Ares Management Corporation
Ares Management Corporation operates as an alternative asset manager in the United States, Europe, and Asia. The company's Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts for ins…
Asset Management
US, Los Angeles [HQ]
Cash Flow Statements
13 Sheets · Starting from 2023In Million USD. Margins, Growth Rates In %
| Metric | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Cash Flow (OCF) | 2,489.00 | 2,747.00 | 2,174.00 | 1,532.00 | -527.00 | -625.00 | -1,863.00 | -1,417.00 | -2,083.00 | -425.00 | -2,596.00 | -734.00 | -233.00 | |
| Operating Cash (Net) | 2,489.00 | 2,747.00 | 2,174.00 | 1,532.00 | -527.00 | -625.00 | -1,863.00 | -1,417.00 | -2,083.00 | -425.00 | -2,596.00 | -734.00 | -233.00 | |
| Accounts Receivable | -13.00 | -71.00 | 32.00 | 38.00 | 20.00 | -28.00 | -90.00 | 29.00 | -103.00 | -24.00 | -745.00 | -20.00 | -48.00 | |
| Accounts Payable | 11.00 | 3.00 | -11.00 | 34.00 | -37.00 | 5.00 | 14.00 | 2.00 | 30.00 | 21.00 | 125.00 | -51.00 | 27.00 | |
|
Working Capital
|
- - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | |
| Change | -534.00 | 330.00 | 276.00 | 320.00 | 16.00 | -192.00 | -86.00 | 331.00 | -383.00 | 60.00 | -467.00 | -194.00 | -426.00 | |
| Other WC | -7.00 | -63.00 | 112.00 | -78.00 | 35.00 | -45.00 | -115.00 | 16.00 | -68.00 | -21.00 | -38.00 | -122.00 | -454.00 | |
| Investing Activities | ||||||||||||||
| Used Cash (Net) | -42.00 | -12.00 | -62.00 | -76.00 | -75.00 | -11.00 | -33.00 | -18.00 | -16.00 | -136.00 | -1,084.00 | -337.00 | -111.00 | |
| Capital Expenditure | -31.00 | -12.00 | -12.00 | -16.00 | -10.00 | -11.00 | -33.00 | -18.00 | -16.00 | -15.00 | -27.00 | -35.00 | -67.00 | |
| Purchases of Investments | - - | - - | - - | - - | - - | -2,384.00 | -4,316.00 | -5,167.00 | -5,495.00 | -6,706.00 | -13,407.00 | -9,805.00 | -9,355.00 | |
| Sale/Maturity of Investment | - - | - - | - - | 10,963,123.00 | 1,109.00 | 1,643.00 | 2,457.00 | 3,138.00 | 3,362.00 | 5,677.00 | 10,243.00 | 8,381.00 | 8,355.00 | |
| Property, Plant, Equipment (P&PE) | -31.00 | -12.00 | -12.00 | -16.00 | -10.00 | -11.00 | -33.00 | -18.00 | -16.00 | -15.00 | -27.00 | -35.00 | -67.00 | |
| Acquisitions (Net) | -10.00 | - - | -50.00 | -60.00 | -64.00 | - - | - - | - - | 5,495.00 | -120.00 | -1,057.00 | -301.00 | -43.00 | |
| Other Investing Activities | - - | -9.00 | - - | -10,963,123.00 | -1,109.00 | -1,643.00 | -2,457.00 | -3,138.00 | -3,362.00 | 1,029.00 | 3,163.00 | 1,423.00 | 1,000.00 | |
| Financing Activities | ||||||||||||||
| Used Cash (Net) | -2,486.00 | -2,708.00 | -2,113.00 | -1,364.00 | -581.00 | -880.00 | -1,654.00 | -1,405.00 | -2,122.00 | -943.00 | -3,503.00 | -1,128.00 | -292.00 | |
| Debt Repayment | -1,979.00 | -3,687.00 | -5,326.00 | -4,482.00 | -504.00 | -973.00 | -1,685.00 | -1,736.00 | -2,141.00 | -1,050.00 | -2,833.00 | -1,240.00 | -1,682.00 | |
| Dividends Paid | -258.00 | -230.00 | -420.00 | -329.00 | -217.00 | -212.00 | -283.00 | -156.00 | -345.00 | -468.00 | -604.00 | -836.00 | -1,030.00 | |
|
Common Stock
|
- - | - - | - - | -4,042 | - - | - - | 15 | 18 | 341 | -1,912 | 1,090 | 214 | 1,288 | |
| Issued | - - | - - | - - | 209.00 | 88.00 | 298.00 | 1.00 | - - | 297.00 | 383.00 | 864.00 | 12.00 | 85.00 | |
| Repurchased | - - | - - | - - | 4,251.00 | - - | - - | -14.00 | -18.00 | -44.00 | 2,295.00 | -226.00 | -201.00 | -1,202.00 | |
| Other Financing Activities | -247.00 | 1,210.00 | 3,632.00 | -1,012.00 | 1,303.00 | 2,067.00 | 3,623.00 | -157.00 | 195.00 | -215.00 | 1,231.00 | 3,393.00 | 412.00 | |
| Cash Balances | ||||||||||||||
| Begin of Period | 88.00 | 34.00 | 68.00 | 89.00 | 148.00 | 121.00 | 342.00 | 118.00 | 110.00 | 138.00 | 539.00 | 343.00 | 389.00 | |
| End of Period | 34.00 | 68.00 | 89.00 | 148.00 | 121.00 | 342.00 | 118.00 | 110.00 | 138.00 | 539.00 | 343.00 | 389.00 | 348.00 | |
| Change | -54.00 | 34.00 | 21.00 | 59.00 | -27.00 | 221.00 | -223.00 | -8.00 | 28.00 | 401.00 | -196.00 | 46.00 | -41.00 | |
| Non-Cash Balances | ||||||||||||||
| Depreciation and Amortization | 19.00 | 14.00 | 49.00 | 36.00 | 55.00 | 37.00 | 32.00 | 28.00 | 39.00 | 41.00 | 113.00 | 341.00 | 231.00 | |
| Stock Based Compensation | 20.00 | 51.00 | 28.00 | 83.00 | 32.00 | 39.00 | 69.00 | 89.00 | 97.00 | 122.00 | 237.00 | 200.00 | 255.00 | |
| Other | -9,069.00 | -10,775.00 | -15,088.00 | 1,687.00 | -696.00 | -768.00 | -2,044.00 | -2,001.00 | 3,075.00 | 5,551.00 | -3,230.00 | -1,520.00 | -706.00 | |
| Highlighted metrics | ||||||||||||||
| Free Cash Flow (FCF) | 2,457.00 | 2,735.00 | 2,162.00 | 1,515.00 | -538.00 | -637.00 | -1,896.00 | -1,435.00 | -2,099.00 | -441.00 | -2,623.00 | -769.00 | -300.00 | |
| Cash Conversion Cycle (CCC) | 693.00 | 650.00 | 516.00 | 302.00 | 243.00 | 1,701.00 | 534.00 | 29.00 | 43.00 | 78.00 | 51.00 | 57.00 | -10.00 | |
| Invested Capital | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | |
|
Other Operating Inflows/Outflows
|
||||||||||||||
| Forex Effect on Cash | -14.00 | 7.00 | 22.00 | -32.00 | -5.00 | -21.00 | 17.00 | 21.00 | 5.00 | 19.00 | -19.00 | -10.00 | 10.00 |