interests········35,915·
Net income527,362463,742474,326167,541408,837152,142148,88457,02076,178111,808
Preferred dividends··0010,85021,70021,70021,70021,70012,176
Net income to common shareholders426,112440,961474,326167,541386,748130,442127,18435,320r54,478r98,367
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it soldus-gaap:Revenues
Net investment income what its investments earnedus-gaap:NetInvestmentIncome
Selling, general and administrative the cost of selling and of running the companyus-gaap:SellingGeneralAndAdministrativeExpense
Total operating expenses the running costs togetherus-gaap:OperatingExpenses
Interest expense what its borrowing costus-gaap:InterestExpense
Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeInterestAndDividend
us-gaap:InvestmentIncomeNet
Share of profit of equity-method investments its share of companies it partly ownsus-gaap:IncomeLossFromEquityMethodInvestments
Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense
Total non-operating income (expense) everything outside the business, togetherus-gaap:NonoperatingIncomeExpense
Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit
Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss
Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest
Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss
Preferred dividends paid to preferred holders before common shareholdersus-gaap:PreferredStockDividendsIncomeStatementImpact
Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic
SI Assistanton ARES · research, not advice