Ares management corporation (ARES)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14
Revenues
Total revenues

-

958,461

-

-

-

-

Expenses
Total expenses

1,462,797

870,362

1,504,758

1,016,420

769,040

860,039

Other income (expense)
Interest expense

-

-

21,219

-

18,949

-

Total other income (expense)

122,539

96,242

239,118

59,967

36,082

813,065

Income (loss) before taxes

425,180

184,341

149,859

297,920

81,484

556,915

Income tax expense (benefit)

52,376

32,202

-23,052

11,019

19,064

11,253

Net income (loss)

372,804

152,139

172,911

286,901

62,420

545,662

Net income (loss) attributable to Ares Management Corporation

148,884

57,020

76,178

111,808

19,378

34,988

Less: Series A Preferred Stock dividends paid

21,700

21,700

21,700

12,176

0

0

Net income (loss) attributable to Ares Management Corporation Class A common stockholders

127,184

35,320

54,478

99,632

19,378

34,988

Net income (loss) attributable per share of Class A common stock
Basic (in dollars per share)

1.11

0.30

0.62

-

0.23

0.43

Diluted (in dollars per share)

1.06

0.30

0.62

-

0.23

0.43

Weighted-average shares of Class A common stock:
Basic (in shares)

107,914

96,023

81,838

80,749

80,673

80,358

Diluted (in shares)

119,877

96,023

81,838

82,937

80,673

80,358

Dividend declared and paid per share of Class A common stock (in dollar per share)

-

-

1.13

-

0.88

0.42

Carried interest allocation
Total revenues

621,872

-

-

-

-

-

Administrative, transaction and other fees
Total revenues

0

-

0

0

-

-

Ares Management L.P
Total revenues

1,765,438

958,461

1,415,499

1,254,373

814,442

603,889

Management fees (includes ARCC Part I Fees of $105,467, $121,181 and $121,491 for the years ended December 31, 2017, 2016 and 2015, respectively)

-

-

722,419

-

-

-

Performance fees

-

-

636,674

-

-

-

Administrative Services Revenue

-

-

56,406

-

-

-

Revenues

-

-

1,415,499

-

-

-

Compensation and benefits

653,352

570,380

514,109

447,725

-

-

Performance related compensation

497,181

30,254

479,722

387,846

-

-

General, administrative and other expenses

270,219

215,964

196,730

159,776

-

-

Transaction support expense

0

0

275,177

0

-

-

Total expenses

-

870,362

-

1,016,420

-

-

Net realized and unrealized gains (losses) on investments

9,554

-1,884

67,034

-7,629

-

-

Interest and dividend income

7,506

7,028

12,715

4,493

-

-

Interest expense

19,671

21,448

21,219

17,981

-

-

Other income (expense), net

-7,840

-851

19,470

35,650

-

-

Write off of Deferred Debt Issuance Cost

-

-

0

-

-

-

Total other income

-

96,242

-

59,967

-

-

Income tax expense (benefit)

52,906

32,071

-24,939

11,756

-

-

Consolidated Funds
Expenses of Consolidated Funds

42,045

53,764

39,020

21,073

-

-

Net realized and unrealized gains (losses) on investments

15,136

-1,583

100,124

-2,057

-

-

Interest and dividend income

-

-

187,721

138,943

-

-

Interest expense

277,745

222,895

126,727

91,452

-

-

Interest and other income of Consolidated Funds

395,599

337,875

-

138,943

-

-

Income tax expense (benefit)

-

-

1,887

-

-

-

Net income (loss) attributable to non-controlling interests related to consolidated VIEs

39,704

20,512

60,818

3,386

-

-

AOG
Net income (loss) attributable to non-controlling interests related to consolidated VIEs

184,216

74,607

35,915

171,251

-

-

Ares Operating Group [Member]
Less: Net income attributable to redeemable interests in Ares Operating Group entities

-

-

0

456

-

-

Common Class A
Net Income (Loss), Per Outstanding Limited Partnership Unit, Basic, Net of Tax

-

-

-

1.22

-

-

Net Income (Loss), Net of Tax, Per Outstanding Limited Partnership Unit, Diluted

-

-

-

1.20

-

-