Ares Management
Cash Flow
Last updated:
Cash flow statement presents a set of outflows and inflows of cash within a company through operating, investing and financing activities. Over the last year, operating activities of Ares Management generated cash of -$233,261,000, which is more than the previous year. Cash used in financing activities reached the amount of $292,126,000 last year. Net change in cash is therefore -$41,713,000.
Cash Flow
| 2014 | 1.53B | -76.66M | -1.36B |
|---|---|---|---|
| 2015 | -527.98M | -75.11M | 581.53M |
| 2016 | -625.65M | -11.91M | 880.76M |
| 2017 | -1.86B | -33.16M | 1.65B |
| 2018 | -1.41B | -18.41M | 1.40B |
| 2019 | -2.08B | -16.79M | 2.12B |
| 2020 | -425.65M | -136.76M | 943.89M |
| 2021 | -2.59B | -1.08B | 3.50B |
| 2022 | -734.11M | -337.37M | 1.12B |
| 2023 | -233.26M | -111.07M | 292.12M |
ARES Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 389.98M | 343.65M | 539.81M | 138.38M | 110.24M | 118.92M | 342.86M | 121.48M | 148.85M | 89.80M |
Operating activities | ||||||||||
Net income | 1.16B | 438.91M | 918.30M | 324.48M | 372.80M | 152.13M | 172.91M | 286.90M | 62.42M | 545.66M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 231.71M | 341.34M | 113.29M | 41.24M | 39.45M | 28.51M | 32.80M | 37.45M | 55.27M | 36.12M |
Stock-based compensation expense | 255.96M | 200.39M | 237.19M | 122.98M | 97.69M | 89.72M | 69.71M | 39.06M | 32.24M | 83.23M |
| Deferred income tax benefit | 255.96M | 200.39M | 237.19M | 122.98M | 97.69M | 89.72M | 69.71M | 39.06M | 32.24M | 83.23M |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | 0 | -20.61M | -745.02M | -24.35M | -103.96M | 29.57M | -90.44M | -28.30M | 20.61M | 38.07M |
Inventories | 0 | 0 | 190.13M | 85.63M | -241.45M | 283.48M | 105.21M | -124.19M | -2.40M | 327.59M |
Accounts payable | 27.86M | -51.68M | 125.16M | 21.03M | 30.66M | 2.26M | 14.55M | 5.32M | -37.19M | 34.02M |
Cash generated by operating activities | -233.26M | -734.11M | -2.59B | -425.65M | -2.08B | -1.41B | -1.86B | -625.65M | -527.98M | 1.53B |
Investing activities | ||||||||||
Purchases Of Investments | 0 | -9.80B | -13.40B | -6.70B | -5.49B | -5.16B | -4.31B | -2.38B | 0 | 0 |
Investments In Property Plant And Equipment | -67.18M | -35.79M | -27.22M | -15.94M | -16.79M | -18.41M | -33.16M | -11.91M | -10.67M | -16.66M |
Acquisitions Net | -43.89M | -301.58M | -1.05B | -120.82M | 5.49B | 0 | 0 | 0 | -64.43M | -60M |
Cash generated by investing activities | -111.07M | -337.37M | -1.08B | -136.76M | -16.79M | -18.41M | -33.16M | -11.91M | -75.11M | -76.66M |
Financing activities | ||||||||||
Common Stock Issued | 85.95M | 12.83M | 864.64M | 383.15M | 206.70M | 0 | 1.03M | 298.76M | 88.65M | 209.18M |
Payments for dividends | -1.03B | -836.36M | -604.35M | -468.48M | -345.36M | -156.54M | -283.35M | -212.83M | -217.76M | -329.89M |
Repurchases of common stock | -1.20B | -201.31M | -226.10M | 2.29B | -10.44M | -18.01M | -14.30M | 0 | 0 | 4.25B |
Repayments of term debt | 1.68B | 1.76B | -2.83B | -1.05B | 2.14B | -1.73B | 1.82B | -973.46M | 796.39M | -4.48B |
Cash used in financing activities | 292.12M | 1.12B | 3.50B | 943.89M | 2.12B | 1.40B | 1.65B | 880.76M | 581.53M | -1.36B |
Net Change In Cash | -41.71M | 46.33M | -196.15M | 401.42M | 28.13M | -8.68M | -223.93M | 221.37M | -27.37M | 59.05M |
Cash at end of period | 348.27M | 389.98M | 343.65M | 539.81M | 138.38M | 110.24M | 118.92M | 342.86M | 121.48M | 148.85M |
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