Ares management corporation (ARES)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15
Cash flows from operating activities:
Net income (loss)

-275,797

84,475

91,875

74,878

121,576

16,337

47,212

14,169

74,421

131,536

83,872

113,827

-156,324

95,312

117,788

87,440

-13,639

6,245

-37,664

51,449

42,390

Adjustments to reconcile net income to net cash used in operating activities

-

-

-

-

-

-

42,563

245,942

-19,979

-

40,223

-74,015

-18,522

-

-

-

-

-

-

-

-

Cash flows due to changes in operating assets and liabilities

-

-

-

-

-

-

-23,171

-104,687

37,718

-

-65,656

8,946

135,303

-

-45,871

18,593

57,763

-

-

-

-

Allocable to non-controlling interest in Consolidated Funds:
Net cash used in operating activities

-363,237

-402,937

-388,772

-941,466

-349,846

306,156

-435,613

-1,368,108

80,507

-670,764

-888,090

-12,344

-291,816

-366,296

-328,384

94,273

-25,248

-6,400

11,267

65,005

-597,858

Cash flows from investing activities:
Purchase of furniture, equipment and leasehold improvements, net

-

-

-

-

-

3,982

7,311

4,269

2,857

5,234

6,732

10,942

10,252

3,746

2,894

2,474

2,799

-

-

-

-

Net cash used in investing activities

-38,906

-4,723

-6,420

-2,659

-2,994

-3,982

-7,311

-4,269

-2,857

-5,234

-6,732

-10,942

-10,252

-3,746

-2,894

-2,474

-2,799

-2,088

-1,820

-3,512

-67,693

Cash flows from financing activities:
Allocable to non-controlling interests in Consolidated Funds:
Net cash provided by financing activities

1,445,552

371,662

305,543

1,091,794

353,331

-327,707

439,987

1,378,667

-85,652

603,230

943,584

47,282

60,781

391,062

403,730

68,590

17,382

-254,503

279,751

-33,520

589,809

Effect of exchange rate changes

-14,120

-

-

-

9,760

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in cash and cash equivalents

1,029,289

-

-

-

10,251

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Ares Management L.P
Adjustments to reconcile net income (loss) to net cash used in operating activities

125,070

-

-

-

10,766

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows due to changes in operating assets and liabilities

51,995

-

-

-

3,537

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of furniture, equipment and leasehold improvements, net

3,062

-

-

-

2,994

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisitions

35,844

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from issuance of Class A common stock

383,334

0

206,705

0

0

0

0

-108

105,441

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from credit facility

790,000

70,000

30,000

90,000

145,000

270,000

85,000

85,000

240,000

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from term notes

-

-

-

-

-

0

0

0

44,050

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of credit facility

60,000

0

350,000

90,000

60,000

140,000

105,000

100,000

310,000

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of term loans

-

-

-

-

-

0

0

206,033

56

-

-

-

-

-

-

-

-

-

-

-

-

Dividends and distributions

106,838

85,366

85,937

76,885

75,479

65,457

65,595

89,814

91,780

-

-

-

-

-

-

-

-

-

-

-

-

Series A Preferred Stock dividends and distributions

5,425

5,425

5,425

5,425

5,425

5,425

5,425

5,425

5,425

-

-

-

-

-

-

-

-

-

-

-

-

Stock option exercises

19,551

7,421

4,296

78,794

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Taxes paid related to net share settlement of equity awards

73,500

1,532

598

10,303

21,121

638

151

9,914

7,311

-

-

-

-

-

-

-

-

-

-

-

-

Other financing activities

-2,125

28

18

-5,398

2,140

1,447

917

764

0

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes

-

-

-

-

-

-

-

3,618

4,613

-

-

-

-

-

-

-

-

-

-

-

-

Net change in cash and cash equivalents

-

-

-

-

-

-

-

9,908

-3,389

-

-

-

-

-

-

-

-

-

-

-

-

Consolidated Funds
Adjustments to reconcile net income (loss) to net cash used in operating activities

-453,015

-

-

-

-416,457

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows due to changes in operating assets and liabilities

188,510

-

-

-

-69,268

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjustments to reconcile net income to net cash used in operating activities

-

-

-

-

-

-

-547,211

-1,787,163

152,375

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows due to changes in operating assets and liabilities

-

-

-

-

-

-

1,348

-54,257

88,592

-

-

-

-

-

-

-

-

-

-

-

-

Contributions from non-controlling interests in Consolidated Funds

133,265

7,961

49,391

61,464

54,035

19

0

62,990

8,000

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to non-controlling interests in Consolidated Funds

13,492

30,707

34,620

10,219

20,736

112,915

11,466

34,346

983

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings under loan obligations by Consolidated Funds

454,391

859,496

548,254

1,537,943

396,144

-233,788

928,605

2,205,513

1,303

-

-

-

-

-

-

-

-

-

-

-

-

Repayments under loan obligations by Consolidated Funds

73,609

450,214

56,541

467,728

61,227

40,950

386,898

530,910

68,891

-

-

-

-

-

-

-

-

-

-

-

-